News & Updates
The latest news and updates from companies in the WLTH portfolio.
TeraWulf stock jumps on $19 billion Anthropic AI deal
TeraWulf shares jumped on July 6 after the company landed a major artificial intelligence infrastructure customer. TeraWulf (WULF) announced a 20-year lease with Anthropic at its Justified Data campus in Hawesville, Kentucky. The agreement is expected to generate about $19 billion in contracted revenue over the initial lease term. TeraWulf stock was recently trading at $22.74 around midday July 6, up about 7.3%. The stock opened at $24.21 and traded as high as $25.04 earlier in the session. The stock move gives investors a new reason to view TeraWulf as a data-center infrastructure company, not just a business once closely tied to bitcoin mining. TeraWulf stock rallies after Anthropic lease The Anthropic agreement covers TeraWulf's Justified Data campus, a purpose-built AI infrastructure site in Kentucky. The campus is expected to support about 401 megawatts of critical IT load. Initial capacity is expected to come online in the second half of 2027, with the full 401 megawatts expected by early 2028. The deal comes as TeraWulf continues to reposition itself around AI and data services, moving the company further into the market for power-heavy computing infrastructure. Key numbers behind the TeraWulf deal TeraWulf's announcement laid out the main numbers behind the Anthropic lease and the Abernathy Joint Venture sale: * $19 billion: Expected contracted revenue over the initial lease term * 20 years: Length of the Anthropic lease * 401 megawatts: Expected critical IT load at the Justified Data campus * Second half of 2027: Expected initial capacity timing * Early 2028: Expected full ramp to 401 megawatts * $450 million: Capital TeraWulf expects to monetize through the Abernathy Joint Venture sale * More than 10%: TeraWulf's early stock move after the announcement Yuichiro Chino / Getty Images Anthropic gives TeraWulf new revenue story The Anthropic lease gives TeraWulf a high-profile AI customer and a long-term contract tied to data-center demand. TeraWulf framed the agreement as part of a broader move toward infrastructure platforms where it has direct ownership, customer relationships, and operational control. The lease gives the company a more visible source of long-term revenue tied to AI infrastructure and power-secured data-center assets. The Anthropic lease validates our strategy and establishes a long-duration revenue stream with one of the world's leading AI companies. TeraWulf also announced a separate deal to sell its 50.1% ownership interest in the Abernathy Joint Venture to a Fluidstack-led investor group. The company said the transaction monetizes about $450 million of invested capital and unlocks capital for redeployment into wholly owned AI infrastructure opportunities. The Abernathy sale gives TeraWulf more capital to support the same pivot. The company is shifting capital toward AI infrastructure sites where it can control the assets, secure long-term customers, and build recurring data-center revenue. The market still has an execution question The Anthropic deal gives TeraWulf a stronger AI infrastructure story, but the full financial impact will take time. Initial capacity at the Kentucky campus is not expected until the second half of 2027. The full 401 megawatts are expected by early 2028. The timeline leaves investors watching construction progress, power delivery, project costs, and the company's ability to turn the lease into reliable revenue. Anthropic gives TeraWulf a major customer, but the company still has to show that it can deliver the campus on schedule and support the type of infrastructure AI companies need. TeraWulf's rally shows that investors are willing to reward the company's AI data-center pivot. The Anthropic lease gives the stock a clearer path to long-term revenue, but the next test is whether TeraWulf can deliver the project on time and turn the deal into dependable cash flow. The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc. This story was originally published July 6, 2026 at 7:47 PM.
TeraWulf stock jumps on $19 billion Anthropic AI deal
TeraWulf shares jumped on July 6 after the company landed a major artificial intelligence infrastructure customer. TeraWulf (WULF) announced a 20-year lease with Anthropic at its Justified Data campus in Hawesville, Kentucky. The agreement is expected to generate about $19 billion in contracted revenue over the initial lease term. TeraWulf stock was recently trading at $22.74 around midday July 6, up about 7.3%. The stock opened at $24.21 and traded as high as $25.04 earlier in the session. The stock move gives investors a new reason to view TeraWulf as a data-center infrastructure company, not just a business once closely tied to bitcoin mining. TeraWulf stock rallies after Anthropic lease The Anthropic agreement covers TeraWulf's Justified Data campus, a purpose-built AI infrastructure site in Kentucky. The campus is expected to support about 401 megawatts of critical IT load. Initial capacity is expected to come online in the second half of 2027, with the full 401 megawatts expected by early 2028. The deal comes as TeraWulf continues to reposition itself around AI and data services, moving the company further into the market for power-heavy computing infrastructure. Key numbers behind the TeraWulf deal TeraWulf's announcement laid out the main numbers behind the Anthropic lease and the Abernathy Joint Venture sale: * $19 billion: Expected contracted revenue over the initial lease term * 20 years: Length of the Anthropic lease * 401 megawatts: Expected critical IT load at the Justified Data campus * Second half of 2027: Expected initial capacity timing * Early 2028: Expected full ramp to 401 megawatts * $450 million: Capital TeraWulf expects to monetize through the Abernathy Joint Venture sale * More than 10%: TeraWulf's early stock move after the announcement Yuichiro Chino / Getty Images Anthropic gives TeraWulf new revenue story The Anthropic lease gives TeraWulf a high-profile AI customer and a long-term contract tied to data-center demand. TeraWulf framed the agreement as part of a broader move toward infrastructure platforms where it has direct ownership, customer relationships, and operational control. The lease gives the company a more visible source of long-term revenue tied to AI infrastructure and power-secured data-center assets. The Anthropic lease validates our strategy and establishes a long-duration revenue stream with one of the world's leading AI companies. TeraWulf also announced a separate deal to sell its 50.1% ownership interest in the Abernathy Joint Venture to a Fluidstack-led investor group. The company said the transaction monetizes about $450 million of invested capital and unlocks capital for redeployment into wholly owned AI infrastructure opportunities. The Abernathy sale gives TeraWulf more capital to support the same pivot. The company is shifting capital toward AI infrastructure sites where it can control the assets, secure long-term customers, and build recurring data-center revenue. The market still has an execution question The Anthropic deal gives TeraWulf a stronger AI infrastructure story, but the full financial impact will take time. Initial capacity at the Kentucky campus is not expected until the second half of 2027. The full 401 megawatts are expected by early 2028. The timeline leaves investors watching construction progress, power delivery, project costs, and the company's ability to turn the lease into reliable revenue. Anthropic gives TeraWulf a major customer, but the company still has to show that it can deliver the campus on schedule and support the type of infrastructure AI companies need. TeraWulf's rally shows that investors are willing to reward the company's AI data-center pivot. The Anthropic lease gives the stock a clearer path to long-term revenue, but the next test is whether TeraWulf can deliver the project on time and turn the deal into dependable cash flow. The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc. This story was originally published July 6, 2026 at 7:47 PM.
