(RTTNews) - Indian shares rebounded on Thursday, largely due to short covering after recent steep losses. Key benchmark indexes staged a sharp rebound after falling nearly 4 percent over the last four sessions. Helping underpin sentiment, media reports suggested that Iran has reached out to the Central Intelligence Agency (CIA) to explore a backchannel ceasefire. However, a source from the Iranian...
(RTTNews) - Indian shares rebounded on Thursday, largely due to short covering after recent steep losses. Key benchmark indexes staged a sharp rebound after falling nearly 4 percent over the last four sessions. Helping underpin sentiment, media reports suggested that Iran has reached out to the Central Intelligence Agency (CIA) to explore a backchannel ceasefire. However, a source from the Iranian Intelligence Ministry dismissed the report as "a complete lie" and stated that Tehran is prepared to sustain the conflict. Concerns about disruptions in global oil supply eased somewhat after U.S. President Donald Trump announced measures, including a U.S. naval escort for oil tankers travelling through the Strait of Hormuz and political risk insurance. Additionally, media reports suggested that two Russian oil cargoes that had been signaling East Asia as a destination have switched to India in a move to mitigate the impact of supply chain disruptions. Iran's Revolutionary Guard, IRGC, declared today that the Strait of Hormuz is closed only to ships from the United States, Israel, Europe and other Western allies. The benchmark BSE Sensex soared nearly 1,200 points, or 1.5 percent, to hit an intraday high of 80,304 before paring gains to end up 899.71 points, or 1.14 percent, at 80,015.90. The broader NSE Nifty index also jumped 1.5 percent to the day's high of 24,854 before closing up 285.40 points, or 1.17 percent, at 24,765.90. The BSE mid-cap and small-cap indexes surged around 1.4 percent each. The market breadth was positive on the BSE, with 2,801 shares rising while 1,456 shares declined and 140 shares closed unchanged. Among the top gainers, Adani Ports soared 4.5 percent, while Larsen & Toubro, NTPC, Reliance Industries, BEL and IndiGo jumped 3-4 percent. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
More of the world’s billionaires live in China than anywhere else, after stock market gains and artificial intelligence generated a record number of billionaires globally, according to the latest Hurun Global Rich List. China overtook the United States to recapture bragging rights on the annual report released by Hurun Group on Thursday, with 1,110 billionaires out of 4,020 globally. China added 2...
More of the world’s billionaires live in China than anywhere else, after stock market gains and artificial intelligence generated a record number of billionaires globally, according to the latest Hurun Global Rich List. China overtook the United States to recapture bragging rights on the annual report released by Hurun Group on Thursday, with 1,110 billionaires out of 4,020 globally. China added 287 billionaires since the previous edition of the report, more than recouping its losses over the last three years, the report said. AI fostered two new Chinese billionaires, Yan Junjie of MiniMax with US$3.6 billion and Liu Debing of Knowledge Atlas Technology JSC, better known as Zhipu , with US$1.2 billion. Advertisement “The concentration of economic power continues,” said Rupert Hoogewerf, chairman and chief researcher of the Shanghai-based research, media and investments group. “Billionaires are at world-record numbers, largely on the back of surging global stock markets, with AI leading the charge, and China’s going global.” Elon Musk , with a fortune of US$792 billion, Jeff Bezos of Amazon at US$300 billion and Larry Page of Alphabet at US$281 billion took the top three spots on the list, with Musk the first person to surpass US$700 billion in wealth. Advertisement The global list grew by a net of 578 billionaires over the last year, with China, including the mainland, Macau, Hong Kong and Taiwan, accounting for half of the new entrants.
ELECSTER OYJ TILINPÄÄTÖSTIEDOTE 5.3.2026 KLO 12:30 ELECSTER-KONSERNIN TILINPÄÄTÖSTIEDOTE 1.1. – 31.12.2025 Yhteenveto luvuista Loka-joulukuu: Liikevaihto 8,7 MEUR (10-12/2024: 8,0 MEUR) Liikevoitto 0,2 MEUR (-0,5 MEUR) Tulos ennen veroja 0,2 MEUR (-1,3 MEUR) Tulos/osake 0,12 EUR (-0,32 EUR) Tammi-joulukuu: Liikevaihto 32,7 MEUR (1-12/2024: 33,9 MEUR) Liikevoitto 1,0 MEUR (1,6 MEUR) Tulos ennen ver...
