News & Updates
The latest news and updates from companies in the WLTH portfolio.
'Compute lasts forever': SpaceX gets fresh Wall Street coverage
Investing.com -- Several Wall Street banks initiated coverage of Space Exploration Technologies on Tuesday, setting price targets ranging from $190 to $300, with the spread largely reflecting how differently analysts value SpaceX's AI and satellite businesses. Morgan Stanley set the highest bar, starting the stock at Overweight with a $300 target, flanked by an "intentionally wide $75 bear case and $600 bull case." Analysts led by Adam Jonas pitched SpaceX as holding "an 'X of 1' position in space infrastructure," and argued the market is underappreciating the company's terrestrial data-center economics, where it estimates costs run at half the industry average. They also flagged the funding gap behind that growth, projecting SpaceX will need roughly $84 billion a year in outside capital from 2027 through 2034 before the business turns free-cash-flow positive. RBC initiated at Outperform with a $225 target, based on about 15 times its 2029 EBITDA estimate. The broker's thesis centers on compute as a durable moat, writing that "AI models and applications may come and go, but compute lasts forever." RBC named Starship's flight-test cadence as the top near-term catalyst for the stock, alongside the pending Cursor acquisition and the rollout of Starlink's next-generation V3 satellites. Stifel initiated coverage with a Buy rating and a $190 target, the lowest of the four. The firm's thesis is built around launch economics, arguing that "lowest cost to orbit wins everything above it." Stifel credits Falcon 9's reusability with pushing launch costs to roughly $3,000 per kilogram, a level it says no competitor has matched, but applies a lighter multiple to the AI segment specifically, citing execution risk around orbital data centers that remain unproven at commercial scale. Finally, UBS set its target at $210 with a Buy rating, sizing the combined launch, connectivity and AI opportunity at nearly $30 trillion if Starship performs as expected. The bank forecast revenue and EBITDA growing at roughly 70% and 90% annual rates through 2031, with launch costs falling to about $200 per kilogram from roughly $1,000 currently. UBS views the stock as offering investors "a call option" on Elon Musk's plans to make life multiplanetary, while keeping that scenario outside its base case. The fresh coverage comes less than a month after SpaceX's Nasdaq debut. The company priced its IPO at $135 a share on June 12 and raised about $86 billion, the largest offering on record. Shares have traded above that level since, closing Monday at $160.42, though still well below the roughly $225 high the stock reached in its first weeks of trading.
Here's Who Owns the Most SpaceX Stock
The question of who owns the most stock means more when you're asking about Space Exploration Technologies (NASDAQ: SPCX) than when you're asking about a typical public company. The June 2026 IPO floated a thin slice of the business -- nearly 4.3% of the equity -- which means the people and firms who held shares before the debut own the rest. The ownership structure that developed across two private decades when SpaceX was a private company is the one that governs it now that it's public, and it puts a small number of names in charge of a $2 trillion enterprise. Elon Musk owns the most SpaceX stock There is no contest at the top. Elon Musk holds close to 42% of the equity, a stake worth more than $1 trillion at the IPO valuation. Musk's block sits under a lockup that lasts until June 2027, with no early release provision, so the largest holder is a seller of nothing for the first year on the market. 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 outside investors who own the most SpaceX stock Behind Musk, the biggest holder is a name many investors miss. Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL), the parent of Google, owns close to 7% of SpaceX, a position that can be traced to a $1 billion investment it made alongside Fidelity in January 2015 (Alphabet invested $900 million, with Fidelity contributing the remaining $100 million). That single check turned Google into the largest outside shareholder in the company, a bet on rockets from a search and advertising business. The early venture backers hold the most striking returns rather than the largest slices. Founders Fund, a firm co-founded by Peter Thiel, wrote a $20 million check in SpaceX's 2008 Series C round, and that stake is now worth $50 billion. Sequoia Capital, Andreessen Horowitz, and Valor Equity Partners each hold positions of around 2% or below. The February 2026 merger with xAI added new faces to the list, including Nvidia and the Qatar Investment Authority, a sovereign wealth fund. The employees and the public shareholders One large block hides in plain sight. SpaceX pays its workforce with restricted stock units and options, so employees hold a collective stake that the company does not break out in its filings. That group has waited years for the tender offers, and the staggered lockup schedule that lets them sell, and the size of their holdings is one of the least visible parts of the ownership story.
