News & Updates
The latest news and updates from companies in the WLTH portfolio.
Claude Mythos Explained: Why Anthropic Is Limiting Its Most Powerful AI Model
Claude Mythos, Anthropic's most advanced AI model, is being restricted due to serious cybersecurity risks. Under Project Glasswing, limited access aims to fix vulnerabilities before misuse. The biggest story in AI right now isn't just about innovation, it's about fear. Claude Mythos, the newest model from , is so powerful that the company itself has decided not to release it to the public. That alone should tell you how serious this is. In a world where tech companies usually rush to launch their latest breakthroughs, Anthropic is doing the opposite. And honestly, that decision feels less like caution and more like a warning. Claude Mythos is being described as Anthropic's most advanced AI system yet, a major leap beyond its previous models. This isn't just another chatbot upgrade. This system can analyze huge codebases, find serious security flaws, make working exploits, and operate with minimal human input. Early reports say that the model has already found thousands of security holes, some of which had been there for decades without anyone noticing. One example includes a flaw in OpenBSD, a system known for its strong security reputation. That's not just impressive, it's unsettling. Because when an AI can find weaknesses faster than human experts, the question isn't "what can it do?" it's "who might use it?" Instead of launching it publicly, Anthropic has introduced Project Glasswing, a controlled program where access is limited to a select group of tech giants and cybersecurity organizations. Anthropic has reportedly committed up to $100 million in usage credits to this initiative, not for profit, but to fix vulnerabilities before things spiral out of control. That's not just a tech decision. That's damage control. It's important to be clear that Claude Mythos isn't the problem. It exposes the truth. For a long time, cybersecurity depended on skilled people to find bugs manually. It took time, effort, and a lot of knowledge to do that. AI can now do it automatically, and it can do it faster, better, and on a larger scale. This creates a dangerous imbalance because defenders still need time to fix systems, but attackers only need to find one weakness to do a lot of damage. And AI made it very easy to find that "one vulnerability." Security experts are already saying that this could be the start of a new era in which AI-driven cyber warfare is the norm, not the exception. Anthropic's decision isn't happening in isolation. It reflects a growing tension across the AI industry. Companies are in a hurry to make systems that are smarter and more useful. But the more intelligent these systems become, the more difficult they are to manage. Even more worrying, Claude Mythos wasn't trained to hack. Its advanced reasoning and coding skills are what give it its cybersecurity abilities. That means future models, from any company, could naturally develop similar abilities. And that's where things get complicated.
Anthropic TPU deal expands with Broadcom and Google
Broadcom has turned what looked like a straightforward AI supply update into a much broader infrastructure signal. In an SEC filing, the company said it has signed a long-term agreement to develop and supply custom Tensor Processing Units for Google's future TPU generations, alongside a supply-assurance agreement for networking and other components used in Google's next-generation AI racks through 2031. Separately, Broadcom said Anthropic will be able to access about 3.5 GW of next-generation TPU-based AI compute through Broadcom beginning in 2027, subject to Anthropic's continued commercial success. The Anthropic TPU deal pushes well beyond the expansion already outlined last year. As previously reported by eeNews Europe when Anthropic expanded Google Cloud TPU use, the company had already set out plans to bring more than 1 GW of additional compute online by 2026, with access to up to one million TPUs. The new arrangement moves from that earlier scale-up into a multi-gigawatt commitment, and Anthropic has described it as its biggest compute commitment so far. For Broadcom, the more important point may be duration and scope. This is not just a supply arrangement tied to one customer's demand curve. It keeps Broadcom embedded in Google's TPU roadmap as well as in the networking fabric and other building blocks around the racks those accelerators will inhabit. That matters because hyperscale AI infrastructure is increasingly being sold as a system, not as a standalone chip. The Anthropic TPU deal therefore strengthens Broadcom's position in both custom silicon and the surrounding data-centre hardware stack. Anthropic is also careful not to present this as an exclusive bet. In a company statement, Anthropic CFO Krishna Rao said the agreement would support rapid customer growth and future Claude models. The company also said it continues to train and run Claude across AWS Trainium, Google TPUs and NVIDIA GPUs, with Amazon remaining its primary cloud provider and training partner. So the immediate takeaway is not that one supplier has won everything; it is that Anthropic is buying far more headroom, while Google and Broadcom are tightening their grip on one of the biggest AI infrastructure build-outs now coming into view.
Claude turns $2,000 to $12,000 overnight on Polymarket; Here is how
A trader successfully leveraged Claude AI to make a $10,000 profit on Polymarket with $2,000 in capital in one night. In a 17-second snippet analyzed by Finbold on April 8, the Anthropic-backed chatbot helped developer Mary Evan create a custom interface for Polymarket, a blockchain-based prediction market. As such, the trader earned approximately 500% on the investment. The Claude-powered bot traded different events, including in crypto, finance, and technology. Throughout its trading cycle, the bot scanned Polymarket for mispriced markets, extracted arbitrage opportunities, and traced wallets that copied these strategies. "Claude created a monitoring terminal and copy-traded found wallets using a Telegram copy-trading bot. It's not a script and not even the bot; it's an AI agent that is improving with each found wallet," Evan stated. The number of instances in which Claude has helped traders make huge profits has been increasing in recent months. On Tuesday, Finbold reported that a Claude AI-powered arbitrage bot had turned $600 into $10,000 in about 2 days. Last week, Finbold noted that a Claude-powered trading bot focused on arbitrage sports bets had generated a profit of approximately 330 million percent in eight months. With Evan's case of turning $2,000 into $12,000 in 24 hours, the case for using AI to develop autonomous trading algorithms is strengthened. In another study, a trading bot that leverages copy trading on Polymarket grew an account balance of $0.12 into more than $526,000 at press time, making more than 17,000 predictions. As such, it could be possible for anyone to prompt Claude to instantly reverse-engineer any trading bot strategy from a GitHub repository. However, caution should be exercised while building autonomous trading algorithms, as a small error can cause huge losses, as Finbold previously highlighted.
