News & Updates
The latest news and updates from companies in the WLTH portfolio.
Indonesia has blocked Polymarket prediction platform
The bet was placed on 21 May, a day after the President announced centralized commodity exports JAKARTA -- Indonesia has blocked prediction market platform Polymarket as part of a crackdown on online gambling, the communications and digital ministry said, days after the site opened betting on whether Prabowo Subianto would leave office before the end of his term. Gambling is illegal in Indonesia and authorities have continued to tighten oversight of online betting. Ministry official Alexander Sabar said in a statement on Friday night that Polymarket was classified in Indonesia as an online gambling platform and that its activities contained elements of betting and speculation on uncertain future events, thereby violating Indonesian law. Polymarket drew attention on Indonesian social media last week after bets appeared on when Prabowo would step down as president. Prabowo's term ends in 2029. The betting market was launched on 21 May, a day after Prabowo announced major plans to centralise control over exports of Indonesia's key commodities such as coal and palm oil. Prabowo's administration has this year come under investor scrutiny over its economic policies. Polymarket did not immediately respond to a Reuters request for comment by email on Monday. The Indonesian government is also tracing all social media accounts affiliated with Polymarket, ministry official Sabar said. Prediction platforms such as Polymarket allow users to profit from forecasts on events including sports and elections, in a multi-billion-dollar industry. Opponents, including several states in the United States, argue that prediction markets are illegal and unlicensed activities under local laws. (YS/LM)
The SpaceX IPO is coming. Here are 2 ways investors could benefit from the space boom
You're reading a free article with opinions that may differ from The Motley Fool's Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More The space economy is having a moment. SpaceX, Elon Musk's rocket and satellite company, is targeting a Nasdaq debut around 12 June 2026 under the ticker SPCX, aiming for a valuation of between US$1.7 trillion and US$2 trillion. This would make it the largest stock market debut in history. The announcement has sent a wave of excitement through the global space sector, with investors scrambling to find ways to gain exposure before and after the listing. For Australian investors, one ASX-listed company and another newly launched ETF offer the most direct and interesting connection to the space boom. Electro Optic Systems Holdings Ltd (ASX: EOS) Electro Optic Systems is primarily known as an ASX defence stock, and for good reason: the company has risen more than 430% over the past twelve months. This is on the back of a record contract pipeline in counter-drone and directed energy systems. However, many investors overlook that EOS also operates a dedicated Space Systems division, providing laser tracking and communications technology to satellite operators worldwide. The EOS Space Systems division is one of only a handful of companies globally that can track, communicate with, and manage satellites using advanced electro-optic laser systems, a capability that becomes increasingly valuable as the number of satellites in low Earth orbit grows exponentially. SpaceX's Starlink constellation alone now has more than 10,300 satellites in orbit, with plans to deploy tens of thousands more. Every satellite launched creates demand for the kind of precision tracking and communications infrastructure that EOS provides. Earlier in 2026, EOS was appointed to the Australian Space Agency's advisory council, a signal of the company's growing relevance in Australia's nascent space sector. Most recently, EOS launched a $175 million capital raising to fund the acquisition of MARSS, a European command-and-control and AI software business that will significantly expand its integrated counter-drone and space systems capability. At its AGM, EOS chair Garry Hounsell confirmed the company's turnaround phase is now complete and that 60% to 80% of its $726 million order book is expected to convert to revenue in 2026 and 2027. Betashares Space Industry ETF (ASX: RCKT) For Australian investors who want exposure to the global space economy without opening an international brokerage account, the Betashares Space Industry ETF offers a timely solution. The fund only debuted on the ASX on 12 May 2026, making it one of the newest and most thematically specific ETFs available to Australian investors. RCKT holds 28 underlying space companies globally, with its two largest positions being Rocket Lab at 13.1% and AST SpaceMobile at 10.2%, giving investors concentrated exposure to the two most talked-about listed alternatives to SpaceX. Other holdings span satellite operators, launch providers, and space infrastructure businesses across the United States, Europe, and Asia. The fund listed at $14 per unit and is already attracting significant interest as the SpaceX IPO draws attention to the broader space economy. For investors who believe the space sector is entering a sustained period of commercial growth but do not want to pick individual winners, RCKT provides a diversified and low-friction way to participate in the theme on the ASX. Foolish Takeaway The SpaceX IPO will not transform space investing overnight, but it will draw significant attention and capital into the sector in the months ahead. EOS offers ASX investors a rare domestic play on the space economy. The company combines a world-class defence contract pipeline with laser tracking and satellite communications technology that becomes more valuable as the number of objects in orbit grows. RCKT, meanwhile, gives investors a simple, diversified way to back the entire global space economy through a single ASX trade, with Rocket Lab and AST SpaceMobile doing the heavy lifting within the fund. Both carry meaningful risk, and the space sector is not for investors who cannot stomach volatility. But for those with a long-term horizon and conviction in the space economy theme, both deserve serious attention.
Anthropic Reportedly Raising Over $30 Billion At $900+ Billion Valuation
Anthropic is reportedly preparing to close a massive new funding round that could exceed $30 billion at a valuation above $900 billion, according to a Bloomberg report citing people familiar with the matter. The deal, which could close as soon as this week, would position Anthropic ahead of OpenAI as the world's most valuable AI startup. The round is expected to be co-led by major investment firms including Sequoia Capital, Dragoneer Investment Group, Altimeter Capital, and Greenoaks Capital Partners. Each firm is reportedly expected to invest around $2 billion. Existing backers, including Founders Fund and General Catalyst, are also expected to participate. The financing round reportedly came together within weeks, highlighting continued investor enthusiasm surrounding artificial intelligence infrastructure and enterprise software companies. Bloomberg previously reported that Anthropic had been considering raising capital at a valuation above $900 billion after receiving inbound investor interest earlier this spring. Founded in 2021 by former OpenAI employees, Anthropic has rapidly become one of the leading companies in the generative AI sector through its Claude family of AI models. The company focuses heavily on enterprise AI applications, including coding, cybersecurity, automation, and workflow tools. Bloomberg also reported that Anthropic expects to generate $10.9 billion in second-quarter revenue, more than double the previous quarter, while potentially reaching profitability for the first time. The company has reportedly told investors that its annualized revenue run rate could surpass $50 billion by the end of next month, compared to approximately $4 billion in July 2025. Anthropic CEO Dario Amodei recently stated at a conference that the company experienced "80x growth" in annualized revenue and usage during the first quarter of 2026. Amodei also emphasized the company's push to secure additional computing capacity to support increasing demand for Claude and related AI services. To support that growth, Anthropic has secured several major infrastructure agreements. Bloomberg reported that the company reached a nearly $45 billion arrangement with SpaceX and a $1.8 billion agreement with Akamai Technologies to expand computing capacity. Anthropic also continues to work closely with Google for cloud services and AI chips. Google reportedly committed $10 billion to Anthropic earlier this year at a $350 billion valuation, with the potential to invest an additional $30 billion if certain performance milestones are achieved. Amazon has also previously committed $5 billion to Anthropic, alongside plans for future investments totaling up to $20 billion. It remains unclear whether either company will participate in the new financing round. Meanwhile, rival OpenAI was reportedly valued at $852 billion during its March funding round and is expected to confidentially file IPO paperwork soon, according to Bloomberg.
