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The latest news and updates from companies in the WLTH portfolio.
SpaceX and Amazon are tech dopplegangers worth $4.5 trillion -- and they're headed for a collision
A charismatic founder with near-obsessive conviction, a business that bleeds money, and a stock price based on a wildly optimistic valuation. In 1997, Jeff Bezos took Amazon public at a price of $18 per share at a $438 million valuation. The online bookseller's stock would then crater 90% after the dot-com bubble burst, before flourishing into a $2.6 trillion conglomerate that raked in $77.7 billion last year. Enter SpaceX in 2026. Founded by Elon Musk, the company lost $4.9 billion last year, and went public at $135 a share in June, with a valuation that quickly rose to a sky-high $2 trillion. The two mega-cap companies are primarily known for businesses that have little in common, with Amazon dominating the online retail business while SpaceX has become the world's leading rocket maker. But look a little closer, and the two companies have strikingly similar silhouettes which seem likely to bump up against each other ever more frequently as they compete on the public market stage. Perhaps more than any other tech companies out there today, Amazon and SpaceX are both conglomerates with broad collections of assets and businesses that each believe work together to create a more powerful whole. Both companies offer satellite-beamed high-speed internet access. They're both in the cloud computing and AI infrastructure business with expensive data centers. Chips? Amazon's Trainium and Graviton processors hit an annual revenue run rate above $20 billion in Q1, nearly doubling the $10 billion run rate from the previous quarter. SpaceX has a chip-manufacturing initiative called Terafab with a goal of producing one terawatt of compute hardware each year. Amazon and SpaceX each also have advertising platforms, with Amazon ginning up $68.6 billion in ad revenue last year while SpaceX's X platform -- the social media service formerly known as Twitter -- lived inside the AI segment that posted a $6.4 billion operating loss. If you squint, you can see them as doppelgängers with one big difference -- or to be more accurate, nearly 700 billion differences. Amazon hit $716.9 billion in revenue in 2025 and $80 billion in operating income compared to SpaceX's $18.7 billion of revenue and a $2.6 billion operating loss. Investors are focused on the opportunity ahead, of course. Amazon trades at roughly 3.6 times last year's sales and about 28 times forward earnings. SpaceX trades at about 97 times sales, and had a $4.9 billion net loss. "You're basically buying [SpaceX] at an Amazon valuation when it has one-twentieth the revenue of Amazon," said Jim Lebenthal, a veteran investor and chief markets strategist at Cerity Partners. "SpaceX is an incredibly cool company -- it's amazing, everything they're doing. I also think it's wildly overvalued right now." Looking at the rival companies piece by piece, you can see that in nearly every competitive line of business, Amazon is more profitable and growing. But it was also the company that took a nosedive that nobody wanted to own on the way down. Whether SpaceX can fill its shoes requires an extraordinary amount to go right, said Lebenthal. Here's a look at how the two multi-trillion tech conglomerates stack up. Satellites Starlink, SpaceX's high-speed satellite-based internet service, is the company's current golden child, with $11.4 billion in revenue last year. It counts United Airlines, Carnival, Maersk, and John Deere as customers, and grew 50% year over year, with $4.4 billion in operating income at a 39% margin. Starlink is SpaceX's only profitable segment and a sum-of-the parts analysis from investment bank Stifel last week valued it at $1.25 trillion, just more than half of SpaceX's $2.45 trillion enterprise value. But there's a caveat. FactSet projects SpaceX will need to raise roughly $250 billion in debt over the next four years to fund its growth, according to Lebenthal, so a lot is riding on Starlink's shoulders. Amazon is the runt in this match-up. While Starlink has 9,600 satellites deployed and still in orbit, Amazon's Leo has just started to really get into a groove with about 330 satellites, according to Stifel. But Amazon sees big potential in space. In April, Amazon agreed to acquire Globalstar for $11.6 billion with the goal of expanding Leo's satellite network. And the company recently unveiled enterprise-grade Leo Ultra, which it says is the fastest satellite-internet antenna ever built. Amazon also inkeddeals with Delta Airlines and Jet Blue to expand wi-fi access on hundreds of aircraft in 2028. Cloud and Compute Amazon essentially invented the cloud business, and the company has the clear advantage right now. Amazon Web Services (AWS) posted $128.7 billion in revenue in 2025, with $45.6 billion in operating income at a 35% margin. AWS picked up the pace in the first quarter, growing 28% to $37.6 billion in revenue. Anthropic uses Amazon Trainium 2 chips to train Claude, and Amazon CEO Andy Jassy told investors that AWS's AI revenue run rate topped $15 billion in Q1 2026 and is "ascending rapidly." SpaceX is moving fast though. The company already has Colossus I and II data centers, and has signed lease deals with Anthropic and Google. And the company says its ultimate goal is to send the AI buildout into orbit. In 2025, SpaceX's AI segment generated $3.2 billion in total revenue against a $6.4 billion operating loss and in the first quarter of 2026 it lost $2.5 billion on $818 million in revenue. Dan Niles, founder of Niles Investment Management said SpaceX's compute operation today is more at a level with $5 billion CoreWeave or Amsterdam-based Nebius rather than at the level of AWS. "I don't view them as similar companies at all," said Niles. Justin Menne, a portfolio manager at Harbor Capital, sees it in terms of visibility. Amazon has a contracted backlog of $364 billion and competitive inference chips, he said, while SpaceX has plans to build. "I think in order to believe that the total enterprise value makes sense here, you're inherently giving a lot of credibility to the management team, the engineering team, in order to actually execute," said Menne. The Musk factor Menne said he hadn't done any modeling on how much the Musk premium adds to SpaceX's valuation but the non-technical answer is, "a lot," he said. Lebenthal admires Musk's accomplishments but called him "a source of discomfort" for some value investors. "It's because he says outlandishly optimistic things," Lebenthal said, Musk projected $1 trillion in revenue at SpaceX by 2030, while Lebenthal noted estimated revenues are about $40 billion for 2026. "You can't just say that and $960 billion of incremental revenue is going to come to the table," he said. SpaceX is an innovation stock that really appeals to investors who are dreamers, he added, like Ark Invest's Cathie Wood. On SpaceX's first day of trading, Wood's Ark invested about half a billion in SpaceX, and has purchased more as the price has ebbed since its opening day. Amazon founder Jeff Bezos has a similar larger-than-life profile and reputation for entrepreneurial genius as Musk does. But Bezos transitioned from CEO to executive chairman in 2021 (he still reportedly has some involvement in important priorities like AI, but his day-to-day attention seems focused on Blue Origin, his space exploration company, and Prometheus, a new AI startup he cofounded). Harbor Capital's Menne said there is no equivalent key-man premium at Amazon because "the current value of the company is less reliant on the next five years of executing on something that doesn't already exist." That said, Niles said there's a clear alternative for investors drawn to Musk. The other public company where he serves as CEO, Tesla, has near-term initiatives that include robotics, autonomous fleets, and energy storage which "are likely to come to fruition before a colony on Mars," said Niles. Still, the Musk premium can't be discounted. "Elon has this talent for making money for investors, even if crazy projections don't play out," said Menne. The $28.5 trillion TAM SpaceX's prospectus claims a total addressable market of $28.5 trillion -- roughly the size of the U.S. GDP. Of that, $22.7 trillion is a third-party estimate of the entire global "digital economy." Value-minded Lebenthal noted that "it's earnings you want, not TAM." Menne said the enterprise AI portion "is really hard to underwrite because companies have only just started actually charging for a lot of these services in a way that's not gross-margin negative." Niles added that there's inherent competition in that stratospheric figure. "There are some really pretty good companies in that space," he said. "Maybe you can take all that share from Microsoft and others, but I think Microsoft is a pretty good company." SpaceX is targeting a $1.6 trillion market for connectivity and $26.5 trillion for AI. But Amazon Leo is also gunning for the former. Amazon's AWS generated $128.7 billion in cloud revenue last year, and hosts Anthropic and OpenAI while presiding over a $364 billion contracted backlog. Both can throw down gauntlets over the TAM, but Amazon can point to revenue of $716 billion last year to SpaceX's $18.7 billion. The post SpaceX and Amazon are tech dopplegangers worth $4.5 trillion -- and they're headed for a collision appeared first on Fortune.