AI-Powered Cybersecurity Gets Major Upgrade with Anthropic's Project Glasswing ~ My Mobile India
The main part of this project is the Claude Mythos Preview AI model, which is already showing strong results in finding and fixing software vulnerabilities. Project Glasswing brings together leading technology and infrastructure companies such as Amazon, Apple, Google, Microsoft, and Nvidia. The goal is to use advanced AI to find and fix weaknesses in important software systems before they can be exploited. Anthropic has given access to Project Glasswing to more than 40 organisations that manage important software infrastructure. These groups can use the AI model to review both their own and open-source systems, helping strengthen overall digital security. By working with top tech companies and security providers, Anthropic wants to build a defense strategy that can keep up with fast-changing threats. This marks a shift in cybersecurity, moving from traditional methods to AI-powered systems. As AI improves at identifying and exploiting vulnerabilities, organisations need advanced tools to stay secure. Anthropic's project is an effort to stay ahead by using AI to tackle the risks it poses. If it works, Project Glasswing could become the new standard for cybersecurity in the age of smart technology. Project Glasswing is Anthropic's way of taking action to protect the digital world. By bringing together advanced AI and industry collaboration, the project aims to address major security problems before they can be exploited. There are still challenges, especially when it comes to using AI responsibly. The project shows that as cybersecurity changes, AI could be both the biggest risk and the best protection. Project Glasswing is an AI-driven cybersecurity initiative that identifies and fixes software vulnerabilities in critical systems using advanced AI models Claude Mythos Preview is an advanced AI model developed by Anthropic that detects complex software vulnerabilities and enhances cybersecurity through intelligent analysis. Anthropic is limiting access to trusted partners to prevent potential misuse, as the model's powerful capabilities could be exploited for cyberattacks if widely available. Major tech companies such as Amazon, Apple, Google, Microsoft, and Nvidia are part of the initiative. AI models like Claude Mythos can analyze large volumes of code, identify hidden vulnerabilities, and even predict potential attack paths faster and more efficiently than traditional methods. https://www.mymobileindia.com/anthropic-opens-office-in-bengaluru-expands-india-operations-and-hiring/
Wayve, Cerebras backer Eclipse Ventres secures $1.3B across two funds to back physical AI startups -- TFN
While leading tech companies focused on software over the past decade, Eclipse Ventures has maintained that the next wave of innovation will centre on the physical world. The firm now has $1.3 billion in new capital to advance this vision. Based in Palo Alto and founded by Lior Susan in 2015, Eclipse Ventures has closed two new funds: a $591 million fund for early-stage investments and a larger fund for later-stage companies in its core sectors. This is Eclipse's largest raise to date, surpassing the $1.23 billion raised in 2023 and bringing total assets under management to about $10 billion. Recent investments include Wayve, a UK-based autonomous vehicle software company; Redwood Materials, which recycles battery materials; Arc, which builds electric boats for commercial and defence use; Bedrock Robotics, which develops self-driving construction vehicles; and Mind Robotics, an industrial robotics lab. Eclipse also backs Cerebras, an AI chipmaker whose founder, Lior Susan, serves on the board. The portfolio spans hardware, infrastructure, and AI systems, creating an integrated ecosystem rather than isolated investments. Eclipse acts as an operational partner, sharing resources, customer networks, and manufacturing expertise across its portfolio companies. The goal is to help startups move from prototype to production faster. In sectors where reaching revenue quickly is crucial, this support matches the importance of funding. The timing of this fundraise shows a wider change in how venture capital views the physical world. Geopolitical pressures on supply chains, new government interest in domestic manufacturing, and fast progress of AI systems that can manage industrial processes have all made this sector more appealing to institutional investors than five years ago.
Elon Musk: Πιέζει τις τράπεζες της να αγοράσουν το Grok για να "κλείσουν" το deal της SpaceX
Ο Elon Musk φέρεται να πιέζει τράπεζες, ελεγκτές και δικηγορικά γραφεία που εργάζονται για την επικείμενη δημόσια προσφορά της SpaceX να εγγραφούν στο αμφιλεγόμενο chatbot Grok. Όπως αναφέρουν οι The New York Times, πολλές από τις τράπεζες που εμπλέκονται στην προσφορά, η οποία θα μπορούσε να ξεπεράσει τα 2 τρισεκατομμύρια δολάρια όταν ολοκληρωθεί, έχουν συμφωνήσει να δαπανήσουν "δεκάδες εκατομμύρια" για το chatbot. Οι εταιρείες έχουν ήδη αρχίσει να ενσωματώνουν το Grok στα συστήματα IT τους σε ορισμένες περιπτώσεις, σύμφωνα με ανώνυμες πηγές που μίλησαν στην εφημερίδα. Ο Musk ζήτησε επίσης από τις τράπεζες να διαφημίζονται στο X, αν και σύμφωνα με πληροφορίες το αίτημα αυτό δεν ήταν υποχρεωτικό. Ωστόσο, αυτές οι εταιρείες έχουν μεγάλο κίνητρο να ανταποκριθούν σε αυτά τα αιτήματα. Είναι συνηθισμένο για τις εταιρείες χρηματοοικονομικών υπηρεσιών που εργάζονται σε μια δημόσια προσφορά να λαμβάνουν ένα ποσοστό από τις συναλλαγές, κάτι που θα μπορούσε να σημαίνει σημαντικά έσοδα για μια συμφωνία αυτού του μεγέθους. Η είδηση έρχεται μετά τη συγχώνευση της SpaceX και της xAI -- της εταιρείας πίσω από το X και το Grok -- τον Φεβρουάριο, μια συνεργασία που, σύμφωνα με τον Musk, θα μπορούσε μια μέρα να οδηγήσει στη δημιουργία κέντρων δεδομένων στην τροχιά της Γης. Ούτε η SpaceX ούτε ο Musk έχουν σχολιάσει δημοσίως τις αναφορές. Μερικά από τα μεγαλύτερα ονόματα στον χρηματοοικονομικό τομέα, όπως η JPMorgan Chase, η Goldman Sachs, η Citigroup και η Bank of America, εργάζονται για τη συμφωνία. Η xAI του Musk φαίνεται να επιδιώκει να προωθήσει το Grok περαιτέρω στον εταιρικό κόσμο. Το Bloomberg ανέφερε τον περασμένο μήνα ότι η xAI δημοσίευσε μια αγγελία εργασίας αναζητώντας τραπεζίτες της Wall Street, διαχειριστές χαρτοφυλακίων, traders και αναλυτές πιστώσεων για να βοηθήσουν στην εκπαίδευση του εργαλείου σχετικά με τον κόσμο των χρηματοοικονομικών υπηρεσιών. Και τον Ιανουάριο, το Grok λάνσαρε τα πακέτα Business και Enterprise που απευθύνονται σε εταιρείες. Αυτά τα πακέτα προσέφεραν επιπλέον μέτρα ασφαλείας και την υπόσχεση να μην εκπαιδεύσουν το Grok με βάση τις αλληλεπιδράσεις των χρηστών με το εργαλείο.
Polymarket Insiders Back? Big Bet Before Iran Ceasefire News
The CryptoNews editorial team is composed of seasoned writers specializing in cryptocurrency and blockchain technology. Their expertise ensures comprehensive, accurate, and insightful content for... Three wallets. Half a million dollars. Zero prior on-chain history. The pattern on Polymarket US-Iran ceasefire market is raising the insiders questions that don't have clean answers, and the blockchain receipts are already public. Crypto markets absorbed the ceasefire news with a sharp Bitcoin spike toward $71K, but the real story may be what happened on Polymarket hours before Trump posted anything. Blockchain analytics firm Lookonchain flagged three newly created wallets that collectively profited $484,575 betting "yes" on the "US x Iran ceasefire by April 7" market, with entry probabilities ranging from just 2.9% to 10.3%. The wallets were created and funded on Tuesday with no prior on-chain activity before placing their bets. Discover: The best pre-launch token sales Polymarket Insiders Allegations Individual profits broke down as $200,525, $158,600, and $125,450. One trader's first transaction hit the market at 1:59 pm UTC on Tuesday, just 8.5 hours before Trump confirmed the deal on Truth Social at 10:32 pm UTC. The other two entered at 10:01 am UTC Tuesday and 8:50 pm UTC Monday, respectively. This isn't the first time suspicious Polymarket accounts have surfaced around geopolitical outcomes. Anonymous wallets previously netted roughly $400,000 on US-Venezuela events under similar circumstances. The ceasefire market logged $60 million in 24-hour volume and $162.6 million total, signaling genuine crowd interest, but the timing on these three wallets cuts too clean to ignore. Polymarket's Iran-related markets reached $90 million in volume over 48 hours (April 6-8), with the ceasefire contract alone generating $57 million in that window. The "US x Iran ceasefire by April 7" market settled at 100¢, full probability, after the two-week ceasefire was confirmed, paying out at maximum. A parallel market, "US x Iran ceasefire before Oil hits $120?", also resolved at 100¢ "Yes." The platform has already faced political heat, pulling "rescue mission" markets amid bipartisan backlash, labeling war-related prediction contracts "dystopian." Discover: The best crypto to diversify your portfolio with LiquidChain Eyes Cross-Chain Infrastructure as Geopolitical Volatility Drives DeFi Demand Geopolitical shocks don't just move prediction markets. They fragment liquidity, and traders rotate simultaneously between Bitcoin, Ethereum, and Solana positions, and most infrastructure still can't handle that cleanly. That's a structural problem LiquidChain is specifically built to solve. LiquidChain is a Layer 3 infrastructure project that fuses Bitcoin, Ethereum, and Solana liquidity into a single execution environment as a Unified Liquidity Layer. Developers deploy once and access all three ecosystems. The architecture also includes Single-Step Execution and Verifiable Settlement, targeting the latency and fragmentation that multi-chain traders experience under volatile conditions, exactly the kind April 7 produced. The project has raised more than $645K at a current presale price of low $0.01447. LiquidChain has drawn attention alongside Bitcoin ETF inflows as institutional appetite for multi-chain DeFi infrastructure grows. Not to forget, the project offers more than 1600% APY staking bonus for early buyers.
