News & Updates
The latest news and updates from companies in the WLTH portfolio.
VZ, T, TMUS: SpaceX Starlink's Rise Tests Telecom Giants, But This Analyst Sees Opportunity Ahead
Morningstar sees limited impact of SpaceX's Starlink expansion on telecom companies. * Morningstar's Michael Hodel said Starlink has become a profitable satellite internet service, with EchoStar's deal supporting SpaceX's wireless expansion plans. * Hodel expects Starlink to complement rather than replace traditional networks. * He also highlighted Comcast, Disney, and Omnicom as attractive opportunities in the communications sector. Analysts believe SpaceX's (SPCX) Starlink satellite network is unlikely to dramatically reshape the broadband and wireless landscape, despite investor concerns surrounding the space technology firm's public debut and its potential impact on traditional communications providers. Add Asianet Newsable as a Preferred Source Starlink's Expansion Faces Market Limits Michael Hodel, Sector director, Communication Services, Morningstar, said in a note that SpaceX's satellite internet service has quickly attracted customers worldwide and emerged as a profitable part of the company's broader operations. The company is also pursuing direct-to-phone connectivity through spectrum acquisitions, raising concerns among traditional telecom providers. EchoStar (ECHO) has sold its nationwide AWS-3 wireless spectrum licenses to SpaceX for $2.6 billion in stock, strengthening the latter's plans for Starlink's satellite-based mobile services. According to Hodel, Starlink has built a considerable customer base in the U.S., but much of its adoption has come from rural communities that previously relied on slower internet options or older satellite services. The analyst expects improvements in satellite capacity over time, but believes technical limitations will prevent Starlink from replacing high-performing terrestrial networks in most populated areas. Wireless Disruption Concerns May Be Overstated Starlink's ambitions to connect directly with mobile devices have pressured shares of major telecom companies, including AT&T Inc. (T), Verizon Communications (VZ), and T-Mobile US (TMUS). However, Hodel argues satellite coverage works best in remote locations and cannot fully satisfy consumers who expect reliable service everywhere they travel. He added that building a nationwide wireless network would be difficult for SpaceX because it would need large amounts of spectrum and billions of dollars in infrastructure spending. Major carriers like AT&T, Verizon, and T-Mobile also have little interest in sharing their networks with a new competitor. Comcast, Disney And Omnicom Stand Out Amid Sector Pressure Despite industry uncertainty, Morningstar identified several companies as attractive opportunities in the communications sector. Comcast (CMCSA) remains a favored broadband play as the company evaluates options following its media separation plans. Walt Disney (DIS) is viewed positively because of streaming improvements, content strength, and growth opportunities beyond conventional television. Hodel also highlighted Omnicom (OMC), noting that while artificial intelligence creates challenges for advertising agencies, companies with strong data capabilities could benefit from changing marketing demands. SPCX stock has dropped 5% since its June debut, while CMCSA and DIS shares have declined 16% and 15%, respectively. OMC stock has remained flat during the same period. For updates and corrections, email newsroom[at]stocktwits[dot]com.<
SPCX Stock Slides Ahead Of Nasdaq-100 Debut: Billionaire Value Investor Says Its 'Third-Rate' AI Is Getting 'Kicked Around' By Anthropic, OpenAI
SpaceX will join the Nasdaq-100 on Tuesday, creating automatic demand from ETFs and mutual funds tied to the index, including QQQ. * Its initial index weight is expected to be limited to about 1% to 1.3% because less than 5% of shares were sold publicly. * Insider lockups could create future selling pressure, with some restrictions expected to expire 70 to 135 days after the June 12 IPO. * Jeremy Grantham criticized SpaceX's valuation, calling it the "craziest IPO in the history of man" and saying the company is "rolling in red ink." SpaceX entered its Nasdaq-100 debut week under pressure, with passive index demand set to kick in even as Jeremy Grantham questioned whether the company's AI-driven valuation can withstand