News & Updates
The latest news and updates from companies in the WLTH portfolio.
How Low Can SpaceX Stock Go?
Space Exploration Technologies (NASDAQ: SPCX) went public on June 12. Its stock promptly soared to a peak of $225, giving the company a whopping $2.9 trillion market capitalization, but it has since plummeted by 35% to close at $145 on Friday, July 10. SpaceX has a unique business that spans space transportation, satellite internet connectivity, and artificial intelligence (AI) infrastructure, and its revenue is forecast to grow rapidly over the next couple of years. However, its stock remains extremely expensive even after its recent decline, which could open the door to more losses for investors. 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 " How low can SpaceX stock go? SpaceX has a significant opportunity ahead Before we dive into SpaceX's hefty valuation and the math behind a potential decline in its stock, let's examine the company's business, which does have significant growth potential. It's divided into three core segments: SpaceX already accounts for over 80% of the world's mass to orbit, so it's launching more commercial payloads than any other company or organization on the planet. Its market share will only grow once its Starship rocket enters regular service, because its 100-ton payload capacity is four times that of the Falcon 9 rocket, which completes most trips today. The connectivity business is also set to receive a massive boost, as SpaceX will start launching its V3 satellites later this year, which offer a whopping 10 times the bandwidth of the current V2 satellites. Moreover, Starship will launch 60 V3 satellites into orbit per trip, whereas Falcon 9 is only capable of sending 27 at a time. Moving on to the AI segment, most of its revenue comes from Grok subscriptions and renting data center capacity to other companies. When SpaceX bought xAI, it took ownership of data centers like Colossus and Colossus II, which are fitted with hundreds of thousands of specialized AI chips from suppliers like Nvidia and Advanced Micro Devices.
History Says It's Time to Buy SpaceX Stock Before It's Too Late
After an incredible post-IPO performance, Space Exploration Technologies (NASDAQ: SPCX) stock has gradually returned to earth. SpaceX officially priced its June 12 IPO at $135 per share and opened at $150 per share. Shares reached their all-time high of $225.64 three days later. After a steep correction, the stock is now hovering around $145. Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue " The space stock is now priced just 7% above its original IPO price, and under the price at which it began trading. Newly published historical data, however, suggest there is more upside to come. History says SpaceX stock is a buy at $145 per share Jay Ritter of the Warrington College of Business at the University of Florida has been tracking the performance of IPO stocks for years. On July 7, Ritter released a new report with fully updated statistics. Diving into the data paints an optimistic picture for SpaceX stock today. From 1980 to 2024, Ritter documented 9,253 IPOs. Over that time, the average IPO stock returned 19.1% over a three-year period. The data is already looking good for SpaceX stock. While history doesn't suggest huge returns for the stock over the next three years, the returns are nonetheless expected to be positive. Breaking down the data even further improves SpaceX's prospects. When including only IPO stocks with trailing annual sales of at least $500 million -- a refinement that narrows the universe down to just 1,500 stocks -- the average three-year return improves to 31.8%. When including only IPO stocks with trailing sales of at least $1 billion, the prospects improve even further. These stocks -- which total 866 in all -- average 32.4% returns over their first three years of trading. To be clear, there's no telling exactly where SpaceX stock will head from here. Even if shares have plenty of upside at today's prices relative to historical IPO performances, there is a wide range of outcomes for any one stock. And there are plenty of reasons to believe SpaceX stock is overvalued, even following the correction. Before the June 12 IPO, analysts at the research firm Morningstar valued SpaceX at $63, representing a 53% discount to its IPO price. "Only the most optimistic Moonshot scenario, which requires a rapidly reusable Starship and commercially competitive orbital data centers, approaches the IPO price. The IPO price implies the Moonshot scenario is highly likely, but we think the outlook is very uncertain."
Elon Musk Admits He Was 'Clearly Wrong' About Anthropic -- and Promises Not to Weaponize SpaceXAI's Compute Access Against the Claude Maker: 'Not My Style'
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Elon Musk publicly reversed his earlier view of Anthropic on Thursday, saying he was "clearly wrong" to doubt the AI company and pledging not to use SpaceXAI's compute leverage to harm a competitor. Musk Calls Anthropic Current AI Leader "I was clearly wrong about Anthropic," Musk wrote on X. "They are obviously currently the leader in AI. No company has released a model as good as Mythos/Fable and they will undoubtedly have Mythos 2 ready soon." TechCrunch reported that Musk was referring to his September 2025 post that said, "winning was never in the set of possible outcomes for Anthropic." I was clearly wrong about Anthropic. They are obviously currently the leader in AI. No company has released a model as good as Mythos/Fable and they will undoubtedly have Mythos 2 ready soon. And I would never cut them off in a way that hurt them badly, even as a competitor.... -- Elon Musk (@elonmusk) July 9, 2026 Musk added that he would not cut off Anthropic's access in a damaging way, even though Anthropic competes with his own AI business. "I would never cut them off in a way that hurt them badly, even as a competitor. That's not my style," he wrote. He cited Tesla's patent pledge, its decision to open the Supercharger network to rivals, SpaceX's pricing for competing satellite launches and X's tolerance for criticism as examples of what he called fair competition. "Even my worst enemies can attack me on this platform," Musk wrote. Anthropic Depends On SpaceXAI Compute Deal The exchange followed a claim on X that SpaceXAI now runs a frontier model competitive with Anthropic's Opus 4.8 while Anthropic depends on short-term compute leased from SpaceXAI. Anthropic signed a May deal for 300 megawatts of compute from xAI's Colossus 1 data center near Memphis, Tennessee, paying $1.25 billion a month through May 2029. SpaceXAI said in May that the partnership gives Anthropic access to Colossus 1, which includes more than 220,000 Nvidia GPUs and is designed for AI training, fine-tuning, inference and high-performance computing. SpaceXAI also said Anthropic plans to use the compute to improve capacity for Claude Pro and Claude Max subscribers.