SpaceX, OpenAI, and Anthropic are all going public. Your retirement fund will have to buy in no matter the price
Three companies with trillion-dollar-plus valuations are expected to go public in quick succession. New rules mean major stock indexes are fast-tracking their inclusion, triggering mandatory buying from the index funds that dominate American retirement accounts. Shares in the Japanese investment firm SoftBank hit a record high this Memorial Day, exceeding the valuation of Toyota, thanks to reports that OpenAI -- one of its biggest portfolio companies -- is preparing to go public. The expected initial public offering filing from the ChatGPT-maker follows an out-of-this-world prospectus from SpaceX last week. It's set to become the biggest public market debut in history, with an estimated valuation of $1.75 trillion. OpenAI and Anthropic, which is also predicted to go public this year, are both pushing trillion dollar valuations. Markets have never seen three IPOs of this magnitude in quick succession, and new rules on Wall Street mean index funds -- the kind of investment that dominates American retirement funds -- will be buying into these companies faster than ever before. Stock indexes like the Nasdaq or S&P 500 are just lists of top companies. There are trillions of dollars of investment that just track those lists. Each index has its own methodology for inclusion, like company profit levels or how many shares are available, said New York University finance professor Aswath Damodaran. "What do you do about inclusion criteria that are keeping out some of the largest companies in the market," he said. Well, you change the rules. Several indexes are fast-tracking SpaceX so it will be included in a matter of days rather than months. "So you're going to see massive mandatory buying," said Michael Monaghan at Founder ETFs. Index funds have to buy stock in proportion to a company's size, no matter the price, Monaghan said. This passive investing has grown bigger than funds managed by investors who research companies and make active bets. "The index funds are going to set the price of SpaceX, and the active managers will be the price takers," he said. "That's unprecedented." SpaceX and the AI companies will likely sell relatively few public shares at first, because the rest are locked up with private investors. As a result, competition will be fierce and the price is likely to spike, said Paul Kedrosky, senior fellow at the Massachusetts Institute of Technology's Initiative on the Digital Economy. "It's kind of like that scene in 'Oppenheimer,' where you're gonna set the atmosphere on fire," he said. "The risk is it's a self-perpetuating process that has no natural limit." The more the share price rises, the more index funds have to buy, driving the price ever higher and forcing the sale of other stocks to make room.
Elon Musk Pushes SpaceX Toward June 12 Nasdaq Debut -- Financial Market
SpaceX is projected to begin trading on the financial market on June 12, giving investors a new way to buy into Elon Musk's company. The listing has drawn attention because SpaceX is likely to be valued around $1.5 trillion or higher, after Tesla reached a market value of $1.6 trillion. SpaceX also says its total addressable market is $28.5 trillion. In its filing, the company put its AI segment at a $26.5 trillion opportunity, its connectivity segment at $1.6 trillion, and its space segment at $370 billion. SpaceX Filing Figures The filing also showed heavy spending before the expected debut. SpaceX said research and development costs rose 150% last year to $8.6 billion, while cost of revenue reached $9.5 billion in 2025. Those figures sit alongside losses that have accumulated since the company began operating. As of the end of March, SpaceX reported an accumulated deficit of $41.3 billion, which is the running total of its losses since operations began. March Losses And Revenue The company's most recent quarterly numbers added more pressure to the balance sheet. During the first three months of 2026, SpaceX posted a net loss of $4.3 billion on revenue of $4.7 billion. Investors have been looking for ways to gain exposure to SpaceX before trading begins, and the June 12 Nasdaq debut now gives them a date to watch. The first session will test whether the expected valuation near $1.5 trillion can hold against the company's losses and spending pace. Musk And The Nasdaq Debut Elon Musk owns SpaceX, and the public listing would add a second major market entry point tied to his businesses. For buyers, the immediate question is whether the debut price reflects the company's scale, or the cost of getting there.
