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The campaign runs through September 28, 2026, with separate reward pools for new users and eligible futures traders.

Zoomex, a cryptocurrency exchange focused on derivatives trading, is running an ETH airdrop campaign with a total reward pool of 10 ETH, allocating 3 ETH to new-user rewards and 7 ETH to futures trading rewards.

The campaign began on August 28, 2026, at 11:00 UTC, and will end on September 28, 2026, at 11:00 UTC. Participation is tied to deposit and trading requirements rather than registration alone. Each reward pool has its own eligibility criteria, and participants must meet the applicable conditions to qualify for reward distribution.

New-User Reward Pool: 3 ETHAccording to Zoomex’s campaign announcement, eligible new users must deposit at least 100 USDT and reach a trading volume of at least 10,000 USDT to qualify for the 3 ETH new-user reward pool, subject to the campaign rules.

This pool requires participants to complete both deposit and futures trading tasks. New-user eligibility, qualifying deposit and trading-volume calculations, individual reward amounts, and claiming requirements are governed by the full terms on the campaign page.

Futures Trading Reward Pool: 7 ETHEligible users who reach a cumulative futures trading volume of at least 100,000 USDT during the campaign can qualify for the 7 ETH futures trading reward pool.

Rewards are distributed in proportion to each participant’s share of total qualifying trading volume, with an individual reward cap of USD 100 worth of ETH.

Meeting the trading-volume threshold does not guarantee the maximum reward. Each participant’s actual allocation depends on their share of qualifying trading volume and the campaign rules. The USD 100 figure is the per-user limit for this pool, not a fixed payout.

The campaign uses ETH as the reward asset across two separate pools for new-user and futures trading tasks. Participants should review the eligibility criteria, activity calculation methods, and reward limits before trading. Rewards should remain secondary to individual trading decisions, rather than a reason to increase trading activity solely to meet a qualifying threshold.

Full terms and participation details are available on the official Zoomex ETH airdrop campaign page.

About ZoomexFounded in 2021, Zoomex is a global cryptocurrency trading platform focused on derivatives trading, serving users across 35+ countries and regions with over 3 million users. Built for traders who value speed, clarity, and control, Zoomex combines high-performance trading, clear asset and order displays, transparent fee and rule mechanisms, and a continuously developing trust framework, including Hacken security audits, Proof of Reserves, Security & Transparency, and Compliance Information, to provide users with a clearer and more efficient trading environment.

Beyond trading, Zoomex also builds a more refined brand experience through its partnerships with Haas F1 Team, World Cup-winning goalkeeper Emiliano Martínez, and selected collaborations in tennis. Zoomex brings the values of speed, precision, discipline, fair competition, and rule-based execution from elite sports into the derivatives trading experience, aligning its brand expression with its product experience.

At Zoomex: Easy to Use. Transparent balance. Fair access to your earnings.

Silver prices (XAG/USD) rose on Wednesday, according to FXStreet data. Silver trades at $66.58 per troy ounce, up 1.23% from the $65.76 it cost on Tuesday.

Silver prices have decreased by 6.34% since the beginning of the year.

The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, stood at 66.08 on Wednesday, down from 66.23 on Tuesday.

Silver FAQs Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange. Although less popular than Gold, traders may turn to Silver to diversify their investment portfolio, for its intrinsic value or as a potential hedge during high-inflation periods. Investors can buy physical Silver, in coins or in bars, or trade it through vehicles such as Exchange Traded Funds, which track its price on international markets.

Silver prices can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can make Silver price escalate due to its safe-haven status, although to a lesser extent than Gold's. As a yieldless asset, Silver tends to rise with lower interest rates. Its moves also depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAG/USD). A strong Dollar tends to keep the price of Silver at bay, whereas a weaker Dollar is likely to propel prices up. Other factors such as investment demand, mining supply – Silver is much more abundant than Gold – and recycling rates can also affect prices.

Silver is widely used in industry, particularly in sectors such as electronics or solar energy, as it has one of the highest electric conductivity of all metals – more than Copper and Gold. A surge in demand can increase prices, while a decline tends to lower them. Dynamics in the US, Chinese and Indian economies can also contribute to price swings: for the US and particularly China, their big industrial sectors use Silver in various processes; in India, consumers’ demand for the precious metal for jewellery also plays a key role in setting prices.

Silver prices tend to follow Gold's moves. When Gold prices rise, Silver typically follows suit, as their status as safe-haven assets is similar. The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, may help to determine the relative valuation between both metals. Some investors may consider a high ratio as an indicator that Silver is undervalued, or Gold is overvalued. On the contrary, a low ratio might suggest that Gold is undervalued relative to Silver.

U.S. Bankruptcy Court approves the sale of the Jefferson County Metallurgical Complex to Silver Bow Mining under Section 363 of the U.S. Bankruptcy Code.

BUTTE, Mont.--(BUSINESS WIRE)--Silver Bow Mining Corp. (NYSE American: SBMT) ("Silver Bow Mining" or the "Company") announces that on September 4, 2026, the U.S. Bankruptcy Court for the District of Montana entered an order approving the sale of specified assets of Montana Tunnels Mining, Inc. referred to as the Jefferson County Metallurgical Complex (the “Complex”) to Silver Bow Mining and its wholly owned subsidiary, Silver Bow Tunnels Corp., pursuant to Sections 105(a) and 363 of the U.S. Bankruptcy Code. The Company has also completed the initial closing (the "Initial Closing") contemplated by the definitive asset purchase agreement (the “Definitive Agreement”) announced by the Company on August 24, 2026.

"Bankruptcy Court approval and completion of the Initial Closing mark an important step toward securing strategic processing infrastructure in Montana," said Travis Naugle, Chairman and Chief Executive Officer of Silver Bow Mining.

Share Prior to the Initial Closing, the Company had funded approximately US$28.58 million into an escrow account to satisfy specified creditor obligations associated with the acquired assets, including approximately US$4.27 million in respect of amounts owing to Jefferson County, Montana and approximately US$20.78 million in respect of specified obligations owing to the Montana Department of Environmental Quality. Release of funds to all creditors will occur over the course of a few days as payment instructions are finalized. As part of the Initial Closing, the Company has delivered instructions to the escrow agent to release funds to satisfy specified creditor obligations. In consideration of the direction to release the funds from escrow, Montana Goldfields, Inc. issued the Company a senior secured note, guaranteed by Montana Tunnels Mining, Inc. and secured against real property interests, fixtures and tangible personal property at the Complex.

The Initial Closing does not constitute the transfer of ownership of the Complex to Silver Bow Mining. The Company expects to acquire ownership of the Complex at the final closing contemplated by the Definitive Agreement (the “Final Closing”), subject to the satisfaction or waiver of applicable customary closing conditions, including the approval of the shareholders of the Company of the issuance of common shares underlying contingent value rights and the approval of the NYSE American stock exchange, as detailed in the Company’s August 24, 2026 news release.

"Bankruptcy Court approval and completion of the Initial Closing mark an important step toward securing strategic processing infrastructure in Montana," said Travis Naugle, Chairman and Chief Executive Officer of Silver Bow Mining. "Our primary focus remains advancing the Rainbow Block, while we work through the remaining approvals and undertake the technical, regulatory and site work required to evaluate the Complex and its potential role in our longer-term development plans. We believe the transaction can provide meaningful flexibility as we pursue responsible growth and long-term value for our shareholders and Montana stakeholders."

About Silver Bow Mining Corp.

Silver Bow Mining is a minerals exploration company advancing the high-grade Rainbow Block Silver-Zinc Project in Montana's historic Butte Mining District, while targeting a broader suite of U.S.-designated Critical Minerals including lead, copper, manganese, germanium, gallium, indium, antimony, and bismuth. The Company holds approximately 4,210 acres of patented mineral claims and approximately 1,427 acres of surface lands across multiple claim blocks in Silver Bow County, Montana.