The Rise of AI Website Builders: Where Bezier AI Fits Among Cursor, Lovable, Bolt.new, v0, Replit, and GitHub Copilot
The AI website builder market is evolving rapidly. Discover how Bezier AI compares with Cursor, Lovable, Bolt.new, v0, Replit, and GitHub Copilot. As artificial intelligence continues to reshape software development, a new generation of AI-powered website builders is changing how digital products are created. From AI coding assistants like GitHub Copilot and Cursor to prompt-based development platforms such as Lovable, Bolt.new, v0, and Replit, businesses and entrepreneurs now have more choices than ever. Among these emerging platforms, Bezier AI is positioning itself as a new entrant focused on simplifying website creation through natural language. The Shift from Coding to Conversations: For decades, building a website required a combination of programming skills, UI design, frontend development, backend integration, testing, deployment, and continuous maintenance. Even no-code platforms reduced only part of that complexity, often requiring users to understand layouts, workflows, and design principles. The emergence of generative AI is changing that equation. Marketing Technology News: MarTech Interview with Theresa Pham, Head of Product @ Wayvia Instead of writing HTML, CSS, JavaScript, or React components, users can now describe what they want in plain English. AI interprets those instructions and generates functioning interfaces, dramatically reducing the time required to move from an idea to a working prototype. This new approach has given rise to what many developers now refer to as AI-first development or vibe coding, where natural language becomes the primary interface for creating software. A Rapidly Expanding AI Development Ecosystem The AI software creation landscape has evolved quickly over the past two years. Developer-focused assistants such as Cursor, GitHub Copilot, and OpenAI Codex help programmers write, review, and refactor code more efficiently. Platforms like Replit combine cloud development environments with AI-assisted coding to simplify collaborative software development. Meanwhile, products including Lovable, Bolt.new, and v0 have popularized prompt-driven interface generation, enabling founders and designers to prototype products without manually building every component. Rather than replacing developers entirely, these tools are increasingly becoming productivity multipliers that reduce repetitive work and accelerate experimentation.
'Stop AI Race': Workers, students protest at OpenAI, Anthropic, Google's US offices as layoffs surge
People working in artificial intelligence and students were among a San Francisco crowd of about 400 protestors marching outside the offices of prominent tech companies OpenAI, Anthropic and Google DeepMind, which are leading the AI boom while thousands of employees continue to lose their jobs in the technology sector. The high-emotion march targeting AI companies on July 11 was organised by 'Stop the AI Race.' As established on its website, the group has a single demand: "Every major AI lab CEO must publicly commit to pausing frontier model development if every other major lab in the world credibly does the same." The same message was carried this weekend as a diverse group of protestors called for greater regulation of the AI industry, demanding that companies restrict all new AI model training. Anti-AI marchers cited concerns over rising rents, job cuts, existential risk and environmental harm, as seen in a video amplified by Reuters. Anti-AI protests at OpenAI, Anthropic and Google offices in San Francisco At first demonstrators gathered in front of the Mission Bay headquarters of Sam Altman's AI startup before marching to the offices of Anthropic and Google DeepMind on Saturday (US time), according to photos of the development shared by San Francisco-based nonprofit news site Mission Local. Protesters voiced their concerns through messages displayed on the many signs and banners they carried during the event, as they condemned the rise of artificial intelligence and the subsequent phasing out of the human workforce. Some of these anti-AI messages seen during the march were: * "Stop the AI Race" * "AI is a weapon of mass destruction" * "Survival over profits" * "Pause AI" * "AI is not inevitable" * "It would be bad to get into an arms race over AI" * "Stop slop" * "It's not too late to regulate" * "In a race off a cliff no one wins" Who was behind the 'Stop the AI Race' protests in San Francisco? The Stop the AI Race march was led by activist and former AI researcher Michael Trazzi. He first gained attention for going on a hunger strike last year outside Google DeepMind's office in London while demanding that AI development be frozen. On Saturday, Trazzi ended up leading the group of AI-hating protestors to chant expletives against OpenAI's Sam Altman and Anthropic CEO Dario Amodei, the San Francisco Chronicle reported. "We are in an emergency," he told others. "The problem is they can't stop the race, unless other people stop." Before this weekend's demonstration, the former AI researcher marched on Anthropic, OpenAI and Elon Musk's xAI, calling for a conditional pause on the advancing tech, in March as well. Although neither company has directly responded to the group's demands, the 'Stop the AI Race' website alludes to DeepMind CEO Demis Hassabis reacting to calls for a collective pause on development in an interview with a Bloomberg journalist. The January interaction caught the tech leader saying, "I think so." Elsewhere, Anthropic's CEO Dario Amodei has also repeatedly brought up dangers linked to AI. His assessment even landed the company in trouble with the Donald Trump administration as Anthropic and the Pentagon clashed over the military's use of AI. "Fundamentally, the enormous returns to intelligence in terms of power in the world, combined with the rapid pace of AI's progress, creates a perfect storm for a surprise seizure of power by a range of dangerous actors," Amodei wrote in a June blog post. "The danger could take a variety of specific technological or operational forms, but what they all have in common is the idea that AI could suddenly confer enormous power while routing around existing mechanisms of democratic oversight." "A fully automated drone army that sounds like science fiction today could, in the future, obey unlawful orders and allow governments to unilaterally entrench their power; professionally-trained humans are more likely to object to such illegal direction." The rising streak of 'Stop the AI Race' protests is a lot like the recent viral trend of fresh graduates "booing" numerous tech leaders addressing their university commencement speeches at a series of graduation ceremonies this year. Several top executives in their field, including former Google CEO Eric Schmidt and Tavistock Development VP Gloria Caulfield, faced relentless backlash in real time as they prompted the inevitability of AI at US universities. On its website, the Stop the AI Race group asserts "protest marches are just the start" of the calculated retaliatory efforts against architects of AI systems who continue to obsess over one-upping each other in a cut-throat competition of their own creation. The surge in criticism against artificial intelligence aligns with massive layoff waves across the industry, costing employees their jobs. As Big Tech firms like Microsoft, Meta, and many more assume a more AI-first business strategy, more than 120,000 employees have already been laid off across 228 tech companies as of this week, according to the live layoff tracker Layoffs.fyi.
Wall Street feasts on fees from SpaceX IPO and mega-mergers
New York | Wall Street banks this week are set to report their biggest haul from investment banking fees in four and a half years, fuelled by SpaceX's blockbuster stock market listing and a resurgence in mega-mergers. The five largest US investment banks - JPMorgan Chase, Goldman Sachs, Morgan Stanley, Bank of America and Citigroup - are forecast to report a year-on-year fees increase of 27 per cent in the second quarter, according to estimates compiled by Bloomberg.
How Low Can SpaceX Stock Go?
