News & Updates
The latest news and updates from companies in the WLTH portfolio.
Anthropic halts foreign access to advanced AI models on US govt's directive
Anthropic said on Friday it has been ordered by the U.S. government to suspend access for all foreign nationals to its Fable 5 and Mythos 5 artificial intelligence models, citing national security concerns. The company said it received the export control directive on Friday from the government, which gave no specific details of its national security concern. It is Anthropic's understanding, however, that the government believes it has become aware of a method of bypassing, or "jailbreaking," Fable 5, according to the company's statement. "The net effect of this order is that we must abruptly disable Fable 5 and Mythos 5 for all our customers to ensure compliance. Access to all other Anthropic models will not be affected," Anthropic said. Anthropic added that it believed there was a "misunderstanding" and that it is working to restore access to the models as soon as possible. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) More From This Section Apple AI now runs on Google, Nvidia tech: What happens to privacy promise From Reels to risks: How scammers are turning videos into malware traps India leads digital wallet downloads as homegrown apps dominate globally AI will not make GBS firms obsolete, but more important: BCG report Don't know if Claude AI used in strike at Iran school: Anthropic CEO
Ben Cera: Recording health conversations enhances personal management, SpaceX's IPO could reach $1.77 trillion, and understanding IPO mechanics is crucial for investors | TWIST
* Recording health conversations can significantly enhance personal health management by improving tracking and communication. * SpaceX's upcoming IPO is poised to set a new record with a valuation of $1.77 trillion. * Elon Musk's stake in SpaceX is valued at around $860 billion, but he is restricted from selling shares until certain milestones are met. * An IPO can unlock substantial capital, crucial for a company's growth and stability. * The 'green shoe' option in IPOs allows banks to stabilize stock prices by purchasing additional shares. * The market serves as both a weighing and voting mechanism in venture capital, influencing investment decisions. * Investors evaluate companies like Tesla and SpaceX based on current performance and future potential. * Starlink's future success in connecting to mobile phones is highly likely, indicating a significant market opportunity. * Elon Musk's ability to manage multiple visionary projects is a rare entrepreneurial skill. * Businesses should categorize visions into short, medium, and long-term to attract diverse investors. * Utilizing technology for health management can improve personal health outcomes. * SpaceX's market position is strengthened by its unprecedented IPO valuation. * Understanding IPO mechanics, such as the 'green shoe' option, is crucial for financial strategy. * The dual roles of market mechanisms in venture capital are essential for investment strategies. * Evaluating tech companies requires assessing both current operations and visionary projects. Guest intro Ben Cera is the solo founder of Polsia, a platform enabling companies to run on his infrastructure. He achieved $1.5M in annual recurring revenue within two weeks while serving 1,500 companies on Polsia. Previously, he worked in banking and at Cloud Kitchens alongside Travis Kalanick after studying engineering at Columbia. Enhancing personal health management through technology * Recording health conversations aids in better health tracking and communication with providers. * I record it, I send it to my wife... now I can feed this into my whoop -- Ben Cera * Technology offers practical applications for personal health management. * Emphasizing the importance of integrating technology into daily health routines. * Recording health data can lead to improved personal health outcomes. * The habit of recording health information can enhance personal accountability. * I'm getting into this habit of recording all my health stuff -- Ben Cera * Leveraging technology for health management is becoming increasingly accessible. SpaceX's record-breaking IPO * The IPO of SpaceX is set to break records with a $1.77 trillion valuation. * They're planning to sell more than 555,000,000 shares -- Ben Cera * SpaceX's market position is highlighted by its unprecedented IPO valuation. * Elon Musk's stake in SpaceX is valued at $860 billion. * Elon Musk's personal stake valued at around 860,000,000,000 -- Ben Cera * Musk cannot sell shares until specific milestones are achieved. * SpaceX's IPO signifies a major financial event in the market. * Understanding the significance of IPO records is crucial for investors. Financial implications of IPOs * An IPO unlocks significant capital, crucial for company growth. * One of the possibilities an IPO unlocks is capital -- Ben Cera * The 'green shoe' option allows banks to stabilize stock prices. * The green shoe is like a little extra shares that could be sold -- Ben Cera * IPOs provide essential funding for companies to expand operations. * Understanding IPO mechanics is vital for financial strategy. * The financial strategy during IPOs includes managing stock price fluctuations. * IPOs can provide a financial boost, aiding in company stability. Market mechanisms in venture capital * The market functions as both a weighing and voting mechanism. * The market has two different functions as I see it -- Ben Cera * Market dynamics influence investment decisions in venture capital. * Understanding the dual roles of market mechanisms is crucial for investors. * The market's voting mechanism involves assessing product market fit. * You're voting largely on products that do not yet exist -- Ben Cera * The weighing mechanism evaluates existing business performance. * Market mechanisms play a critical role in venture capital investments. Evaluating tech companies: Current performance vs. future potential * Investors assess companies based on current operations and visionary projects. * When you IPO you start to sort out voting versus weighing -- Ben Cera * Evaluating tech companies requires a dual focus on present and future. * Companies like Tesla and SpaceX are evaluated for both current and future potential. * You can bet on Starlink an existing business and you can weigh it -- Ben Cera * Understanding the distinction between current performance and future potential is key. * Investors make strategic decisions based on both existing and visionary projects. * Assessing tech companies involves evaluating growth rates and future opportunities. Starlink's potential in mobile connectivity * Starlink's future success in mobile connectivity is highly likely. * If the guy can deliver Starlink... what are the chances he can deliver it to your phone -- Ben Cera * The scalability of Starlink's technology indicates significant market potential. * Starlink's current capabilities suggest a promising future in mobile connectivity. * The potential for Starlink to expand to 100 million members is substantial. * Scale it from I think 10,000,000 members... to a 100,000,000 -- Ben Cera * Starlink's technology offers a significant future market opportunity. * The belief in Starlink's success underscores its potential impact on connectivity. Elon Musk's unique entrepreneurial skill set * Musk's ability to manage multiple visionary projects is a rare skill. * That's just his gift he is able to pursue multiple of those visions -- Ben Cera * Few entrepreneurs can juggle complex projects like Musk. * Musk's skill set distinguishes him in the entrepreneurial landscape. * Managing multiple business lines simultaneously is a significant capability. * He's able to keep three businesses three business four business lines in his brain -- Ben Cera * Musk's entrepreneurial skills are comparable to those of Steve Jobs. * His ability to manage visionary projects is a key factor in his success. Strategic business categorization for investors
Anthropic Says US Limits Foreign Access To Fable 5, Mythos 5
Anthropic PBC said the US government has issued an export control directive to suspend all foreign access to its Fable 5 and Mythos 5 artificial intelligence models. "The US government, citing national security authorities, has issued an export control directive to suspend all access to Fable 5 and Mythos 5 by any foreign national, whether inside or outside the United States, including foreign national Anthropic employees," it said in a post on X. However, it added that access to all other Claude models is not affected. (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.