On Behalf of Silver Bow Mining Corp.,
Travis Naugle, Chairman and Chief Executive Officer

Additional Information and Where to Find It

This news release may be deemed to be solicitation material in respect of the proposed shareholders meeting of Silver Bow Mining to approve the issuance of the CVRs and the underlying common shares. In connection with the proposed shareholders meeting, Silver Bow Mining intends to file relevant materials with the U.S. Securities and Exchange Commission (the “SEC”), including Silver Bow Mining’s proxy statement in preliminary and definitive form. INVESTORS AND SHAREHOLDERS OF SILVER BOW MINING ARE URGED TO READ ALL RELEVANT DOCUMENTS FILED WITH THE SEC, INCLUDING SILVER BOW MINING’S PROXY STATEMENT (WHEN THEY ARE AVAILABLE), BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE SHAREHOLDER APPROVAL BEING REQUESTED. Investors and shareholders of Silver Bow Mining are or will be able to obtain these documents (when they are available) free of charge from the SEC’s website at www.sec.gov, or free of charge from Silver Bow Mining under the “Investors” section of Silver Bow Mining’s website at www.silverbowmining.com/investors or by sending a request by e-mail to [email protected] or by mail to 1401 Idaho Street, Butte, Montana 59701, attention: Corporate Secretary.

Participants in the Solicitation

Silver Bow Mining and certain of its directors and executive officers may, under SEC rules, be deemed to be participants in the solicitation of proxies from Silver Bow Mining shareholders in connection with the proposed transaction. Information about the Company's directors and executive officers is available in the Company's registration statement on Form S-1/A filed with the SEC on April 21, 2026 and in subsequent beneficial ownership reports filed with the SEC. Additional information concerning the interests of participants in the solicitation, which may differ from those of shareholders generally, will be included in the proxy statement relating to the proposed shareholder approval when it becomes available.

Forward-Looking Statements

This news release contains forward-looking statements within the meaning of the U.S. Securities Act of 1933, as amended, and the U.S. Securities Exchange Act of 1934, as amended, and forward-looking information within the meaning of applicable Canadian securities laws (collectively, “forward-looking statements”). All statements, other than statements of historical fact, that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. Words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “project,” “should,” “target,” “will” and similar expressions, as well as statements that certain actions, events or results may, could, should, would or will occur or be achieved, are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words.

Forward-looking statements in this news release include, but are not limited to, statements regarding: the completion and timing of the Final Closing; the satisfaction or waiver of the remaining closing conditions; implementation of the Sale Order and completion of any remaining steps in the Chapter 11 process; the disbursement of amounts from the escrow account and satisfaction of specified creditor obligations; receipt of shareholder, NYSE American, governmental and other required approvals; the acquisition and transfer of the specified assets comprising the Jefferson County Metallurgical Complex; the status, transfer, replacement or amendment of applicable permits, licenses, registrations, authorizations and certifications; the issuance and potential conversion of the contingent value rights and the listing of the common shares underlying the contingent value rights; the toll-milling, royalty and net profits interest arrangements; the condition, capabilities and potential uses of the Complex; the technical, regulatory and site work required to evaluate the Complex; the potential suitability of the Complex’s milling and flotation circuits for processing Rainbow Block mineralization; potential development pathways for the Rainbow Block; the M-Pit feasibility work program and the timing, completion and results of the M-Pit Feasibility Study; the Clancy Creek Bypass Channel program; any future construction, integration, restart, development or production decision; the availability of financing for future evaluation, maintenance, development or operation of the Complex; and the anticipated strategic benefits of the transaction.

Forward-looking statements are based on the Company’s current expectations, estimates, projections, assumptions, and beliefs as of the date of this news release. These statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those expressed or implied by the forward-looking statements. Such risks and uncertainties include, but are not limited to: failure to complete the Final Closing on the terms described or at all; failure to satisfy or obtain a waiver of the remaining closing conditions; delays or difficulties in implementing the Sale Order or completing the remaining steps in the Chapter 11 process; failure to obtain shareholder, NYSE American, governmental or other required approvals; delays in the disbursement of funded amounts or satisfaction of specified creditor obligations; exclusions, exceptions or limitations affecting the assets and property interests being acquired, including mineral, royalty and leasehold interests; the status, availability and transferability of permits, licenses and other authorizations; the adequacy and cost of required financial assurance; environmental, reclamation and other legacy liabilities; governmental enforcement actions and the exercise of governmental police and regulatory authority; title defects and competing claims affecting the assets; the condition, integrity, capacity and operating capabilities of the Complex and its infrastructure; unanticipated maintenance, rehabilitation, capital or operating costs; the results of technical, engineering, environmental and feasibility studies; the suitability of the Complex for processing Rainbow Block mineralization; the availability of capital and the Company’s ability to obtain financing on acceptable terms or at all; commodity-price fluctuations; litigation; risks relating to the issuance and conversion of the CVRs; risks associated with the Company’s exploration activities and mineral claims in Montana; and the inherently hazardous nature of mineral exploration, development, processing and mining-related activities.

Additional risk factors are discussed under the headings “Forward-Looking Statements” and “Risk Factors” in the Company’s Registration Statement on Form S-1, as amended, filed with the U.S. Securities and Exchange Commission on April 21, 2026, the Company’s Canadian prospectus dated April 29, 2026 and filed on SEDAR+, and the Company’s other filings with U.S. and Canadian securities regulatory authorities.

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those described in the forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this news release. Except as required by applicable law, the Company undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

More News From Silver Bow Mining Corp.

Freightcar America (NASDAQ: RAIL - Get Free Report) and Douglas Dynamics (NYSE: PLOW - Get Free Report) are both small-cap industrials companies, but which is the better stock? We will contrast the two businesses based on the strength of their analyst recommendations, risk, earnings, profitability, valuation, dividends and institutional ownership. Analyst Ratings This is a summary of

 | Source: Celestica International LP

TORONTO, Sept. 08, 2026 (GLOBE NEWSWIRE) -- Celestica Inc. (NYSE: CLS)(TSX: CLS)(“Celestica” or the “Company”) will host its 2026 Investor and Analyst Day on Tuesday, October 27, 2026.

The event will include a virtual presentation, in conjunction with the Company’s third quarter 2026 financial results conference call, followed by an in-person Lunch Forum during the afternoon.

Details for the webcast of the virtual presentation and Celestica’s third quarter 2026 financial results conference call will follow in a subsequent press release.

2026 Investor and Analyst Day Lunch Forum

Celestica’s 2026 Investor and Analyst Day Lunch Forum is an in-person event and will be held in Midtown Manhattan, New York City. During the session, Chair of the Board and CEO Rob Mionis, and a panel of Celestica’s executive leadership will be available to answer questions from the institutional investor community.

Attendance to the Lunch Forum is open exclusively to institutional investors and sell-side research analysts, and those who wish to attend this event are invited to express their interest at the following registration link.

Space for the event is limited, and attendance is subject to availability.

Contact
Celestica Investor Relations
[email protected]

Celestica Investor Relations Events
[email protected]

Nykredit A S bought a new position in shares of SpaceX (NASDAQ:SPCX – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 5,867 shares of the company’s stock, valued at approximately $1,002,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SPCX. KERR FINANCIAL PLANNING Corp bought a new stake in shares of SpaceX in the 2nd quarter valued at about $566,000. Burkett Financial Services LLC acquired a new stake in shares of SpaceX in the second quarter valued at about $70,000. Dogwood Wealth Management LLC acquired a new stake in SpaceX during the 2nd quarter valued at approximately $139,000. Dynamic Advisor Solutions LLC bought a new position in SpaceX during the 2nd quarter worth approximately $3,383,000. Finally, Apella Capital LLC bought a new position in SpaceX during the 2nd quarter worth approximately $452,000.