ELECSTER OYJ TILINPÄÄTÖSTIEDOTE 5.3.2026 KLO 12:30 ELECSTER-KONSERNIN TILINPÄÄTÖSTIEDOTE 1.1. – 31.12.2025 Yhteenveto luvuista Loka-joulukuu: Liikevaihto 8,7 MEUR (10-12/2024: 8,0 MEUR) Liikevoitto 0,2 MEUR (-0,5 MEUR) Tulos ennen veroja 0,2 MEUR (-1,3 MEUR) Tulos/osake 0,12 EUR (-0,32 EUR) Tammi-joulukuu: Liikevaihto 32,7 MEUR (1-12/2024: 33,9 MEUR) Liikevoitto 1,0 MEUR (1,6 MEUR) Tulos ennen veroja -0,3 MEUR (0,9 MEUR) Tulos/osake -0,07 EUR (0,07 EUR) Oma pääoma/osake 6,28 euroa (6,06 euroa) Omavaraisuusaste 62,5 % (56,1 %) Osinkoehdotus 0,00 euroa (0,00 euroa) TOIMINTAYMPÄRISTÖ Euroopan keskuspankin tammikuussa 2026 julkaistussa talouskatsauksessa toimintaympäristöstä todetaan, että maailmantalous on tähän saakka osoittautunut kestäväksi tuontitullien ja lisääntyneen epävarmuuden aiheuttamista häiriöistä huolimatta. Talouden kestokyky sai merkittävää tukea tekoälyyn liittyvistä investoinneista erityisesti Yhdysvalloissa. Nämä investoinnit tukevat teknologiatuotteiden maailmankauppaa ja pönkittävät osakemarkkinatuottoja, joskin ne herättävät myös huolta osakkeiden arvostustasosta. Lisäksi keskeisten talouksien kasvua tukeva politiikka on osaltaan lieventänyt ulkomaankaupan jännitteiden ja epävarmuuden haittavaikutuksia. Samalla maailmantalous saa tukea muistakin kehityskuluista, mukaan lukien öljyn hinnan lasku, rahoitusehtojen helpottuminen, tuontitullien aleneminen sekä poliittisen epävarmuuden lievä väheneminen. Eurojärjestelmän asiantuntijoiden joulukuun 2025 arvioihin sisältyviä maailmantalouden kasvunäkymiä on näin ollen tarkistettu hieman vahvemmiksi edellisiin asiantuntija-arvioihin nähden, joskin pandemiaa edeltäneen ajan keskiarvoon verrattuna kasvun arvioidaan jäävän vaimeaksi. Keskeisten kehittyneiden talouksien ja nousevien markkinatalouksien kuluttajahintainflaation arvioidaan nyt hidastuvan asteittain ja hieman ripeämmin kuin edellisissä asiantuntija-arvioissa ennakoitiin. Vuoden 2025 viimeinen vuosineljännes jatkui pitkälti aiempien vuosineljännest...
Torsten Asmus/iStock via Getty Images Below is an updated look at changes in short interest levels for Russell 3,000 stocks over the last six months. The average Russell 3,000 stock currently has 7.5% of its float sold short. That's up 0.7 percentage points from six months ago at the end of August 2025. The Pharma, Biotech & Life Sciences group has the highest average short interest as a percentag...
Torsten Asmus/iStock via Getty Images Below is an updated look at changes in short interest levels for Russell 3,000 stocks over the last six months. The average Russell 3,000 stock currently has 7.5% of its float sold short. That's up 0.7 percentage points from six months ago at the end of August 2025. The Pharma, Biotech & Life Sciences group has the highest average short interest as a percentage of float (SIPF) at 13%, followed by Consumer Discretionary Distribution & Retail (11.5%) and Media & Entertainment (10.7%). The average stock in the Software & Services group is down 17.1% over the last six months, the worst of any group, and the average Software stock's SIPF now sits at 9.3%. That's up 1.3 percentage points from six months ago, which is elevated but not the most extreme jump across the 25 industry groups. Media & Entertainment has seen the biggest jump in SIPF at 2.4 percentage points. Unsurprisingly, less volatile groups like Utilities, REITs, Insurance, and Banks have the lowest short interest levels. Below is a table highlighting the 30 stocks in the Russell 3,000 that currently have the highest short interest levels (as a percentage of float). Conservative media outlet Newsmax ( NMAX ) is at the top of the list with nearly two-thirds of its float sold short, followed by AirSculpt Tech ( AIRS ) at 61% and FLEX LNG ( FLNG ) at 54.4%. Most of the stocks on the list of heavily shorted names have market caps below $10 billion, but some of the names you may know include Groupon ( GRPN ), Hims & Hers ( HIMS ), Beyond Meat ( BYND ), SoundHound AI ( SOUN ), Dave & Buster's ( PLAY ), and Lucid ( LCID ). Both Hertz ( HTZ ) and Avis ( CAR ) are near the top of the list as well, while robotics company Richtech ( RR ) and small nuclear reactor company NANO Nuclear ( NNE ) also make appearances. Below is a list of the 30 Russell 3,000 stocks that have seen the biggest increase in short interest over the last six months. Newsmax ( NMAX ) tops the list with SIPF jump...
