Ark Investment Management ’s Brett Winton said SpaceX could generate $300 billion in annual revenue by deploying tens of gigawatts of orbital data center capacity by the late 2020s at the current rental rates. Winton, Ark’s chief futurist, gave that assessment Thursday ahead of the pricing of SpaceX’s record initial public offering, spelling out the math that he sees behind the company that is now...
Ark Investment Management ’s Brett Winton said SpaceX could generate $300 billion in annual revenue by deploying tens of gigawatts of orbital data center capacity by the late 2020s at the current rental rates. Winton, Ark’s chief futurist, gave that assessment Thursday ahead of the pricing of SpaceX’s record initial public offering, spelling out the math that he sees behind the company that is now the largest position in Ark’s venture fund. SpaceX’s opportunities include a new booster rocket and its lucrative Starlink satellite internet business. “Starlink alone — it’s a six-month cash-on-cash return,” Winton said Thursday in a Bloomberg Television interview, because a SpaceX launch full of satellites costs about $500 million but will generate $1 billion annually across those units’ five-year lifespan. Switching from the current Falcon 9 rockets to SpaceX’s new Starship at the same launch cadence would generate nearly $200 billion in revenue within two years just from Starlink satellites, without requiring the 1,000 annual launches needed to meet Elon Musk’s ambitious target of 1 million tons of cargo in orbit within five years, Winton said. Ark has projected SpaceX could reach a $2.5 trillion enterprise value by 2030, though the company reported a $4.28 billion loss for the first quarter despite Starlink’s profitability. Winton said SpaceX’s AI operations don’t need to succeed for investors to achieve strong returns, though profitability depends on how much capital the company deploys toward terrestrial data centers to compete with frontier AI labs. Like other investors backing SpaceX in private markets, Winton said Musk may opt to fold in SpaceX and his publicly traded Tesla Inc. — a step that the billionaire took earlier this year when he combined SpaceX and xAI. “It’s a reasonable assumption — more likely than not” once the restrictions around the IPO are lifted, Winton said. “It makes a ton of strategic sense.” (This story was produced with the assistance of Bl...
Eli Lilly (NYSE: LLY) and Novo Nordisk (NYSE: NVO) reported Q1 2026 results that pulled the GLP-1 duopoly apart. Lilly grew revenue 55.5% and raised guidance. Novo posted a 4% adjusted sales decline at constant currency and is cutting 9,000 jobs. Both call obesity the prize, but their quarters tell very different stories about who ... Eli Lilly vs Novo Nordisk: The Battle for Obesity Drug Supremac...
Eli Lilly (NYSE: LLY) and Novo Nordisk (NYSE: NVO) reported Q1 2026 results that pulled the GLP-1 duopoly apart. Lilly grew revenue 55.5% and raised guidance. Novo posted a 4% adjusted sales decline at constant currency and is cutting 9,000 jobs. Both call obesity the prize, but their quarters tell very different stories about who ... Eli Lilly vs Novo Nordisk: The Battle for Obesity Drug Supremacy
For the next 39 days, 104 matches will be played throughout the United States, Mexico and Canada until a World Cup winner is crowned on 19 July. Amid the excitement around the world’s biggest sporting event, there has also been intense controversy and scrutiny. Ticket prices, transport costs, climate threats and security concerns have left fans with mixed emotions. “The US of Donald Trump is tonal...
For the next 39 days, 104 matches will be played throughout the United States, Mexico and Canada until a World Cup winner is crowned on 19 July. Amid the excitement around the world’s biggest sporting event, there has also been intense controversy and scrutiny. Ticket prices, transport costs, climate threats and security concerns have left fans with mixed emotions. “The US of Donald Trump is tonally different to any host of a major sporting event that has preceded it: a country that actively wants you to see the darkness in its heart, the inhumanity at its core, that gets off on your revulsion,” writes Guardian columnist Jonathan Liew. But ultimately who takes the blame? Fifa, argues Jonathan. Opinion: how the Omar Artan scandal reveals Gianni Infantino for what he is: one of sport’s greatest cowards Continue reading...
Intel has become a star of the artificial intelligence trade, and Jim Cramer said investors need to own the stock. "If you don't own Intel, please buy it," said Jim during Thursday's Morning Meeting , touting the chipmaker as it becomes more crucial to the artificial intelligence data center buildout. He said it's now his favorite name in the chip space. "Intel's my No. 1 name, not Nvidia ," Jim s...
