Goldman Sachs expects SpaceX’s AI revenue to increase 100-fold by 2030

Projections by Wall Street bank underpin the $1.78tn valuation group is pitching in IPO

SpaceX Gets a Terafab Tax Break.

Grimes County, Texas, awarded the company a property tax exemption for its planned $55 billion Terafab semiconductor plant. Local residents seem to feel the same way about the project as many do about data centers, and this tax break won’t help. As local landowner Rhonda Nesloney put it in court:

Trafigura warns oil at ‘inflection point’ as Iran war stokes bumper half-year profits

Commodity trader’s net profit more than doubles to $4.1bn for October to March period

Stocks drive record share of American wealth

An AI-driven rally is enriching Americans more than usual and exposing them to potentially painful losses from a reversal.

See inside the $5.99 million Brooklyn home whose owner is willing to trade for Anthropic stock

A Brooklyn home seller is seeking Anthropic shares or bitcoin for a $5.99M property, reflecting AI equity's rise in real estate transactions.

Americans lead AI data center backlash, global poll finds

US has lowest support among 15 large economies for infrastructure expansion

America’s ‘other’ economy tells a different growth story

Investors should pay attention to the struggles of the consumer packaged goods industry

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Indian stocks lose out to Asian rivals in global hunt for AI winners

Exchanges in Taiwan and South Korea have overtaken India’s in the past week as the two countries’ chipmakers surge

Global flight of the wealthy slows sharply as political and tax worries ease

UK had deep drop in rich people shifting jurisdiction after non-dom abolition played out

Elon Musk’s SpaceX pitches investors $1.78tn valuation in historic IPO

Rocket and AI group is seeking to raise up to $86bn in biggest Wall Street debut of all time

SpaceX is reportedly aiming to raise $75 billion in its IPO.

CNBC reports details from a new filing ahead of SpaceX’s IPO on June 12th and notes a mention that xAI, which merged with SpaceX earlier this year, bought $269 million worth of Tesla megapack batteries in April.