US Semiconductor Sector Slumps Across the Board: Broadcom Drops Nearly 16%, Micron, Arm Down Over 8%

On June 4th, Lorenzo Valente, ARK Invest’s Director of Digital Assets Research, pointed out that countless under-the-radar crypto protocols are flying under the radar in today’s market. Numerous projects have plummeted 70% to 90% from their all-time highs yet continue generating consistent fees, sustaining growth, and holding top positions in their niche sectors. Valente highlighted key examples: Aave sports a P/E ratio of roughly 9, Solana boasts a P/E of around 12 and $6 billion in free cash flow, Ethereum’s P/E sits at ~17, and Uniswap trades at an EBITDA multiple of approximately 8x. He also named projects including Avalanche, Pendle, Ethena, and Morpho, noting that had these assets been valued against 2021 VC standards, they would have been top picks for venture capital firms—yet the market is currently sleeping on them. Valente argues today’s market is fixated on chasing HYPE and NEAR (the go-to crypto trading narratives right now), but the next big winning trade could come fro

June 4 – U.S. Treasury Secretary Yellen said the Iran conflict has been "paused," according to FX168.

June 4 — Goldman Sachs is projecting SpaceX’s AI division will deliver a 100x revenue surge between 2025 and 2030, a core assumption underpinning the aerospace giant’s $1.78 trillion IPO valuation, per a new report from The Financial Times. In a forecast shared with potential IPO investors, Goldman expects SpaceX’s AI arm to generate $3.2 billion in 2025, jumping to $322 billion by 2030. The firm also forecasts SpaceX’s overall revenue will balloon from $18.7 billion last year to $474 billion by the end of the decade. SpaceX is currently in the thick of its IPO roadshow, with the offering potentially raising up to $860 billion, according to the report. SpaceX’s prospectus reveals its AI subsidiary, xAI, posted a $6.4 billion loss in 2025. But the total addressable market (TAM) for xAI is a massive $26.5 trillion—far exceeding the combined potential market of Starlink’s internet services and SpaceX’s core space business, which adds up to roughly $2 trillion, Goldman notes. The

June 4 — Bitget data shows Quantinuum opened at $70 per share in pre-market trading on its first day on the Nasdaq, higher than its $60 IPO price.

June 4 (CNBC) — Brett Winton, Chief Futurist at ARK Invest, told CNBC that SpaceX’s upcoming initial public offering (IPO) could rank among the most significant stock market debuts in history, with its satellite internet division Starlink alone supporting a valuation of nearly $2 trillion. SpaceX has priced its IPO at $135 per share, with shares set to begin trading on the NASDAQ exchange on June 12. The company’s pre-listing valuation is roughly $1.77 trillion, and it plans to sell 5.556 billion shares, raising approximately $750 billion total. Underwriters also hold an option to buy an additional 83.33 million shares at the IPO price, adding around $11.2 billion to the offering. After the IPO, Elon Musk will retain more than 82% of SpaceX’s voting control. Winton noted SpaceX’s growth extends beyond launch services—it’s closely tied to the rapid expansion of artificial intelligence (AI). ARK Invest projects that by 2030, the total enterprise value of companies developing and op

June 4 — According to Bitget data, space-related stocks in the U.S. stock market rallied broadly. The SpaceX Concept Fund (ticker: DXYZ) jumped over 8%, Redwire rose more than 15%, Virgin Galactic surged over 12%, and Planet Labs PBC gained over 4%.