Why Musk Raced to Take SpaceX Public in the World's Biggest IPO
Elon Musk and his executives had one overarching message for the army of people working on the SpaceX initial public offering over the past six months: Faster, move faster. As the gigantic space exploration startup barreled toward a public listing after 24 years as a private company, the urgency was apparent. The acquisition of a $250 billion artificial intelligence company in the middle of the process? Don't let it slow you down. Why have everyone wait late into the evening for the final terms? Instead, close the deal during market hours. The rush was driven by a canny strategy: go ...
SpaceX navigates major transition ahead of historic public listing
The rocket company filed its S-1 in April and released its prospectus in May, setting the stage for what would be the largest IPO ever at a $1.8 trillion valuation SpaceX, the company that made reusable rockets look routine, is about to make another kind of landing. The Elon Musk-led space venture filed a confidential S-1 registration statement with the SEC in April 2026 and released its public prospectus around May 20, laying out plans for a Nasdaq listing under the ticker SPCX. The numbers are staggering. SpaceX priced shares at $135 each, offering 555.6 million shares with the goal of raising approximately $75 billion. That would value the company at roughly $1.8 trillion post-listing, making it the largest IPO in history. The financials behind the filing The prospectus revealed a company with serious revenue momentum. SpaceX reported $18.7 billion in revenue for 2025. Starlink generated approximately $11.4 billion, more than 60% of total revenue. The launch segment contributed around $4.1 billion. The remaining revenue, roughly $3.2 billion, spans SpaceX's expanding portfolio including government contracts, Starshield (its national security-focused service), and emerging ventures. The company has also signaled ambitions in AI-related infrastructure. Musk's grip on the steering wheel One detail buried in the filing structure deserves attention: the multi-class share arrangement. Elon Musk will retain significant voting control over SpaceX even after it goes public. This is the same playbook used by Meta, Alphabet, and Snap, where founders maintain outsized decision-making power regardless of their economic ownership stake. Market implications and what to watch Trading is expected to begin around June 12, 2026, and early indications suggest overwhelming demand. Reports of oversubscription during the roadshow point to an IPO that could pop on opening day. In the digital asset space, traders are already positioning around the event. SPCX perpetual futures have appeared on crypto exchanges, giving traders exposure to the stock's price movements without touching traditional equity markets.
Retail investors build big dreams on small slices of SpaceX By Reuters
By Suzanne McGee, Akash Sriram and Manya Saini NEW YORK, June 12 (Reuters) - Individual investors eager for a piece of SpaceX's mega IPO on Friday scrutinized their e-mail inboxes and brokerage accounts to see just how big a slice of the pie they received - while others went straight to the open market to scoop them up on day one. From the start, SpaceX and its underwriters had determined to set aside as much as 30% of the shares sold to the public in the IPO for retail investors. That meant that whipping up interest and buying orders from this group was crucial. Getting an allocation to the stock was competitive, and some retail investors just dived into the market to buy. "I'm very happy with what I managed to get," said Joseph Gutheinz, who retired from NASA as an investigator to practice law. Gutheinz did not think of trying to submit an IPO allocation request but managed to buy $100,000 of shares at $161 on Friday. "It's a great investment," he said. "Win or lose, I'm happy to be invested at all." Retail buying was one of the factors responsible for the pop in the price of SpaceX shares, which surged 19% on their first day of trading, said Art Hogan, investment strategist at B. Riley Wealth in Boston. "This allocation to retail is far and away the highest I've ever seen in my decades on Wall Street," Hogan said. "It's the latest, greatest shiny object for retail investors to get into right now." The deal became "the largest and most subscribed offering on our platform to date," said a spokesman for SoFi, one of the retail brokerages involved in the selling group. The spokesman added that all individuals who met SoFi's criteria received an allocation of the deal. Net buying of SpaceX shares accounted for about 4% of all single-stock retail turnover on Friday, totaling $453 million and running at 3.5 times the pace of runner-up Nvidia. "Retail investors have shown up for SpaceX in a big way," said Vanda Research, a firm that tracks the activity of self-directed individual investors and that spent much of Friday monitoring trading in the high-profile IPO. In the first 20 minutes of trading, SpaceX shares had vaulted to second place in the ranks of most actively purchased stocks by retail investors and by mid-afternoon was in first place, dwarfing its rivals, Vanda reported. ALLOCATIONS FALL SHORT Allocations, however, for some retail investors fell short of what they sought. "Requested 250, received nothing," one of the rare disgruntled would-be investors reported on a Reddit chat devoted to figuring out who had received allocations. "Requested 555, got 10" and "requested 1,000, got 85," other Reddit posters noted. SpaceX founder Elon Musk, whom the IPO has made the world's first trillionaire, pledged in 2024 that if any of his still-private companies went public in the future, he intended to make sure that retail investors, especially holders of his other public company, Tesla, would have priority in accessing the new deal. "Loyalty deserves loyalty," he said in a post on X at the time. Already, some fans of Musk and SpaceX are providing further signs of their commitment and conviction. Clint Sorenson, chief investment officer of Ascentis Asset Management, told Reuters he offered all of his firm's clients who had invested in SpaceX via private investment vehicles before the IPO the opportunity to hedge their exposure to the stock now that it is publicly traded. No one took him up on the idea, he said. "Everyone wants to keep holding and celebrating right now; no one wants to even think of hedging their risk because they believe in the story so much," Sorenson said.