TeraWulf stock jumps on $19 billion Anthropic AI deal
TeraWulf shares jumped on July 6 after the company landed a major artificial intelligence infrastructure customer. TeraWulf (WULF) announced a 20-year lease with Anthropic at its Justified Data campus in Hawesville, Kentucky. The agreement is expected to generate about $19 billion in contracted revenue over the initial lease term. TeraWulf stock was recently trading at $22.74 around midday July 6, up about 7.3%. The stock opened at $24.21 and traded as high as $25.04 earlier in the session. The stock move gives investors a new reason to view TeraWulf as a data-center infrastructure company, not just a business once closely tied to bitcoin mining. TeraWulf stock rallies after Anthropic lease The Anthropic agreement covers TeraWulf's Justified Data campus, a purpose-built AI infrastructure site in Kentucky. The campus is expected to support about 401 megawatts of critical IT load. Initial capacity is expected to come online in the second half of 2027, with the full 401 megawatts expected by early 2028. The deal comes as TeraWulf continues to reposition itself around AI and data services, moving the company further into the market for power-heavy computing infrastructure. Key numbers behind the TeraWulf deal TeraWulf's announcement laid out the main numbers behind the Anthropic lease and the Abernathy Joint Venture sale: * $19 billion: Expected contracted revenue over the initial lease term * 20 years: Length of the Anthropic lease * 401 megawatts: Expected critical IT load at the Justified Data campus * Second half of 2027: Expected initial capacity timing * Early 2028: Expected full ramp to 401 megawatts * $450 million: Capital TeraWulf expects to monetize through the Abernathy Joint Venture sale * More than 10%: TeraWulf's early stock move after the announcement Yuichiro Chino / Getty Images Anthropic gives TeraWulf new revenue story The Anthropic lease gives TeraWulf a high-profile AI customer and a long-term contract tied to data-center demand. TeraWulf framed the agreement as part of a broader move toward infrastructure platforms where it has direct ownership, customer relationships, and operational control. The lease gives the company a more visible source of long-term revenue tied to AI infrastructure and power-secured data-center assets. The Anthropic lease validates our strategy and establishes a long-duration revenue stream with one of the world's leading AI companies. TeraWulf also announced a separate deal to sell its 50.1% ownership interest in the Abernathy Joint Venture to a Fluidstack-led investor group. The company said the transaction monetizes about $450 million of invested capital and unlocks capital for redeployment into wholly owned AI infrastructure opportunities. The Abernathy sale gives TeraWulf more capital to support the same pivot. The company is shifting capital toward AI infrastructure sites where it can control the assets, secure long-term customers, and build recurring data-center revenue. The market still has an execution question The Anthropic deal gives TeraWulf a stronger AI infrastructure story, but the full financial impact will take time. Initial capacity at the Kentucky campus is not expected until the second half of 2027. The full 401 megawatts are expected by early 2028. The timeline leaves investors watching construction progress, power delivery, project costs, and the company's ability to turn the lease into reliable revenue. Anthropic gives TeraWulf a major customer, but the company still has to show that it can deliver the campus on schedule and support the type of infrastructure AI companies need. TeraWulf's rally shows that investors are willing to reward the company's AI data-center pivot. The Anthropic lease gives the stock a clearer path to long-term revenue, but the next test is whether TeraWulf can deliver the project on time and turn the deal into dependable cash flow. The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc. This story was originally published July 6, 2026 at 7:47 PM.
TeraWulf stock jumps on $19 billion Anthropic AI deal
TeraWulf shares jumped on July 6 after the company landed a major artificial intelligence infrastructure customer. TeraWulf (WULF) announced a 20-year lease with Anthropic at its Justified Data campus in Hawesville, Kentucky. The agreement is expected to generate about $19 billion in contracted revenue over the initial lease term. TeraWulf stock was recently trading at $22.74 around midday July 6, up about 7.3%. The stock opened at $24.21 and traded as high as $25.04 earlier in the session. The stock move gives investors a new reason to view TeraWulf as a data-center infrastructure company, not just a business once closely tied to bitcoin mining. TeraWulf stock rallies after Anthropic lease The Anthropic agreement covers TeraWulf's Justified Data campus, a purpose-built AI infrastructure site in Kentucky. The campus is expected to support about 401 megawatts of critical IT load. Initial capacity is expected to come online in the second half of 2027, with the full 401 megawatts expected by early 2028. The deal comes as TeraWulf continues to reposition itself around AI and data services, moving the company further into the market for power-heavy computing infrastructure. Key numbers behind the TeraWulf deal TeraWulf's announcement laid out the main numbers behind the Anthropic lease and the Abernathy Joint Venture sale: * $19 billion: Expected contracted revenue over the initial lease term * 20 years: Length of the Anthropic lease * 401 megawatts: Expected critical IT load at the Justified Data campus * Second half of 2027: Expected initial capacity timing * Early 2028: Expected full ramp to 401 megawatts * $450 million: Capital TeraWulf expects to monetize through the Abernathy Joint Venture sale * More than 10%: TeraWulf's early stock move after the announcement Yuichiro Chino / Getty Images Anthropic gives TeraWulf new revenue story The Anthropic lease gives TeraWulf a high-profile AI customer and a long-term contract tied to data-center demand. TeraWulf framed the agreement as part of a broader move toward infrastructure platforms where it has direct ownership, customer relationships, and operational control. The lease gives the company a more visible source of long-term revenue tied to AI infrastructure and power-secured data-center assets. The Anthropic lease validates our strategy and establishes a long-duration revenue stream with one of the world's leading AI companies. TeraWulf also announced a separate deal to sell its 50.1% ownership interest in the Abernathy Joint Venture to a Fluidstack-led investor group. The company said the transaction monetizes about $450 million of invested capital and unlocks capital for redeployment into wholly owned AI infrastructure opportunities. The Abernathy sale gives TeraWulf more capital to support the same pivot. The company is shifting capital toward AI infrastructure sites where it can control the assets, secure long-term customers, and build recurring data-center revenue. The market still has an execution question The Anthropic deal gives TeraWulf a stronger AI infrastructure story, but the full financial impact will take time. Initial capacity at the Kentucky campus is not expected until the second half of 2027. The full 401 megawatts are expected by early 2028. The timeline leaves investors watching construction progress, power delivery, project costs, and the company's ability to turn the lease into reliable revenue. Anthropic gives TeraWulf a major customer, but the company still has to show that it can deliver the campus on schedule and support the type of infrastructure AI companies need. TeraWulf's rally shows that investors are willing to reward the company's AI data-center pivot. The Anthropic lease gives the stock a clearer path to long-term revenue, but the next test is whether TeraWulf can deliver the project on time and turn the deal into dependable cash flow. The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc. This story was originally published July 6, 2026 at 6:47 PM.
