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SpaceX is getting the Wall Street treatment. Following its seventy-five billion dollar IPO in June, major brokerages have now initiated coverage, with most analysts coming in bullish. The consensus seems to be that the rocket company still has room to run, though post-IPO enthusiasm always deserves a second look.
Meanwhile, the AI investment story is getting more complicated. Record earnings from infrastructure players are running headfirst into concerns about slowing AI spending and rising competition. Investors who rode that trade hard over the past two years are now pausing to ask whether the boom was pricing in a future that's arriving more slowly than expected.
And yet capital keeps flowing into the space. AI legal startup Norm just closed a one hundred twenty million dollar Series C led by Khosla Ventures, pushing its valuation to one point two billion dollars. It's a reminder that even as the broader AI trade cools, targeted bets on vertical applications — law, in this case — are still attracting serious money.
That's the picture today: markets recalibrating, but the deals keep coming. Keep surfing. Tech Beat out.
