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Tech stocks today: SpaceX reportedly targets $2 trillion valuation, Microsoft invests $10 billion in Japan
US tech stocks ended a holiday-shortened week higher. Though in Tokyo, Sakura Internet (3778.T) stock soared 20% after Microsoft announced it was investing $10 billion to build computing capacity and train 1 million engineers.
Meanwhile, anticipation continues to build around two major IPOs: one from Anthropic (ANTH.PVT), expected as early as this year, as well as the public debut of Elon Musk’s rocket company, SpaceX (SPAX.PVT). On Thursday, Bloomberg News reported that SpaceX was chasing a $2 trillion valuation.
That figure would put SpaceX’s valuation above that of Musk’s Tesla (TSLA), which had a rough week after its first quarter delivery numbers missed estimates.
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