Elon Musk has reportedly discussed merging Tesla and SpaceX, with analysts and betting markets assigning high odds to a merger by 2027. WedBush Securities estimates an 80% or higher chance, citing groundwork already in place. SpaceX's upcoming IPO, targeting a valuation up to $2 trillion, could accelerate this move, potentially making Musk the first trillionaire. The merger could unify Musk's ventures, especially as SpaceX already buys Tesla products for its operations. Market watchers will closely follow SpaceX's Nasdaq debut, expected as early as June 12, 2026.
ARK Innovation ETF (ARKK) charges a 0.75% annual fee, much higher than competitors like Invesco QQQ Trust at 0.20%, yet it has underperformed significantly over the past five years, losing 37.88% while QQQ gained 103.96%. The fund's active trading an...
Vanguard's S&P 500 ETF (VOO) charges a very low fee of 0.03%, making it one of the cheapest index funds, but it is heavily weighted towards a few large tech companies, especially those in AI. This concentration means investors are exposed to risks fr...
The 'Magnificent Seven' group of Big Tech stocks, including Alphabet, Amazon, Apple, Meta, Microsoft, Tesla, and Nvidia, entered correction territory as concerns over rising AI spending and persistent inflation impact their valuations. The Roundhill ...
Bitget has introduced Stock+, a new feature allowing users to buy real US stocks directly using USDC and other digital assets. This innovation bridges crypto and traditional finance by enabling stock ownership through a single platform without interm...
The Nasdaq Composite fell 1.4%, losing about $680 billion in market value due to a sharp selloff in semiconductor stocks, which dropped 6.3%, led by memory chipmakers. This decline reflects investors unwinding crowded AI-related trades amid expectati...
