| Mobile Web

All articles List

Industry

Morningstar says SpaceX valuation fair value half of IPO target, not a good entry point

Morningstar put SpaceX's fair value at about $780 billion, saying the valuation discussed in the market of $1.75 trillion is excessive as the company pursues a Nasdaq listing. It said the current IPO price is not an attractive entry point for long-term investors and that there may be chances to buy at lower prices after listing. Morningstar cited large losses, reliance on Starlink for revenue and uncertainty over xAI profitability.

Crypto

Japan monetary policy to trigger XRP surge? Community analyst says optimism has overheated

Caution is growing over expectations that a change in Japan's monetary policy will immediately trigger a sharp rise in XRP in July. XRP community analyst Eri said talk of an outsized unwinding of yen carry trades has been overstated and that the Bank of Japan's rate path has been gradual and predictable. Eri also cited liquidity constraints on the XRP Ledger and the continued dominance of USDT and USDC in international settlement flows.

Industry

Microsoft unveils next-generation quantum chip Majorana 2, targets commercial quantum computers by 2029

Microsoft has unveiled its next-generation topological quantum chip, Majorana 2, and set a goal of building a scalable quantum computer with commercial value by 2029. The company said development automation using artificial intelligence has brought forward the timeline for commercialisation significantly from prior expectations. It said Majorana 2 improves qubit reliability by about 1,000 times and can maintain quantum states for an average of 20 seconds and up to nearly 1 minute.