Morningstar projects that SpaceX's IPO stock price could fall about 48% from the $135 debut price, valuing the company around $70 per share based on a 'minimum viable product' scenario. This scenario assumes moderate success in orbital AI data centers and satellite operations generating $47 billion in annual revenue. While Morningstar assigns a 50% probability to this outcome, it also considers a bearish case with a 70% price drop and a bullish case with an 18.5% gain. Despite this caution, institutional optimism remains high, with firms like Morgan Stanley and Nvidia forecasting much higher valuations. SpaceX's IPO on June 12 is expected to see strong initial demand due to limited share float and inclusion in the Nasdaq-100, though questions remain about long-term price sustainability.
NVIDIA announced that leading Japanese companies in robotics and manufacturing are adopting its Cosmos, Isaac, Metropolis, and Jetson platforms to accelerate AI-powered intelligent machines across industries. The new Cosmos 3 Edge model enables real-...
Oil prices are rising sharply due to renewed US naval blockades on Iranian shipping and increased tensions in the Strait of Hormuz, a critical oil transit route. Brent crude is holding above $85 and WTI above $80, with forecasts suggesting WTI could ...
The US government announced it will impose a new 25% tariff on Brazilian ethanol starting next Wednesday, accusing Brazil of unfair trade practices. This tariff excludes major Brazilian exports like oil, beef, coffee, and aircraft parts. The move fol...
Alibaba and Baidu shares rose after Apple received approval from China's Cyberspace Administration to include Apple Intelligence, integrating Alibaba's Qwen AI model and Baidu's AI features into Apple devices in China. This partnership allows users t...
Ondo Finance has introduced the first tokenized stock representations backed by DTCC tokenized entitlements, joining major financial firms in a significant tokenization initiative. This move highlights Ondo's unique position in building infrastructur...
