News & Updates
The latest news and updates from companies in the WLTH portfolio.
SpaceX and Amazon are tech dopplegangers worth $4.5 trillion -- and they're headed for a collision | Fortune
A charismatic founder with near-obsessive conviction, a business that bleeds money, and a stock price based on a wildly optimistic valuation. In 1997, Jeff Bezos took Amazon public at a price of $18 per share at a $438 million valuation. The online bookseller's stock would then crater 90% after the dot-com bubble burst, before flourishing into a $2.6 trillion conglomerate that raked in $77.7 billion last year. Enter SpaceX in 2026. Founded by Elon Musk, the company lost $4.9 billion last year, and went public at $135 a share in June, with a valuation that quickly rose to a sky-high $2 trillion. The two mega-cap companies are primarily known for businesses that have little in common, with Amazon dominating the online retail business while SpaceX has become the world's leading rocket maker. But look a little closer, and the two companies have strikingly similar silhouettes which seem likely to bump up against each other ever more frequently as they compete on the public market stage. Perhaps more than any other tech companies out there today, Amazon and SpaceX are both conglomerates with broad collections of assets and businesses that each believe work together to create a more powerful whole. Both companies offer satellite-beamed high-speed internet access. They're both in the cloud computing and AI infrastructure business with expensive data centers. Chips? Amazon's Trainium and Graviton processors hit an annual revenue run rate above $20 billion in Q1, nearly doubling the $10 billion run rate from the previous quarter. SpaceX has a chip-manufacturing initiative called Terafab with a goal of producing one terawatt of compute hardware each year. Amazon and SpaceX each also have advertising platforms, with Amazon ginning up $68.6 billion in ad revenue last year while SpaceX's X platform -- the social media service formerly known as Twitter -- lived inside the AI segment that posted a $6.4 billion operating loss. If you squint, you can see them as doppelgängers with one big difference -- or to be more accurate, nearly 700 billion differences. Amazon hit $716.9 billion in revenue in 2025 and $80 billion in operating income compared to SpaceX's $18.7 billion of revenue and a $2.6 billion operating loss. Investors are focused on the opportunity ahead, of course. Amazon trades at roughly 3.6 times last year's sales and about 28 times forward earnings. SpaceX trades at about 97 times sales, and had a $4.9 billion net loss. "You're basically buying [SpaceX] at an Amazon valuation when it has one-twentieth the revenue of Amazon," said Jim Lebenthal, a veteran investor and chief markets strategist at Cerity Partners. "SpaceX is an incredibly cool company -- it's amazing, everything they're doing. I also think it's wildly overvalued right now." Looking at the rival companies piece by piece, you can see that in nearly every competitive line of business, Amazon is more profitable and growing. But it was also the company that took a nosedive that nobody wanted to own on the way down. Whether SpaceX can fill its shoes requires an extraordinary amount to go right, said Lebenthal. Here's a look at how the two multi-trillion tech conglomerates stack up. Satellites Starlink, SpaceX's high-speed satellite-based internet service, is the company's current golden child, with $11.4 billion in revenue last year. It counts United Airlines, Carnival, Maersk, and John Deere as customers, and grew 50% year over year, with $4.4 billion in operating income at a 39% margin. Starlink is SpaceX's only profitable segment and a sum-of-the parts analysis from investment bank Stifel last week valued it at $1.25 trillion, just more than half of SpaceX's $2.45 trillion enterprise value. But there's a caveat. FactSet projects SpaceX will need to raise roughly $250 billion in debt over the next four years to fund its growth, according to Lebenthal, so a lot is riding on Starlink's shoulders. Amazon is the runt in this match-up. While Starlink has 9,600 satellites deployed and still in orbit, Amazon's Leo has just started to really get into a groove with about 330 satellites, according to Stifel. But Amazon sees big potential in space. In April, Amazon agreed to acquire Globalstar for $11.6 billion with the goal of expanding Leo's satellite network. And the company recently unveiled enterprise-grade Leo Ultra, which it says is the fastest satellite-internet antenna ever built. Amazon also inked deals with Delta Airlines and Jet Blue to expand wi-fi access on hundreds of aircraft in 2028. Cloud and Compute Amazon essentially invented the cloud business, and the company has the clear advantage right now. Amazon Web Services (AWS) posted $128.7 billion in revenue in 2025, with $45.6 billion in operating income at a 35% margin. AWS picked up the pace in the first quarter, growing 28% to $37.6 billion in revenue. Anthropic uses Amazon Trainium 2 chips to train Claude, and Amazon CEO Andy Jassy told investors that AWS's AI revenue run rate topped $15 billion in Q1 2026 and is "ascending rapidly." SpaceX is moving fast though. The company already has Colossus I and II data centers, and has signed lease deals with Anthropic and Google. And the company says its ultimate goal is to send the AI buildout into orbit. In 2025, SpaceX's AI segment generated $3.2 billion in total revenue against a $6.4 billion operating loss and in the first quarter of 2026 it lost $2.5 billion on $818 million in revenue. Dan Niles, founder of Niles Investment Management said SpaceX's compute operation today is more at a level with $5 billion CoreWeave or Amsterdam-based Nebius rather than at the level of AWS. "I don't view them as similar companies at all," said Niles. Justin Menne, a portfolio manager at Harbor Capital, sees it in terms of visibility. Amazon has a contracted backlog of $364 billion and competitive inference chips, he said, while SpaceX has plans to build. "I think in order to believe that the total enterprise value makes sense here, you're inherently giving a lot of credibility to the management team, the engineering team, in order to actually execute," said Menne. The Musk factor Menne said he hadn't done any modeling on how much the Musk premium adds to SpaceX's valuation but the non-technical answer is, "a lot," he said. Lebenthal admires Musk's accomplishments but called him "a source of discomfort" for some value investors. "It's because he says outlandishly optimistic things," Lebenthal said, Musk projected $1 trillion in revenue at SpaceX by 2030, while Lebenthal noted estimated revenues are about $40 billion for 2026. "You can't just say that and $960 billion of incremental revenue is going to come to the table," he said. SpaceX is an innovation stock that really appeals to investors who are dreamers, he added, like Ark Invest's Cathie Wood. On SpaceX's first day of trading, Wood's Ark invested about half a billion in SpaceX, and has purchased more as the price has ebbed since its opening day. Amazon founder Jeff Bezos has a similar larger-than-life profile and reputation for entrepreneurial genius as Musk does. But Bezos transitioned from CEO to executive chairman in 2021 (he still reportedly has some involvement in important priorities like AI, but his day-to-day attention seems focused on Blue Origin, his space exploration company, and Prometheus, a new AI startup he cofounded). Harbor Capital's Menne said there is no equivalent key-man premium at Amazon because "the current value of the company is less reliant on the next five years of executing on something that doesn't already exist." That said, Niles said there's a clear alternative for investors drawn to Musk. The other public company where he serves as CEO, Tesla, has near-term initiatives that include robotics, autonomous fleets, and energy storage which "are likely to come to fruition before a colony on Mars," said Niles. Still, the Musk premium can't be discounted. "Elon has this talent for making money for investors, even if crazy projections don't play out," said Menne. The $28.5 trillion TAM SpaceX's prospectus claims a total addressable market of $28.5 trillion -- roughly the size of the U.S. GDP. Of that, $22.7 trillion is a third-party estimate of the entire global "digital economy." Value-minded Lebenthal noted that "it's earnings you want, not TAM." Menne said the enterprise AI portion "is really hard to underwrite because companies have only just started actually charging for a lot of these services in a way that's not gross-margin negative." Niles added that there's inherent competition in that stratospheric figure. "There are some really pretty good companies in that space," he said. "Maybe you can take all that share from Microsoft and others, but I think Microsoft is a pretty good company." SpaceX is targeting a $1.6 trillion market for connectivity and $26.5 trillion for AI. But Amazon Leo is also gunning for the former. Amazon's AWS generated $128.7 billion in cloud revenue last year, and hosts Anthropic and OpenAI while presiding over a $364 billion contracted backlog. Both can throw down gauntlets over the TAM, but Amazon can point to revenue of $716 billion last year to SpaceX's $18.7 billion.
