U.S. markets lost roughly $1.8 trillion in value within two hours as stocks, precious metals, and cryptocurrencies sold off sharply following shifting expectations surrounding a potential U.S.-Iran agreement.
Several major U.S. university endowments are poised to generate massive gains from their early SpaceX investments as the company approaches its highly anticipated IPO.
Ontario Teachers’ Pension Plan’s $300 million investment in SpaceX has grown to nearly $12 billion based on the company’s expected IPO valuation, representing one of the fund’s most successful investments ever.
Michael Burry criticized the financing structure behind Nvidia GPU purchases used by xAI, arguing that complex off-balance-sheet arrangements obscure risk while shifting exposure to investors through private credit markets.
Nvidia CEO Jensen Huang described the recent technology selloff as a buying opportunity, arguing that AI-related stocks remain attractively valued as the global AI infrastructure buildout is still in its early stages.
Anthropic is urging policymakers and AI labs to carefully evaluate the risks of increasingly autonomous AI systems as Claude reaches human-level coding performance and begins handling most of the company’s production code.
Some market analysts warn that SpaceX’s upcoming IPO could become one of the largest insider liquidity events ever, as early investors gain access to trillions of dollars in previously locked-up equity.
The cryptocurrency market lost roughly $200 billion in value over 24 hours as Bitcoin fell below $62,000, triggering the largest wave of leveraged liquidations since January.
Hyperliquid is benefiting from growing demand for perpetual futures tied to assets beyond crypto, as traders increasingly seek 24/7 access to markets ranging from oil to pre-IPO companies.
SpaceX is reportedly targeting a $1.75 trillion valuation for its upcoming IPO, with the company expected to begin its investor roadshow on June 4 ahead of a planned Nasdaq debut on June 12.
Victoria’s Secret shares soared nearly 40% after the company reported quarterly results that exceeded Wall Street expectations, triggering one of the stock’s strongest rallies in years.
Investors now view Nvidia as a safer borrower than the U.S. government, with the company’s five-year credit default swap trading below U.S. sovereign CDS levels.
U.S. regulators are eliminating the long-standing Pattern Day Trader rule, removing the $25,000 minimum account requirement for frequent stock traders and reshaping retail market access.
