Davis Wilson:

SpaceX IPO – Access Now OPEN

Elon Musk’s rocket company SpaceX is expected to go public June 12th with the ticker SPCX. For once, retail investors have a legitimate shot at buying shares in one of the hottest IPOs before the stock starts trading publicly.

According to SpaceX’s S-1 filing, shares in the IPO will be offered directly through platforms like Robinhood, Fidelity Investments, and Charles Schwab.

That’s a huge shift from the traditional IPO process, where Wall Street firms and their wealthy clients get first access while retail traders are forced to buy after the stock begins trading – often at much higher prices.

To be clear, getting IPO shares is not the same as buying a stock already trading on the open market. First, allocations are not guaranteed. Second, IPOs are notoriously volatile.

Still, SpaceX is one of the most anticipated IPOs in market history. Click the link below to learn how retail investors can actually participate via each broker mentioned above.

⇒ Read More Here

Greg Guenthner:

Bitcoin Dives Below $60K Following Strong Jobs Data, Zcash Crash Shaking Crypto Confidence

Bitcoin continued its recent dive on Friday, falling below the $60,000 mark for the first time since 2024.

The leading cryptocurrency by market cap was recently trading at $59,909, down about 6% on the day and 18.5% over the last week. Other top coins have taken similar hits amid a broader market decline, with Ethereum down 23% on the week at a recent price of $1,555 and Solana falling 22% in the last seven days to $63.75.

Bitcoin has now fallen more than 52% from its all-time high mark of $126,080 set last October.

Growing ETF outflows and Strategy's first Bitcoin sale since 2022 had been pegged as key reasons for the earlier-week losses. However, the latest leg down for Bitcoin and other top coins comes as strong U.S. jobs data fuels expectations of an interest rate hike, and as confidence in crypto and blockchain security has been rocked by a major vulnerability for Zcash, a privacy-centric coin.

U.S. employers added 172,000 jobs in May, about double what was expected. Traders now expect rate hikes by the end of the year, which typically doesn't benefit Bitcoin's price.

⇒ Read More Here

Chris Campbell:

Anthropic Calls for Pause of Global AI Development

Artificial intelligence company Anthropic suggested Thursday a global pause on building the most powerful AI systems as the latest models are beginning to show signs they could escape human control.

The San Francisco-based company, which makes the Claude family of AI models, said in a report that a worldwide slowdown in cutting-edge AI development would "likely be a good thing" – but warned that if only one company stopped, rivals would simply race ahead.

"We believe it would be good for the world to have the option to slow or temporarily pause frontier AI development to enable societal structures and alignment research to keep up with the advance of the technology," it said.

Getting a real pause to work would mean multiple major AI companies in multiple countries – most notably the United States and China – all agreeing to stop at the same time, under rules everyone could actually verify, Anthropic said.

The company has faced pushback from others in the industry – and officials in the White House – who say its focus on worst-case scenarios overstates the risks and amounts to a strategy for slowing rivals under the cover of safety concerns.

⇒ Read More Here