Alibaba Group Employees Banned from Using Anthropic's Claude Code, to Use Proprietary Coding Platform Qoder
Alibaba Group Holding Ltd is an investment holding company mainly engaged in the provision of technology infrastructure and marketing platforms. The Company operates its business through four segments. The Alibaba China E-commerce Group segment is mainly engaged in E-commerce business, including operating Tmall Supermarket and Tmall Global, providing customer management services, product sales, as well as logistics services. It also operates quick commerce business such as Taobao Instant Commerce and Ele.me, as well as the China commerce wholesale business through 1688.com. The Alibaba International Digital Commerce Group segment is mainly engaged in international commerce retail and wholesale business, operating platforms such as AliExpress, Trendyol, Lazada and Alibaba.com. The Cloud Intelligence Group segment mainly provides public and non-public cloud services. The Other segments primarily include the operations of Freshippo, Cainiao, Alibaba Health and other business.
A More Than 80% Chance of a Tesla and SpaceX Merger? It Could Be a Game Changer.
Wedbush analyst Dan Ives has put the likelihood of a merger between Tesla (NASDAQ: TSLA) and Space Exploration Technologies (NASDAQ: SPCX) at more than 80% over the next year, as the potential deal fits Elon Musk's broader artificial intelligence (AI) and data strategy. Tesla invested $2 billion in SpaceX earlier in 2026, and that investment has given Tesla nearly 19 million SpaceX shares, representing less than 1% of SpaceX's outstanding shares. 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 " Now, the bigger question for Tesla investors is whether a full merger would create a stronger AI, energy, connectivity, and robotics platform or dilute Tesla shareholder value by adding SpaceX's losses, heavy spending needs, and governance risks. Image source: Getty Images. Increasing credibility of the merger case SpaceX's June 2026 IPO has given the company a public stock price for the first time, which makes a possible stock-based merger of the two Elon Musk companies easier to value and structure. SpaceX would bring a growth engine that Tesla does not have. In 2025, SpaceX revenue rose to $18.7 billion, with the Starlink-powered connectivity unit accounting for about $11.4 billion of sales. Starlink's satellite internet user base had reached nearly 10.3 million by the end of the first quarter of 2026. If Tesla and SpaceX merge, Starlink would add a recurring-revenue business tied to satellites, consumer connectivity, and future mobile services. Tesla is already spending heavily on AI, robotics, custom chips, and manufacturing capacity. The company raised its 2026 capital spending plan to more than $25 billion, up from its earlier $20 billion forecast. Tesla also expects negative free cash flow for the rest of 2026, despite generating $1.44 billion in free cash flow in the first quarter. A merger with SpaceX could position Tesla as a broader platform company and create a more vertically integrated platform spanning AI, energy, mobility, and connectivity. Tesla would bring vehicles, robotaxis, Optimus robots, energy storage, and software-led services that generate customer demand. SpaceX would bring satellites, launch capacity, mobile connectivity, AI infrastructure, and xAI-related software needed to connect, power, and scale that platform. Potential synergies Reuters reported that SpaceX and xAI bought about $650 million in goods and services from Tesla in 2025, including $506 million in Tesla Megapack batteries and $131 million in Cybertrucks. With Tesla already supplying energy storage and vehicles to other Musk-controlled businesses, a merger could build on existing business relationships rather than relying solely on promised future synergies. Tesla's energy storage business could generate an estimated $18.3 billion of revenue in 2026, with gross profit of about $5.3 billion and gross margin near 29%. Since SpaceX and its xAI need large-scale power storage for AI and communications infrastructure, Tesla's Megapack business could become a more strategic internal supplier. Reuters has also reported that SpaceX, xAI -- which it acquired -- and Tesla plan to build two advanced chip factories at the Terafab facility in Austin, Texas, including one for Tesla vehicles and Optimus robots and another for future AI data centers in space. Tesla and SpaceX are also working on Macrohard , an early-stage AI platform designed to automate digital workflows and improve how people work with computers. These projects make the case for a merger more concrete by showing that Tesla and SpaceX may already be developing shared technology, not just operating under the same CEO. The Federal Communications Commission has approved 7,500 additional Gen2 Starlink satellites, bringing SpaceX's permitted Gen2 capacity to 15,000 satellites. SpaceX is also pushing deeper into direct-to-cell and U.S. mobile services. Over time, that could help Tesla's vehicles, robotaxis, charging sites, and energy assets stay connected. However, this is more of a future opportunity than something likely to add meaningful revenue right away. SpaceX's next-generation Starship reusable rocket system is designed to carry more than 100 metric tons to orbit. If it works reliably, SpaceX could deploy larger satellite networks and future space-based infrastructure at lower cost, strengthening a combined company's infrastructure story. But investors should also treat this as a major execution risk, not a guaranteed advantage. Tesla investors face risks The biggest challenge for a merger deal would be SpaceX's rich valuation. As I write this, the company trades at 77 times trailing-12-month sales, despite posting a $4.9 billion net loss in 2025. The company's AI business also had a $6.4 billion operating loss in 2025 and accounted for $12.7 billion of the company's capital expenditures that year. A merger could move those losses, capital needs, and AI-infrastructure risks closer to Tesla shareholders. Tesla also has major execution risks of its own. Reuters found that its robotaxi service in Texas still faced long wait times, limited availability, navigation problems, and safety challenges in some vehicles. If Tesla is still proving vehicle autonomy and SpaceX is still proving AI infrastructure, a merger would combine two long-term bets rather than clearly reducing risk. CEO Elon Musk reportedly controlled 42.5% of SpaceX's equity and 83.8% of its voting power before the IPO. After the offering, Musk was expected to retain about 82.4% of SpaceX's voting power. He also owns around 19.9% stake in Tesla's common stock. Musk's level of influence could make a Tesla-SpaceX deal easier to pursue, but it also makes fairness more important. Tesla shareholders would need confidence that the deal price properly reflects SpaceX's losses, Tesla's own growth potential, and the companies' existing business ties. So, the real question for shareholders is whether the deal would create more value than Tesla and SpaceX could create separately. Until investors see terms, valuation, board process, and a clearer path from synergy to cash flow, a potential merger should be treated as a serious possibility rather than a proven value creator. Don't miss this second chance at a potentially lucrative opportunity Ever feel like you missed the boat in buying the most successful stocks? Then you'll want to hear this. On rare occasions, our expert team of analysts issues a "Double Down" stock recommendation for companies that they think are about to pop. If you're worried you've already missed your chance to invest, now is the best time to buy before it's too late. And the numbers speak for themselves: * Nvidia: if you invested $1,000 when we doubled down in 2009, you'd have $505,952!* * Apple: if you invested $1,000 when we doubled down in 2008, you'd have $58,823!* * Netflix: if you invested $1,000 when we doubled down in 2004, you'd have $418,761!* Right now, we're issuing "Double Down" alerts for three incredible companies, available when you join Stock Advisor, and there may not be another chance like this anytime soon. See the 3 stocks " *Stock Advisor returns as of July 5, 2026. Manali Pradhan, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Tesla. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Anthropic and OpenAI 'enter' NATO's annual summit as Europe is tired of America asking it to wait