'A new frontier model trained by Anthropic that we believe could reshape cybersecurity': Project Glasswing wants to use AI to prevent AI cyberattacks -- but will 'overeager' Claude Mythos do more damage than help?
* Project Glasswing and Anthropic's Claude Mythos Preview are designed to tackle AI security threats * Mythos is so powerful that it's not being released to the public - only select companies * Work has already found decades-old bugs and critical flaws in major OSs and browsers Anthropic has lifted the wraps off Project Glasswing, a new cybersecurity initiative it is leading along with AWS, Anthropic, Apple, Broadcom, Cisco, CrowdStrike, Google, JPMorganChase, the Linux Foundation, Microsoft, Nvidia and Palo Alto Networks. Glasswing is designed to identify and fix vulnerabilities in critical software using Claude Mythos Preview, which Anthropic describes as a "general-purpose, unreleased frontier model." Put simply, it marks the official use of AI by companies in the fight against AI itself - with AI-enabled cyberattacks increasing by the day, the coalition of companies are fighting fire with fire. Project Glasswing is here "We formed Project Glasswing because of capabilities we've observed in a new frontier model trained by Anthropic that we believe could reshape cybersecurity," the company wrote in a blog post announcing the news. Anthropic boasted that Mythos has already found thousands of high-severity vulnerabilities, identifying potential flaws in every major operating system and web browser including decades-old bugs missed by humans. Besides detecting bugs, Mythos can also generate exploits and propose or generate patches for a complete cycle. However, Mythos is only being used cautiously by the approved group of companies because Anthropic deems it too powerful and risky for an open release. If misused, it could drastically increase cyberattacks being that it's capable of generating exploits autonomously. Delivered via cloud providers like AWS and Google Cloud, a further 40+ organizations who maintain critical software will also be able to gain access to the model. Mythos consistently outperforms Claude's own Opus 4.6 across agentic coding, reasoning and agentic search/computer use benchmarks, more than doubling the performance of Opus 4.6 on SWE-bench Multimodal. Even with the proactive approach, Anthropic says companies alone aren't responsible for handling AI's effects on cybersecurity - "frontier AI developers, other software companies, security researchers, open-source maintainers, and governments across the world all have essential roles to play." Follow TechRadar on Google News and add us as a preferred source to get our expert news, reviews, and opinion in your feeds. Make sure to click the Follow button! And of course you can also follow TechRadar on TikTok for news, reviews, unboxings in video form, and get regular updates from us on WhatsApp too.
Analysis-How the math works on a $1.75 trillion SpaceX valuation
By Medha Singh, Echo Wang and Noel Randewich April 8 (Reuters) - Elon Musk's SpaceX is seeking a $1.75 trillion valuation in its forthcoming initial public offering. How far into the stratosphere is that? Going by common Wall Street metrics, the answer is, way out there. SpaceX would immediately become the sixth most-valuable publicly listed U.S. firm, worth more than the likes of Meta Platforms, which has been publicly listed for more than a decade, and Berkshire Hathaway, a company older than SpaceX founder Elon Musk. And yet, there is no sign that investors will think twice about hitting the buy button once it goes public in an IPO that could raise $75 billion or more, which would be a record. The frenzy has grown so intense that some are pouring money into opaque secondary markets, accepting complex arrangements and murky ownership just for a shot at owning the shares. "It has almost no comparable listed peer to benchmark a valuation off of and would likely come at a significant premium to anything else that is listed in the space tech sector, given its size and market leadership," said Samuel Kerr, global head of equity capital markets at Mergermarket. SpaceX's valuation is grounded in its profitable, fast-growing Starlink satellite network, which has over 10 million subscribers, and a launch business that analysts and investors say has transformed access to orbit. The Falcon 9, which in December 2015 became the first large rocket to make a controlled recovery after delivering a payload into orbit, completed 165 launches in 2025, a new annual record. But analysts and portfolio managers are also pricing in considerably more. Musk's track record of building successful, industry-disrupting companies gives analysts and portfolio managers confidence that the unproven bets - Starship, xAI, and an ambitious push into data-center satellites - will eventually pay off too. "This is a set of proven juggernaut, mega-cap businesses," said Daniel Hanson, portfolio manager at Neuberger's Quality Equity Fund, an existing SpaceX investor with close to 10% of its $2.6 billion in assets allocated to the company. "The launch business and the Starlink business are proven, here and now. xAI is about optionality," he said, referring to businesses that could add value over time as they benefit from long-term shifts toward AI, data and global connectivity. Here's a quick look at the pros and cons ahead of the IPO. LEADING THE SPACE RACE SpaceX has a commanding lead in deploying the low-Earth orbit satellites that deliver internet and communications for its Starlink service from space. Starlink is profitable and accounts for roughly 50% to 80% of SpaceX's revenue. Many of the parent company's other ambitions are yet to be realized. These include the delayed Starship rocket program for Moon and Mars missions and plans to launch up to one million data-center satellites linked to its money-losing AI unit. To justify the valuation, "investors will need to keep strict tabs on the timing of Starship coming to market and on the ramp-up of Starlink service direct to cellphones," PitchBook analyst Franco Granda said in a note last month. Even so, SpaceX launches a rocket nearly every two days, faster than any space program or firm in history, giving it key capacity in a market where launch access has become a bottleneck for rivals like Amazon, which is building its own satellite networks. "It's a one-of-a-kind for a start," said Mark Boggett, CEO of venture capital fund Seraphim Space. MULTIPLES ARE STRETCHED SpaceX posted about $8 billion in profit and revenue of $15 billion to $16 billion in 2025, Reuters exclusively reported in January. The profit figure is based on EBITDA, or earnings before interest, taxes, depreciation and amortization, a standard measure of operating performance. Revenue growth has ranged in recent years from 51% in 2024 to 100% in 2021. Unlike listed companies covered by analysts, no consensus projections exist for SpaceX's growth. Reuters made several assumptions in order to compare SpaceX's potential valuation with listed firms. Reuters assumed cash flow and revenue would double in 2026 from reported levels in 2025, an aggressive rate aimed at making the valuation multiples err on the low side. Using those assumptions, at a market capitalization of $1.75 trillion, SpaceX would carry a price-to-revenue multiple of 56 and a price-to-EBITDA multiple of 109 - eye-popping valuations for even the fastest-growing companies. Tesla, which Musk also leads, is valued at 12 times expected revenue and 79 times EBITDA, making it one of Wall Street's priciest stocks. Palantir is at 43 and 75 for those metrics, respectively, after its shares soared 500% in the past two years on optimism about its fast-expanding AI business. Generally speaking, the higher the multiple, the harder it is for a company's performance to meet expectations to keep its stock appreciating. "Starlink is the only reason this valuation is defensible," said Shay Boloor, chief market strategist at Futurum Equities. Its subscriber base "is just growing at crazy levels." THE FOG OF PRIVATE COMPANY VALUATIONS In its merger with Musk's artificial intelligence startup xAI in February, SpaceX was valued at $1 trillion and the Grok chatbot developer at $250 billion. That transaction gives analysts at least one recent anchor for the combined entity's value, and some investors argue it is too conservative. It is currently valued at $1.54 trillion on secondary trading venue Nasdaq Private Market. "SpaceX is consistently one of the most actively traded names on our platform because there's nothing else like it in the private markets today," said Greg Martin, co-founder at Rainmaker Securities, a trading platform for private pre-IPO shares. "Demand has also almost always outpaced supply, and that's been true even during periods where broader secondary market activity has been more muted." (Reporting by Medha Singh, Manya Saini, Johann Cherian and Akash Sriram in Bengaluru, Noel Randewich in San Francisco, Echo Wang in New York; additional reporting by Aditya Soni; editing by Colin Barr)
