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Real-time News
On August 13th, SpaceX (SPCX.O) shares surged nearly 12% intraday. This rise was driven by a Morgan Stanley research report, which argued that the public market significantly undervalued SpaceXs artificial intelligence enterprise platform. Investors are increasingly viewing SpaceX not just as an aerospace and satellite hardware company, but as a vertically integrated technology giant with its own data, global network infrastructure, and cutting-edge AI models. Morgan Stanley analyst Adam Jonas stated that SpaceXs recent AI offerings demonstrate a broader software ecosystem, with GrokBot being early evidence of this platform. This platform combines unique real-time data, vertically integrated computing power, connectivity, and intelligence—values not yet fully priced into the market. The report points out that SpaceX possesses two structural advantages: a real-time data pipeline from telemetry data from the X and Starlink satellite networks; and a "real-world" moat combining low-cost computing power with a global communication network. Musk previously stated that Grok 4.7 will surpass all current models, citing SpaceXs unique and powerful training data as giving it an advantage in real-world engineering capabilities.Market news: Minouch Shafiq, former deputy governor of the Bank of England and director of the International Monetary Fund, has stepped down as chief economic advisor to the British Prime Minister.U.S. Central Command: As of August 12 local time, the U.S. military has forced 59 merchant ships to change course, rendered 3 ships inoperable, and boarded and inspected 2 ships.According to CBC News: Canada and the United States are not yet ready to reach a tariff agreement, and Canada is dissatisfied with the latest U.S. proposal.Irans Persian Gulf Straits Authority: US officials have claimed and repeatedly announced that the Strait of Hormuz is no longer blocked, but these claims do not change the reality: the Strait of Hormuz remains closed and will not reopen unless Irans conditions are accepted.
