News & Updates
The latest news and updates from companies in the WLTH portfolio.
Space stocks tumble after a Blue Origin rocket explodes and SpaceX's valuation gets a reality check
By William Gavin and Barbara Kollmeyer The red-hot space sector was feeling some heat on Friday, cooling from some of the spectacular gains seen in May An image grab obtained on May 29 from UGC video content on the X page of @JConcilus and shared on social media shows Blue Origin's New Glenn rocket exploding during a test flight on May 28 in Cape Canaveral, Fla. The red-hot space sector was feeling some heat on Friday after the dramatic explosion of a Blue Origin rocket, with shares of AST SpaceMobile having their worst day in more than two years. Adding to the gloom was a Bloomberg report that SpaceX (SPCX) is now targeting a valuation of $1.8 trillion, down from $2 trillion. The space sector has been on a tear since Elon Musk's company officially filed to go public last week. What's more, a rocket being tested by Jeff Bezos's Blue Origin dramatically exploded on a launchpad at Cape Canaveral, Fla., late Thursday, lighting up the skies for miles around Florida's Space Coast. That follows last week's partially successful first test of SpaceX's third-generation Starship megarocket, which showed the vehicle deploying 20 dummy Starlink satellites. But the vehicle suffered a few issues during the flight and ended the test with an explosive splashdown in the Indian Ocean. The Federal Aviation Administration is requiring an investigation before Starship can be launched again. Space-sector stocks rose on Tuesday, the first trading day following the SpaceX test, but were dropping fast on Friday. The difference, explained Micah Walter-Range, the president of space consulting firm Caelus Partners, is that SpaceX had already achieved its goals before Starship's incident. Blue Origin, on the other hand, was conducting a standard static fire test that appears to have resulted in a lot of damage. Still, Walter-Range said Friday's market action was an "overreaction." Shares of satellite-to-mobile connectivity company AST SpaceMobile (ASTS) fell as much as 21% on Friday, before losses were pared back to nearly 15% at the close. The stock, which closed at a record high of $133.09 a share Thursday, was still up by about 53.5% in May, according to FactSet data. Launch- and satellite-systems provider Rocket Lab (RKLB) saw its shares fall 3% Friday, while space-exploration company Intuitive Machines' stock (LUNR) ended the day with a 4% decline. Shares of launch provider Firefly Aerospace (FLY) dropped 6%, and space-infrastructure provider Redwire's stock (RDW) fell 5%. Aerospace manufacturer Karman's shares (KRMN) dropped more than 12% Friday, partly due to the Blue Origin mishap. Meanwhile, satellite company Planet Labs' stock (PL) fell nearly 13% on Friday before those losses were almost entirely clawed back by the close. Shares of the Procure Space ETF UFO were down 3.6% at Friday's close. That comes after the ETF recently crossed a milestone of $1 billion in assets under management as investor interest in space has increased. May is set to be the ETF's best month since November 2024, according to Dow Jones Market Data. "If people were looking to sell, OK, here's a negative headline for sure," said ProcureAM CEO Andrew Chanin. "But this is far from a structural contagion of any sort for the overall space economy." See more: Jeff Bezos says Elon Musk's timeline for data centers in space is 'probably not right' Blue Origin has emerged as one of the few rivals to SpaceX with its New Glenn, a partially reusable 322-foot rocket. Thursday's incident puts a damper on Blue Origin's recent string of successes, including its largely successful New Glenn launches. Just days ago, the company won a fresh contract from NASA to deliver payloads to the moon no earlier than this fall. In a post on X, Bezos said that all personnel were "accounted for and safe," and that Blue Origin is working to figure out what went wrong with the launch. NASA Administrator Jared Isaacman said in a statement that the agency will support the investigation. "Spaceflight is unforgiving, and developing new heavy-lift launch capability is extraordinarily difficult," Isaacman said. The incident adds to the uncertainty surrounding the few early rivals to SpaceX's Starlink. Both Amazon (AMZN), which Bezos founded, and AST are relying on New Glenn to launch their satellites to low-Earth orbit. Each has planned to begin commercial service as soon as this year. AST SpaceMobile did not immediately return a request for comment. Less than 48 hours before the mishap, Blue Origin said it would launch 48 Amazon LEO satellites during its fourth New Glenn mission. The third mission had carried an AST BlueBird satellite, which was incorrectly deployed and later deorbited. Amazon said that it has at least three launches scheduled for the next few weeks, including one that could kick off as soon as Friday with the United Launch Alliance's Atlas V rocket. Amazon said it also expects ULA's Vulcan rocket to soon become available after it was grounded earlier this year. AST President Scott Wisniewski said on an earnings call earlier this month that his firm is "optimistic" about Blue Origin and its return to the launch pad after the third New Glenn mission. He also noted that his company has contracted some launches with SpaceX, which plans to send a few BlueBird satellites to orbit in June. For Amazon, the Blue Origin debacle adds to a lengthy list of issues stemming from its launch partners. It's contracted at least 24 launches with New Glenn - more than it has purchased from all but one launch provider, ULA, according to a regulatory filing. In January, Amazon asked the Federal Communications Commission to extend its deadline to deploy half of its planned satellite constellation by July 30. Amazon cited, in part, delays associated with partners ULA, Blue Origin and Arianespace for it falling behind on its plans. Tim Farrar, a satellite-communications consultant, on X said that AST's commercial service could be pushed back to a 2028 launch as a result of the Blue Origin incident. However, William Blair's Louie DiPalma said in a note to clients that carriers and investors will likely forgive AST for the delays if its service "proves exceptional." Still, DiPalma doesn't recommend investors buy the stock, as he rates it at a market-perform rating. Farrar also estimated that, assuming it takes Blue Origin around 15 months to repair its launch pad, Amazon could be delayed on plans to launch some 300 satellites or more. Recovering from Thursday's incident will likely be costly. Bezos said last week that Blue Origin is considering bringing on other investors for the first time. Bezos has been footing the bill for the company since he founded it in 2000, mostly by selling Amazon stock. "It's a good time, actually, to start thinking about the future and bring on some other outside investors," he told CNBC. The mishap isn't great news for SpaceX either. "SpaceX needs some form of competition. They don't want antitrust problems," noted Pierre Ferragu, an analyst at New Street Research who covers a range of companies, including Musk's Tesla (TSLA). See more: How the Globalstar purchase could turn Amazon's Leo into a satellite powerhouse. -William Gavin -Barbara Kollmeyer This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. (END) Dow Jones Newswires 05-29-26 1628ET Copyright (c) 2026 Dow Jones & Company, Inc.