Anthropic inks mega deal with Google, Broadcom for AI chip capacity
Anthropic runs Claude on AWS Trainium, Google TPUs, and Nvidia GPUs Anthropic, an AI research company, inked a mega deal with Alphabet's Google and Broadcom for AI chip capacity. The company expressed hope that this chip capacity especially TPU capacity, will be available online by the start of 2027. After the announcement came, shares saw a spike of 3% when trading resumed after the market closed. In his statement, Anthropic CEO Krishna Rao said, "This groundbreaking partnership with Google and Broadcom is a continuation of our disciplined approach to scaling infrastructure. We are building the capacity necessary to serve the exponential growth we have seen in our customer base while also enabling Claude to define the frontier of AI development." Anthropic announced, "We are making our most significant compute commitment to date to keep pace with our unprecedented growth." In a securities filing on Monday, April 6, Broadcom stated that Google and Broadcom have made a long-term supply assurance agreement spanning through 3031, per Bloomberg. Anthropic also said that the majority of the infrastructure will be designed on U.S. soil, as part of a pledge made last year to invest $50 billion in enhancing domestic computing capacity. Anthropic trains and runs its Claude models across multiple hardware platforms that include AWS Trainium, Google TPUs, and Nvidia GPUs, labeling Amazon Web Services as its primary cloud partner. Claude is available on AWS Bedrock, Google Cloud Vertex AI, and Microsoft Azure Foundry.
Analysis-How the math works on a $1.75 trillion SpaceX valuation
By Medha Singh, Echo Wang and Noel Randewich April 8 (Reuters) - Elon Musk's SpaceX is seeking a $1.75 trillion valuation in its forthcoming initial public offering. How far into the stratosphere is that? Going by common Wall Street metrics, the answer is, way out there. SpaceX would immediately become the sixth most-valuable publicly listed U.S. firm, worth more than the likes of Meta Platforms, which has been publicly listed for more than a decade, and Berkshire Hathaway, a company older than SpaceX founder Elon Musk. And yet, there is no sign that investors will think twice about hitting the buy button once it goes public in an IPO that could raise $75 billion or more, which would be a record. The frenzy has grown so intense that some are pouring money into opaque secondary markets, accepting complex arrangements and murky ownership just for a shot at owning the shares. "It has almost no comparable listed peer to benchmark a valuation off of and would likely come at a significant premium to anything else that is listed in the space tech sector, given its size and market leadership," said Samuel Kerr, global head of equity capital markets at Mergermarket. SpaceX's valuation is grounded in its profitable, fast-growing Starlink satellite network, which has over 10 million subscribers, and a launch business that analysts and investors say has transformed access to orbit. The Falcon 9, which in December 2015 became the first large rocket to make a controlled recovery after delivering a payload into orbit, completed 165 launches in 2025, a new annual record. But analysts and portfolio managers are also pricing in considerably more. Musk's track record of building successful, industry-disrupting companies gives analysts and portfolio managers confidence that the unproven bets - Starship, xAI, and an ambitious push into data-center satellites - will eventually pay off too. "This is a set of proven juggernaut, mega-cap businesses," said Daniel Hanson, portfolio manager at Neuberger's Quality Equity Fund, an existing SpaceX investor with close to 10% of its $2.6 billion in assets allocated to the company. "The launch business and the Starlink business are proven, here and now. xAI is about optionality," he said, referring to businesses that could add value over time as they benefit from long-term shifts toward AI, data and global connectivity. Here's a quick look at the pros and cons ahead of the IPO. LEADING THE SPACE RACE SpaceX has a commanding lead in deploying the low-Earth orbit satellites that deliver internet and communications for its Starlink service from space. Starlink is profitable and accounts for roughly 50% to 80% of SpaceX's revenue. Many of the parent company's other ambitions are yet to be realized. These include the delayed Starship rocket program for Moon and Mars missions and plans to launch up to one million data-center satellites linked to its money-losing AI unit. To justify the valuation, "investors will need to keep strict tabs on the timing of Starship coming to market and on the ramp-up of Starlink service direct to cellphones," PitchBook analyst Franco Granda said in a note last month. Even so, SpaceX launches a rocket nearly every two days, faster than any space program or firm in history, giving it key capacity in a market where launch access has become a bottleneck for rivals like Amazon, which is building its own satellite networks. "It's a one-of-a-kind for a start," said Mark Boggett, CEO of venture capital fund Seraphim Space. MULTIPLES ARE STRETCHED SpaceX posted about $8 billion in profit and revenue of $15 billion to $16 billion in 2025, Reuters exclusively reported in January. The profit figure is based on EBITDA, or earnings before interest, taxes, depreciation and amortization, a standard measure of operating performance. Revenue growth has ranged in recent years from 51% in 2024 to 100% in 2021. Unlike listed companies covered by analysts, no consensus projections exist for SpaceX's growth. Reuters made several assumptions in order to compare SpaceX's potential valuation with listed firms. Reuters assumed cash flow and revenue would double in 2026 from reported levels in 2025, an aggressive rate aimed at making the valuation multiples err on the low side. Using those assumptions, at a market capitalization of $1.75 trillion, SpaceX would carry a price-to-revenue multiple of 56 and a price-to-EBITDA multiple of 109 - eye-popping valuations for even the fastest-growing companies. Tesla, which Musk also leads, is valued at 12 times expected revenue and 79 times EBITDA, making it one of Wall Street's priciest stocks. Palantir is at 43 and 75 for those metrics, respectively, after its shares soared 500% in the past two years on optimism about its fast-expanding AI business. Generally speaking, the higher the multiple, the harder it is for a company's performance to meet expectations to keep its stock appreciating. "Starlink is the only reason this valuation is defensible," said Shay Boloor, chief market strategist at Futurum Equities. Its subscriber base "is just growing at crazy levels." THE FOG OF PRIVATE COMPANY VALUATIONS In its merger with Musk's artificial intelligence startup xAI in February, SpaceX was valued at $1 trillion and the Grok chatbot developer at $250 billion. That transaction gives analysts at least one recent anchor for the combined entity's value, and some investors argue it is too conservative. It is currently valued at $1.54 trillion on secondary trading venue Nasdaq Private Market. "SpaceX is consistently one of the most actively traded names on our platform because there's nothing else like it in the private markets today," said Greg Martin, co-founder at Rainmaker Securities, a trading platform for private pre-IPO shares. "Demand has also almost always outpaced supply, and that's been true even during periods where broader secondary market activity has been more muted." (Reporting by Medha Singh, Manya Saini, Johann Cherian and Akash Sriram in Bengaluru, Noel Randewich in San Francisco, Echo Wang in New York; additional reporting by Aditya Soni; editing by Colin Barr)
How the math works on a $1.75 trillion SpaceX valuation
