Ray Blanco:

SpaceX Spending on Starship Tops $15 Billion in Rush for Airline-Like Rocketry

The future of SpaceX’s most lucrative businesses as it sprints toward public ‌markets at a $1.75 trillion valuation rests largely on Starship, a towering two-stage rocket system central to Elon Musk’s ambitions to launch larger batches of Starlink satellites, carry humans to the moon and Mars, and eventually deploy ‌thousands of artificial intelligence computing satellites as an alternative to power-hungry data centers on Earth.

SpaceX has spent more than $15 billion developing Starship, according to the company’s IPO registration. That figure, which has not been previously reported, eclipses the roughly $400 million SpaceX spent developing its workhorse Falcon 9 rocket.

The company aims to begin launching its latest generation of Starlink satellites, known as V3, in the second half of 2026, according to the filing. That is likely to be on Starship, whose payload bay was tailored for the upgraded satellites and can fit up to 60 of them in a single flight.

But the challenges facing Starship are daunting. SpaceX must build the vast ground infrastructure needed to support Musk’s desired flight cadence, including fuel supplies, water systems and, for the core ship, a heat-shield capable of surviving repeated atmospheric re-entries.

Can SpaceX pull it off?

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Davis Wilson:

GOOG🚀META💥AMZN👍MSFT😐

Just this week, we heard from Alphabet, Amazon, Meta, Microsoft, and other companies shaping the future. Some stocks exploded higher. Others got crushed.

Alphabet “won” earnings season. The stock surged more than 5% after the company delivered strong results across the board. Google Cloud revenue jumped 63% year over year, driven by demand for enterprise AI tools and infrastructure.

Meta told a very different story… Despite beating on earnings and revenue, the stock dropped around 10%. The issue wasn’t the numbers. It was the spending. Meta raised its capital expenditure outlook again, now guiding up to $145 billion, but struggled to show how that investment will translate into returns.

Amazon quietly delivered strong results. Amazon Web Services revenue grew 28% to nearly $38 billion, beating expectations and marking its fastest growth in years.

Microsoft was “eh… okay". Azure grew 40%, beating expectations, and Copilot adoption climbed to over 20 million paid seats. But the market focused on something else: spending. Capital expenditures jumped nearly 50%, meaning Microsoft now expects to invest around $190 billion. That’s far above prior expectations.

Step back, and the takeaway is simple: AI spending is not slowing down. It’s accelerating. The question is no longer whether AI is real. But who actually turns it into profit.

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Greg Guenthner:

After Bitcoin’s Best Month in a Year, Analysts Weigh In on Factors for It To Break $80,000 in May

Bitcoin closed April up 11.87%, its best monthly return in 12 months, but below the historical monthly average of 12.98%. What lies ahead?

On the first day of May, bitcoin was up 2.7%, breaking the $78,000 mark, with the market cautiously optimistic, in a “wait and see” mode.

May has a 7.68% average historical return, but whether bitcoin can replicate this result and reclaim the $80,000 level hinges on several factors, including the trajectory of the war in Iran and ETF flows.

Rajiv Sawhney, head of international portfolio management at Wave Digital Assets, said that while a failure to hold $75,000 by the end of the week may mean we see retracement lower into next week, overall consolidation is likely to occur in May for now.

Sawhney said the next major catalyst is the new Fed chair, Kevin Warsh, who will set the agenda for the next FOMC meeting in June.

“Markets have repriced out any rate hikes for the year, but a rate cut is being pushed all the way back until the end of the year. If that accelerates earlier, that may bode well for risk assets,” Sawhney said.

Click the link below to read what other analysts are saying.

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