SpaceX wants data centers in space, but global AI chip shortages say no
Elon Musk's orbital data center ambitions face a brutal GPU shortage * SpaceX admits global GPU shortages threaten its orbital AI computing ambitions * Orbital data centers cannot operate without enormous volumes of advanced semiconductor hardware * TeraFab remains uncertain despite massive investment and ambitious semiconductor production goals SpaceX has filed paperwork for its upcoming IPO that reveals a troubling dependency on a handful of GPU suppliers. The company's Form S-1 document openly states that orbital AI ambitions require more chips than the market currently provides. Elon Musk's enterprise procures all its GPUs on a purchase-order basis without any long-term contractual arrangements with direct chip suppliers. Space ambitions collide with a brutal global GPU shortage This purchase approach leaves SpaceX vulnerable to every disruption that hits semiconductor manufacturing, from natural disasters to geopolitical conflicts. The company envisions putting computing infrastructure in space, but that vision requires a volume of GPUs far beyond what any supplier can currently deliver. Major AI chip buyers like Nvidia have already locked down massive supply commitments totaling $145 billion, which pushes smaller purchasers further back in the queue. SpaceX admits that "manufacturing and supply of servers and network equipment for our technical infrastructure, particularly for GPUs and other specialized components, is limited to a small number of qualified suppliers." "Our ability to achieve orbital AI at scale depends on our ability to access a sufficient number of AI chips, significantly more than are currently available to us," the filing SpaceX reads. Orbital data centers cannot launch without these components, and the current procurement strategy offers no protection against shortages. To escape this dependency, SpaceX, together with Tesla and xAI, plans to build TeraFab, a dedicated semiconductor facility in Texas using Intel's 14A process technology. The project requires tens of billions of dollars in investment, yet the S-1 filing explicitly warns that TeraFab may fail. "While we expect to construct Terafab to address such supply constraints, Terafab may not be successful, in which case we may not have other sources of sufficient AI chips to meet our orbital AI compute demands," the document states. Even if construction succeeds, the company expects to continue sourcing most hardware from third-party suppliers This means that the orbital data center plan remains tethered to the same unreliable market. TeraFab still depends heavily upon unstable partnerships and uncertain execution At the moment, the partnership between SpaceX, Tesla, and Intel on TeraFab remains unstable, and there is no legal obligation for any of the parties to remain committed. "While we have a framework agreement with Tesla, neither Tesla nor Intel are obligated to remain a part of the project, and we may not enter into any such definitive agreements," the Form S-1 reads. If either partner departs, TeraFab loses both a significant customer and the process technology developer needed to make the chips. IPO risk factors often include improbable disasters, so these admissions require measured interpretation. Yet SpaceX has identified a concrete bottleneck: orbital data centers demand chips that do not exist in sufficient quantities anywhere on Earth. No amount of rocket reusability or satellite engineering can bypass a foundry's limited wafer output, and TeraFab remains a gamble rather than a guarantee. Via Tomshardware Follow TechRadar on Google News and add us as a preferred source to get our expert news, reviews, and opinion in your feeds.
Ex-Shield AI Worker Sues Over 'Profane' Acts by Senior Official
A new lawsuit accuses a senior official at Shield AI of "profane, egregious acts" of sexual harassment and alleges fraud and safety issues involving other workers at the defense tech startup. Jacob Miller said in his lawsuit that he was placed on "retaliatory administrative leave" in December from his job at the firm. Miller alleges that Trey Lindsey, senior director of customer operations, made sexually explicit and threatening comments about Miller and other staff members and described a gay employee and his husband in offensive terms. In one instance, during the summer of 2024, Lindsey showed Miller a picture of ...