SpaceX News Summary Here are the key news stories impacting SpaceX this week:

Positive Sentiment: SpaceX is preparing Starship’s 14th test flight, with the larger V3 vehicle intended to demonstrate improved performance and support Elon Musk’s long-term plans for lunar and Mars missions. Successful testing could strengthen the company’s growth narrative. SpaceX lines up Starship’s 14th test flight Positive Sentiment: The company completed its 80th Starlink mission of 2026, reinforcing launch reliability and the recurring-revenue potential of its satellite-internet business. Recent quarterly revenue rose 91.9% year over year to $7.81 billion, while adjusted expectations reportedly exceeded consensus. SpaceX launches 80th Starlink mission Positive Sentiment: Several market commentaries highlight long-term upside, with one cited median price target near $216 and potential gains of roughly 46% from recent levels. These views rely on continued Starlink expansion, Starship progress and possible orbital data-center opportunities. What a $10,000 Investment in SpaceX Could Be Worth Neutral Sentiment: Plans to launch orbital data centers as early as late 2027 add a potentially large new growth avenue, but industry experts reportedly view meaningful scale as more likely in the 2030s because of technical, cost and infrastructure hurdles. Data centers in space: Four big obstacles Negative Sentiment: A September lock-up or share-unlock event could release as many as 319 million additional shares. Potential insider selling may increase volatility and pressure the stock, particularly after its sharp August recovery. What could the Sept. 9 lock-up expiration mean? Negative Sentiment: German rival Isar Aerospace reached orbit on its second test flight and claims a €10 billion customer pipeline, signaling intensifying competition in launch services and potentially challenging SpaceX’s dominance over time. SpaceX rival launches rocket in historic first Negative Sentiment: Critics remain concerned about SpaceX’s extreme valuation, continuing net losses and a price-to-earnings ratio below zero. OpenAI’s decision to end model access to Cursor after SpaceX’s acquisition of its parent company also introduces integration and technology-relationship risk. OpenAI cuts Cursor off from its models SpaceX Price Performance SpaceX stock opened at $147.95 on Tuesday. The firm has a market cap of $1.93 trillion and a P/E ratio of -1,643.89. SpaceX has a 12-month low of $104.83 and a 12-month high of $225.64. The company’s fifty day moving average is $135.83. The company has a quick ratio of 4.99, a current ratio of 5.12 and a debt-to-equity ratio of 0.29. SpaceX (NASDAQ:SPCX – Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The company reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.17. The company had revenue of $7.81 billion during the quarter. The firm’s revenue was up 91.9% compared to the same quarter last year. Sell-side analysts expect that SpaceX will post -0.15 EPS for the current fiscal year.

Analysts Set New Price Targets A number of equities analysts recently weighed in on SPCX shares. Royal Bank Of Canada downgraded shares of SpaceX from an “outperform” rating to a “hold” rating in a research note on Friday, August 7th. Stifel Nicolaus initiated coverage on shares of SpaceX in a research report on Tuesday, July 7th. They set a “buy” rating and a $190.00 price target on the stock. Wolfe Research reiterated an “outperform” rating and set a $175.00 price target on shares of SpaceX in a report on Wednesday, August 26th. Daiwa Securities Group began coverage on SpaceX in a research report on Thursday, July 2nd. They issued a “neutral” rating and a $175.00 price objective for the company. Finally, KGI Securities downgraded SpaceX from an “outperform” rating to a “hold” rating in a research note on Monday, June 22nd. Two analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, eight have issued a Hold rating and seven have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $221.20.

Get Our Latest Stock Report on SPCX

About SpaceX (Free Report)

SpaceX, or Space Exploration Technologies Corp., is an American aerospace company focused on the design, manufacture and launch of advanced rockets and spacecraft. The company develops launch vehicles and space systems used for commercial, government and scientific missions, with a strong emphasis on lowering the cost of access to space through reusable rocket technology.

Founded in 2002 by Elon Musk, SpaceX has built a broad portfolio of products and services that includes the Falcon 9 and Falcon Heavy rockets, the Dragon spacecraft and the Starship development program.

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SpaceX (NASDAQ:SPCX) carries a roughly $2 trillion valuation on the promise that its rockets can be flown and reused like commercial airliners. Pivotal Research Group is betting that the promise will be fulfilled. 

The firm initiated coverage on SpaceX with a Buy rating and a $220 price target in a Tuesday note from analyst Jeffrey Wlodarczak.

SPCX stock is climbing Tuesday. See the real-time price action here.  The bullish call comes with a major caveat: nearly the entire investment thesis hinges on a single unresolved engineering challenge.

“A successful investment case in SpaceX at the current ~$2 trillion EV rests almost entirely on a single admittedly massive engineering bottleneck,” Wlodarczak wrote, per CNBC. “Starship reusability (i.e. 20-50 flights per Starship with relatively inexpensive and quick refurbishment/redeployment).”

In other words, SpaceX’s next leg of growth — and the valuation Pivotal Research is underwriting — depends on the company proving it can fly the same Starship vehicle dozens of times with fast, cheap turnarounds between launches.

A Binary Outcome for the StockWlodarczak was blunt about how binary the outcome could be for the stock. 

“Our $220 target is a call on reuse 20-50 flights per vehicle, cheap refurb, fast turnaround,” he said. “If that is solved, the rest of the model can happen. If it is not, SPCX is a different and much smaller company.”

That framing puts Starship’s reusability economics at the center of the bull case. If SpaceX can crack the reuse problem, Wlodarczak’s model suggests launch costs could fall toward levels competitive with terrestrial freight, unlocking a far larger addressable market for the company. 

If it can’t, the current $2 trillion enterprise value looks stretched relative to a company Wlodarczak says would be “different and much smaller.”

Read Next

How Pivotal’s Target Stacks UpPivotal Research’s $220 target lands slightly below the broader Street consensus. The average analyst price target for SpaceX currently sits near $226, according to Benzinga data, suggesting Wlodarczak’s call is bullish but not the most aggressive on the Street.

The initiation also arrives just ahead of a notable overhang: roughly 319 million SpaceX shares are set to become unlocked on Wednesday, a potential source of near-term share supply that investors will be watching closely alongside the Starship reuse narrative.

SPCX Price Action: SpaceX shares were up 0.34% at $148.45 at the time of publication on Tuesday, according to Benzinga Pro data.

Photo: Shutterstock

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Space Exploration Technologies (SPCX +3.73%) went public on June 12, and its stock quickly soared to a record high of $225. However, it has since plummeted by 34% and closed at $147.95 last Friday, Sept. 4.

SpaceX was founded by Elon Musk in 2002 to reduce the cost of space travel. It now has three commercial businesses spanning space transportation, satellite internet connectivity, and artificial intelligence (AI) infrastructure, and Musk is predicting they will generate significant revenue growth over the next few years.

Although SpaceX stock is still technically expensive, should investors take the opportunity to buy the recent dip in September?

Image source: The Motley Fool.

SpaceX is chasing a $26.5 trillion opportunity SpaceX uses its Falcon 9 and Falcon Heavy reusable rockets to launch over 2,500 tons worth of commercial payloads into orbit each year on behalf of businesses and government organizations. The company already has a 90% market share in this industry, but it believes demand could grow to 10 million tons as enterprises scramble to send advanced satellites and AI infrastructure into space. So there is still plenty of room for growth.

But with an addressable market of $370 billion right now, that isn't SpaceX's most valuable opportunity by a long shot. The company estimates there is a whopping $1.6 trillion market for satellite internet connectivity, and it's still very early days. SpaceX has launched around 10,200 Starlink satellites into orbit, which were beaming internet access to 12 million customers here on Earth as of June 30. That number doubled from 6 million in the year-ago period.

Today's Change

(

3.73

%) $

5.52

Current Price

$

153.47

But then there is the AI market, which could be worth $26.5 trillion across infrastructure, enterprise applications, and consumer subscriptions. SpaceX acquired Elon Musk's start-up xAI earlier this year, which came with a series of centralized data centers such as Colossus and Colossus II. The company is using this infrastructure to further develop its Grok AI models, but it's also renting spare computing capacity to other businesses, including Anthropic, Reflection AI, and Alphabet.