SpaceX (Backpack Securities) Price: SPCX/USD Live Price Chart, Market Cap & News Today | CoinGecko
The community is bullish about SpaceX (Backpack Securities) (SPCX) today. Where can you buy SpaceX (Backpack Securities)? SPCX tokens can be traded on decentralized exchanges. The most popular exchange to buy and trade SpaceX (Backpack Securities) is Byreal, where the most active trading pair SPCX/USDC has a trading volume of $5,654,096.97 in the last 24 hours. Other popular options include Raydium (CLMM) and Orca. What is the daily trading volume of SpaceX (Backpack Securities) (SPCX)? The trading volume of SpaceX (Backpack Securities) (SPCX) is $14,740,116.81 in the last 24 hours, representing a 12,167.00% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko's list of highest volume cryptocurrencies. What is the highest and lowest price for SpaceX (Backpack Securities) (SPCX)? SpaceX (Backpack Securities) (SPCX) reached an all-time high of $182.39 and an all-time low of $155.04. It's now trading -9.50% below that peak and 6.50% above its lowest price. What is the market cap of SpaceX (Backpack Securities) (SPCX)? Market capitalization of SpaceX (Backpack Securities) (SPCX) is $7,549,005 and is ranked #1303 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of SPCX tokens (46 Thousand tokens are tradable on the market today). What is the fully diluted valuation of SpaceX (Backpack Securities) (SPCX)? The fully diluted valuation (FDV) of SpaceX (Backpack Securities) (SPCX) is $7,575,277. This is a statistical representation of the maximum market cap, assuming total number of 46 Thousand ETH tokens are in circulation today. How does the price performance of SpaceX (Backpack Securities) compare against its peers? With a price increase of 0.00% in the last 7 days, SpaceX (Backpack Securities) (SPCX) is underperforming the global cryptocurrency market which is up 4.50%, while outperforming when compared to similar Solana Ecosystem cryptocurrencies which are up 0.00%.
US bans foreign access to Anthropic's Mythos and Fable AI models
(New users only) It's tax relief season! Get up to RM300 when you save with Versa! Plus, enjoy an additional FREE RM10 when you sign up using code VERSAMM10 with a min. cash-in of RM100 today. T&Cs apply. WASHINGTON, June 13 -- Anthropic said on Friday it has been ordered by the US government to suspend access for all foreign nationals to its Fable 5 and Mythos 5 artificial intelligence models, citing national security concerns. The company said it received the export control directive on Friday from the government, which gave no specific details of its national security concern. It is Anthropic's understanding, however, that the government believes it has become aware of a method of bypassing, or "jailbreaking," Fable 5, according to the company's statement. "The net effect of this order is that we must abruptly disable Fable 5 and Mythos 5 for all our customers to ensure compliance. Access to all other Anthropic models will not be affected," Anthropic said. Anthropic added that it believed there was a "misunderstanding" and that it is working to restore access to the models as soon as possible. -- Reuters
Retail investors build big dreams on small slices of SpaceX
NEW YORK, June 12 : Individual investors eager for a piece of SpaceX's mega IPO on Friday scrutinized their e-mail inboxes and brokerage accounts to see just how big a slice of the pie they received - while others went straight to the open market to scoop them up on day one. From the start, SpaceX and its underwriters had determined to set aside as much as 30 per cent of the shares sold to the public in the IPO for retail investors. That meant that whipping up interest and buying orders from this group was crucial. Getting an allocation to the stock was competitive, and some retail investors just dived into the market to buy. "I'm very happy with what I managed to get," said Joseph Gutheinz, who retired from NASA as an investigator to practice law. Gutheinz did not think of trying to submit an IPO allocation request but managed to buy $100,000 of shares at $161 on Friday. "It's a great investment," he said. "Win or lose, I'm happy to be invested at all." Retail buying was one of the factors responsible for the pop in the price of SpaceX shares, which surged 19 per cent on their first day of trading, said Art Hogan, investment strategist at B. Riley Wealth in Boston. "This allocation to retail is far and away the highest I've ever seen in my decades on Wall Street," Hogan said. "It's the latest, greatest shiny object for retail investors to get into right now." The deal became "the largest and most subscribed offering on our platform to date," said a spokesman for SoFi, one of the retail brokerages involved in the selling group. The spokesman added that all individuals who met SoFi's criteria received an allocation of the deal. Net buying of SpaceX shares accounted for about 4 per cent of all single-stock retail turnover on Friday, totaling $453 million and running at 3.5 times the pace of runner-up Nvidia. "Retail investors have shown up for SpaceX in a big way," said Vanda Research, a firm that tracks the activity of self-directed individual investors and that spent much of Friday monitoring trading in the high-profile IPO. In the first 20 minutes of trading, SpaceX shares had vaulted to second place in the ranks of most actively purchased stocks by retail investors and by mid-afternoon was in first place, dwarfing its rivals, Vanda reported. ALLOCATIONS FALL SHORT Allocations, however, for some retail investors fell short of what they sought. "Requested 250, received nothing," one of the rare disgruntled would-be investors reported on a Reddit chat devoted to figuring out who had received allocations. "Requested 555, got 10" and "requested 1,000, got 85," other Reddit posters noted. SpaceX founder Elon Musk, whom the IPO has made the world's first trillionaire, pledged in 2024 that if any of his still-private companies went public in the future, he intended to make sure that retail investors, especially holders of his other public company, Tesla, would have priority in accessing the new deal. "Loyalty deserves loyalty," he said in a post on X at the time. Already, some fans of Musk and SpaceX are providing further signs of their commitment and conviction. Clint Sorenson, chief investment officer of Ascentis Asset Management, told Reuters he offered all of his firm's clients who had invested in SpaceX via private investment vehicles before the IPO the opportunity to hedge their exposure to the stock now that it is publicly traded. No one took him up on the idea, he said. "Everyone wants to keep holding and celebrating right now; no one wants to even think of hedging their risk because they believe in the story so much," Sorenson said.
