SpaceX valued at $2 trillion goes public—Mag 7 no longer enough? MANGOS takes the spotlight

On its first day of listing, SpaceX’s valuation surged past $2 trillion, directly challenging the dominance of the Magnificent Seven (Mag 7) and prompting Wall Street to reconfigure its classification system for tech stocks. New acronyms such as 'MANGOS' have quickly emerged, aiming to include SpaceX alongside soon-to-be-public AI giants OpenAI and Anthropic.

wallstreetcn09:31

‘Tell him he’s just an XXX!’: Live meeting spirals out of control as internal 'AI rebellion' erupts at Meta

During a live all-hands meeting attended by thousands of employees, a Meta employee interrupted a presentation with profanity, directly targeting a senior AI executive. Approximately 6,500 engineers from the Applied AI division were forcibly reassigned, with their responsibilities downgraded from product development to generating test tasks. With each manager overseeing an average of about 50 employees, staff reported insufficient support, limited promotion prospects, and low visibility to leadership—frustrations that culminated in a collective outburst. CEO Zuckerberg acknowledged having 'made a mistake' and pledged to adjust the management structure to restore morale.

wallstreetcn10:16

SpaceX Stock Jumped After IPO: Here's Why It May Reverse Soon

Benzinga07:15

Mark Zuckerberg's Net Worth Crashes $31 Billion This Year, But Analysts Still Bullish on Meta

Benzinga00:21

Mark Zuckerberg Says Peter Thiel's 'Pithy Quote' Helped Him Navigate Directional Shifts In Facebook's Early Days: 'The Biggest Risk You Can Take...'

BenzingaJun 13 23:01

After Amazon, Meta has also imposed limits on AI usage! When even big tech firms can't afford tokens, should large AI model providers start 'controlling profit margins'?

Meta is grappling with spiraling internal AI usage costs, as employees aggressively consume tokens to meet performance targets, driving the company's related expenditures to several billion dollars by 2026. Faced with ballooning bills, Meta has been forced to impose usage caps and deploy real-time monitoring systems. The AI industry is shifting from a focus on capabilities to a focus on cost efficiency, placing its commercialization logic under severe scrutiny.

wallstreetcnJun 13 19:29