Intel has become a star of the artificial intelligence trade, and Jim Cramer said investors need to own the stock. "If you don't own Intel, please buy it," said Jim during Thursday's Morning Meeting , touting the chipmaker as it becomes more crucial to the artificial intelligence data center buildout. He said it's now his favorite name in the chip space. "Intel's my No. 1 name, not Nvidia ," Jim said. He argued that portfolio holding Nvidia, the leading maker of AI chips, has become a source of funds for investors looking to raise capital ahead of the SpaceX initial public offering Friday. But with Intel, that's not the case. Intel's stock popped up nearly 8% Thursday following a double upgrade by Bank of America. The firm elevated the stock to a buy from a sell-equivalent rating, and raised its price target to $135 from $96. Analysts based the call on higher confidence in Intel's opportunity to benefit from AI spending in two ways: its central processing units (CPUs) and its contract chip manufacturing business, known as Intel Foundry. Both reasons are why the Club initiated a position in the company last week at a price target of $140 per share. Shares of Intel and other AI chipmakers were then hit with a wave of selling in recent days. Thursday's gains put Intel back to around $115, slightly above the price of our first buy on June 3. We added to our position at $101.80 a share on June 5. Bank of America now projects Intel's server CPU sales to hit $40 billion by calendar year 2030 — a very bullish target versus the consensus. Wall Street currently expects Intel's data center and AI segment to generate $32.5 billion in 2030, according to FactSet; the vast majority of that segment's revenues are from CPUs, per BofA. The analysts believe Intel will capture about 25% of a total addressable market for server CPUs worth $170 billion, up from its prior estimate of $135 billion. Intel's blowout quarter in April was a huge reality check for investors that revealed a boom...
hapabapa/iStock Editorial via Getty Images Despite trading flat on the year, AbbVie Inc. ( ABBV ) has rebounded ~14% from the April lows, registering a one-year total return of 22.6%, in line with the S&P 500's ( SPY ) 21.7% figure. The company has been successful in replacing Humira, two years past the U.S. loss of exclusivity (LOE) cliff. The ex-Humira platform has been compounding well, with SK...
hapabapa/iStock Editorial via Getty Images Despite trading flat on the year, AbbVie Inc. ( ABBV ) has rebounded ~14% from the April lows, registering a one-year total return of 22.6%, in line with the S&P 500's ( SPY ) 21.7% figure. The company has been successful in replacing Humira, two years past the U.S. loss of exclusivity (LOE) cliff. The ex-Humira platform has been compounding well, with SKYRIZI and RINVOQ guided to produce a combined ~$31.8 billion in FY2026E revenue. Neuroscience has emerged as a second growth pillar, which is headed towards ~$12.6 billion in FY2026E. EPS is projected to jump to $14.26 in FY2026E from $10.00 in FY2025, a ~43% surge reflecting IPR&D charges/Humira loss fading. FCF is also expected to rise 54% to $27.5 billion, while net debt/EBITDA is likely to decline to 1.6x from 2.4x during the same period. Q1 FY2026 Earnings Recap Earnings were reported late in April, and AbbVie reported a 12.4% Y/Y increase in revenue of $15 billion, beating its prior guidance by $300 million, and it is the eighth consecutive quarter of beats on both top and bottom lines. Adjusted EPS of $2.65 was also $0.07 ahead of guidance, which is remarkable since it includes $0.41 of unfavorable acquired IPR&D expense. As a result, the management raised their guidance for FY2026. Adjusted EPS notched up $0.12 at the midpoint to $14.08–$14.28, while revenue was upgraded by $300 million to $67.3 billion. The Q2 guide of ~$16.7 billion revenue and $3.74–$3.78 adjusted EPS implies ~8.6% Y/Y revenue and ~26-27% EPS growth rates, which is solid and confirms continual acceleration. Below is the segment detail breakdown. The mix shines a good light—Humira is only worth $0.7 billion in its remaining base, while SKYRIZI/RINVOQ have been picking up at a ~20-29% Y/Y pace. Further, the management has noted a stable pricing for SKYRIZI in Q1 and only expects a low-single-digit erosion for the remainder of the year, which is relatively positive for a drug at this scale. Franchis...
Broadcom (NASDAQ:AVGO) beat both lines last week and still got punished, which shows how this AI cycle now grades the report card. Broadcom is the second-largest AI chip franchise behind NVIDIA (NASDAQ:NVDA), supplying custom accelerators and networking silicon to hyperscalers. CEO Hock Tan has been guiding the Street toward $56 billion in AI semiconductor revenue this ... Broadcom’s Selloff Shows...
Broadcom (NASDAQ:AVGO) beat both lines last week and still got punished, which shows how this AI cycle now grades the report card. Broadcom is the second-largest AI chip franchise behind NVIDIA (NASDAQ:NVDA), supplying custom accelerators and networking silicon to hyperscalers. CEO Hock Tan has been guiding the Street toward $56 billion in AI semiconductor revenue this ... Broadcom’s Selloff Shows the New Rule of AI Stocks: Great Isn’t Good
In this article SPCX Follow your favorite stocks CREATE FREE ACCOUNT SpaceX facilities in Hawthorne, California, US, on Monday, April 13, 2026. Ethan Swope | Bloomberg | Getty Images SpaceX is set to debut on the Nasdaq on Friday, and traders on prediction market platform Polymarket are confident shares will pop. The Elon Musk-led rocket company will is expected to price at $135 per share , alread...
