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AI & Enterprise

Cathie Wood says AI bull market not over, market jitters are positive signal

Cathie Wood said a bull market led by artificial intelligence has not ended despite a recent pullback in tech stocks. She said market anxiety can be a positive signal and does not mean the rally has gone off track. Wood cited AI, robotaxis and AI agents as drivers, while warning that higher capital costs could weigh on tech shares. She said she is focusing on high-conviction names and increased exposure to SpaceX.

Industry

ARK Invest says each SpaceX Starship launch could generate $700 million in annual revenue

ARK Invest said a single SpaceX Starship launch could generate more than $700 million in additional annual revenue, reflecting a business model tied to Starlink and AI services. ARK futurist Brett Winton said investors underestimate SpaceX’s revenue potential. The report cited AI-related contracts, including a 32-month deal with Alphabet and an additional contract with Anthropic, lifting estimated monthly AI service revenue to about $2.2 billion.

Crypto

Bitcoin $500,000 outlook resurfaces as investors weigh feasibility

A forecast that bitcoin could reach $500,000 by 2028 has resurfaced. Cole Kennelly, founder and CEO of Volmex Labs, projected bitcoin could surge to $500,000 within two years. That would require a sixfold, 540 percent rise from about $84,269. The call drew attention because Volmex focuses on volatility metrics, including an implied volatility index used to gauge expectations. Similar $500,000 projections have appeared before, with target dates repeatedly delayed.