Space Exploration Technologies (SPCX 4.51%) went public on June 12. Its stock promptly soared to a peak of $225, giving the company a whopping $2.9 trillion market capitalization, but it has since plummeted by 35% to close at $145 on Friday, July 10. SpaceX has a unique business that spans space transportation, satellite internet connectivity, and artificial intelligence (AI) infrastructure, and its revenue is forecast to grow rapidly over the next couple of years. However, its stock remains extremely expensive even after its recent decline, which could open the door to more losses for investors. How low can SpaceX stock go? SpaceX has a significant opportunity ahead Before we dive into SpaceX's hefty valuation and the math behind a potential decline in its stock, let's examine the company's business, which does have significant growth potential. It's divided into three core segments: SpaceX already accounts for over 80% of the world's mass to orbit, so it's launching more commercial payloads than any other company or organization on the planet. Its market share will only grow once its Starship rocket enters regular service, because its 100-ton payload capacity is four times that of the Falcon 9 rocket, which completes most trips today. The connectivity business is also set to receive a massive boost, as SpaceX will start launching its V3 satellites later this year, which offer a whopping 10 times the bandwidth of the current V2 satellites. Moreover, Starship will launch 60 V3 satellites into orbit per trip, whereas Falcon 9 is only capable of sending 27 at a time. Moving on to the AI segment, most of its revenue comes from Grok subscriptions and renting data center capacity to other companies. When SpaceX bought xAI, it took ownership of data centers like Colossus and Colossus II, which are fitted with hundreds of thousands of specialized AI chips from suppliers like Nvidia and Advanced Micro Devices. SpaceX eventually wants to send AI computing clusters into space, where they will run on solar power and won't need complex cooling systems. This infrastructure would send data back to Earth via Starlink satellites, giving SpaceX a huge advantage over any potential competitors entering this industry. Although Elon Musk founded SpaceX to focus on space exploration and transportation, the company values its opportunity in this segment at just $370 billion. That pales in comparison to the potential $1.6 trillion addressable market in the connectivity business, and the staggering $26.5 trillion opportunity in the AI infrastructure business. SpaceX stock is trading at a sky-high premium to the broader market SpaceX generated $18.7 billion in total revenue during 2025, which was up 33% from the prior year. This was the composition: Data source: SpaceX. While connectivity was the largest and fastest-growing segment last year, that looks set to change. SpaceX recently agreed to rent up to $1.25 billion in AI computing capacity per month to Anthropic, in addition to another $920 million per month to Alphabet, and $150 million per month to Reflection AI. These deals could amount to tens of billions of dollars in annual revenue over the next few years. In fact, Wall Street's average forecast (provided by Yahoo! Finance) suggests SpaceX could more than double its revenue to $38.8 billion in 2026 and then generate $72.4 billion in revenue in 2027. That brings me to its valuation. Based on SpaceX's trailing 12-month revenue and its $1.91 trillion market capitalization, its stock is trading at a price-to-sales (P/S) ratio of 98.9, making it 15 times as expensive as the Nasdaq-100 index, which has a P/S ratio of just 6.4. In other words, SpaceX is wildly overvalued relative to its big-tech peers. Even if we value SpaceX stock using Wall Street's 2027 revenue forecast, its forward P/S ratio is still a hefty 26.3. I'm not predicting this will happen, but the stock would have to plummet by 76% over the next 18 months just to trade in line with the current P/S ratio of the Nasdaq-100 index. In my opinion, the math suggests SpaceX stock will have a tough time generating upside for the foreseeable future, and I won't be surprised to see a decline of 50% (or more), particularly if the company fails to meet Wall Street's revenue expectations.
Anthropic extends Claude Fable 5 access to paid subscribers until July 19: Here's what changes later
Claude power users have received an extra week to keep using Anthropic's most powerful AI model, Claude Fable 5. The AI startup on Sunday, July 12, announced that it will be extending access to Claude Fable 5 for paid subscribers until July 19. Subscribers of Claude Pro, Max, Team, and premium seats on seat-based Enterprise plans, where enabled by the organisation, are eligible for the extended promotion. However, free tier users, standard seats on seat-based Enterprise plans, usage-based Enterprise plans, or API usage of Fable 5 are not eligible. Earlier Anthropic had said Fable 5 would be accessible via its Pro, Max, Team, and premium Enterprise subscriptions only through July 7. After the deadline, users who want to continue using Fable 5 would need to pay for additional usage credits. The initial July 7 deadline was then extended to July 12. Now, it has been extended for a third time and is set to expire on July 19. To be sure, carving out Fable 5 access from its subscriptions is not a permanent move as Anthropic has plans to restore access when it has enough compute power to handle the demand. "We've extended this promotion through July 19, 2026 at 11:59:59 PM PT," Anthropic noted in a support document. The 50% increase to Claude Code weekly usage limits has also been extended through the same date," Anthropic said in a post on X. What does it mean for subscribers? Fable 5 draws from the same weekly usage pool as other Claude models. As part of the extended promotion, paid subscribers can use Fable 5 for up to 50 per cent of their weekly subscription limits at no extra cost without having to claim or activate anything. However, according to Anthropic, Fable 5 consumes weekly tokens faster than any other Claude AI models. Story continues below this ad Also Read | Anthropic set to restore Fable 5 and Mythos 5 after US lifts export restrictions There are several ways to access Fable 5 for paid subscribers. The high-performance, cutting-edge model can be accessed across Claude on the web, Claude Mobile, Claude Desktop, Claude Cowork, Claude Code, Claude Design, Claude for Microsoft 365, Claude for Teams, and Claude Tag. The web, desktop, and mobile versions of Claude allow users to select Fable 5 from the model picker. Once subscribers reach their 50 per cent weekly Fable 5 allowance, they can either continue accessing Fable 5 with usage credits which are billed separately from their subscriptions or switch to another Claude model in order to continue working within their remaining subscription limits at no additional cost.
Europe just unveiled a reusable rocket concept that could challenge SpaceX's Starship
As SpaceX pushes ahead with Starship, researchers in Europe have proposed a different approach to building heavy rockets. A new study by the German Aerospace Center (DLR) presents a concept called RLV C5, a partially reusable launch vehicle that could give Europe its own super-heavy launch capability without following Starship's design.The study says Starship has already changed how the space industry thinks about heavy rocket launches. In 2023, the rocket successfully lifted off from Texas using all 33 of its engines. Later, during its fifth integrated flight test, the Super Heavy booster returned after launch and was caught by the giant mechanical arms of the launch tower, showing how reusable rocket technology is advancing.SpaceX is now developing Starship to carry more than 100 metric tonnes to low Earth orbit, the region of space closest to Earth where most satellites operate. The company also plans to make the entire rocket fully reusable so it can fly again after each mission.The DLR researchers said that instead of simply accepting SpaceX's published figures, they independently analysed videos from Starship's first four integrated flight tests. They extracted flight data and used it to build computer models to estimate the rocket's real performance.After analysing Starship, the researchers presented the RLV C5 as a possible European alternative. Rather than building a fully reusable rocket like Starship, the concept uses a partially reusable design.The RLV C5 uses a reusable winged booster from DLR's SpaceLiner project with an expendable upper stage that carries the payload into orbit. According to the study, this approach could reduce the complexity and cost of developing a fully reusable launch system.Unlike Starship, which uses methane and liquid oxygen, the RLV C5 would use liquid hydrogen and liquid oxygen. The researchers say this fuel combination is more efficient.The booster would also return differently. Instead of landing vertically using rocket engines, it would glide back through Earth's atmosphere on wings before being captured in mid-air by a large subsonic aircraft. According to the researchers, this means the booster would not need to keep fuel aside for landing, allowing more fuel to be used for carrying payload into space. The study estimates that the current reusable version of Starship can carry around 59 tonnes to low Earth orbit. A future version with Raptor 3 engines and larger fuel tanks could carry around 115 tonnes while remaining reusable. If flown as an expendable rocket, it could carry up to 188 tonnes into orbit.The proposed RLV C5 would be capable of launching more than 70 tonnes into orbit. While it cannot match Starship's maximum payload, the researchers say it makes more efficient use of its mass.According to the study, Starship is more than three times heavier than the RLV C5 because it is designed to be fully reusable. Much of that extra weight comes from features needed for repeated flights, including heat shield tiles, landing fuel and stronger structures.The researchers estimate that around 40 per cent of Starship's mass reaching orbit is useful payload. In comparison, the RLV C5 could send around 74 per cent of its mass-to-orbit as payload because of its simpler partially reusable design.
