👉 The 5 BIGGEST Stories of the Week

Together with Starfighters Space

During this Memorial Day weekend, we honor and remember the brave men and women who gave their lives serving in the U.S. Armed Forces. For those remembering loved ones this weekend, we hope these days are filled with gratitude and meaningful memories.

Before signing off for the holiday weekend, we invite you to spend a few minutes reviewing the most important happenings in the market.

👉 Top Five Stories This Week

• Nvidia Says the AI Boom Is Just Getting Started

• Inside SpaceX’s IPO Filing

• OpenAI Quietly Moves Toward One of the Biggest IPOs Ever

• Intuit Says Its Massive Layoffs Weren’t Caused by AI

• Iran-U.S. Negotiations Intensify as Pressure Builds for a Deal

👉 Supersonic Aerospace Meets the Future of Space Launch

Access to space is becoming one of the most strategically important industries of the next decade — and companies developing faster, more flexible launch infrastructure are positioning themselves at the forefront of that transformation.

Starfighters Space operates a fleet of supersonic F-104 Starfighters and is the only commercial company in the world currently capable of sustained MACH 2 flight while developing air-launch capabilities for space payload deployment.

The company’s operations span hypersonic testing, aerospace research, pilot and astronaut training, and next-generation launch systems designed to support the rapidly growing commercial space economy.

Based at Kennedy Space Center in Florida, Starfighters Space is working alongside some of the largest names in aerospace and defense as demand for satellite deployment, hypersonic technologies, and advanced national security infrastructure continues to expand.

• Nvidia Says the AI Boom Is Just Getting Started

Nvidia once again delivered massive numbers in their earnings report, with revenue soaring 85% year-over-year to $81.6 billion and guidance pointing toward another monster quarter ahead at roughly $91 billion in expected sales. But what stood out most wasn’t just the earnings beat — it was Jensen Huang’s message that AI is now moving far beyond Big Tech hyperscalers.

Nvidia says governments, enterprises, industrial companies, and AI cloud providers are becoming the next major wave of demand for AI infrastructure. In other words, the AI buildout is no longer just about Microsoft, Amazon, Meta, and Google spending billions on data centers — it’s beginning to spread throughout the broader global economy.

Huang also emphasized that “physical AI” — robotics, autonomous systems, and automated vehicles — could become Nvidia’s next trillion-dollar opportunity over time. The company believes the world is still in the very early innings of what it calls the “largest infrastructure expansion in human history.”

At the same time, competition is clearly increasing. AMD, Broadcom, Google, Cerebras, and others are aggressively trying to take share in AI chips and infrastructure, while many hyperscalers continue building their own custom silicon internally. Investors also appear harder to impress now, with Nvidia shares barely moving despite another enormous earnings beat, a dividend increase, and an additional $80 billion share buyback authorization.

• Inside SpaceX’s IPO Filing

SpaceX officially filed for its long-awaited IPO this week, giving investors their first detailed look at Elon Musk’s empire spanning rockets, satellites, AI infrastructure, Starlink, and xAI. The company plans to trade under the ticker “SPCX” at a valuation near $2 trillion, which would make it the largest IPO in history.

The filing also reinforced just how much control Elon Musk maintains over the company. Musk owns roughly 41% of SpaceX shares and controls about 85% of the voting power through super-voting Class B shares. If SpaceX eventually reaches a $7.5 trillion valuation and hits several operational milestones — including a permanent Mars colony — Musk could earn an additional 1 billion shares through incentive packages.

Financially, the filing showed a business rapidly transforming into an AI infrastructure company. While Starlink generated roughly $4.4 billion in operating profit during 2025, xAI lost approximately $6.4 billion as the company aggressively expanded AI compute capacity. SpaceX ended Q1 with about $16 billion in cash but also roughly $60 billion in liabilities, much of which is tied to xAI and the X/Twitter merger.