scrutiny. Add Asianet Newsable as a Preferred Source SPCX stock fell 1% on Monday, extending a pullback after losing another 1% over the past week. Shares were also down 2% overnight late Monday. SpaceX Joins Nasdaq-100 SpaceX is set to enter the Nasdaq-100 at the start of trading on Tuesday, triggering automatic demand from index-linked mutual funds and ETFs, including Invesco's QQQ. The company was fast-tracked into the benchmark under rules designed to include newly public megacap companies sooner. Still, its initial index weight is expected to be limited by its small public float. SpaceX sold less than 5% of its shares in last month's public offering, while employee and insider lockups restrict additional supply. Since Nasdaq adjusts weights based on free float, SpaceX is expected to enter with an index weight of about 1% to 1.3%, far below what its $2 trillion market value would otherwise imply. The Nasdaq-100 debut also comes with a future supply risk. Some insider lockups are expected to expire in tranches between 70 and 135 days after SpaceX's June 12 IPO, while CEO Elon Musk's shares and certain large-holder restrictions are expected to remain locked for about a year. Jeremy Grantham Slams SPCX Valuation The index debut comes as Grantham, investment strategist at GMO, criticized SpaceX's valuation. Grantham is a legendary value investor known for repeatedly warning about major market bubbles, from Japan in 1989 and the dot-com peak in 2000 to the 2008 housing crisis and today's AI-driven valuations. In a Morningstar interview, Grantham called SpaceX the "craziest IPO in the history of man," arguing that investors may look back on the prospectus decades from now as a symbol of market excess. He said the company is "rolling in red ink" despite its towering valuation, and argued that much of the long-term case rests on aggressive AI assumptions. Grantham said 90% of the projection depends on SpaceX's "currently third-rate AI offering," which he said is being "kicked around the block" by Anthropic and OpenAI. xAI, acquired by SpaceX in an all-stock deal in February 2026 and now being rebranded as SpaceXAI, gained further momentum in June with SpaceX's $60 billion all-stock acquisition of Cursor parent Anysphere. The deal is expected to bolster Grok by combining Cursor's coding intelligence and developer data with xAI's Colossus supercluster. The AI push is unfolding as rival AI leaders Anthropic and OpenAI prepare for mega public listings, with private valuations of about $965 billion and $852 billion, respectively. Grantham acknowledged that index inclusion could lift the stock in the short run as forced buying may outstrip available supply: "So supply and demand being what it is, it's hard to imagine the price won't go up, and perhaps it will go up a lot." But he warned that the longer-term risk remains severe, saying he would "bet at least 90%" on a crash rather than SpaceX ultimately justifying its current valuation. Grantham also questioned SpaceX's broader AI and space assumptions, saying some productivity claims show "no idea what they're talking about" and that much of the space-travel ambition in the prospectus would be viewed by serious physicists as "utterly inconceivable." How Do Retail Traders Feel About SPCX? On Stocktwits, retail sentiment for SPCX flipped to 'bearish' levels over the past week from 'extremely bullish' levels at the time of listing amid a massive 26,150% surge in message volumes over the past month. One user said, "$SPCX The 'Forced' Buying begins. Puts will go to ZERO." View this Stocktwits post Another user said, "$SPCX only about 10% of the inclusion has actually happened. The largest bulk will occur tomorrow around 3 PM." View this Stocktwits post For updates and corrections, email newsroom[at]stocktwits[dot]com.<
OpenAI Reportedly Floats Giving 5% Stake To Government Amid IPO Race With Anthropic