Musk Collects R40 Billion A Month In AI Rent From Google And Anthropic
Anthropic pays SpaceX $1.25 billion a month for compute. Google pays $920 million. Combined, the two AI leases are worth more than SpaceX entire 2025 revenue. Musk is the landlord of the AI race. Anthropic agreed to pay SpaceX $1.25 billion (R22.9 billion) every month for three years to rent GPU capacity at the Colossus 1 datacentre in Memphis, Tennessee. The deal, signed in May, gives Anthropic access to more than 220,000 Nvidia GPUs and over 300 megawatts of compute, which is roughly the power draw of a small city. Google signed its own lease weeks later. The search giant will pay SpaceX $920 million (R16.8 billion) a month starting October, for roughly 110,000 GPUs, running through June 2029. Combined, the two contracts are worth $2.17 billion (R39.7 billion) a month, or about $26 billion (R476 billion) a year, which is more than SpaceX's entire 2025 revenue of $18.67 billion (R341.7 billion), according to the company's S-1 filing. One tenant, paying monthly rent, nearly matching the whole company's annual turnover. (Landlord of the year, frankly.) Both companies are paying for infrastructure that was built for xAI, Musk's AI venture, which SpaceX acquired in February in an all-stock deal valued at roughly $1.25 trillion (R22.9 trillion). The merged entity went public in June at $1.77 trillion (R32.4 trillion), closing its first day of trading above $2.1 trillion (R38.4 trillion) on Nasdaq under the ticker SPCX. It was the largest IPO in history. SpaceX builds the datacentres, AI companies pay rent on them, and the rent now exceeds every other revenue line the company has. Starlink, the satellite internet business that was SpaceX's main income source, generated $11.4 billion (R208.6 billion) in 2025. The two AI leases will generate more than double that, annually, from two customers alone. The deals exist because the AI industry has run into a wall that money alone cannot fix: there are not enough chips, power, or datacentres on Earth to meet demand. Anthropic needs the capacity for its Claude models. Google needs what it calls "bridge capacity" for Gemini Enterprise, its agentic AI platform, which has grown faster than even Google's own infrastructure can handle. In January, SpaceX filed an application with the US Federal Communications Commission for permission to launch and operate up to one million satellites as part of its Orbital Data Center system, internally called Starmind. The AI1 satellite design features a 70-metre wingspan and a 150-kilowatt peak compute payload, with interchangeable hardware for different processors. Musk has said he wants to begin launching them by 2028, using Starship, and has described space as "the only way to scale AI." The rationale is uninterruptible solar power and lower cooling costs, the two biggest operating expenses for Earth-based datacentres. Nvidia has already built a chip for this. The Space-1 Vera Rubin Module, announced at GTC 2026, is designed to deliver datacentre-class AI compute in space, with up to 25 times the AI compute power per GPU compared with the H100. It is expected to be available in 2027. Whether the orbital datacentres arrive on schedule is a separate question (they will not). The Earth-based revenue is already real. Anthropic's contract alone could generate more than $40 billion (R732 billion) over its three-year term. Google's deal adds another $30 billion (R549 billion) if it runs to completion. The termination clauses are loose: Google can exit with 90 days' notice after December, and Anthropic's ramp-up period has already passed. Musk, in other words, has found a way to charge rent to the companies building the future. Whoever's model wins, Claude or Gemini or his own Grok, the landlord gets paid. [Sources: Tom's Hardware, Anthropic, Teslarati & FCC]
SpaceX and Amazon are tech dopplegangers worth $4.5 trillion -- and they're headed for a collision | Fortune
A charismatic founder with near-obsessive conviction, a business that bleeds money, and a stock price based on a wildly optimistic valuation. In 1997, Jeff Bezos took Amazon public at a price of $18 per share at a $438 million valuation. The online bookseller's stock would then crater 90% after the dot-com bubble burst, before flourishing into a $2.6 trillion conglomerate that raked in $77.7 billion last year. Enter SpaceX in 2026. Founded by Elon Musk, the company lost $4.9 billion last year, and went public at $135 a share in June, with a valuation that quickly rose to a sky-high $2 trillion. The two mega-cap companies are primarily known for businesses that have little in common, with Amazon dominating the online retail business while SpaceX has become the world's leading rocket maker. But look a little closer, and the two companies have strikingly similar silhouettes which seem likely to bump up against each other ever more frequently as they compete on the public market stage. Perhaps more than any other tech companies out there today, Amazon and SpaceX are both conglomerates with broad collections of assets and businesses that each believe work together to create a more powerful whole. Both companies offer satellite-beamed high-speed internet access. They're both in the cloud computing and AI infrastructure business with expensive data centers. Chips? Amazon's Trainium and Graviton processors hit an annual revenue run rate above $20 billion in Q1, nearly doubling the $10 billion run rate from the previous quarter. SpaceX has a chip-manufacturing initiative called Terafab with a goal of producing one terawatt of compute hardware each year. Amazon and SpaceX each also have advertising platforms, with Amazon ginning up $68.6 billion in ad revenue last year while SpaceX's X platform -- the social media service formerly known as Twitter -- lived inside the AI segment that posted a $6.4 billion operating loss. If you squint, you can see them as doppelgängers with one big difference -- or to be more accurate, nearly 700 billion differences. Amazon hit $716.9 billion in revenue in 2025 and $80 billion in operating income compared to SpaceX's $18.7 billion of revenue and a $2.6 billion operating loss. Investors are focused on the opportunity ahead, of course. Amazon trades at roughly 3.6 times last year's sales and about 28 times forward earnings. SpaceX trades at about 97 times sales, and had a $4.9 billion net loss. "You're basically buying [SpaceX] at an Amazon valuation when it has one-twentieth the revenue of Amazon," said Jim Lebenthal, a veteran investor and chief markets strategist at Cerity Partners. "SpaceX is an incredibly cool company -- it's amazing, everything they're doing. I also think it's wildly overvalued right now." Looking at the rival companies piece by piece, you can see that in nearly every competitive line of business, Amazon is more profitable and growing. But it was also the company that took a nosedive that nobody wanted to own on the way down. Whether SpaceX can fill its shoes requires an extraordinary amount to go right, said Lebenthal. Here's a look at how the two multi-trillion tech conglomerates stack up. Satellites Starlink, SpaceX's high-speed satellite-based internet service, is the company's current golden child, with $11.4 billion in revenue last year. It counts United Airlines, Carnival, Maersk, and John Deere as customers, and grew 50% year over year, with $4.4 billion in operating income at a 39% margin. Starlink is SpaceX's only profitable segment and a sum-of-the parts analysis from investment bank Stifel last week valued it at $1.25 trillion, just more than half of SpaceX's $2.45 trillion enterprise value. But there's a caveat. FactSet projects SpaceX will need to raise roughly $250 billion in debt over the next four years to fund its growth, according to Lebenthal, so a lot is riding on Starlink's shoulders. Amazon is the runt in this match-up. While Starlink has 9,600 satellites deployed and still in orbit, Amazon's Leo has just started to really get into a groove with about 330 satellites, according to Stifel. But Amazon sees big potential in space. In April, Amazon agreed to acquire Globalstar for $11.6 billion with the goal of expanding Leo's satellite network. And the company recently unveiled enterprise-grade Leo Ultra, which it says is the fastest satellite-internet antenna ever built. Amazon also inked deals with Delta Airlines and Jet Blue to expand wi-fi access on hundreds of aircraft in 2028. Cloud and Compute Amazon essentially invented the cloud business, and the company has the clear advantage right now. Amazon Web Services (AWS) posted $128.7 billion in revenue in 2025, with $45.6 billion in operating income at a 35% margin. AWS picked up the pace in the first quarter, growing 28% to $37.6 billion in revenue. Anthropic uses Amazon Trainium 2 chips to train Claude, and Amazon CEO Andy Jassy told investors that AWS's AI revenue run rate topped $15 billion in Q1 2026 and is "ascending rapidly." SpaceX is moving fast though. The company already has Colossus I and II data centers, and has signed lease deals with Anthropic and Google. And the company says its ultimate goal is to send the AI buildout into orbit. In 2025, SpaceX's AI segment generated $3.2 billion in total revenue against a $6.4 billion operating loss and in the first quarter of 2026 it lost $2.5 billion on $818 million in revenue. Dan Niles, founder of Niles Investment Management said SpaceX's compute operation today is more at a level with $5 billion CoreWeave or Amsterdam-based Nebius rather than at the level of AWS. "I