Why TeraWulf (WULF) Is Down 13.2% After Signing a 20-Year AI Data Campus Lease with Anthropic - And What's Next
* In early July 2026, TeraWulf announced that its subsidiary Raylan Data LLC entered a 20-year Justified Data Campus lease with Anthropic, committing approximately 401 MW of critical IT load at its Hawesville, Kentucky data center campus and targeting about US$19.00 billions in contracted revenue over the initial term. * The agreement signals a shift in TeraWulf's business mix, as it leans into long-duration, high-performance computing infrastructure for artificial intelligence alongside selling non-core assets. * We'll examine how this long-term Anthropic lease, and the move toward AI-focused recurring revenue, reshapes TeraWulf's investment narrative. Uncover the next big thing with 20 elite penny stocks that balance risk and reward. What Is TeraWulf's Investment Narrative? To own TeraWulf today, you need to believe the company can successfully pivot from loss‑making bitcoin mining into a capital‑intensive, AI infrastructure platform with long‑dated, contracted cash flows. The new 20‑year Anthropic lease, with about US$19.00 billions in contracted revenue backed by investment‑grade credit, materially tilts the story toward recurring, high‑performance computing income and away from more volatile digital asset exposure. In the near term, the key catalysts shift to execution milestones: securing and building out the roughly 401 MW at Hawesville on time and budget, closing the US$530 million Abernathy sale, and managing dilution after recent equity raises. At the same time, the biggest risks now look less about pure bitcoin prices and more about construction, funding and delivering on very large AI commitments without further eroding an already weak balance sheet. However, the size of these AI commitments introduces new execution and funding risks that investors should be aware of.The analysis detailed in our TeraWulf valuation report hints at an inflated share price compared to its estimated value. Exploring Other Perspectives Five Simply Wall St Community fair value estimates span roughly US$18 to US$57.04, reflecting wide dispersion in expectations. Against that backdrop, TeraWulf's huge Anthropic lease and ongoing losses may pull opinions even further apart, so it is worth weighing several viewpoints before deciding how this evolving AI story fits into your portfolio. Explore 5 other fair value estimates on TeraWulf - why the stock might be worth over 2x more than the current price! Form Your Own Verdict Don't just follow the ticker - dig into the data and build a conviction that's truly your own.
Why TeraWulf (WULF) Is Down 13.2% After Signing a 20-Year AI Data Campus Lease with Anthropic - And What's Next
* In early July 2026, TeraWulf announced that its subsidiary Raylan Data LLC entered a 20-year Justified Data Campus lease with Anthropic, committing approximately 401 MW of critical IT load at its Hawesville, Kentucky data center campus and targeting about US$19.00 billions in contracted revenue over the initial term. * The agreement signals a shift in TeraWulf's business mix, as it leans into long-duration, high-performance computing infrastructure for artificial intelligence alongside selling non-core assets. * We'll examine how this long-term Anthropic lease, and the move toward AI-focused recurring revenue, reshapes TeraWulf's investment narrative. Uncover the next big thing with 20 elite penny stocks that balance risk and reward. What Is TeraWulf's Investment Narrative? To own TeraWulf today, you need to believe the company can successfully pivot from loss‑making bitcoin mining into a capital‑intensive, AI infrastructure platform with long‑dated, contracted cash flows. The new 20‑year Anthropic lease, with about US$19.00 billions in contracted revenue backed by investment‑grade credit, materially tilts the story toward recurring, high‑performance computing income and away from more volatile digital asset exposure. In the near term, the key catalysts shift to execution milestones: securing and building out the roughly 401 MW at Hawesville on time and budget, closing the US$530 million Abernathy sale, and managing dilution after recent equity raises. At the same time, the biggest risks now look less about pure bitcoin prices and more about construction, funding and delivering on very large AI commitments without further eroding an already weak balance sheet. However, the size of these AI commitments introduces new execution and funding risks that investors should be aware of.The analysis detailed in our TeraWulf valuation report hints at an inflated share price compared to its estimated value. Exploring Other Perspectives Five Simply Wall St Community fair value estimates span roughly US$18 to US$57.04, reflecting wide dispersion in expectations. Against that backdrop, TeraWulf's huge Anthropic lease and ongoing losses may pull opinions even further apart, so it is worth weighing several viewpoints before deciding how this evolving AI story fits into your portfolio. Explore 5 other fair value estimates on TeraWulf - why the stock might be worth over 2x more than the current price! Form Your Own Verdict Don't just follow the ticker - dig into the data and build a conviction that's truly your own.
A More Than 80% Chance of a Tesla and SpaceX Merger? It Could Be a Game Changer.