SpaceX secures $4.16B contract from US Space Force for airborne threat tracking
The Space-Based Airborne Moving Target Indicator program represents SpaceX's largest single defense contract to date, adding to a growing Pentagon portfolio. SpaceX just landed a $4.16 billion contract from the US Space Force to build a space-based surveillance system capable of tracking and targeting airborne threats globally. The contract, announced on May 29, falls under a program called the Space-Based Airborne Moving Target Indicator, or SB-AMTI, and it represents a serious escalation in the company's role as a defense contractor. To put that number in perspective: $4.16 billion is nearly double the $2.29 billion contract SpaceX received just three days earlier for a separate Space Data Network Backbone program. In the span of a single week, Elon Musk's rocket company added roughly $6.45 billion in new government defense work to its books. What SB-AMTI actually does The SB-AMTI program aims to build a constellation of satellites designed to identify and track moving airborne targets, including aircraft and cruise missiles, from space. The "targeting" part is key here. This isn't just passive surveillance. The system is intended to feed targeting data into the broader US military kill chain. The broader context matters too. The US Space Force initiated a multi-vendor approach to SB-AMTI back in April 2026, awarding initial contracts to nine different vendors for early-stage capability development. SpaceX winning the $4.16 billion production contract suggests its proposal outperformed the competition, or at minimum, that the Space Force sees SpaceX's satellite manufacturing and deployment infrastructure as the most viable path to fielding the system quickly. SpaceX's defense portfolio is getting large, fast The $2.29 billion Space Data Network Backbone contract, announced May 26, tasks SpaceX with building communications infrastructure that connects military assets across domains. SB-AMTI, by contrast, is the sensor itself. The contracts also align with 2026 National Defense Strategy priorities, which have emphasized space-based capabilities as critical to maintaining military advantage. The SB-AMTI initiative is also closely aligned with the Golden Dome missile defense program, which aims to create an integrated sensor-to-shooter network to enhance ballistic defense measures. What this means for investors SpaceX remains privately held, so you can't buy the stock directly. For defense and aerospace investors, the signal is clear: the government is willing to hand multi-billion-dollar production contracts to commercial space companies, not just study contracts or prototype deals. The week's combined $6.45 billion in new contracts cements SpaceX's position as arguably the most important defense technology company that most retail investors can't actually invest in. Whether that changes through an eventual IPO of Starlink or SpaceX itself remains one of the most watched questions in both aerospace and financial markets.
The race for SpaceX ETFs in Canada is on - Investment Executive
Harvest ETFs, Ninepoint both announced plans this week to launch funds that invest in the industry giant Space Exploration Technologies Corp. (SpaceX) has yet to go public, but hype around the company's anticipated IPO is intensifying in the asset management world. On Thursday, Harvest Portfolios Group Inc. (Harvest ETFs) said it filed a preliminary prospectus with regulators to launch a new ETF that invests in the American space, telecommunications and AI company founded and primarily owned by Elon Musk. And on Friday, Ninepoint Partners LP announced that it has done the same. The proposed single-stock Harvest SpaceX Enhanced High Income Shares ETF would seek to capitalize on the growth potential of the space and satellite company. It also would apply 25% leverage, which can magnify both gains and losses, and an active covered call strategy, aimed at generating enhanced monthly income. The fund, which would be listed with the ticker symbol SPXE and have a 0.4% management fee, is expected to begin trading following SpaceX's IPO, subject to TSX approval. In a written statement, Harvest ETFs president and co-chief investment officer Paul MacDonald said the firm is seeking to launch the new fund because it felt that Canadian investors have had "limited efficient access" to SpaceX, noting that it believes "the long-term growth potential of the aerospace and space infrastructure sector merits a part of a diversified portfolio." The global space economy is projected to be worth US$1.8 trillion by 2035, according to the World Economic Forum and McKinsey & Company. "We identified meaningful investor interest in the space industries and believe the proposed fund structure is a way to help address a genuine gap in the Canadian market," MacDonald added. The fund would join Harvest's suite of single-stock ETFs and leverage the firm's "established expertise in options-based income strategies across its ETF lineup," he said. Ninepoint's proposed single-stock SpaceX HighShares ETF, which would be listed with the ticker symbol SXHI and a 0.29% management fee, is also expected to begin trading following the completion of SpaceX's IPO, subject to TSX approval. SXHI would similarly use a covered call strategy and employ cash borrowing on up to 33% of its unlevered net asset value in an effort to enhance both income and growth potential, the firm said in a release. "SpaceX is one of the most anticipated public listings of this generation, and Canadians have told us they want a familiar, professionally managed way to participate when it comes to market," said John Wilson, co-CEO, managing partner and chief investment officer at Ninepoint, in the release. "With the Ninepoint SpaceX HighShares ETF, we are applying the same disciplined covered call and modest-leverage methodology that powers our Ninepoint HighShares platform to deliver the potential for capital appreciation and high monthly income." The news comes just weeks after Global X Investments Canada Inc. launched an ETF that seeks to capitalize on advancements and growth in the global space economy. That ETF tracks the Global X Space Tech Index, which a company spokesperson told Investment Executive is anticipated to include SpaceX, following its IPO. Space-related ETFs have also been taking off in the U.S. in recent weeks, including the US$2.3-billion Tema Space Innovators ETF (NYSE: NASA), US$26.8-million VanEck Space ETF (Nasdaq: WARP) and US$96.2-billion Roundhill Space & Technology ETF (Cboe BZX: MARS). Citing Morningstar Direct data, Reuters recently reported that these thematic funds have attracted US$1.3 billion in new cash in the last month alone, with total assets under management in the segment reaching US$3.3 billion.