don't view them as similar companies at all," said Niles. Justin Menne, a portfolio manager at Harbor Capital, sees it in terms of visibility. Amazon has a contracted backlog of $364 billion and competitive inference chips, he said, while SpaceX has plans to build. "I think in order to believe that the total enterprise value makes sense here, you're inherently giving a lot of credibility to the management team, the engineering team, in order to actually execute," said Menne. The Musk factor Menne said he hadn't done any modeling on how much the Musk premium adds to SpaceX's valuation but the non-technical answer is, "a lot," he said. Lebenthal admires Musk's accomplishments but called him "a source of discomfort" for some value investors. "It's because he says outlandishly optimistic things," Lebenthal said, Musk projected $1 trillion in revenue at SpaceX by 2030, while Lebenthal noted estimated revenues are about $40 billion for 2026. "You can't just say that and $960 billion of incremental revenue is going to come to the table," he said. SpaceX is an innovation stock that really appeals to investors who are dreamers, he added, like Ark Invest's Cathie Wood. On SpaceX's first day of trading, Wood's Ark invested about half a billion in SpaceX, and has purchased more as the price has ebbed since its opening day. Amazon founder Jeff Bezos has a similar larger-than-life profile and reputation for entrepreneurial genius as Musk does. But Bezos transitioned from CEO to executive chairman in 2021 (he still reportedly has some involvement in important priorities like AI, but his day-to-day attention seems focused on Blue Origin, his space exploration company, and Prometheus, a new AI startup he cofounded). Harbor Capital's Menne said there is no equivalent key-man premium at Amazon because "the current value of the company is less reliant on the next five years of executing on something that doesn't already exist." That said, Niles said there's a clear alternative for investors drawn to Musk. The other public company where he serves as CEO, Tesla, has near-term initiatives that include robotics, autonomous fleets, and energy storage which "are likely to come to fruition before a colony on Mars," said Niles. Still, the Musk premium can't be discounted. "Elon has this talent for making money for investors, even if crazy projections don't play out," said Menne. The $28.5 trillion TAM SpaceX's prospectus claims a total addressable market of $28.5 trillion -- roughly the size of the U.S. GDP. Of that, $22.7 trillion is a third-party estimate of the entire global "digital economy." Value-minded Lebenthal noted that "it's earnings you want, not TAM." Menne said the enterprise AI portion "is really hard to underwrite because companies have only just started actually charging for a lot of these services in a way that's not gross-margin negative." Niles added that there's inherent competition in that stratospheric figure. "There are some really pretty good companies in that space," he said. "Maybe you can take all that share from Microsoft and others, but I think Microsoft is a pretty good company." SpaceX is targeting a $1.6 trillion market for connectivity and $26.5 trillion for AI. But Amazon Leo is also gunning for the former. Amazon's AWS generated $128.7 billion in cloud revenue last year, and hosts Anthropic and OpenAI while presiding over a $364 billion contracted backlog. Both can throw down gauntlets over the TAM, but Amazon can point to revenue of $716 billion last year to SpaceX's $18.7 billion.
LTM Partners with Anthropic to Accelerate Claude Adoption and Expand Enterprise Delivery
Claude and Claude Code embedded into LTM BlueVerse™ AI Delivery Fabric to power AI-led transformations MUMBAI, India -- LTM, the Business Creativity partner to the world's largest enterprises, today announced a partnership with Anthropic, the frontier AI company behind Claude, to accelerate enterprise-scale adoption of Claude, Claude Code and Claude Cowork across engineering, modernization, and... Claude and Claude Code embedded into LTM BlueVerse AI Delivery Fabric to power AI-led transformations MUMBAI, India -- LTM, the Business Creativity partner to the world's largest enterprises, today announced a partnership with Anthropic, the frontier AI company behind Claude, to accelerate enterprise-scale adoption of Claude, Claude Code and Claude Cowork across engineering, modernization, and business workflows. LTM will combine Claude, Claude Code and Claude Cowork with its enterprise implementation expertise to help clients move from pilots to production with market-leading productivity, throughput, quality underscored by assurance and transparency. LTM will specifically bring this expertise and capability to BFSI, Hi-Tech, Consumer and Production Industry domains. The three strategic focus areas of partnership include: * LTM BlueVerse: AI Delivery Fabric LTM BlueVerse AI Delivery Fabric will serve as the enterprise implementation layer for Claude adoption, integrating Claude and Claude Code into delivery workflows across AI-led software engineering, application modernization, agent orchestration, Site Reliability Engineering (SRE), Observability, and Chaos Engineering. * LTM AI1000: Talent Enablement program LTM will also scale its AI1000 initiative to train and deploy thousands of Claude-certified architects and Forward Deployed Engineers (FDEs) who can work with clients from assessment and architecture through assessment, implementation, and continuous improvement. * Claude Center of Excellence (CoE) LTM will establish a dedicated Center of Excellence (CoE) for Claude as the partnership's scale engine - to build reusable Skills, agentic MVPs, reference architectures, and playbooks spanning cloud-native and platform-based applications. The CoE will provide governance backbone across responsible use, agent lifecycle, model governance, and data-privacy/residency compliance. It will also keep delivery aligned with Claude's evolving capabilities. "LTM brings delivery expertise, trained people, and long-standing client relationships across industries, and their customers want to embed Claude into the systems they rely on. LTM is embedding Claude and Claude Code in BlueVerse, bringing trusted frontier AI technology to the center of how they do what they do best - help their clients build, modernize, and run their software," said Chris Ciauri, Managing Director of International, Anthropic. "LTM helps clients accelerate AI adoption and translate AI investments into measurable business outcomes through our partnership with Anthropic. Combining Claude with LTM's BlueVerse ecosystem, deep domain expertise, technology capabilities, and AI1000 talent initiative creates a powerful foundation for enterprises to embed AI across their business and modernize at scale," said Venu Lambu, CEO and Managing Director, LTM. The partnership will include joint go-to-market initiatives focussed on measurable business outcomes. LTM will also scale internal adoption by embedding Claude, Claude Code, and Claude Cowork into its delivery model to establish consistent adoption patterns and market-leading productivity benchmarks across the SDLC, with autonomous learning feedback into the Claude CoE and BlueVerse ecosystem. About LTM LTM -- a Larsen & Toubro Group Company -- is an AI-centric global technology services company and the Business Creativity partner to the world's largest enterprises. We bring human insights and intelligent systems together to help clients create greater value at the intersection of technology and domain expertise. Our capabilities span integrated operations, transformation, and business AI -- enabling new ways of working, new productivity paradigms, and new roads to value. Together with over 87,000 employees across 40 countries and our global network of partners, LTM owns outcomes for our clients, helping them not just outperform the market, but Outcreate it. Read more at LTM.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260712251521/en/ Contacts Media Contact: Shambhavi Revandkar | Global Media Relations | [email protected]
Anthropic rolls out India specific pricing for Claude AI: Plans, prices, and other details
