SpaceX faces lengthy wait for S&P 500 inclusion after rules change rejection

SpaceX's entry into AI infrastructure with Google deal diversifies its portfolio, potentially stabilizing future IPO prospects with steady revenue. The post SpaceX signs $30B deal to lease computing capacity to Google appeared first on Crypto Briefing.

Bybit launched IPO Express and introduced tokenized SpaceX exposure through xStocks with 1:1 equity backing.

Inclusion in the S&P 500 boosts Marvell and Flex's market visibility and investor demand, potentially inflating stock prices beyond fundamentals. The post Marvell Technology and Flex set to join S&P 500 in quarterly rebalance appeared first on Crypto Briefing.

Rising Treasury yields signal potential challenges for equities and crypto, as strong job data dampens hopes for Fed rate cuts. The post S&P 500 falls 3%, ending nine-week gain streak after strong jobs data appeared first on Crypto Briefing.

Expenditure is growing fast and consumer take-up accelerating. But alarm bells are sounding The race is very much on. Elon Musk’s SpaceX, which makes AI models as well as space rockets, announced last week it is seeking a $1.77tn (£1.31tn) valuation on the US stock market while Anthropic, the startup behind the Claude chatbot, said it had filed for an initial public offering. OpenAI, the developer of ChatGPT, is expected to follow. This latest peak in the AI market comes amid a multitrillion-dollar spending spree on related infrastructure such as datacentres. Meanwhile, companies are attempting to deploy the technology in a way that makes investing in it worthwhile. Here’s a look at what stage the AI boom is at and six key charts that tell us how we got here. Continue reading...

The unexpected job surge challenges market assumptions, potentially altering monetary policy expectations and impacting tech and crypto sectors. The post S&P 500 closes down 2.6%, NASDAQ 100 sinks 4.8% as hot jobs report spooks markets appeared first on Crypto Briefing.

SpaceX's AI compute deals with Google and Anthropic could significantly boost its revenue, enhancing its IPO prospects and market valuation. The post SpaceX signs $920M monthly AI compute deal with Google through 2029 appeared first on Crypto Briefing.

Bybit Launches IPO Express, Becoming One of First Centralized Crypto Exchanges to Offer Tokenized IPO Access, Starting With SpaceX