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The US July ISM Manufacturing PMI and June construction spending month-on-month rate will be released in ten minutes.

2026-08-03

The US July ISM Manufacturing PMI and June construction spending month-on-month rate will be released in ten minutes.

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2026-08-03

The Philippine peso rose to 60.948 against the US dollar, its highest level since June 24.

The Philippine peso rose to 60.948 against the US dollar, its highest level since June 24.
2026-08-03

Bernstein rates SpaceX Outperform with a $239 PT but says the valuation hinges less on rockets than on whether AI compute can move to orbit. Its model assumes about 3,600 launches a year by 2031, roughly 170,000 satellites and about 20 GW of orbital

Bernstein rates SpaceX Outperform with a $239 PT but says the valuation hinges less on rockets than on whether AI compute can move to orbit. Its model assumes about 3,600 launches a year by 2031, roughly 170,000 satellites and about 20 GW of orbital compute. The thesis: terrestrial data centers face rising constraints on power, land and cooling; if Starship achieves rapid two‑stage reusability and sharply cuts launch costs, orbit could become a compute venue. Bernstein flags new bottlenecks — chip supply, satellite thermal management, radiation hardening, communications and regulation — and notes the scale it models would demand about 2.8 mln wafers a year, or the equivalent of roughly five dedicated fabs. Conclusion: ground AI data centers remain the primary revenue stream this decade; orbital compute is a long‑dated option.
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