SpaceX surges past $2 trillion in Nasdaq debut, closes in on Amazon
SpaceX shares jumped 19 per cent in their Nasdaq debut on Friday, sending the company's value past $2 trillion to make it the sixth-biggest US company by value and turning Elon Musk into the world's first trillionaire. Investors jumped at the chance to get a piece of Musk's sprawling empire spanning rockets, satellites and AI after the record-setting $75 billion IPO. More than 510 million shares worth about $84 billion changed hands, even though SpaceX is currently unprofitable and generated only a fraction of the revenue brought in by similarly valued tech giants. The launch was smoother than many observers expected, with trading kicking off late on Friday morning without the hiccups that had marred Facebook's debut in 2012. SpaceX shares ended the day at $160.95 a share to bring its value to $2.1 trillion. The gain pushed SpaceX's market value past Broadcom, with Amazon next in line at $2.6 trillion. The trade capped off a lead-up fraught with anxiety over the Nasdaq exchange's ability to handle the launch, particularly after a recent swoon in technology shares raised concerns about stratospheric gains in AI-linked names. Mega-listings from AI heavyweights Anthropic and OpenAI are waiting in the wings. Investors across the spectrum, from large institutions to retail fans of Musk, ended the day euphoric. Also Read US stocks rise after oil eases and SpaceX soars in its debut on Wall Street SpaceX blows past $2 trillion valuation as stock jumps 20% after record IPO Dhan launches US stocks, ETFs investing for Indians via GIFT City route Amazon to rely on own charging infra to expand EV delivery fleet in India Is SpaceX worth $1.77 trillion? Some investors call it 'pie in the sky' "For many investors, SpaceX is the closest thing to investing in the railroads during the Industrial Revolution and they are willing to pay the Elon Musk premium for that opportunity," said Seth Hickle, chief investment officer at Mindset Wealth Management in Indianapolis. Analysts and portfolio managers said investors should brace for volatility, particularly early in SpaceX's life as a public company, due to its small relative float and high valuation. SpaceX's $18.7 billion in revenue gives the company a price-to-revenue ratio of roughly 112, far above other megacap stocks. "The question remains is, what happens in a couple of weeks from now. Right now, people want to bid the stock higher because it's a winner at this point. Whether it stays that way, that remains to be seen," said Todd Schoenberger, chief investment officer at Crosscheck Management in Washington, DC. Retail investors received about 20 per cent of the allocation, far more than the typical IPO, with some even celebrating an allocation of one share. SpaceX executives, including President Gwynne Shotwell and Chief Financial Officer Bret Johnsen, celebrated at the Nasdaq market site in New York's Times Square after ringing the opening bell on Friday. Musk held a separate event for employees in Texas. 'Almost surreal' The IPO is a culmination of Musk's long-held ambitions in space and technology, and has stood out for rewriting Wall Street's IPO playbook and drawing legions of retail investors into the market. "Elon deserves an extreme premium because of his track record and his vision for calling technology trends early," said Shaun Maguire, a Sequoia Capital partner who has led the firm's $2 billion investment in SpaceX. Sequoia Capital's investment is worth over $20 billion at the IPO price, a person familiar with the matter told Reuters. At $75 billion, the IPO's proceeds were more than double those of Saudi Aramco's record-setting 2019 IPO. SpaceX's valuation could rise further should underwriters exercise their right to sell additional shares, a decision typically made within 30 days after the offering. "Seeing the company that I joined when it was just some sketches on paper become this valuable is almost surreal," said Tom Mueller, a founding SpaceX employee who spent 18 years at the company and a shareholder, who is now CEO of Impulse Space, a spacecraft startup. An estimated 4,000 current or former SpaceX employees will become millionaires based on the value of their SpaceX shares, according to Hill.com. Although SpaceX's lack of profitability makes it ineligible to join the S&P 500, its expected fast-track inclusion in the Nasdaq 100 will soon make it a major holding for passive funds and ETFs that track the index, creating a fresh source of demand for its shares. It will take about a month before SpaceX gets added to that index under Nasdaq's new fast-entry rules, as opposed to a typical wait of as much as a year. Some analysts expect SpaceX's debut to trigger a reshuffling of investor portfolios, creating selling pressure on other technology heavyweights as funds rotate into the stock. On Friday, shares of other space firms and satellite companies declined sharply, with Planet Labs down 9 per cent and EchoStar down 11 per cent. SpaceX said its market opportunity spans $28.5 trillion, a figure it called the largest in human history. With its leading position in space - the firm says its operation is responsible for more than four-fifths of the mass launched into orbit over the past three years - and revenues from Starlink, some investors said it has a strong foundation upon which to build. Some analysts have already issued positive ratings on the company, but Morningstar analysts this month said it is more fairly valued at around $780 billion, and CFRA on Friday started coverage with a sell rating. "This is not a name you're buying based on fundamentals. For me, the analogy is Amazon. This was a company that changed the way we live," said Nancy Tengler, CEO and CIO of Laffer Tengler Investments. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) More From This Section EU to start Ukraine membership talks next week as war with Russia drags on US Treasury expands bank data-sharing rules in Trump's immigration push 'False and unfounded': UAE denies reports of $3 billion transfer to Iran As officials say Iran war could end soon, some Trump objectives unfulfilled Trump accuses Iran of attacking Indian ships; Tehran rejects charge
SpaceX Stock Price Prediction: Veteran Warns of a Crash, Compares it to Enron | BanklessTimes