Last month, President Donald Trump said he was weighing options to give Americans an ownership stake in leading AI firms. * OpenAI CEO Sam Altman and company executives reportedly suggested that major U.S. AI firms set aside 5% of their equity for a government vehicle, according to the Financial Times. * Donald Trump's second term has been marked by greater government involvement in businesses; The U.S. acquired a 10% stake in Intel last year. * Recent reports said OpenAI is pushing its IPO to next year. OpenAI has discussed giving the U.S. government a 5% stake, the Financial Times reported on Thursday, a crucial development that comes amid the growing scrutiny of AI for national security risks and major firms heading for public listings. Add Asianet Newsable as a Preferred Source Under the proposal, OpenAI has suggested that other U.S. AI companies also hand the government similar stakes, the report said, adding it was unclear whether the other companies would agree. Last month, President Donald Trump said his administration was considering ways to give the public an ownership stake in leading AI companies, addressing concerns that ordinary Americans may not benefit from the industry's expected profits. Similar calls have been made by lawmakers in South Korea, where chipmaker SK Hynix and Samsung are minting profits and fueling the stock market. OpenAI Suggests All AI Companies Hand Over 5% Stake According to the FT, OpenAI CEO Sam Altman and company executives suggested that major U.S. AI firms set aside 5% of their equity for a vehicle similar to the Alaska Permanent Fund, a state-backed fund financed by oil revenues that pays annual dividends to Alaskans. Altman discussed the stake sale with Trump, Commerce Secretary Howard Lutnick, Treasury Secretary Scott Bessent and Democratic Senator Bernie Sanders, the FT report said. Trump's direct involvement with businesses has been one of the standouts of his second term. Last year, the U.S. government picked up a 10% stake in Intel and Trump has routinely argued that his involvement helped Intel's stock surge multifold and revive its foundry business. He is also known to have been involved in the months leading up to Paramount clinching the Warner Bros. deal from Netflix. The stake talks come close amid ongoing scrutiny of Anthropic's new Mythos AI technology. The government first placed and later removed export controls on Anthropic's Fable 5 AI model, a derivative of Mythos, on concerns that it could be used for harmful purposes by malicious actors. OpenAI IPO Watch, Retail View OpenAI's discussion comes as the AI startup has reportedly pushed its IPO to next year, although that has not been confirmed by the company so far. The delay comes as OpenAI has trailed behind Anthropic, which appears to be on track for an IPO by the fourth quarter of this year. Retail investors are closely eyeing developments for both companies and are picking exposure to them through market-traded funds such as KraneShares Public-Private AI & Technology ETF (AGIX), Fundrise Innovation Fund (VCX), Destiny Tech100 (DXYZ), and those run by ARK Investment Management. On Stocktwits, the retail sentiment was 'bearish' for both Anthropic and OpenAI late Monday. For updates and corrections, email newsroom[at]stocktwits[dot]com.<
QCOM Stock Slips Toward Fourth Straight Loss After Elon Musk Dismisses Reports Of SpaceX AI Phone Using Qualcomm Chips
Elon Musk has denied a Wall Street Journal report that SpaceX showcased a prototype handset-like artificial intelligence device to investors that would use Qualcomm's (QCOM) Snapdragon processor. * Musk took to his social media platform X to shoot down the report, using the phrase "utterly false" to counter the publication's claims, without providing further details. * The Wall Street Journal reported that SpaceX had pitched a mobile device running on a custom operating system from Musk's xAI division. * The report also stated the handset would use Qualcomm's Snapdragon processor. Tech billionaire Elon Musk on Wednesday publicly rejected a Wall Street Journal report claiming that SpaceX recently demonstrated a prototype for a new, handset-like artificial intelligence device to investors, labeling the publication's exclusive story as "utterly false." Add Asianet Newsable as a Preferred Source The device, according to WSJ, would be using Qualcomm's (QCOM) snapdragon processor. QCOM stock dropped and was on track to end its fourth session lower after Elon Musk squashed the report on social media platform X, formerly Twitter, calling it false. QCOM stock reversed early gained to fall 0.5%, while SpaceX (SPCX) shares fell 7.3% on Wednesday at the time of writing. What The Report Said On XAI's Smartphone Plans The private aerospace giant had actively pitched a concept for a handset-like AI gadget during private investor meetings ahead of a future initial public offering, the WSJ report stated, citing people familiar with the matter. The