SpaceX is launching a $75 billion IPO amid strong investor demand, despite concerns over its high valuation and risky business model. Analysts like Morningstar and NYU's Damodaran value the company significantly lower than the $1.8 trillion suggested by bankers, highlighting uncertainties in SpaceX's AI ambitions and the technical challenges of building orbital data centers, reusable rockets, and a new chip foundry. Elon Musk's vision hinges on rapid satellite production and advanced space infrastructure, but key technologies like the Starship rocket and chip fab are still in early stages. Investors face a bet on a near-monopoly in space access combined with a bold but uncertain AI infrastructure plan.
Ethereum futures long positions among top traders increased by over 3 percentage points across both USDT- and coin-margined markets, indicating a broad-based shift in short-term sentiment. This rise suggests heightened attention on ETH compared to ot...
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...