LTM Partners with Anthropic to Accelerate Claude Adoption and Expand Enterprise Delivery
Claude and Claude Code embedded into LTM BlueVerse™ AI Delivery Fabric to power AI-led transformations MUMBAI, India -- LTM, the Business Creativity partner to the world's largest enterprises, today announced a partnership with Anthropic, the frontier AI company behind Claude, to accelerate enterprise-scale adoption of Claude, Claude Code and Claude Cowork across engineering, modernization, and... Claude and Claude Code embedded into LTM BlueVerse AI Delivery Fabric to power AI-led transformations MUMBAI, India -- LTM, the Business Creativity partner to the world's largest enterprises, today announced a partnership with Anthropic, the frontier AI company behind Claude, to accelerate enterprise-scale adoption of Claude, Claude Code and Claude Cowork across engineering, modernization, and business workflows. LTM will combine Claude, Claude Code and Claude Cowork with its enterprise implementation expertise to help clients move from pilots to production with market-leading productivity, throughput, quality underscored by assurance and transparency. LTM will specifically bring this expertise and capability to BFSI, Hi-Tech, Consumer and Production Industry domains. The three strategic focus areas of partnership include: * LTM BlueVerse: AI Delivery Fabric LTM BlueVerse AI Delivery Fabric will serve as the enterprise implementation layer for Claude adoption, integrating Claude and Claude Code into delivery workflows across AI-led software engineering, application modernization, agent orchestration, Site Reliability Engineering (SRE), Observability, and Chaos Engineering. * LTM AI1000: Talent Enablement program LTM will also scale its AI1000 initiative to train and deploy thousands of Claude-certified architects and Forward Deployed Engineers (FDEs) who can work with clients from assessment and architecture through assessment, implementation, and continuous improvement. * Claude Center of Excellence (CoE) LTM will establish a dedicated Center of Excellence (CoE) for Claude as the partnership's scale engine - to build reusable Skills, agentic MVPs, reference architectures, and playbooks spanning cloud-native and platform-based applications. The CoE will provide governance backbone across responsible use, agent lifecycle, model governance, and data-privacy/residency compliance. It will also keep delivery aligned with Claude's evolving capabilities. "LTM brings delivery expertise, trained people, and long-standing client relationships across industries, and their customers want to embed Claude into the systems they rely on. LTM is embedding Claude and Claude Code in BlueVerse, bringing trusted frontier AI technology to the center of how they do what they do best - help their clients build, modernize, and run their software," said Chris Ciauri, Managing Director of International, Anthropic. "LTM helps clients accelerate AI adoption and translate AI investments into measurable business outcomes through our partnership with Anthropic. Combining Claude with LTM's BlueVerse ecosystem, deep domain expertise, technology capabilities, and AI1000 talent initiative creates a powerful foundation for enterprises to embed AI across their business and modernize at scale," said Venu Lambu, CEO and Managing Director, LTM. The partnership will include joint go-to-market initiatives focussed on measurable business outcomes. LTM will also scale internal adoption by embedding Claude, Claude Code, and Claude Cowork into its delivery model to establish consistent adoption patterns and market-leading productivity benchmarks across the SDLC, with autonomous learning feedback into the Claude CoE and BlueVerse ecosystem. About LTM LTM -- a Larsen & Toubro Group Company -- is an AI-centric global technology services company and the Business Creativity partner to the world's largest enterprises. We bring human insights and intelligent systems together to help clients create greater value at the intersection of technology and domain expertise. Our capabilities span integrated operations, transformation, and business AI -- enabling new ways of working, new productivity paradigms, and new roads to value. Together with over 87,000 employees across 40 countries and our global network of partners, LTM owns outcomes for our clients, helping them not just outperform the market, but Outcreate it. Read more at LTM.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260712251521/en/ Contacts Media Contact: Shambhavi Revandkar | Global Media Relations | [email protected]
IT Stock Jumps 6% After Announcing Strong Q1 Results and AI Partnership with Anthropic
Synopsis: A leading IT services major kicked off FY27 with strong revenue growth, expanding margins, and a widening base of large clients. The quarter also brought a strategic European acquisition, a major AI partnership, and a reorganized business structure aimed at sharper industry focus. The June quarter turned out to be a busy one for this technology services company, with growth accelerating on the back of an AI-led strategy that management says is now translating into real client wins rather than just talk. Alongside healthy financial numbers, the quarter saw a sizeable European acquisition move forward and a new tie-up with a leading AI company. With a market capitalization of Rs.1,21,622crore, the shares of LTM Limited were trading at Rs. 4,100 per share and with a 52-week range of Rs. 6,429 to Rs. 3,528, and it is trading at a P/E of approximately 22x. The stock is up by 6 percent from the day's low after the partnership announcement with Anthropic. Financial Performance For the quarter ended June 2026, LTM reported consolidated revenue of ₹11,608 crore, up 18% year-on-year and 2.8% sequentially. In dollar terms, revenue came in at $1,223.5 million, growing a modest 6.1% YoY but nearly flat quarter-on-quarter at just 0.1%, reflecting currency headwinds even as the underlying business kept expanding. Profitability told an even better story. EBIT stood at ₹1,799.3 crore, rising a sharp 27.9% YoY, pushing EBIT margin up by 120 basis points to 15.5%. Net profit came in at ₹1,468.6 crore, up 17.1% YoY and 9.5% sequentially. Basic EPS for the quarter was ₹49.46. Order inflow remained healthy at $1.68 billion, up 3.1% YoY, giving the company a reasonably strong pipeline heading into the rest of FY27. AI Strategy Starts Showing Up in Numbers Management was clear that the company's AI-first approach is no longer just a talking point on investor calls. CEO and MD Venu Lambu noted that the AI pivot is now producing tangible proof points for clients, visible in the outcomes the company is creating and in the size and nature of the engagements being won. The strong order book, paired with a healthy pipeline across industry segments, gives the company reasonable confidence about sustaining growth momentum through the year. This shows up clearly in the client mining numbers. The count of $5 million-plus clients rose to 170, up 11 accounts YoY, while $10 million-plus clients climbed to 104, an addition of 14. The $20 million-plus bracket grew to 52 clients, up 11 YoY, and the $50 million-plus category rose to 15, adding one more large account. The company also picked up 16 new active clients during the quarter, taking its total active client base to 740. Anthropic Partnership: Betting Big on Claude Just after the results, LTM partnered with Anthropic to scale enterprise adoption of Claude, Claude Code, and Claude Cowork across its delivery operations. The tie-up rests on three pillars. First, Claude and Claude Code get embedded into LTM's BlueVerse AI Delivery Fabric, powering software engineering, application modernization, agent orchestration, site reliability engineering, observability, and chaos engineering, making AI part of core delivery rather than a side pilot. Second, the AI1000 program will train and deploy thousands of Claude-certified architects and forward-deployed engineers who can guide clients from assessment through implementation and continuous improvement. Third, a dedicated Claude Center of Excellence will build reusable AI skills and reference architectures while serving as a governance backbone covering responsible AI use, agent lifecycle management, and data privacy compliance as a priority for enterprise clients cautious about AI rollouts. The partnership spans BFSI, Hi-Tech, Consumer, and production sectors, underscoring how central AI has become to the company's growth strategy. Europe Expansion and Business Reorganisation The quarter also saw the company sign a Put Option Deed to acquire Randstad Digital's operations spanning the Netherlands, Australia, France, and several other European markets in a deal valued at up to EUR 160 million. Once concluded, this is expected to strengthen the company's digital engineering footprint in key international markets. Alongside this, the company restructured its reporting segments into four customer-facing verticals to sharpen industry focus: Financial Services (formerly BFSI), Consumer (which now includes the Healthcare, Life Sciences, and Public Services businesses), Technology & Services (which now includes Media & Entertainment alongside the remaining tech businesses), and Production (formerly Manufacturing & Resources). On the people side, the company closed the quarter with 87,886 employees, utilization excluding trainees at 86.4%, and trailing twelve-month attrition holding steady at 13.3%, suggesting a fairly stable execution engine even as the company chases bigger, more complex deals. Verdict Between accelerating growth, expanding margins, a large European acquisition, and a fresh AI partnership, this was a quarter where multiple strategic threads came together at once. Whether these moves translate into sustained outperformance will depend on how quickly the AI investments and the European integration start showing up in the numbers over the coming quarters.
