Goldman projects SpaceX AI revenue to hit $322B by 2030, boosting IPO valuation

The surge in global wealth highlights the growing influence of AI and presents untapped opportunities for digital assets in wealth management. The post Global high-net-worth wealth rises 9% to $98.3 trillion as AI rally mints 736,000 new US millionaires appeared first on Crypto Briefing.

SoftBank's AI-driven resurgence highlights the transformative potential of strategic tech investments, reshaping global economic power dynamics. The post SoftBank’s Masayoshi Son rebounds after AI-driven recovery appeared first on Crypto Briefing.

SpaceX's ambitious IPO could reshape market dynamics, but high valuation and profitability challenges pose significant risks for investors. The post SpaceX pitches investors $1.8T valuation for historic IPO appeared first on Crypto Briefing.

Bitcoin traded just above $63,000 on Thursday around 12 p.m. EDT, after shedding 17% over the past fortnight, as investors increasingly weigh the potential impact of a historic wave of artificial intelligence (AI) public offerings expected to hit markets over the coming months. 3 AI Mega-IPOs Could Redirect Billions At the center of the discussion […]

Anthropic's IPO highlights the escalating financial demands in AI, potentially reshaping investment strategies and market dynamics in the sector. The post Anthropic files for IPO, citing high AI model development costs appeared first on Crypto Briefing.

Investors will buy into the market-leading tech and cult of Musk despite a price that is defying gravity “Our mission,” says the opening sentence of SpaceX’s listing document with a straight face, “is to build the systems and technologies necessary to make life multi-planetary, to understand the true nature of the universe, and to extend the light of consciousness to the stars.” The last bit has an echo of the laughable WeWork, which was going to “elevate the world’s consciousness” via the medium of shared office spaces. But, yes, if SpaceX could tick off all the items on Elon Musk’s to-do list, one could make a case that the company should be valued at $1.77tn. Continue reading...

With Bitcoin falling hard this week and down nearly 50% from peak. Strategy's Michael Saylor is pointing the finger at the AI boom.

Elevated convertible bond issuance is, at heart, a response to the market being twitchier than usual