Wedbush analyst Dan Ives has put the likelihood of a merger between Tesla (NASDAQ: TSLA) and Space Exploration Technologies (NASDAQ: SPCX) at more than 80% over the next year, as the potential deal fits Elon Musk's broader artificial intelligence (AI) and data strategy. Tesla invested $2 billion in SpaceX earlier in 2026, and that investment has given Tesla nearly 19 million SpaceX shares, representing less than 1% of SpaceX's outstanding shares. 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 " Now, the bigger question for Tesla investors is whether a full merger would create a stronger AI, energy, connectivity, and robotics platform or dilute Tesla shareholder value by adding SpaceX's losses, heavy spending needs, and governance risks. Increasing credibility of the merger case SpaceX's June 2026 IPO has given the company a public stock price for the first time, which makes a possible stock-based merger of the two Elon Musk companies easier to value and structure. SpaceX would bring a growth engine that Tesla does not have. In 2025, SpaceX revenue rose to $18.7 billion, with the Starlink-powered connectivity unit accounting for about $11.4 billion of sales. Starlink's satellite internet user base had reached nearly 10.3 million by the end of the first quarter of 2026. If Tesla and SpaceX merge, Starlink would add a recurring-revenue business tied to satellites, consumer connectivity, and future mobile services. Tesla is already spending heavily on AI, robotics, custom chips, and manufacturing capacity. The company raised its 2026 capital spending plan to more than $25 billion, up from its earlier $20 billion forecast. Tesla also expects negative free cash flow for the rest of 2026, despite generating $1.44 billion in free cash flow in the first quarter. A merger with SpaceX could position Tesla as a broader platform company and create a more vertically integrated platform spanning AI, energy, mobility, and connectivity. Tesla would bring vehicles, robotaxis, Optimus robots, energy storage, and software-led services that generate customer demand. SpaceX would bring satellites, launch capacity, mobile connectivity, AI infrastructure, and xAI-related software needed to connect, power, and scale that platform. Potential synergies Reuters reported that SpaceX and xAI bought about $650 million in goods and services from Tesla in 2025, including $506 million in Tesla Megapack batteries and $131 million in Cybertrucks. With Tesla already supplying energy storage and vehicles to other Musk-controlled businesses, a merger could build on existing business relationships rather than relying solely on promised future synergies.
Anthropic Could Be a $1 Trillion IPO This Fall. These 2 Stocks Already Own a Piece.
The next giant public offering is already in motion. Anthropic, the artificial intelligence (AI) company behind the Claude models, confidentially filed to go public on June 1, on the heels of a funding round that raised $65 billion at a $965 billion valuation. Its reported annualized revenue is approaching $50 billion, and a listing reportedly could come as early as this fall. The trajectory behind those numbers has few precedents. Anthropic's reported revenue run rate was about $4 billion as recently as last July, and expectations reportedly call for $10.9 billion of revenue in the second quarter alone. Only a handful of companies listed on U.S. exchanges carry a market value above Anthropic's last private mark. 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 " Individual investors, of course, can't buy shares yet. But two of the market's most familiar names bought in years ago, and their stakes have quietly become staggeringly large paper windfalls: Amazon (NASDAQ: AMZN) and Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL). Which stock gives investors the better claim on the debut? Run the stakes. 1. Amazon: the bigger, quieter stake Amazon invested $8 billion in Anthropic convertible notes from Q3 2023 to Q4 2025, with portions later converted to nonvoting preferred stock. The company has never disclosed an ownership percentage. But estimates built from its filings put the stake in the mid-to-high teens, worth perhaps $135 billion to $160 billion at Anthropic's current valuation -- and Amazon has committed to invest up to $20 billion more. By April, the position -- $42.2 billion of convertible notes plus $32 billion of nonvoting preferred -- was already carried at more than $74 billion on paper, before the latest round could mark it higher. The mark-ups are already flowing through Amazon's results. In the first quarter, it recognized $16.8 billion of pre-tax gains included in non-operating income from its Anthropic investments -- more than 40% of its pre-tax income for the period. Set the stake against Amazon's own size, and the leverage shows. At a market value of about $2.6 trillion, a $150 billion position amounts to nearly 6% of the company. A $1 trillion IPO price would push it higher still. 2. Alphabet: the capped stake with a complication Alphabet's position is more precisely known. Court documents put it at roughly 14% of Anthropic in straight equity, contractually capped at 15% -- worth about $135 billion at the last private valuation. And in April, the company reportedly committed up to $40 billion more, with $10 billion arriving immediately and the rest tied to milestones.
