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Tech billionaires convinced Trump to back off AI executive order



The tech bros struck back.

That’s the best way to describe what happened yesterday when President Donald Trump suddenly decided to indefinitely postpone signing an Executive Order on AI, even as technology company executives he had invited to be present at the White House for the signing were traveling to Washington for the ceremony.

“I didn’t like certain aspects of it,” Trump explained to reporters at the White House on Thursday morning. “I think it gets in the way of—we’re leading China. We’re leading everybody, and I don’t want to do anything that’s going to get in the way of that.”

The order would have created a system in which AI companies could voluntarily submit their most advanced models to key national security agencies for testing and vetting up to 90 days prior to releasing them. Officials from multiple government departments and agencies had spent weeks negotiating over the executive order’s language, and leading AI companies had been briefed on its content. At least two of those companies, Anthropic and OpenAI, had indicated they were in favor of the voluntary vetting system.

David Sacks, Elon Musk, and Mark Zuckerberg led last-minute push

The executive order was under consideration following the debut of Anthropic’s Mythos model, which possesses unprecedented cyber capabilities. The AI company has voluntarily limited Mythos’ release out of concern that those capabilities, if widely shared, could help hackers to launch devastating cyber attacks against critical infrastructure.

But David Sacks, the Silicon Valley venture capitalist who stepped down in late March as Trump’s AI and crypto czar, successfully mounted a last-ditch lobbying effort to derail the order’s signing. Sacks called Trump on Thursday to express his concerns, according to press accounts. The campaign also included similar calls to Trump from Elon Musk and Mark Zuckerberg, both of whom are developing advanced AI models. There were also, reportedly, efforts to convince members of Vice President JD Vance’s staff to voice concerns about the order with Trump.

Sacks is a prominent AI “accelerationist” who believes that any federal regulation will harm U.S innovation, hurt the business interests of U.S. technology companies, and delay the country from experiencing the many benefits he believes AI will bring. He also sees the U.S. as being in a potentially existential race with China to develop advanced AI capabilities, and believes that regulation will result in the U.S. falling behind in this geopolitical contest.

Although no longer officially serving as Trump’s AI advisor, Sacks continues to wield influence on the administration’s AI policy. Earlier this week, according to news reports, he attended official briefings on the executive order. At the time, he reportedly indicated he would not oppose the voluntary model testing framework.

But, according to a story in Politico, Sacks later told Trump that he feared the voluntary vetting would act as a de facto licensing regime, slowing down AI companies’ releases of new AI models. He also worried, Politico reported, that a future administration might easily turn the voluntary procedure into a mandatory one.

Trump’s decision to postpone signing the order leaves U.S. AI policy in a strange place both in terms of policy and politics. AI regulation is an issue which splits Trump’s base. Trump came into office supported by a cadre of “move fast and break things” Silicon Valley billionaires, including Sacks and Musk. They have expressed admiration for the president for tearing down what they see as unnecessary red tape and bureaucracy, and for embracing crypto currency. Zuckerberg, who was a critic of Trump during his first term as president, has in the past year emerged as a vocal supporter.

Americans, largely, want some AI regulation

Prior to Trump’s decision to pull out of signing the executive order, many in Washington thought the order was a done deal and that the forces opposing the approach were in retreat. Poll after poll indicates that the majority of Americans—including a majority of Republicans—are fearful about AI’s impact on jobs and its potential negative impacts on education and children’s mental health. Many oppose the construction of data centers near them. And many religious Christians are deeply suspicious of AI, viewing the technology as a kind of “false god,” equivalent to idolatry. 

Former Trump advisor Steve Bannon, for instance, was among more than 60 MAGA loyalists who earlier this week signed an open letter to Trump urging him to test and approve powerful AI models before they are released. The letter was organized by Humans First, a conservative group whose tagline is “technology should serve humans…not replace them.”

A poll of Republican voters released today by the Future of Life Institute, an AI safety group concerned with AI’s potential existential risk to humanity, found that 79% were in favor of the government testing AI models before they are released to ensure they are safe, and that 87% favored the government having the power to block the release of AI models that pose a national security threat.

“Our image and the stereotype is that Republicans are against regulation,” Michael Kleinman, head of U.S. policy for the Future of Life Institute, told Fortune. “But what we are finding instead is when people see a technology that has direct and often incredibly negative impact on their lives, their kids, and their communities, they want the government to step in and put in place common sense guardrails.”