America's control of two of the world's most-popular frontier AI labs -- Anthropic and OpenAI -- hangs over NATO's upcoming Ankara summit. The constant tussle over artificial intelligence (AI) technology between the United States and countries across Europe remains as President Donald Trump enters the annual NATO leaders' summit in Ankara this week, scheduled for 7-8 July. Trump will attend the NATO summit with what is seen as a powerful leverage over Europe's military alliance. The US currently has the world's most advanced artificial intelligence technology and can decide which of its allies gets access.American AI companies such as Anthropic and OpenAI have recently announced several sophisticated AI models capable of finding and exploiting security flaws better than most human minds. These AI tools can be used to fortify cyber defense systems as well as to help adversaries launch cyberattacks at an unprecedented scale. Anthropic's Claude Mythos reportedly surfaced vulnerabilities in classified US systems within hours during a government test. The AI models even prompted a rare warning from members of the Five Eyes intelligence-sharing alliance to global leaders to "swiftly" step up security against AI-powered cyber threats.However, these American AI companies, under instructions from the Trump administration, have heavily restricted access to their models due to concerns that the technology could be misappropriated to cause widespread destruction. In early June, the administration slapped export controls on Anthropic's most cyber-capable models, Mythos and Fable, banning both foreign nationals as well as countries from using the technology. Meanwhile, the White House also stepped in to limit the rollout of OpenAI's latest cutting-edge model to a small group of US companies it approved.This decision by the Trump administration to control who has access to American AI tools has reportedly not gone too well with its European allies. European nations, including Germany, have been clamoring for access to Anthropic Mythos since its announcement in April, but only a few countries, including the United Kingdom, were initially allowed to test the technology. Earlier this month, Anthropic expanded this partnership to 150 new organizations across 15 countries, including the European Union. However, European governments fear the push-and-pull tactic by the Trump government for these AI models. As with America's software models, the danger of the US pulling a 'Kill Switch' any time persists. As these simmering concerns about AI technology cloud the NATO summit in Ankara, Europe is hedging by building its own capability, including the defence AI alliance between Helsing and Mistral. European tech leaders Helsing and Mistral formed a pact to build new military AI systems last year. The partnership brings together two of Europe's top technology startups. Helsing, a defence tech firm based in Germany, was founded in 2021. Helsing develops software for weapons, vehicles, and military strategy. Its systems have been deployed in battlefield simulations, fighter jets, and drones in Ukraine. Mistral, meanwhile, is widely considered Europe's closest competitor to OpenAI. The French startup has in the past few months become a favourite of investors across Europe.Helsing and Mistral aim to bring AI models into defence platforms. The startups said the integration will boost decision-making, understanding of environments, and communication with operators. The deal between Helsing and Mistral comes as anxieties around Russia's imperial ambitions and Donald Trump's threats to NATO have led military budgets to soar across the continent.
A More Than 80% Chance of a Tesla and SpaceX Merger? It Could Be a Game Changer.
Wedbush analyst Dan Ives has put the likelihood of a merger between Tesla (TSLA 7.35%) and Space Exploration Technologies (SPCX +2.83%) at more than 80% over the next year, as the potential deal fits Elon Musk's broader artificial intelligence (AI) and data strategy. Tesla invested $2 billion in SpaceX earlier in 2026, and that investment has given Tesla nearly 19 million SpaceX shares, representing less than 1% of SpaceX's outstanding shares. Now, the bigger question for Tesla investors is whether a full merger would create a stronger AI, energy, connectivity, and robotics platform or dilute Tesla shareholder value by adding SpaceX's losses, heavy spending needs, and governance risks. Increasing credibility of the merger case SpaceX's June 2026 IPO has given the company a public stock price for the first time, which makes a possible stock-based merger of the two Elon Musk companies easier to value and structure. SpaceX would bring a growth engine that Tesla does not have. In 2025, SpaceX revenue rose to $18.7 billion, with the Starlink-powered connectivity unit accounting for about $11.4 billion of sales. Starlink's satellite internet user base had reached nearly 10.3 million by the end of the first quarter of 2026. If Tesla and SpaceX merge, Starlink would add a recurring-revenue business tied to satellites, consumer connectivity, and future mobile services. Tesla is already spending heavily on AI, robotics, custom chips, and manufacturing capacity. The company raised its 2026 capital spending plan to more than $25 billion, up from its earlier $20 billion forecast. Tesla also expects negative free cash flow for the rest of 2026, despite generating $1.44 billion in free cash flow in the first quarter. A merger with SpaceX could position Tesla as a broader platform company and create a more vertically integrated platform spanning AI, energy, mobility, and connectivity. Tesla would bring vehicles, robotaxis, Optimus robots, energy storage, and software-led services that generate customer demand. SpaceX would bring satellites, launch capacity, mobile connectivity, AI infrastructure, and xAI-related software needed to connect, power, and scale that platform. Potential synergies Reuters reported that SpaceX and xAI bought about $650 million in goods and services from Tesla in 2025, including $506 million in Tesla Megapack batteries and $131 million in Cybertrucks. With Tesla already supplying energy storage and vehicles to other Musk-controlled businesses, a merger could build on existing business relationships rather than relying solely on promised future synergies. Tesla's energy storage business could generate an estimated $18.3 billion of revenue in 2026, with gross profit of about $5.3 billion and gross margin near 29%. Since SpaceX and its xAI need large-scale power storage for AI and communications infrastructure, Tesla's Megapack business could become a more strategic internal supplier. Reuters has also reported that SpaceX, xAI -- which it acquired -- and Tesla plan to build two advanced chip factories at the Terafab facility in Austin, Texas, including one for Tesla vehicles and Optimus robots and another for future AI data centers in space. Tesla and SpaceX are also working on Macrohard , an early-stage AI platform designed to automate digital workflows and improve how people work with computers. These projects make the case for a merger more concrete by showing that Tesla and SpaceX may already be developing shared technology, not just operating under the same CEO. The Federal Communications Commission has approved 7,500 additional Gen2 Starlink satellites, bringing SpaceX's permitted Gen2 capacity to 15,000 satellites. SpaceX is also pushing deeper into direct-to-cell and U.S. mobile services. Over time, that could help Tesla's vehicles, robotaxis, charging sites, and energy assets stay connected. However, this is more of a future opportunity than something likely to add meaningful revenue right away. SpaceX's next-generation Starship reusable rocket system is designed to carry more than 100 metric tons to orbit. If it works reliably, SpaceX could deploy larger satellite networks and future space-based infrastructure at lower cost, strengthening a combined company's infrastructure story. But investors should also treat this as a major execution risk, not a guaranteed advantage. Tesla investors face risks The biggest challenge for a merger deal would be SpaceX's rich valuation. As I write this, the company trades at 77 times trailing-12-month sales, despite posting a $4.9 billion net loss in 2025. The company's AI business also had a $6.4 billion operating loss in 2025 and accounted for $12.7 billion of the company's capital expenditures that year. A merger could move those losses, capital needs, and AI-infrastructure risks closer to Tesla shareholders. Tesla also has major execution risks of its own. Reuters found that its robotaxi service in Texas still faced long wait times, limited availability, navigation problems, and safety challenges in some vehicles. If Tesla is still proving vehicle autonomy and SpaceX is still proving AI infrastructure, a merger would combine two long-term bets rather than clearly reducing risk. CEO Elon Musk reportedly controlled 42.5% of SpaceX's equity and 83.8% of its voting power before the IPO. After the offering, Musk was expected to retain about 82.4% of SpaceX's voting power. He also owns around 19.9% stake in Tesla's common stock. Musk's level of influence could make a Tesla-SpaceX deal easier to pursue, but it also makes fairness more important. Tesla shareholders would need confidence that the deal price properly reflects SpaceX's losses, Tesla's own growth potential, and the companies' existing business ties. So, the real question for shareholders is whether the deal would create more value than Tesla and SpaceX could create separately. Until investors see terms, valuation, board process, and a clearer path from synergy to cash flow, a potential merger should be treated as a serious possibility rather than a proven value creator.