Jim Chanos is warning about the company and its lofty valuation. SpaceX stock price jumped by nearly 20% after its much-anticipated initial public offering, which pushed its valuation to over $2 trillion. It has now become the 7th biggest company in the world after Nvidia, Alphabet, Apple, Microsoft, Amazon, and TSMC. Still, despite the surge, one analyst is warning of an imminent crash. Jim Chanos Warns of SpaceX Stock In a Bloomberg interview, Jim Chanos, a veteran short seller who warned of Enron, sent a blistering warning to investors. He warned that the IPO and the company's valuation reminded him of the Enron era. For starters, Enron was one of the biggest energy trading companies in the United States. It collapsed in early 2000s after it was caught engaging in accounting manipulation. Chanos was one of the top short sellers who warned of the company's risks. Chanos identified two main risks. First, he believes that the company will ultimately engage in massive equity raises, which may lead to dilution among investors. Second, there are concerns about the company's valuation. Its recently released earnings showed that the company made over $18 billion in revenue last year, while losing nearly $5 billion. These losses came mostly from the xAI part of the business, which is burning substantial sums of money. In contrast, Broadcom, which is valued at $1.8 trillion, made $63 billion in revenue last year, and analysts expect that it will make $106 billion and $170 billion this year and in 2027. Similarly, Taiwan Semiconductor, which is valued at the same level as SpaceX, is expected to make $175 billion and $221 billion in the next two years. TSMC has a net profit margin of 45%. Jim Chanos is not the only one warning on the SpaceX stock. In an interview, Nick Colas, the co-founder of Data Take Research, warned that the simple math don't add up to any rational measures of value. He warned that the IPO calculus was simply based on math. Bradley Tusk, another top analyst, believes that it would be crazy to buy shares, pointing to the lofty valuation. Still, some analysts believe that the company is a bargain, pointing to its large addressable markets. For example, its space solutions has a TAM of $370 billion, while starlink broadband, mobile, AI infrastructure, consumer subscriptions, digital advertising, and enterprise applications are worth over $23 trillion. Most IPOs Pop and then Crash The other main risk facing the SpaceX stock price is that many IPOs tend to jump and then crash after that. Indeed, data shows that 91% of them follow this script. In SpaceX's case, the 19% jump was not all that big. For example, Cerebras, a top chipmaker, its stock nearly doubled on day one. Today, it has crashed by over 50%. Similarly, Circle stock more than doubled on day one, and today, it remains much lower than its peak. Just look at all of the recent IPOs, including companies like Figma, Medline, Wealthfront, Venture Global. Chime Financial, and Klarna. Therefore, while SpaceX is a good company, the most likely scenario is where it crashes in the coming months, and then starts to rebound later once it demonstrates revenue growth and profitability.
SpaceX IPO: Elon Musk's Company Surges 19% on Nasdaq Debut, Market Valuation Crosses USD 2 Trillion Milestone
SpaceX shares surged 19% during their Nasdaq debut on Friday, pushing the company's market valuation past the USD 2 trillion threshold. This performance confirms SpaceX as the sixth-largest company in the United States by value and marks a historic milestone as Elon Musk becomes the world's first trillionaire. The shares closed the trading day at USD 160.95 each, resulting in a total market value of USD 2.1 trillion. SpaceX Record-Breaking Market Entry The debut followed a record-setting USD 75 billion initial public offering (IPO), which saw more than 510 million shares change hands. Despite the company currently being unprofitable and generating significantly less revenue than other tech giants of a similar size, investor demand remained exceptionally high. SpaceX's market capitalisation at the time of its debut significantly exceeds that of several other major U.S. IPOs, despite its negative profit margins prior to the offering. SpaceX IPO Makes Elon Musk World's First Trillionaire. The trading process proceeded smoothly, avoiding the technical complications that impacted previous high-profile tech listings. The IPO was characterised by significant retail investor participation, who were allocated roughly 20% of the shares, a notably higher percentage than standard market offerings. This enthusiasm reflects a widespread belief among investors in Musk's long-term vision, with many comparing the opportunity to investing in critical infrastructure during the Industrial Revolution. SpaceX IPO Market Look While the debut generated significant optimism, market analysts have advised caution regarding potential volatility. SpaceX's current price-to-revenue ratio of approximately 112 is substantially higher than other megacap stocks, reflecting investor confidence in future growth rather than current fundamentals. Furthermore, while the company is currently ineligible for the S&P 500 due to its lack of profitability, its expected fast-track inclusion in the Nasdaq 100 is likely to generate further demand from passive funds and ETFs. SpaceX IPO Debut: Know Steps To Buy SPCX Stock As Elon Musk's Aerospace Giant Hits Nasdaq at USD 1.77 Trillion Valuation. The broader market impact of the listing was notable, with shares of other space and satellite companies experiencing a decline as investors adjusted their portfolios. Moving forward, the company's performance will be tested by its ability to scale its Starlink internet service and manage competition from rivals, such as Blue Origin, as it seeks to maintain its dominant position in orbital launches. (The above story first appeared on LatestLY on Jun 13, 2026 07:15 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
Mirae Asset Securities Receives No SpaceX IPO Shares
Mirae Asset Securities refunds investors after Goldman Sachs allocates no SpaceX IPO shares Mirae Asset Securities participated uniquely among domestic securities firms in the subscription for SpaceX's IPO listed on the U.S. Nasdaq market on the 12th, local time, but failed to receive any stock allocations. Consequently, the subscription funds were fully refunded to investors. Mirae Asset Securities informed investors who deposited evidence funds for the SpaceX IPO subscription on the 13th, stating, "We deeply apologize for having to deliver unfortunate news to our customers," and announced the refund. It further stated, "Although our firm was selected as an underwriter for SpaceX's IPO through the issuer and lead underwriter, it was confirmed that no allocations were made during the lead underwriter's final allocation process." It added that the full amount of subscription evidence funds had been processed for refund. Earlier, Mirae Asset Securities conducted the SpaceX IPO subscription for domestic professional investors. According to the securities registration statement filed by SpaceX with the U.S. Securities and Exchange Commission (SEC), Mirae Asset Securities was allocated 0.42% of Class A common shares, amounting to 2,314,815 shares out of a total 505,555,555 shares. SpaceX allocated its IPO shares to 22 securities firms worldwide. Goldman Sachs and Morgan Stanley each received the largest allocations at 111,111,111 shares. Three firms -- Bank of America (BofA), Citigroup, and JPMorgan -- each received 83,333,333 shares. Japan's Mizuho Securities received the same 2,314,815 shares as Mirae Asset Securities. Regarding the fact that no actual IPO shares were allocated, a source from Mirae Asset Securities explained, "The underwriting volume for Mirae Asset Securities listed in SpaceX's SEC filings refers to the underwriting ratio based on participation in the underwriter group," adding, "This is distinct from the final allocation of shares available for sale to investors." It continued, "As stated in the investment prospectus, SpaceX's IPO proceeds through a process including underwriters' acceptance of shares, fulfillment of all conditions, and the lead underwriter's final allocation process," noting, "The actual sales volume allocated to each underwriter is determined at the sole discretion of the lead underwriter." The lead underwriter was Goldman Sachs. The source added, "Mirae Asset Securities had previously informed customers through the investment prospectus and key information document that there could be no allocations," and expressed regret, saying, "We sincerely apologize for the inconvenience caused to our customers who awaited the IPO subscription results."
Retail investors build big dreams on small slices of SpaceX
Tesla, Inc. designs, builds, and sells electric vehicles. Net sales break down by activity as follows: - sale of automotive vehicles (69.4%); - sale of energy generation and storage systems (13.5%); - services (13.2%): primarily maintenance and repair services. The group also develops sale of power train assembly components for electric vehicles activity; - automotive credits (2.1%); - automotive leasing (1.8%). At the end of 2025, the group had 8 manufacturing sites located in the United States (5), China (2) and Germany. Net sales are distributed geographically as follows: the United States (50.2%), China (22.1%) and other (27.7%).
Musk becomes world's first trillionaire as SpaceX shares soar
NEW YORK, United States -- Shares in Elon Musk's SpaceX closed almost 20% higher on their trading debut Friday after the biggest IPO in history, making the polarizing entrepreneur the world's first trillionaire as he vowed to take humanity to Mars. The blockbuster initial public offering, which raised more than $75 billion, is expected to kick off a series of major IPOs by AI companies in the coming months. The debut on the Nasdaq exchange in New York capped weeks of investor frenzy over the rocket company turned AI and satellite conglomerate. The stock climbed as high as $176, or 31% above its offering price of $135, in its first session before ending the day at $161.50. "SpaceX wants to be able to take you to the Moon, take you to Mars, and ultimately beyond," Musk said at a launch event in Starbase, Texas, surrounded by staff, many of whom became multi-millionaires with the launch of trading. "I'm confident at this point that with the incredible team that we have here at SpaceX, that we will do that for you," Musk added. About 100 people assembled outside the Nasdaq's home in New York, where SpaceX also marked the occasion with a neon sign in Times Square. Musk "sets very futuristic goals that no one else is doing, and I think that has got a lot of people excited," said Sarin Sio, of financial company Dovetail, who had come to the Nasdaq headquarters. The company priced more than 555 million shares at $135 each in a Thursday filing with the US markets regulator, valuing SpaceX at just under $1.8 trillion. Friday's gain lifted SpaceX's market value to more than $2 trillion, placing it among the 10 most valuable American companies -- ahead of Tesla, Facebook-owner Meta and Walmart. Options for nearly 83 million additional shares could push the total raised above $86 billion. Co-founded by Musk in 2002, the rocket startup has since expanded into a major satellite operator and has also folded in Musk's artificial intelligence company -- xAI -- which includes the social media platform X. Trading under the ticker symbol "SPCX," the conglomerate is being closely watched for how Wall Street absorbs the offering and what it will mean for its AI rivals looking to trade on the public markets as early as this year. OpenAI and Anthropic both recently filing initial documents with regulators. Friday's IPO comes just over a year after Musk left President Donald Trump's administration, following a months-long stint leading the highly contentious "DOGE" effort to slash government spending -- while simultaneously juggling his CEO roles at Tesla and SpaceX. Musk's backing of Trump and right-wing populists in Europe -- and a long list of incendiary comments on X -- has seen the entrepreneur go from a broadly admired prodigy to a deeply polarizing figure. The record IPO is nonetheless a testament to Musk's continued support among investors, with Bloomberg reporting that the offering was more than four times oversubscribed. Demand among retail investors -- for whom 20% of shares were reserved -- was also reported to be high. New billionaires The IPO is expected to mint thousands of new millionaires and several billionaires, with former and current employees -- and a long list of investors -- from the company's near quarter-century history looking to cash in. The valuation largely depends on Musk delivering on promises worthy of science fiction, including putting data centers in space and humans on Mars using as-yet unproven technology. A lot also hangs on a huge expansion of SpaceX's Starlink satellite internet service as well as the success of xAI, the maker of the Grok chatbot and Musk's rival to OpenAI and Anthropic that has yet to gain traction. In an effort to shore up its books, SpaceX is renting out its AI computing capacity to Anthropic and Google through short-term deals worth billions of dollars. While SpaceX is growing quickly -- revenue hit $18.7 billion in 2025 -- it is also losing money, producing a net loss of $4.9 billion, mainly on spending to build AI capacity. In an extraordinary prediction, SpaceX's filing claims it can pull in more than $28.5 trillion in revenue from its various markets. The milestone makes Musk by far the world's richest person -- an achievement that earned criticism from some quarters. "The world will get its first trillionaire while Americans across the country are scraping together every dollar to save for retirement," said Democratic Senator Elizabeth Warren.