Anthropic's Claude Available in Microsoft Corporation (MSFT) Foundry Powered by Nvidia GPUs
Microsoft Corporation (NASDAQ:MSFT) is one of the top AI stocks to buy according to billionaire Philippe Laffont. On June 30, Microsoft Corp (NASDAQ: MSFT) confirmed the general availability of Anthropic's Claude models in Foundry. Organizations can now run Claude within their Azure environments while leveraging Microsoft authentication, billing, and governance controls. Ken Wolter / Shutterstock.com Claude Models in Microsoft Foundry are hosted in Azure infrastructure powered by Nvidia's GB300 Blackwell Ultra GPUs. The deployments follow a partnership among Microsoft, Nvidia, and Anthropic, covering Claude's availability on Nvidia-accelerated computing. Enterprises will be able to build through the existing Microsoft Azure account. Teams will also build agentic applications that run their work with Claude in an environment they already operate in. It is an important step for customers looking to build agentic applications and plan to move from AI experimentation to production. Microsoft acknowledges that Anthropic remains the seller and operator of Claude models in Microsoft Foundry. It also acts as an independent data processor for prompts and outputs. Foundry Agent Service will also use Claude as a reasoning core for multi-step planning, tool use, and task execution across various enterprise systems. Microsoft Corporation (NASDAQ:MSFT) integrates artificial intelligence across its entire business ecosystem. Their AI operations span three primary pillars: AI Infrastructure & Cloud Services, Enterprise & Personal Productivity, and Fundamental AI Research. While we acknowledge the potential of MSFT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. Disclosure: None. Follow Insider Monkey on Google News.
Anthropic Strengthens Alphabet Inc. (GOOGL)'s Google Cloud Positioning in Enterprise AI Development
Alphabet Inc. (NASDAQ:GOOGL) is one of the top AI stocks to buy according to billionaire Philippe Laffont. On June 30, Alphabet Inc. (NASDAQ:GOOGL)'s Google Cloud's positioning in enterprise AI development received significant support from Anthropic. Anthropic launched Claude Apps Gateway for Google Cloud and Amazon Bedrock, a development that centralizes policies, enables role-based access, and provides per-user cost contribution. Additionally, the new gateway securely manages upstream credentials, authenticates developers, and reports usage to a customer. The new features align with Google Cloud's enterprise-first strategy and assert Alphabet's growing credentials as a preferred platform for modular AI development. Meanwhile, on June 30, Morgan Stanley reiterated an Overweight rating on Alphabet and raised the price target to $415 from $375.The new price target represents significant upside potential, as the stock has dropped about 10% over the past month to about $353 a share. According to the investment bank, Alphabet's fundamentals are improving into 2027 and 2028, presenting a tactical buying opportunity as an AI stock. Alphabet Inc. (NASDAQ:GOOGL) is a leader in artificial intelligence, providing solutions across every layer of the technology stack. Through Google and deep-tech research labs, Alphabet builds generative AI models like Gemini, self-driving vehicles (Waymo), AI hardware and cloud infrastructure, and AI-driven medical breakthroughs (Isomorphic Labs). While we acknowledge the potential of GOOGL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. Disclosure: None. Follow Insider Monkey on Google News.
Anthropic Strengthens Alphabet Inc. (GOOGL)'s Google Cloud Positioning in Enterprise AI Development
Alphabet Inc. (NASDAQ:GOOGL) is one of the top AI stocks to buy according to billionaire Philippe Laffont. On June 30, Alphabet Inc. (NASDAQ:GOOGL)'s Google Cloud's positioning in enterprise AI development received significant support from Anthropic. Anthropic launched Claude Apps Gateway for Google Cloud and Amazon Bedrock, a development that centralizes policies, enables role-based access, and provides per-user cost contribution. Additionally, the new gateway securely manages upstream credentials, authenticates developers, and reports usage to a customer. The new features align with Google Cloud's enterprise-first strategy and assert Alphabet's growing credentials as a preferred platform for modular AI development. Meanwhile, on June 30, Morgan Stanley reiterated an Overweight rating on Alphabet and raised the price target to $415 from $375.The new price target represents significant upside potential, as the stock has dropped about 10% over the past month to about $353 a share. According to the investment bank, Alphabet's fundamentals are improving into 2027 and 2028, presenting a tactical buying opportunity as an AI stock. Alphabet Inc. (NASDAQ:GOOGL) is a leader in artificial intelligence, providing solutions across every layer of the technology stack. Through Google and deep-tech research labs, Alphabet builds generative AI models like Gemini, self-driving vehicles (Waymo), AI hardware and cloud infrastructure, and AI-driven medical breakthroughs (Isomorphic Labs). While we acknowledge the potential of GOOGL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. Disclosure: None. Follow Insider Monkey on Google News.
