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EXPLAINED: 4 | Vintage Vibes

Nasdaq fall as tech sell off resumes on Wall St

US stocks have closed lower as technology stocks resumed a sell-off after a short-lived bounce and Donald Trump said Iran had shot down a US Apache helicopter.

AAP

SpaceX unveils 11-million-square-foot Gigasat factory, a new manufacturing facility for space-based data centers — aims for 1 GW/year of space AI compute by late 2027 from its satellites

SpaceX's new Gigasat factory will mass-produce AI satellites for orbital data centers. Musk says the company is targeting 1 GW of space AI compute by 2027 and 100 GW per year by 2030.

Tom’s Hardware

Astronaut captures snake-like auroras from a SpaceX Dragon | Space photo of the day for June 9, 2026

NASA astronaut Jessica Meir captured a breathtaking view of auroras on Earth from orbit while sheltering with her fellow astronauts in a SpaceX Dragon spacecraft.

Space

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US stocks: US market rises as tech shares gain, Middle East tensions ease

Wall Street indexes opened higher on Tuesday, driven by a second consecutive day of gains for chipmakers. Easing Middle East tensions also contributed to positive market sentiment. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all saw increases at the opening bell.

The Economic Times

SpaceX Could Deliver an $11.6 Billion Windfall for 346,000 Teachers and Retirees — Worth $33,500 Each

The Ontario Teachers' Pension Plan's strategic investment in SpaceX could yield $11.6 billion, highlighting venture capital's role in emerging tech and the impact of Musk's IPO plans.

International Business Times UK

Starmer Blasts Elon Musk for 'Whipping Up Division' After Dying Teen Handcuffed and MP Targeted by Grok Rape AI

Keir Starmer has accused Elon Musk of 'interfering in our politics' over his posts about the killing of Henry Nowak, while backing a Labour MP's legal fight against Musk's Grok AI over alleged 'rape porn' images.

International Business Times UK

Mexican Immigrant Earned $28 an Hour at SpaceX — The IPO Could Make Him a Millionaire

SpaceX's historic $75 billion IPO on Nasdaq could transform the lives of its employees and propel Elon Musk towards becoming the world's first trillionaire.

International Business Times UK

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Anthropic and OpenAI Face a Six-Month Test — Perplexity CEO Says 'Then It's a Problem for Them'

Perplexity AI's CEO highlights the urgency for Anthropic and OpenAI to innovate in AI technology to maintain their £1.35 trillion valuations as they prepare for significant IPOs.

International Business Times UK

Fortune Gulf Brief: Gulf investments to see liftoff from SpaceX IPO

The windfalls Gulf sovereign wealth funds are poised to receive will offer a nicely timed boost to their balance sheets.

Fortune

SpaceX IPO: 5 Indian mutual funds that can offer exposure to space giant

SpaceX’s planned IPO and potential inclusion in the Nasdaq-100 have renewed investor interest in Indian mutual funds tracking the benchmark. Such funds could gain indirect exposure to the aerospace giant, although fresh investments in several schemes remain restricted due to overseas investment limits.

The Economic Times

Watch: Stunning Southern Lights timelapse captured from SpaceX Dragon

A stunning timelapse of the Southern Lights as seen from the SpaceX Dragon spacecraft has been shared by Nasa astronaut Jessica Meir,

The Independent UK

SpaceX, Anthropic, OpenAI can rewrite history for megacap IPOs

Investors face a key decision on when to buy shares in upcoming mega-tech IPOs like SpaceX, Anthropic, and OpenAI. Historical data shows tech IPOs often slump in their first year. However, these companies are exceptionally large and vital to the market. Experts suggest waiting to buy might be prudent, as…

The Economic Times

SpaceX IPO: How European retail investors can buy shares and the risks to be aware of

SpaceX is expected to make its stock market debut on Friday in what could become the largest IPO in history. Here's how retail investors in Europe can participate and the risks they should consider.

