The iShares Biotechnology ETF (IBB) is one of the largest and most well-established exchange-traded funds focused on the U.S. biotechnology sector.
The ETF seeks to track an index that includes U.S.-listed equities in the biotechnology sector.
IBB currently has 247 holdings and about $10.6 billion in net assets. The top 10 holdings account for 47.01% of the fund’s net assets.
Unlike equal-weighted biotech funds (such as XBI), IBB tilts heavily toward profitable, revenue-generating large-cap companies. This generally makes IBB less volatile than small-cap-heavy alternatives.
SpaceX has secured over $8.1 billion in U.S. Pentagon contracts so far this year.
A large portion of these awards is tied to the U.S. military's next-generation Golden Dome missile defense initiative and space-based sensing systems.
Here are the major Pentagon contracts awarded to SpaceX:
• $4.16 Billion: This contract is awarded to develop and build the Space-Based Airborne Moving Target Indicator (ABMTI) satellite network for tracking airborne combat and radar threats.
• $2.29 Billion: A $2.29 billion contract is awarded for the Space Data Network Backbone, establishing a secure satellite communications network linking missile-warning sensors directly with missile interceptors.
• $1.60 Billion: This $1.60 billion contract has been given under U.S. Space Force task order (under Phase 3 Lane 1) for 18 Falcon 9 rocket launches carrying national security and threat-tracking payloads through 2027. $SPCX $SPCX .US
BREAKING: SpaceX and AST SpaceMobile have both expressed interest in acquiring or leasing an 800 MHz spectrum portfolio valued at approximately $6 billion, according to reports from Bloomberg.
The licenses are controlled by private equity firm Grain Management LLC.
The portfolio consists of 800 MHz low-band licenses (specifically 817–824 MHz uplink and 862–869 MHz downlink) covering 3,224 U.S. counties.
Low-band airwaves travel long distances and easily penetrate structures, making them prime real estate for direct-to-cell (satellite-to-phone) connectivity.
The 800 MHz-band licenses became available after Grain completed a spectrum swap this month with T-Mobile US Inc.
The terms of that transaction, approved by the Federal Communications Commission, call for Grain to seek bids to develop the spectrum, which has been underutilized, according to the commission’s order.
The commission has said it wants the bidding done by November 5. $SPCX $SPCXB $SPCX .US
$XAU BREAKING: Gold hits $4,600, marking a 13-week high amid bond-market jitters. Gold prices are now up 13.6% in August and on track for their best month since September 1999.
BREAKING: Anthropic could publicly file IPO paperwork as soon as this month.
According to Bloomberg, the AI startup is angling to match or surpass SpaceX's record-setting $75 billion June IPO.
Anthropic is preparing to publicly file paperwork for its initial public offering (IPO) as early as the end of the month.
Anthropic saw revenue of $11.5 billion in its latest quarter, up 14x versus the same quarter last year.
The AI startup raised $65 billion at a valuation of $965 billion during its May funding round. In March, OpenAI announced it raised $122 billion at an $852 billion valuation.
Anthropic was once seen as an also-ran next to OpenAI. But the company's Claude Code AI coding agent turned Anthropic into an enterprise juggernaut. $ANTHROPIC