U.S. policy remains fragmented on advanced AI models like Mythos

Kleinman said that while Sacks and the Silicon Valley faction of Trump’s base have prevailed for now, public opinion and the trends in AI development were against them. “Public opinion is solidifying on both the left and the right,” he said. “Mythos won’t be the last model that these companies release that will pose significant national security threats—it is the first such model. So the pressure is only going to continue to build for the government to take common sense action.”

The Trump administration is, for the moment, continuing to exercise a kind of ad hoc licensing process for just that one AI model, Anthropic’s Mythos. Anthropic has shared the model with the U.S. government and, under what Anthropic calls Project Glasswing, with a select handful of U.S. technology companies and financial institutions who make software that underpins much of the internet and other critical infrastructure. But the White House, according to press reports, blocked Anthropic from expanding the number of companies with access to Mythos due to national security concerns.

Meanwhile, OpenAI has created an AI model, GPT-5.5, that—according to OpenAI’s own testing and that carried out by the U.K. government’s AI Security Institute—is almost as capable as Mythos. OpenAI has released the model only to partners in a “trusted access” program, although the program is less limited than Anthropic’s Glasswing. The U.S. government has not applied the same scrutiny to the expansion of OpenAI’s trusted access program for GPT-5.5 as it has to Glasswing.

A number of AI companies also voluntarily share their most advanced AI models with the Center for AI Standards and Innovation (CAISI), which evaluates them for some potential risks. But CAISI is part of the Department of Commerce and its experts do not necessarily have access to classified information to help them assess the risks AI models pose, or the expertise in advanced cyber security methods that parts of the U.S. national security establishment have.

The discussion over the now-postponed executive order, according to a story in The Washington Post, involved heated wrangling between different branches of the U.S. government over who should be in charge of testing and approving AI models. The Commerce Department wanted to hold on to its leadership on model evaluation with the CAISI, but the U.S. intelligence community was also vying for responsibility. Meanwhile, it is Treasury Secretary Scott Bessent who has been leading much of the administration’s response to Mythos so far.

There were also disputes between factions of Trump advisors. Kevin Hassett, the director of the National Economic Council, suggested last week that the administration would set up a licensing system similar to how the Food and Drug Administration reviews testing of drugs before approving them for sale. That brought a rebuke on social media from White House Chief of Staff Susie Wiles, who said the president was not “in the business of picking winners and losers.”

Grab CTO Suthen Paradatheth on how using his competitors’ robots ‘keeps us on our toes’



On May 20, Grab announced that one of its robots, named Carri, will start deliveries in Singapore’s Punggol district, the city-state’s hub for testing robotic services. 

But Carri has already been plying the corridors of Grab’s Singapore headquarters, says chief technology officer Suthen Paradatheth. And Carri’s not alone. “We don’t oblige our business units to just use our robots,” Paradatheth told Fortune during an interview on the sidelines of the Asia Tech (ATx) summit. “If you go to the Grab office now, you’ll see robots from other companies as well. We use a 1+n strategy which keeps us on our toes.”

Paradatheth has been involved with Grab from almost the very beginning, before the company even got its name. He joined the firm, then a Malaysia-based ride-hailing outfit called MyTeksi, as a part-time consultant after a mutual friend introduced him to its founders, Anthony Tan and Tan Hooi Ling. 

“Our mission was to make taxis safer in Kuala Lumpur,” Paradatheth explained. “Ling told me a story of starting a call with her mom whenever she rode home at night; even if they didn’t speak, it was a way to make sure the driver knew she was being monitored by someone.” The anecdote hit home for Paradatheth, whose own sister had similarly recounted feeling unsafe while riding taxis. “I saw a very real problem to get involved in,” he said.

Paradatheth joined full-time in 2015 and followed the company to Singapore, where it rebranded to Grab. He then moved through roles including chief of staff and head of engineering at Grab’s Singapore research and development center, before being appointed as CTO in 2022.

“A lot of folks have grown with the company, just like me,” he said. “Many of the senior leaders in the company are people who were with me during the 2012 storeroom days; they came as interns and are now heads of engineering.”

Building a Southeast Asian tech empire

Grab, No. 128 on Fortune’s Southeast Asia 500 list, reported $2.8 billion in revenue last year, up from just $469 million in 2020. 

Paradatheth credits the global rise of smartphone ownership for Grab’s growth, but he remembers a time when the device wasn’t quite so ubiquitous. “Back in 2012, smartphones were still a thing that only early adopters were buying.”