You can now pay for Claude in Indian rupees, here are all the details. (Representational image made with AI) For a long time, if you wanted to purchase a Claude subscription, you would need to pay in US dollars. This made it more cumbersome for users who needed to shell out forex charges, and pay GST in addition to the plan prices. But now, Anthropic has quietly rolled out India-specific pricing, allowing you to pay in Indian rupees. You can now check out Indian prices for Claude via the official website. The Claude Pro plan starts at Rs 2,000 per month. Previously, it would've cost you $20 (roughly Rs 1,630) per month - excluding additional fees and GST. The 20x tier of the Claude Max can go up to Rs 23,999 per month. The same plan in US dollars would have cost $200 (roughly Rs 19,170) per month. Also, one thing to note is that all paid Claude plans in India are inclusive of GST. This move comes as India continues to grow as a major AI market. As per reports, India is the second-largest market for Claude, after the US. This change will make it easier for users to now purchase Claude plans without having to pay extra fees. But what do you get from different Claude plans? Here are all the details. Claude Pro plan in India In India, the Claude Pro is priced at Rs 2,000 a month on an annual subscription (Rs 24,000 per year) and Rs 2,399 a month on monthly billing. Under the older USD pricing, Pro cost $20 (roughly Rs 1,920) a month on monthly billing and $17 (roughly Rs 1,630) a month on the annual plan billed as $200 (roughly Rs 19,170) upfront. Claude Pro runs Anthropic's Sonnet 5 by default and includes access to more Claude models, including Opus and the more advanced Fable 5 model. Apart from a 5x higher usage limit than the free tier, you also get Research mode, unlimited Projects, Memory, file uploads, web search, and voice mode. Claude Pro users can also use the coding platform Claude Code, as well as Claude Design, Claude in Excel and PowerPoint, and Microsoft 365 integration. Keep in mind that the Claude Free plan remains available in India, which gives access to Claude Sonnet 5 and 4.6, and Haiku 4.5. Free users also get web search, file uploads of up to 20 files per chat, limited Projects. Claude Max plan in India If you want more out of your Claude subscription, you can purchase Claude Max. Claude Max in India is available at Rs 11,999 a month for the 5x version and Rs 23,999 a month for the 20x version. In the older US dollar structure, Max 5x cost $100 (Rs 9,584) a month and Max 20x cost $200 (roughly Rs 19,170) a month. The Max tier carries the same core feature-set as Pro, but with a larger usage bucket rather than a different model tier. Users get the same models and features available in Pro, including Cowork, Claude Code, Projects, Memory and web search, but with either 5x or 20x Pro's usage limits depending on the tier. Claude Max also includes priority access during high-traffic periods, higher Claude Code session limits for longer coding runs, and first access to new features and models before they reach Pro. Claude Team plan in India For businesses, Anthropic has also brought India specific pricing for Claude Team subscriptions. The Team Standard seat is priced at Rs 2,399 a month for an annual subscription, with monthly billing at Rs 2,999 a month. A Premium seat costs Rs 11,999 a month, with monthly billing at Rs 14,999 a month. As was the case with Claude Pro and Claude Max, these prices are inclusive of GST. Previously, Team Standard was listed at $25 (roughly Rs 2,400) per seat a month, or $20 (roughly Rs 1,920) per seat a month when billed annually, while Team Premium was listed at around $150 (roughly Rs 14,380) a month for premium seats. The Team plan includes a 200K context window, usage credits available at API rates, Claude Code, and Claude Cowork. Businesses also get central billing and administration, single sign-on and domain capture, and admin controls. As default, Anthropic does not use content from Claude Team users for model training.
Lookup Thursday before sunrise for a SpaceX launch
SpaceX plans to launch a batch of Starlink satellites, designated Starlink 10-42, from Space Launch Complex 40 at Cape Canaveral Space Force Station in Florida. Timing of the scheduled 5:05 a.m. launch could make the rocket visible along parts of the East Coast, weather permitting, as it climbs into orbit. For observers in central North Carolina, the rocket should begin to rise above the southern horizon about two to three minutes after launch. Around six minutes after liftoff, look low in the southeast as the rocket reaches its highest point in the sky, about 17 degrees above the horizon. For many viewers, that will appear just above the treeline. Although sunrise will still be about an hour away on the ground, sunlight will already be reaching the upper atmosphere, where the rocket and its exhaust plume will be moving. That combination can make the plume appear to take on a jellyfish look as it expands reduced pressure of the upper reaches of the pre-dawn sky. The mission will carry 29 desk-sized Starlink satellites into orbit. These launches help replenish SpaceX's broadband internet constellation as older satellites de-orbit at the end of their useful lives. Some satellites may also de-orbit sooner than expected when increased solar activity heats and expands the upper atmosphere, increasing atmospheric drag. While you are looking for the rocket, note orange Mars and cream colored Saturn flanking the waxing crescent Moon in the southeastern sky.
IT Stock Jumps 6% After Announcing Strong Q1 Results and AI Partnership with Anthropic
Synopsis: A leading IT services major kicked off FY27 with strong revenue growth, expanding margins, and a widening base of large clients. The quarter also brought a strategic European acquisition, a major AI partnership, and a reorganized business structure aimed at sharper industry focus. The June quarter turned out to be a busy one for this technology services company, with growth accelerating on the back of an AI-led strategy that management says is now translating into real client wins rather than just talk. Alongside healthy financial numbers, the quarter saw a sizeable European acquisition move forward and a new tie-up with a leading AI company. With a market capitalization of Rs.1,21,622crore, the shares of LTM Limited were trading at Rs. 4,100 per share and with a 52-week range of Rs. 6,429 to Rs. 3,528, and it is trading at a P/E of approximately 22x. The stock is up by 6 percent from the day's low after the partnership announcement with Anthropic. Financial Performance For the quarter ended June 2026, LTM reported consolidated revenue of ₹11,608 crore, up 18% year-on-year and 2.8% sequentially. In dollar terms, revenue came in at $1,223.5 million, growing a modest 6.1% YoY but nearly flat quarter-on-quarter at just 0.1%, reflecting currency headwinds even as the underlying business kept expanding. Profitability told an even better story. EBIT stood at ₹1,799.3 crore, rising a sharp 27.9% YoY, pushing EBIT margin up by 120 basis points to 15.5%. Net profit came in at ₹1,468.6 crore, up 17.1% YoY and 9.5% sequentially. Basic EPS for the quarter was ₹49.46. Order inflow remained healthy at $1.68 billion, up 3.1% YoY, giving the company a reasonably strong pipeline heading into the rest of FY27. AI Strategy Starts Showing Up in Numbers Management was clear that the company's AI-first approach is no longer just a talking point on investor calls. CEO and MD Venu Lambu noted that the AI pivot is now producing tangible proof points for clients, visible in the outcomes the company is creating and in the size and nature of the engagements being won. The strong order book, paired with a healthy pipeline across industry segments, gives the company reasonable confidence about sustaining growth momentum through the year. This shows up clearly in the client mining numbers. The count of $5 million-plus clients rose to 170, up 11 accounts YoY, while $10 million-plus clients climbed to 104, an addition of 14. The $20 million-plus bracket grew to 52 clients, up 11 YoY, and the $50 million-plus category rose to 15, adding one more large account. The company also picked up 16 new active clients during the quarter, taking its total active client base to 740. Anthropic Partnership: Betting Big on Claude Just after the results, LTM partnered with Anthropic to scale enterprise adoption of Claude, Claude Code, and Claude Cowork across its delivery operations. The tie-up rests on three pillars. First, Claude and Claude Code get embedded into LTM's BlueVerse AI Delivery Fabric, powering software engineering, application modernization, agent orchestration, site reliability engineering, observability, and chaos engineering, making AI part of core delivery rather than a side pilot. Second, the AI1000 program will train and deploy thousands of Claude-certified architects and forward-deployed engineers who can guide clients from assessment through implementation and continuous improvement. Third, a dedicated Claude Center of Excellence will build reusable AI skills and reference architectures while serving as a governance backbone covering responsible AI use, agent lifecycle management, and data privacy compliance as a priority for enterprise clients cautious about AI rollouts. The partnership spans BFSI, Hi-Tech, Consumer, and production sectors, underscoring how central AI has become to the company's growth strategy. Europe Expansion and Business Reorganisation The quarter also saw the company sign a Put Option Deed to acquire Randstad Digital's operations spanning the Netherlands, Australia, France, and several other European markets in a deal valued at up to EUR 160 million. Once concluded, this is expected to strengthen the company's digital engineering footprint in key international markets. Alongside this, the company restructured its reporting segments into four customer-facing verticals to sharpen industry focus: Financial Services (formerly BFSI), Consumer (which now includes the Healthcare, Life Sciences, and Public Services businesses), Technology & Services (which now includes Media & Entertainment alongside the remaining tech businesses), and Production (formerly Manufacturing & Resources). On the people side, the company closed the quarter with 87,886 employees, utilization excluding trainees at 86.4%, and trailing twelve-month attrition holding steady at 13.3%, suggesting a fairly stable execution engine even as the company chases bigger, more complex deals. Verdict Between accelerating growth, expanding margins, a large European acquisition, and a fresh AI partnership, this was a quarter where multiple strategic threads came together at once. Whether these moves translate into sustained outperformance will depend on how quickly the AI investments and the European integration start showing up in the numbers over the coming quarters.