This Vanguard ETF Would Have Quadrupled Your Money Over the Last Decade. History Says Now Is a Smart Time to Invest. (It's Likely to Outperform SpaceX, Too.)
We're all looking for solid investments for our portfolios, right? It's easy to focus on big-name high-flying stocks, such as Nvidia or Micron Technology. But there's also some risk there, as many highfliers end up overvalued and poised to fall extra-hard in a market pullback. (And a market pullback is far from unlikely these days.) So permit me to suggest a terrific investment that you might not have taken seriously enough: a simple, low-fee S&P 500 index fund. A splendid example is the Vanguard S&P 500 ETF (NYSEMKT: VOO). It's an exchange-traded fund (ETF) -- a fund that trades like a stock. 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 " Meet the Vanguard S&P 500 ETF Like any good S&P 500 index fund, the Vanguard S&P 500 ETF features low fees. While some actively managed mutual funds might charge you 1% or more of your assets each year, this fund charges 0.03% -- or just $3 annually for every $10,000 you have invested in it. It tracks the S&P 500, of course -- an index of roughly 500 of the biggest stocks in America. Together, they make up about 80% of the value of the entire U.S. stock market, which is why the S&P 500 is often used as a proxy for the total U.S. stock market. Together, the index's recent top 10 components make up about 38% of the index's value by weight. Here they are as of July 9: Data source: Slickcharts.com, as of July 9, 2026. Like many indexes, the S&P 500 is market-cap-weighted, with bigger companies wielding more influence than smaller ones. The fund has a solid record. Check out its average annual return over the last three, five, and 10 years (as reported by Morningstar on July 9): * Last three years: 21.26% * Last five years: 13.11% * Last 10 years: 15.36% Over the last decade, these compounded annual returns would have quadrupled your money. Why invest in the Vanguard S&P 500 ETF? Here are several reasons to invest:
Could AI Pay Americans $1 Million Each? New Think Tank Forecast Sparks Jim Chanos' SpaceX Jab: 'Seems Reasonable'
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. The AI Futures Project, a non-profit initiative that forecasts the future of artificial intelligence, recently outlined a proposal for a citizen's dividend by the U.S. government following AI-induced unemployment. Citizen's Dividend to Provide $1 Million Per Person By 2035 In the AI 2040 Plan A, the non-profit says that by 2033, AI-induced unemployment would rise due to the advent of millions of AI agents boosting productivity. "Across a variety of companies, there are now 60 million AI agents running continuously at 20x human speed," the project said. The non-profit then mentions a plan that involves the American government distributing the "majority of compute and robot permit fees as a Citizen's Dividend... to all American adults." The plan mentions the dividend starting at $45,000 per person in 2032, but climbing to $1 million per person by 2035 and $10 million by 2040. The plan also predicts AI reaching a labor share of 85% by 2035. The initiative also predicts the U.S. government "distributing an average of $1,200 per person per year to the rest of the world's adult population" of around 4 billion people. The plan excludes China because it would be "experiencing a similar AI wealth boom." The plan says it will reach $10k by 2035. Earlier, OpenAI was reportedly offering the President Donald Trump administration a 5% stake in the company amid CEO Sam Altman's past proposal for a universal basic capital model that involved distributing a small share of AI-generated wealth. Jim Chanos Weighs In Taking to the social media platform X on Thursday, short-seller James Chanos weighed in on the predictions. "At about the same time $SPCX's valuation exceeds global GDP. Seems reasonable," he said, pointing to Space Exploration Technologies Corp.. At about the same time $SPCX's valuation exceeds global GDP. Seems reasonable. https://t.co/cdQb9SpHfR -- James Chanos (@RealJimChanos) July 9, 2026 Trending: Avoid the #1 Investing Mistake: How Your 'Safe' Holdings Could Be Costing You Big Time SpaceX to Be Worth More Than Earth The comments come as SpaceX CEO Elon Musk had said that the company would be worth more than the entire planet in the future. "You don't seem to understand that SpaceX will be worth more than the rest of Earth if we accomplish our goals," Musk had said.