hardware was described as a consumer technology play, featuring a frame sleeker and thinner than an Apple iPhone. According to the Journal, the conceptual device was designed to run on a proprietary operating system built to deeply integrate cutting-edge AI software from xAI, the artificial intelligence division that SpaceX absorbed earlier this year. The publication also said that the tech would be powered under the hood by Qualcomm Snapdragon chipsets, a detail that initially triggered a brief rally in Qualcomm shares before the broader markets parsed Musk's rebuttal. However, sources cited in the original Wall Street Journal article noted that SpaceX had explicitly communicated to investors that the venture remained in its infancy. The project was described as highly experimental, with an evolving design and no certainty that the physical gadget would ever be mass-manufactured or reach the commercial market. QCOM, SPCX Stock: Retail View Retail sentiment on Stocktwits for QCOM was 'extremely bullish' with 'high' message volumes and was 'bearish' for SPCX with 'low' message volumes. One user highlighted that if the news was true, it would place SpaceX into a broader ecosystem. View this Stocktwits post QCOM stock rose 5.3% and SPCX has gained 5% year-to-date. For updates and corrections, email newsroom[at]stocktwits[dot]com.<
Alex Karp Touts Palantir-Nvidia Partnership For Secure AI, Criticizes OpenAI And Anthropic Over Lack Of IP Protection
During an interview with CNBC, Karp argued that the frontier AI model developers OpenAI and Anthropic reportedly lack measures to protect their clients' intellectual property. * Karp touted Palantir's offerings for warfighters and U.S. allies around the world, stating that the company believes these clients should get access to the best technology currently available. * He said that warfighters have serious trust issues with the frontier labs, adding that he is basing these comments on what has already been reported. * Karp added that his alignment with Nvidia is based on what Palantir's technical customers want: control over their compute, models, data stack, and their "alpha." Palantir Technologies Inc. (PLTR) CEO Alex Karp on Wednesday touted the company's latest partnership with Nvidia Corp. (NVDA) to deliver secure AI offerings to U.S. government agencies, enterprises, and allies worldwide. Add Asianet Newsable as a Preferred Source During an interview with CNBC, Karp argued that the frontier AI model developers OpenAI and Anthropic reportedly lack measures to protect their clients' intellectual property (IP). "The basic view of enterprises in this country... I'm going to basically chillax and waste my time with tokens, I'm going to get no value and they're going to get my IP," he said. Palantir shares were up more than 3% in Wednesday's pre-market trade, while Nvidia shares were down about 2%. Karp Touts PLTR's Offerings For Warfighters And Allies Karp also touted Palantir's offerings for warfighters and U.S. allies worldwide, stating that the company believes these clients should have access to the best technology currently available. He said that warfighters have serious trust issues with the frontier labs, adding that he is basing these comments on what has already been reported. "Then you have my enterprises in the private sector, who have the same issues like, 'why would they get access to my data if they're going to build my alpha? Why wouldn't I control the weights?' And that's where you get this partnership," Karp added. He added that his alignment with Nvidia is based on what Palantir's technical customers want: control over their compute, models, data stack, and their "alpha." "They want to know they own the means of production and it's not being transferred to someone else. They're not interested in some fake deploy code that somehow is deploying tokens that transfers the alpha to some third party. The jig is up," Karp said. Karp Says Trust Needs To Be Rebuilt Karp also added that trust needs to be rebuilt, while saying that Palantir now sells a product that allows its customers to switch between models. He said that questions about data ownership, caching, prompt security, and token use need to be answered. What PLTR Announced In Partnership With NVDA Palantir announced earlier this week that it is integrating Nvidia's Nemotron open AI models into its new intelligent engine to deliver mission-specific sovereign