Grab decided to give its drivers a basic smartphone, a Samsung Galaxy Y, so they could access the app. Drivers could pay for the phone via installments or through a cut of their earnings. 

“In Southeast Asia, we’re working under pretty tight economic constraints, with most markets being emerging markets,” Paradatheth said. “And so engineering for that—both in terms of optimizing for what the customer has and what they can use, and making sure we’re constantly able to drive down costs—have been things we’ve invested in from those early days.”

Grab’s app has expanded far beyond ride-hailing to include digital payments, insurance, and delivery. It also developed its own mapping service, GrabMaps, weaning itself off third-party mapping solutions like Google Maps. 

“We found that third-party mapping providers just didn’t have the coverage we wanted,” Paradatheth explained. “For example, the small side roads which our two-wheel riders on motorcycle taxis use weren’t really captured in third-party maps.”

‘AI first, with heart’

Grab has embedded over 1,000 AI models into its platforms, and leaders claim they’re guided by the principle “AI first, with heart.”

“It’s about harnessing the AI inflection to create customer value,” Paradatheth says.

He points to Grab’s AI-powered translation models, which it built to provide in-app translation for Southeast Asia’s languages, as an example of the firm’s attempts at harnessing the technology. He said the tool is at least 90% accurate, and can even capture informal contractions and “SMS speak”. (The firm now operates in eight markets across Southeast Asia and may soon enter Taiwan, after paying $600 million to acquire Foodpanda’s local business in March.)

“Southeast Asia, in particular, has layers of locality,” he said. “There are thousands of languages, but also lots of tourists from China, Japan and South Korea who come to visit, and often, English isn’t their primary language.” 

Grab is also working to strengthen AI literacy and adoption in the markets it operates in. The platform will launch a program for small- and medium-sized enterprises in its home market of Singapore, hoping to encourage AI adoption across 10,000 food and beverage, e-commerce, and retail firms.

Still, Grab’s push towards AI is worrying some who rely on the platform for their income. The platform is making a big push towards automated driving, investing in several self-driving vehicle startups and launching a robobus in Singapore.

“We are living in a world where humans who don’t embrace AI will very likely be displaced. This is not a dystopian future, folks, it is a reality we must confront today,” said Grab CEO Anthony Tan during the firm’s flagship event in Jakarta in April.

Paradatheth swears that humans will remain at the heart of all Grab’s operations. “We don’t see our autonomous vehicles or delivery robots as substitutes for people,” he said. “We see them as complementary to what our driver partners already do.”

Looking forward, he wants Grab to become a global leader in urban embodied AI. “There’s an opportunity to provide all kinds of optimization—to make journeys smoother, and living in cities more enjoyable and fun.”

FutureCard Shutting Down – Danny the Deal Guru


FutureCard Shutting Down

🔄️ Update (May 22, 2026) – Another email has gone out saying “We’re sad to share that the Future app and web app will no longer be available after the end of May, as we continue working to find a path forward for Future.” (HT: DoC)

Original article (Mar 23, 2026)

FutureCard has is shutting down, or at least it looks like it is. They sent out emails to members today notifying them then current accounts will be closed on April 23, 2026 as they transition to a new banking partner.

They are encouraging members to transfer or withdraw balances and claim any outstanding rewards before the closure date. Unclaimed rewards will be forfeited, but they will refund balances and prorates prepaid subscriptions. 

 

Thank you for being a valued member of the Future community. Future is changing how we deliver value to members like you, with an enduring commitment to boost your spending power without debt.

We are in the process of transitioning to a new banking partner. As part of this transition, the current FutureCard Visa Debit Card issued by Piermont Bank and your Future checking account at Piermont Bank will be closed on April 23, 2026. Stay tuned for details on FutureCard’s next chapter.

We know our members rely on their FutureCard for everyday spending and we apologize for any inconvenience this may cause.

You can continue using your FutureCard and checking account until April 23, 2026. After this date, your account will be closed. After April 23, 2026, all direct deposits, ACH transfers, and bill payments will be rejected and returned to the originating financial institution.

Please start making arrangements to update your direct deposit and any bills or recurring payments that you currently pay with your FutureCard or checking account. For security, we kindly ask that you dispose of or destroy your FutureCard after April 23, 2026. Please note that pursuant to Future’s Rewards Terms and Conditions, all rewards will cease to be earned as of April 23, 2026. Please claim any outstanding rewards before April 23, 2026. Any unclaimed rewards will be forfeited. Annual prepaid FuturePass subscriptions will be refunded at a prorated amount. In addition, pursuant to your deposit agreement with Future, interest will cease to accrue on your account as of March 23, 2026.