Palantir CEO has a blunt verdict on OpenAI and Anthropic
Palantir posted the highest revenue growth rate in its history in the first quarter of fiscal year 2026. U.S. commercial revenue jumped 133%. The company raised its full-year guidance by 10 points. By any operational measure, things are going well. And yet Alex Karp walked onto CNBC's Squawk Box and started criticizing the entire foundation of the AI business model. He wasn't talking about Palantir's competitors in the traditional sense. He was talking about the companies whose technology his own platform runs on top of. "I'm not throwing shade at them," he told viewers, "but something has gone completely wrong." What Karp said about OpenAI and Anthropic on live television The problem, in Karp's telling, is tokens. The way OpenAI and Anthropic sell AI access, metered by token consumption, has created a dynamic he says enterprises are increasingly fed up with. "The basic view among enterprises in this country is I'm going to chillax and waste my time with tokens, I'm gonna get no value, and they're gonna get my IP," Karp told CNBC. When co-anchor Andrew Ross Sorkin said "that sounds like shade," Karp pushed back: "No, no. This is reporting." He said customers are shifting away from what he called "tokenmaxxing" toward open-weight models that deliver similar output at a fraction of the cost. The ROI conversation is changing. Enterprises are asking harder questions about what they are actually getting for what they are spending, and a lot of them are not liking the answer. Palantir's stock rose 8% that day. Before the interview, the company had published a 9-point "AI sovereignty" manifesto on X, setting the philosophical stage for what Karp was about to say publicly. Why Karp says data ownership is the real AI fight The deeper argument Karp made was about control. Enterprises and governments, he said, want to own their compute, their models, their data stack, and their alpha. The word he kept coming back to was ownership. "They want to know they own the means of production. It's not being transferred to someone else." That framing extended into territory that goes well beyond enterprise software. Karp said it would be "insane" to hand battlefield or government applications entirely over to AI labs, effectively outsourcing sensitive decisions to a small group of Silicon Valley companies operating by consensus.
J.P. Morgan Called a Potential Elon Musk SpaceX-Tesla Merger "Strategically Coherent"
Now that Elon Musk's rocket and satellite company Space Exploration Technologies (NASDAQ: SPCX) trades publicly, Wall Street has started hunting for the next best thing: stocks that can ride its coattails. The most eye-catching call came from J.P. Morgan, whose analysts described a possible combination of SpaceX and Tesla (NASDAQ: TSLA) as "strategically coherent on paper." That single phrase has revived a long-running fantasy among investors, and it's worth understanding what the analyst company actually means before treating any of these names as a back door into SpaceX. Why J.P. Morgan sees logic in a Tesla-SpaceX tie-up J.P. Morgan's argument is that Musk's companies already share engineering talent, an artificial intelligence ambition, and a common leader, so uniting them could let him run one integrated vision across cars, robots, energy, and space. The analysts also noted that SpaceX's blockbuster public debut gives Musk valuable stock to make a deal, and that his growing voting control at Tesla makes him better positioned to push one through. 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 " J.P. Morgan was careful, though, and so am I. It flagged real obstacles: securing regulatory approvals across many countries, especially China, where Tesla builds cars; the awkward gap between Musk's near-total control of SpaceX and his smaller stake in Tesla; and the likelihood that any deal would look like SpaceX swallowing Tesla rather than a merger of equals. "Coherent on paper" is a long way from "likely to happen." The other SpaceX-by-association plays Tesla isn't the only name catching the halo. Deutsche Bank started coverage of EchoStar (NASDAQ: ECHO) with a buy rating, framing it as a cheaper way to own SpaceX. EchoStar holds roughly $11 billion of SpaceX shares it received for handing over wireless spectrum, so the bank argues you're effectively buying SpaceX at a discount and getting EchoStar's other assets thrown in. The catch is serious: EchoStar's pay-TV subsidiary recently filed for bankruptcy, and the stock has tumbled. Then there's Charter Communications (NASDAQ: CHTR), which, according to Bloomberg, has held talks with SpaceX about a consumer mobile phone service that would route some traffic through Charter's network. It's a genuine strategic fit, but it's only talk for now.
SpaceX Went Nowhere for a Month, but It Easily Beat Other Space Stocks
* SpaceX (SPCX) trades near its $150 opening price, but a flat price performance is a relative win when the broader space sector is down sharply. * Virgin Galactic (SPCE) crashed 45% and Rocket Lab (RKLB) fell 22% over the past month as sector rotation hammered speculative space names hard. * SpaceX's $1.96 trillion market cap and Starlink's global reach anchor the bull case, but its surrendered IPO pop and rich valuation are real risks. * Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks -- and Rocket Lab didn't make the cut. Grab the names FREE today. Shares of SpaceX (NASDAQ:SPCX) are trading at $148 and change on Friday afternoon, essentially back where they opened one month ago. That flat tape looks dull on the surface, but against the rest of the space sector, it's the best performance in the group. SpaceX priced its debut at $135 but commenced trading at $150 on June 12, and has since round-tripped to basically the same price. That's disappointing, no doubt, but SpaceX's peers fared worse over the past month. The market cap of Elon Musk's space company sits at $1.96 trillion, making SpaceX one of the largest listings ever and by far the biggest name in the sector. That scarcity value may have helped to shield SPCX stock from the broader sector rotation. Peers Sold Off, SpaceX Held the Line It's been a challenging month for the space sector overall. Speculative, high-beta space names have been hit with profit-taking and cooling risk appetite over the past four weeks, though SpaceX evidently refused to participate on the downside. Over the trailing month, Virgin Galactic (NYSE:SPCE) is down 45%, Intuitive Machines (NASDAQ:LUNR) is down 40%, and Rocket Lab (NASDAQ:RKLB) is down 22%. AST SpaceMobile (NASDAQ:ASTS) is down 16%, and Planet Labs (NYSE:PL) is down 15%. Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks -- and Rocket Lab didn't make the cut. Grab the names FREE today. The takeaway isn't that SpaceX rallied, since it actually popped and dropped. Being flat versus the opening price still counts as a win in this hard-hit sector. The Space Sector Proxy Confirms the Rotation The Procure Space ETF (NYSEARCA:UFO) is down 10% over the same month, though it did cushion the space sector group's drawdowns with satellite operators and aerospace specialists. The UFO ETF is a narrow, volatile thematic fund with concentration risk, though it's not leveraged. The fund's top holdings include Planet Labs at 6% and Rocket Lab at 5%, both of which weighed on the UFO ETF.