Just how low could the SpaceX share price go this year?
You're reading a free article with opinions that may differ from The Twelfth Magpie's Premium Investing Services. Become a member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn more, and get a free 'Best Buy Now' stock!. Space Exploration Technologies (NASDAQ:SPCX), also known as SpaceX, has had a volatile start to life as a public company. After launching at $135 a month ago, the stock soared easily above $200 in initial trading. However, the SpaceX share price closed Friday at $145.30 and is trending lower. So what could happen from here? The move lower Over the past week, the stock is down 12%. In my view, the biggest reason behind the recent weakness is simple. Early investors who bought at the IPO are banking profit. After all, SpaceX surged immediately after its market debut as investors scrambled to gain exposure to one of the most anticipated listings in years. That enthusiasm briefly pushed the company's valuation close to $3trn, a level that I (and I'm sure many others) believed overvalued the company. So, once the initial excitement faded, many early buyers decided to lock in their gains. Selling their stock naturally has caused the share price to fall. This reason also means things don't bode well for the coming months. Given that the stock price is now close to the IPO price, more people might look to sell their shares to realise profits. After all, those with a short-term view probably would be unhappy if the stock fell below $135. Yet this could create even more selling pressure in the coming weeks, even pushing the stock under $135. Troubles ahead Unfortunately for shareholders, there are several reasons the selling could continue through the end of the year. One factor is that the stock still trades on a premium valuation despite the recent fall. It assumes SpaceX will successfully execute on ambitious projects and that take-up for Starlink is high. Any delays to these projects or weaker-than-expected financial updates could see the stock tumble. Another point I think some are forgetting is that as the months pass, larger institutional investors will have their lock-up periods expire. What I mean by this is big investors often can't sell stock after an IPO for a few months to prevent high volatility. But when this ends, it could spell trouble. A balanced view That said, writing off SpaceX would be a mistake. I think very few companies possess such a dominant competitive position as SpaceX has right now. Its reusable rocket technology continues to give it a significant cost advantage, while Starlink has already developed into a substantial recurring revenue business with considerable room for international expansion. If management continues to push ahead, investors may become more comfortable paying a premium valuation for a company that is redefining both the space industry and satellite communications. Ultimately, I think short-term pressure could see SpaceX stock finish the year below $135, potentially going as low as $100. Volatility is likely to remain the defining feature of SpaceX shares over the coming months. For long-term investors, any sharp fall could create a good buying opportunity, and this is the main reason I'm keeping the stock on my watchlist. Should you invest £5,000 in Space Exploration Technologies Corp. - Class A right now? When investing expert Mark Rogers and his team have a stock tip, it can pay to listen. After all, the flagship Twelfth Magpie Share Advisor newsletter he has run for nearly a decade has provided thousands of paying members with top stock recommendations from the UK and US markets. And right now, Mark thinks there are 6 standout stocks that investors should consider buying. Want to see if Space Exploration Technologies Corp. - Class A made the list? Jon Smith does not hold any positions in the companies mentioned.
History Says It's Time to Buy SpaceX Stock Before It's Too Late
After an incredible post-IPO performance, Space Exploration Technologies (NASDAQ: SPCX) stock has gradually returned to earth. SpaceX officially priced its June 12 IPO at $135 per share and opened at $150 per share. Shares reached their all-time high of $225.64 three days later. After a steep correction, the stock is now hovering around $145. Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue " The space stock is now priced just 7% above its original IPO price, and under the price at which it began trading. Newly published historical data, however, suggest there is more upside to come. History says SpaceX stock is a buy at $145 per share Jay Ritter of the Warrington College of Business at the University of Florida has been tracking the performance of IPO stocks for years. On July 7, Ritter released a new report with fully updated statistics. Diving into the data paints an optimistic picture for SpaceX stock today. From 1980 to 2024, Ritter documented 9,253 IPOs. Over that time, the average IPO stock returned 19.1% over a three-year period. The data is already looking good for SpaceX stock. While history doesn't suggest huge returns for the stock over the next three years, the returns are nonetheless expected to be positive. Breaking down the data even further improves SpaceX's prospects. When including only IPO stocks with trailing annual sales of at least $500 million -- a refinement that narrows the universe down to just 1,500 stocks -- the average three-year return improves to 31.8%. When including only IPO stocks with trailing sales of at least $1 billion, the prospects improve even further. These stocks -- which total 866 in all -- average 32.4% returns over their first three years of trading. To be clear, there's no telling exactly where SpaceX stock will head from here. Even if shares have plenty of upside at today's prices relative to historical IPO performances, there is a wide range of outcomes for any one stock. And there are plenty of reasons to believe SpaceX stock is overvalued, even following the correction. Before the June 12 IPO, analysts at the research firm Morningstar valued SpaceX at $63, representing a 53% discount to its IPO price. "Only the most optimistic Moonshot scenario, which requires a rapidly reusable Starship and commercially competitive orbital data centers, approaches the IPO price. The IPO price implies the Moonshot scenario is highly likely, but we think the outlook is very uncertain."