We encourage you to transfer or withdrawal your balance before the closure date. Should you have a balance in excess of $1.00 in your account on April 23, 2026, those funds will be returned to you via transfer to your linked bank or via a paper check sent to the address on file. Please ensure you update your address and/or linked bank account, if necessary.

Our support team will be available during this transition period to address any questions you may have. Just reply to this email or reach out to us via secure messaging in the Future app.

Please watch this space for updates on the transition and Future’s next chapter

Thank you for being part of the Future community.

Grade 12: Finance | Everything you need to know



Timestamp
00:00 – Intro
⏱️ Section 1: Interest Calculations
🟣 Simple Interest
02:13 – Determining the Accumulated Amount (3 min)
05:09 – Determining the Principal Amount (2 min)
07:23 – Determining the Interest Rate (2 min)
09:49 – Determining the Number of Years (3 min)
🟣 Nominal and Effective Interest Rates
12:49 – Nominal and Effective Rate Notes (2 min)
14:43 – Nominal and Effective Rate: Example (9 min)
🟣 Compound Interest
23:33 – Determining the Accumulated Amount (4 min)
27:10 – Determining the Principal Amount (3 min)
29:48 – Determining the Number of Years (4 min)
34:08 – Determining the Accumulated Interest Rate (4 min)
🟣 Depreciation
38:07 – Straight-Line Depreciation (4 min)
42:36 – Reducing-Balance Depreciation (6 min)
⏱️ Section 2: Value Over Time
🟣 Future Value
48:59 – Determining the Future Value (7 min)
55:37 – Future Value with Immediate Deposits (5 min)
01:00:30 – Determining Monthly Payments (5 min)
🟣 Sinking Funds
01:05:00 – Sinking Funds (14 min)
🟣 Present Value
01:18:56 – Determining the Present Value (8 min)
01:27:06 – Determining Monthly Payments (7 min)
🟣 Outstanding Balance
01:34:00 – How to Calculate Outstanding Balance (12 min)

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A New Bill Proposes Tax-Free Savings for Homeownership—Here’s How It Could Help Prospective Investors


In the quest to boost homeownership, a new bill has been floated that could gain enough bipartisan support to take flight: a tax-free homeownership savings account. For potential investors, should the bill pass, it offers a low barrier to entry to begin their investing careers.

Targeting First-Time Homebuyers, but It Helps Newbie Investors Too

Representative Haley Stevens (D-Mich.) has just introduced the Homeownership Savings Act (H.R. 9709), which aims to help first-time homebuyers save for a down payment and closing costs. Eligible buyers could deduct their contributions from taxable income (within set limits) and withdraw them tax-free, as long as they are used for qualified home purchase expenses such as down payments and closing costs, Newsweek reports.

Using the Program to Buy a Small Multifamily Home

Of particular interest to potential real estate investors is the likelihood that the program will extend to small owner-occupied multifamily buildings (two-to-four-family), allowing first-time homebuyers to house hack and have their tenants’ rental income cover the mortgage while they save enough money to buy property No. 2.

Although the act applies only to first-time homebuyers, not second or third properties, it could be an invaluable first step toward starting an investment career and benefiting from rental income, depreciation, and other tax breaks that owning an investment property offers.

“The Homeownership Savings Act addresses a real barrier by allowing first-time buyers to save in a tax-advantaged account specifically earmarked for a down payment, which could meaningfully shorten the savings timeline for moderate-income households who are otherwise competing against rising prices and high rates,” Hannah Jones, senior economic research analyst at Realtor.com, told Newsweek.

How the Bill Would Actually Work

The bill would enable first-time homebuyers to save money in a dedicated account for homebuying expenses only. They would be able to deduct contributions from their taxable income, provided they adhere to the annual limits.

Savings would then be able to grow tax-free, as with other tax-free accounts, such as Roth IRAs or 529 college saving plans. Borrowers can withdraw funds tax-free when they are used specifically for home purchase costs.

What Are the Limits on Saving?

Per the Newsweek article, the lifetime contribution is $40,000 per buyer. The annual tax-deductible contributions vary by filing status: $3,000 for married couples filing jointly and $2,500 for head of household. For single filers, the limit is $2,000. 