AI for U.S. government agencies and critical infrastructure operators. The company said the system enables organizations to deploy frontier-level AI in secure, air-gapped environments while keeping sensitive data off public networks. The new platform allows agencies to customize Nemotron models using their own data, retain ownership of the resulting model weights, and continuously improve performance through feedback within their own infrastructure. Palantir said its Sovereign AI Operating System, built on AIP, Foundry, Ontology and Apollo, provides the security, authorization and audit capabilities required for sensitive government deployments. According to the companies, combining Nvidia's open models with Palantir's software gives government agencies and enterprises greater transparency, customization, and cost efficiency than closed AI models do. PLTR stock is down 34% year-to-date, while NVDA stock is up 7% over the past 12 months. The Invesco QQQ Trust ETF (QQQ) is up 33% over the past 12 months, while the Vanguard S&P 500 ETF (VOO) is up 21%. For updates and corrections, email newsroom[at]stocktwits[dot]com.<
Anthropic Accuses Alibaba Of Illicit Access To Claude AI Models -- Notifies White House
U.S. artificial intelligence developer Anthropic has accused Chinese technology giant Alibaba of a coordinated, industrial-scale operation to bypass geo-restrictions and illicitly scrape data from its proprietary AI model, Claude. * Anthropic alleges that operators linked to Alibaba's Qwen AI lab utilized thousands of fake accounts to bypass safety barriers. * The systematic extraction utilized a process that enables foreign competitors to build rival software at a fraction of the market cost, which Anthropic warns risks creating copycat models. * The startup has officially detailed the breach to White House officials and U.S. senators, urging Washington to enact tighter regulatory safeguards. Claude maker Anthropic officially accused Chinese technology and e-commerce giant Alibaba Group Holding on Wednesday of executing a sweeping, highly coordinated operation to systematically siphon the core capabilities of its proprietary AI system. Add Asianet Newsable as a Preferred Source In a letter sent to U.S. senators and White House officials, the San Francisco-based developer detailed what it characterized as the largest known data-extraction campaign launched by a Chinese entity against its technology to date, Bloomberg exclusively reported. According to Anthropic, operators connected to Alibaba's specialized Qwen AI laboratory deployed thousands of fraudulent user accounts to evade restrictions and access its Claude chatbot models. The unauthorized campaign directly circumvents Anthropic's strict geographic distribution rules, which explicitly prohibit its software from being deployed or accessed inside of China. Alibaba (BABA) stock dropped nearly 3% on Wednesday. Anthropic's Allegations on Alibaba: Details Anthropic claimed Alibaba is using a method called "adversarial distillation." Through this mechanism, outside entities repeatedly prompt an advanced model to harvest its reasoning patterns and data structure. Competitors can subsequently use those responses to train their own internal AI software, bypassing millions of dollars in primary research and development costs. "These distillation attacks are carried out illicitly, systematically, and at an industrial scale to harvest US AI capabilities across frontier labs and repackage them as their own without incurring the training and R&D costs required to train US frontier models," Anthropic wrote in its letter, accessed by Bloomberg. Anthropic noted that when high-tier AI models are cloned through unauthorized distillation, the resulting software typically strips away the foundational guardrails and safety protocols engineered into the original U.S. platforms. Anthropic urged federal lawmakers to implement more stringent enforcement and defensive frameworks to prevent foreign tech labs from systematically stripping intellectual property from domestic AI research firms. BABA Stock: Retail View Retail sentiment on Stocktwits was 'bullish' with 'high' message volumes. "Nobody wants Chinese equities right now - and that's usually where the real opportunity starts forming," said one user. BABA stock has lost 32.4% year-to-date. For updates and corrections, email newsroom[at]stocktwits[dot]com.<