SpaceX secures $4.16B contract from US Space Force for airborne threat tracking
The deal tasks Elon Musk's rocket company with building a satellite constellation that can track aircraft and cruise missiles from low-Earth orbit. SpaceX just landed one of the largest space defense contracts in recent memory. The US Space Force awarded the company a $4.16 billion agreement to develop a satellite-based system capable of tracking and targeting airborne threats globally, including aircraft and cruise missiles. The contract, structured as an Other Transaction Authority (OTA) agreement, covers the Space-Based Airborne Moving Target Indicator program, or SB-AMTI. In English: a constellation of satellites in low-Earth orbit that can watch the skies in real time and tell military commanders exactly where threatening objects are moving. Here's the thing. This isn't even the only massive contract SpaceX picked up this week. Just three days earlier, the company secured a separate $2.29 billion deal for something called the Space Data Network Backbone, a secure military communications system also built on a proliferated satellite constellation. Combined, that's roughly $6.45 billion in Space Force contracts in under a week. What the SB-AMTI program actually does The SB-AMTI program falls under the Space Force's broader Space Based Sensing and Targeting portfolio, which represents a deliberate strategic pivot away from legacy surveillance architectures toward space-based sensors that can deliver real-time situational awareness across any theater of operations. SpaceX was selected from a competitive multi-vendor pool that was announced at the Space Symposium in April 2026. Winning both the SB-AMTI contract and the Space Data Network Backbone deal from the same competitive process signals that the Space Force sees SpaceX as more than just a launch provider. The work will likely be handled through SpaceX's Starshield division, the government-focused arm of the company that builds on Starlink technology but adds enhanced encryption and security features tailored for military and intelligence applications. The bigger picture for space defense The OTA agreement structure is worth noting. Unlike traditional Federal Acquisition Regulation contracts, OTAs give the government more flexibility to work with commercial companies on prototyping and development, designed to move faster and cut through bureaucratic red tape. The competitive vendor pool approach also tells us something about how the Space Force is thinking about acquisition. Rather than a traditional winner-take-all competition decided years in advance, the Space Force established a pool of qualified vendors and then selected from among them. What this means for investors SpaceX remains private, so public market investors can't directly buy shares. But the Space Force is routing billions of dollars toward proliferated low-Earth orbit constellations instead of traditional defense systems, creating both winners and losers across the industry. Traditional defense contractors that have historically dominated military satellite programs, companies like Lockheed Martin, Northrop Grumman, and L3Harris, now face a competitor that can undercut them on cost while matching or exceeding their launch cadence. The risk to watch is concentration. The Space Force awarding two contracts worth a combined $6.45 billion to a single company in one week raises questions about vendor diversification. If SpaceX encounters production delays or technical setbacks on either program, there's no immediate backup.
SpaceX Gets $4.16 Billion Contract From U.S. Space Force to Target, Track Airborne Threats
SpaceX was awarded a $4.16 billion contract by the U.S. Space Force to develop a space-based program to track and target airborne threats. The contract with Elon Musk's aerospace company is designed to accelerate the delivery of a space-based sensing layer as part of the Space-Based Airborne Moving Target Indicator program, Space Force's Space Systems Command said Friday. The program incorporates space-based sensors, secure communication links and ground processing. The Pentagon is currently at work on a shield system known as Golden Dome, a complex network of satellites and other technologies to shoot down missiles. The new technology would complement traditional airborne sensing, the Command said. The award was granted by the Space Force's Portfolio Acquisition Executive for Space Based Sensing & Targeting. In recent years, SpaceX has become increasingly influential in U.S. national security, with a satellite business that serves military and intelligence agencies, The Wall Street Journal reported. Write to Christopher Kuo at [email protected] (END) Dow Jones Newswires May 29, 2026 16:06 ET (20:06 GMT) Copyright (c) 2026 Dow Jones & Company, Inc.
SpaceX Gets $4.16 Billion Contract From U.S. Space Force to Target, Track Airborne Threats
SpaceX received a $4.16 billion contract from the U.S. Space Force to develop a space-based program. SpaceX was awarded a $4.16 billion contract by the U.S. Space Force to develop a space-based program to track and target airborne threats. The contract with Elon Musk's aerospace company is ...