Just how low could the SpaceX share price go this year?
You're reading a free article with opinions that may differ from The Twelfth Magpie's Premium Investing Services. Become a member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn more, and get a free 'Best Buy Now' stock!. Space Exploration Technologies (NASDAQ:SPCX), also known as SpaceX, has had a volatile start to life as a public company. After launching at $135 a month ago, the stock soared easily above $200 in initial trading. However, the SpaceX share price closed Friday at $145.30 and is trending lower. So what could happen from here? The move lower Over the past week, the stock is down 12%. In my view, the biggest reason behind the recent weakness is simple. Early investors who bought at the IPO are banking profit. After all, SpaceX surged immediately after its market debut as investors scrambled to gain exposure to one of the most anticipated listings in years. That enthusiasm briefly pushed the company's valuation close to $3trn, a level that I (and I'm sure many others) believed overvalued the company. So, once the initial excitement faded, many early buyers decided to lock in their gains. Selling their stock naturally has caused the share price to fall. This reason also means things don't bode well for the coming months. Given that the stock price is now close to the IPO price, more people might look to sell their shares to realise profits. After all, those with a short-term view probably would be unhappy if the stock fell below $135. Yet this could create even more selling pressure in the coming weeks, even pushing the stock under $135. Troubles ahead Unfortunately for shareholders, there are several reasons the selling could continue through the end of the year. One factor is that the stock still trades on a premium valuation despite the recent fall. It assumes SpaceX will successfully execute on ambitious projects and that take-up for Starlink is high. Any delays to these projects or weaker-than-expected financial updates could see the stock tumble. Another point I think some are forgetting is that as the months pass, larger institutional investors will have their lock-up periods expire. What I mean by this is big investors often can't sell stock after an IPO for a few months to prevent high volatility. But when this ends, it could spell trouble. A balanced view That said, writing off SpaceX would be a mistake. I think very few companies possess such a dominant competitive position as SpaceX has right now. Its reusable rocket technology continues to give it a significant cost advantage, while Starlink has already developed into a substantial recurring revenue business with considerable room for international expansion. If management continues to push ahead, investors may become more comfortable paying a premium valuation for a company that is redefining both the space industry and satellite communications. Ultimately, I think short-term pressure could see SpaceX stock finish the year below $135, potentially going as low as $100. Volatility is likely to remain the defining feature of SpaceX shares over the coming months. For long-term investors, any sharp fall could create a good buying opportunity, and this is the main reason I'm keeping the stock on my watchlist. Should you invest £5,000 in Space Exploration Technologies Corp. - Class A right now? When investing expert Mark Rogers and his team have a stock tip, it can pay to listen. After all, the flagship Twelfth Magpie Share Advisor newsletter he has run for nearly a decade has provided thousands of paying members with top stock recommendations from the UK and US markets. And right now, Mark thinks there are 6 standout stocks that investors should consider buying. Want to see if Space Exploration Technologies Corp. - Class A made the list? Jon Smith does not hold any positions in the companies mentioned.
History Says It's Time to Buy SpaceX Stock Before It's Too Late
After an incredible post-IPO performance, Space Exploration Technologies (NASDAQ: SPCX) stock has gradually returned to earth. SpaceX officially priced its June 12 IPO at $135 per share and opened at $150 per share. Shares reached their all-time high of $225.64 three days later. After a steep correction, the stock is now hovering around $145. Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue " The space stock is now priced just 7% above its original IPO price, and under the price at which it began trading. Newly published historical data, however, suggest there is more upside to come. History says SpaceX stock is a buy at $145 per share Jay Ritter of the Warrington College of Business at the University of Florida has been tracking the performance of IPO stocks for years. On July 7, Ritter released a new report with fully updated statistics. Diving into the data paints an optimistic picture for SpaceX stock today. From 1980 to 2024, Ritter documented 9,253 IPOs. Over that time, the average IPO stock returned 19.1% over a three-year period. The data is already looking good for SpaceX stock. While history doesn't suggest huge returns for the stock over the next three years, the returns are nonetheless expected to be positive. Breaking down the data even further improves SpaceX's prospects. When including only IPO stocks with trailing annual sales of at least $500 million -- a refinement that narrows the universe down to just 1,500 stocks -- the average three-year return improves to 31.8%. When including only IPO stocks with trailing sales of at least $1 billion, the prospects improve even further. These stocks -- which total 866 in all -- average 32.4% returns over their first three years of trading. To be clear, there's no telling exactly where SpaceX stock will head from here. Even if shares have plenty of upside at today's prices relative to historical IPO performances, there is a wide range of outcomes for any one stock. And there are plenty of reasons to believe SpaceX stock is overvalued, even following the correction. Before the June 12 IPO, analysts at the research firm Morningstar valued SpaceX at $63, representing a 53% discount to its IPO price. "Only the most optimistic Moonshot scenario, which requires a rapidly reusable Starship and commercially competitive orbital data centers, approaches the IPO price. The IPO price implies the Moonshot scenario is highly likely, but we think the outlook is very uncertain."
