Is the AI rally dot-com 2.0 or something far more durable?
Henry Jennings (@henryj007) puts the bubble question to Loftus Peak's Alex Pollock, the answer is more nuanced than you might think...
Listen now: https://t.co/xnVKmIJfDF
@SpaceX is priced at 94x sales. That's more than twice Nvidia's P/S multiple at its 2023 AI peak – already an extreme benchmark.
The AI division spent $7.72bn in capex in Q1 2026 alone and posted a $2.47bn operating loss. The prospectus admits it may never be profitable.
The first 11 pages of the SpaceX prospectus are pictures of rockets and planets. Henry had thoughts on that last night on Money News.
https://t.co/KsIkIFHUgb
The first 11 pages of a 277-page SpaceX prospectus are pictures of rockets and planets. @henryj007 joined Money News with James Willis last night and had a few other thoughts on the $1.77 trillion valuation.
Link below to listen:
Dow hit a record high overnight, up 875 points. Broadcom fell 12.6% on weak results, dragging chips lower. ASX futures up 48. Non-farm payrolls tonight.
https://t.co/7AYR5Nn7zQ
Is the AI rally dot-com 2.0 or something far more durable?
Henry Jennings (@henryj007) puts the bubble question to Loftus Peak's Alex Pollock, the answer is more nuanced than you might think...
Listen now: https://t.co/xnVKmIJfDF
ASX 200 down 100. Resources took the worst of it. BHP, RIO and FMG all off sharply. $PDN gave back yesterday's gains, down 8.2%.
https://t.co/lxFzTVj0pR
The ASX is up 0.2% this year. The Nasdaq is up 16%. The KOSPI is up 101%.
Before you write off the ASX entirely, Henry Jennings thinks the tech sector is finally stirring - and the dogs of 2026 might be about to have their day.
https://t.co/lURwTmLT8j
US markets snapped a nine-day winning streak. $SPY down 0.74%, Dow off 620 points. Oil surging on US-Iran escalation. ASX set to open sharply lower.
https://t.co/KJq5tne7Xw
ASX 200 up 61. BHP hits another record. Uranium stocks surge on Urenco news. $PDN up 11.5%. Banks rebounded. Tech gave back some gains.
https://t.co/230MxsFDIk
US markets closed at fresh record highs. ASX set to open stronger. Copper in focus. Bitcoin sold off. Alphabet down 4% on an $80bn capital raise.
https://t.co/oqZTxQGcfP
ASX 200 fought back from 100 points down to close near flat. Tech the standout. WTC up 7.9%, XRO up 7.5%. BHP hits a new record.
https://t.co/Tr5lm0Xbza
US markets pushed to fresh all-time highs. Nvidia leading tech higher on a new PC chip. ASX opens lower despite the overnight strength.
https://t.co/pwPTAVF0vd
US markets at fresh record highs. S&P 500 on a nine-week winning streak. ASX opens quietly lower. Here's what to watch today.
https://t.co/AseztO1I65