Spending soars to $34 billion! OpenAI continues aggressive cash burn ahead of IPO as the AI arms race enters an era of surging revenue alongside deepening losses.

OpenAI's preliminary financial figures for 2025 exhibit the classic pattern of 'hypergrowth coupled with hyper cash burn.'

Zhitong Finance6minutes ago

The fate of a trillion-dollar giant: SpaceX is becoming its own greatest risk

Just two days after its IPO, SpaceX’s market capitalization briefly surged past $3 trillion in after-hours trading, surpassing Microsoft, driven by a short squeeze fueled by highly concentrated retail investor capital. However, historical data offers a sobering warning: over the past 40 years, the world’s top ten companies by market cap have consistently delivered annualized returns below those of the broader market. Elon Musk’s bold claim of achieving $1 trillion in revenue by 2031 has further triggered compliance concerns regarding the IPO quiet period, making the lock-up expiration window at the end of June the true stress test for this rally.

wallstreetcn31minutes ago

Elon Musk's Net Worth Exceeds $1.3 Trillion As SpaceX Surpasses Microsoft, Amazon In Market Value

Benzinga14:03

Retail investor enthusiasm has reached unprecedented levels! SpaceX surged in after-hours trading, with its market capitalization surpassing $3 trillion, overtaking Microsoft.

Following its IPO, SpaceX became the largest magnet for retail investor capital. After surging 20% during regular trading hours, its after-hours price hit $230 amid a short squeeze, propelling its market capitalization above $3 trillion and surpassing Microsoft. Stimulated by its low float and expectations of imminent options listing, retail investors recorded staggering net buying over two days, and markets are closely watching whether a new round of gamma squeeze will be triggered tonight.

wallstreetcn13:37

Michael Burry Makes An Observation As Investors Embrace AI And SpaceX: 'Been Ridiculous For A Very Very Long Time'

Benzinga13:21

Ray Dalio: The AI bull market continues to surge—should investors go all in or take profits and exit?

Dalio's answer is diversification.

BlockBeats11:47