SpaceX IPO Spurs Surge in Korean, US Space ETF Investments
Tema Space Innovators and TIGER ETFs attract record inflows as investors pivot from semiconductors to space ahead of SpaceX's Nasdaq debut Investor funds are rapidly shifting toward the space sector ahead of the anticipated initial public offering (IPO) of SpaceX, the aerospace company led by Tesla CEO Elon Musk. Capital that had been flowing into semiconductors is now transitioning to the space industry. According to Securities Information Broadway (SEIBro) on the 26th, the second-most net-purchased ETF by Seohak ants, Korean retail investors buying foreign stocks, on the 21st was the 'Tema Space Innovators ETF,' attracting US$27.88 million (approximately 41.9 billion Korean won) in investments. The ETF's net purchase ranking rose sharply from 7th on the 19th (US$13.19 million) and 27th on the 20th (US$5.95 million) as funds poured in over a short period. The surge in investments into this ETF is attributed to expectations surrounding SpaceX's IPO. The ETF invests in space-related companies, including a special purpose vehicle (SPV) holding SpaceX preferred shares (PFD, 10.7%), Rocket Lab (8.11%), Planet Labs (6.63%), and Filtronic (5.39%). Since SpaceX is a private company and direct investment is impossible, indirect demand is concentrated through the SPV, which holds unlisted shares. As anticipation for SpaceX's listing grows, domestic space-themed ETFs are also seeing inflows. According to KOSCOM ETF Check, the top-funded ETF on the 21st was 'TIGER U.S. Space Tech,' which saw 60.6 billion won in net inflows. The TIGER U.S. Space Tech ETF surpassed 1.3169 trillion won in assets under management on the 21st, just 24 trading days after its listing, setting a record as the fastest passive ETF in South Korea to exceed 1 trillion won. The 'TIGER U.S. Space Tech ETF' comprises space companies such as Rocket Lab (24.97%), Intuitive Machines (18.51%), Redwire (17.73%), and AST SpaceMobile (11.03%). Although it does not invest in SpaceX, expectations that the space industry will attract capital following SpaceX's listing have driven investor sentiment. Analysts note that investment funds previously concentrated in the semiconductor sector are now moving to the space industry. Indeed, the top ETFs by net inflows last week (15-21st) were mostly semiconductor-focused products. At the time, SOL AI Semiconductor TOP2 Plus (63.35 billion won), TIGER Semiconductor TOP10 (62.10 billion won), and KODEX AI Semiconductor TOP2 Plus (43.85 billion won) dominated the rankings. SpaceX is reportedly set to proceed with its IPO as early as June 12. The company submitted an investment prospectus to the U.S. Securities and Exchange Commission (SEC) on the 20th (local time) and applied to list Class A common shares on the Nasdaq and Nasdaq Texas markets. According to foreign media, SpaceX's valuation is estimated at approximately US$1.75 trillion (about 2,635 trillion won) upon listing. This is comparable to the combined market capitalization of Samsung Electronics (about 1,750 trillion won) and SK Hynix (about 1,380 trillion won). SpaceX plans to allocate funds raised through the IPO to expand its artificial intelligence (AI) infrastructure. While its satellite internet service Starlink currently accounts for about 60% of total revenue, the company aims to transition toward an AI infrastructure-focused revenue structure. Kim Il-hyeok, a researcher at KB Securities, stated, "As the cost of Starship launches decreases and safety improves, expectations for building space data centers will grow. Although the S-1 filing notes a high risk of failure for space data centers, these ambitious goals themselves could support SpaceX's valuation." However, experts caution investors to be mindful of structural risks when investing in SpaceX-related ETFs. Ko Kyung-bum, a researcher at Yuanta Securities Korea, advised, "Since SpaceX remains unlisted, direct investment is difficult, necessitating indirect investment through ETFs holding its shares. However, when investing via SPVs, it is challenging to assess actual investor gains or losses, so structural risks must be carefully considered."
SpaceX's IPO Could Create a Hidden Risk for Nasdaq-100 ETF Investors
SpaceX's potential fast entry into the Nasdaq-100 could create a major technical risk for the index and the Invesco QQQ ETF (QQQ) because index funds may be forced to buy a very large amount of the aerospace stock soon after its IPO. Indeed, SpaceX is targeting a Nasdaq listing as early as June 11, and Nasdaq's (NDAQ) updated methodology allows very large new listings to enter the Nasdaq-100 much faster than before if they rank among the biggest eligible companies. However, the risk is that fast index inclusion can create forced buying before the stock has had time to trade normally. If SpaceX enters the Nasdaq-100 quickly, ETFs and index funds tied to the Nasdaq-100 would need exposure to the stock. That could push demand higher in the short term, especially if the public float is limited after the IPO. However, it could also make the index more volatile because SpaceX would likely be a very large company with limited trading history, unclear public-market price discovery, and a valuation that may still be debated by investors. For QQQ holders, the issue is not that SpaceX is a bad company. The issue is that a massive new constituent could increase concentration risk in an ETF that is already heavily weighted toward a small group of mega-cap tech names. If SpaceX rallies, it could help the Nasdaq-100. But if the IPO is overpriced or the stock sells off after forced buying fades, QQQ could feel that pressure too. As a result, passive investors end up getting exposed to a company that hasn't had the chance to develop a long public track record. Turning to Wall Street, analysts have a Strong Buy consensus rating on QQQ ETF based on 88 Buys, 13 Holds, and zero Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average QQQ price target of $817.97 per share implies 14% upside potential.
SpaceX launches rocket from Cape Canaveral on Memorial Day morning. See photos
Add Yahoo as a preferred source to see more of our stories on Google. A SpaceX rocket soared into the Monday morning sky, starting off Memorial Day on Florida's Space Coast with a rumble. Liftoff occurred on time at 7:48 a.m., May 25, from Launch Complex 40 at Cape Canaveral Space Force Station. The mission, known as Starlink 10-47, featured a Falcon 9 rocket carrying the latest batch of Starlink internet satellites to orbit. The rocket rumbled on a northeast trajectory, across the clearing morning sky. Showers had moved through the area overnight, but cleared in time for the liftoff, which marked the 35 of the year for Florida. No Brevard County sonic booms were heard, as the Falcon 9's first stage booster landed on the A Shortfall of Gravitas drone ship in the Atlantic Ocean. When is the next Florida rocket launch? Is there a launch today? SpaceX, NASA, ULA rocket launch schedule in Florida When is the next Florida rocket launch? Early risers are in for a treat, as the next liftoff is also set to occur in the morning hours. The next launch from Florida is set for no earlier than 7:52 a.m. Friday, May 29, from Launch Complex 40 at Cape Canaveral Space Force Station. Residents can expect to see a SpaceX Falcon 9 rocket launch on another Starlink mission. If needed, the May 29 launch window extends until 11:52 a.m. Brooke Edwards is a Space Reporter for Florida Today, part of the USA TODAY Network. Contact her at [email protected] or on X: @brookeofstars. This article originally appeared on Florida Today: SpaceX launches rocket from Florida Memorial Day morning. See photos
SpaceX: 10,000 Launches Annually
Chris Forrester -- Hardly mentioned in the huge SpaceX IPO Prospectus published last Wednesday (May 20) was information repeated by the company's President & COO Gwynne Shotwell, and confirmed by FAA Administrator Bryan Bedford, that SpaceX wants to be launching 10,000 rockets annually within 5 years. Bedford said he met with Shotwell, who told him about the company's ambitious goals. SpaceX conducted 170 launches in 2025 deploying about 2,500 satellites. However, Bedford told journalists after a FAA meeting with the US Senate Committee on Commerce, Science and Transportation, on May 19 that the FAA would need to see greater reliability before approving such a goal. "We need to see a lot more reliability," Bedford told reporters after the forum. Bedford told journalists that he had had a "very frank" discussion with Shotwell, and reminded journalists that Donald Trump wants to get to the Moon before 2028 [and ahead of the US general elections due in 2028]: "To do that, we are going to have to work with industry to unlock that innovation," Bedford added. The 10,000 launch target sounds crazily ambitious but when you mix the daily routine of building and replacing Starlink satellites, adding Version-3 satellites, plus launching Dragon cargo and astronaut missions to the International Space Station, as well as building up orbital data centres (a promised 1 million craft) and not forgetting Lunar ambitions and the obligations that would be placed on SpaceX for human support on the Moon, and the target seems much more reasonable. Then there's Mars. Whether the world will see any activity in Musk's oft-repeated ultimate Mars ambition is to establish a self-sustaining, million-person civilization on the Red Planet to ensure humanity becomes a multi-planetary species, is currently debatable. But powered by SpaceX's massive, fully reusable Starship rockets, this long-term vision spans several interconnected phases, not least first getting to the Moon. However, first Musk must build