Microsoft Heads for Worst Month Since 2008 on AI Spending Fears
Microsoft is heading for its worst month since 2008 as investors worry that its heavy AI spending may not pay off and that AI could erode demand for its core software.
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Microsoft is heading for its worst month since 2008 as investors worry that its heavy AI spending may not pay off and that AI could erode demand for its core software.
Google has limited Meta’s use of its Gemini AI models after Meta sought more computing capacity than Google could supply, delaying some of Meta’s internal projects.
OpenAI is leaning toward pushing its IPO to 2027 rather than accept less than a $1 trillion valuation, weeks after filing confidentially for a US listing.
Cursor unveiled its first from-scratch AI model, an agent-first Git platform called Origin and an iOS app, days after SpaceX’s $60 billion acquisition of its parent.
Tech firms have cut close to 150,000 jobs in 2026 while citing AI, even as AI-driven IPOs mint vast new fortunes, sharpening questions about who benefits.
SpaceX shares are expected to begin trading around $171 on Nasdaq, nearly 29% above the company’s IPO price of $135 per share.
SpaceX is pitching investors on a vertically integrated AI strategy spanning chips, data centers and even compute satellites in orbit, bankrolled by Starlink’s profits.
SpaceX IPO sold 555.6 million shares at a fixed $135, nearly tripling the prior record as heavy demand bets on Musk despite steep losses and no path to profit.
SpaceX has released its most detailed look yet at a planned orbital AI data center satellite, unveiling a 70-meter-wingspan structure during the same week the company is pitching investors on a $1.75 trillion public listing.
OpenAI has submitted a confidential S-1 filing with the SEC, joining Anthropic and SpaceX in a rare simultaneous push toward public markets by three of the most valuable private companies in the AI sector.
Goldman Sachs is projecting SpaceX’s AI revenues will grow roughly 100 times by 2030 – from $3.2 billion to $322 billion annually – figures the bank is using to anchor a $1.78 trillion IPO valuation for the company it is simultaneously leading to market.
SpaceX is a space, satellite connectivity, and AI company that acquired xAI effective February 2, 2026, bringing Grok, X, and AI infrastructure under SpaceX.
Anthropic has confidentially filed for an initial public offering, positioning itself for one of the most closely watched AI listings in history.
Morningstar has valued SpaceX at $780 billion, far below the company’s reported $1.75 trillion IPO target. The research firm cited uncertainty around SpaceX’s AI business, Starlink’s long-term prospects, and unproven technologies.
Anthropic is projected to generate $10.9 billion in Q2 revenue, potentially marking its first profitable quarter.