In the future, SpaceX wants to launch solar-powered AI infrastructure into orbit, where it won't need expensive energy solutions or complex cooling systems. The company developed a new satellite called Starmind, which uses a variant of Nvidia's Vera Rubin AI data center systems, and it will beam data back to Earth via the existing Starlink network.

No other company has an established distribution network comparable to Starlink, so SpaceX would enter the space-based AI infrastructure business with a massive head start over the competition. It's one of the key reasons why Musk believes the company could achieve $1 trillion in annual revenue by 2030.

SpaceX stock might struggle to post gains in the near term SpaceX generated $7.8 billion in total revenue during the second quarter of 2026 (ended June 30), a 92% increase from the year-ago period. It was broken down as follows:

SpaceX Segment

Q2 Revenue

Revenue Growth (Year Over Year)

Space

$0.962 billion

29%

Connectivity

$4.291 billion

66%

AI

$2.561 billion

247%

Data source: SpaceX.

While connectivity contributed the most revenue in Q2, the AI segment is rapidly catching up thanks to its blistering growth rate. In fact, chief financial officer Bret Johnsen thinks the AI business could achieve annual run rate revenue of $100 billion by the end of 2026, due to the enormous demand for computing capacity. With that kind of growth, Musk's $1 trillion revenue forecast for 2030 doesn't seem so far-fetched.

But valuing a company based on its forward projections can be risky, because there is no guarantee they will come to fruition. What's known for sure is that SpaceX generated $23 billion in total revenue over the last four quarters, so based on its market capitalization of $2 trillion, its stock has a sky-high price-to-sales (P/S) ratio of 86.9. That makes it 14 times as expensive as the Nasdaq-100 index, which has a P/S ratio of 6.2.

Simply put, SpaceX looks heavily overvalued compared to a basket of America's largest technology stocks. Assuming that the company will deliver $105 billion in revenue during 2027 as Wall Street expects (according to Yahoo Finance), its forward P/S ratio is 19. While that is a far more reasonable valuation, it's still elevated relative to the broader market.

So, should investors buy SpaceX stock this month? The answer depends on their time horizon. Those seeking strong gains over the next year or two might be left disappointed, but those who are willing to hold the stock beyond 2030 could earn a very nice return, particularly if Musk's trillion-dollar revenue forecast becomes a reality.

EchoStar (NASDAQ:ECHO) shares got a boost Tuesday after UBS resumed coverage of the stock with a Buy rating and a $150 price target, sending the stock up 4.2%.

The UBS upgrade reflects EchoStar's transformation from wireless operator to investment vehicle, following the company's sale of 75-80% of its spectrum portfolio for roughly $43 billion.EchoStar is set to hold a 2% stake in SpaceX, equal to about 262 million shares, once its pending spectrum transaction closes. The deal is expected to close in November 2027 and has already received FCC approval. UBS valued that stake at roughly $39 billion, or $110 per EchoStar share, based on the current SpaceX stock price, and at $55 billion, or $156 per share, using the firm's $210 SpaceX price target.

UBS noted EchoStar was granted the SpaceX shares at a roughly $11 billion valuation before SpaceX's IPO.

The firm valued EchoStar's remaining spectrum holdings at approximately $11 billion based on recent transaction precedents.

UBS said EchoStar's remaining AWS-3 holdings are the most valuable of the group given their compatibility with existing carrier infrastructure, while its 700 MHz E-Block holdings align most closely with spectrum held by AT&T and its CBRS holdings align with spectrum held by Verizon and cable operators.

Analysts believe EchoStar's TV and Hughes businesses are worth $6 billion combined (though they carry $15 billion in debt), while its Boost wireless business is worth about $2 billion.

UBS said cash proceeds of approximately $31.5 billion from EchoStar's spectrum deals with AT&T and SpaceX, before taxes, will likely be used to repay debt and fund potential future investments in the telecom, aerospace and defense industries.

Space Exploration Technologies Corp (NASDAQ:SPCX) has weathered two rounds of insider share unlocks since its record-breaking June initial public offering, and the stock is holding well above where it traded during either event. 

Shares closed at $153.47 on Tuesday, sitting comfortably above the $135 IPO price and about 32% below the intraday peak of $225.64 hit days after the June 12 debut, per Benzinga Pro data.  

First Unlock: A Rally Instead of a RoutSpaceX’s first share unlock test came Aug. 6, when 911.5 million shares held by employees and early investors became eligible for trading, more than doubling the company’s public float. 

The stock had closed the prior session at $108.27, a fresh post-IPO low tied to an earnings report showing capex at more than double revenue. Instead of caving to the new supply, shares rallied. 

Shares catapulted 16% higher that Friday and finished the week at $133.11. The Wall Street Journal described the reversal as proof that SpaceX “true believers” were propelling shares past the lockup. 

Read Next

Second Unlock: A Wobble, Not a BreakA second, smaller unlock followed Aug. 20, when roughly 319 million additional shares came free under the staggered schedule laid out in SpaceX’s prospectus.  

The stock wobbled but avoided a lasting slide, and by Aug. 10 shares had already closed above the IPO price for the first time in weeks, CNBC noted. Argus Research upgraded the stock to Buy shortly after the first unlock, arguing the shares merited the call partly on CEO Elon Musk‘s track record running Tesla Inc. (NASDAQ:TSLA). 

Third Unlock: This WednesdayRound three looms larger. Roughly 700 million additional shares will become eligible in September, more than double the size of the Aug. 20 release and approaching the scale of the first unlock. 

CNBC pointed to Wednesday’s share release as one of two remaining supply events still keeping the stock “cheap” relative to Wall Street’s price targets, with Oppenheimer at $280 and JPMorgan at $240. 

More tranches follow close behind, with further releases scheduled on Sept. 24, Oct. 9, and Oct. 24, before the full 180-day lockup expires Dec. 8. Musk‘s stake, the largest single block, stays locked until June 2027.

Whether insiders treat Wednesday’s tranche as an exit ramp, or investors again absorb the float without flinching, could shape SpaceX’s next chapter as a newly public, AI-heavy rocket company.

Photo: Shutterstock

© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

In the second quarter, an exciting new investment opportunity emerged: Space Exploration Technologies (SPCX +3.73%), commonly known as SpaceX, completed its record initial public offering. And that meant everyone from small retail investors to billionaires had the opportunity to easily buy shares of the company on the market as of June 12.

Demand during and post-IPO was high, with the operation raising more than $85 billion after the exercise of an overallotment option and the stock price climbing in its first days of trading. And in the month of June, several billionaires, including Appaloosa Management's David Tepper and Coatue Management's Philippe Laffont, bought shares of this industrial and technology giant. Should you follow? Let's find out.

Image source: Getty Images.

A mix of growth businessesSo, first, a quick look at why investors were so excited about this particular IPO. SpaceX offers a unique and interesting mix of growth-oriented businesses -- artificial intelligence (AI), space, and satellite-based connectivity. Meanwhile, the company is led by Elon Musk, known for his commitment to innovation and accomplishing what's never been done before. These two elements appeal to certain growth investors, and that helped stir up excitement as SpaceX prepared for its market debut.

All of this also attracted the attention -- and investment dollars -- of billionaires. A quick look through recent 13Fs shows that a number of them piled into SpaceX stock in the second quarter. (Managers of more than $100 million must report their latest moves on a quarterly basis to regulators on Form 13F.)

Billionaires buying SpaceX include:

David Tepper of Appaloosa Management bought 225,000 SpaceX shares, giving it a 0.5% weight in the portfolio and a ranking of 22.Philippe Laffont of Coatue Management bought 18,561,780 SpaceX shares. It has a 6.52% weight in the portfolio and is the fourth-biggest position.Michael Platt of BlueCrest Capital Management bought 1,417,000 SpaceX shares. That makes it the portfolio's No. 2 position with a weight of 7.98%.Chase Coleman of Tiger Global Management bought 375,000 SpaceX shares, and that represents 0.27% of the portfolio and a ranking of 34.So, clearly, the SpaceX story is winning over some of the world's most successful investors. Now, let's consider whether you should follow these investing giants into the stock.