The escalating conflict in the Middle East has jolted a popular hedge fund strategy, threatening a spillover into broader markets if volatility persists. The dispersion trade — which uses options to exploit the difference between the volatility of a broader index and that of its individual components — has been a favorite with investors. The bet pays off as long as the S&P 500 Index continues edgi...
The escalating conflict in the Middle East has jolted a popular hedge fund strategy, threatening a spillover into broader markets if volatility persists. The dispersion trade — which uses options to exploit the difference between the volatility of a broader index and that of its individual components — has been a favorite with investors. The bet pays off as long as the S&P 500 Index continues edging higher while stocks keep churning beneath the surface, a market dynamic that has persisted for months. Read more: Wild Stock Swings Keep Favorite Wall Street Option Trade Humming But investors received a jarring wake-up call earlier this week, when the war in Iran sparked a bout of risk aversion. A measure of implied one-month correlation jumped to its highest level since November on Tuesday, with single stocks and indexes both tumbling. Though correlations eased the following day when markets rebounded, the moves put investors in the strategy on high alert for further outbreaks of volatility. “We could be at an important inflection point,” said Amy Wu Silverman , head of derivatives strategy at RBC Capital Markets. “One thing geopolitical events can trigger is a spike in correlation.” In the dispersion trade, hedge funds typically buy options on individual stocks and sell them on the index. Matthew Thompson , co-portfolio manager at Little Harbor Advisors, says there appears to be “crowded positioning” in the bet, making it more vulnerable to sudden unwinds if market conditions become less favorable. That could exacerbate a drop in broader indexes, as investors rush to exit similar positions at the same time. “Anytime a lot of people are doing the same thing under the same assumptions and those assumptions then get tested, then absolutely you could see that kind of second-round effect,” he said. A report underscoring economic resilience and cooling inflationary pressures drove stocks higher on Wednesday, even as the war in the Middle East clouded the growth outlook. The...
Uniqlo plans to accelerate store openings in India, especially in the southern states, as the Japanese apparel maker seeks faster growth and greater market share by targeting more affluent shoppers in the world’s most-populous country. “There’s big space for us to grow in this market,” Kenji Inoue , chief operating officer and chief financial officer of Uniqlo India Pvt. , said in an interview. Th...
Uniqlo plans to accelerate store openings in India, especially in the southern states, as the Japanese apparel maker seeks faster growth and greater market share by targeting more affluent shoppers in the world’s most-populous country. “There’s big space for us to grow in this market,” Kenji Inoue , chief operating officer and chief financial officer of Uniqlo India Pvt. , said in an interview. There’s potential to expand its current market share of about 2% by tenfold, he said. “India is recognized as an extremely important market for our group.” Uniqlo’s parent company Fast Retailing Co. , which has a larger presence in northern India, is working to expand its supply chain in the country’s warmer southern states. It will focus on promoting its linen clothing range — better suited for the region’s tropical weather — and AIRism line with cooling fabrics. With fewer and milder winter months, the region offers limited demand for Uniqlo’s cold-weather HEATTECH line. The newfound vigor comes after years of relatively slow pace of growth in India, compared with China and other markets where it has made inroads. Six years after entering the country, Uniqlo has only 17 stores in the country of more than 1.4 billion people. But with India’s apparel market projected to double to as much as $150 billion by 2030, it is attracting a wave of competitors. H&M and Zara are expanding their footprint , while local giants Reliance Industries Ltd. , the Tata Group and Aditya Birla Group are forging international partnerships. The goal is to capture part of India’s growing affluent class of almost 100 million, as rising incomes fuel demand. Long Queue Fast Retailing got a taste of this robust demand. When Uniqlo opened its doors to the first store in Bengaluru last August, the queue was so long and overwhelming that Inoue said he had to pitch in to help at the store — folding clothes, dealing with customers and, ultimately, postponing his flight home. Uniqlo is seeking to replicate tha...