Anthropic nears $1 trillion valuation ahead of possible IPO
AI startup Anthropic has reportedly raised $65 billion in new funding and is nearing a $1 trillion valuation ahead of a potential initial public offering, according to TechCrunch. The fundraising would mark one of the largest capital raises in the history of the artificial intelligence industry. The report highlights growing investor demand for companies developing advanced generative AI systems. Anthropic has emerged as one of the leading AI companies competing with OpenAI, Google and Meta. The company is best known for its Claude family of AI models, which compete directly with ChatGPT and other large language models. Anthropic has focused heavily on AI safety and responsible AI development since its founding by former OpenAI researchers. READ: Anthropic Mythos sparks concerns among the finance community over security risks (April 17, 2026) TechCrunch reported the company is preparing for a potential IPO as investor interest in AI firms continues accelerating. A valuation approaching $1 trillion would place Anthropic among the world's most valuable technology companies. Public market desire for AI investments remains extremely strong despite concerns about industry valuations. Anthropic has already secured major backing from Amazon and Google. Amazon previously invested $5 billion into the company while making Anthropic's models available through its cloud platform. Google has also deepened partnerships involving cloud computing and AI infrastructure support. The massive fundraising effort reflects increasing competition for AI chips, data centers, cloud infrastructure and engineering talent. Training advanced AI models now requires enormous computing power and billions of dollars in infrastructure spending. Access to capital is said to be one of the biggest competitive advantages in AI development. READ: National Security Agency is reportedly using Anthropic's Mythos (April 20, 2026) The AI industry has seen aggressive investment activity over the past two years as companies race to dominate generative AI markets. Firms like OpenAI, xAI, Google, Meta and Anthropic are competing across enterprise software, cloud services and consumer AI products. Investors increasingly view AI as the next major technological platforms after smartphones and cloud computing. The scale of Anthropic's reported fundraising shows how central AI has become to global technology investment. Governments, investors and corporations worldwide are rapidly spending on AI research and infrastructure. AI related funding has become one of the dominant drivers of venture-capital activity globally.
SpaceX Gets $4.16 Billion Contract From U.S. Space Force to Target, Track Airborne Threats
SpaceX was awarded a $4.16 billion contract by the U.S. Space Force to develop a space-based program to track and target airborne threats. The contract with Elon Musk's aerospace company is designed to accelerate the delivery of a space-based sensing layer as part of the Space-Based Airborne Moving Target Indicator program, Space Force's Space Systems Command said Friday. The program incorporates space-based sensors, secure communication links and ground processing. The Pentagon is currently at work on a shield system known as Golden Dome, a complex network of satellites and other technologies to shoot down missiles. The new technology would complement traditional airborne sensing, the Command said. The award was granted by the Space Force's Portfolio Acquisition Executive for Space Based Sensing & Targeting. In recent years, SpaceX has become increasingly influential in U.S. national security, with a satellite business that serves military and intelligence agencies, The Wall Street Journal reported.
The race for SpaceX ETFs in Canada is on - Investment Executive
Harvest ETFs, Ninepoint both announced plans this week to launch funds that invest in the industry giant Space Exploration Technologies Corp. (SpaceX) has yet to go public, but hype around the company's anticipated IPO is intensifying in the asset management world. On Thursday, Harvest Portfolios Group Inc. (Harvest ETFs) said it filed a preliminary prospectus with regulators to launch a new ETF that invests in the American space, telecommunications and AI company founded and primarily owned by Elon Musk. And on Friday, Ninepoint Partners LP announced that it has done the same. The proposed single-stock Harvest SpaceX Enhanced High Income Shares ETF would seek to capitalize on the growth potential of the space and satellite company. It also would apply 25% leverage, which can magnify both gains and losses, and an active covered call strategy, aimed at generating enhanced monthly income. The fund, which would be listed with the ticker symbol SPXE and have a 0.4% management fee, is expected to begin trading following SpaceX's IPO, subject to TSX listing approval. In a written statement, Harvest ETFs president and co-chief investment officer Paul MacDonald said the firm filed the preliminary prospectus to launch the new fund because it felt that Canadian investors have had "limited efficient access" to SpaceX, noting that it believes "the long-term growth potential of the aerospace and space infrastructure sector merits a part of a diversified portfolio." The global space economy is is projected to be worth US$1.8 trillion by 2035, according to the World Economic Forum and McKinsey & Company. "We identified meaningful investor interest in the space industries and believe the proposed fund structure is a way to help address a genuine gap in the Canadian market," MacDonald added. The fund would join Harvest's suite of single-stock ETFs and leverage the firm's "established expertise in options-based income strategies across its ETF lineup," he said. Ninepoint's proposed single-stock SpaceX HighShares ETF, which would be listed with the ticker symbol SXHI and a 0.29% management fee, is also expected to begin trading following the completion of SpaceX's IPO, subject to TSX listing approval. SXHI would similarly use a covered call strategy and employ cash borrowing on up to 33% of its unlevered net asset value in an effort to enhance both income and growth potential, the firm said in a release. "SpaceX is one of the most anticipated public listings of this generation, and Canadians have told us they want a familiar, professionally managed way to participate when it comes to market," said John Wilson, co-CEO, managing partner and chief investment officer at Ninepoint, in the release. "With the Ninepoint SpaceX HighShares ETF, we are applying the same disciplined covered call and modest-leverage methodology that powers our Ninepoint HighShares platform to deliver the potential for capital -appreciation and high monthly income." The news comes just weeks after Global X Investments Canada Inc. launched an ETF that seeks to capitalize on advancements and growth in the global space economy. That ETF tracks the Global X Space Tech Index, which a company spokesperson told Investment Executive is anticipated to include SpaceX, following its IPO. Space-related ETFs have also been taking off in the U.S. in recent weeks, including the US$2.3-billion Tema Space Innovators ETF (NYSE: NASA), US$26.8-million VanEck Space ETF (Nasdaq: WARP) and US$96.2-billion Roundhill Space & Technology ETF (Cboe BZX: MARS). Citing Morningstar Direct data, Reuters recently reported that these thematic funds have attracted US$1.3 billion in new cash in the last month alone, with total assets under management in the segment reaching US$3.3 billion.
