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SpaceX's long-anticipated public offering is generating serious Wall Street appetite, with demand reportedly approaching four times the available shares. That level of oversubscription signals enormous institutional confidence in Elon Musk's rocket company, though it also raises real questions about valuation and who actually gets access when the shares start trading.
Shifting from orbit to ethics, Anthropic has walked back a policy that would have quietly limited Claude's ability to assist researchers working on competing AI systems. The company reversed course after researchers pushed back publicly, and the episode is a pointed reminder that AI labs are increasingly setting rules that shape the entire research ecosystem, sometimes without much transparency about it.
Meanwhile, Fidelity is making a quiet but significant bet on how Americans think about retirement. The firm is redesigning its four-oh-one-k products to behave more like traditional pensions, offering more predictable income streams rather than leaving individuals to manage market exposure on their own. It reflects a growing recognition that the decades-long shift away from employer guarantees may have left too many people exposed.
Those are the stories shaping the day. Keep surfing. Tech Beat out.