LTM-Anthropic Partnership: LTM bets on Anthropic's Claude to drive enterprise AI transformation
The L&T Group company will embed Claude into its AI platform, train thousands of certified engineers and establish a dedicated Centre of Excellence as enterprises ramp up generative AI adoption LTM, formerly LTIMindtree, has partnered with Anthropic to bring its Claude family of artificial intelligence (AI) models to enterprise clients, joining a growing list of IT services firms forging alliances with leading AI developers as customers move from pilot projects to large-scale deployments. Under the partnership, LTM will integrate Claude, Claude Code, and Claude Cowork into its BlueVerse AI platform to support software engineering, application modernisation and other enterprise workflows, the company said in a BSE filing. Announcing the collaboration on Monday, LTM said it will also expand its AI1000 initiative to train thousands of Claude-certified architects and engineers, while setting up a dedicated Claude Centre of Excellence (CoE) to develop reusable AI agents, reference architectures and governance frameworks for enterprise deployments. Commenting on the partnership, Chris Ciauri, managing director of International at Anthropic, said, "LTM brings delivery expertise, trained people, and long-standing client relationships across industries, and their customers want to embed Claude into the systems they rely on." "LTM is embedding Claude and Claude Code in BlueVerse, bringing trusted frontier AI technology to the center of how they do what they do best - help their clients build, modernise, and run their software," said. Also Read EPFO adds new PF transfer option after job switch: What has changed Cloudy skies in Delhi as AQI turns 'poor'; rainfall likely in most states Weekly policy watch: Inflation data, India-UK FTA, forex reserves in focus Q1 results: HCL Tech, ICICI Prudential AMC and 13 more on July 13 Weekly economy wrap: India advances Indo-Pacific ties; IMF cuts growth view The collaboration will initially target clients across banking and financial services (BFSI), high technology, consumer and manufacturing sectors, with the companies aiming to help enterprises move AI projects from pilot stages to production deployments. "Combining Claude with LTM's BlueVerse ecosystem, deep domain expertise, technology capabilities, and AI1000 talent initiative creates a powerful foundation for enterprises to embed AI across their business and modernize at scale," according to Venu Lambu, CEO and managing director, LTM. The announcement comes as global IT services companies increasingly forge alliances with leading AI model developers to strengthen their enterprise AI offerings and capture growing demand for large-scale AI transformation projects. More From This Section TCS expands ABB partnership with multi-year AI network operations deal Tata Capital enters gold loan business with Yogloans acquisition AI disruption, Iran war risks weigh on Indian IT firms' earnings outlook TCS rejigs leadership, business units to sharpen focus on AI-led dealspremium Berry Alloys to invest ₹1,200 cr in Andhra Pradesh steel materials complex
History Says It's Time to Buy SpaceX Stock Before It's Too Late
After an incredible post-IPO performance, Space Exploration Technologies (SPCX 4.51%) stock has gradually returned to earth. SpaceX officially priced its June 12 IPO at $135 per share and opened at $150 per share. Shares reached their all-time high of $225.64 three days later. After a steep correction, the stock is now hovering around $145. The space stock is now priced just 7% above its original IPO price, and under the price at which it began trading. Newly published historical data, however, suggest there is more upside to come. History says SpaceX stock is a buy at $145 per share Jay Ritter of the Warrington College of Business at the University of Florida has been tracking the performance of IPO stocks for years. On July 7, Ritter released a new report with fully updated statistics. Diving into the data paints an optimistic picture for SpaceX stock today. From 1980 to 2024, Ritter documented 9,253 IPOs. Over that time, the average IPO stock returned 19.1% over a three-year period. The data is already looking good for SpaceX stock. While history doesn't suggest huge returns for the stock over the next three years, the returns are nonetheless expected to be positive. Breaking down the data even further improves SpaceX's prospects. When including only IPO stocks with trailing annual sales of at least $500 million -- a refinement that narrows the universe down to just 1,500 stocks -- the average three-year return improves to 31.8%. When including only IPO stocks with trailing sales of at least $1 billion, the prospects improve even further. These stocks -- which total 866 in all -- average 32.4% returns over their first three years of trading. To be clear, there's no telling exactly where SpaceX stock will head from here. Even if shares have plenty of upside at today's prices relative to historical IPO performances, there is a wide range of outcomes for any one stock. And there are plenty of reasons to believe SpaceX stock is overvalued, even following the correction. Before the June 12 IPO, analysts at the research firm Morningstar valued SpaceX at $63, representing a 53% discount to its IPO price. "Only the most optimistic Moonshot scenario, which requires a rapidly reusable Starship and commercially competitive orbital data centers, approaches the IPO price. The IPO price implies the Moonshot scenario is highly likely, but we think the outlook is very uncertain." I mostly agree with Morningstar's caution. But SpaceX is a unique business with difficult-to-quantify opportunities ahead. Ark Invest, for example, sees SpaceX generating $300 billion in annual revenue by 2030 through the monetization of orbital data centers. If that happens, SpaceX could easily be valued well above $2 trillion. At the end of the day, investors must acquaint themselves with SpaceX's business prospects and current valuation, and form their own opinion of the company's risk-and-reward dynamic.
Elon Musk Admits He Was 'Clearly Wrong' About Anthropic -- and Promises Not to Weaponize SpaceXAI's Compute Access Against the Claude Maker: 'Not My Style'
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Elon Musk publicly reversed his earlier view of Anthropic on Thursday, saying he was "clearly wrong" to doubt the AI company and pledging not to use SpaceXAI's compute leverage to harm a competitor. Musk Calls Anthropic Current AI Leader "I was clearly wrong about Anthropic," Musk wrote on X. "They are obviously currently the leader in AI. No company has released a model as good as Mythos/Fable and they will undoubtedly have Mythos 2 ready soon." TechCrunch reported that Musk was referring to his September 2025 post that said, "winning was never in the set of possible outcomes for Anthropic." I was clearly wrong about Anthropic. They are obviously currently the leader in AI. No company has released a model as good as Mythos/Fable and they will undoubtedly have Mythos 2 ready soon. And I would never cut them off in a way that hurt them badly, even as a competitor.... -- Elon Musk (@elonmusk) July 9, 2026 Musk added that he would not cut off Anthropic's access in a damaging way, even though Anthropic competes with his own AI business. "I would never cut them off in a way that hurt them badly, even as a competitor. That's not my style," he wrote. He cited Tesla's patent pledge, its decision to open the Supercharger network to rivals, SpaceX's pricing for competing satellite launches and X's tolerance for criticism as examples of what he called fair competition. "Even my worst enemies can attack me on this platform," Musk wrote. Anthropic Depends On SpaceXAI Compute Deal The exchange followed a claim on X that SpaceXAI now runs a frontier model competitive with Anthropic's Opus 4.8 while Anthropic depends on short-term compute leased from SpaceXAI. Anthropic signed a May deal for 300 megawatts of compute from xAI's Colossus 1 data center near Memphis, Tennessee, paying $1.25 billion a month through May 2029. SpaceXAI said in May that the partnership gives Anthropic access to Colossus 1, which includes more than 220,000 Nvidia GPUs and is designed for AI training, fine-tuning, inference and high-performance computing. SpaceXAI also said Anthropic plans to use the compute to improve capacity for Claude Pro and Claude Max subscribers.