Anthropic Launches Claude Opus 4.8: Revolutionary AI Enhancements in Coding and Reasoning
Anthropic has released Claude Opus 4.8, its latest AI model with significant improvements in coding, reasoning, and agent skills. Liputan6.com, Jakarta - Anthropic officially launched Claude Opus 4.8 on May 28, 2026. This latest artificial intelligence (AI) model is a significant upgrade from the previous version, Claude Opus 4.7, promising more advanced and efficient capabilities. This launch marks a major step forward for Anthropic in providing more powerful AI tools for a variety of needs. This upgrade aims to provide users with more effective AI collaborators, with a focus on coding capabilities, agent skills, and reasoning. Claude Opus 4.8 comes with a variety of new features and performance optimizations designed for complex tasks. This model builds on Opus 4.7 with improvements across various benchmarks. This model is already widely accessible through claude.ai, the Claude API, Amazon Bedrock, Google Cloud Vertex AI, and Microsoft Foundry.
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SpaceX gets $4.16 billion US Space Force deal for airborne threats program
May 29 : The U.S. Space Force said on Friday it has awarded Elon Musk's IPO-bound SpaceX a $4.16 billion deal for a program designed to sense and track airborne targets from space. The Space-Based Advanced Moving Target Indicator (SB-AMTI) is designed as an interconnected system-of-systems, combining space-based sensors, secure communications links and ground processing to drive closer cooperation across the government space industrial base. The Space Force said there are several companies in this SB-AMTI vendor pool, including SpaceX, and it will issue multiple awards in the coming year. "This initial award is projected to field a constellation of satellites by 2028, providing the Joint Force with an early capability to eliminate operational blind spots," it said in a statement. SpaceX, which unveiled its plans for an initial public offering earlier this month, is targeting a valuation of more than $1.75 trillion. Earlier this week, the Space Force awarded SpaceX a $2.29 billion contract to build a secure, high-speed satellite communications network to connect military sensors and weapons platforms across the globe.
Anthropic becomes most valuable AI startup, beats OpenAI with near $1T valuation
Anthropic has reportedly become the world's most valuable AI startup, overtaking rival OpenAI. The development comes after Anthropic announced a massive new $65 billion fundraising round, valuing the company at a staggering $965 billion. The fundraising could also mark Anthropic's final major private funding round before the company potentially debuts on the public markets. Anthropic is currently locked in a high-stakes battle with OpenAI for technological supremacy and market share in the rapidly expanding AI industry. Both companies are reportedly preparing to tap public markets, possibly as early as this year, to secure the enormous computing resources required to power their AI services and train next-generation models. Anthropic has struggled to keep up with rising demand in recent months. The company has introduced usage limits during peak hours and has even encouraged users to shift activity to off-peak timings by offering additional compute access during those periods. In a post about the funding, Anthropic said the fresh capital will help it "expand compute to meet growing demand for Claude," among other efforts. Anthropic's valuation has surged rapidly Anthropic's latest valuation marks a massive jump from its $380 billion valuation in February. By comparison, OpenAI's last fundraising round in March valued the company at $852 billion. The sharp rise highlights Anthropic's rapid emergence as one of the biggest competitors in the AI race, as well as growing investor demand for stakes in frontier AI companies. "Since our Series G in February, adoption has continued to grow across global enterprise customers, and our run-rate revenue crossed $47 billion earlier this month," Anthropic said in a blog post. Samsung, Amazon and chipmakers join funding round The latest fundraising round also included strategic infrastructure partners such as Samsung, SK Hynix, and Micron. A portion of the round, around $15 billion, reportedly consists of previously committed investments from hyperscalers, including a $5 billion investment from Amazon that was announced in April. Anthropic also launches new Claude model The fundraising announcement arrived on the same day Anthropic unveiled its new Claude Opus 4.8 model. The company says the latest AI model offers stronger capabilities in agentic tasks, advanced coding, and improved honesty and self-correction. Anthropic is also reportedly preparing for a wider release of models comparable to its powerful cybersecurity-focused AI system Mythos. The company had previously limited access to Mythos because of concerns around potential safety risks.