Here's Why Meta Platforms, Inc. (META) is Restricting Engineers from Using Anthropic's Claude
Meta Platforms, Inc. (NASDAQ:META) is one of the top AI stocks to buy according to billionaire Philippe Laffont. On June 29, reports emerged indicating Meta Platforms, Inc. (NASDAQ:META) is restricting its engineers from using Anthropic's Claude Code and OpenAI's Codex. The restriction comes amid concerns that outputs from the AI tools could end up in the company's AI training data through distillation. Bloomua / Shutterstock.com The Information reports that Meta Platforms has instructed its teams to pause certain tasks that use third-party AI models. The point of concern is that allowing rival AI outputs to seep into Meta's training data could trigger escalations with partner companies. Therefore, the concern is not purely about competitive intelligence. Meanwhile, Google has reportedly placed a limit on Meta's use of Gemini AI models. The restriction comes on the social networking giant gaining access to more computing capacity that Google could provide. In March, the search giant warned Meta that it was not in a position to provide all the Gemini capacity required. Meta Platforms, Inc. (NASDAQ:META) invests tens of billions in AI infrastructure to power its platforms and drive hardware innovation. Meta AI operates as a multimodal assistant integrated across WhatsApp, Instagram, Messenger, and Facebook. It also develops and open-sources the Llama family of large language models, allowing developers and organizations to build custom AI. While we acknowledge the potential of META as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. Disclosure: None. Follow Insider Monkey on Google News.
Anthropic's Claude Available in Microsoft Corporation (MSFT) Foundry Powered by Nvidia GPUs
Microsoft Corporation (NASDAQ:MSFT) is one of the top AI stocks to buy according to billionaire Philippe Laffont. On June 30, Microsoft Corp (NASDAQ: MSFT) confirmed the general availability of Anthropic's Claude models in Foundry. Organizations can now run Claude within their Azure environments while leveraging Microsoft authentication, billing, and governance controls. Ken Wolter / Shutterstock.com Claude Models in Microsoft Foundry are hosted in Azure infrastructure powered by Nvidia's GB300 Blackwell Ultra GPUs. The deployments follow a partnership among Microsoft, Nvidia, and Anthropic, covering Claude's availability on Nvidia-accelerated computing. Enterprises will be able to build through the existing Microsoft Azure account. Teams will also build agentic applications that run their work with Claude in an environment they already operate in. It is an important step for customers looking to build agentic applications and plan to move from AI experimentation to production. Microsoft acknowledges that Anthropic remains the seller and operator of Claude models in Microsoft Foundry. It also acts as an independent data processor for prompts and outputs. Foundry Agent Service will also use Claude as a reasoning core for multi-step planning, tool use, and task execution across various enterprise systems. Microsoft Corporation (NASDAQ:MSFT) integrates artificial intelligence across its entire business ecosystem. Their AI operations span three primary pillars: AI Infrastructure & Cloud Services, Enterprise & Personal Productivity, and Fundamental AI Research. While we acknowledge the potential of MSFT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. Disclosure: None. Follow Insider Monkey on Google News.
Here's Why Meta Platforms, Inc. (META) is Restricting Engineers from Using Anthropic's Claude
Meta Platforms, Inc. (NASDAQ:META) is one of the top AI stocks to buy according to billionaire Philippe Laffont. On June 29, reports emerged indicating Meta Platforms, Inc. (NASDAQ:META) is restricting its engineers from using Anthropic's Claude Code and OpenAI's Codex. The restriction comes amid concerns that outputs from the AI tools could end up in the company's AI training data through distillation. Bloomua / Shutterstock.com The Information reports that Meta Platforms has instructed its teams to pause certain tasks that use third-party AI models. The point of concern is that allowing rival AI outputs to seep into Meta's training data could trigger escalations with partner companies. Therefore, the concern is not purely about competitive intelligence. Meanwhile, Google has reportedly placed a limit on Meta's use of Gemini AI models. The restriction comes on the social networking giant gaining access to more computing capacity that Google could provide. In March, the search giant warned Meta that it was not in a position to provide all the Gemini capacity required. Meta Platforms, Inc. (NASDAQ:META) invests tens of billions in AI infrastructure to power its platforms and drive hardware innovation. Meta AI operates as a multimodal assistant integrated across WhatsApp, Instagram, Messenger, and Facebook. It also develops and open-sources the Llama family of large language models, allowing developers and organizations to build custom AI. While we acknowledge the potential of META as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. Disclosure: None. Follow Insider Monkey on Google News.