LTM-Anthropic Partnership: LTM bets on Anthropic's Claude to drive enterprise AI transformation
The L&T Group company will embed Claude into its AI platform, train thousands of certified engineers and establish a dedicated Centre of Excellence as enterprises ramp up generative AI adoption LTM, formerly LTIMindtree, has partnered with Anthropic to bring its Claude family of artificial intelligence (AI) models to enterprise clients, joining a growing list of IT services firms forging alliances with leading AI developers as customers move from pilot projects to large-scale deployments. Under the partnership, LTM will integrate Claude, Claude Code, and Claude Cowork into its BlueVerse AI platform to support software engineering, application modernisation and other enterprise workflows, the company said in a BSE filing. Announcing the collaboration on Monday, LTM said it will also expand its AI1000 initiative to train thousands of Claude-certified architects and engineers, while setting up a dedicated Claude Centre of Excellence (CoE) to develop reusable AI agents, reference architectures and governance frameworks for enterprise deployments. Commenting on the partnership, Chris Ciauri, managing director of International at Anthropic, said, "LTM brings delivery expertise, trained people, and long-standing client relationships across industries, and their customers want to embed Claude into the systems they rely on." "LTM is embedding Claude and Claude Code in BlueVerse, bringing trusted frontier AI technology to the center of how they do what they do best - help their clients build, modernise, and run their software," said. Also Read EPFO adds new PF transfer option after job switch: What has changed Cloudy skies in Delhi as AQI turns 'poor'; rainfall likely in most states Weekly policy watch: Inflation data, India-UK FTA, forex reserves in focus Q1 results: HCL Tech, ICICI Prudential AMC and 13 more on July 13 Weekly economy wrap: India advances Indo-Pacific ties; IMF cuts growth view The collaboration will initially target clients across banking and financial services (BFSI), high technology, consumer and manufacturing sectors, with the companies aiming to help enterprises move AI projects from pilot stages to production deployments. "Combining Claude with LTM's BlueVerse ecosystem, deep domain expertise, technology capabilities, and AI1000 talent initiative creates a powerful foundation for enterprises to embed AI across their business and modernize at scale," according to Venu Lambu, CEO and managing director, LTM. The announcement comes as global IT services companies increasingly forge alliances with leading AI model developers to strengthen their enterprise AI offerings and capture growing demand for large-scale AI transformation projects. More From This Section TCS expands ABB partnership with multi-year AI network operations deal Tata Capital enters gold loan business with Yogloans acquisition AI disruption, Iran war risks weigh on Indian IT firms' earnings outlook TCS rejigs leadership, business units to sharpen focus on AI-led dealspremium Berry Alloys to invest ₹1,200 cr in Andhra Pradesh steel materials complex
History Says It's Time to Buy SpaceX Stock Before It's Too Late
After an incredible post-IPO performance, Space Exploration Technologies (SPCX 4.51%) stock has gradually returned to earth. SpaceX officially priced its June 12 IPO at $135 per share and opened at $150 per share. Shares reached their all-time high of $225.64 three days later. After a steep correction, the stock is now hovering around $145. The space stock is now priced just 7% above its original IPO price, and under the price at which it began trading. Newly published historical data, however, suggest there is more upside to come. History says SpaceX stock is a buy at $145 per share Jay Ritter of the Warrington College of Business at the University of Florida has been tracking the performance of IPO stocks for years. On July 7, Ritter released a new report with fully updated statistics. Diving into the data paints an optimistic picture for SpaceX stock today. From 1980 to 2024, Ritter documented 9,253 IPOs. Over that time, the average IPO stock returned 19.1% over a three-year period. The data is already looking good for SpaceX stock. While history doesn't suggest huge returns for the stock over the next three years, the returns are nonetheless expected to be positive. Breaking down the data even further improves SpaceX's prospects. When including only IPO stocks with trailing annual sales of at least $500 million -- a refinement that narrows the universe down to just 1,500 stocks -- the average three-year return improves to 31.8%. When including only IPO stocks with trailing sales of at least $1 billion, the prospects improve even further. These stocks -- which total 866 in all -- average 32.4% returns over their first three years of trading. To be clear, there's no telling exactly where SpaceX stock will head from here. Even if shares have plenty of upside at today's prices relative to historical IPO performances, there is a wide range of outcomes for any one stock. And there are plenty of reasons to believe SpaceX stock is overvalued, even following the correction. Before the June 12 IPO, analysts at the research firm Morningstar valued SpaceX at $63, representing a 53% discount to its IPO price. "Only the most optimistic Moonshot scenario, which requires a rapidly reusable Starship and commercially competitive orbital data centers, approaches the IPO price. The IPO price implies the Moonshot scenario is highly likely, but we think the outlook is very uncertain." I mostly agree with Morningstar's caution. But SpaceX is a unique business with difficult-to-quantify opportunities ahead. Ark Invest, for example, sees SpaceX generating $300 billion in annual revenue by 2030 through the monetization of orbital data centers. If that happens, SpaceX could easily be valued well above $2 trillion. At the end of the day, investors must acquaint themselves with SpaceX's business prospects and current valuation, and form their own opinion of the company's risk-and-reward dynamic.
SpaceX gears up for Starship Flight 13
WASHINGTON -- SpaceX plans to conduct its next Starship launch as soon as July 16 to test fixes to issues from the previous flight and deploy functioning Starlink satellites. The company said July 11 it is targeting a launch of the Flight 13 mission in a 90-minute window that opens at 6:45 p.m. Eastern from its Starbase, Texas, site. The announcement came a day after completing a static fire of the Super Heavy booster that will launch the mission. The upcoming mission will fly a similar 65-minute suborbital profile as Flight 12 on May 22. That was the first flight of the upgraded version 3 of the vehicle and was mostly successful, although it experienced some anomalies. The biggest issue was the failure of the Super Heavy booster to perform a controlled "soft" splashdown in the Gulf of Mexico. SpaceX said it traced the issue to how the engines in the Starship upper stage, or ship, ignited while still attached to the booster. "At stage separation on Flight 12, slight differences in engine startup on the ship caused the directional flip of the booster to be off by approximately 90 degrees," the company stated in its preview of Flight 13. Five Raptor engines failed to ignite for a boostback burn, causing the burn to shut down early. The company did not elaborate on how the change in the flip direction affected the startup of the boostback burn. "The startup sequence has been modified to be more robust to timing variability and more reliably flip in the desired direction, which is done to increase overall performance," SpaceX stated. "The Super Heavy on this upcoming flight has hardware modifications to improve relight reliability, along with updates to engine alarms and aborts to match the conditions seen in the multi-engine flight environment." Flight 12 also suffered a Raptor engine failure during the booster's ascent, as well as one on the ship. "Several hardware and operational modifications have been made to address the interconnected causes, with additional reliability improvements planned in upcoming versions of the Raptor engine," the company said, but did not explain what those interconnected causes were. Another change for Flight 13 involves the payloads that it will deploy from the upper stage during the suborbital flight. While several previous launches deployed mass simulators of Starlink V3 satellites, SpaceX said this mission will deploy 20 functioning Starlink V3 satellites. SpaceX said the satellites will deploy solar arrays and antennas and then attempt to connect with both a South African ground station and other Starlink satellites. Those demonstrations will be brief since the satellites will be on the same suborbital trajectory as Starship and will reenter after a handful of minutes in space. One factor in the timing of Flight 13 is the completion of a mishap investigation mandated by the Federal Aviation Administration after Flight 12. As of July 10, the FAA had not announced the completion of the investigation, which focused on the failure of Super Heavy to perform a soft splashdown. If Flight 13 is successful, it may allow SpaceX to perform the first orbital launch of Starship on the next flight. SpaceX is pushing to get Starship into service to deploy Starlink V3 satellites, as well as for Starship's use as a lunar lander for NASA's Artemis lunar exploration campaign.
Elon Musk Admits He Was 'Clearly Wrong' About Anthropic -- and Promises Not to Weaponize SpaceXAI's Compute Access Against the Claude Maker: 'Not My Style'
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Elon Musk publicly reversed his earlier view of Anthropic on Thursday, saying he was "clearly wrong" to doubt the AI company and pledging not to use SpaceXAI's compute leverage to harm a competitor. Musk Calls Anthropic Current AI Leader "I was clearly wrong about Anthropic," Musk wrote on X. "They are obviously currently the leader in AI. No company has released a model as good as Mythos/Fable and they will undoubtedly have Mythos 2 ready soon." TechCrunch reported that Musk was referring to his September 2025 post that said, "winning was never in the set of possible outcomes for Anthropic." I was clearly wrong about Anthropic. They are obviously currently the leader in AI. No company has released a model as good as Mythos/Fable and they will undoubtedly have Mythos 2 ready soon. And I would never cut them off in a way that hurt them badly, even as a competitor.... -- Elon Musk (@elonmusk) July 9, 2026 Musk added that he would not cut off Anthropic's access in a damaging way, even though Anthropic competes with his own AI business. "I would never cut them off in a way that hurt them badly, even as a competitor. That's not my style," he wrote. He cited Tesla's patent pledge, its decision to open the Supercharger network to rivals, SpaceX's pricing for competing satellite launches and X's tolerance for criticism as examples of what he called fair competition. "Even my worst enemies can attack me on this platform," Musk wrote. Anthropic Depends On SpaceXAI Compute Deal The exchange followed a claim on X that SpaceXAI now runs a frontier model competitive with Anthropic's Opus 4.8 while Anthropic depends on short-term compute leased from SpaceXAI. Anthropic signed a May deal for 300 megawatts of compute from xAI's Colossus 1 data center near Memphis, Tennessee, paying $1.25 billion a month through May 2029. SpaceXAI said in May that the partnership gives Anthropic access to Colossus 1, which includes more than 220,000 Nvidia GPUs and is designed for AI training, fine-tuning, inference and high-performance computing. SpaceXAI also said Anthropic plans to use the compute to improve capacity for Claude Pro and Claude Max subscribers.
Reviewing Recent Picks: Lessons from SpaceX, Meta, Micron, Bloom, and Credo (NDX) | Seeking Alpha
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