Elon Musk becomes world's first trillionaire after SpaceX makes record debut at Wall Street - CNBC TV18
SpaceX raises $75 billion in record IPO, boosting Elon Musk past 1 trillion net worth, investors pay an Elon premium despite political and governance concerns Few business leaders have been as deeply embedded in popular culture as Elon Musk, the ambitious entrepreneur who has become a central figure in internet culture and amassed a fortune that has made him the world's first trillionaire. At a time when concerns about inequality are high and public attitudes toward the ultra-wealthy have soured, Musk has managed to retain a loyal following despite his stratospheric net worth and without the folksy persona that endeared other tycoons such as Warren Buffett to the masses. While admirers view Musk's no-filter style as part of his appeal, critics have accused him of wielding oligarch-like power, raised concerns about governance at his companies and objected to his increasingly partisan political interventions. Still, SpaceX, the sprawling rocket, satellite and AI company that together with electric-car maker Tesla form the center of Musk's empire, raised a record $75 billion in its initial public offering on Thursday, highlighting investor enthusiasm for his business ventures. Prior to the share sale, Forbes pegged his net worth at roughly $780 billion, far ahead of the man next in line, Alphabet co-founder Larry Page. "The second richest person has been hovering around $300 billion, so about less than one-third of what Musk can potentially be worth tomorrow," said Matt Durot, deputy editor at Forbes Wealth. "And only one other person, (Oracle founder) Larry Ellison, has ever been worth $400 billion." Most of Musk's wealth now rests with SpaceX, where he holds a stake worth roughly $866 billion. Along with Tesla and the rest of his properties, his net worth will exceed $1.1 trillion when the stock begins trading Friday, according to Reuters calculations based on company filings. The tally includes stock components that would vest over time. Musk became a household name through Tesla and SpaceX before expanding his influence with the $44-billion acquisition of social media platform Twitter in 2022. The deal gave him a direct channel to hundreds of millions of users and made him a prominent voice on issues ranging from politics and immigration to government spending and free speech. His move into politics, particularly his role in U.S. President Donald Trump's Department of Government Efficiency last year, has been among his most contentious ventures. The political fallout coincided with weakening Tesla sales in several international markets in 2025 as protests and consumer boycotts targeted the electric vehicle maker. THE ELON PREMIUM Musk, 54, was born in Pretoria, South Africa, to a Canadian mother and South African father. He attended the University of Pennsylvania, graduating in 1997. He took over as Tesla's CEO in 2008 with the conviction that electric vehicles could combine high performance with software-driven features, helping redefine the global automotive industry. Some auto-industry watchers say Tesla's success - and its trillion-dollar-plus market cap - helped prod traditional automakers to pivot to electric cars. Many investors are betting he can repeat the feat in space and artificial intelligence. Yet SpaceX remains cash-hungry, and much of the company's valuation rests on technologies that may take years or decades to become commercially viable. Beyond Tesla and SpaceX, Musk has co-founded five other companies, including tunnelling startup The Boring Company and brain implant maker Neuralink. As CEO of Tesla, Musk has courted controversy and praise in equal measure. He is credited with turning Tesla into the world's most valuable automaker. Executives at legacy automakers dismissed the threat for years, sceptical that a startup car company could figure out how to mass-produce electric vehicles profitably. "He renewed the world's respect for American ingenuity in automotive engineering," said Bob Lutz, a former General Motors vice chairman. At the same time, Tesla has faced legal challenges and shareholder concerns tied to its storied CEO, particularly his 2018 pay package, once worth $56 billion. Musk's influence has become so pervasive that market observers have dubbed the network of businesses around him the "Muskonomy." The phenomenon has given rise to what some investors call the "Elon premium," a valuation boost driven as much by faith in Musk's vision as by traditional financial metrics. "Much like Tesla, SpaceX is a bet on Elon Musk," said Matt Kennedy, senior strategist at Renaissance Capital, a provider of IPO-focused research and ETFs. "A market cap of $1.5 trillion-$2 trillion would certainly throw all traditional valuation methodologies out the window, and is instead best characterized as the 'Elon Musk premium.'" MUSK UNFILTERED The concentration of influence around a single entrepreneur has amplified concerns about corporate governance, conflicts of interest and the risks of tying company fortunes too closely to one individual. Over the years, Musk has turned clashes with regulators, billionaires, short sellers, journalists and media organizations, including Reuters, into recurring public battles that often unfolded on social media. Musk's alliance with Trump followed a familiar pattern. After helping bankroll Trump's return to the White House and serving in a senior advisory role through the administration's DOGE initiative, Musk became one of the president's closest corporate allies. The relationship later fractured amid disagreements over policy and spending, spilling into a public feud. Though the two have since struck a more conciliatory tone, their falling-out highlighted the increasingly blurred lines between Musk's business empire and political ambitions. Yet for many investors, concerns about Musk's often unconventional behaviour are outweighed by his track record of turning ambitious ideas into some of the world's most valuable companies. "Elon is the Edison of our time," JPMorgan Chase CEO Jamie Dimon said during a recent conversation with Musk. The banker, a former adversary of Musk in a prolonged legal battle, has since become an admirer. Dimon told CNBC last year that the pair had "hugged it out," and hailed Musk as "our Einstein." Also Read: US markets close cautiously higher as hopes for Iran peace deal rise amid SpaceX mania