A More Than 80% Chance of a Tesla and SpaceX Merger? It Could Be a Game Changer.
Wedbush analyst Dan Ives has put the likelihood of a merger between Tesla (NASDAQ: TSLA) and Space Exploration Technologies (NASDAQ: SPCX) at more than 80% over the next year, as the potential deal fits Elon Musk's broader artificial intelligence (AI) and data strategy. Tesla invested $2 billion in SpaceX earlier in 2026, and that investment has given Tesla nearly 19 million SpaceX shares, representing less than 1% of SpaceX's outstanding shares. 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 " Now, the bigger question for Tesla investors is whether a full merger would create a stronger AI, energy, connectivity, and robotics platform or dilute Tesla shareholder value by adding SpaceX's losses, heavy spending needs, and governance risks. Increasing credibility of the merger case SpaceX's June 2026 IPO has given the company a public stock price for the first time, which makes a possible stock-based merger of the two Elon Musk companies easier to value and structure. SpaceX would bring a growth engine that Tesla does not have. In 2025, SpaceX revenue rose to $18.7 billion, with the Starlink-powered connectivity unit accounting for about $11.4 billion of sales. Starlink's satellite internet user base had reached nearly 10.3 million by the end of the first quarter of 2026. If Tesla and SpaceX merge, Starlink would add a recurring-revenue business tied to satellites, consumer connectivity, and future mobile services. Tesla is already spending heavily on AI, robotics, custom chips, and manufacturing capacity. The company raised its 2026 capital spending plan to more than $25 billion, up from its earlier $20 billion forecast. Tesla also expects negative free cash flow for the rest of 2026, despite generating $1.44 billion in free cash flow in the first quarter. A merger with SpaceX could position Tesla as a broader platform company and create a more vertically integrated platform spanning AI, energy, mobility, and connectivity. Tesla would bring vehicles, robotaxis, Optimus robots, energy storage, and software-led services that generate customer demand. SpaceX would bring satellites, launch capacity, mobile connectivity, AI infrastructure, and xAI-related software needed to connect, power, and scale that platform. Potential synergies Reuters reported that SpaceX and xAI bought about $650 million in goods and services from Tesla in 2025, including $506 million in Tesla Megapack batteries and $131 million in Cybertrucks. With Tesla already supplying energy storage and vehicles to other Musk-controlled businesses, a merger could build on existing business relationships rather than relying solely on promised future synergies.
Anthropic plans to buy 1.4-GW Australian data centre capacity, AFR reports By Investing.com
Investing.com-- Artificial intelligence startup Anthropic is seeking to secure at least 1.4 gigawatts of Australian data centre capacity in a project that could cost as much as $15 billion, the Australian Financial Review reported on Sunday, citing confidential tender documents. The AFR said Anthropic is aiming to begin using at least 1 GW of capacity by the end of 2027 after opening its Australian office earlier this year. Get real-time updates on market-moving news with InvestingPro According to the report, Anthropic's preferred approach is to partner with a developer capable of building a large-scale 1.4 GW-plus data centre campus, while remaining open to jointly developing a suitable site if one is not yet available. The tender was sent to major Australian data centre operators including CDC Data Centres, AirTrunk, Nextdc (ASX:NXT), Iren and Stack, with initial proposals submitted in March and shortlisted bidders meeting company executives in Canberra in April, the AFR said. Anthropic is expected to make a final decision in at least six weeks and could split the project among four or five providers instead of awarding it to a single developer, the AFR reported.
Anthropic, White House Have Not Discussed Government Stake in Firm | PYMNTS.com
So far, rival artificial intelligence startup Anthropic does not seem to have followed suit, according to a corresponding report from Reuters. A source familiar with the matter told the news outlet that the White House and Anthropic have not talked about the government taking a stake in the company. That comment followed a Financial Times report that OpenAI CEO Sam Altman had discussed giving the federal government a 5% share of the company, which Reuters says raises the question of whether other AI firms are holding similar talks. Both companies, the report added, are facing government scrutiny over possible misuse of advanced AI models, and whether the public would benefit from the sector's soaring valuations. Last month, the Commerce Department imposed and then later lifted export controls on two of Anthropic's most advanced models following concerns that the tools did not come with proper safeguards. The government has also increased oversight on new models, the report added, though submitting these models for review is voluntary. President Donald Trump has said he was considering plans to offer the public a stake in leading AI companies. The FT report also noted that Altman had in recent weeks talked with Sen. Bernie Sanders of Vermont, an independent who caucuses with the Democrats. Sanders has lobbied for the creation of a sovereign wealth fund allowing for public ownership of nearly half of each American AI company. In other AI news, new research from PYMNTS Intelligence suggests that employers are becoming an increasingly influential force in guiding which AI platforms consumers use in their personal lives. As covered here last week, 78% of employees whose companies provide access to an AI platform say they use the same tool outside of work. "For years, much of the industry's public discussion has centered on model performance. Companies compete over benchmark scores, reasoning capabilities, multimodal functionality and increasingly sophisticated AI agents," that report said. "Those advances remain important, but the PYMNTS findings suggest another competitive variable may prove equally influential: consistent daily exposure to AI tools." Unlike regular consumer software adoption, which hinges on convincing people to try a new application, enterprise AI introduces users via daily work requirements. Employees learn prompting techniques, develop workflows and build confidence using tools at work before deciding if those tools will be useful at home. "That familiarity appears to carry significant weight," PYMNTS added. "Rather than beginning their consumer AI journey by comparing competing models, many users simply continue using the platform they already know." For all PYMNTS AI coverage, subscribe to the daily AI Newsletter.
