Platforms Such as X and Reddit Experience Possible Outages

June 22, AI infrastructure startup Upscale AI announced it has closed a $190 million new funding round, with investors including Nvidia and Salesforce Ventures, bringing the company’s valuation to $2 billion. This round is part of Upscale AI’s Series A-1 financing, lifting the startup’s total funding raised to $500 million. Premji Invest led the deal, with participation from new investors such as Temasek and Seligman Ventures, plus follow-on investments from existing shareholders including Maverick Silicon, Mayfield, Prosperity7 Ventures, StepStone Group, and Tiger Global. Upscale AI specializes in building network infrastructure for large-scale AI clusters, focusing on solving the “compute-communication bottleneck” in AI model training and inference. The firm is developing a full-stack AI network architecture spanning chips, systems, and software, with the goal of creating an open-standard network interconnect solution tailored for large-scale AI workloads. The company noted that a

As of June 22, Bitget market data shows West Texas Intermediate (WTI) crude oil fell below $74 per barrel, posting an intraday decline of 4.22%, while Brent crude oil dropped below $77 per barrel, down 3.91% on the day. Turning to key news developments: During ongoing constructive talks in Switzerland, Iran has committed to ensuring free and unobstructed passage through the Strait of Hormuz and granting International Atomic Energy Agency (IAEA) inspectors access to its territory. Under the terms of the framework agreement, the U.S. Department of the Treasury has issued a 60-day temporary general license authorizing the production, delivery, and sale of Iranian oil.

June 22 — In a discussion focused on the semiconductor equipment and advanced packaging industry chain, Serenity stated that LPKF Laser & Electronics’ long-term valuation is projected to land between $3 billion and $5 billion. The firm is currently at a critical stage just before potential mass production, per Serenity. Serenity highlighted that LPKF has robust customer penetration in glass substrate-related process equipment, holding roughly 70% of the target market share for specific technological pathways including glass core substrate and advanced packaging processes, making it a key equipment supplier in the industry ecosystem. When evaluating the industry structure, the analysis framed LPKF alongside equipment manufacturers such as Aehr Test Systems and AIXTRON SE, categorizing these "smaller-scale, niche equipment players" as typically constrained by their total addressable market (TAM) size. It added that such firms are unlikely to grow their market capitalization beyond $20

On June 22, CNBC reported that SpaceX has signed a computing power agreement with U.S. AI startup Reflection, with the deal valued at up to $6.3 billion.

Per LookOnChain monitoring, SpaceX’s stock price plummeted more than 10% on June 22. The decline resulted in a loss of nearly $1.2 million for a prominent whale trader. The whale took a 20x-leveraged short position on SpaceX stock at an entry price of $204.65, with the total position value reaching $5.51 million. This position was liquidated when SpaceX’s stock price fell to $105.89.

On June 22, the U.S. Dollar-Japanese Yen (USD/JPY) pair logged a short-term drop of over 40 pips, falling 0.1% intraday to hit a low of 161.07.