It's important to note that, while we may learn a lot from billionaire investors and gain inspiration, we shouldn't follow all of their moves. Even the billionaires themselves often make completely different decisions -- with one buying a particular stock while another sells it. This is because each individual may have a different strategy, investment horizon, and feelings about risk -- and this is just to mention a few elements that guide investing decisions. As a result, what may be right for certain billionaires may not be the best move for you or me.

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Considering the riskNow, let's return to our question: Considering all of this, should you follow this wave of billionaires into the SpaceX story? This depends on our comfort with risk. SpaceX carries plenty of it at the moment.

So far, its big breadwinner is the Starlink connectivity unit, which brought in $4 billion in revenue in the latest quarter and $1.6 billion in operating income. But the other two businesses, though generating revenue growth, each delivered an operating loss. And the AI business in particular requires enormous investment, to the tune of $15 billion in capital expenditures in the second quarter alone. To put this into perspective, SpaceX's total revenue for the quarter came in at $7.8 billion.

SpaceX represents enormous opportunity, but to reach its goals, it must invest heavily -- and it's also key to remember that many of these goals, such as developing data centers in space, rely on technology that hasn't been fully proven yet.

All of this means that, if you're an aggressive investor with a well-diversified portfolio, you might consider following the billionaires and getting in on this stock early -- but for most of us, it's a better idea to watch this stock from the sidelines until visibility improves.

CHARLOTTE, N.C., Sept. 08, 2026 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation's leading builder of luxury homes, today announced the highly anticipated release of a new building at Iron Creek, a luxury townhome community in Charlotte, North Carolina. Priced from the low $400,000s, Iron Creek offers a distinctive collection of four-story townhomes with skyline-view rooftop terraces and attached two-car garages.

Located just minutes from Uptown Charlotte, Iron Creek features a premier selection of townhome designs with 3 bedrooms, 3.5 baths, and generous space for indoor-outdoor entertaining on the sought-after rooftop terrace included in every townhome. The community is conveniently located within walking distance to the AvidXChange Music Factory, which offers concert venues, comedy clubs, restaurants, breweries, and more. Outdoor enthusiasts will enjoy nearby parks, green spaces, and scenic biking and walking trails.

The community offers a selection of move-in ready homes with Designer Appointed Features, as well as homes available to personalize with curated finishes from the Toll Brothers Designer Appointed Collections.

"We are excited to announce the release of a new building at Iron Creek, offering more opportunities for home shoppers to discover their dream lifestyle in Charlotte," said Ryan Switzer, Division President of Toll Brothers in Charlotte. "With its unbeatable location, luxury townhome designs, and low-maintenance living, Iron Creek is the perfect choice for those seeking modern luxury and convenience."

The Toll Brothers Sales Center is located at 1420 Hamilton St. in Charlotte. For more information on Iron Creek and Toll Brothers communities throughout the Charlotte area, call 866-232-1719 or visit TollBrothers.com/Charlotte.

About Toll Brothers

Toll Brothers, Inc., a Fortune 500 Company, is the nation's leading builder of luxury homes. The Company was founded in 1967 and became a public company in 1986 with common stock listed on the New York Stock Exchange under the symbol "TOL." Toll Brothers builds new homes and communities in over 60 markets across the United States, serving first-time, move-up, active-adult, and second-home buyers. The Company also operates its own architectural, engineering, mortgage, title, land development, smart home technology, landscape, and building components manufacturing businesses.

Toll Brothers was named the #1 Most Admired Home Builder in Fortune magazine's 2026 list of the World's Most Admired Companies®, the ninth year the Company has achieved this honor. Toll Brothers has also been named Builder of the Year by Builder magazine and is the first two-time recipient of Builder of the Year from Professional Builder magazine. For more information visit TollBrothers.com.

From Fortune, ©2026 Fortune Media IP Limited. All rights reserved. Used under license.

Contact: Andrea Meck | Toll Brothers, Senior Director, Public Relations & Social Media | 215-938-8169 | [email protected]

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/b17df381-e69a-412f-986c-256b91d58302

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Sent by Toll Brothers via Regional Globe Newswire (TOLL-REG)

Bender Robert & Associates trimmed its holdings in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 1.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 257,167 shares of the iPhone maker’s stock after selling 4,985 shares during the quarter. Apple makes up about 15.5% of Bender Robert & Associates’ investment portfolio, making the stock its 2nd largest holding. Bender Robert & Associates’ holdings in Apple were worth $74,414,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in Apple by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 1,426,283,914 shares of the iPhone maker’s stock worth $387,749,545,000 after purchasing an additional 26,856,752 shares during the period. State Street Corp grew its holdings in Apple by 1.1% during the fourth quarter. State Street Corp now owns 604,056,505 shares of the iPhone maker’s stock valued at $164,218,801,000 after purchasing an additional 6,555,392 shares during the period. Geode Capital Management LLC grew its holdings in Apple by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 358,032,517 shares of the iPhone maker’s stock valued at $97,031,587,000 after purchasing an additional 1,866,103 shares during the period. Morgan Stanley increased its position in Apple by 0.6% in the fourth quarter. Morgan Stanley now owns 230,483,035 shares of the iPhone maker’s stock worth $62,659,118,000 after buying an additional 1,379,651 shares in the last quarter. Finally, Norges Bank purchased a new stake in Apple in the fourth quarter worth about $52,266,468,000. 67.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets A number of research analysts have recently weighed in on AAPL shares. Weiss Ratings raised Apple from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, August 3rd. Morgan Stanley reissued an “overweight” rating and issued a $360.00 target price on shares of Apple in a report on Wednesday, September 2nd. HSBC upgraded shares of Apple from a “hold” rating to a “buy” rating and raised their target price for the stock from $260.00 to $366.00 in a research note on Thursday, July 16th. Oppenheimer reiterated a “market perform” rating on shares of Apple in a research report on Friday, July 31st. Finally, Rosenblatt Securities increased their price objective on shares of Apple from $300.00 to $303.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 1st. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, twelve have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, Apple has an average rating of “Moderate Buy” and a consensus price target of $330.61.

Get Our Latest Analysis on Apple Insiders Place Their Bets In other news, SVP Jennifer Newstead sold 1,439 shares of Apple stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $317.01, for a total value of $456,177.39. Following the sale, the senior vice president directly owned 35,790 shares of the company’s stock, valued at approximately $11,345,787.90. The trade was a 3.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Ben Borders sold 116 shares of the business’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $295.14, for a total value of $34,236.24. Following the completion of the sale, the insider owned 38,713 shares in the company, valued at $11,425,754.82. This represents a 0.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 5,872 shares of company stock worth $1,823,201. 0.06% of the stock is currently owned by insiders.

More Apple News Here are the key news stories impacting Apple this week:

Positive Sentiment: Apple is expected to unveil its first foldable iPhone, alongside the iPhone 18 Pro and Pro Max, at John Ternus’s first major keynote as CEO. Analysts at Morgan Stanley estimate the foldable could represent a roughly $14 billion revenue opportunity if Apple can stimulate premium-device demand. Apple Faces Its Biggest iPhone Test in Years Positive Sentiment: Recent iPhone sales growth of more than 20% for three consecutive quarters, a large installed base and potential on-device artificial-intelligence features provide a favorable backdrop for the launch. Apple’s higher Apple TV and Apple One prices could also support Services revenue and margins. Apple’s New Mac Mini and Studio Bet Big on On-Device AI Neutral Sentiment: The leadership transition from Tim Cook to John Ternus is placing additional importance on Wednesday’s event. Investors are looking for evidence that Ternus can maintain Apple’s long-term innovation and shareholder-return record while emphasizing hardware development. Tim Cook Delivered a 2,720% Total Return Neutral Sentiment: Apple’s broad ecosystem and substantial cash generation remain important supports for the investment case, but the stock’s premium valuation means the market may already be pricing in a successful product cycle and strong demand. Negative Sentiment: KeyBanc warned that rising memory and component costs could force Apple to raise prices. Broad price increases could cause “sticker shock” and reduce unit volumes, while selective increases could pressure gross margins. KeyBanc Delivers Stark Warning on Apple Stock Negative Sentiment: Huawei and Xiaomi have introduced premium foldable devices ahead of Apple’s launch, intensifying competition—particularly in China, an important but challenging market for Apple. Huawei’s tri-fold Mate XT2 raises the bar on design and pricing. Huawei Unveils New Tri-Fold Smartphone Negative Sentiment: Apple faces a costly execution test: a premium foldable near $2,000 must generate meaningful incremental demand without weakening margins or cannibalizing existing iPhone sales. Disappointing specifications, pricing or guidance could weigh on the shares after the event. Apple Price Performance NASDAQ AAPL opened at $319.97 on Tuesday. The stock’s 50 day moving average is $316.41 and its 200 day moving average is $290.98. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66. Apple Inc. has a 12 month low of $225.95 and a 12 month high of $344.57. The stock has a market cap of $4.67 trillion, a PE ratio of 36.69, a P/E/G ratio of 2.77 and a beta of 1.08.