SpaceX is targeting a $1.75 trillion valuation for its upcoming IPO, aiming to raise over $75 billion. This valuation is driven by its profitable Starlink satellite network and a leading launch business, with investors also factoring in future potential from ventures like Starship and xAI. Despite stretched valuation multiples, strong demand and a unique market position fuel investor confidence. Elon Musk's SpaceX is seeking a $1.75 trillion valuation in its forthcoming initial public offering. How far into the stratosphere is that? Going by common Wall Street metrics, the answer is, way out there. SpaceX would immediately become the sixth most-valuable publicly listed U.S. firm, worth more than the likes of Meta Platforms, which has been publicly listed for more than a decade, and Berkshire Hathaway, a company older than SpaceX founder Elon Musk. And yet, there is no sign that investors will think twice about hitting the buy button once it goes public in an IPO that could raise $75 billion or more, which would be a record. The frenzy has grown so intense that some are pouring money into opaque secondary markets, accepting complex arrangements and murky ownership just for a shot at owning the shares. "It has almost no comparable listed peer to benchmark a valuation off of and would likely come at a significant premium to anything else that is listed in the space tech sector, given its size and market leadership," said Samuel Kerr, global head of equity capital markets at Mergermarket. SpaceX's valuation is grounded in its profitable, fast-growing Starlink satellite network, which has over 10 million subscribers, and a launch business that analysts and investors say has transformed access to orbit. The Falcon 9, which in December 2015 became the first large rocket to make a controlled recovery after delivering a payload into orbit, completed 165 launches in 2025, a new annual record. But analysts and portfolio managers are also pricing in considerably more. Musk's track record of building successful, industry-disrupting companies gives analysts and portfolio managers confidence that the unproven bets - Starship, xAI, and an ambitious push into data-center satellites - will eventually pay off too. "This is a set of proven juggernaut, mega-cap businesses," said Daniel Hanson, portfolio manager at Neuberger's Quality Equity Fund, an existing SpaceX investor with close to 10% of its $2.6 billion in assets allocated to the company. "The launch business and the Starlink business are proven, here and now. xAI is about optionality," he said, referring to businesses that could add value over time as they benefit from long-term shifts toward AI, data and global connectivity. Here's a quick look at the pros and cons ahead of the IPO. LEADING THE SPACE RACE SpaceX has a commanding lead in deploying the low-Earth orbit satellites that deliver internet and communications for its Starlink service from space. Starlink is profitable and accounts for roughly 50% to 80% of SpaceX's revenue. Many of the parent company's other ambitions are yet to be realized. These include the delayed Starship rocket program for Moon and Mars missions and plans to launch up to one million data-center satellites linked to its money-losing AI unit. To justify the valuation, "investors will need to keep strict tabs on the timing of Starship coming to market and on the ramp-up of Starlink service direct to cellphones," PitchBook analyst Franco Granda said in a note last month. Even so, SpaceX launches a rocket nearly every two days, faster than any space program or firm in history, giving it key capacity in a market where launch access has become a bottleneck for rivals like Amazon, which is building its own satellite networks. "It's a one-of-a-kind for a start," said Mark Boggett, CEO of venture capital fund Seraphim Space. MULTIPLES ARE STRETCHED SpaceX posted about $8 billion in profit and revenue of $15 billion to $16 billion in 2025, Reuters exclusively reported in January. The profit figure is based on EBITDA, or earnings before interest, taxes, depreciation and amortization, a standard measure of operating performance. Revenue growth has ranged in recent years from 51% in 2024 to 100% in 2021. Unlike listed companies covered by analysts, no consensus projections exist for SpaceX's growth. Reuters made several assumptions in order to compare SpaceX's potential valuation with listed firms. Reuters assumed cash flow and revenue would double in 2026 from reported levels in 2025, an aggressive rate aimed at making the valuation multiples err on the low side. Using those assumptions, at a market capitalization of $1.75 trillion, SpaceX would carry a price-to-revenue multiple of 56 and a price-to-EBITDA multiple of 109 - eye-popping valuations for even the fastest-growing companies. Tesla, which Musk also leads, is valued at 12 times expected revenue and 79 times EBITDA, making it one of Wall Street's priciest stocks. Palantir is at 43 and 75 for those metrics, respectively, after its shares soared 500% in the past two years on optimism about its fast-expanding AI business. Generally speaking, the higher the multiple, the harder it is for a company's performance to meet expectations to keep its stock appreciating. "Starlink is the only reason this valuation is defensible," said Shay Boloor, chief market strategist at Futurum Equities. Its subscriber base "is just growing at crazy levels." THE FOG OF PRIVATE COMPANY VALUATIONS In its merger with Musk's artificial intelligence startup xAI in February, SpaceX was valued at $1 trillion and the Grok chatbot developer at $250 billion. That transaction gives analysts at least one recent anchor for the combined entity's value, and some investors argue it is too conservative. It is currently valued at $1.54 trillion on secondary trading venue Nasdaq Private Market. "SpaceX is consistently one of the most actively traded names on our platform because there's nothing else like it in the private markets today," said Greg Martin, co-founder at Rainmaker Securities, a trading platform for private pre-IPO shares. "Demand has also almost always outpaced supply, and that's been true even during periods where broader secondary market activity has been more muted."
Anthropic's Project Glasswing Secures Software with AI
AI company Anthropic has launched Project Glasswing, a new initiative focused on identifying and fixing vulnerabilities in critical software systems. This project is powered by its advanced AI model, Claude, specifically a new preview version designed for high-level security analysis. Anthropic is not working alone on Project Glasswing. The initiative brings together major players across the technology ecosystem, including companies involved in cloud computing, operating systems, and internet infrastructure. These collaborations significantly expand the reach and effectiveness of the project, allowing it to operate at a scale that no single organization could achieve independently. By leveraging shared expertise and infrastructure, Anthropic aims to strengthen collective cybersecurity defenses. In an environment where threats often span multiple platforms and systems, coordinated efforts like this become essential. The involvement of large tech entities also signals that cybersecurity is no longer a niche concern -- it is a core priority across the entire digital landscape. Cyber threats are evolving rapidly, and attackers are increasingly using Anthropic AI to identify vulnerabilities faster and more efficiently. This has created a competitive dynamic where defenders must adopt equally advanced tools to keep up. Project Glasswing aims to shift that balance by equipping defenders with powerful AI-driven capabilities. At the center of this effort is controlled access to advanced models like Claude Mythos. While AI can strengthen security by detecting weaknesses, it can also be misused if left unchecked. Anthropic is addressing this challenge by carefully managing how such tools are deployed, ensuring that benefits outweigh potential risks. The company is also committing substantial resources to the initiative, including funding, infrastructure, and support for open-source security projects. This level of investment highlights how critical cybersecurity has become in the AI era, where digital threats continue to grow in complexity and scale. If successful, Project Glasswing could reshape how cybersecurity operates across industries. AI-driven vulnerability detection may become a standard practice, enabling faster responses and reducing the likelihood of large-scale cyberattacks. This could improve trust in digital systems, which is increasingly important as more aspects of life move online. The initiative also reflects a broader shift in how Anthropic AI is being used. It is no longer limited to productivity or automation -- it is becoming a core component of critical infrastructure. From finance to national security, AI's role is expanding rapidly, and cybersecurity stands out as one of its most important applications.