Reviewing Recent Picks: Lessons from SpaceX, Meta, Micron, Bloom, and Credo (NDX) | Seeking Alpha
This idea was discussed in more depth with members of my private investing community, The Active Investors Forum. Learn More " I thought it would be good investment "hygiene" to assess my recent allocations and judge them as evenhandedly as possible. There are only so many names one can fit in a subject line and David H. Lerner is an analyst with a decade of experience utilizing his professional background in software consulting and technology to identify market trends and provide long and short trade ideas. David employs a combination of technical analysis and market psychology to capitalize on narratives for outsized returns. He also utilizes "Cash Management Discipline," a simple trading style to hedge against the volatility of today's market climate.He leads the investing group Active Investors Forum where he uncovers actionable trading and investing ideas nearly every day. Other features include: long and short swing trade alerts, daily macro analysis, weekly articles, and chat for community interaction and questions. Learn More. Analyst's Disclosure: I/we have a beneficial long position in the shares of MU either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
This Vanguard ETF Would Have Quadrupled Your Money Over the Last Decade. History Says Now Is a Smart Time to Invest. (It's Likely to Outperform SpaceX, Too.)
We're all looking for solid investments for our portfolios, right? It's easy to focus on big-name high-flying stocks, such as Nvidia or Micron Technology. But there's also some risk there, as many highfliers end up overvalued and poised to fall extra-hard in a market pullback. (And a market pullback is far from unlikely these days.) So permit me to suggest a terrific investment that you might not have taken seriously enough: a simple, low-fee S&P 500 index fund. A splendid example is the Vanguard S&P 500 ETF (NYSEMKT: VOO). It's an exchange-traded fund (ETF) -- a fund that trades like a stock. Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue " Image source: Getty Images. Meet the Vanguard S&P 500 ETF Like any good S&P 500 index fund, the Vanguard S&P 500 ETF features low fees. While some actively managed mutual funds might charge you 1% or more of your assets each year, this fund charges 0.03% -- or just $3 annually for every $10,000 you have invested in it. It tracks the S&P 500, of course -- an index of roughly 500 of the biggest stocks in America. Together, they make up about 80% of the value of the entire U.S. stock market, which is why the S&P 500 is often used as a proxy for the total U.S. stock market. Together, the index's recent top 10 components make up about 38% of the index's value by weight. Here they are as of July 9: Data source: Slickcharts.com, as of July 9, 2026. Like many indexes, the S&P 500 is market-cap-weighted, with bigger companies wielding more influence than smaller ones. The fund has a solid record. Check out its average annual return over the last three, five, and 10 years (as reported by Morningstar on July 9): * Last three years: 21.26% * Last five years: 13.11% * Last 10 years: 15.36% Over the last decade, these compounded annual returns would have quadrupled your money. Why invest in the Vanguard S&P 500 ETF? Here are several reasons to invest: * It's a good time to do so (there's rarely a bad time, if you're a long-term investor). * It makes investing easy, plopping you into roughly 80% of the U.S. stock market with one "buy" order. * It offers diversification -- when one company or industry falls, the others can offset that to some degree. For greater diversification, check out the Invesco S&P 500 Equal Weight ETF (NYSEMKT: RSP), which weights each of the 500 companies in the index equally. * It's likely to outperform many growth stocks, especially overvalued ones -- including, arguably, Space Exploration Technologies, also known as SpaceX. Consider, for example, that the S&P 500's price-to-sales ratio was recently 3.7, while SpaceX's was 74.7. The S&P 500 has a solid track record, averaging annual gains of close to 10% over many decades, but many growth stocks are far less proven. * The index is designed to perform well, as lagging components are regularly removed to make way for up-and-coming companies. Take a closer look at this ETF to see if it's a good fit for your needs. Should you buy stock in Vanguard S&P 500 ETF right now? Before you buy stock in Vanguard S&P 500 ETF, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Vanguard S&P 500 ETF wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $395,679!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,294,805!* Now, it's worth noting Stock Advisor's total average return is 929% -- a market-crushing outperformance compared to 211% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors. See the 10 stocks " *Stock Advisor returns as of July 12, 2026. Selena Maranjian has positions in Alphabet, Amazon, Apple, Broadcom, Meta Platforms, Micron Technology, Microsoft, and Nvidia. The Motley Fool has positions in and recommends Alphabet, Amazon, Apple, Broadcom, Meta Platforms, Micron Technology, Microsoft, Nvidia, Tesla, and Vanguard S&P 500 ETF. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Morgan Stanley Says China's Reusable Rocket Progress Poses Long-Term Challenge to SpaceX
Morgan Stanley Says China's Reusable Rocket Progress Poses Long-Term Challenge to SpaceX. Source: Steve Jurvetson, CC BY 2.0, via Wikimedia Commons Morgan Stanley believes China's rapidly advancing reusable rocket program represents the biggest long-term competitive threat to SpaceX, following the country's first successful recovery of an orbital-class rocket booster. The investment bank said the China Aerospace Science and Technology Corp. (CASC) achieved a major milestone by recovering the Long March 10B booster, making it only the third organization after SpaceX and Blue Origin to accomplish the feat. While the demonstration marks significant progress, Morgan Stanley noted that China must still prove it can repeatedly launch, recover, and reuse rockets before establishing a fully operational reusable launch system. According to the brokerage, China's expanding space industry -- supported by both government-backed programs and private companies such as LandSpace, Galactic Energy, and Space Pioneer -- has become the most serious long-term rival to SpaceX's launch business. The country completed 90 orbital launches in 2025, second only to SpaceX's 165 Falcon 9 missions, highlighting its growing presence in the global space sector. Morgan Stanley also pointed to earlier assessments from the U.S. Space Force, which estimated China was still three to five years away from mastering reusable rocket technology. However, the successful Long March 10B recovery could accelerate that timeline and strengthen China's position in the commercial space race. Beyond launch capabilities, China continues expanding its ambitions in satellite infrastructure. Planned low-Earth orbit constellations, including the Guowang and Qianfan projects, aim to deploy roughly 28,000 satellites, while an additional proposal seeks authorization for more than 190,000 non-geostationary satellites. The brokerage also highlighted China's investment in space-based computing, citing the launch of the first satellites for its planned 2,800-satellite "Star Compute" orbital supercomputer network. Despite increasing competition, Morgan Stanley maintained its Overweight rating on SpaceX with a $300 price target. Analysts said the company continues to lead the industry through its unmatched launch frequency, proven reusable rocket technology, and Starlink satellite connectivity. However, the firm cautioned investors not to underestimate China's accelerating technological progress as it works to narrow the gap with the world's leading commercial space company.
