Keep pulling the thread on Eric Balchunas.
According to Eric Balchunas, the S&P 500 will not fast-track the inclusion of SpaceX, with the process expected to take at least a year or more.
Morgan Stanley projects that SpaceX's revenue will reach $3.4 trillion by the year 2040.
A consortium of the largest U.S. banks plans to launch a tokenized deposit network next year.
The largest U.S. banks plan to launch a tokenized deposit network in the next year, according to The Wall Street Journal.
The planned tokenized deposit network will be operated by The Clearing House, which is co-owned by JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo.
Google has agreed to pay SpaceX $920 million per month for compute capacity at XAI's data centers.
Morgan Stanley predicts that SpaceX's revenue will reach $3.4 trillion by 2040.
According to Bespoke, the Technology and Communication Services sectors combined now constitute approximately 49% of the S&P 500 index.
The Vanguard S&P 500 ETF (VOO) has reached $1 trillion in assets under management for the first time, with approximately $70 billion in inflows this year.
The share of U.S. wealth held by the top 3% of families more than doubled, rising from 26% in 1989 to 53% in 2022.
According to Jefferies, China's top AI models now perform at 90% of the level of leading U.S. models.
According to Jefferies, Chinese companies achieve top-tier AI model performance while spending 82% less on AI capital expenditures than U.S. peers like AWS, Microsoft, Google, and Meta.