Google’s Seeking $40 Billion More To Fund AI; The Adults (MorningStar) Cut SpaceX, $2 Trillion IPO Valuation By Over Half; SoftBank Overtakes Toyota As Most Valuable Japanese Company; and Do We All Ju
- Dipo Owolabi
- Jun 3
- 4 min read
The AI arms race is demanding ever-larger sums of capital. Alphabet is reportedly seeking up to $80 billion to fund its AI expansion with support from Berkshire Hathaway, while a new valuation has sparked debate over how much SpaceX is really worth ahead of a potential IPO. In Japan, SoftBank has overtaken Toyota to become the country's most valuable listed company as investors double down on AI exposure, and Anthropic is expanding its cybersecurity-focused Mythos program to organizations across 15 countries. All this and more in today's Read It And Eat! |
Markets as of 2nd June 2026.. Cells in RED mean that the value is down, cells in Green mean the value is up.
MAJOR HEADLINES
Alphabet Seeks $80 Billion For AI Expansion With Berkshire Already Committing $10 Billion
Alphabet is reportedly seeking to raise as much as $80 billion through an equity sale to fund its rapidly expanding artificial intelligence ambitions, according to Reuters. The fundraising effort would rank among the largest capital raises ever tied to AI infrastructure, with Berkshire Hathaway already committing $10 billion to the offering. The proceeds are expected to help finance massive investments in data centers, advanced AI chips, cloud infrastructure, and next-generation AI models as Alphabet races to compete with rivals including OpenAI, Microsoft, Anthropic, and Meta.
The move comes as technology companies pour unprecedented amounts of capital into AI infrastructure to secure computing capacity and maintain leadership in the sector. Industry estimates suggest that the world's largest AI developers are collectively spending hundreds of billions of dollars on servers, semiconductors, energy infrastructure, and data centers. Berkshire's participation also signals growing confidence among long-term investors that AI will remain one of the most transformative growth opportunities of the coming decade.
The deal is particularly notable for Berkshire Hathaway, as it would rank among the conglomerate's largest investments in recent years under CEO Greg Abel. It comes just days after Berkshire agreed to acquire U.S. homebuilder Taylor Morrison in a $6.8 billion cash deal (valued at approximately $8.5 billion including debt), one of the first major acquisitions of the post-Warren Buffett era. Together, the Taylor Morrison acquisition and the $10 billion Alphabet commitment demonstrate Abel's willingness to deploy Berkshire's massive cash reserves into both traditional industries and the rapidly expanding AI economy. Reuters
Morningstar Values SpaceX At $780 Billion, Far Below IPO Expectations
SpaceX is worth approximately $780 billion according to a new valuation from Morningstar, less than half of the company's widely discussed IPO target valuation, according to Yahoo Finance. The estimate has reignited debate about how much investors should pay for one of the world's most valuable private companies as excitement around artificial intelligence and space technology continues to drive valuations higher.
SpaceX has benefited from strong growth across both its launch business and its Starlink satellite internet division, which has become one of the company's most important revenue generators. However, Morningstar's assessment suggests that public market investors may be less willing than private investors to support some of the more aggressive valuation assumptions being attached to leading technology companies.
The gap between Morningstar's estimate and SpaceX's IPO aspirations highlights broader questions surrounding the sustainability of the current AI and technology investment boom. Investors are increasingly scrutinizing whether future earnings can justify the enormous valuations being assigned to companies operating at the intersection of AI, aerospace, communications, and advanced infrastructure. Yahoo.Finance
SoftBank Group has overtaken Toyota Motor Corporation to become Japan's most valuable publicly traded company, according to Nikkei Asia. The milestone marks a dramatic turnaround for SoftBank, whose valuation has surged as investors increasingly view the company as one of the largest beneficiaries of the global artificial intelligence boom.
Much of the rally has been driven by SoftBank's growing exposure to AI through investments in companies such as OpenAI, semiconductor designer Arm, and a growing portfolio of AI infrastructure projects. Founder Masayoshi Son has aggressively repositioned the conglomerate around artificial intelligence after years of mixed performance from its technology investments.
The development underscores how AI is reshaping global equity markets and corporate rankings. For decades, Japan's largest companies were dominated by manufacturers, automakers, and industrial firms. Today, investors are increasingly rewarding companies with exposure to software, semiconductors, cloud infrastructure, and artificial intelligence technologies. Nikkei Asia
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Anthropic Expands Mythos Program To 150 Organizations Across 15 Countries
Anthropic is expanding access to its cybersecurity-focused Mythos program to 150 additional organizations across more than 15 countries, according to CNBC. The initiative leverages Anthropic's advanced AI capabilities to help organizations identify software vulnerabilities, strengthen digital defenses, and improve protection against increasingly sophisticated cyber threats.
The expansion follows strong interest from governments, infrastructure providers, technology firms, and cybersecurity organizations seeking to use AI systems to detect vulnerabilities that human researchers may miss. Anthropic has previously said its Mythos technology has uncovered thousands of previously unknown software flaws, including vulnerabilities in critical systems used globally.
The rollout reflects the growing role artificial intelligence is playing in cybersecurity as both attackers and defenders increasingly deploy advanced AI tools. Analysts expect cybersecurity to become one of the most important commercial applications of AI over the coming decade, creating a new battleground where companies such as Anthropic, OpenAI, Google, and Microsoft compete to provide the most effective digital defense systems. CNBC
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