SpaceX vs. the Last 5 Biggest IPOs in History. How Did Those Stocks Perform a Year Later?
Two notable trends continue to bolster the capital markets landscape. Of course, investor appetite for businesses in artificial intelligence (AI) remains robust. The view is that this is a groundbreaking technology that will have a meaningful impact on the economy. 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 " Additionally, the market is captivated by anything Elon Musk is working on. His grand visions drive excitement. These factors created the perfect backdrop for the most anticipated initial public offering (IPO) ever. On June 12, Space Exploration Technologies (NASDAQ: SPCX) went public. It raised $86 billion, after underwriters exercised their greenshoe option. The company currently sports a massive $2 trillion market capitalization. And the stock has traded 13% up from its opening price (as of July 9). The hype is hard to overstate. But how will SpaceX's shares perform over the 12-month period following its IPO? Investors can try to glean insights by looking at the five largest previous deals. A wide range of industries The five largest IPOs prior to SpaceX are ranked by the amount of capital raised. The list includes Saudi Arabian Oil ($26 billion raised in 2019), Alibaba Group ($22 billion in 2014), SoftBank Corp. (not the investment holding company) ($21 billion in 2018), NTT DoCoMo ($18 billion in 1998), and Visa ($18 billion in 2008). Investors will notice that these deals come from different industries. Whether it's energy, technology, communication services, or financial services, no single sector dominates. Their subsequent 12-month performances are a mixed bag. Saudi Aramco shares were down by a single-digit percentage. Alibaba's stock price tanked 30%. SoftBank's shares were up about 10%. NTT Mobile soared 68%. And Visa's stock was essentially flat one year later. These figures are all over the place. It's telling that these companies were able to raise such massive amounts of capital. However, the timing of their IPOs, as well as their competitive positions, management teams, and financial performance, all weighed on their respective stocks' performances. Based on these volatile numbers, investors can't come to a definitive conclusion about where SpaceX shares will be trading 12 months after its IPO. It's really a toss-up at this point.
Elon Musk's SpaceX Just Joined the Nasdaq-100. Now What?
Space Exploration Technologies (NASDAQ: SPCX) entered the Nasdaq-100 index on July 7, and investors will hope it provides additional support for an already successful initial public offering (IPO). But what does the index inclusion really mean, and what can SpaceX investors expect in the future? Where next for SpaceX? The Nasdaq-100 index inclusion does matter. It triggers forced passive buying of the stock by funds (including exchange-traded funds, or ETFs) that track the Nasdaq-100 index. In addition, many actively managed funds may invest only in stocks listed in the Nasdaq-100 index, and others may require holdings in SpaceX stock to meet their fund's weighting requirements. All of this is likely to provide some support for the share price. 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 " While this will occur, investors also need to be mindful of periodic bouts of selling as SpaceX's lock-up expiry dates approach. Digging into the company's Securities and Exchange Commission (SEC) filings makes it clear that the potential for periodic supply hitting the market is real. For reference, around 639 million shares were sold at IPO, and SpaceX has 13.17 billion shares outstanding. Data source: Space Exploration Technologies SEC filings. As you can see, significantly more shares could come to market than were sold at IPO, and that could prove more impactful than the Nasdaq-100 listing. Should you buy stock in Space Exploration Technologies right now? Before you buy stock in Space Exploration Technologies, consider this:
Palantir CEO: "Something Has Gone Completely Wrong" With OpenAI and Anthropic
