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The SEC has extended its review of ETFs tied to prediction market odds, pumping the brakes on financial products that would have let investors essentially bet on political races and economic indicators through traditional fund structures. Regulators appear unwilling to move quickly on an instrument that blurs the line between investing and forecasting.
Turning to the ongoing legal battle between Elon Musk and OpenAI, court filings reveal that Musk sent pointed texts to both Sam Altman and Greg Brockman warning they would become, in his words, the most hated men in America. OpenAI surfaced the messages as part of its lawsuit defense, painting a picture of a falling-out that was personal as much as it was ideological.
And in space hardware news, Blue Origin has completed thermal vacuum testing of its Blue Moon Mark One lunar lander at NASA's Johnson Space Center in Houston. The uncrewed cargo vehicle, part of the Artemis program's commercial landing strategy, successfully endured the punishing conditions of simulated deep space, a critical milestone before any mission leaves the ground.
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