Retail Investors Are Turning To AST SpaceMobile (NASDAQ: ASTS) Over SpaceX IPO Hype
AST SpaceMobile (NASDAQ: ASTS) is gaining serious traction among retail investors who see it as a more accessible and operationally grounded alternative to the SpaceX phenomenon. The company is developing what it describes as the world's first space-based cellular broadband network, operating in Low Earth Orbit and targeting standard smartphones directly. Unlike competitors chasing speculative venture capital dreams, AST SpaceMobile has already built and deployed real infrastructure in the form of its BlueBird satellites, the largest commercial satellites currently in orbit. The Federal Communications Commission has approved AST to deploy and operate a full 248-satellite constellation, alongside authorization to conduct direct-to-cell operations at commercial scale. AST's business model targets regions where traditional cell tower infrastructure is economically unviable, including remote highways, national parks, mining operations, offshore energy platforms, disaster zones, and rural farmland. The company has secured agreements with 60 mobile network operators whose combined subscriber bases exceed 3 billion people across global markets. Major telecommunications carriers including AT&T, Verizon, and Vodafone have already signed on, lending the company significant commercial credibility and a clear path toward recurring revenue. Crossroads Capital, writing in its Q1 2026 investor letter, noted that AST's transition was moving from "underway" to "unmistakable," highlighting the shift from an R&D-stage startup to an operational scaleup over just three months. The firm also acknowledged a setback during the quarter, when a BlueBird satellite designated BB7 was placed in the wrong orbit by Blue Origin's New Glenn 3 rocket, a misplacement attributed entirely to the launch vehicle rather than any failure in AST's technology. Despite that disruption, which triggered a short-term market downturn, investor sentiment around the stock has remained constructive, with 39 hedge funds holding positions in the company. Reddit communities focused on space investment have increasingly pointed to ASTS as the more rational bet for investors who want genuine exposure to satellite infrastructure rather than chasing the private-market valuation of SpaceX. The stock ranked 11th on a recent list of recommended alternatives for investors seeking to avoid SpaceX while still gaining meaningful space-sector exposure with publicly traded equities.
Exclusive: Mirae Asset Securities to Pay 10% Interest on Failed SpaceX IPO
Firm to Compensate 1.42 Billion Won for Tied-Up Funds After Allocation Failure Mirae Asset Securities announced on the 6th that it is "strongly considering a plan to pay annual 10% passage interest to individual investors whose funds were tied up due to the failed subscription for SpaceX's initial public offering (IPO)." The compensation is estimated to amount to approximately 1.4 billion Korean won. Passage interest refers to interest calculated and paid based on the period during which funds were tied up. Mirae Asset Securities conducted the SpaceX IPO subscription for registered professional individual and corporate/institutional investors from June 5 to 10. The total offering amount was 1.14 billion dollars. Of this, 500 million dollars allocated to individual professional investors sold out within 1-2 minutes of the sale's start. However, the lead underwriter Goldman Sachs did not allocate any shares to Mirae Asset Securities during the final allocation process, causing the subscription to fail. Mirae Asset Securities fully refunded the subscription deposits on the morning of June 13. Previously, the virtual asset exchange Bybit set a precedent by paying annual 10% passage interest in a similar case. Mirae Asset Securities plans to apply the same 10% annual rate. Calculating compensation based on the amounts deposited by individual professional investors yields approximately 1.42 billion Korean won. The $300 million deposited on June 5 was tied up for 8 days until the refund date of the 13th, while the $200 million deposited on June 8 was tied up for 5 days. Applying the annual 10% rate on a daily basis, the $300 million portion accrues 657,534 dollars, and the $200 million portion accrues 273,973 dollars. The total of 931,507 dollars, when converted using the exchange rate at the time of refund (1 dollar = 1,524.8 Korean won), amounts to approximately 1.4204 billion Korean won. A Mirae Asset Securities official stated, "We deeply regret the inconvenience caused to customers awaiting subscription results. We will do our best to protect investors and provide stable services." Meanwhile, the Financial Supervisory Service has initiated an inspection into Mirae Asset Securities regarding this incident. Lee Chan-jin, head of the Financial Supervisory Service, recently said at a press briefing, "We never imagined such an incident could occur," and added that the inspection will determine whether the issue stemmed from communication failures by the lead underwriter or other factors. Mirae Asset Securities is also considering legal action if it determines that unfair treatment contributed to the allocation failure. Regarding Bloomberg's report, which claimed that a misunderstanding of the order submission process resulted in no shares being allocated, the company plans to hold Bloomberg accountable for legal responsibility.
China's Z.ai a challenger to OpenAI and Anthropic
NEW DELHI: Chinese artificial intelligence startup Z.ai is emerging as a fresh challenger to OpenAI and Anthropic after its latest flagship model GLM-5.2 gained traction among developers for delivering advanced coding and AI agent capabilities at a significantly lower cost.The Beijing-based company's latest model has climbed developer rankings and drawn praise from prominent AI figures, with some industry observers calling it a "mini DeepSeek moment". Analysts say GLM-5.2 comes close to leading US models in software engineering and long-horizon AI tasks, while operating at a fraction of their cost, reigniting debate over China's growing competitiveness in frontier AI.The momentum comes as US export restrictions on advanced AI models have fuelled interest in alternative offerings. While enterprise adoption could face scrutiny because of data security concerns surrounding Chinese AI models, developers are increasingly experimenting with lower-cost, open-weight alternatives.For Indian users, GLM-5.2 is available through Z.ai's web chatbot for conversations, coding assistance, document analysis and AI-powered research. Developers can also access the model through APIs and integrate it with more than 20 coding tools. Paid subscriptions start at about Rs 1,410 a month under the current discounted pricing, compared with roughly Rs 1,740 for ChatGPT Plus and Claude Pro, while Google's Gemini AI Pro subscription costs Rs 1,950 a month in India.According to Jaspreet Bindra, CEO of AI & Beyond, GLM-5.2's significance lies less in outperforming OpenAI or Anthropic than in changing how enterprises evaluate AI models.
Anthropic Could Be a $1 Trillion IPO This Fall. These 2 Stocks Already Own a Piece.
The next giant public offering is already in motion. Anthropic, the artificial intelligence (AI) company behind the Claude models, confidentially filed to go public on June 1, on the heels of a funding round that raised $65 billion at a $965 billion valuation. Its reported annualized revenue is approaching $50 billion, and a listing reportedly could come as early as this fall. The trajectory behind those numbers has few precedents. Anthropic's reported revenue run rate was about $4 billion as recently as last July, and expectations reportedly call for $10.9 billion of revenue in the second quarter alone. Only a handful of companies listed on U.S. exchanges carry a market value above Anthropic's last private mark. 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 " Individual investors, of course, can't buy shares yet. But two of the market's most familiar names bought in years ago, and their stakes have quietly become staggeringly large paper windfalls: Amazon (NASDAQ: AMZN) and Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL). Which stock gives investors the better claim on the debut? Run the stakes. 1. Amazon: the bigger, quieter stake Amazon invested $8 billion in Anthropic convertible notes from Q3 2023 to Q4 2025, with portions later converted to nonvoting preferred stock. The company has never disclosed an ownership percentage. But estimates built from its filings put the stake in the mid-to-high teens, worth perhaps $135 billion to $160 billion at Anthropic's current valuation -- and Amazon has committed to invest up to $20 billion more. By April, the position -- $42.2 billion of convertible notes plus $32 billion of nonvoting preferred -- was already carried at more than $74 billion on paper, before the latest round could mark it higher. The mark-ups are already flowing through Amazon's results. In the first quarter, it recognized $16.8 billion of pre-tax gains included in non-operating income from its Anthropic investments -- more than 40% of its pre-tax income for the period. Set the stake against Amazon's own size, and the leverage shows. At a market value of about $2.6 trillion, a $150 billion position amounts to nearly 6% of the company. A $1 trillion IPO price would push it higher still. 2. Alphabet: the capped stake with a complication Alphabet's position is more precisely known. Court documents put it at roughly 14% of Anthropic in straight equity, contractually capped at 15% -- worth about $135 billion at the last private valuation. And in April, the company reportedly committed up to $40 billion more, with $10 billion arriving immediately and the rest tied to milestones.