Perplexity's revenue has shot up 50% in one month, amid shift in focus to AI agents: FT - The Economic Times
Artificial intelligence (AI) startup Perplexity's revenue has surged 50% in just a month as it pushes deeper into AI agents, according to a report by the Financial Times. The company's annual recurring revenue (ARR) crossed $450 million as of March, the report said. This rise has been supported by the launch of its new agentic tool, Perplexity Computer, along with a shift towards usage-based pricing, it added. A company executive told FT that customer retention remains "strong", though no specific figures were shared. This growth comes alongside a clear change in strategy from when the company launched in 2022. Perplexity is moving away from its chatbot-style search engine, once seen as a serious challenger to Google, and placing greater emphasis on AI agents that can carry out tasks for users. The shift mirrors a wider industry move, as companies adjust their products and pricing to reflect the higher costs of running these systems. As part of this transition, the company has been expanding its product range. In 2024, it launched Comet, an AI-powered web browser that can act on a user's behalf, handling tasks such as shopping, summarising social media feeds and sending emails through voice or text commands. Building on that, Perplexity introduced its agent product Computer in February, which chief executive Aravind Srinivas described as the "next big thing". It also rolled out Model Council, a feature that lets users compare responses from different AI models side by side. This broader product push has helped the company scale its user base to more than 100 million monthly active users, including tens of thousands of enterprise customers. Revenue is generated through subscriptions priced between $20 and $200 per month. At the same time, the move to usage-based pricing marks a shift in how Perplexity earns money. Premium users are given a set number of credits and must pay extra if they exceed them. While this can boost revenue, it also makes earnings less predictable and harder to compare over time than traditional subscription models. Even before this change, Perplexity had seen rapid expansion, with ARR growing from $16 million to $305 million over two years, the Financial Times noted. Despite this progress, it still remains smaller than some competitors. Cursor has reached $2 billion in ARR from under $100 million in 2024, while Anthropic reported a run rate of $19 billion as of February, and OpenAI generated about $20 billion last year. Investor confidence, however, remains strong. Perplexity was valued at $20 billion in September 2025, a significant rise from $500 million at the start of 2024.
How the math works on a $1.75trln SpaceX valuation
Elon Musk's SpaceX is seeking a $1.75 trillion valuation in its forthcoming initial public offering. How far into the stratosphere is that? Going by common Wall Street metrics, the answer is, way out there. SpaceX would immediately become the sixth most-valuable publicly listed U.S. firm, worth more than the likes of Meta Platforms, which has been publicly listed for more than a decade, and Berkshire Hathaway, a company older than SpaceX founder Elon Musk. And yet, there is no sign that investors will think twice about hitting the buy button once it goes public in an IPO that could raise $75 billion or more, which would be a record. The frenzy has grown so intense that some are pouring money into opaque secondary markets, accepting complex arrangements and murky ownership just for a shot at owning the shares. "It has almost no comparable listed peer to benchmark a valuation off of and would likely come at a significant premium to anything else that is listed in the space tech sector, given its size and market leadership," said Samuel Kerr, global head of equity capital markets at Mergermarket. SpaceX's valuation is grounded in its profitable, fast-growing Starlink satellite network, which has over 10 million subscribers, and a launch business that analysts and investors say has transformed access to orbit. The Falcon 9, which in December 2015 became the first large rocket to make a controlled recovery after delivering a payload into orbit, completed 165 launches in 2025, a new annual record. But analysts and portfolio managers are also pricing in considerably more. Musk's track record of building successful, industry-disrupting companies gives analysts and portfolio managers confidence that the unproven bets - Starship, xAI, and an ambitious push into data-center satellites - will eventually pay off too. "This is a set of proven juggernaut, mega-cap businesses," said Daniel Hanson, portfolio manager at Neuberger's Quality Equity Fund, an existing SpaceX investor with close to 10% of its $2.6 billion in assets allocated to the company. "The launch business and the Starlink business are proven, here and now. xAI is about optionality," he said, referring to businesses that could add value over time as they benefit from long-term shifts toward AI, data and global connectivity. Here's a quick look at the pros and cons ahead of the IPO. LEADING THE SPACE RACE SpaceX has a commanding lead in deploying the low-Earth orbit satellites that deliver internet and communications for its Starlink service from space. Starlink is profitable and accounts for roughly 50% to 80% of SpaceX's revenue. Many of the parent company's other ambitions are yet to be realized. These include the delayed Starship rocket program for Moon and Mars missions and plans to launch up to one million data-center satellites linked to its money-losing AI unit. To justify the valuation, "investors will need to keep strict tabs on the timing of Starship coming to market and on the ramp-up of Starlink service direct to cellphones," PitchBook analyst Franco Granda said in a note last month. Even so, SpaceX launches a rocket nearly every two days, faster than any space program or firm in history, giving it key capacity in a market where launch access has become a bottleneck for rivals like Amazon, which is building its own satellite networks. "It's a one-of-a-kind for a start," said Mark Boggett, CEO of venture capital fund Seraphim Space. MULTIPLES ARE STRETCHED SpaceX posted about $8 billion in profit and revenue of $15 billion to $16 billion in 2025, Reuters exclusively reported in January. The profit figure is based on EBITDA, or earnings before interest, taxes, depreciation and amortization, a standard measure of operating performance. Revenue growth has ranged in recent years from 51% in 2024 to 100% in 2021. Unlike listed companies covered by analysts, no consensus projections exist for SpaceX's growth. Reuters made several assumptions in order to compare SpaceX's potential valuation with listed firms. Reuters assumed cash flow and revenue would double in 2026 from reported levels in 2025, an aggressive rate aimed at making the valuation multiples err on the low side. Using those assumptions, at a market capitalization of $1.75 trillion, SpaceX would carry a price-to-revenue multiple of 56 and a price-to-EBITDA multiple of 109 - eye-popping valuations for even the fastest-growing companies. Tesla, which Musk also leads, is valued at 12 times expected revenue and 79 times EBITDA, making it one of Wall Street's priciest stocks. Palantir is at 43 and 75 for those metrics, respectively, after its shares soared 500% in the past two years on optimism about its fast-expanding AI business. Generally speaking, the higher the multiple, the harder it is for a company's performance to meet expectations to keep its stock appreciating. "Starlink is the only reason this valuation is defensible," said Shay Boloor, chief market strategist at Futurum Equities. Its subscriber base "is just growing at crazy levels." THE FOG OF PRIVATE COMPANY VALUATIONS In its merger with Musk's artificial intelligence startup xAI in February, SpaceX was valued at $1 trillion and the Grok chatbot developer at $250 billion. That transaction gives analysts at least one recent anchor for the combined entity's value, and some investors argue it is too conservative. It is currently valued at $1.54 trillion on secondary trading venue Nasdaq Private Market. "SpaceX is consistently one of the most actively traded names on our platform because there's nothing else like it in the private markets today," said Greg Martin, co-founder at Rainmaker Securities, a trading platform for private pre-IPO shares. "Demand has also almost always outpaced supply, and that's been true even during periods where broader secondary market activity has been more muted." (Reporting by Medha Singh, Manya Saini, Johann Cherian and Akash Sriram in Bengaluru, Noel Randewich in San Francisco, Echo Wang in New York; additional reporting by Aditya Soni; editing by Colin Barr)
Polymarket Traders Profit from Iran Ceasefire Amid Insider Trading Fears - News Directory 3