that city on the Moon. Musk is on record as saying that building "a self-growing city on the Moon," and arguing that it could be achieved in less than a decade, compared with more than 20 years for a similar plan for Mars. Remember, it is only possible to travel to Mars when the planets align every 26 months (a six-month trip time), whereas rockets can launch to the Moon every 10 days (2-day trip time). "Musk's ultimate goal is to get civilization to Mars. It's going to be very expensive, and as a soon-to-be public company, SpaceX needs to appease shareholders," said Justus Parmar, CEO of Fortuna Investments, a venture capital firm invested in SpaceX, speaking before the IPO. But the 10,000 rocket launches would boil down to a (claimed) launch cadence of a flight almost every hour! It is a spectacular ambition but never underestimate the ability of SpaceX - and Shotwell's team - of achieving what only a few years ago were considered impossible targets. SpaceX currently flies about 160 orbital missions a year. It completed 154 launches in 2025 and hit 50 by late April 2026. The entire world managed about 250 launches during 2025. FAA Deputy Associate Administrator Minh Nguyen, speaking at the ASCEND 2026 conference in Washington DC on May 19 that the agency expects "another 1,000 launches and re-entries, likely in the next four or five years. The FAA has approved SpaceX for a combined 195 launches per year across its four currently active sites. Starbase in Texas holds a 25-launch annual cap after the FAA raised it from just five in May 2025. It is no wonder that Shotwell's team is looking for additional launch sites. The current position is that Kennedy Space Center's Launch Complex 39A was cleared for 44 Starship launches per year in a February 2026 environmental impact statement. Two new Starship pads at Cape Canaveral Space Force Station can handle 76 annually. Vandenberg in California was recently approved for 50 Falcon 9 launches, up from 36. But consider this: A standard Boeing or Airbus intercontinental jet can see passengers de-planed, and the aircraft turned around, fuelled, catering on board and passengers in their seats within about an hour when the pressures are on! Low-cost airlines in Europe can do the same in nearer 45 minutes. Indeed, SpaceX is no longer merely dominant in space. It has built something closer to a private monopoly on low-Earth orbit - and its IPO Prospectus lays out plans to entrench that position by orders of magnitude. "You want to wake up in the morning and think the future is going to be great -- and that's what being a space-faring civilization is all about. It's about believing in the future and thinking that the future will be better than the past. And I can't think of anything more exciting than going out there and being among the stars," states Musk. The IPO explains: "[We] identify and create new trillion-dollar market opportunities. We focus on market opportunities that are useful for humanity and that present trillion-dollar opportunities, including global broadband and mobile connectivity for consumers, enterprises, and governments; and AI applications and computational infrastructure. We prioritize opportunities where structural inefficiencies or legacy technological limitations have constrained supply." Three out of every four active manoeuvrable satellites in orbit are now SpaceX's. So are roughly two-thirds of all operational satellites of any kind. The Elon Musk-controlled company has launched some 80% of all mass to orbit globally every year since 2023. As at last week this equates to 9600 active Starlink satellite in orbit. SpaceX generally, including Starlink and now its X, Grok and xAI segments, are looking like spectacularly successful businesses. Time will tell whether the investing public shares that view but SpaceX - in the IPO - pulls no punches saying that it will not be paying shareholders a dividend for the foreseeable future.
Vandenberg's Next Mission: SpaceX Rocket Launch Tuesday Morning
Landing: The first-stage booster, making its sith flight, will land on the Of Course I Still Love You droneship positioned in the Pacific Ocean. To watch the liftoff in person, the Lompoc Valley has multiple locations offering views of the launch pad. Those include the peak of Harris Grade Road, west of Lompoc's city limits and around Vandenberg Village, including near the intersection of Moonglow and Stardust roads. Vandenberg launches close to sunset or sunrise can be especially picturesque. If skies are clear, the rocket's departure might be visible from elsewhere around California and, under certain conditions, other Western states. Upcoming Launches: SpaceX tentatively plans additional Falcon rocket liftoffs from Vandenberg for Starlink missions on May 30 and June 2. Launches can get delayed for a number of reasons including technical troubles with the rocket, payload or support equipment; unfavorable weather; and scheduling issues.
Anthropic Demolished Legacy SaaS Stocks. Now It's Coming for Palantir. | The Motley Fool
Anthropic just made a move that feels less like a modest expansion and more like a shot across the bow in the world of enterprise artificial intelligence (AI). The company acquired Fractional AI -- a developer of generative AI enterprise applications -- as part of its strategy to launch its own consulting venture. This move signals that Anthropic is no longer content being one of many providers of frontier generative AI models. Rather, it is entering the messy world of on-the-ground AI deployment -- a market that Palantir Technologies (PLTR 0.41%) has dominated for years. Could Anthropic actually make a dent in Palantir's position as an AI operating system supplier for major corporations? Prior to the AI revolution, many on Wall Street viewed Palantir less as a pure software company and more as a consultancy in software-as-a-service (SaaS) clothing. This critique is not entirely without merit. Indeed, Palantir's software platforms -- Foundry for commercial data integration and Gotham for government agency analytics -- deliver recurring subscription revenue. However, some of the company's success comes from forward deployed software engineers. These Palantir employees get embedded on-site within client organizations, where they help clients make sense of unstructured data and get more value out of the services Palantir offers. Palantir's revenue features platform licenses mixed with professional services fees. This model creates sticky, multiyear contracts that appear more like bespoke consulting retainers than plug-and-play software subscriptions. However, describing it as a consulting firm is too narrow a view. The human layer is precisely what helps create the company's lock-in. Once Palantir's engineers design an ontology -- a map of the client's entire data universe -- and train AI agents on its workflows, the switching costs involved in moving to a rival player's service become excessive. Anthropic's latest acquisition is a sign that the company recognizes Palantir's hybrid model as a winning formula for enterprise AI adoption. By folding in a company that specializes in AI implementation while building its own consulting division, Anthropic is telegraphing that it no longer wants to be a simple model provider that hands businesses a powerful engine and then walks away. Instead, Anthropic now recognizes the value of helping clients install and fine-tune models, and then working alongside those clients for the long haul. This is exactly the role Palantir has perfected over the last few years. Enterprise buyers have grown increasingly wary of pure-play model developers that deliver impressive demos, but leave the heavy lifting of integration, compliance, and cultural change to their customers' internal resources. Anthropic's consulting venture targets companies that are eager to integrate generative AI across their organizations, but that lack the in-house expertise to deploy models effectively. By selling both the model and the deployment layer, Anthropic is in position to shorten sales cycles, command premium pricing, and create the same kind of entrenched position that Palantir enjoys. More importantly, its acquisition of Fractional AI validates what some investors have long suspected: The real money in AI isn't just in training larger models. It's in the "last mile" operation of turning these models into useful agents performing everyday tasks inside complex enterprises. The obvious argument in favor of Palantir's ability to fend off this challenge is that the company's lock-in is too deep to crack. Government contracts, defense capabilities, and decades of embedded relationships create a fortress that one single consulting acquisition won't breach overnight. Nevertheless, Anthropic's decision to enter AI consulting helps change its perception from a lab into a credible enterprise contender. More broadly, this entire episode is a bullish signal for the intersection of SaaS and consulting. When two sophisticated AI players are racing to serve the same customer base, it indicates that companies aren't simply experimenting with AI. In some cases, they are budgeting billions of dollars to make AI core to their growth roadmaps. Competition doesn't erode the addressable market; it accelerates the expanding opportunity. Whether Anthropic will become a genuine threat to Palantir or merely provide it with a healthy dose of competitive pressure, one thing is clear: The era of chatbot developers avoiding the data trenches is over. The winners of enterprise AI environments won't be those that just design the best AI roadmaps. They will be the multifaceted providers that help organizations integrate AI deeper into their critical operations.