SpaceX's ambitions are bigger than most people think | Mint
"The amount of ambition around [SpaceX's] industrialization is unlike anything I've ever witnessed," says RBC analyst Ken Herbert. Investors are currently focused on SpaceX's valuation following its record-setting IPO. Elon Musk's rocket, communications, and AI company is currently valued at roughly $2 trillion, despite not being expected to generate free cash flow for a decade or more. That's no problem for Wall Street, with some analyst target prices projecting $10 trillion or more in the coming years. The incredible optimism reflects the incredible scale SpaceX has planned, which investors overly focused on early trading might have missed. It's something to behold. Morgan Stanley analyst Adam Jonas models about 50 Starship launches in 2027. That number rises to 6,000 by 2040. Starship is SpaceX's huge, fully reusable rocket that can cut the cost of reaching space from thousands of dollars per kilogram to hundreds. Starship's low costs are the flywheel underpinning SpaceX's potential. Jonas' 204o projection is massive; conservatively, it represents 600,000 metric tons carried to orbit in one year, or more than 10 times what humanity has put into orbit so far in our civilization's history. That's also more than 100 launches a week, requiring, perhaps, a fleet of 200-plus Starships, powered by some 8,000 engines. That fleet won't all be built in a year. Still, Boeing and Airbus suppliers are struggling to build roughly 3,000 turbofan engines for commercial aircraft a year. It starts at Starbase in Boca Chica, Texas, where SpaceX builds Starship. "You go through that plant, it's like walking into the future...The level of automation, the scale. It's like multiple Costcos, and it's full," RBC analyst Ken Herbert told Barron's. "It's mind-blowing the amount of activity and the amount of tooling. It looks incredibly modern." Herbert is a veteran aerospace analyst and has watched Boeing build commercial jets in huge facilities across America. Still, he used words like "mind-blowing," "holy moly," and "floored" to describe SpaceX operations. "The amount of ambition around the industrialization is unlike anything I've ever witnessed," he added. Key to realizing its space dreams the company's high level of vertical integration. SpaceX does most of its work itself. Roughly 60% of the components on a Boeing jet are sourced from suppliers, estimates Herbert. That number for SpaceX is closer to 10%. The space business is still new. That number of outsourced parts could change as the relatively new commercial space industry matures, but SpaceX doesn't want its growth to be gated by supplier issues. To be sure, not everything will go right for SpaceX. Timelines will shift to the right as inevitable hiccups occur. Still, what SpaceX is trying to accomplish is impressive. "I just remember walking in [Starbase] and feeling like...I'm looking at the future," said Herbert. "If they can pull it off, it's unprecedented." Herbert rates SpaceX stock as Buy and sets a $225 price target for the shares. Jonas rates shares Buy. His price target is $300. The average analyst price target for SpaceX stock currently sits at about $242, valuing all that potential at roughly $3.2 trillion.
SpaceX shares continue to fall. Where will they end up?
You're reading a free article with opinions that may differ from The Motley Fool's Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More Shares in Elon Musk's Space Exploration Technologies Corp (NASDAQ: SPCX), more commonly known as SpaceX, again fell below the company's $150 opening price over the weekend as opinions diverge on where the stock will end up. SpaceX shares still in the black The historically large SpaceX initial public offering priced the company's shares at US$135 apiece, so those who got in before the company listed are still sitting on gains and would have made a tidy profit if they sold out at the US$225.64 high achieved shortly after listing. The shares have generally drifted lower since that peak was reached, however, and closed Friday's session at US$145.30, not far off their lowest mark of US$145.07. This means that almost everyone who bought on-market would be under water on their investment currently. The stock was included in the NASDAQ 100 index on Tuesday last week, however this failed to significantly bolster the stock. So where to from here for SpaceX shares? The Tradingview website has collated the views of 29 analysts with price predictions on SpaceX shares, with the average share price forecast coming out at US$242.21. However this is distorted by one analyst prediction of a price of US$800 per share on SpaceX shares. Perhaps more useful is the fact that 24 analysts have rated the stock a strong buy, three a buy, while one rates it a sell and one a strong sell. Motley Fool US contributor Manali Pradhan has crunched the numbers on SpaceX's 2027 revenue range and forward sales multiple to come up with an implied market capitalisation, and says US$220 per share is a reasonable base case estimate. As she wrote: Analysts expect SpaceX's 2027 revenue to range from $54.8 billion to $85 billion, with an average estimate of $72.4 billion. Applying a forward sales multiple of 38.5 to 41 times to the 2027 base case revenue estimate yields an implied market capitalization of about $2.79 trillion to $2.97 trillion. Using roughly 13.1 billion shares outstanding, that points to a share price in the range of $213 to $227 at the end of 2026. Long-term vision on SpaceX shares needed The difficulty in valuing SpaceX stems from the fact that of its three divisions, only one - the Starlink "connectivity" division is profitable. The rocket launch and AI divisions are still burning money, with investors needing to buy into the promise that they will in time turn a profit. The company's initial public offer prospectus stated that for the first three months of 2026, the Space division lost US$662 million, the AI division lost US$2.47 billion, and the connectivity division made a profit of US$1.19 billion. The company believes its business opportunity is huge however, saying in the prospectus, "We believe that space represents the largest economic frontier in human history", and suggesting that they will be building AI infrastructure in space, powered by the "virtually limitless" power of the sun, for the benefit of mankind.
This Vanguard ETF Would Have Quadrupled Your Money Over the Last Decade. History Says Now Is a Smart Time to Invest. (It's Likely to Outperform SpaceX, Too.)
We're all looking for solid investments for our portfolios, right? It's easy to focus on big-name high-flying stocks, such as Nvidia or Micron Technology. But there's also some risk there, as many highfliers end up overvalued and poised to fall extra-hard in a market pullback. (And a market pullback is far from unlikely these days.) So permit me to suggest a terrific investment that you might not have taken seriously enough: a simple, low-fee S&P 500 index fund. A splendid example is the Vanguard S&P 500 ETF (NYSEMKT: VOO). It's an exchange-traded fund (ETF) -- a fund that trades like a stock. Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue " Meet the Vanguard S&P 500 ETF Like any good S&P 500 index fund, the Vanguard S&P 500 ETF features low fees. While some actively managed mutual funds might charge you 1% or more of your assets each year, this fund charges 0.03% -- or just $3 annually for every $10,000 you have invested in it. It tracks the S&P 500, of course -- an index of roughly 500 of the biggest stocks in America. Together, they make up about 80% of the value of the entire U.S. stock market, which is why the S&P 500 is often used as a proxy for the total U.S. stock market. Together, the index's recent top 10 components make up about 38% of the index's value by weight. Here they are as of July 9: Data source: Slickcharts.com, as of July 9, 2026. Like many indexes, the S&P 500 is market-cap-weighted, with bigger companies wielding more influence than smaller ones. The fund has a solid record. Check out its average annual return over the last three, five, and 10 years (as reported by Morningstar on July 9): * Last three years: 21.26% * Last five years: 13.11% * Last 10 years: 15.36% Over the last decade, these compounded annual returns would have quadrupled your money. Why invest in the Vanguard S&P 500 ETF? Here are several reasons to invest:
In SpaceX, OpenAI, Anthropic IPOs, how a funding tap could open for Indian start-ups