The bill also allows employer contributions, potentially shortening the savings timeline for eligible workers. But the limits are still low—more on that later.

Who Qualifies?

Qualification is targeted toward first-time buyers with limited incomes. All funds must be used for first-time home purchases and cannot be repeated for additional homes.

Although the savings limits are low, for potential investors, combining this with an FHA loan, which requires a 3.5% down payment (or a 3% down payment), and then bolstering it with rental income from tenants means there is a low-cost path to buying a first investment property. However, this is only likely to work in very affordable housing markets.

“With home prices up 60% nationwide between 2019 and 2025, it is increasingly difficult for young families to achieve the dream of homeownership,” Stevens’ office said in a press release.

The Affordability Conundrum

While the sentiments behind the plan are valid, the numbers are woefully off. At a savings rate of $2,000-$3,000 a year, potential homebuyers enrolled in the plan will likely never catch up to rising home prices.

Drew Powers, founder of Illinois-based Powers Financial Group, told Newsweek:

“This does nothing to address affordability, which is the real issue in housing. The current median new home price is nearly $400,000. After saving $3,000 per year to a $40,000 cap, a decade has passed, and the saver would have barely a 10% down payment on today’s prices, let alone what home prices will be 10 years later.”

Despite the obvious drawbacks, Newsweek reports that several industry groups, including the Mortgage Bankers Association, the Michigan Bankers Association, and the Community Economic Development Association of Michigan, have voiced their support.

As H.R. 8709 is still in the early stages of the legislative process, Newsweek contends that modifications to savings limits are likely. This could work alongside the White House initiative to allow would-be homebuyers to use their 401(k)s as down payments, thereby increasing the down payment amount.

Down Payment-Saving Strategies

Assuming that a would-be homebuyer requires 3% for a down payment and 2%-5% for closing costs and other fees and wishes to achieve their goal of saving $30,000 in three years, The Wall Street Journal calculates potential buyers would need to save $830/month. Multiple strategies working together will help buyers reach that target faster.

Cut down on housing expenses

If lowering your housing costs seems like an oxymoron, in the current climate, it’s not as outlandish as it sounds, but it might mean some inconvenience.

Living with roommates or moving back in with parents are tried-and-true ways to lower housing costs. Other methods include remote working and living in an affordable country as a digital nomad. That is also a savvy way to jump-start your real estate investing career, should you stay overseas and continue to acquire investment properties, deducting taxes and renovation costs in the process.

Forgo luxuries

Extra Starbucks runs, DoorDash, eating out, travel, and streaming subscriptions all add up. Forgoing luxuries to reach your investment goal will be more than worth it in the long run.

Use side hustles and gifts

A 2026 guide from AmeriSave mentions that strategic side hustles, such as Uber/Lyft driving, dog walking (which can net six figures in some cities), tutoring, and many more, can contribute to sizable additional income. AmeriSave also mentions websites such as Zola and Honeyfund, where friends and family can contribute financially to wedding registries, baby showers, and milestone birthdays.

Final Thoughts

While readers and viewers of BiggerPockets are used to hearing about investors talking blithely about the number of doors they own, it’s always worth remembering that they started somewhere. That’s unless they were handed an investment portfolio by their parents, which usually started with an owner-occupied home they later used as an investment property or a small multifamily home they house-hacked.

Getting to that all-important first home and having it pay for itself is an invaluable first step toward freeing you from a housing obligation that financially strangles most Americans. That’s why incorporating any savings strategy that helps you buy your first small multifamily building is something worth taking seriously.

Exclusive-US House Foreign Affairs Committee Chair warns of China role in Argentina contract bid




Exclusive-US House Foreign Affairs Committee Chair warns of China role in Argentina contract bid

British Airways To Increase Cash Portion Of Award Flights


British Airways as sent out an e-mail to inform users that on May 27, 2026 the price of award flights will increase, but only the cash portion. Flights booked before this date won’t have the new fees applied. They provide some examples here. 

British Airways seems to be being careful to not call these increases fuel surcharges so I wouldn’t expect these ever to go back down even if the reason for increasing them in rising fuel costs. British Airways surcharges are already notoriously high and the above examples are an increase of 10-30% of what they currently are. Hard to even call these reward flights anymore with the additional fees being charged. 

National Bank ramps up broker strategy with TMG and DLC partnerships




Canada’s sixth-largest bank is deepening its broker-channel presence with a national rollout of its prime mortgage products through partnerships with Canada’s three largest broker networks.