Anthropic Demolished Legacy SaaS Stocks. Now It's Coming for Palantir.
As part of its push into AI enterprise consulting, a market that Palantir dominates, Anthropic recently acquired Fractional AI. Anthropic just made a move that feels less like a modest expansion and more like a shot across the bow in the world of enterprise artificial intelligence (AI). The company acquired Fractional AI -- a developer of generative AI enterprise applications -- as part of its strategy to launch its own consulting venture. This move signals that Anthropic is no longer content being one of many providers of frontier generative AI models. Rather, it is entering the messy world of on-the-ground AI deployment -- a market that Palantir Technologies (NASDAQ: PLTR) has dominated for years. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue " Could Anthropic actually make a dent in Palantir's position as an AI operating system supplier for major corporations? Image source: Getty Images. Prior to the AI revolution, many on Wall Street viewed Palantir less as a pure software company and more as a consultancy in software-as-a-service (SaaS) clothing. This critique is not entirely without merit. Indeed, Palantir's software platforms -- Foundry for commercial data integration and Gotham for government agency analytics -- deliver recurring subscription revenue. However, some of the company's success comes from forward deployed software engineers. These Palantir employees get embedded on-site within client organizations, where they help clients make sense of unstructured data and get more value out of the services Palantir offers. Palantir's revenue features platform licenses mixed with professional services fees. This model creates sticky, multiyear contracts that appear more like bespoke consulting retainers than plug-and-play software subscriptions. However, describing it as a consulting firm is too narrow a view. The human layer is precisely what helps create the company's lock-in. Once Palantir's engineers design an ontology -- a map of the client's entire data universe -- and train AI agents on its workflows, the switching costs involved in moving to a rival player's service become excessive. Anthropic's latest acquisition is a sign that the company recognizes Palantir's hybrid model as a winning formula for enterprise AI adoption. By folding in a company that specializes in AI implementation while building its own consulting division, Anthropic is telegraphing that it no longer wants to be a simple model provider that hands businesses a powerful engine and then walks away. Instead, Anthropic now recognizes the value of helping clients install and fine-tune models, and then working alongside those clients for the long haul. This is exactly the role Palantir has perfected over the last few years. Enterprise buyers have grown increasingly wary of pure-play model developers that deliver impressive demos, but leave the heavy lifting of integration, compliance, and cultural change to their customers' internal resources. Anthropic's consulting venture targets companies that are eager to integrate generative AI across their organizations, but that lack the in-house expertise to deploy models effectively. By selling both the model and the deployment layer, Anthropic is in position to shorten sales cycles, command premium pricing, and create the same kind of entrenched position that Palantir enjoys. More importantly, its acquisition of Fractional AI validates what some investors have long suspected: The real money in AI isn't just in training larger models. It's in the "last mile" operation of turning these models into useful agents performing everyday tasks inside complex enterprises. The obvious argument in favor of Palantir's ability to fend off this challenge is that the company's lock-in is too deep to crack. Government contracts, defense capabilities, and decades of embedded relationships create a fortress that one single consulting acquisition won't breach overnight. Nevertheless, Anthropic's decision to enter AI consulting helps change its perception from a lab into a credible enterprise contender. More broadly, this entire episode is a bullish signal for the intersection of SaaS and consulting. When two sophisticated AI players are racing to serve the same customer base, it indicates that companies aren't simply experimenting with AI. In some cases, they are budgeting billions of dollars to make AI core to their growth roadmaps. Competition doesn't erode the addressable market; it accelerates the expanding opportunity. Whether Anthropic will become a genuine threat to Palantir or merely provide it with a healthy dose of competitive pressure, one thing is clear: The era of chatbot developers avoiding the data trenches is over. The winners of enterprise AI environments won't be those that just design the best AI roadmaps. They will be the multifaceted providers that help organizations integrate AI deeper into their critical operations. Before you buy stock in Palantir Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Palantir Technologies wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $477,813!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,320,088!* Now, it's worth noting Stock Advisor's total average return is 986% -- a market-crushing outperformance compared to 208% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors. Adam Spatacco has positions in Palantir Technologies. The Motley Fool has positions in and recommends Palantir Technologies. The Motley Fool has a disclosure policy.