Anthropic Could Be a $1 Trillion IPO This Fall. These 2 Stocks Already Own a Piece.
The next giant public offering is already in motion. Anthropic, the artificial intelligence (AI) company behind the Claude models, confidentially filed to go public on June 1, on the heels of a funding round that raised $65 billion at a $965 billion valuation. Its reported annualized revenue is approaching $50 billion, and a listing reportedly could come as early as this fall. The trajectory behind those numbers has few precedents. Anthropic's reported revenue run rate was about $4 billion as recently as last July, and expectations reportedly call for $10.9 billion of revenue in the second quarter alone. Only a handful of companies listed on U.S. exchanges carry a market value above Anthropic's last private mark. 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 " Individual investors, of course, can't buy shares yet. But two of the market's most familiar names bought in years ago, and their stakes have quietly become staggeringly large paper windfalls: Amazon (NASDAQ: AMZN) and Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL). Which stock gives investors the better claim on the debut? Run the stakes. Image source: Getty Images. 1. Amazon: the bigger, quieter stake Amazon invested $8 billion in Anthropic convertible notes from Q3 2023 to Q4 2025, with portions later converted to nonvoting preferred stock. The company has never disclosed an ownership percentage. But estimates built from its filings put the stake in the mid-to-high teens, worth perhaps $135 billion to $160 billion at Anthropic's current valuation -- and Amazon has committed to invest up to $20 billion more. By April, the position -- $42.2 billion of convertible notes plus $32 billion of nonvoting preferred -- was already carried at more than $74 billion on paper, before the latest round could mark it higher. The mark-ups are already flowing through Amazon's results. In the first quarter, it recognized $16.8 billion of pre-tax gains included in non-operating income from its Anthropic investments -- more than 40% of its pre-tax income for the period. Set the stake against Amazon's own size, and the leverage shows. At a market value of about $2.6 trillion, a $150 billion position amounts to nearly 6% of the company. A $1 trillion IPO price would push it higher still. 2. Alphabet: the capped stake with a complication Alphabet's position is more precisely known. Court documents put it at roughly 14% of Anthropic in straight equity, contractually capped at 15% -- worth about $135 billion at the last private valuation. And in April, the company reportedly committed up to $40 billion more, with $10 billion arriving immediately and the rest tied to milestones. Alphabet's books already show a similar private-investment effect, too. Its first quarter included about $28.7 billion in net income from equity securities gains -- nearly half of a record $62.6 billion quarterly profit. But the stake lands differently at Alphabet's scale. Against a market value of about $4.4 trillion, $135 billion works out to about 3% of the company. And there's a strategic issue Amazon doesn't carry to the same degree: Alphabet competes directly with the company it part-owns, selling its Gemini models against Anthropic's Claude. Which stock gives you the better claim? A public listing changes two things for these holders. It prints a market price on stakes both companies currently value by accounting estimate, and it opens a path -- eventually -- to converting paper gains into cash. For Anthropic exposure per dollar invested, Amazon wins the math. Its estimated stake is as large as Alphabet's or larger, inside a company about 40% smaller -- so every move in Anthropic's value means roughly twice as much to Amazon shareholders as it does to Alphabet's. But there are some caveats. These are paper values, and an IPO would finally test them in a public market that can be far less generous than a private funding round. Much of both positions also sits in instruments -- convertible notes, capped equity -- whose economics differ from common stock, which is exactly why the eventual filing details matter. Still, the conclusion holds. If the reason to own one of these two stocks is Anthropic, I'd buy Amazon: the exposure is meaningfully larger relative to the company's size, and it comes without the awkwardness of funding a direct competitor. Alphabet shareholders get a fine consolation prize -- a capped-but-enormous stake, already padding reported profits. But if Anthropic prices at $1 trillion or more this fall, Amazon is the stock whose windfall is large enough to move the whole investment case. Should you buy stock in Alphabet right now? Before you buy stock in Alphabet, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Alphabet wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $418,761!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,195,804!* Now, it's worth noting Stock Advisor's total average return is 918% -- a market-crushing outperformance compared to 208% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors. See the 10 stocks " *Stock Advisor returns as of July 5, 2026. Daniel Sparks and his clients have no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet and Amazon. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Anthropic Could Be a $1 Trillion IPO This Fall. These 2 Stocks Already Own a Piece.