* Karp slammed OpenAI and Anthropic's token model as broken while PLTR posted 85% revenue growth and raised full-year guidance to 71%. * Palantir expanded its NVDA partnership for custom government AI models as enterprises like UBER push back on runaway token costs. * Despite explosive growth, PLTR trades at 91x forward earnings and is down 29% YTD, with Michael Burry holding puts on 5 million shares. * This lithium producer surpassed a $1B private valuation, joining some of America's most powerful startups. Now you can invest in EnergyX alongside global giants like General Motors, but only through July 16. (sponsor) Palantir CEO Alex Karp used a July 1 appearance on CNBC's Squawk Box to criticize the closed-model AI economy. He told viewers that when it comes to OpenAI and Anthropic, all is not well inside the AI boom. "I'm not throwing shade at them, but something has gone completely wrong." Shares of Palantir (NASDAQ:PLTR) rose 8% that day as Karp reframed the AI debate around token economics and data ownership. The Quote That Moved the Stock Karp's argument was that businesses are exhausted by paying for tokens. As he put it: "The basic view among enterprises in this country is I'm going to chillax and waste my time with tokens." According to CNBC's Samantha Subin, Karp took aim at the token model used by OpenAI and Anthropic as AI costs skyrocket. He further argued customers are shifting away from "tokenmaxxing" toward ROI and open-weight models that deliver similar work at a fraction of the cost. July 16 is the Final Day to Tap Into the Lithium Boom (sponsor) General Motors, POSCO, and 50,000+ everyday investors have already backed lithium producer EnergyX. Here's why you should do the same before their July 16 investment deadline: lithium prices are up 75% this year, with demand projected to grow a staggering 5X by 2040. With tech that can recover up to 3X more lithium than traditional methods, EnergyX is preparing to unlock up to 15M+ tons. Become a private-stage EnergyX investor before the July 16 deadline. Ahead of the interview, Palantir posted a 9-point "AI sovereignty" manifesto on X. Earlier that week, the company expanded its partnership with Nvidia (Nasdaq: NVDA) to build custom models for U.S. government agencies. Karp's framing of that alliance was revealing: "What aligns me with Nvidia, and I think is what the technical customers want, which is control over their compute, their models, their data stack and their alpha. They want to know they own the means of production. It's not being transferred to someone else."
Jim Cramer: "Anthropic Is the Winner Now" as Enterprises Move to Slash Tech Budgets in Half
* Cramer called Anthropic the enterprise AI profit winner as CRM sinks 37% and MU surges 233% on exploding memory demand. * Starbucks evaluating a 50% cut to its $400 million tech budget signals every SaaS incumbent faces imminent re-underwriting. * Chinese open-source AI models pose the biggest threat to Anthropic's pricing power if CFOs find cheaper tokens that clear their ROI bar. * Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks -- and Salesforce didn't make the cut. Grab the names FREE today. On CNBC's Squawk on the Street on July 9, 2026, Jim Cramer argued that the real profit engine of the enterprise AI wave sits at the model layer, which is collecting the checks hyperscalers are writing. "Anthropic is the one that's actually making a lot of money doing some work on Salesforce," Cramer said, going on to call the company "the winner now" even as he added, "I don't like them. They're bullies. Anthropic. They're doing very well." Cramer paired the Anthropic call with a warning that enterprise software budgets are about to get squeezed. He cited Starbucks, which under CEO Brian Niccol is spending roughly $400 million on tech and evaluating cuts of up to 50%. If large customers like Starbucks are willing to review major tech spending and consider deep cuts, SaaS incumbents may face the tougher question of whether AI agents will generate enough new revenue before they start replacing old software seats. The Three AI Spending Buckets: Cybersecurity, Memory, and Tokens Cramer leaned on a framework he attributed to Key analyst Jack Snader: enterprises are funneling AI dollars into three categories, in order: cybersecurity, memory hardware, and tokens. "They're calling in George Kurtz," (CrowdStrike's CEO) Cramer said of the first wave. "Cyber... cybersecurity. And then next is actually hardware. And that's why we see Micron go up." He also flagged that Anthropic salespeople have been told to throttle back due to token constraints, a demand signal that speaks louder than any guide-up. Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks -- and Salesforce didn't make the cut. Grab the names FREE today. Salesforce Is Caught in the Budget-Cut Crosshairs Salesforce (NYSE:CRM) sits directly in the crosshairs of the Starbucks-style budget review. Marc Benioff's defense is Agentforce, which he described as "the biggest growth opportunity for our customers, and for Salesforce." The numbers back the pivot: Agentforce ARR hit $1.2 billion in Q1 FY27, up 205% YoY, with combined Agentforce and Data 360 ARR of roughly $3.4 billion. The stock tells the other side of the story CRM shares are down 36.79% year-to-date and 38.60% over one year, trading around $162. Investors are asking whether agents will replace seats faster than Salesforce can monetize them.