SPCX Stock Rises Premarket: SpaceX Short Bets Hit 40M, Coatue Holds Through Lockup As 'Rebalancing' Warning Looms
S3 said SPCX looks more like "normal price discovery" than a "classic short-squeeze candidate." * About 40 million SpaceX shares are sold short, representing 5% to 7% of its tradable float of 625 million shares, according to S3 Partners. * A Coatue investor told CNBC that the firm is holding its SpaceX stake through the six-month lockup, saying selling winners too early "rarely works." * Former SEC Chair Gary Gensler warned that SpaceX's IPO wave could face a "great rebalancing" as VCs cut risk after lockups expire. SpaceX shares rose 1% premarket on Wednesday, bucking concerns over rising short interest, lockup-related selling pressure, and a former SEC chair's warning that IPO excitement could give way to a "great rebalancing." Add Asianet Newsable as a Preferred Source SPCX stock fell as low as $147.11 early Tuesday, slipping below the $150 level from its first Nasdaq trading day after the June 11 IPO. The stock later recovered, ending Tuesday up about 1% at near $156. SPCX Short Bets Build, But No Squeeze Yet About 40 million SpaceX shares are currently sold short, representing roughly 5% to 7% of the company's publicly tradable float of about 625 million shares, according to S3 Partners. Borrow conditions also do not point to the squeeze pressure. More than 30 million SpaceX shares are available to borrow, while annualized borrowing fees are below 1%, S3 said, according to CNBC. "SPCX has attracted active short-selling interest, but the data suggest this is far from a supply-constrained short," said Matthew Unterman, head of research at S3. "The current setup looks more like normal price discovery than a classic short-squeeze candidate." Coatue Says It's Holding SPCX Coatue investor said in a CNBC interview that the firm is not rushing to cash out. When asked whether Coatue would keep or sell its SpaceX shares, he said, "I'm going to keep them," noting that the shares must be held for six months after receipt. After the lockup, he said the decision becomes "more of a portfolio decision," based on how large SpaceX becomes relative to the rest of the firm's holdings. "We own a significant amount of SpaceX," he said, while adding that some of his biggest mistakes came from "optimizing for the short run." He pointed to Nvidia as a lesson, calling his decision to sell "one of the bigger mistakes" he had made. "Sometimes you're like, 'Oh, maybe I'm so clever. I can sell out of this and buy that.' It rarely works," he said. Former SEC Flags 'Great Rebalancing' Risk Former SEC Chair Gary Gensler offered a more cautious view, saying that the wave of mega IPOs, including SpaceX, could be a "tell" about where the market cycle stands. He said that markets are funding a major AI infrastructure boom, but warned that some valuations are running at "100, 140 times revenues without earnings," according to Bloomberg. Gensler said it is possible that the market looks back in six months and finds the IPO wave was "fine." However, he also warned there is an "equal and better chance" that venture capitalists and sovereign wealth funds begin selling as lockups expire. "I call it the great rebalancing," Gensler said. "All those venture capitalists and sovereign wealth funds, they're going to want to take risk off the page." He said tha investors could move to reduce "a third, a half, maybe three quarters" of their exposure, creating "a lot of selling pressure" as shares become available. How Do Retail Traders Feel About SPCX? On Stocktwits, retail sentiment for SPCX was 'bearish' amid a 35% decline in 24-hour message volumes. One user said, "$SPCX look there is a bull and bear argument here. But im a buy and hold forever with this stock... I'm betting on ten years. While i would love to see a dip to buy more I just don't see a dip below 100...if I do, i will triple down. I only have 200 shares now but this stock is epic in my humble opinion..." View this Stocktwits post Another user said, $SPCX All IPO investors in the open market are underwater. In a shady overpriced overall market that will probably keep pressure on the stonk. Underwriters could have very well shorted the $229 pump on the 2030 1 Trillion Revenue tweet. If so they will ride it down. No fun being a debbie downer but it is an insiders game." View this Stocktwits post For updates and corrections, email newsroom[at]stocktwits[dot]com.<