The next giant public offering is already in motion. Anthropic, the artificial intelligence (AI) company behind the Claude models, confidentially filed to go public on June 1, on the heels of a funding round that raised $65 billion at a $965 billion valuation. Its reported annualized revenue is approaching $50 billion, and a listing reportedly could come as early as this fall. The trajectory behind those numbers has few precedents. Anthropic's reported revenue run rate was about $4 billion as recently as last July, and expectations reportedly call for $10.9 billion of revenue in the second quarter alone. Only a handful of companies listed on U.S. exchanges carry a market value above Anthropic's last private mark. Individual investors, of course, can't buy shares yet. But two of the market's most familiar names bought in years ago, and their stakes have quietly become staggeringly large paper windfalls: Amazon (AMZN +0.55%) and Alphabet (GOOG 0.48%)(GOOGL 0.23%). Which stock gives investors the better claim on the debut? Run the stakes. 1. Amazon: the bigger, quieter stake Amazon invested $8 billion in Anthropic convertible notes from Q3 2023 to Q4 2025, with portions later converted to nonvoting preferred stock. The company has never disclosed an ownership percentage. But estimates built from its filings put the stake in the mid-to-high teens, worth perhaps $135 billion to $160 billion at Anthropic's current valuation -- and Amazon has committed to invest up to $20 billion more. By April, the position -- $42.2 billion of convertible notes plus $32 billion of nonvoting preferred -- was already carried at more than $74 billion on paper, before the latest round could mark it higher. The mark-ups are already flowing through Amazon's results. In the first quarter, it recognized $16.8 billion of pre-tax gains included in non-operating income from its Anthropic investments -- more than 40% of its pre-tax income for the period. Set the stake against Amazon's own size, and the leverage shows. At a market value of about $2.6 trillion, a $150 billion position amounts to nearly 6% of the company. A $1 trillion IPO price would push it higher still. 2. Alphabet: the capped stake with a complication Alphabet's position is more precisely known. Court documents put it at roughly 14% of Anthropic in straight equity, contractually capped at 15% -- worth about $135 billion at the last private valuation. And in April, the company reportedly committed up to $40 billion more, with $10 billion arriving immediately and the rest tied to milestones. Alphabet's books already show a similar private-investment effect, too. Its first quarter included about $28.7 billion in net income from equity securities gains -- nearly half of a record $62.6 billion quarterly profit. But the stake lands differently at Alphabet's scale. Against a market value of about $4.4 trillion, $135 billion works out to about 3% of the company. And there's a strategic issue Amazon doesn't carry to the same degree: Alphabet competes directly with the company it part-owns, selling its Gemini models against Anthropic's Claude. Which stock gives you the better claim? A public listing changes two things for these holders. It prints a market price on stakes both companies currently value by accounting estimate, and it opens a path -- eventually -- to converting paper gains into cash. For Anthropic exposure per dollar invested, Amazon wins the math. Its estimated stake is as large as Alphabet's or larger, inside a company about 40% smaller -- so every move in Anthropic's value means roughly twice as much to Amazon shareholders as it does to Alphabet's. But there are some caveats. These are paper values, and an IPO would finally test them in a public market that can be far less generous than a private funding round. Much of both positions also sits in instruments -- convertible notes, capped equity -- whose economics differ from common stock, which is exactly why the eventual filing details matter. Still, the conclusion holds. If the reason to own one of these two stocks is Anthropic, I'd buy Amazon: the exposure is meaningfully larger relative to the company's size, and it comes without the awkwardness of funding a direct competitor. Alphabet shareholders get a fine consolation prize -- a capped-but-enormous stake, already padding reported profits. But if Anthropic prices at $1 trillion or more this fall, Amazon is the stock whose windfall is large enough to move the whole investment case.
Meta Platforms restricts engineers from using Anthropic's Claude and OpenAI's Codex
The tech giant is locking down rival AI tools to prevent 'model distillation' risks, joining Microsoft in a broader industry pullback from third-party coding assistants Meta has drawn a hard line in the AI arms race. The company's Applied AI division now explicitly prohibits engineers from using Anthropic's Claude Code and OpenAI's Codex, two of the most popular AI-powered coding tools in the industry. The restrictions, documented internally around June 29, 2026, are designed to prevent a specific and somewhat ironic problem: rival AI models accidentally teaching Meta's own models their tricks. The distillation problem The concern is straightforward. When Meta engineers use Claude Code or Codex to write code, generate data, or run evaluations, those outputs carry the DNA of Anthropic's and OpenAI's proprietary models. If that output then feeds into Meta's training pipelines, evaluation benchmarks, or post-training datasets, Meta's models could absorb competitive capabilities they didn't develop themselves. That's not just an intellectual property headache. It's a potential breach of service agreements with both Anthropic and OpenAI, which typically prohibit using their outputs to train competing models. Teams within Meta's Applied AI division have been told to halt tasks involving these external tools, enforce human oversight on any remaining workflows, and scrub any prior outputs from data generation processes and benchmarks. The scale of the problem was enormous Before Meta pulled the plug, usage had reached staggering levels. An internal tracking system, which Meta employees reportedly nicknamed the "Claudeonomics" dashboard, recorded 60 trillion tokens consumed within a single 30-day period. Microsoft reportedly canceled a majority of its Claude Code licenses by June 30, 2026, citing excessive token consumption as a primary driver.
Anthropic pledges $200 billion to Google Cloud, reshaping the AI infrastructure race
The five-year commitment accounts for over 40% of Alphabet's Google Cloud revenue backlog and signals a new era of hyperscale AI spending Anthropic just wrote what might be the largest check in enterprise cloud history. The Claude AI maker has committed roughly $200 billion to Google Cloud services over the next five years, a deal so large it represents more than 40% of Alphabet's entire disclosed revenue backlog for its cloud division. What the deal actually includes The commitment isn't just about renting server space. Back in October 2025, Anthropic expanded an existing agreement to acquire up to one million of Google's custom AI chips, known as Tensor Processing Units. That deal alone was valued in the tens of billions of dollars. Then in April 2026, Anthropic struck a separate alliance with Google and Broadcom targeting multiple gigawatts of next-generation TPU capacity starting in 2027. The practical result is that Anthropic's Claude models are deeply embedded in Google Cloud's Vertex AI platform, running alongside Google's own Gemini models. The two companies have been presenting jointly at Google Cloud Next conferences throughout 2025 and 2026. Anthropic isn't exclusive to Google. Claude models are also hosted on AWS and Microsoft Azure. Why this matters for the broader tech ecosystem For Alphabet investors, the math is straightforward. A $200 billion commitment over five years translates to roughly $40 billion in annual revenue from a single customer. The crypto infrastructure overlap AI training and crypto mining share a critical resource: data center capacity. Both require massive amounts of power, cooling, and physical space. As AI companies like Anthropic consume multiple gigawatts of capacity, they're competing directly with Bitcoin miners and blockchain validators for the same real estate and energy resources. Several publicly traded Bitcoin miners have pivoted toward offering AI compute services because the margins are higher and the demand is more predictable than mining rewards that fluctuate with Bitcoin's price.
Anthropic's Claude Available in Microsoft Corporation (MSFT) Foundry Powered by Nvidia GPUs
Microsoft Corporation (NASDAQ:MSFT) is one of the top AI stocks to buy according to billionaire Philippe Laffont. On June 30, Microsoft Corp (NASDAQ: MSFT) confirmed the general availability of Anthropic's Claude models in Foundry. Organizations can now run Claude within their Azure environments while leveraging Microsoft authentication, billing, and governance controls. Ken Wolter / Shutterstock.com Claude Models in Microsoft Foundry are hosted in Azure infrastructure powered by Nvidia's GB300 Blackwell Ultra GPUs. The deployments follow a partnership among Microsoft, Nvidia, and Anthropic, covering Claude's availability on Nvidia-accelerated computing. Enterprises will be able to build through the existing Microsoft Azure account. Teams will also build agentic applications that run their work with Claude in an environment they already operate in. It is an important step for customers looking to build agentic applications and plan to move from AI experimentation to production. Microsoft acknowledges that Anthropic remains the seller and operator of Claude models in Microsoft Foundry. It also acts as an independent data processor for prompts and outputs. Foundry Agent Service will also use Claude as a reasoning core for multi-step planning, tool use, and task execution across various enterprise systems. Microsoft Corporation (NASDAQ:MSFT) integrates artificial intelligence across its entire business ecosystem. Their AI operations span three primary pillars: AI Infrastructure & Cloud Services, Enterprise & Personal Productivity, and Fundamental AI Research. While we acknowledge the potential of MSFT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. Disclosure: None. Follow Insider Monkey on Google News.