Anthropic Opens Milan Office To Support Italian Enterprise, Research, And Developers
Anthropic announced the opening of a new office in Milan, marking its sixth European location alongside offices in London, Dublin, Paris, Zurich, and Munich. The expansion is designed to support Italian enterprises, researchers, and developers as they build and scale applications with Claude while promoting responsible AI adoption. The Milan office arrives as discussions around artificial intelligence continue to gain momentum across Italy's business, academic, and public sectors. The announcement follows the release of Magnifica Humanitas, Pope Leo XIV's first encyclical and the first papal teaching dedicated to artificial intelligence. Anthropic co-founder Chris Olah participated in the encyclical's presentation, where he discussed the ethical implications of AI and emphasized the importance of involving religious institutions, governments, academia, and civil society in shaping the technology's future. Anthropic said its advanced AI capabilities and commitment to safety have already attracted a growing base of Italian enterprise customers. Led by Thomas Remy, Head of Southern Europe, the company's local team is working with organizations across multiple industries, including Generali Group and Unipol Group in financial services, Angelini Pharma and Bracco Group in life sciences, Enel Group in energy, and Pirelli in automotive. The company has also partnered with JAKALA, a European data and AI company, to deploy Claude across more than 3,000 seats. Anthropic said the deployment is helping free up approximately 70% of senior team members' time for higher-value client work. Italian technology companies and startups have also adopted Claude. Satispay, a financial super app serving more than six million users, used Claude across its engineering teams and reportedly compressed an 18-month roadmap into seven months while accelerating updates to its core payment system. Meanwhile, at Bending Spoons, Anthropic said a majority of code changes are now co-authored using Claude Code. Beyond enterprise adoption, Anthropic is engaging with Italy's creative industries. During Milan Design Week, the company partnered with Alcova Milano to host workshops for designers, demonstrating how Claude can integrate with tools used by industrial, furniture, and spatial design professionals to support their creative workflows. Anthropic said its Milan team will help support Italian businesses, researchers, entrepreneurs, and cultural institutions while contributing to broader conversations about the responsible development and deployment of AI technologies. KEY QUOTE: "We are here to support Italian enterprise, Italian research, and Italian culture through a safe AI transition. Italy is a country that has always embraced profound transformation and we are optimistic about what frontier AI can do for this country, from its largest industrial groups to its founders, its universities, and its cultural institutions."
SpaceX Lowers IPO Valuation Target to at Least $1.8 Trillion
SpaceX is currently targeting a valuation of at least $1.8 trillion in its initial public offering, according to people familiar with the matter, as Elon Musk's company promising data centers in space nears its debut. Bloomberg News reported in April that the company was aiming for a valuation above $2 trillion. The rocket, data and artificial intelligence firm's target is settling lower after consultations with advisers and investors, the people said, asking not to be identified as the information isn't public. Details of an IPO such as size and valuation are typically adjusted ahead of pricing based on feedback ...
SpaceX targets $1.8T IPO valuation with NASDAQ debut by June 2026
The "SpaceX IPO closing market cap above $1.8T?" market is currently priced at 91.5% YES, up from 84% 24 hours ago. The "Will SpaceX IPO by June 30, 2026?" market is priced at 94.7% YES, showing minor fluctuation from 94% a day ago. ## Key Takeaways - The report of SpaceX lowering its IPO valuation target to at least $1.8 trillion suggests strong market confidence in the company. - The acceleration of IPO preparations with a potential Nasdaq debut by June 12 indicates a likely IPO occurrence by the end of June 2026. - The reported valuation and IPO timeline appear consistent with the markets' pricing of a high likelihood of the IPO exceeding various market cap thresholds. ## Article Body SpaceX, led by Elon Musk, is reportedly lowering its IPO valuation target to at least $1.8 trillion, reflecting robust market confidence. This move comes as the company accelerates its IPO preparations, aiming for a Nasdaq debut as early as June 12, with a roadshow expected to begin in early June. SpaceX, which operates Starlink and has significant U.S. defense ties, plays a strategic role in the U.S.-China-Russia space competition. The $1.8 trillion valuation reflects the company's importance in U.S. strategic space infrastructure, rather than any immediate military conflict changes. ## Market Interpretation The report of SpaceX's adjusted IPO valuation target and accelerated timeline appears to be supportive of YES outcomes in related markets. The impact is considered high, as evidenced by the increased pricing in the market for SpaceX's IPO closing market cap above $1.8 trillion, rising from 84% to 91.5% YES. The news supports the likelihood of the IPO occurring by June 30, 2026, as reflected in the consistent pricing of the market for the IPO timeline. ## What to Watch Watch for official announcements regarding SpaceX's IPO filing and roadshow schedule, as these could further influence market pricing. The role of key actors, such as Elon Musk and major investment banks, will be critical in confirming the IPO's progress. Additionally, any geopolitical developments involving space infrastructure and related technologies could impact market perceptions and valuations. Get prediction market intelligence as a structured API feed. Early access waitlist.
Anthropic Surges Past OpenAI; Nears $1 Trillion Valuation
Anthropic PBC raised $65 billion in a funding round that valued the artificial intelligence company at $965 billion including the new investment, eclipsing rival OpenAI's value for the first time. The funding, announced Thursday, was led by Altimeter Capital, Dragoneer, Greenoaks and Sequoia Capital. Each of the lead investors put in more than $2 billion, according to people familiar with the matter. Sequoia declined to comment. The other three firms did not respond to a request for comment. Alphabet Inc.'s Google contributed several billion dollars to the round as part of a previously announced commitment to invest up to $40 billion in Anthropic over time, according to people familiar with the matter. Amazon.com Inc. invested $5 billion in the round, also as part of a prior commitment, Anthropic said in a blog post. Google declined to comment. Micron Technology Inc., Samsung Electronics Co. and SK Hynix Inc. also contributed an undisclosed amount, helping to push the round well above Anthropic's initial $30 billion target. The large round came together in a matter of weeks, a sign of strong investor demand for the Claude maker. In late April, Anthropic had been weighing whether to pursue new financing at a more than $900 billion valuation after receiving several inbound proposals, Bloomberg News has reported. The artificial intelligence startup then kicked off advanced discussions earlier this month. Founded in 2021 by a group of former OpenAI employees, Anthropic has since emerged as a leader in the AI sector. Anthropic has developed a series of AI tools aimed at overhauling the way businesses handle tasks from coding to cybersecurity. Anthropic and OpenAI are both expected to go public as soon as this fall, Bloomberg News has reported. Anthropic is still expected to proceed with an IPO on that timeline after the latest funding, one person said. Anthropic declined to comment. Anthropic expects to post $10.9 billion in revenue for the second quarter, more than doubling from the prior three-month period as demand surges for its AI software, Bloomberg News has reported. The company is also on pace for its first profitable quarter. The company has told investors that its annualized run rate revenue will surpass $50 billion by the end of next month, people familiar with the matter said. Anthropic's run rate, a metric that projects full-year revenue based on sales from a shorter period, was $4 billion in July of last year. OpenAI was most recently valued at $852 billion in a funding round completed in March. The company is expected to confidentially file draft paperwork to go public in the coming days or weeks. (This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.) Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories -- On NDTV Profit.
