Data: FactSet ; Chart: Matt Phillips/Axios SpaceX jumped another 4.8% Tuesday, enabling Elon Musk's space launch/satellite services/AI/social media conglomerate to leapfrog Amazon.com in market value. - In just its first two full days of trading, SpaceX has added roughly $537 billion to push its market value to $2.659 trillion, according to FactSet data. - That puts it ahead of Amazon.com, which was valued at $2.646 trillion at Tuesday's close. Why it matters: The gain underscores the extraordinary power Musk's mastery of the stock market gives him. - Essentially, the surge in market value provides SpaceX with hundreds of billions of dollars out of thin air, which it can then use to remarkable operational advantage. Case in point:…
Data: FactSet ; Chart: Matt Phillips/Axios SpaceX jumped another 4.8% Tuesday, enabling Elon Musk's space launch/satellite services/AI/social media conglomerate to leapfrog Amazon.com in market value. - In just its first two full days of trading, SpaceX has added roughly $537 billion to push its market value to $2.659 trillion, according to FactSet data. - That puts it ahead of Amazon.com, which was valued at $2.646 trillion at Tuesday's close. Why it matters: The gain underscores the extraordinary power Musk's mastery of the stock market gives him. - Essentially, the surge in market value provides SpaceX with hundreds of billions of dollars out of thin air, which it can then use to remarkable operational advantage. Case in point:…Open
The Trump administration has made exporting American AI a key part of its plans for global AI dominance, but ad hoc policy decisions around the most advanced AI are threatening that effort. Why it matters: A flagship U.S. program designed to boost AI exports could be undermined by the very administration that created it. - "The government's willingness to arbitrarily and abruptly remove America's best models from all foreign use shows that the strategy behind the AI Export Program is no longer relevant to decision makers in the U.S. government," Dean Ball, a former AI adviser in the Trump administration, told Axios. Driving the news: The Trump administration slapped export controls on Anthropic's newest model Fable 5 due to…
The Trump administration has made exporting American AI a key part of its plans for global AI dominance, but ad hoc policy decisions around the most advanced AI are threatening that effort. Why it matters: A flagship U.S. program designed to boost AI exports could be undermined by the very administration that created it. - "The government's willingness to arbitrarily and abruptly remove America's best models from all foreign use shows that the strategy behind the AI Export Program is no longer relevant to decision makers in the U.S. government," Dean Ball, a former AI adviser in the Trump administration, told Axios. Driving the news: The Trump administration slapped export controls on Anthropic's newest model Fable 5 due to…Open
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