Trump Praises SpaceX President Gwynne Shotwell's 'Extreme Generosity' After Her $325 Million Trump Accounts Stock Donation
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. President Donald Trump expressed his gratitude to Space Exploration Technologies Corp. President Gwynne Shotwell and her husband, Robert Shotwell, for their donation of SpaceX stock to help children achieve the American Dream through the Trump Accounts. Late Wednesday, Trump took to Truth Social to acknowledge the Shotwells' $325 million contribution of SpaceX stock. He praised the couple's "extreme generosity" and highlighted the positive impact their donation will have on thousands of children. Trump Accounts Gain Support The President's post came in response to Shotwell's announcement that she and her husband would donate SpaceX shares to "Trump Accounts" for more than 2 million American children. The gift is intended for children aged 11 to 17 from lower-income households, with a particular focus on those living near the Shotwells' central Texas home. The Shotwells' donation comes as part of the Invest America program, which aims to provide financial support to children in need. The funds are automatically invested in an S&P 500 index fund, and additional contributions can be made by families, employers, and other parties up to $5,000 annually. See Also: Avoid the #1 Investing Mistake: How Your 'Safe' Holdings Could Be Costing You Big Time Trump's recognition of the Shotwells' contribution comes after he expressed confidence that CEO Elon Musk might also donate SpaceX stock to the program. The president has expressed confidence in his relationship with Musk, despite past disagreements over electric vehicle mandates. The donation adds Gwynne Shotwell to a growing list of wealthy supporters of Trump Accounts. Michael and Susan Dell of Dell Technologies Inc. pledged $6.25 billion to provide $250 to 25 million children, while Ray Dalio and his wife Barbara committed at least $75 million for over 300,000 children in Connecticut. Ray Dalio has said the program can help teach young people about finance, investing and capitalism. According to Robinhood Markets Inc. CEO Vlad Tenev, the growth of Trump Accounts has outpaced that of many of America's most successful tech companies. As of June, nearly 6 million children had enrolled in the program.
Billionaires warned New York would scare off business. Anthropic and Airbnb just made their biggest bets on the city yet
Some billionaires have spent the past year warning that New York City's political climate could scare away companies, capital, and high earners. But two fast-growing brands are moving in despite the noise. Anthropic is leasing an entire 16-story office building at 330 Hudson Street in Manhattan, dramatically expanding Anthropic's New York footprint from a much smaller office (just around the corner, at 155 Sixth Avenue), and announcing the company is planning to double its workforce in the city. The Claude-maker, which had less than 500 employees in the city at the beginning of this year, expects to occupy all 16 floors of the building -- enough space for 1,700 desks -- and expects to have more than 1,000 employees by the end of the year. The company is currently hiring for roles in New York across research, engineering, policy, sales, and operations. "New York is one of the main hubs for how AI is being put to work, and Anthropic is in the middle of it as a technology partner to the financial institutions, media companies, and cultural organizations that help define the city," Anthropic chief commercial officer Paul Smith told the New York Post in a statement. "Doubling our team here and deepening our long-term commitment to the city will allow us to sit closer to that work, and to the people driving it forward." Simultaneously, Airbnb is making a major real estate bet on New York of its own. The company purchased 281 Park Avenue South, a six-story building in Gramercy, for $81.5 million, according to The Wall Street Journal. The building is expected to serve as a hub for Airbnb's New York-area workforce, which numbers more than 600 employees. "New York City has been part of our story since the earliest days of Airbnb," CEO Brian Chesky said in a statement to AM New York. "This building reflects our long-term commitment to the city and will be home to one of our largest employee hubs outside of San Francisco. We're excited to keep investing in the city and the people who make it extraordinary." Anthropic and Airbnb's moves defy Mamdani naysayers' predictions The moves fly completely in the face of narratives put forward proclaiming New York City is becoming inhospitable to business. Billionaire investor Bill Ackman warned last year that if Zohran Mamdani became mayor, "You're going to see the flight of businesses from New York." Citadel founder Ken Griffin has also urged New York business leaders to "fight for their city," warning that political choices could push talent elsewhere. Griffin himself has had a public feud with the mayor following a Tax Day video in which the young, self-described Democratic Socialist called out Griffin's penthouse apartment as the prime example of why the city would benefit from a pied-a-terre tax. Griffin's CCO at Citadel responded in a letter to investors that the company may decide to halt construction of a $6 billion building in midtown Manhattan -- something that has never actualized.
SpaceX Scored a New Street-High Price Target of $800. What Comes Next for SPCX Stock.
Raymond James analyst Brian Gesuale has set a new Street-high price target on SpaceX (SPCX) shares at $800 with a "Strong Buy" rating, representing a staggering 430% potential upside from current levels. Should SPCX reach that target, the company's market cap would balloon to roughly $10.5 trillion, making it larger than any publicly traded company currently in existence. More News from Barchart Gesuale frames SPCX as the defining industrial infrastructure company of the 21st century, comparing its potential to that of railroads, electric grids, and the internet in reshaping entire economic eras. That said, SpaceX stock is currently down more than 10% versus its year-to-date high. Why Raymond James Is Uber Bullish on SpaceX Stock Raymond James' price objective rests on extraordinarily aggressive revenue assumptions. These include SpaceX launching data centers into space and selling mass orbital computing power, and Starship scaling up to reduce the cost of moving mass into orbit by more than 99%, completely commoditizing space transport. All in all, Gesuale models SpaceX surpassing $5 trillion in annual sales within the next 10 years. Caution Is Warranted in Playing SPCX Shares Despite the bullish coverage, SPCX stock has so far moved in the opposite direction as the Nasdaq-100 ($IUXX) inclusion, which was expected to generate roughly $4.3 billion in passive inflows from index-tracking funds, failed to provide a sustained bid. Several structural factors also complicate the near-term outlook. SpaceX's public float remains about 5% of total shares outstanding, creating outsized volatility in both directions. Short sellers reportedly hold a third of all tradable shares, and the first major insider sell window opens after Q2 earnings next month -- when 20% of early-release-eligible shares become available for trading. Prediction markets assign only a 20% probability that SPCX will close above $210 by month-end, placing real money far below the median analyst target. How Wall Street Recommends Playing SpaceX In total, 29 Wall Street firms have initiated coverage on SpaceX shares so far, with the consensus rating set at "Strong Buy" tied to a mean price target of about $202.
