Anthropic is now worth as much as 11 of the biggest software companies combined.
Source: Carbon Finance
Global oil inventories have fallen to 7.6 billion barrels since the Iran war began
Source: Stocks World
Stock returns since IPO
Source: Stocks World
No, AI isn't taking young people's jobs.
Age 20-24 unemployment rate dropped again last month. Now to 7.2% from 9.2% last September. Source: Ryan Detrick, CMT
Highest Paid Fund Managers 2025
Source: SensaMarket
Asset class total returns since 2011
Winners: Commodities +30.7%; Convertibles +18.7%; Nasdaq 100 +14.9%; US Small Caps +12.8% Losers: IG bonds 0%; Gold 0%; US Total bonds markets 0%; Long duration Treasuries -0.6%; Bitcoin -30.3% Source: Charlie Bilello
SpaceX’s IPO pitch might be the boldest AI bet Wall Street has ever seen.
Goldman Sachs is reportedly projecting: • SpaceX valuation target: $1.78 TRILLION • AI revenue growth: from $3.2B → $322B by 2030 • Total company revenue: from $18.7B → $474B • EBITDA: from $6.6B → $352B Let that sink in. The most shocking part? By 2030, Goldman expects SpaceX’s AI business to generate MORE than: Starlink Rockets Space operations combined Translation: SpaceX is no longer being pitched as a space company. It’s being pitched as an AI company with rockets attached. But here’s the catch: For these projections to work, Grok would need to outperform OpenAI, Google, and Anthropic in: • Coding • AI agents • Cybersecurity • Enterprise AI • Consumer chatbots That’s an enormous leap — especially for a business currently losing billions and struggling for adoption. Still, this tells us something important: Wall Street is no longer valuing companies based on what they are today. It’s valuing who could dominate AI tomorrow. The AI race is officially rewriting how trillion-dollar companies are built. And investors are willing to price in the future before it exist
Just for reference the market cap of the entire stock markets
• UK: ~$3.94 trillion • France: ~$3.45 trillion • Germany: ~$3.04 trillion Europe is becoming really poor. Source: Michel A.Arouet