The Canadian dollar has become a top pick in the $9.5-trillion-a-day foreign exchange market due to its link to oil prices as the war in the Middle East grinds on. As most major currencies fell versus the US dollar this week in the wake of conflict between the US and Iran, the loonie has weathered the volatility that engulfed currency markets. Oil prices have climbed since attacks began last weeke...
The Canadian dollar has become a top pick in the $9.5-trillion-a-day foreign exchange market due to its link to oil prices as the war in the Middle East grinds on. As most major currencies fell versus the US dollar this week in the wake of conflict between the US and Iran, the loonie has weathered the volatility that engulfed currency markets. Oil prices have climbed since attacks began last weekend, a supportive move for Canada, the world’s fourth-largest crude producer. That’s driven strategists to highlight the currency’s resilience and call for continued strength in the short term. “The Canadian dollar has emerged as the only major currency that was largely able to hold its ground versus the resurgent king US dollar since the start of the US-Iran conflict,” Valentin Marinov , head of G-10 FX research at Credit Agricole SA, said in an interview. The loonie has also made some “pretty significant gains” this week against other major currencies, according to Shaun Osborne , chief foreign exchange strategist at Bank of Nova Scotia. It has strengthened against the Japanese yen, the euro and the British pound, reflecting how it has “leveraged that terms of trade improvement against the obvious energy consumers,” he said in an interview. The most favorable trade to take advantage of the Canadian dollar’s strength would be to go long versus the pound, according to Sarah Ying , head of FX strategy at Canadian Imperial Bank of Commerce. “Between euro and sterling, sterling probably is the one that gets punished more because they are also big importers and there were more cuts priced for the Bank of England than before,” she said. President Donald Trump has said the US could continue attacking Iran for “four to five weeks,” but the US dollar fell after a New York Times report said Iranian operatives contacted the Central Intelligence Agency to discuss ending the war. Iran later denied its Ministry of Intelligence had reached out to the US. Read More: Dollar Reclaims Ultimat...
8vFanI/iStock via Getty Images BDC valuations reflect NII, dividend coverage, credit quality and rate expectations. With P/B below average, markets may already price in cuts, creating potential income opportunities. What Drives BDC Valuations? Business development companies (BDCs) are publicly traded investment vehicles that lend to small and mid-sized U.S. businesses, primarily through floating-r...
8vFanI/iStock via Getty Images BDC valuations reflect NII, dividend coverage, credit quality and rate expectations. With P/B below average, markets may already price in cuts, creating potential income opportunities. What Drives BDC Valuations? Business development companies (BDCs) are publicly traded investment vehicles that lend to small and mid-sized U.S. businesses, primarily through floating-rate loans. Because BDCs are required to distribute the majority of their taxable income, they are popular among income-focused investors. Several key factors drive how the market values public BDCs: Net investment income (NII): The core earnings measure for BDCs, reflecting the spread between income earned on the loan portfolio and operating/financing costs. NII is the primary source of shareholder dividends. Dividend yield and coverage: Whether a BDC's earnings sufficiently cover its distribution is a key signal of sustainability. Price-to-NAV (book value): BDCs report NAV quarterly, but shares trade in the secondary market at prices that may differ. A discount to NAV may reflect macro concerns; a premium often signals confidence in management and portfolio quality. Credit quality and leverage: Non-accrual rates, portfolio composition, and balance sheet leverage influence risk assessment. Macro conditions and sentiment: GDP projections, rate policy, the credit environment, and investor appetite for income assets all shape valuations. More recently, concerns about potential credit deterioration and the impact of AI-driven disruption on certain BDC borrowers have weighed on sentiment, sometimes independently of underlying fundamentals. Why Interest Rates Matter for BDC Performance Because BDC loan portfolios are predominantly floating rate, typically benchmarked to SOFR, changes in Federal Reserve rate policy flow directly through to BDC earnings. When rates are elevated, BDCs earn more on their assets. When rates decline, floating-rate coupons reset lower, reducing income. ...
Aurora Innovation (AUR 2.39%), an autonomous truck technology specialist that moved from the developmental to the commercial stage last year, had a hot month in cold February. The specialized auto company announced a dramatic expansion of its network, and on such an indication that its business is viable, investors piled into the stock, helping push it to an 11% gain over the month. A narrower-tha...
