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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.

Crypto

Ark Invest sells large stake in spot bitcoin ETF, also trims Circle and Coinbase

Asset manager Ark Invest cut its exposure to major crypto-linked assets on Sept. 14, selling 1,528,953 shares of the ARK-21Shares spot bitcoin ETF ARKB, worth about $40 million at the close. It also sold 142,350 shares of Circle worth about $13.8 million and 36,628 shares of Coinbase for about $7 million. Ark also sold shares of BitMine Immersion Technologies and Bullish. All three main assets closed higher.