SpaceX creates new billionaires after Elon Musk tops $1 trillion

Luca Guadagnino's film about OpenAI CEO Sam Altman, Artificial, has reportedly been dropped by Amazon MGM. The film, which stars Andrew Garfield and covers the rollercoaster five days in 2023 spanning Altman's termination and reinstatement as CEO, had been in the works for about a year. The cast also includes A Complete Unknown actress Monica Barbaro as OpenAI CTO Mira Murati, Ike Barinholtz as Elon Musk, and Anora's Yura Borisov as OpenAI chief scientist Ilya Sutskever. In a statement to Deadline, the studio said it believes the movie "will be better served if it were released by a different studio and is working closely with the filmmak … Read the full story at The Verge.

Guardian readers in the US share concerns about how the SpaceX IPO and AI boom affect their retirement accounts Elon Musk became the world’s first trillionaire last week after SpaceX debuted on the stock market with a valuation of $1.77tn. Millions of Americans could soon become indirect investors in SpaceX and other emerging AI-focused companies as US markets increasingly shift toward AI-driven investments. Continue reading...

MEXC, a pioneer in 0-fee digital asset trading, reported that daily trading volume for SPCX futures peaked at over 800 million USDT. Following SpaceX’s IPO, SPCX futures trading has continued to surge, with average daily trading volume in the three days post-IPO growing nearly 7 times compared to pre-IPO levels.

The race to build data centers in space is gaining momentum as AI drives unprecedented demand for computing power. Orbital facilities could tap into abundant solar energy and avoid many of the environmental challenges faced on Earth. Yet space remains a harsh and expensive place to operate, with major hurdles including cooling, maintenance, radiation exposure, and orbital debris.

SpaceX's rapid market cap growth signals strong investor confidence, potentially influencing broader market dynamics and investment strategies. The post SpaceX stock surges 30% post-IPO, becomes sixth-largest US company by market cap appeared first on Crypto Briefing.

SpaceX's financial strategy intertwines high-stakes AI expansion with volatile crypto holdings, posing significant risk to bond investors. The post SpaceX plans $20B bond deal following record $75B IPO, reveals 18,712 Bitcoin on balance sheet appeared first on Crypto Briefing.

AI and rocket group is tapping debt markets after raising $86bn in stock market debut

The massive short position highlights skepticism about SpaceX's valuation, potentially increasing market volatility and testing crypto's role in IPOs. The post Trader VBVIT builds largest SpaceX short position at $29M appeared first on Crypto Briefing.