One of the biggest revelations was SpaceX’s enormous AI partnership with Anthropic. Anthropic reportedly agreed to pay SpaceX roughly $1.25 billion per month through 2029 for AI compute infrastructure tied to the Colossus data center platform. That agreement alone highlights how valuable AI compute capacity has become as companies race to build out next-generation models and infrastructure.

• OpenAI Quietly Moves Toward One of the Biggest IPOs Ever

OpenAI is reportedly preparing to confidentially file for an IPO as soon as this week, setting the stage for what could become one of the largest public offerings in history. The company is currently valued at more than $850 billion in private markets and is working with Goldman Sachs and Morgan Stanley on the filing process.

The move comes as the AI arms race continues accelerating across Silicon Valley. OpenAI, Anthropic, xAI, Google, Amazon, Microsoft, and Meta are now spending hundreds of billions of dollars collectively on chips, compute infrastructure, data centers, and AI talent as they compete for dominance in the next era of technology.

At the same time, competition is becoming far more intense. Anthropic has rapidly gained momentum in enterprise AI and coding tools, reportedly surpassing $30 billion in annualized revenue while exploring a valuation near $900 billion. Meanwhile, Elon Musk’s SpaceX/xAI combination is also moving toward a public listing after filing for its own IPO this week.

Despite OpenAI’s explosive growth, investors will likely focus heavily on profitability and cash burn once financials become public. The company has raised more than $180 billion to date and continues spending aggressively to secure the compute power needed to train and run increasingly advanced AI models.

• Intuit Says Its Massive Layoffs Weren’t Caused by AI

Intuit cut roughly 17% of its workforce this week, but CEO Sasan Goodarzi pushed back hard against the growing narrative that AI is directly replacing employees. According to Goodarzi, the layoffs were primarily about simplifying the company’s structure, reducing management layers, and improving operational execution — not eliminating jobs because of artificial intelligence.

The comments come at a time when investors and employees across the tech industry are becoming increasingly concerned about AI-driven labor disruption. More than 114,000 tech layoffs have already been announced in 2026 as companies simultaneously cut headcount while dramatically increasing AI spending.

Goodarzi argued that Intuit’s business is more protected from disruption than many investors believe. He emphasized that people don’t simply buy tax software — they buy confidence, compliance, and accuracy for high-stakes financial decisions. In his view, large language models alone are not reliable enough yet to fully replace tax preparation, accounting, and business financial workflows.

At the same time, Intuit is still aggressively embracing AI internally. The company said it wants to build a faster-moving “builder culture” while integrating products like TurboTax and Credit Karma more tightly together. That reflects a broader trend happening across corporate America: companies are not necessarily replacing their entire workforce with AI overnight, but they are restructuring organizations to operate with leaner teams and higher productivity expectations.

• Iran-U.S. Negotiations Intensify as Pressure Builds for a Deal

Diplomatic efforts between the United States and Iran appear to be accelerating again, with both sides signaling that negotiations may finally be moving closer toward a potential agreement. Iranian state-linked media reported that recent U.S. proposals have “reduced the gaps” between the two sides, while President Trump said discussions were entering their “final stages.”

At the center of the negotiations are two major issues: Iran’s nuclear program and reopening shipping access through the Strait of Hormuz, one of the most important oil trade routes in the world. Oil prices remain elevated near $107 per barrel as global markets continue pricing in the risk of additional disruptions to energy supplies.

Pakistan has reportedly emerged as a key intermediary in the talks, helping facilitate communication between Washington and Tehran. At the same time, Trump continues balancing diplomacy with military pressure, warning that the U.S. is “all ready to go” if negotiations fail to produce what he called the “right answers.”

Despite the more optimistic tone, tensions remain extremely fragile. Iran’s Revolutionary Guard warned that renewed military action could trigger a much broader regional conflict, while the U.S. military continues enforcing maritime blockades and intercepting Iranian-linked vessels near the Strait of Hormuz.

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