Morningstar analysts say SpaceX is significantly overvalued ahead of its IPO, valuing the company at $780 billion—48% below its private valuation of $1.5 trillion. They highlight risks from SpaceX's AI unit xAI, which poses a threat to company value and has an uncertain economic moat. SpaceX reported recent losses, with profitability relying heavily on future tech development. Morningstar advises investors to wait for better entry points post-IPO despite expected strong initial demand and a quick Nasdaq 100 inclusion.
Investors are exiting risk assets in the crypto market, with stablecoins gaining demand over altcoins and Ethereum. The stablecoin market cap has shrunk by over $7 billion in 21 days, while $400 billion has left the crypto market overall. Notably, Te...
The Nasdaq 100 Index is under pressure due to ongoing inflation concerns, a potentially more aggressive Federal Reserve, and high valuations in growth and AI-related semiconductor stocks. Key technical support levels have been broken, suggesting furt...
The US economy added 172,000 jobs in May, more than double the expected 80,000-85,000, causing a sharp market reaction. The Nasdaq fell over 4%, the S&P 500 dropped 2.6%, and Bitcoin slid below $62,000 as investors priced in a higher chance of Federa...
The head of the International Air Transport Association (IATA) warned that soaring jet fuel prices driven by the Iran war could push more budget airlines to bankruptcy or acquisition this year. Budget carriers are hit hardest due to their lack of hig...
Young investors in Southeast Asia are rapidly transforming the region's financial markets by embracing digital trading platforms and alternative assets like cryptocurrencies. This demographic shift is fueled by rising disposable incomes, increased fi...