EchoStar Offers 20% Discount to SpaceX Stake, Deutsche Bank Says
This article first appeared on GuruFocus. Analysts have identified EchoStar (NASDAQ:ECHO), the operator of Boost Mobile and satellite television provider Dish, as a potentially cheaper route for investors seeking exposure to SpaceX (NASDAQ:SPCX), the recently listed space technology company. Citi, a global financial-services firm, maintained its buy rating on EchoStar with a $126 price target, suggesting that the company could benefit from a higher SpaceX share price over the next year as well as continued efforts to reshape its own business. Citi analyst Michael Rollins noted that EchoStar may create additional value through spectrum monetization, possible sales of its video and other assets, and the after-tax value of its expected SpaceX investment. EchoStar sold some of its spectrum licenses to SpaceX in 2025 in exchange for shares and is expected to receive additional SpaceX stock when the agreement closes in the second half of 2027. EchoStar shares gained as much as 30% from the start of the year through the end of May, when SpaceX released its S-1 filing, but the stock has since moved in the opposite direction from SpaceX. Following SpaceX's record $86 billion public offering in June, EchoStar shares declined nearly 24%, while SpaceX remained about 13% above its IPO price. Deutsche Bank, a global investment bank, reinstated coverage of EchoStar with a buy rating and a $143 price target, with analyst Bryan Kraft estimating that the per-share value of EchoStar's SpaceX stake is approximately 20% above EchoStar's current stock price. Kraft suggested that investors may effectively be acquiring SpaceX exposure at a 20% discount while receiving EchoStar's remaining assets without additional implied cost. Analysts also see potential value in EchoStar's remaining spectrum holdings and businesses including Boost Mobile, Hughes and Sling TV. Additional upside could come from a narrowing net asset value discount, a resolution of tower litigation and progress through the Dish DBS bankruptcy. New Street Research, an investment research firm, estimated that EchoStar could still be worth $165 per share despite the Dish DBS bankruptcy filing earlier this month. With Wall Street's average SpaceX price target standing near $236 and implying more than 55% upside from its current trading level, investors may view EchoStar as a value-focused way to gain indirect exposure to SpaceX.
Elon Musk Says 'We're Gonna Need A Bigger Rocket' As SpaceX Asks FCC to Approve 100,000 Gen3 Starlink Satellites
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Elon Musk-led SpaceX has asked U.S. regulators for permission to launch and operate up to 100,000 satellites for a new third-generation Starlink system, a massive proposed expansion aimed at supporting faster broadband and growing artificial intelligence data needs. SpaceX Seeks Approval For Massive Gen3 Network The application to the Federal Communications Commission, which was filed on Monday, July 6, covers a "Gen3" version of Starlink that would operate in very low Earth orbit, below many current broadband satellites. The proposed satellites would fly in two stacked altitude bands, roughly 323 to 327.5 kilometers and 473 to 477.5 kilometers above Earth. SpaceX says the system would deliver extremely low-latency and multi-gigabit internet service for consumers, businesses, governments and billions of AI-powered devices. The company has argued that AI systems will require far more data capacity, especially for uploading information, making new spectrum and satellite-sharing frameworks necessary. The request is separate from SpaceX's earlier application to deploy up to 1 million satellites for orbital data centers, a proposal now under FCC review. That system would use satellites between 500 kilometers and 2,000 kilometers above Earth to provide computing power for advanced AI models. Musk Says Starship Will Be Essential Musk reacted to the filing on X on Tuesday, quoting a post by prominent Tesla investor Sawyer Merritt and stating, "We're gonna need a bigger rocket! (Starship)." We're gonna need a bigger rocket! (Starship) https://t.co/MLzBpDMxht -- Elon Musk (@elonmusk) July 7, 2026 Trending: Avoid the #1 Investing Mistake: How Your 'Safe' Holdings Could Be Costing You Big Time Starlink's first- and second-generation satellites have relied heavily on Falcon 9. Gen3 satellites are expected to be larger and more capable, making Starship central to deployment. Musk has said Starlink V3 satellites will have ">10X bandwidth" of V2 satellites and fly at about 350 kilometers, which he said would cut minimum latency by about half. SpaceX says Starship is designed to be fully reusable and carry more than 100 metric tons to orbit. The latest version stands about 408 feet, or 124 meters, taller than NASA's 111-meter Saturn V, though Starship remains in development.