In this article SPCX Follow your favorite stocks CREATE FREE ACCOUNT SpaceX facilities in Hawthorne, California, US, on Monday, April 13, 2026. Ethan Swope | Bloomberg | Getty Images SpaceX is set to debut on the Nasdaq on Friday, and traders on prediction market platform Polymarket are confident shares will pop. The Elon Musk-led rocket company will is expected to price at $135 per share , already giving it a market value of $1.77 trillion . But traders think there's a high probability it'll zoom well north of there on irs first day of trading. There's an 84% chance that SpaceX will close above $1.8 trillion in market cap, according to Polymarket traders. Odds that SpaceX will surpass $2 trillion stand at 69%. Based on an expected initial market cap of $1.77 trillion, a capitalization of roughly $2 trillion would equate to a 13% rally in SpaceX Friday. Pre-IPO perpetual futures on Hyperliquid indicate that SpaceX could jump more than 20% in its first day of trading. Traders are more that SpaceX will close with a market value above $2.2 trillion, giving it less than a 50-50 chance. A close above $2 trillion would put SpaceX in an exclusive club. Only five other U.S. companies — Nvidia , Apple , Alphabet , Microsoft and Amazon — have valuations north of $2 trillion. SpaceX $2 trillion would also put it ahead of chip giant Broadcom 's valuation of $1.85 trillion. Even at the expected initial valuation of $1.77 trillion, SpaceX would prove larger than Musk's electrical vehicle flagship. Tesla's market value was about $1.72 trillion late Thursday, according to FactSet data. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
Most people know Vanguard for its low-cost index funds. This smaller, actively managed ETF has been able to beat the S&P 500 for more than eight years.
Most people know Vanguard for its low-cost index funds. This smaller, actively managed ETF has been able to beat the S&P 500 for more than eight years.
Jonathan Panikoff, director of the Scowcroft Middle East Security Initiative at the Atlantic Council, said that there is a chance that President Trump was pushing for something that Iranian negotiators had not 'fully signed off on' when he announced the cancellation of planned strikes on Iran. Panikoff said that despite the quickly changing narrative over a few hours, it is more likely if a deal c...
Jonathan Panikoff, director of the Scowcroft Middle East Security Initiative at the Atlantic Council, said that there is a chance that President Trump was pushing for something that Iranian negotiators had not 'fully signed off on' when he announced the cancellation of planned strikes on Iran. Panikoff said that despite the quickly changing narrative over a few hours, it is more likely if a deal comes together it is because of ongoing negotiations over multiple weeks. (Source: Bloomberg)
Win McNamee/Getty Images News President Donald Trump said he'll nominate Jay Clayton, who chaired the Securities and Exchange Commission in the president's first term, as National Intelligence Director. "Few people anywhere in the Legal Community are respected at the level of Jay," Trump wrote in a social media post on Thursday. "I encourage the United States Senate to confirm Jay as soon as possi...
Win McNamee/Getty Images News President Donald Trump said he'll nominate Jay Clayton, who chaired the Securities and Exchange Commission in the president's first term, as National Intelligence Director. "Few people anywhere in the Legal Community are respected at the level of Jay," Trump wrote in a social media post on Thursday. "I encourage the United States Senate to confirm Jay as soon as possible." Clayton currently serves as the U.S. Attorney for the Southern District of New York, one of the most prestigious posts in the Justice Department. In the private sector, he had risen to become a member of Sullivan & Cromwell's management committee and was co-managing partner at the law firm's general practice group. After his tenure as SEC chair, he rejoined Sullivan & Cromwell to become senior policy adviser and counsel. He was named U.S. Attorney for the Southern District of New York on Nov. 14, 2024. His bio on Wikipedia doesn't appear to show any intelligence experience. If Clayton is confirmed by the Senate, he'll take over from Bill Pulte, who has been serving as acting director of National Intelligence. Trump named Pulte acting intelligence chief early in June after Tulsi Gabbard left but days later said he would serve in that capacity only temporarily. Dear readers: We recognize that politics often intersects with the financial news of the day, so we invite you to click here to join the separate political discussion. More on the US Dollar Monthly Macro Monitor: Nothing To See Here Week Ahead: Surging Greenback On Robust Jobs Data, While ECB Hike Seen As A Done Deal Stronger Dollar Trade: The Most Unexpected Macro Bet (Part 2)