Euronews

Banks, Bharti, IT: Sandip Sabharwal's top picks & why he is worried about Zepto IPO

Market expert Sandip Sabharwal sees private banks like Axis and ICICI as top buys. He believes IT stocks are oversold with potential for 12-15% upside. Bharti Airtel is his sole pick in telecom. Sabharwal cautions against richly valued domestic companies, citing Zepto's IPO valuation as an example. Investors should focus…

The Economic Times

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International Business Times UK

Historic $1 Trillion IPO Bid Could Turn Into OpenAI Wall Street's Next AI Giant

OpenAI has filed for a US stock market debut, aiming for a trillion-dollar valuation. This move aligns with Anthropic's similar plans, highlighting intense investor interest in AI.

AAP

Aussie demand for SpaceX float overwhelms call centres

The lead Australian broker on the $2.5 trillion public launch of Elon Musk's SpaceX is experiencing "extremely high" call volumes as investors try to get in.

The Economic Times

SpaceX IPO: Great business, wrong price? Why Aswath Damodaran is skipping Musk’s mega offering

Despite the excitement surrounding SpaceX’s highly anticipated IPO, valuation expert and NYU professor Aswath Damodaran plans to stay away from the offering, citing concerns over its pricing. While he values the company at around $1.3 trillion after reviewing its prospectus, the IPO is expected to value SpaceX at roughly $1.8…

The Economic Times

Binance extends pre-IPO perpetual lineup to OpenAI after SpaceX success

Binance is democratizing pre-IPO price discovery with its new Pre-IPO Perpetual Contracts. These products allow eligible users to speculate on the expected valuations of private companies like SpaceX and OpenAI before their public listings, bridging the gap between institutional and retail investors.

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Euronews

ChatGPT maker OpenAI files for IPO, joining Anthropic and SpaceX in race to go public

OpenAI filed preliminary paperwork that would open the door to it becoming a publicly traded company, the third in a powerhouse trio of artificial intelligence companies racing to Wall Street debuts.

The Economic Times

AI coding startup Cursor, courted by SpaceX, picks London as European hub

Elon Musk's SpaceX, which is readying for a closely watched IPO this week, said in April ‌it had ⁠secured an ⁠option to either acquire code-generation startup Cursor for $60 billion later this year, or pay $10 billion for their new partnership, as it pushes deeper into the lucrative market for…

The Economic Times

Ahead of SpaceX IPO, Musk says AI satellites will use mostly existing technology

The ⁠billionaire said ⁠that much of the required technology already exists in its current Starlink satellite network. "Part of what we want to convey here is that there is not some magic that is necessary, that doesn't exist," Elon Musk said in a video discussion released by the company.

The Economic Times

MSCI confirms early index inclusion rules ahead of SpaceX IPO

MSCI will apply early inclusion rules for large IPOs, potentially adding SpaceX to its Global Standard Indexes. This move is expected to drive significant demand from passively managed funds tracking MSCI benchmarks. SpaceX's upcoming IPO, targeting a $1.75 trillion valuation, positions it for inclusion despite a recent net loss.

France 24

OpenAI confidentially files for US IPO as AI boom drives investor frenzy

ChatGPT maker OpenAI has confidentially filed for a US initial public offering, the company said on Monday, joining rivals such as Anthropic in a race towards public markets amid surging investor interest in artificial intelligence. The firm did not disclose terms or timing.

The Economic Times

OpenAI joins rival Anthropic in race to Wall Street

OpenAI did not disclose the size or terms of the offering, and said a timeline has not yet been determined. "It may be a while because there are things we want to do that are likely easier as a private company," it said in a statement. Reuters had reported that…

The Economic Times

OpenAI files for US IPO after Anthropic as AI giants head to public markets

AI giant OpenAI has confidentially filed for a US initial public offering. This move follows rival Anthropic's similar filing. Investors are keenly watching these developments for exposure to the booming artificial intelligence sector. OpenAI aims for a significant valuation, potentially setting a new benchmark for tech IPOs. The company is…

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