Apple (NASDAQ:AAPL – Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.13. Apple had a net margin of 27.62% and a return on equity of 135.46%. The business had revenue of $109.42 billion during the quarter, compared to analyst estimates of $109.04 billion. During the same period last year, the firm posted $1.57 EPS. The company’s revenue was up 16.4% on a year-over-year basis. Research analysts predict that Apple Inc. will post 8.74 EPS for the current fiscal year.

Apple Announces Dividend The business also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Monday, August 10th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Monday, August 10th. Apple’s dividend payout ratio (DPR) is presently 12.39%.

Apple Company Profile (Free Report)

Apple Inc (NASDAQ: AAPL) is a multinational technology company headquartered in Cupertino, California, founded in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne. The company designs, develops and sells consumer electronics, software and services. Over its history Apple has evolved from personal computers to a broad portfolio that spans mobile devices, wearables, home entertainment and digital services.

Apple’s principal hardware products include the iPhone smartphone, iPad tablet, Mac personal computers, Apple Watch wearable devices and a range of accessories such as AirPods and HomePod.

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Apple just delivered its strongest June quarter ever, and one investor sees a clear path to $400 that gets easier to defend with every earnings report. Here is what the numbers reveal that Wall Street might still be underpricing.

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I keep hitting the buy button on Apple (NASDAQ:AAPL | AAPL Price Prediction) because the math on a re-rating toward $400 keeps getting easier to defend, and every quarter Tim Cook hands me another reason to add. Shares closed at $319.97 on September 4, 2026, up 33.94% over the past year, and I am still adding.

Why I Keep Coming Back to the Same Ticker My thesis is simple. Apple runs a dual-engine business where a $54 billion hardware quarter now travels with a services annuity that keeps setting records, and management is retiring the share count fast enough to lift per-share earnings even in a flat quarter. That combination is what I keep paying for.

The Q3 FY26 report backs it up. Revenue landed at $109.42B, up 16.36% YoY, EPS came in at $2.02 vs $1.89 consensus, and that was the 9th straight EPS beat. iPhone revenue was $54.25B against $44.58B a year prior, and Services printed $30.74B. Cook called it “our strongest June quarter ever”, and this time the superlative fit.

Three Receipts That Keep Me Adding First, the Services engine. A 75.6% Services gross margin on $30.74B of quarterly revenue is a software business hiding inside a hardware wrapper, and paid subscriptions surpassed 1.5 billion. That is recurring income that compounds.

Second, the capital return program is doing the heavy lifting on per-share math. The board authorized a new $100 billion buyback and a 4% dividend increase in Q2 FY26. Apple has already repurchased $62.094B in the first nine months of FY26, on top of $90.711B in FY25 buybacks. The quarterly dividend sits at $0.27.

Third, the installed base of 2.5 billion+ active devices is the moat. Return on equity of 171.42% and return on invested capital of 53.35% tell you what that base does to profitability.

Path to $400 Written in the Estimates Analysts now model $9.5329 in FY27 EPS across 39 analysts. Our internal five-year base case models a final price of $508.47, with a bull case of $518.38 and a bear case ending at $358.68. That is the asymmetry I want in a core retirement holding.

Risk I Will Not Wave Away Q3 gross margin got a one-time lift from tariff refunds worth roughly two percentage points and 11 cents of EPS. Strip that out and next year’s comparisons get harder. Memory pricing is what Cook flagged as “a 100-year flood on the memory pricing with exponential increases in memory prices”. Valuation is rich too, with a P/FCF of 47 and a yield of only 0.33%.

My thesis holds. Apple guided September-quarter revenue growth of 9% to 11% even with a 2.5 percentage point FX headwind, and iPhone and Mac demand is running so hot that Cook called the supply crunch “a demand forecast issue”. That is the problem I want a company I own to have.

Why the Buy Button Stays Active Services keep compounding, the buyback keeps shrinking the float, the installed base keeps feeding both. When a business earns $29.79B in a quarter and hands back $33 billion to shareholders, patience is the only edge I need. I plan to keep accumulating until $400 stops looking like a floor.

Contact [email protected] for any questions or corrections.

Longtime Apple executive Phil Schiller reportedly stepped away from running the App Store partly because he wanted no involvement with a push by the tech giant’s new leadership to squeeze more money from the lucrative platform.

Schiller, 66, a veteran of both the Steve Jobs and Tim Cook eras, remained in charge of the App Store and Apple’s splashy product-launch events after stepping down as the company’s marketing chief and becoming an Apple Fellow in 2020.

But new Apple CEO John Ternus and services boss Eddy Cue are looking for ways to wring greater profits and more repeat revenue from the App Store, Bloomberg reported over the weekend.

Longtime Apple executive Phil Schiller reportedly stepped away from running the App Store partly because he wanted no involvement with efforts to squeeze more revenue from the platform. SXSW Conference & Festivals via Getty Images Schiller, by contrast, believed that pushing the App Store harder for profits would only inflame tensions with developers and governments, according to Bloomberg.

The disagreement never erupted into an internal clash, but Schiller reportedly shunned the strategy.

The Bloomberg report sheds new light on Schiller’s decision to relinquish oversight of the App Store, a business estimated to generate more than $30 billion a year that has faced mounting pressure from regulators and developers.

Schiller’s latest concerns echoed objections he privately raised over Apple’s efforts to collect commissions on outside purchases during its long-running legal battle with “Fortnite” maker Epic Games.

New Apple CEO John Ternus (pictured) and services chief Eddy Cue want to find ways to boost profits and recurring revenue from the App Store, according to Bloomberg. AFP via Getty Images In 2023, he opposed Apple’s plan to slap a 27% commission on purchases made on developers’ websites after users followed links from their apps, according to court records.

Schiller said internally that he had “many issues with the commission concept” and made clear he was “not on team commission/fee,” according to the records.

Apple’s chief financial officer, Luca Maestri, and other finance executives favored charging the commission, while Schiller opposed it and later testified that collecting fees from developers could damage Apple’s relationship with them.

Former Apple CEO Tim Cook sided with finance executives over Schiller in a 2023 dispute over charging commissions on purchases made outside the App Store, according to court records. AP Photo/Annie Mulligan CEO Tim Cook ultimately sided with Maestri’s camp. The decision later came back to haunt Apple.

US District Judge Yvonne Gonzalez Rogers ruled in April of last year that Apple had willfully violated an earlier injunction stemming from the Epic case. In her blistering order, the judge singled out Schiller as having pushed Apple to comply with the injunction.

“Cook chose poorly,” Rogers wrote of the CEO’s decision to side with the finance team over Schiller.

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Rogers held Apple in civil contempt, ordered it to stop collecting commissions on purchases made through external links and required the tech giant to cover Epic’s legal fees stemming from the contempt fight.

A federal appeals court upheld the contempt finding in December 2025 but narrowed Rogers’ punishment, ruling that Apple could potentially charge developers a fee tied to legitimate costs and intellectual property used in facilitating outside purchases.