SpaceX's $75-billion Initial Public Offering (IPO) last month made it the world's largest listing, well ahead of the $25.6 billion raised by Saudi Aramco in late 2019. What SpaceX's IPO also did was to set the stage for what may be equally gargantuan listings in the artificial intelligence (AI) space: OpenAI and Anthropic. And the returns from these three IPOs could open the tap for thirsty Indian start-ups. According to data compiled by private market intelligence platform Tracxn for The Indian Express, the 54 Private Equity (PE) and Venture Capital (VC) firms that have backed SpaceX, Anthropic, and OpenAI have deployed $57.8 billion across 1,376 rounds in Indian technology companies between 2016 and June 2026. Investments in Indian space-tech firms have been just $160 million, with 12 of the 54 participating in four rounds. Apart from validating Elon Musk's confidence in his space-plus-AI company, SpaceX's IPO also made profits for those PE firms and VCs who invested early enough. Consider, for instance, Peter Thiel's Founders Fund, whose $600 million investment in SpaceX was worth more than $50 billion at the company's IPO price of $135, according to a Bloomberg report, which added that Andreessen Horowitz's return from its investment in SpaceX would be the biggest in its history. SpaceX's IPO valued it at $1.8 trillion. In June, both Anthropic and OpenAI had confidentially filed for a listing. While the latter wants to be valued at $1 trillion in its IPO, Anthropic in May said it had raised $65 billion at a valuation of $965 billion. Explained | AI giants, SpaceX gear up for IPOs: Are these companies overvalued, and can Indians invest in them "Historically, successful exits have strengthened the ability of VC and PE firms to raise larger successor funds," said Neha Singh, Tracxn's Co-founder. "Given that India already features in the active portfolios of these 54 firms, a recovery in investment activity is plausible as fresh capital is raised and redeployed." At the same time, Singh cautioned that it is difficult to estimate how much capital may come to India as IPO proceeds are primarily distributed to Limited Partners rather than directly increasing General Partner deployment capacity. The scope However, there are "early signs of capital recycling". Story continues below this ad Take, for instance, Chicago-based VC firm Valor Equity Partners, whose 4% stake in SpaceX was worth around $70 billion at the IPO price. According to reports, Valor is looking to raise $2.5 billion by the end of 2026. But whether any of that money will reach Indian shores is up in the air given Valor's focus on deep tech, defence, and late-stage AI infrastructure in the US, Singh of Tracxn said. Also in Explained | Orbital data centres, extraterrestrial energy: Detailing Musk's ambitions with $1.75 bn SpaceX IPO "As a result, any meaningful increase in India allocations is more likely to emerge over the medium term as successor funds are raised and deployed, rather than as an immediate post-IPO outcome," she added. According to private capital data provider PitchBook, liquidity conditions in Asia-Pacific are improving. This suggests "the region's capital recycling cycle is beginning to repair after several years of constrained realisations," it said in a report late last month. Earlier this year in February, Peak XV had said it had raised $1.3 billion for its new India Seed, India Venture, and APAC funds. Story continues below this ad To be sure, there are differences in how the SpaceX-Anthropic-OpenAI investors have poured money into US and Indian firms. In India, while 71% of the investments of these 54 firms have been at the seed or early stage, 93% of the money in companies such as SpaceX, Anthropic, and OpenAI was at the late-stage. This, Singh of Tracxn said, reflects a "deliberate strategy of concentrating capital behind a small number of category-defining companies rather than following their typical investment pattern" which sees them invest just 12% at the late stage across the US portfolio. Whatever the money and stage, overseas funds will be welcomed not just by the start-ups but even Indian policymakers, with the Indian economy seemingly having sleepwalked into an exodus of foreign capital over the last couple of years as repatriation of past investments piled up rapidly, totalling $150 billion over 2023-24, 2024-25, and 2025-26. This is equal to 61% of gross Foreign Direct Investment (FDI) into the country, resulting in net FDI over the aforementioned three years being a mere $18 billion. Story continues below this ad In 2025-26, Indian start-ups raised $11.7 billion, down 18% from the previous year, according to Tracxn. As it is, private credit is becoming increasingly popular, with Moody's Ratings estimating the size of the Indian market doubled in the last five years to $25 billion at the end of 2025.
This Vanguard ETF Would Have Quadrupled Your Money Over the Last Decade. History Says Now Is a Smart Time to Invest. (It's Likely to Outperform SpaceX, Too.)
We're all looking for solid investments for our portfolios, right? It's easy to focus on big-name high-flying stocks, such as Nvidia or Micron Technology. But there's also some risk there, as many highfliers end up overvalued and poised to fall extra-hard in a market pullback. (And a market pullback is far from unlikely these days.) So permit me to suggest a terrific investment that you might not have taken seriously enough: a simple, low-fee S&P 500 index fund. A splendid example is the Vanguard S&P 500 ETF (VOO +0.46%). It's an exchange-traded fund (ETF) -- a fund that trades like a stock. Meet the Vanguard S&P 500 ETF Like any good S&P 500 index fund, the Vanguard S&P 500 ETF features low fees. While some actively managed mutual funds might charge you 1% or more of your assets each year, this fund charges 0.03% -- or just $3 annually for every $10,000 you have invested in it. It tracks the S&P 500, of course -- an index of roughly 500 of the biggest stocks in America. Together, they make up about 80% of the value of the entire U.S. stock market, which is why the S&P 500 is often used as a proxy for the total U.S. stock market. Together, the index's recent top 10 components make up about 38% of the index's value by weight. Here they are as of July 9: Data source: Slickcharts.com, as of July 9, 2026. Like many indexes, the S&P 500 is market-cap-weighted, with bigger companies wielding more influence than smaller ones. The fund has a solid record. Check out its average annual return over the last three, five, and 10 years (as reported by Morningstar on July 9): * Last three years: 21.26% * Last five years: 13.11% * Last 10 years: 15.36% Over the last decade, these compounded annual returns would have quadrupled your money. Why invest in the Vanguard S&P 500 ETF? Here are several reasons to invest: * It's a good time to do so (there's rarely a bad time, if you're a long-term investor). * It makes investing easy, plopping you into roughly 80% of the U.S. stock market with one "buy" order. * It offers diversification -- when one company or industry falls, the others can offset that to some degree. For greater diversification, check out the Invesco S&P 500 Equal Weight ETF (RSP +0.38%), which weights each of the 500 companies in the index equally. * It's likely to outperform many growth stocks, especially overvalued ones -- including, arguably, Space Exploration Technologies, also known as SpaceX. Consider, for example, that the S&P 500's price-to-sales ratio was recently 3.7, while SpaceX's was 74.7. The S&P 500 has a solid track record, averaging annual gains of close to 10% over many decades, but many growth stocks are far less proven. * The index is designed to perform well, as lagging components are regularly removed to make way for up-and-coming companies. Take a closer look at this ETF to see if it's a good fit for your needs.
NDAQ:SPCX Forum Post | Tradinghands-37050885 | Tesla merger with SpaceX won't save investors | Space Exploration Technologies Corporation
Space Exploration Technologies Corp. provides satellite-based broadband services in the United States, Ireland, Canada, and internationally. The company's Connectivity segment operates a high-speed, low-latency broadband network powered by various Starlink satellites in low-earth orbit, delivering connectivity to various consumer, enterprise, and government customers through its Starlink offering. Its Space segment designs, manufactures, and launches reusable rockets to provide access to space. It offers launch services for the deployment of payloads to intended orbits for commercial and government customers utilizing Falcon 9 and Falcon Heavy; and launch and development for the development of spacecraft and the provision of launch and mission services for government agency space programs utilizing Falcon 9, Falcon Heavy, Starship, and Dragon. The company's AI segment operates a vertically integrated AI platform spanning a frontier LLM Grok; AI solutions for consumer and enterprise ...