If You'd Invested $10,000 in the SpaceX IPO, Here's How Much You Would Have Now
Space Exploration Technologies (NASDAQ: SPCX) drew a lot of attention in the weeks leading up to its initial public offering, for many reasons -- from the sheer size of the operation, with SpaceX's goal to become a trillion-dollar company, to the focus on offering shares to retail investors. SpaceX earmarked more than 20% of shares for them, when generally in IPOs, only 5% to 10% go to non-professional investors. Some investors were also eager to get in on SpaceX for its range of growth businesses -- and to gain exposure to a company led by the ambitious Elon Musk. 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 " So, if you happened to be one of the investors who was able to buy shares at the IPO price of $135, and if you had invested $10,000, how much would that be worth now? Let's find out. Why SpaceX has drawn attention First, though, let's talk quickly about SpaceX -- to fully understand why so many sets of eyes were turned toward the company on and before its June 12 market debut. As mentioned, the SpaceX operation promised to be big, pushing the company to a trillion-dollar market cap right out of the gate. The world's other trillion-dollar companies, such as Nvidia and Amazon, for example, had to wait years and even decades to reach such a level. And by the time they did, they already were highly profitable, well-established players. SpaceX, however, is still in earlier growth stages, developing technology and investing to reach its goals. The company's business units of space, connectivity, and artificial intelligence (AI) brought in $18 billion in revenue last year, but capital spending meant the company wasn't able to turn revenue into a profit. Instead, SpaceX reported a loss of $4.9 billion. While SpaceX has scored accomplishments like rocket launches with reusable boosters and growth in satellite-based internet service subscriptions, the company still must invest heavily to reach its biggest goals. And this may weigh on its ability to reach profitability. It also involves risk because a technology setback could call into question a certain revenue opportunity. Elon Musk's big dreams Still, some investors flocked to the company for this focus on innovation, driven by chief Elon Musk, who is known for big dreams -- as head of Tesla, he's deploying robotaxis, and at SpaceX, his most significant goal may be to colonize Mars.
SpaceX Is Set to Join the Nasdaq-100 on July 7. Here's Where History Says the Stock Could Trade 1 Year From Now.
On July 7, Space Exploration Technologies (NASDAQ: SPCX) is scheduled to begin trading as a member of the Nasdaq-100 index. The Nasdaq-100 comprises the 100 largest non-financial companies listed on Nasdaq, weighted by market capitalization. For SpaceX, inclusion in the index represents a significant step toward mainstream recognition beyond technology investors. With that said, history shows that inclusion in the Nasdaq-100 rarely serves as an independent driver of sustained outperformance. 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 " Watch out for momentum traders The anticipation of inclusion in a major index tends to amplify trading volume and expand valuation multiples as momentum traders and growth funds pile in ahead of the official rebalancing date. Let's take a look at what happened with the share prices of some companies that joined the Nasdaq-100 in recent years.
SpaceX Just Changed the Rules for Every Future IPO. The Market is Now Eyeing These 2 Upcoming IPOs.
The first half of 2026 is over, and nothing has sparked more excitement on Wall Street than blockbuster initial public offerings (IPOs). Investors watched AI chipmaker Cerebras Systems (CBRS) make a stunning debut with its IPO in May, proving that demand for next-generation artificial intelligence (AI) companies remains exceptionally strong. Then came Elon Musk's SpaceX (SPCX), which has long been one of the world's most sought-after private companies. The long-awaited IPO became the largest in history. The company priced its offering at $135 per share on June 11 and began trading on the Nasdaq under the ticker SPCX on June 12, raising $75 billion at an initial valuation of roughly $1.77 trillion. The stock surged 19% on its debut, briefly lifting SpaceX's market cap above $2 trillion. However, shares have now pulled back amid broader concerns about lofty valuations and the company's aggressive spending plans. SPCX stock is still seeing quite a lot of volatility and is down another 6% as of this writing. It is presently trading just a little above its all-time low price. More News from Barchart These 2 Stocks Could Be Next Founded in 2002, SpaceX remained private for a long time. It repeatedly raised tens of billions from private investors and reached an enormous valuation before considering a public listing. After SpaceX's explosive entry, the market is now looking forward to OpenAI and Anthropic's IPOs. Both companies have taken the first formal step by confidentially filing the draft registration statements with the U.S. Securities and Exchange Commission (SEC). A confidential filing lets a company start the IPO review process while keeping its financial statements and offering details private until a later stage. OpenAI Is Taking a Patient Approach OpenAI is an AI company best known for ChatGPT. The company develops generative AI models and software that allow users and businesses to create content, write code, analyze data, and automate complex tasks. Earlier this month, OpenAI confirmed that it had confidentially filed for a U.S. IPO. However, more recently, Reuters reported that OpenAI is considering delaying its IPO until 2027 rather than rushing to market this year, as it seeks a valuation of up to $1 trillion. This could be because of recent investors' caution towards AI stocks that has led to a broader tech selloff. This decision aligns with SpaceX's strategy to remain private until it has reached enormous scale.