The episode marked a striking shift for an executive who had spent years publicly defending Apple’s tight control over the App Store.

“Fortnite” maker Epic Games challenged Apple’s App Store rules in a legal battle that eventually led a federal judge to hold Apple in civil contempt. REUTERS Schiller publicly argued in 2020 that the marketplace was designed around “one set of rules for everybody,” and defended Apple’s commissions by pointing to the company’s investments in app distribution, developer tools, security, privacy and payments.

But he had questioned the size of Apple’s cut as far back as 2011.

In an internal email disclosed in the Epic litigation, Schiller floated whether Apple should “ratchet down from 70/30 to 75/25 or even 80/20,” in terms of the split of profits between developers and Apple, if the App Store surpassed $1 billion in annual profit and could maintain that level.

After Schiller formally took charge of the App Store in 2015, Apple began introducing lower commission rates for some developers.

In 2016, the company cut its take on subscription revenue from 30% to 15% after customers remained subscribed for more than a year. Apple later introduced a program charging qualifying small developers a 15% commission.

Schiller nevertheless remained a tough enforcer of the App Store’s rules. The Post has sought comment from Apple.

Apple is expected to introduce a new line of foldable iPhones at their upcoming launch event, which is also expected to be the beginning of a bigger product overhaul for the company. CNBC's Mackenzie Sigalos joins 'The Exchange' to discuss what to look for in Apple's launch event.

Key Takeaways
Apple is expected to unveil new iPhones and other devices at the tech giant’s launch event Wednesday.John Ternus is set to host the annual event for the first time as CEO, after taking over for Tim Cook earlier this month.

Apple and its new CEO face a big test this week.

The consumer tech giant is set to unveil its latest products at its annual launch event tomorrow, with John Ternus hosting for the first time as CEO after taking over for Tim Cook earlier this month. The event, themed “surprise and shine,” is scheduled to start at 1 p.m. ET Wednesday. (You can stream it live here.)

Apple’s (AAPL) first foldable iPhone is widely expected to be part of the new lineup, along with premium models of the iPhone 18. Analysts at Morgan Stanley said they’ll be looking for new Apple watches and AirPods as well. A base model of the iPhone 18 might not be released until next spring, they told clients in a recent note.1

Morgan Stanley said Apple could also test demand in the face of “what are likely to be the broadest, and most significant, like-for-like iPhone price hikes in company history.”

Why This Matters to Investors
Wednesday’s event could represent the first major test for Apple under new CEO John Ternus, who took over the top job from Tim Cook at the start of the month.

Whether and how much Apple might raise prices for its iPhone lineup could be the biggest unknown heading into the event, according to analysts at JPMorgan, after Apple lifted prices across several products earlier this year. The analysts called it “the variable most likely to drive the reaction in shares.”2

Apple’s product launches typically tend to be “sell the news” events, as details about the iPhone maker’s plans are often reported ahead of time. The shares fell 1.5% the day after last year’s reveal of the iPhone 17 and thinnest-ever iPhone Air.

Wall Street is somewhat divided on Apple’s stock ahead of Wednesday’s event, with the seven analysts tracked by Visible Alpha split between five “buy,” one neutral, and two “sell” ratings. Their mean price target of $324 would suggest less than 3% upside from Tuesday’s close.

The stock, which dropped about 1% to $316 Tuesday, has gained about 16% since the start of the year, though it’s pulled back from its July record in the wake of a disappointing forecast.

Do you have a news tip for Investopedia reporters? Please email us at

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Equity markets have historically delivered lower returns in September than in other months, a phenomenon known as the September effect. Will the same thing happen this year? It's hard to say, but it's also not particularly important for investors focused on the long game. There are plenty of stocks worth buying that could beat the broader market over the long run, regardless of what happens this month. Here's one great example: Apple (AAPL -1.17%). The tech giant has a rock-solid business, excellent prospects, and a major potential catalyst coming up (very) soon.

Image source: The Motley Fool.

The start of a new era On Sept. 1, Tim Cook, the longtime CEO of Apple, stepped down from his position and became executive chairman of the company's board of directors. Apple's new CEO is John Ternus, the former vice president of hardware engineering. Since Tim Cook led Apple through a period in which it crushed broader equity indexes, many investors were not thrilled about his decision to step down as CEO.

However, John Ternus could start his tenure as CEO with a bang and help investors regain some confidence about the company’s outlook. On Sept. 9, the company will unveil a new lineup of products, probably including the newest iPhone. This event is always highly anticipated, but it is even more so this year, and not just because of the recent CEO change. Apple has reportedly been working on a foldable iPhone for some time and might finally reveal it to the world. A foldable iPhone could meaningfully move the needle for Apple.

Foldable smartphones launched by other brands have proved popular. Yet, the category still accounts for just 2% of the smartphone market, according to some estimates. There is plenty of room to grow, and if Apple launches a high-quality foldable phone, it could strengthen its ecosystem, enable it to retain more customers, and attract new ones.

The long-term view Apple's foldable iPhone may well disappoint investors and analysts, leading to a meaningful dip in the company's share price following its September event. Of course, the opposite could also happen. But it's important not to be too concerned with the stock's short-term movements. Whatever happens on Sept. 9, Apple will almost certainly still be an excellent stock to hold onto for a while. Here are three reasons why.

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First, the company's financial results have remained strong in recent years despite significant headwinds, including tariffs. In the third quarter of its fiscal year 2026, ended June 27, Apple's revenue climbed 16% year over year to $109.4 billion. Revenue growth has rebounded meaningfully in recent quarters, providing evidence that the iPhone can still drive strong top-line increases.

AAPL Revenue (Quarterly YoY Growth) data by YCharts

The company's earnings per share came in at $2.02, up 29% compared to the year-ago period. Apple's shares fell following its latest update, largely due to concerns about supply constraints. Still, the tech leader has performed fairly well in recent quarters, especially considering the broader economic environment. That speaks to the resilience of its underlying business. Second, Apple has a massive user ecosystem. It boasts an installed base of more than 2.5 billion devices, providing significant monetization opportunities.

Apple is already squeezing plenty of money out of its ecosystem with the many subscriptions it offers. But there is room for improvement, and as the company's high-margin services segment continues to grow, expect it to lift company-wide margins. Third, Apple generates more than enough cash to pour into R&D. The company's trailing-12-month free cash flow is $136.68 billion, up 38.4% year over year.

That grants Apple the flexibility to pursue opportunities in potentially lucrative areas, including artificial intelligence, while still rewarding shareholders with share buybacks and dividend increases. All of these factors make Apple an attractive stock to buy, regardless of how it performs this month.

U.S. stock futures are pointing to a mixed open early Wednesday, with tech and benchmark futures edging higher even as Brent crude surges toward $100 per barrel amid escalating U.S.-Iran military exchanges and ahead of Apple Inc.'s (NASDAQ:AAPL) annual product launch event.

Meta's ad engine is accelerating at a historic pace while the stock sits near a level that has historically signaled a cyclical floor, but the $130 billion capex bet hanging over the company changes every calculation an investor needs to…

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At $616.77, Meta Platforms (NASDAQ:META | META Price Prediction) is a Buy, and the reason has less to do with the size of the capex bill than with the price the market is charging to underwrite it. After a 17.35% one-year drawdown, investors are being handed the largest advertising franchise on the internet at a trailing multiple that historically marked a cyclical trough even though the company is in hyperscaler build mode.

Meta owns Facebook, Instagram, WhatsApp, Messenger, and Threads, plus the Reality Labs hardware unit that ships Meta Quest and Ray-Ban Meta glasses. The Family of Apps reached 3.60 billion daily active people in Q2 2026, and advertising still generated $59.36 billion of the quarter’s $60.80 billion in revenue.

What has brought the stock here is a straight collision between two facts. The ad engine is accelerating, with 28% revenue growth in Q2. At the same time, full-year 2026 capital expenditures have been guided to $130 billion to $145 billion, and free cash flow collapsed to $784 million in the quarter. The market has decided to price the spend before the returns.