Anthropic suspends access to Fable 5, Mythos 5, citing US directive
Anthropic has abruptly disabled its flagship AI models after a US government directive citing national security concerns. Anthropic has suspended access to its Fable 5 and Mythos 5 AI models after receiving a US government export control directive citing national security concerns. In a statement posted Friday, Anthropic said the government order requires it to suspend all access to Fable 5 and Mythos 5 by any foreign national, whether inside or outside the United States, including foreign national Anthropic employees. The AI firm said it received the directive at 5:21 pm ET, and the "net effect" of the order is to abruptly disable the models for all users to ensure compliance. It said the government did not provide specific details about the alleged threat, but said it believes authorities are concerned about a possible "jailbreak" method capable of bypassing the models' safeguards. However, Anthropic defended its model's guardrails, maintaining that over thousands of hours of penetration testing, a "universal jailbreak" -- a method to broadly bypass the model's safeguards -- had been found. "To date, the government has only given us verbal evidence of a potential narrow, non-universal jailbreak, which essentially consists of asking the model to read a specific codebase and fix any software flaws," said Anthropic.
Anthropic cuts global access to Mythos models after US export controls
The US Commerce Department ordered Anthropic to halt all transfers of its most advanced AI models to non-US persons, citing national security risks Anthropic has pulled the plug on global access to its most powerful AI models after the US government decided they were too dangerous to share with the world. The company suspended access to Claude Mythos 5, Mythos Preview, and the related Fable 5 variant as of June 2026, following a directive from the US Commerce Department. The order came directly from Commerce Secretary Howard Lutnick in a letter to Anthropic CEO Dario Amodei on June 1, 2026. It mandated that any export, re-export, or domestic transfer of these models to non-US persons must receive governmental approval first. Anthropic publicly confirmed its compliance on June 13, 2026. What the export controls actually require The suspension applies to foreign nationals located inside the United States as well. If you're a non-US person sitting in a coffee shop in San Francisco, you're also cut off. The Commerce Department's reasoning centers on the Mythos models' advanced cybersecurity capabilities and the concern that these models could potentially be weaponized by adversaries if access isn't tightly controlled. Before the suspension, the Mythos models weren't exactly available to everyone anyway. They were distributed through a program called Project Glasswing, which provided limited access primarily to US-based firms like Microsoft, Google, and NVIDIA. The focus was on addressing critical cybersecurity vulnerabilities, essentially letting America's biggest tech companies use the models as digital immune systems. The dual-use dilemma hits home The directive reflects concerns raised during the Trump administration about certain frontier AI models being too hazardous for broader foreign use. The Commerce Department's move represents a proactive stance, intervening before any known breach or misuse rather than reacting after the fact. What this means for investors The most immediate implication is that the addressable market for the most advanced AI models just got smaller. If only US persons and approved entities can access frontier cybersecurity AI, that eliminates a massive chunk of potential customers. International enterprises, foreign governments, and multinational corporations with non-US staff all face new friction. For the broader AI industry, this sets a clear precedent. The US government is willing to treat frontier AI models the way it treats advanced semiconductors or military technology: as strategic assets that require export licensing.
US orders Anthropic to halt foreign access to its most advanced AI models
The US government has ordered Anthropic to halt access for foreign nationals to its Fable 5 and Mythos 5 artificial intelligence models. This directive stems from national security concerns. Anthropic believes there may be a misunderstanding and is working to restore access. Other Anthropic models remain unaffected by this order. Anthropic said on Friday it has been ordered by the US government to suspend access for all foreign nationals to its Fable 5 and Mythos 5 artificial intelligence models, citing national security concerns. The company said it received the export control directive on Friday from the government, which gave no specific details of its national security concern. It is Anthropic's understanding, however, that the government believes it has become aware of a method of bypassing, or "jailbreaking," Fable 5, according to the company's statement. "The net effect of this order is that we must abruptly disable Fable 5 and Mythos 5 for all our customers to ensure compliance. Access to all other Anthropic models will not be affected," Anthropic said. Anthropic added that it believed there was a "misunderstanding" and that it is working to restore access to the models as soon as possible.
US orders Anthropic to halt foreign access to its most advanced AI models
The company said it received the export control directive on Friday from the government, which gave no specific details of its national security concern. WASHINGTON: Anthropic said on Friday it has been ordered by the US government to suspend access for all foreign nationals to its Fable 5 and Mythos 5 artificial intelligence models, citing national security concerns. The company said it received the export control directive on Friday from the government, which gave no specific details of its national security concern. It is Anthropic's understanding, however, that the government believes it has become aware of a method of bypassing, or "jailbreaking", Fable 5, according to the company's statement. "The net effect of this order is that we must abruptly disable Fable 5 and Mythos 5 for all our customers to ensure compliance. Access to all other Anthropic models will not be affected," Anthropic said. Anthropic added that it believed there was a "misunderstanding" and that it is working to restore access to the models as soon as possible.