Elon Musk Calls Report on SpaceX AI Handheld Device 'Utterly False' After Claims of an iPhone Rival Sparks Online Buzz
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Elon Musk, the CEO of Space Exploration Technologies Corp., has refuted reports that his company is developing a handheld AI device. Musk took to X and responded to the reports by labeling them as "utterly false". The original post about the report was deleted later on. Utterly false -- Elon Musk (@elonmusk) July 1, 2026 Earlier this year, Musk said a Starlink phone was "not out of the question" and could be AI-optimized, but later clarified that SpaceX is not developing a smartphone. The Report In Question A report by the Wall Street Journal, published on Wednesday, indicated that SpaceX had presented investors with a prototype of a device similar to Apple Inc.'s iPhone, but "slimmer" before the IPO. As per the WSJ article, this device would run on SpaceX's proprietary system, using AI technology from xAI. The device would also include chips from Qualcomm Inc. according to the report. However, the device is reportedly still in the prototype phase, with no official name assigned, and it remains unclear whether it will ever be released to the public. The report comes after SpaceX President Gwynne Shotwell, last month, reportedly informed investors about the company's plans to launch a Starlink retail product for U.S. consumers and build its own terrestrial mobile network. Trending: Avoid the #1 Investing Mistake: How Your 'Safe' Holdings Could Be Costing You Big Time What Do The Analysts Say? An analyst at TD Cowen predicted that SpaceX could pursue an acquisition of T-Mobile US Inc. to expand its wireless ambitions, leveraging its existing Starlink partnership and targeting the growing mobile connectivity market. In its IPO filing, SpaceX estimated a $740 billion addressable market for Starlink Mobile, signaling plans to expand the service and compete with carriers such as Verizon Communications and AT&T. On the other hand, analysts at Vital Knowledge said SpaceX faces significant hurdles in scaling consumer device manufacturing and competing with established platforms, arguing that Elon Musk's companies often receive generous valuations based on ambitious product promises rather than proven consumer products, reported Forbes. "...it's hard to imagine SpaceX becoming a force in consumer electronics," wrote the firm.
Anthropic quietly joins the race to build its own chips
Anthropic has opened early talks with Samsung Electronics to manufacture a custom AI chip, according to a report from Bloomberg. The Claude developer has never built its own silicon before. It has relied entirely on chips rented from Amazon, Google, and Nvidia, and that dependence is now colliding with the soaring cost of running its largest models. The conversations are still preliminary. Anthropic has not decided what the chip will do, how it will fit into a server, or how powerful it needs to be, according to TechCrunch. Samsung declined to comment on the discussions when TechCrunch reached out. Anthropic looks beyond Nvidia for its next chip Anthropic currently depends on Amazon's Trainium chips, Google's Tensor Processing Units, and Nvidia's graphics processors to train and run its models. A diversified hardware stack built on those three suppliers will remain central to its compute strategy, the company told TechCrunch. Nothing about the Samsung talks changes that today. Nvidia controls about 74% of the global AI chip market, according to The Information. That level of concentration gives one company outsized influence over pricing across the industry. Custom silicon, designed around a lab's own model architecture, offers one of the only ways around that math. Anthropic is not moving first. OpenAI unveiled its own custom chip last month, an inference processor called Jalapeno built with Broadcom. Anthropic's Samsung talks surfacing weeks later suggest the industry is quietly hedging against Nvidia dependence. For investors, the read-through lands on the supply side, not on Anthropic itself. Anthropic remains privately held, so there is no direct way to buy into its chip strategy. The companies that stand to gain or lose are the ones building the hardware underneath it. Samsung brings more than manufacturing capacity to the table Samsung is not a random choice for Anthropic. The company was one of three memory chipmakers, alongside SK Hynix and Micron, that invested in Anthropic's $65 billion funding round in May, according to Forbes. Samsung is the only one of those three investors that also operates its own chip foundries. Anthropic is specifically evaluating Samsung's two-nanometer manufacturing process and its advanced chip packaging facilities, according to The Information. Winning a marquee AI client would give Samsung a showcase customer as it works to close the gap with Taiwan Semiconductor Manufacturing, the industry's dominant foundry.
