Good morning and welcome to Markets Desk, your Friday market briefing.
SpaceX made history this morning, debuting on the Nasdaq under the ticker SPCX and vaulting past a two trillion dollar valuation with shares climbing to one hundred sixty five dollars. It caps a twenty four year run as a private company and stands as one of the most consequential IPO moments in market history. The Financial Times notes that traditional valuation frameworks simply don't apply here — this is a company priced on ambition at a planetary scale.
Shifting to the technology sector, Anthropic was forced to pull its newest Fable five and Mythos five AI models offline late Friday after the Commerce Department invoked national security export controls. The directive bars access not just to users abroad, but to any foreign national on American soil — including Anthropic's own non-citizen employees. The move signals Washington is tightening its grip on frontier AI distribution in ways the industry has not seen before.
And a story with real workforce implications — educators working with college students report that Generation Z may be the most AI-fluent cohort ever to enter the job market, yet they cannot find entry-level positions. Companies are replacing those roles with AI tooling before these workers ever get through the door, creating a paradox where the most prepared generation is also the most locked out.
That's the tape. Markets Desk, signing off the floor.