The SpaceX IPO Is Coming. These Are the 3 Most Important Numbers From Its S-1 Filing - AOL
Elon Musk's company, SpaceX, will soon go public, with June 12 being the projected day that it will begin trading on the Nasdaq. The initial public offering (IPO) is the most anticipated one in recent years, and investors have been eagerly looking for ways to gain exposure even before it begins trading. Musk already has one business worth $1.6 trillion in Tesla, and SpaceX could end up rivaling that, with its valuation likely to come in around $1.5 trillion or higher. Should you buy SpaceX stock when it becomes available, or are you better off avoiding it? Here are three of the most important numbers from the company's S-1 filing, which can help you make the right decision. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue " Image source: Getty Images. SpaceX is all about growth, and the company claims that its total addressable market (TAM) is the largest ever, at $28.5 trillion. It estimates that its most promising opportunities are in artificial intelligence (AI), with that segment accounting for a $26.5 trillion opportunity, followed by connectivity at $1.6 trillion, and space at $370 billion. SpaceX has been investing heavily in AI, and that's evident with its research and development costs soaring by 150% last year. At $8.6 billion, they were the company's largest expense in 2025 after cost of revenue ($9.5 billion). SpaceX says the key reason was an increase in spending in its AI segment, and that trend could continue given the growth opportunities it's chasing in that area. Perhaps the most startling number on the company's S-1 filing was its accumulated deficit of $41.3 billion as of the end of March. This is the running total of the company's losses since it began operations. It highlights the risk that comes with investing in the business, as it is likely to have a long road to profitability. During the first three months of 2026, the company's net loss totaled $4.3 billion on revenue of $4.7 billion. Although there's considerable hype and excitement around SpaceX stock, a lofty valuation of $1.5 trillion and potentially higher would mean that early investors are likely to be paying a high premium for the stock right away, at a time when its financials aren't all that strong. The danger is that buying the growth stock at a high price right away could set investors up for losses down the road. While there's a lot of excitement around SpaceX, I wouldn't rush to buy it. When our analyst team has a stock tip, it can pay to listen. After all, Stock Advisor's total average return is 986%* -- a market-crushing outperformance compared to 208% for the S&P 500.
SpaceX Terafab S-1 Reveals Massive $119B Chip Risks
In SpaceX's S-1, the document filed ahead of what would be the largest IPO in US history, that sentence reads roughly as there being no assurance that the SpaceX Terafab project will meet its objectives within expected timelines, or at all. It is a frank acknowledgement of what building a leading-edge semiconductor fab from scratch actually involves, and why even a company that has commercially launched rockets and built a global satellite internet network considers this its most difficult engineering challenge yet. Terafab is SpaceX's plan to manufacture one terawatt of AI compute hardware per year at a megafactory in Austin, Texas, targeting chips for Tesla's Optimus robots and vehicles as well as SpaceX's orbital compute infrastructure. Initial investment is $55 billion, with potential scaling to $119 billion across all phases. Here is what the filing actually says about why this is hard, and what SpaceX plans to do about it. The goal is to supply security. The demand for AI chips from Tesla, SpaceX, xAI, and other Musk-affiliated enterprises far exceeds existing supply chain capacity. During Tesla's Q1 2026 earnings call, Musk framed the choice directly: "Either build Terafab, or lose the future." SpaceX's Q1 2026 AI spend of $7.7 billion implies annualised spending of more than $30 billion, up sharply from $12.7 billion in fiscal 2025. It currently operates two AI clusters: A company spending $30 billion per year buying chips from NVIDIA has an obvious motivation to make its own. That motivation is not competitiveness, as Musk explicitly rejected the notion of "fighting Nvidia," describing Terafab as "survival infrastructure" to solve his own compute shortage. Producing large-die GPUs at 2-nanometer and 14-angstrom scales requires mastery of extreme ultraviolet lithography and advanced packaging. Early production runs at these nodes historically face low yields; even modest defect rates can generate tens of millions of dollars in scrapped wafers per month until processes stabilise. TSMC spent years optimising yields at 3nm before reaching commercial viability. Samsung's 3nm rollout in 2022 was marked by lower-than-expected yields that pushed major customers to TSMC instead. At 2nm and 14 angstroms (the nodes Terafab is targeting), the margin for error shrinks further. Terafab's mitigation is hardware-intensive. The plan calls for deploying more than 50 High-NA EUV scanners from ASML, each costing approximately $380 million with a throughput of 200 wafers per hour. These will be paired with atomic layer etch techniques to achieve precise profile control at the scale of individual atomic layers, the level of precision required for transistor gates and interconnects at advanced nodes. Fifty High-NA EUV scanners represent an investment of roughly $19 billion in lithography equipment alone, before fab construction, utilities, or any other tooling. That figure alone explains why the $55 billion initial commitment is a starting point. A GPU that runs fast is worthless if developers cannot program it. NVIDIA's dominance in AI compute is not primarily about silicon performance but about CUDA, the software platform that has been accumulating developer investment for almost two decades. Every AI framework, every research codebase, every inference optimization that exists in the world has been written with NVIDIA's software stack in mind. Building a competitive software and driver stack is a multi-year engineering effort. Intel required months, if not years, to fine-tune its Arc GPU drivers and architecture to deliver a noteworthy alternative to NVIDIA's GeForce RTX and AMD's Radeon RX offerings. Intel entered that effort with decades of driver engineering experience and a massive existing developer ecosystem. Terafab starts from zero. The S-1 filing does not detail a specific software mitigation strategy beyond acknowledging the dependency. The filing's language notes that manufactured chips have "limited practical utility for AI workloads" without a complete software stack. It is an honest characterisation of how far this challenge extends beyond the fab itself. SpaceX has referenced Intel's 14A process node as the manufacturing foundation for Terafab. Intel confirmed the partnership directly, and Intel's stock rose more than 3% on the announcement, meaningful for a company whose foundry business lost $10.3 billion in 2025. The S-1, however, is careful about language. SpaceX's own filing describes the Terafab and Tesla collaboration as in "very early stages," with no financial terms, no intellectual property rights, and no binding commitments finalized. A partnership described as non-binding in a company's own IPO filing, a document where understatement carries legal consequences, is a partnership that investors should not treat as settled. The S-1 also notes the lack of long-term supplier contracts more broadly. A leading-edge fab depends on specialized inputs and equipment, and supply chain uncertainty compounds the execution risk of a project already operating at the frontier of what semiconductor manufacturing can do. Semiconductor facility projects have a documented pattern of cost overruns and timeline extensions. Intel's Ohio fab, announced in 2022 with a $20 billion initial commitment, has faced repeated delays. TSMC's Arizona expansion has been subject to similar schedule revisions. These are companies with decades of fab construction experience. SpaceX is considering spinning off Terafab as a separate publicly listed entity to independently raise funds, a structure that would keep capital pressure from contaminating the core SpaceX balance sheet while Musk retains a controlling interest. That contingency plan, disclosed in the same filing, is an implicit acknowledgement that $119 billion across all phases is not a commitment SpaceX can self-fund. The most technically ambitious claim in the filing's mitigation section is the timeline for yield improvement. Traditional semiconductor fabs take two to three years to move from initial process runs, where yields might sit at 40-60%, to commercially viable production above 90%. Terafab's target is to compress that ramp to months. The mechanism is a real-time metrology and machine-learning system. Partnerships with KLA and Camtek will provide high-speed inspection using broadband plasma, laser diagnostics, critical-dimension scanning electron microscopy, and X-ray photoelectron spectroscopy. A dedicated ML infrastructure will process defect and electrical test data to predict failures and identify yield limiters in near-real time. The stated goal: move from initial yields near 60% toward 95% at a speed no conventional fab ramp has achieved. This is the most speculative element of the entire technical plan. KLA and Camtek are credible metrology partners, and ML-driven process control is an active area of semiconductor R&D. Whether those tools can deliver a yield ramp that compresses years into months on a brand-new process node, in a brand-new facility by a team with no prior fab operation experience, is a question the filing raises but does not answer. SpaceX's IPO roadshow is targeted for the week of June 8, 2026. Press consensus points to a $1.75 trillion valuation and a $75 billion raise. If these figures are confirmed, it would more than double Saudi Aramco's $29.4 billion record for the largest IPO ever. The S-1's full public disclosure will be the first time outside investors can read the complete filing. Terafab's progress, specifically whether the Intel partnership moves from early-stage to contractually binding, will be the most important technical milestone to watch in the months that follow.