Here Are 7 Important Things Investors Learned from SpaceX’s S-1 Filing


SpaceX, the aerospace and artificial intelligence (AI) company founded by Elon Musk, recently filed its S-1 prospectus ahead of its eagerly anticipated IPO. Let’s review seven of the most important facts and figures from that filing — and if they make SpaceX and IPO to embrace or avoid.

1. SpaceX’s growth is cooling, and it’s racking up steep losses

In 2025, SpaceX’s revenue rose 33% to $18.67 billion. But in the first quarter of 2026, its revenue only grew 15% year over year to $4.69 billion.

SpaceX generated a net profit of $791 million in 2025. Still, it posted a net loss of $4.94 billion in 2026 after it recast its financial results to reflect its acquisition of xAI — which owns X (formerly known as Twitter) and the Grok AI platform — this February.

Image source: Getty Images.

2. SpaceX is still mostly Starlink

SpaceX’s connectivity business, which houses its Starlink satellite business, accounted for 61% of its 2025 revenue and 69% of its revenue in the first quarter of 2026. The segment’s revenue rose 50% in 2025 and 57% year over year in the first quarter of 2026, but its average monthly revenue per user (ARPU) dropped from $81 at the end of 2025 to $66 in the first quarter.

On the bright side, Starlink’s growing subscriber base, which reached 10.3 million in the first quarter — along with a 59% reduction in the manufacturing costs of its terminals in 2025 — kept the connectivity segment firmly profitable.

But that segment is still SpaceX’s only profitable business: it generated an operating profit of $4.42 billion in 2025, but that was more than offset by the space segment’s operating loss of $657 million and the AI segment’s operating loss of $6.36 billion.

In the first quarter of 2026, the connectivity segment generated an operating profit of $1.19 billion — but that was erased again by the space segment’s operating loss of $619 million and the AI segment’s operating loss of $2.47 billion. Therefore, investors should expect its satellite business to continue to subsidize its Falcon rocket launches and AI expansion for the foreseeable future.

3. The AI business will remain a money pit

SpaceX plans to keep ramping up its AI infrastructure spending. Meanwhile, X’s higher-margin advertising revenue declined by $100 million year over year — which puts more pressure on the social media subsidiary to expand its paid subscriptions. In other words, the AI business will likely remain a money pit and the company’s weakest link.

4. SpaceX is paying Tesla a lot of money

In 2025, SpaceX spent $131 million on Tesla‘s (TSLA +1.94%) Cybertrucks. It also spent $697 million on Tesla’s battery energy storage systems throughout 2024 and 2025.

Those deals raise a few eyebrows, since Musk controls both companies. The Cybertruck purchases also occurred right after a series of safety-related recalls hit the popular pickup.

Tesla Stock Quote

Today’s Change

(1.94%) $8.12

Current Price

$425.97

5. It plans to put data centers in space

SpaceX plans to put data centers in space as early as 2028. Those orbital data centers would initially be more expensive to build than terrestrial data centers, but they would be cheaper to operate because they use solar power. Those efforts will further squeeze its near-term margins, but they might eventually pay off as more companies start using orbital data centers.

6. A $28.5 trillion addressable market

SpaceX claims it has a total addressable market of $28.5 trillion — including a $22.7 trillion enterprise applications market, a $2.4 trillion AI infrastructure market, an $870 billion market for Starlink’s broadband business, a $740 billion market for Starlink’s mobile business, a $600 billion digital advertising business, and other nascent markets.

7. Its IPO could be too hot to handle

SpaceX reportedly wants to raise about $75 billion and seek a valuation of up to $2 trillion, making it the largest IPO in history. But at that market cap, it would trade at 107 times its trailing sales. That’s a meme stock valuation for a company with slowing sales growth, steep losses, and aggressive AI spending plans.

I expect Musk’s involvement and the market hype to initially drive SpaceX’s stock higher. Still, it will inevitably pull back when investors take a closer look at its wobbly business model. It’s less of a space exploration company and more of a satellite communications company that is propping up a deeply unprofitable AI and social networking company. So while SpaceX’s IPO will make Musk much richer, it could burn retail investors who chase its initial gains.

5 Best books 📚 on Crypto Trading || cryptocurrency #books #shorts



5 Best books 📚 on Crypto Trading
5)
4)
3)
2)
1)

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#books #bestbooks #readertheleader
#topbooks #digitalmoney #cryptotrading #cryptocurrency
#trading #market #sharemarket #stockexhange

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