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SpaceX has received orders for more than the shares available in its planned $75 billion Initial Public Offering.
Bailey Lipschultz believes the next logical move for the Federal Reserve is an interest rate hike, either later this year or early next year.
SpaceX is pitching itself to investors based on a $26.5 trillion AI market opportunity, a strategic shift from its previous identity as a space monopoly.
Evercore ISI research analysts project SpaceX's AI-related sales will reach $755 billion in 2031, up from $3.2 billion last year.
If 30% of the SpaceX IPO is allocated to retail investors, it would represent an unprecedented value of over $20 billion.
Broadcom is currently experiencing its worst two-day stock performance in the company's history.
Broadcom's stock declined after the company provided a revenue forecast for AI chips that was lighter than investors expected.
Broadcom CEO Hock Tan has indicated the company is entering a "post-M&A phase," shifting its growth strategy to focus on internal chip development rather than large acquisitions.
Broadcom has a deal with Google to collaborate on Tensor Processing Units (TPUs) through 2031.
Broadcom is engaged in a chip development partnership with the large language model company Anthropic.
SpaceX, Anthropic, and OpenAI are all reportedly planning to raise tens of billions of dollars through Initial Public Offerings.
Google is planning to raise tens of billions of dollars by tapping the public markets again through a new equity offering.