SpaceX Targeting Tuesday Morning Falcon 9 Starlink Launch from Vandenberg
VANDENBERG SPACE FORCE BASE, California -- Space exploration company SpaceX is gearing up for another local rocket launch, targeting early Tuesday morning to send its latest payload of internet satellites into orbit from the Central Coast. The launch window is scheduled to open as early as 7:00 AM PDT on Tuesday, May 26, 2026. The Falcon 9 rocket will lift off from Space Launch Complex 4 East (SLC-4E) at Vandenberg Space Force Base, located in Santa Barbara County. * The Payload: The rocket will carry 24 Starlink V2 Mini optimized satellites into low Earth orbit as part of the Starlink Group 17-37 mission, expanding SpaceX's global high-speed internet mega-constellation. * The Booster: This launch marks the sixth flight for the Falcon 9 first-stage booster supporting this mission. It previously launched the NROL-105 national security mission as well as four prior Starlink flights. * The Recovery: Following stage separation, the first-stage booster is scheduled to return to Earth and land on the autonomous droneship "Of Course I Still Love You," which will be stationed downrange in the Pacific Ocean. Southern and Central California residents living near the launch site should remain alert for potential noise. Depending on localized weather and atmospheric conditions, residents across Santa Barbara, San Luis Obispo, and Ventura counties may hear one or more sonic booms as the booster breaks the sound barrier during its automated return sequence. A live webcast of the Starlink mission is expected to begin approximately 10 minutes prior to liftoff, streaming via SpaceX's official channels.
Polymarket scrutiny grows as CFTC suspensions raise oversight concerns - AMBCrypto
Meanwhile, seventeen new Designated Contract Market applications emerged after early 2025 as approval timelines compressed further beneath acting leadership. Staffing conditions also weakened after multiple senior departures and a reported 21.5% reduction in full-time employees by late fiscal 2025. The New York Times reported that the agency announced only two crypto-related enforcement cases during Trump's second term, compared to more than 80 during the Biden administration. However, softer enforcement and faster approvals could increase longer-term consumer protection and oversight risks across rapidly expanding crypto-adjacent markets. According to a report by the New York Times, prediction-market growth has increasingly reshaped competitive dynamics as politically connected firms gained faster regulatory access across expanding markets recently. Smaller competitors also faced mounting pressure because approval speed increasingly became a strategic advantage rather than purely a compliance process. According to a recent Dune Analytics report, monthly prediction-market volume surged from below $100 million during early 2024 toward more than $13 billion by late 2025. Internal resistance inside the CFTC also triggered controversy. According to the New York Times, several senior agency officials who raised concerns about prediction-market firms were later suspended. Moreover, they were placed on administrative leave, investigated, or pushed out of the agency. Rachel Berdansky, Deputy Director for Compliance, questioned Polymarket's anti-fraud protections before later being placed on leave and eventually retiring. Rahul Varma, Acting Director of Market Oversight, also raised concerns during Polymarket's review process before later being removed during broader agency changes. The NYT further reported that other senior enforcement officials involved in crypto oversight were sidelined after questioning industry practices and approval processes. Prediction markets increasingly became political battlegrounds once Trump-linked crypto firms started gaining faster regulatory access across expanding financial markets. That shift also raised concerns that commercial influence could increasingly shape how oversight agencies enforce market rules. Meanwhile, Polymarket secured backing from Donald Trump Jr., while Crypto.com expanded ties with Trump Media across prediction-market initiatives. Inside the CFTC, however, officials reportedly raised concerns around fraud protections, incomplete reviews, and fairness toward smaller bettors beneath compressed approval timelines. Gretchen Lowe later warned, This is really the first time that politics have affected the C.F.T.C. in such a dramatic way. Yet Chairman Michael Selig argued that lighter enforcement helps prediction markets compete against offshore and less-regulated platforms globally.