Bank of America sets alarming SpaceX stock price target
SpaceX (SPCX) stock is trading near $153 on July 9. All the initial gains since its IPO have been wiped out, despite the stock's inclusion in the Nasdaq-100, and a slew of high price targets coming from big Wall Street banks. Goldman Sachs initiated the stock with a price target of $205. Morgan Stanley went even higher, setting a price target of $300. These banks were two leading underwriters for the IPO, so their having high price targets is not surprising. In a research note shared with me, Bank of America analyst Ronald J. Epstein and his team also presented a bullish price target of $235 on SpaceX stock. Bank of America was also one of the underwriters for the IPO, so again, it was not much of a surprise. However, what is alarming is the palpable difficulty a fairly large analyst team has had in coming up with a way to back that price target. Even more important is that, once risks to the price target are examined, the price target makes no sense and leaves a strong impression that it is nothing but peak AI bubble hype. Readers unaware that SpaceX is an artificial intelligence company first and foremost should read its S-1. It clearly states that the company estimates its total addressable market (TAM) at $28.5 trillion, of which $26.5 trillion, or 92.98%, is expected to come from AI. Bank of America believes that "launch leadership enables everything else" The team based the price target on average long-term discounted cash flows for their base, bull, and bear cases, across different revenue and cash-generation scenarios between now and 2045. A discounted cash flow model is usually conducted over a period of 5 to 10 years, according to Harvard Business School. Developing a model with a period of almost 20 years is something you come up with when you have trouble making a valuation. Price targets are generally given to be valid for the next 12 months, and even then, they are often tweaked when quarterly earnings are released or when something else changes the view of the stock. Analysts noted SpaceX's success in converting launch and manufacturing capabilities into a business called Starlink. It seems they believe this can be done again for AI. Epstein wrote: "The result is a powerful flywheel, where launch enables space applications, applications generate cash flow, and those cash flows support further infrastructure investment." Bank of America flags "investment negatives" for SpaceX
SpaceX Was Just Flooded With Buy Reports Across Wall Street. Do Analysts Know Something Retail Investors Don't?
This week, a wave of equity research reports from sell-side analysts was released on Space Exploration Technologies (NASDAQ: SPCX). The big takeaway is that Wall Street is overwhelmingly bullish on SpaceX stock. With so many banks publishing their first formal reports on SpaceX and coming to the same optimistic outlook, it begs the question: Does Wall Street know something retail investors don't? 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 " Why were so many reports for SpaceX stock published on the same day? When a company completes its initial public offering (IPO) and its shares begin trading, a quiet period begins. This window typically lasts between 25 and 40 days after the newly public company begins trading. During the quiet period, the investment banks that underwrote the IPO are prohibited from issuing forward-looking statements, promotional material, or equity research analysis. The rule exists to prevent the same institutions that helped price and sell the IPO stock in question from immediately hyping the deal or leaking material information that could influence market sentiment. Analysts working for the lead underwriters must remain silent because any positive research they publish too close to the offering could be viewed as an extension of the marketing effort rather than independent analysis. Once the quiet period ends, these banks are free to initiate coverage. In the case of SpaceX, this is exactly what just happened: A cluster of reports appeared on the same day because the calendar restriction had been lifted. What does Wall Street think of SpaceX stock? The table below summarizes the ratings and stock price targets analysts recently issued for SpaceX. Data Source: Yahoo! Finance Among the firms in the table, all gave Buy or Buy-equivalent ratings on SpaceX stock, except one. Unsurprisingly, longtime Tesla supporter and former Wedbush analyst Dan Ives is bullish on SpaceX. The price targets primarily range between $190 and $300, with notable outliers at Raymond James and MoffettNathanson.
Orbiting Capital: Lawmakers Buy SpaceX Ahead of Index Inclusion
The ink on the largest public offering in history barely had time to dry before Washington capital began to flow. When SpaceX (NASDAQ: SPCX) raised $75 billion in a June 12 market debut, the event redefined mega-cap listings. Priced at $135 per share, SpaceX immediately captured a $2 trillion valuation, fundamentally altering the landscape of the commercial space sector. Just days later, lawmakers assigned to the exact committees tasked with overseeing federal defense budgets and financial security initiated positions. The rapid accumulation of shares by politically connected insiders highlights a complex intersection between structural market mechanics, unprecedented valuations, and congressional oversight of prime defense contractors. With a mandatory liquidity injection imminent via a newly established Nasdaq-100 index rule, these early trades serve as a leading indicator for a highly volatile supply-demand imbalance. → 3 High-Yield Dividend Stocks With Real Capital Gains Potential in 2026 Capital Accumulation: Lawmakers Secure SpaceX Equity Federal disclosure filings confirm that lawmakers wasted little time securing equity in the newly public aerospace sector giant. On June 15, a dependent child of Representative Dan Meuser acquired a stake valued between $15,001 and $50,000. Three days later, Representative Gil Cisneros disclosed a purchase of up to $15,000. Prior to the public listing, Representative Lisa McClain maintained exposure through a $250,000 family investment in xAI, which was absorbed into the broader SpaceX corporate umbrella. → Flash Crash or Cash? The AI Hardware Reset Investors Can't Ignore While these transaction amounts are inconsequential relative to a multi-trillion-dollar market capitalization, the strategic placement of the buyers is highly relevant for institutional observers. Representative Cisneros serves on the House Armed Services Committee, a legislative body with direct jurisdiction over the Department of War. The Pentagon remains a primary customer for SpaceX, consistently awarding SpaceX multibillion-dollar contracts for satellite deployment and secure communications infrastructure. Simultaneously, Representative Meuser serves on the House Financial Services Committee, which oversees the Securities and Exchange Commission and the broader equities market.