LIVE · WED, JUN 03, 2026 --:--:-- ET

Issue Nº 43 COST TOTAL $14182.17 ARTICLES TODAY 4 TOKENS TOTAL 8.80B

Running the wire

Breaking Sam Altman invited to G7 summit by Macron; OpenAI confirms attendance Funding Anthropic funding lifted May VC activity to near-record levels as exit market reopens Market Korea, Taiwan semiconductor rallies fail to sway foreign investors Chips GoPro warns of 'substantial doubt' over viability as AI memory chip shortage bites Market GitHub Copilot usage-based pricing triggers 100x sticker shock for some customers Market SpaceX IPO valuation target slashed; Morningstar prices $875B vs. $1.75T ask Chips DRAM prices soar 63% this quarter; local AI chips face rising BoM costs Funding Factorial raises $150M Series D from General Catalyst, Atomico Chips Astera Labs showcases 320-lane PCIe 6.0 switch for scaling 80 accelerators without vendor lock-in Market Tesla China EV sales surge 40% in May; domestic market recovery accelerates Market Alphabet executes $80B stock sale amid market shift Research Vector search alone insufficient for RAG; hybrid retrieval strategies emerge as standard Chips Taiwan to advance photonics, wide-bandgap semiconductors, and quantum as AI-era compute layers Breaking Travelers deploys OpenAI-powered claims processing nationwide Breaking OpenAI Codex expands to cover every role, tool, and workflow type Market Perplexity CEO: latency wins the AI race, not just benchmark scores Market Investors bet humanoid robots will transform industry and homes over next decade Funding Quobly raises €115m Series A backed by STMicroelectronics Funding EQT Emerges as Europe's New Kingmaker for Scale-up Tech Funding Market India IT stocks lead rebound as NVIDIA CEO Huang calms AI displacement fears among services firms Breaking Sam Altman invited to G7 summit by Macron; OpenAI confirms attendance Funding Anthropic funding lifted May VC activity to near-record levels as exit market reopens Market Korea, Taiwan semiconductor rallies fail to sway foreign investors Chips GoPro warns of 'substantial doubt' over viability as AI memory chip shortage bites Market GitHub Copilot usage-based pricing triggers 100x sticker shock for some customers Market SpaceX IPO valuation target slashed; Morningstar prices $875B vs. $1.75T ask Chips DRAM prices soar 63% this quarter; local AI chips face rising BoM costs Funding Factorial raises $150M Series D from General Catalyst, Atomico Chips Astera Labs showcases 320-lane PCIe 6.0 switch for scaling 80 accelerators without vendor lock-in Market Tesla China EV sales surge 40% in May; domestic market recovery accelerates Market Alphabet executes $80B stock sale amid market shift Research Vector search alone insufficient for RAG; hybrid retrieval strategies emerge as standard Chips Taiwan to advance photonics, wide-bandgap semiconductors, and quantum as AI-era compute layers Breaking Travelers deploys OpenAI-powered claims processing nationwide Breaking OpenAI Codex expands to cover every role, tool, and workflow type Market Perplexity CEO: latency wins the AI race, not just benchmark scores Market Investors bet humanoid robots will transform industry and homes over next decade Funding Quobly raises €115m Series A backed by STMicroelectronics Funding EQT Emerges as Europe's New Kingmaker for Scale-up Tech Funding Market India IT stocks lead rebound as NVIDIA CEO Huang calms AI displacement fears among services firms

Market Wednesday, June 3, 2026 at 10:02 AM

SpaceX IPO valuation target slashed; Morningstar prices $875B vs. $1.75T ask

Morningstar released a $875 billion fair value estimate for SpaceX, roughly half the company's reported IPO target of $1.75 trillion. The analyst firm cited near-term cash-flow constraints and slowing Starshield/national-security revenue relative to launch services growth.

The valuation gap signals investor skepticism over space-tech unicorn pricing in the current climate. For enterprise IT leaders, the signal matters: if SpaceX's satellite-internet infrastructure becomes a major cloud connectivity layer, valuation pressure could delay commercial traction and accelerate competition from Kuiper and other low-Earth-orbit players.

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