Could AI Pay Americans $1 Million Each? New Think Tank Forecast Sparks Jim Chanos' SpaceX Jab: 'Seems Reasonable'
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. The AI Futures Project, a non-profit initiative that forecasts the future of artificial intelligence, recently outlined a proposal for a citizen's dividend by the U.S. government following AI-induced unemployment. Citizen's Dividend to Provide $1 Million Per Person By 2035 In the AI 2040 Plan A, the non-profit says that by 2033, AI-induced unemployment would rise due to the advent of millions of AI agents boosting productivity. "Across a variety of companies, there are now 60 million AI agents running continuously at 20x human speed," the project said. The non-profit then mentions a plan that involves the American government distributing the "majority of compute and robot permit fees as a Citizen's Dividend... to all American adults." The plan mentions the dividend starting at $45,000 per person in 2032, but climbing to $1 million per person by 2035 and $10 million by 2040. The plan also predicts AI reaching a labor share of 85% by 2035. The initiative also predicts the U.S. government "distributing an average of $1,200 per person per year to the rest of the world's adult population" of around 4 billion people. The plan excludes China because it would be "experiencing a similar AI wealth boom." The plan says it will reach $10k by 2035. Earlier, OpenAI was reportedly offering the President Donald Trump administration a 5% stake in the company amid CEO Sam Altman's past proposal for a universal basic capital model that involved distributing a small share of AI-generated wealth. Jim Chanos Weighs In Taking to the social media platform X on Thursday, short-seller James Chanos weighed in on the predictions. "At about the same time $SPCX's valuation exceeds global GDP. Seems reasonable," he said, pointing to Space Exploration Technologies Corp.. At about the same time $SPCX's valuation exceeds global GDP. Seems reasonable. https://t.co/cdQb9SpHfR -- James Chanos (@RealJimChanos) July 9, 2026 Trending: Avoid the #1 Investing Mistake: How Your 'Safe' Holdings Could Be Costing You Big Time SpaceX to Be Worth More Than Earth The comments come as SpaceX CEO Elon Musk had said that the company would be worth more than the entire planet in the future. "You don't seem to understand that SpaceX will be worth more than the rest of Earth if we accomplish our goals," Musk had said.
Palantir CEO has a blunt verdict on OpenAI and Anthropic
Palantir posted the highest revenue growth rate in its history in the first quarter of fiscal year 2026. U.S. commercial revenue jumped 133%. The company raised its full-year guidance by 10 points. By any operational measure, things are going well. And yet Alex Karp walked onto CNBC's Squawk Box and started criticizing the entire foundation of the AI business model. He wasn't talking about Palantir's competitors in the traditional sense. He was talking about the companies whose technology his own platform runs on top of. "I'm not throwing shade at them," he told viewers, "but something has gone completely wrong." What Karp said about OpenAI and Anthropic on live television The problem, in Karp's telling, is tokens. The way OpenAI and Anthropic sell AI access, metered by token consumption, has created a dynamic he says enterprises are increasingly fed up with. "The basic view among enterprises in this country is I'm going to chillax and waste my time with tokens, I'm gonna get no value, and they're gonna get my IP," Karp told CNBC. When co-anchor Andrew Ross Sorkin said "that sounds like shade," Karp pushed back: "No, no. This is reporting." He said customers are shifting away from what he called "tokenmaxxing" toward open-weight models that deliver similar output at a fraction of the cost. The ROI conversation is changing. Enterprises are asking harder questions about what they are actually getting for what they are spending, and a lot of them are not liking the answer. Palantir's stock rose 8% that day. Before the interview, the company had published a 9-point "AI sovereignty" manifesto on X, setting the philosophical stage for what Karp was about to say publicly. Why Karp says data ownership is the real AI fight The deeper argument Karp made was about control. Enterprises and governments, he said, want to own their compute, their models, their data stack, and their alpha. The word he kept coming back to was ownership. "They want to know they own the means of production. It's not being transferred to someone else." That framing extended into territory that goes well beyond enterprise software. Karp said it would be "insane" to hand battlefield or government applications entirely over to AI labs, effectively outsourcing sensitive decisions to a small group of Silicon Valley companies operating by consensus.
Anthropic Acknowledges $16.6 Million Billing Error, User Reveals Repeated Charge Attempts Blocked Bank Card, Four-Day Support Ordeal
South Korean user says repeated charge attempts continued after Anthropic admitted a $16.6m billing error. A South Korean Claude user says Anthropic's erroneous £12.2 million ($16.6 million, about ₩22.8 billion) billing demand led to repeated charge attempts that blocked his primary credit card, even after the company admitted the mistake. He says he then spent four days trying to get a clear response from support as he sought confirmation that the invalid invoices had been cancelled and his account cleared. The incident first came to light after the user, who said he was on Anthropic's free tier with no billable API usage, revealed invoices that escalated from about £1.23 million ($1.67 million) to £12.2 million ($16.6 million) within 24 hours. Anthropic has since confirmed the billing error and said no money was taken, while the user's latest posts describe the disruption that followed and his efforts to resolve it. 'It Wasn't Handled Properly' The user said the billing error became a customer support issue long after the invoices were issued. In updates shared on Threads, he said he contacted Anthropic repeatedly over four days, sending about 18 emails as he sought confirmation that the charges had been cancelled and his account had been cleared. He said repeated payment attempts reached his bank and resulted in his primary credit card being blocked, despite no money ultimately leaving the account. 'I still think it wasn't handled properly,' he wrote. The user said he expected a more urgent response given the size of the erroneous invoices. 'It seems like the urgent fire has been put out, but personally, I don't understand how they could release an automatic email after causing a billions-won invoice error,' he wrote. Even after the case was escalated, the notification advising that a human would review the matter came from Anthropic's Fin AI Agent, informing him that the issue had been forwarded to the company's Privacy Team. Anthropic Admits Billing Mistake And Explains What Went Wrong Anthropic later told the customer that an incorrect auto-reload setting had generated invalid payment requests. In an email shared by the user, the company said it disabled the setting as a precaution, restored the account's billing configuration and confirmed that no funds had been collected. 'No money left your account,' Anthropic said. 'Our payment processor attempted a charge at the invalid amount and it was declined... Nothing was collected, and you owe nothing.' The company also said the incident 'was not the result of unauthorized access' and advised the user to re-enable the auto-reload feature if he wished to continue using automatic API credit top-ups. Invoice Jumped More Than £11 Million In Just 24 Hours The dispute began on 7 July when the user received a failed payment notice seeking about £1.23 million ($1.67 million). Less than a day later, a second invoice arrived requesting £12.2 million ($16.6 million, about ₩22.8 billion). Because both payment notices came through Anthropic's official billing system and Stripe, the company's payment processor, the user said he initially investigated whether one of his own AI automation projects could somehow have generated the charges. After inspecting his AI agents, automation scripts, scheduled tasks and account credentials, he said he found no billable Anthropic API keys or other evidence that could explain the invoices. As a precaution, he cancelled his Claude Max subscription and suspended the payment card linked to the account. 'I'll Follow Up' The user said he plans to continue documenting the incident while waiting for additional responses from Anthropic. In a Threads update posted after receiving the company's explanation, he said he had sent a total of 18 emails and asked Anthropic to respond by Monday afternoon Korean time. 'I have scheduled a meeting with the reporter, and I think I can tell you more details around Tuesday afternoon or Wednesday,' he wrote. He also encouraged others to reference his experience, adding: 'If you don't mind, you can share the conversation or use the article as a reference... Just be careful not to distort the information.'
