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On June 19th, SpaceX (SPCX.O) received investment-grade credit ratings from Moodys, Fitch, and S&P Global Ratings, all with a "stable" outlook. This consensus reflects broad market confidence in SpaceXs financial stability as the company advances a costly and ambitious artificial intelligence initiative in a highly competitive market.On June 19th, S&P Global Ratings (S&P) downgraded SpaceXs (SPCX.O) credit rating to BBB. S&P believes SpaceXs launch and connectivity businesses are performing solidly, but this is offset by significant capital requirements and uncertainty surrounding its artificial intelligence business. S&P noted, "This rating does not include SpaceXs long-term plans for landing on the moon, going to Mars, building data centers in space, and constructing a large chip factory in Texas, as these plans are largely not yet quantifiable and therefore outside our rating scope. However, we note that if these plans proceed, long-term financing may be required in the future." S&P also provided a stable outlook, expecting SpaceXs adjusted leverage ratio to remain below 2.0x despite its numerous investment plans.Citigroup: The base case scenario anticipates continued normalization of cash flows under the Iran-US memorandum of understanding, with oil prices expected to trend downward over the next 6 to 12 months, reaching $60-65 per barrel by the first quarter of 2027.Intel (INTC.O) announced that it will spin off its advanced packaging business and assign a dedicated leadership team to it.Intel (INTC.O) announced the appointment of a new leader for its foundry business to accelerate research and development and manufacturing processes.

Dear ADA Crypto Fans, Mark Your Calendars for Sept. 22

Cory Russell

Sep 19, 2022 14:56

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In the cryptocurrency industry, there is growing expectation after yesterday night's merger of Ethereum (ETH-USD). There is a lot to be thrilled about for Cardano (ADA-USD) and the ADA cryptocurrency investors, in fact. This is due to Cardano's network being the next to undergo a significant upgrade.


There is now a confirmed date for the much awaited Vasil hard fork, which was previously planned for June. It's interesting that this launch has been set for September 22 by the Cardano devs. According to recent sources, this date is official. Given that this update has been delayed, which has some members of the Cardano community worried, that's wonderful for investors.


Building on the Ethereum Merge's success, it seems investors are becoming more optimistic about this update. Cardano had a spike when Ethereum successfully integrated its mainnet with its proof-of-stake Beacon Chain, although now trading slightly lower.


Maybe the Cardano development team chose September as the launch month to capitalize on the enthusiasm created by Ethereum's success. Or maybe this improvement has been put off for too long and is now ready to be implemented. In any event, there is a lot of curiosity around this hard fork.


Let's explore Cardano's plans and what they entail for investors.

Is It Time to Buy ADA Cryptocurrency?

This Vasil hard fork seems prepared to start. Similar to the Ethereum Merge, this significant improvement has undergone extensive preparation. And similar to the Ethereum merger, some ardent Cardano supporters have expressed frustration about delays.


Despite this, many believe that Cardano's decision to take its time with this significant update is beneficial. The network should benefit from the scalability improvements and possible transaction price reductions. However, if they are carried out improperly, more harm than benefit might result.


Input Output (IOG), Cardano's blockchain development lab, said that successful and thorough testing has brought them to this point. They believe they are prepared to launch, and September 22 seems like a sufficient amount of time to iron out all the details.


Cardano will undoubtedly be an intriguing token to follow from here. Although volatility may continue, I believe there may be gains for this token after a successful hard fork.

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