Aurora Innovation (AUR 2.39%), an autonomous truck technology specialist that moved from the developmental to the commercial stage last year, had a hot month in cold February. The specialized auto company announced a dramatic expansion of its network, and on such an indication that its business is viable, investors piled into the stock, helping push it to an 11% gain over the month. A narrower-than-expected quarterly net loss also helped. Keep on trucking On Feb. 11, Aurora announced that it had tripled its driverless network to ten routes in the American South and Southwest. This coincides with the rollout of the fourth version of Aurora Driver, the company's autonomous truck operation system. Aurora said that operations under the system were "validated" on the long (1,000-mile or so) stretch between the cities of Fort Worth, Texas, and Phoenix, Arizona. The company claimed that, without the mandatory rest breaks required of human drivers under federal law, a truck powered by its self-driving technology could travel that route in half the time it takes a person (since an autonomous vehicle doesn't have to take such breaks). The company added that it already has a customer using its services for the Fort Worth-Phoenix run -- Hirschbach, a long-standing trucking business. With the network expansion, Aurora wrote, it can also cover the routes Dallas-Houston, Fort Worth-El Paso, El Paso-Phoenix, and Dallas-Laredo. In the press release heralding the move, Aurora quoted co-founder and CEO Chris Urmson as saying that "Expanding across the Sun Belt and introducing customer endpoints enables us to provide our customers with the capacity they need to move goods at a scale that wasn't possible before." Expand NASDAQ : AUR Aurora Innovation Today's Change ( -2.39 %) $ -0.11 Current Price $ 4.49 Key Data Points Market Cap $8.8B Day's Range $ 4.45 - $ 4.71 52wk Range $ 3.60 - $ 8.25 Volume 5.4K Avg Vol 17M Gross Margin -240000.00 % Hello, revenue In what might not be a coinciden...
Key Points It now has a notably higher number of routes where its self-driving system can operate. On the same day it announced the expansion, it beat the consensus analyst bottom-line estimate for its fourth quarter. 10 stocks we like better than Aurora Innovation › Aurora Innovation (NASDAQ: AUR), an autonomous truck technology specialist that moved from the developmental to the commercial stage...
Key Points It now has a notably higher number of routes where its self-driving system can operate. On the same day it announced the expansion, it beat the consensus analyst bottom-line estimate for its fourth quarter. 10 stocks we like better than Aurora Innovation › Aurora Innovation (NASDAQ: AUR), an autonomous truck technology specialist that moved from the developmental to the commercial stage last year, had a hot month in cold February. The specialized auto company announced a dramatic expansion of its network, and on such an indication that its business is viable, investors piled into the stock, helping push it to an 11% gain over the month. A narrower-than-expected quarterly net loss also helped. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Keep on trucking On Feb. 11, Aurora announced that it had tripled its driverless network to ten routes in the American South and Southwest. This coincides with the rollout of the fourth version of Aurora Driver, the company's autonomous truck operation system. Aurora said that operations under the system were "validated" on the long (1,000-mile or so) stretch between the cities of Fort Worth, Texas, and Phoenix, Arizona. The company claimed that, without the mandatory rest breaks required of human drivers under federal law, a truck powered by its self-driving technology could travel that route in half the time it takes a person (since an autonomous vehicle doesn't have to take such breaks). The company added that it already has a customer using its services for the Fort Worth-Phoenix run -- Hirschbach, a long-standing trucking business. With the network expansion, Aurora wrote, it can also cover the routes Dallas-Houston, Fort Worth-El Paso, El Paso-Phoenix, and Dallas-Laredo. In the press release heralding the move, Aurora quoted co-founder and CEO C...
March 5 (Reuters) - Broadcom shares jumped about 7% before the bell on Thursday after the company said it expects artificial intelligence chip sales to top $100 billion in 2027, as it pushes into a market long ruled by Nvidia. Big Tech firms such as Alphabet, Microsoft, Amazon and Meta are expected to spend more than $600 billion to build AI infrastructure this year, boosting demand for chips, ...