EU braces for talks with Anthropic on access to Mythos AI model
European Commission officials are planning to meet with Anthropic PBC to seek more information on the company's Mythos model and request making the groundbreaking artificial intelligence tool available to the bloc, according to people familiar with the matter. Officials from the commission were set to visit San Francisco on Thursday for meetings with representatives from the AI startup to learn more about Mythos' capabilities, according to one of the people, all of whom asked not to be identified because the plans are still taking shape.
Anthropic releases Claude Opus 4.8 with broad gains
Anthropic has released Claude Opus 4.8, the latest version of its flagship AI model, introducing updates aimed at software development, autonomous workflows and enterprise use cases while keeping standard pricing unchanged. The new model replaces Claude Opus 4.7 and is available immediately through Claude applications and the Claude API. Alongside the model upgrade, Anthropic has introduced new controls that allow users to adjust the amount of computational effort devoted to individual tasks and expanded workflow capabilities in Claude Code. Model updates Anthropic said Opus 4.8 delivers improvements across coding, reasoning, agentic workflows and knowledge-based tasks. The company stated that one of the main areas of progress is model reliability. Internal evaluations found the model is less likely to make unsupported claims and more likely to identify uncertainties or potential errors in its own work. Anthropic said Opus 4.8 is around four times less likely than its predecessor to overlook flaws in code without flagging them to users. The company also reported improvements in alignment assessments, including measures related to user autonomy, user interests and rates of misaligned behaviour such as deception or cooperation with misuse. Workflow tools A key addition accompanying the release is a feature called Dynamic Workflows, currently available as a research preview within Claude Code. The feature allows Claude to break large projects into multiple tasks handled by parallel agents operating within a single session. Anthropic said the system can plan work, run hundreds of sub-agents and verify outputs before presenting results to users. According to the company, the capability can be applied to software engineering projects involving codebase migrations across hundreds of thousands of lines of code. Claude Code users also gain access to new effort settings. These controls allow users to choose how much reasoning and computation the model applies to a task. Higher effort settings are intended for more complex problems and longer-running workflows. Lower effort settings prioritise speed and reduce token consumption. Anthropic said Opus 4.8 defaults to a high-effort mode, which it considers the best balance between response quality and efficiency. API changes The company also announced updates to the Messages API. Developers can now place system instructions directly within the messages array, allowing guidance and operational parameters to be adjusted during a task without interrupting prompt caching or requiring a new user message. Anthropic said the change could help developers modify permissions, token budgets and environment settings while agents are running. Customer testing Several technology companies and enterprise users participated in early testing of Opus 4.8. "On our long-running evals, Claude Opus 4.8's analysis was consistently higher quality than prior Opus models. It finished faster and produced richer, more information dense outputs. Overall, a noticeably better signal to noise ratio. The biggest differentiator was Opus 4.8's tendency to proactively flag issues with the inputs and outputs of an analysis, something other models routinely missed and left to the users to catch," said Michael Ran, Sr. Investment Associate, Bridgewater. "Claude Opus 4.8 is the strongest computer-use and browser-agent model we've tested, scoring 84% on Online-Mind2Web, which is a meaningful jump over both Opus 4.7 and GPT-5.5. It stays reflective and on-task in the way our customers' agent workloads need to be reliable end-to-end," said Miguel Gonzalez, Tech Lead, Browserbase. "Claude Opus 4.8 uses tools cleanly and follows instructions with the consistency our autonomous engineering workloads need to keep running unattended. It improves on Opus 4.6 and fixes the comment-verbosity and tool-calling issues we saw with Opus 4.7. This release from Anthropic translates directly into faster capability gains for engineers building on Devin," said Scott Wu, CEO, Cognition. Pricing plans Anthropic said pricing for regular Opus 4.8 usage remains unchanged from Opus 4.7 at USD $5 per million input tokens and USD $25 per million output tokens. The company also introduced a fast mode for Opus 4.8. Anthropic said the mode operates at up to 2.5 times the speed of standard operation and is three times cheaper than comparable fast modes offered for previous models. Fast mode pricing is set at USD $10 per million input tokens and USD $50 per million output tokens. Anthropic also said it is continuing work on future AI models that offer Opus-level capabilities at lower cost and is developing a higher-capability class of systems under its Project Glasswing initiative. The company said a limited number of organisations are already using a preview version of its next-generation model, Claude Mythos Preview, for cyber security applications. Anthropic expects broader availability once additional cyber security safeguards are completed.