SpaceX (SPCX) to Build Eight‑Mile Natural Gas Pipeline "Starpipe" to Texas Launch Facilities, Reuters Reports
Space Exploration Technologies Corp. (NASDAQ:SPCX) is one of the most promising future stocks to buy right now. Reuters reported on June 25 that, according to county filings, Space Exploration Technologies Corp. (NASDAQ:SPCX) has plans to begin building an eight‑mile (13-km) natural gas pipeline called "Starpipe" to its Texas launch facilities next month. The announcement comes against a backdrop featuring the company's efforts to ramp up launches of its next‑generation Starship rocket. It further reported that, according to a document filed last month with the Texas Railroad Commission by SpaceX affiliate Lone Star Mineral Development and reviewed by Reuters, Starpipe will end at the company's Texas company town of Starbase, and is anticipated to be in service by January 26. Starship is designed to be fully reusable and uses around 630,000 gallons (2.4 million liters) of liquid methane per launch, which is delivered at present by hundreds of tanker trucks in an hours-long process incompatible with Musk's expansion plans. Reuters further reported that Space Exploration Technologies Corp. (NASDAQ:SPCX) did not respond to its request for a comment. Space Exploration Technologies Corp. (NASDAQ:SPCX), operating as SpaceX, is an aerospace manufacturer that also operates as a satellite communications company and launch service provider. It is involved in the design, manufacture, launch, and operation of products and services that are built on cutting-edge technologies, including spacecraft and rockets. While we acknowledge the potential of SPCX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. Disclosure: None. Follow Insider Monkey on Google News.
SpaceX Joined 6 Stocks in the $2 Trillion Club. Here's My Top Pick for July.
Before the end of its first trading day on the Nasdaq, Elon Musk's Space Exploration Technologies (NASDAQ: SPCX), or SpaceX, had joined an elite club: stocks with at least $2 trillion in market capitalization. The club is so exclusive that only six other stocks belong to it. And unlike SpaceX, most of them underperformed in June. Here's my pick for the best one to buy in July. 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 " Biggest of the big The seven largest stocks in the world are currently: *Data as of market close on 6/29/2026. **SpaceX performance since Nasdaq debut at $150/share on 6/12/2026. Aside from TSMC and, of course, SpaceX, all of these huge companies saw big share price declines over the past month. One big reason? Ongoing concerns about how they might be impacted by the current memory shortage. Memory loss High-end memory chips for dynamic random access memory (DRAM) and N-AND flash memory (NAND) are in very short supply, and as a result, they've gotten much more expensive. Yet DRAM and NAND are critical for AI applications and for many consumer devices, such as smartphones and laptops. For Apple, more expensive DRAM and NAND chips mean the company has to accept thinner product margins for its devices that include DRAM and NAND, like iPhones and MacBooks, or pass that cost along to consumers. It had been absorbing the costs, but this month announced it would have to pass the costs on and raised prices on many of its products. Investors punished the stock, concerned that higher costs would hurt sales. For Alphabet, Microsoft, and Amazon, the memory shortage means they'll have to pay more for memory chips for their AI data center build-outs. These "hyperscalers" are already incurring massive AI capital expenditures, which are likely to increase even further in the short term as memory gets more expensive. The market is worried the costs won't justify the eventual benefits. I think these concerns are likely to persist in the short term, which is why I'm not picking any of these stocks as my top July pick.
Here's What the Street Thinks About Cerebras Systems (CBRS)
Cerebras Systems Inc. (NASDAQ:CBRS) is one of the most promising future stocks to buy right now. Cerebras Systems Inc. (NASDAQ:CBRS) received several rating updates following the release of its strong fiscal Q1 2026 results. Morgan Stanley lifted the price target on the stock to $273 from $250 on June 24 and maintained an Overweight rating on the shares after what the firm called "a strong first quarter out of the gates". It further stated that although the IPO happened recently enough that the firm expected solid results with no surprises, and presumed some IPO conservatism built into forecasts, Morgan Stanley believes that the better gross margin guidance "certainly indicates a conservative guidance mindset." The same day, UBS lifted the price target on Cerebras Systems Inc. (NASDAQ:CBRS) to $320 from $300, maintaining a Buy rating on the shares and stating that the company's first post-IPO earnings call is viewed positively after raised guidance and confirmation of an Amazon (AMZN) agreement. It further told investors in a research note that broader customer diversification and accelerating demand for specialized infrastructure could support strong growth through the decade. Cerebras Systems Inc. (NASDAQ:CBRS) is involved in the design and provision of processors for AI training and inference. The company's products include AI model services, inference, Wafer Scale Engine, cloud, processors, and systems. While we acknowledge the potential of CBRS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. Disclosure: None. Follow Insider Monkey on Google News.