The specific profits secured by these three wallets were $200,525, $158,600, and $125,450. A series of highly profitable bets on the decentralized prediction platform Polymarket regarding a ceasefire between the United States and Iran has triggered widespread concerns over potential insider trading. Multiple traders secured significant gains by wagering on the agreement shortly before it was publicly confirmed by U.S. President Donald Trump. According to data shared by the blockchain analytics firm Lookonchain, three newly created wallets profited a combined $484,575 by betting that the U.S. And Iran would agree to a ceasefire by April 7, 2026. These wallets were created and funded on Tuesday, April 1, 2026, and had no prior on-chain activity before placing their bets on the platform. The specific profits secured by these three wallets were $200,525, $158,600, and $125,450. The yes bets were placed at probabilities ranging between 2.9% and 10.3%. The timing of the trades has drawn scrutiny from experts due to their proximity to official government communications. One trader placed their first trade on the ceasefire market at 1:59 pm UTC on Tuesday, April 1, 2026. This occurred approximately eight and a half hours before President Donald Trump confirmed the ceasefire agreement in a Truth Social post at 10:32 pm UTC on the same day. Other traders acted even earlier, with first bets placed at 10:01 am UTC on Tuesday, April 1, 2026, and 8:50 pm UTC on Monday, March 31, 2026. These bets were paid out after both nations agreed to a two-week ceasefire on Tuesday, April 1, 2026, although neither side ruled out further military action. Additional suspicious activity was noted around March 21, 2026. Eight newly created accounts bet a total of nearly $70,000 on a ceasefire. These accounts stood to make nearly $820,000 if a deal was reached before March 31, 2026. This activity coincided with a period where President Trump first appeared to double down on war with Iran before suggesting in a Truth Social post that he was considering winding down military operations. The ceasefire bets are part of a broader pattern of remarkably accurate predictions on the platform. An analysis shared with CNN by the analytics company Bubblemaps identified a trader who has made nearly $1 million since 2024 through dozens of well-timed bets on U.S. And Israeli military actions against Iran. This specific trader achieved a 93% win rate on five-figure wagers concerning Iran, often placing bets hours before unannounced military operations occurred. These include: Separately, blockchain analytics firm Lookonchain flagged a trader known as BlueHorseshoe86, who netted $194,000 from the U.S.-Iran ceasefire bet. This followed a previous gain of $260,000 from a bet that Venezuelan President Nicolás Maduro would be removed from power, tied to his capture in January 2026. The anonymity of Polymarket accounts and the use of crypto wallets make it difficult to trace the identities of the traders. Because the bets were placed on Polymarket's international site, they remain outside the reach of U.S. Regulations. All of Here's strong signaling of insider activity, based on the amount they made, the markets they bet on, the timing of their trades, the success rates of these trades, and the fact that they are connected on-chain. Ben Yorke, formerly a researcher with CoinTelegraph, stated that the wallets definitely [look like] someone with some degree of inside info. Prediction markets are experiencing rapid growth, with monthly trading volumes consistently surpassing $10 billion. However, this growth has led to increased scrutiny from global lawmakers and regulators concerned about market manipulation and the rise of insider trading on platforms where users wager on geopolitical events, and warfare.
Analysis-How the math works on a $1.75 trillion SpaceX valuation By Reuters
By Medha Singh, Echo Wang and Noel Randewich April 8 (Reuters) - Elon Musk's SpaceX is seeking a $1.75 trillion valuation in its forthcoming initial public offering. How far into the stratosphere is that? Going by common Wall Street metrics, the answer is, way out there. SpaceX would immediately become the sixth most-valuable publicly listed U.S. firm, worth more than the likes of Meta Platforms, which has been publicly listed for more than a decade, and Berkshire Hathaway, a company older than SpaceX founder Elon Musk. And yet, there is no sign that investors will think twice about hitting the buy button once it goes public in an IPO that could raise $75 billion or more, which would be a record. The frenzy has grown so intense that some are pouring money into opaque secondary markets, accepting complex arrangements and murky ownership just for a shot at owning the shares. "It has almost no comparable listed peer to benchmark a valuation off of and would likely come at a significant premium to anything else that is listed in the space tech sector, given its size and market leadership," said Samuel Kerr, global head of equity capital markets at Mergermarket. SpaceX's valuation is grounded in its profitable, fast-growing Starlink satellite network, which has over 10 million subscribers, and a launch business that analysts and investors say has transformed access to orbit. The Falcon 9, which in December 2015 became the first large rocket to make a controlled recovery after delivering a payload into orbit, completed 165 launches in 2025, a new annual record. But analysts and portfolio managers are also pricing in considerably more. Musk's track record of building successful, industry-disrupting companies gives analysts and portfolio managers confidence that the unproven bets - Starship, xAI, and an ambitious push into data-center satellites - will eventually pay off too. "This is a set of proven juggernaut, mega-cap businesses," said Daniel Hanson, portfolio manager at Neuberger's Quality Equity Fund, an existing SpaceX investor with close to 10% of its $2.6 billion in assets allocated to the company. "The launch business and the Starlink business are proven, here and now. xAI is about optionality," he said, referring to businesses that could add value over time as they benefit from long-term shifts toward AI, data and global connectivity. Here's a quick look at the pros and cons ahead of the IPO. LEADING THE SPACE RACE SpaceX has a commanding lead in deploying the low-Earth orbit satellites that deliver internet and communications for its Starlink service from space. Starlink is profitable and accounts for roughly 50% to 80% of SpaceX's revenue. Many of the parent company's other ambitions are yet to be realized. These include the delayed Starship rocket program for Moon and Mars missions and plans to launch up to one million data-center satellites linked to its money-losing AI unit. To justify the valuation, "investors will need to keep strict tabs on the timing of Starship coming to market and on the ramp-up of Starlink service direct to cellphones," PitchBook analyst Franco Granda said in a note last month. Even so, SpaceX launches a rocket nearly every two days, faster than any space program or firm in history, giving it key capacity in a market where launch access has become a bottleneck for rivals like Amazon, which is building its own satellite networks. "It's a one-of-a-kind for a start," said Mark Boggett, CEO of venture capital fund Seraphim Space. MULTIPLES ARE STRETCHED SpaceX posted about $8 billion in profit and revenue of $15 billion to $16 billion in 2025, Reuters exclusively reported in January. The profit figure is based on EBITDA, or earnings before interest, taxes, depreciation and amortization, a standard measure of operating performance. Revenue growth has ranged in recent years from 51% in 2024 to 100% in 2021. Unlike listed companies covered by analysts, no consensus projections exist for SpaceX's growth. Reuters made several assumptions in order to compare SpaceX's potential valuation with listed firms. Reuters assumed cash flow and revenue would double in 2026 from reported levels in 2025, an aggressive rate aimed at making the valuation multiples err on the low side. Using those assumptions, at a market capitalization of $1.75 trillion, SpaceX would carry a price-to-revenue multiple of 56 and a price-to-EBITDA multiple of 109 - eye-popping valuations for even the fastest-growing companies. Tesla, which Musk also leads, is valued at 12 times expected revenue and 79 times EBITDA, making it one of Wall Street's priciest stocks. Palantir is at 43 and 75 for those metrics, respectively, after its shares soared 500% in the past two years on optimism about its fast-expanding AI business. Generally speaking, the higher the multiple, the harder it is for a company's performance to meet expectations to keep its stock appreciating. "Starlink is the only reason this valuation is defensible," said Shay Boloor, chief market strategist at Futurum Equities. Its subscriber base "is just growing at crazy levels." THE FOG OF PRIVATE COMPANY VALUATIONS In its merger with Musk's artificial intelligence startup xAI in February, SpaceX was valued at $1 trillion and the Grok chatbot developer at $250 billion. That transaction gives analysts at least one recent anchor for the combined entity's value, and some investors argue it is too conservative. It is currently valued at $1.54 trillion on secondary trading venue Nasdaq Private Market. "SpaceX is consistently one of the most actively traded names on our platform because there's nothing else like it in the private markets today," said Greg Martin, co-founder at Rainmaker Securities, a trading platform for private pre-IPO shares. "Demand has also almost always outpaced supply, and that's been true even during periods where broader secondary market activity has been more muted."