March 5 (Reuters) - Broadcom shares jumped about 7% before the bell on Thursday after the company said it expects artificial intelligence chip sales to top $100 billion in 2027, as it pushes into a market long ruled by Nvidia. Big Tech firms such as Alphabet, Microsoft, Amazon and Meta are expected to spend more than $600 billion to build AI infrastructure this year, boosting demand for chips, servers, storage and networking equipment. Broadcom expects to deliver 3 gigawatts worth of tensor processing units for AI work to Anthropic in 2027, and plans to ship OpenAI's first AI chip, delivering over 1 GW, in the same year. The volumes put Broadcom closer to the scale of recent AI chip deals by Nvidia and AMD. Investors are, however, questioning whether heavy spending on AI will generate sufficient returns to justify the lofty valuations, leading to sharp declines in the world's most valuable technology stocks. Broadcom's stock is down about 8.3% so far this year, while Nvidia is down about 2%. "The AI spend overhang will still linger, but Broadcom made a strong case for their AI revenue to outgrow the market," said analysts at Jefferies. Broadcom expects second-quarter revenue to be about $22 billion, above analysts' average estimate of $20.56 billion, according to data compiled by LSEG. It projects AI chip revenue of $10.7 billion in the quarter. The company also announced a new share repurchase program of up to $10 billion through the end of the year. (Reporting by Joel Jose in Bengaluru; Editing by Vijay Kishore)
According to new reports, SpaceX is targeting an initial public offering (IPO) that would value the company at $1.75 trillion -- the highest valuation for an IPO in history. Earlier this year, the company combined with Elon Musk's artificial intelligence (AI) business, xAI, in an all-stock deal that valued the combined company at $1.25 trillion. Why combine a rocket and satellite company with an A...
According to new reports, SpaceX is targeting an initial public offering (IPO) that would value the company at $1.75 trillion -- the highest valuation for an IPO in history. Earlier this year, the company combined with Elon Musk's artificial intelligence (AI) business, xAI, in an all-stock deal that valued the combined company at $1.25 trillion. Why combine a rocket and satellite company with an AI business so close to a potential IPO? The reason may surprise you. SpaceX could upend the AI data center industry with one move Bloomberg recently reported that, previous to its xAI acquisition, SpaceX was generating around $8 billion in annual profit on $15 billion to $16 billion of revenue. Between 50% and 80% of this revenue was generated by the company's Starlink satellite internet service. "Musk also expects to test launch a new version of SpaceX's next-generation Starship rocket in March, incorporating hundreds of upgrades, following a months-long launch hiatus while the company worked to resolve engineering challenges," the reporting concluded. There are two major takeaways from this reporting. First, SpaceX's Starlink service has been a massive success. The Starlink division began launching test satellites in 2018. Actual deployment launches ramped up in 2019 and 2020. Six years later, the division is a highly profitable business with a global reach, potentially generating more than $10 billion per year in revenue. This is quite a feat. While Musk is known for his overly optimistic projections, the scaling of Starlink as a business outpaced many experts' predictions -- mine included. In short, SpaceX was able to upend a decades-old industry over a handful of years. And given the company's plans for its Starlink service, further expansion will be pursued aggressively. The second thing to note from Bloomberg's reporting is the imminent restart of SpaceX's Starship rocket testing. The Starship rocket can theoretically carry a total payload of 100 to 150 metric tons. ...
Key Points Space could be the answer to solving a key AI scaling challenge. SpaceX could pursue data centers in space with its Starship rocket. These 10 stocks could mint the next wave of millionaires › According to new reports, SpaceX is targeting an initial public offering (IPO) that would value the company at $1.75 trillion -- the highest valuation for an IPO in history. Earlier this year, the ...
Key Points Space could be the answer to solving a key AI scaling challenge. SpaceX could pursue data centers in space with its Starship rocket. These 10 stocks could mint the next wave of millionaires › According to new reports, SpaceX is targeting an initial public offering (IPO) that would value the company at $1.75 trillion -- the highest valuation for an IPO in history. Earlier this year, the company combined with Elon Musk's artificial intelligence (AI) business, xAI, in an all-stock deal that valued the combined company at $1.25 trillion. Why combine a rocket and satellite company with an AI business so close to a potential IPO? The reason may surprise you. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » SpaceX could upend the AI data center industry with one move Bloomberg recently reported that, previous to its xAI acquisition, SpaceX was generating around $8 billion in annual profit on $15 billion to $16 billion of revenue. Between 50% and 80% of this revenue was generated by the company's Starlink satellite internet service. "Musk also expects to test launch a new version of SpaceX's next-generation Starship rocket in March, incorporating hundreds of upgrades, following a months-long launch hiatus while the company worked to resolve engineering challenges," the reporting concluded. There are two major takeaways from this reporting. First, SpaceX's Starlink service has been a massive success. The Starlink division began launching test satellites in 2018. Actual deployment launches ramped up in 2019 and 2020. Six years later, the division is a highly profitable business with a global reach, potentially generating more than $10 billion per year in revenue. This is quite a feat. While Musk is known for his overly optimistic projections, the scaling of Starlink as a business outpaced many exp...