Welcome to Markets Desk, let's get you caught up on what's moving the needle this hour.
SpaceX made history Friday as its initial public offering sent Elon Musk's net worth surging to one point one trillion dollars, making him the world's first trillionaire. The milestone drew immediate fire from Bernie Sanders, who called the wealth concentration a damning indictment of American economic priorities. Notably, SpaceX now sits as the eighth largest public holder of Bitcoin, with roughly one point two billion dollars worth on its books — more than Coinbase itself holds.
Shifting to the AI policy front, the Trump administration ordered Anthropic to block all foreign access to two of its most powerful models, Fable Five and Mythos Five. Anthropic complied by cutting off international access entirely rather than selectively. The move signals Washington is tightening its grip on frontier AI exports, and the tech community is watching closely to see which models or companies face restrictions next.
On the semiconductor supply chain side, Ultra Clean Holdings CFO Sheri Savage sold fourteen thousand four hundred twenty one shares on June fourth, two thousand twenty six, at a weighted average of eighty nine dollars and forty five cents per share, netting roughly one point three million dollars. Insider sales at this scale in the chip equipment space draw attention, particularly as the sector navigates ongoing export uncertainty.
That's the tape. Markets Desk, signing off the floor.