Pope Leo XIV issues encyclical on AI, warns of ethical risks and partners with Anthropic
The Vatican's 42,300-word document tackles artificial intelligence, crypto, and autonomous weapons, with Anthropic co-founder Christopher Olah co-presenting at the launch. The Catholic Church just dropped a 42,300-word policy paper on artificial intelligence. And yes, it has a tech co-author. Pope Leo XIV released his inaugural encyclical, Magnifica Humanitas, on May 25, 2026, laying out what might be the most comprehensive religious framework for thinking about AI, digital assets, and the moral obligations that come with building world-altering technology. The document was co-presented by Christopher Olah, co-founder of Anthropic, the AI safety company behind the Claude model. What the encyclical actually says The core argument of Magnifica Humanitas is that AI, left unchecked, risks creating what Leo XIV calls "new forms of slavery." He's not speaking abstractly. The encyclical points to specific labor conditions: low-wage data processing jobs, content moderation work that exposes workers to traumatic material, and the rare-earth mining operations that supply the hardware powering the AI boom. Beyond labor exploitation, the document flags several other concerns. The concentration of AI power among a handful of private entities. Job displacement from automation. The deployment of AI in military applications, particularly autonomous weapons systems. And perhaps most philosophically, the erosion of human relationships and personal agency when algorithms increasingly mediate how people live, work, and connect. The encyclical was signed on May 15, 2026, a date chosen deliberately. It marks the 135th anniversary of Pope Leo XIII's Rerum Novarum, the landmark 1891 encyclical that addressed labor rights during the Industrial Revolution. Leo XIV is explicitly positioning his document as a continuation of that tradition: Catholic social teaching updated for an era where the factory floor has been replaced by the data center. The Vatican event itself was announced publicly around May 18, drawing attention from both religious communities and the tech world. Crypto gets a mention too Here's where it gets interesting for the digital asset world. Magnifica Humanitas doesn't limit itself to AI. The encyclical explicitly discusses cryptocurrencies and digital property as emerging forms of ownership that carry moral implications. The framework Leo XIV applies is the Catholic principle of the "universal destination of goods," the idea that the earth's resources are ultimately meant for the benefit of all humanity, not just those who hold title to them. It doesn't condemn crypto outright, but it firmly rejects the notion that property rights are absolute and beyond moral scrutiny. Within the first month of the encyclical's release, no significant shifts in crypto trading volumes or prices were observed. A token called $HUMANITAS has already appeared, inspired by the encyclical.
The SpaceX IPO Is Coming. These Are the 3 Most Important Numbers From Its S-1 Filing
Elon Musk's company, SpaceX, will soon go public, with June 12 being the projected day that it will begin trading on the Nasdaq. The initial public offering (IPO) is the most anticipated one in recent years, and investors have been eagerly looking for ways to gain exposure even before it begins trading. Musk already has one business worth $1.6 trillion in Tesla, and SpaceX could end up rivaling that, with its valuation likely to come in around $1.5 trillion or higher. Should you buy SpaceX stock when it becomes available, or are you better off avoiding it? Here are three of the most important numbers from the company's S-1 filing, which can help you make the right decision. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue " Image source: Getty Images. SpaceX is all about growth, and the company claims that its total addressable market (TAM) is the largest ever, at $28.5 trillion. It estimates that its most promising opportunities are in artificial intelligence (AI), with that segment accounting for a $26.5 trillion opportunity, followed by connectivity at $1.6 trillion, and space at $370 billion. SpaceX has been investing heavily in AI, and that's evident with its research and development costs soaring by 150% last year. At $8.6 billion, they were the company's largest expense in 2025 after cost of revenue ($9.5 billion). SpaceX says the key reason was an increase in spending in its AI segment, and that trend could continue given the growth opportunities it's chasing in that area. Perhaps the most startling number on the company's S-1 filing was its accumulated deficit of $41.3 billion as of the end of March. This is the running total of the company's losses since it began operations. It highlights the risk that comes with investing in the business, as it is likely to have a long road to profitability. During the first three months of 2026, the company's net loss totaled $4.3 billion on revenue of $4.7 billion. Although there's considerable hype and excitement around SpaceX stock, a lofty valuation of $1.5 trillion and potentially higher would mean that early investors are likely to be paying a high premium for the stock right away, at a time when its financials aren't all that strong. The danger is that buying the growth stock at a high price right away could set investors up for losses down the road. While there's a lot of excitement around SpaceX, I wouldn't rush to buy it. When our analyst team has a stock tip, it can pay to listen. After all, Stock Advisor's total average return is 986%* -- a market-crushing outperformance compared to 208% for the S&P 500. David Jagielski, CPA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Tesla. The Motley Fool recommends Nasdaq. The Motley Fool has a disclosure policy.
Eyes in the sky: SpaceX is aiming to make history on Wall Street
The initial public offering (IPO) of Space Exploration Technologies Corp (SpaceX), headed by Elon Musk, promises to be the most extraordinary ever, going by the filing last week at the United States (US) Securities and Exchange Commission. SpaceX is looking to raise around $75 billion at a valuation of $1.75 trillion-2 trillion. This will make it the largest ever initial listing in the US. SpaceX will be listed as the seventh-most valuable company on the S&P 500. If the IPO achieves its aim, it will boost Mr Musk's personal net worth to well over $1 trillion. Much of the prospectus reads like a compilation of science-fiction themes. The mission statement is to take "the light of consciousness to the stars", a phrase that occurs repeatedly. The prospectus speaks of mining on asteroids, manufacturing in orbit, energy production on the moon and Mars, along with transporting cargo and passengers to those celestial bodies, and setting up a one-million population colony on Mars.
The SpaceX IPO Is Coming. These Are the 3 Most Important Numbers From Its S-1 Filing | The Motley Fool
Elon Musk's company, SpaceX, will soon go public, with June 12 being the projected day that it will begin trading on the Nasdaq. The initial public offering (IPO) is the most anticipated one in recent years, and investors have been eagerly looking for ways to gain exposure even before it begins trading. Musk already has one business worth $1.6 trillion in Tesla, and SpaceX could end up rivaling that, with its valuation likely to come in around $1.5 trillion or higher. Should you buy SpaceX stock when it becomes available, or are you better off avoiding it? Here are three of the most important numbers from the company's S-1 filing, which can help you make the right decision. SpaceX is all about growth, and the company claims that its total addressable market (TAM) is the largest ever, at $28.5 trillion. It estimates that its most promising opportunities are in artificial intelligence (AI), with that segment accounting for a $26.5 trillion opportunity, followed by connectivity at $1.6 trillion, and space at $370 billion. SpaceX has been investing heavily in AI, and that's evident with its research and development costs soaring by 150% last year. At $8.6 billion, they were the company's largest expense in 2025 after cost of revenue ($9.5 billion). SpaceX says the key reason was an increase in spending in its AI segment, and that trend could continue given the growth opportunities it's chasing in that area. Perhaps the most startling number on the company's S-1 filing was its accumulated deficit of $41.3 billion as of the end of March. This is the running total of the company's losses since it began operations. It highlights the risk that comes with investing in the business, as it is likely to have a long road to profitability. During the first three months of 2026, the company's net loss totaled $4.3 billion on revenue of $4.7 billion. Although there's considerable hype and excitement around SpaceX stock, a lofty valuation of $1.5 trillion and potentially higher would mean that early investors are likely to be paying a high premium for the stock right away, at a time when its financials aren't all that strong. The danger is that buying the growth stock at a high price right away could set investors up for losses down the road. While there's a lot of excitement around SpaceX, I wouldn't rush to buy it.