Anthropic's New AI Is Too Good at Hacking
Mythos discovered thousands of long‑hidden exploits, outperforming all but the most skilled human experts in vulnerability discovery. Anthropic has launched a new security initiative alongside big tech partners, including Amazon, Apple, Google, and Microsoft, after the AI firm found its latest model was far too good at finding and exploiting software vulnerabilities. Announcing Project Glasswing, which also counts Broadcom, Cisco, CrowdStrike, and NVIDIA among its core members, Anthropic said that testing of the unreleased Mythos model had shown the AI was "strikingly capable at computer security tasks", saying it had found high-severity vulnerabilities in every major operating system and web browser. Anthropic's testing found that Mythos Preview far outperformed its previous models in a variety of coding tasks, including vulnerability reproduction, with the firm saying the AI is beyond "all but the most skilled humans" at finding security flaws. According to Anthropic's red team, the AI found thousands of zero-day vulnerabilities that have survived decades of human review, with the oldest exploit found so far a 27-year-old flaw in OpenBSD, a security-heavy OS used to run firewalls and other critical infrastructure. The, thankfully now-patched, vulnerability Mythos uncovered would allow hackers to remotely crash any machine using the OS "just by connecting to it". It also managed to independently link together a series of flaws in the Linux kernel, the core interface between a machine's hardware and software, creating a path for an attacker to go from ordinary user access to full system takeover. That opens the door to some terrifying prospects. Recent figures show that Linux is the operating system behind 100% of the top five hundred most powerful supercomputers in the world, as well as more than 96% of the world's top one million web servers, and the OS at the heart of every Android phone. Looking at the Mythos safety card reveals even more concerning behaviour, with Anthropic admitting the model demonstrated a "dangerous capability for circumventing our safeguards", and covering its own tracks. "Given the rate of AI progress, it will not be long before such capabilities proliferate, potentially beyond actors who are committed to deploying them safely," said Anthropic. "Project Glasswing is an urgent attempt to put these capabilities to work for defensive purposes." "No one organisation can solve these cybersecurity problems alone: frontier AI developers, other software companies, security researchers, open-source maintainers, and governments across the world all have essential roles to play." Framing Glasswing as an altruistic mission, Anthropic said that the project partners, including JPMorganChase, the Linux Foundation and Palo Alto Networks, will use Mythos Preview to build next-gen defences before these advanced capabilities proliferate to threat actors. For its part, Anthropic has committed up to $100m in Mythos credits for these efforts, as well as $4m in donations to open-source security organisations, and pledged to share what it learns from its own research with the wider industry, a noteworthy gesture in the cutthroat world of AI development. The potential threat may even act as an olive branch with the US Government following Anthropic's months-long spat with the Pentagon, with the firm saying it is in ongoing discussions with officials about Mythos' offensive and defensive cyber capabilities.
Analysis-How the math works on a $1.75 trillion SpaceX valuation
April 8 (Reuters) - Elon Musk's SpaceX is seeking a $1.75 trillion valuation in its forthcoming initial public offering. How far into the stratosphere is that? Going by common Wall Street metrics, the answer is, way out there. SpaceX would immediately become the sixth most-valuable publicly listed U.S. firm, worth more than the likes of Meta Platforms, which has been publicly listed for more than a decade, and Berkshire Hathaway, a company older than SpaceX founder Elon Musk. And yet, there is no sign that investors will think twice about hitting the buy button once it goes public in an IPO that could raise $75 billion or more, which would be a record. The frenzy has grown so intense that some are pouring money into opaque secondary markets, accepting complex arrangements and murky ownership just for a shot at owning the shares. "It has almost no comparable listed peer to benchmark a valuation off of and would likely come at a significant premium to anything else that is listed in the space tech sector, given its size and market leadership," said Samuel Kerr, global head of equity capital markets at Mergermarket. SpaceX's valuation is grounded in its profitable, fast-growing Starlink satellite network, which has over 10 million subscribers, and a launch business that analysts and investors say has transformed access to orbit. The Falcon 9, which in December 2015 became the first large rocket to make a controlled recovery after delivering a payload into orbit, completed 165 launches in 2025, a new annual record. But analysts and portfolio managers are also pricing in considerably more. Musk's track record of building successful, industry-disrupting companies gives analysts and portfolio managers confidence that the unproven bets - Starship, xAI, and an ambitious push into data-center satellites - will eventually pay off too. "This is a set of proven juggernaut, mega-cap businesses," said Daniel Hanson, portfolio manager at Neuberger's Quality Equity Fund, an existing SpaceX investor with close to 10% of its $2.6 billion in assets allocated to the company. "The launch business and the Starlink business are proven, here and now. xAI is about optionality," he said, referring to businesses that could add value over time as they benefit from long-term shifts toward AI, data and global connectivity. Here's a quick look at the pros and cons ahead of the IPO. LEADING THE SPACE RACE SpaceX has a commanding lead in deploying the low-Earth orbit satellites that deliver internet and communications for its Starlink service from space. Starlink is profitable and accounts for roughly 50% to 80% of SpaceX's revenue.
Artemis II: SpaceX Boss Elon Musk Awestruck At The Milky Way Galaxy Pic Snapped By Orion Crew After Lunar Flyby
An awestruck Elon Musk reacted to NASA's latest image drop on social media, captioned "Sky full of stars." The agency noted, "Following a successful lunar flyby, the Artemis II astronauts captured this breathtaking photo of our galaxy, the Milky Way, on April 7, 2026." Artemis II was launched on April 01, 2026 with four astronauts aboard the Orion spacecraft, namely NASA astronaut Reid Wiseman (50), Artemis II commander; NASA astronaut Victor Glover (49), Artemis II pilot; NASA astronaut Christina Koch (47), Artemis II mission specialist; and Canadian Space Agency (CSA) astronaut Jeremy Hansen (50), Artemis II mission specialist. The crew conducted a historic lunar flyby on April 06, 2026 that also shattered the record for the farthest humanity has ever traveled, reaching a maximum distance of 252,760 miles from Earth. Along the course of the journey, the Artemis II crew captured some stunning images of Earth and the Moon and the cosmos in general, including Earthset, total solar eclipse, the far side of the moon, and the milky way. Reacting to the galactic image, Elon Musk wrote One day, we will be out there, among the stars. The Artemis II crew did a seven-hour lunar flyby yesterday and are now back on orbit to Earth. The Orion spacecraft will do a splashdown on April 10. You can watch the mission live on all of NASA's channels, including the following: View from the mission control View from the Orion See Also: NASA's Pawsome Reaction To Kitty Watching Artemis II Lunar Flyby Has The Internet Meowing With Memes See Also: More Artemis II Scoop On Mashable India Here See Also: All Elon Musk Content On Mashable India Here Cover: NASA & Open Clipart