Why the Ad Engine Alone Justifies the Multiple The bull case starts with a business that keeps accelerating. Ad impressions rose 14% in Q2 with price per ad up 12%, and Advantage Plus reached a $75 billion annual revenue run rate. AI-driven ranking changes drove an 8.3% increase in ad clicks on Facebook and a 15.7% uplift in conversions. The capex is already monetizing inside the core product.

Valuation is the second leg. Meta trades at a trailing P/E of 23 and a forward P/E of 18, with a PEG of 0.808. Gross margin sits at 82.0% and ROE at 30.24%. Analysts model 2027 revenue at roughly $305 billion.

Why the Capex Bill Could Break the Model The bear case is structural. Q2 operating margin compressed to 31% from 43% a year ago, total costs rose 55%, and long-term debt was raised to $83.66 billion to fund infrastructure. Annual capex has climbed from $37.256 billion in 2024 to $69.691 billion in 2025, and the 2026 range doubles that again (all of that spend has to be powered, cooled, and networked by somebody, which is the whole point of our free report on seven AI infrastructure suppliers that aren’t chipmakers: here).

ROI is the real question. Unlike Microsoft or Amazon, which monetize AI directly through enterprise cloud subscriptions (Azure and AWS), Meta is spending enterprise-cloud levels of capex on open-source Llama models and consumer features that produce no direct subscription revenue. Q2 EPS of $6.18 missed the $7.2214 estimate by 14.42%, ending a six-consecutive-quarter beat streak. Reality Labs added a $4.03 billion quarterly operating loss.

Why Patience Has a Real Case Too The hold argument is that the picture will not resolve for 12 to 24 months. Investors do not yet know whether the enterprise API, business agents, and compute-rental offerings Zuckerberg described will generate the returns needed to justify the depreciation stack now being built. Susan Li said Meta expects to remain “demand constrained” in the foreseeable future, which is bullish for utilization but silent on margin.

Two binary risks also argue for waiting. Q2 absorbed $2.4 billion in legal charges, and management flagged youth-related U.S. trials that may result in material losses. Q3 revenue guidance of $61 billion to $64 billion and the depreciation ramp into 2027 give an investor several clean check-in points before committing capital.

What the Numbers Actually Say About the Setup Meta trades at $616.77 against a consensus analyst target of $754.77, an implied upside of roughly 22%, though targets are one data point rather than a promise. The stock is down 6.4% year to date and 17.35% over one year, while the S&P 500 via SPDR S&P 500 ETF Trust (NYSEARCA:SPY) has returned 12.94% YTD and 18.65% over one year. That is roughly 35 percentage points of underperformance in a year.

Of the 62 analysts covering the stock, the breakdown is:

Strong Buy: 8 Buy: 47 Hold: 7 Sell: 0 Strong Sell: 0 No sell ratings against a stock trading below both its 50-day and 200-day moving averages is a specific signal.

Why $616 Is the Buy Print At $616.77, the setup favors accumulation.

The path to price appreciation runs through 2027 estimates. Consensus 2027 revenue of $305 billion and EPS of $33.95 imply that today’s price is roughly 18 times next-year earnings on a business still growing revenue in the high 20s. If capex plateaus while ad monetization keeps compounding at the pace shown by Generative Recommender and Advantage Plus, the operating margin snapback in 2027 does the work without needing a re-rating.

The catalysts that matter most are near. Q3 revenue of $61 billion to $64 billion, the Connect event on September 23, 2026, and the first quarter of clean commentary on Meta 1 subscription tiers and the business agent auction will all reprice the ROI question. Entry at $616 sits close to the 50-day moving average of $595.49 and well off the 52-week high of $788.22, which is where the risk/reward tightens.

The thesis is invalidated if 2027 capex guidance lands materially above 2026, if ad pricing decelerates below high single digits, or if a youth-litigation verdict lands in the billions. Watch quarterly free cash flow, price-per-ad growth, and any language around the 2027 depreciation curve. A stall in any of those flips the call.

The reason to own Meta at $616 is that the ad engine is already paying for the AI buildout while the stock is being priced as if it is not.

Contact [email protected] for any questions or corrections.

Meta is quietly assembling one of the largest AI compute empires on the planet, and the funding source hiding in plain sight changes everything about how you should value this stock.

I keep hitting the buy button on Meta, and I will say so plainly. The pitch, once you strip out the noise about Reels dances and glasses fashion shows, is straightforward: this company is quietly turning itself into one of the largest owners of AI compute on the planet, and it is paying for the buildout with cash thrown off by an ad machine that reaches 3.60 billion daily active people. A captive audience feeding a captive supercomputer is what keeps pulling me back.

Why the Ad Engine Is the Real Story Retirement money likes durability, and the core business earns it. In Q2 2026, Meta (NASDAQ:META | META Price Prediction) posted advertising revenue of $59.36 billion, up 27% year over year, with ad impressions up 14% and average price per ad up 12%. Volume and price both moved, which is the mark of a scarce advertising surface. Full-year 2025 operating cash flow reached $115.80 billion. That is the checkbook funding the AI plan.

Compute As a Second Product Line Meta’s 2026 capex guidance sits at $130 to $145 billion, up from $72.22 billion in 2025. Compute has become a second product line for the company. Mark Zuckerberg told analysts on the Q2 call that Meta is currently “demand constrained” and that industry capacity will stay tight “for the foreseeable future.” The company also announced a venture with BlackRock for a one-gigawatt data center in El Paso, Texas. Its business agents already reach more than 1 million businesses each week on WhatsApp and Messenger.

Balance Sheet That Can Actually Fund the Bet Meta ended Q2 with $90.3 billion in cash and marketable securities against $83.7 billion in debt. Return on equity runs at 30.2%, operating margin at 41.4%, and gross margin at 82.0%. Interest coverage sits at 71.5x. This is a balance sheet built to carry the buildout without shredding shareholders.

Why Not Alphabet or Amazon Instead The two names a long-term investor reaches for first are Alphabet (NASDAQ:GOOGL) and Amazon (NASDAQ:AMZN). I own some of both. I still keep buying Meta. Amazon trades at a higher P/E multiple with a slimmer operating margin, so every dollar of capex travels through a much thinner profit funnel than Meta’s 41.4%. Alphabet is cheaper on a P/E basis, but its 2026 capex plan is aimed largely at defending Google Cloud, which chases the same enterprise dollars Meta’s business agents are now targeting. Meta is spending less absolute capital, at higher margins, into a captive user base neither peer can replicate.

Risk I Own Up To Q2 2026 free cash flow fell to $784 million from $8.55 billion a year earlier, EPS missed by 14.42%, and Meta absorbed $2.40 billion in legal charges tied to youth-related regulatory matters. More trials are scheduled. What keeps me steady is that operating cash flow still climbed 24.65% to $31.86 billion in the same quarter. Meta chose to redirect that cash into physical AI capacity rather than let it sit.

Why the Buy Button Stays Active Meta trades at a P/E of roughly 22 while building one of the most valuable physical asset bases of the next decade: gigawatts of AI compute funded by the largest ad audience on Earth. All of that buildout has to be powered, cooled, and networked by someone, and we pulled together seven suppliers doing exactly that in a free report here. The stock is down 17.35% over the past year and still up 379.54% over the past ten. I keep buying because every quarter this thesis gets more concrete and the market keeps handing me shares at a discount to what Meta is actually building.

Contact [email protected] for any questions or corrections.

Australia looks poised to claw social media back to an earlier era, if it can convince users to actually opt in. The government of Australian Prime Minister Anthony Albanese shared new legislation Tuesday that targets personalized feeds — the sticky and lucrative recommendation algorithms baked into Meta (META)'s Instagram, Alphabet (GOOGL)'s YouTube, and ByteDance's TikTok.

Australia already influences social media policy globally. In December, it pushed through a ban on social media use under age 16, inspiring legislation in California and Texas, across Europe, and in the U.K. But investors seem to neither buy (nor sell) Australia's proposed opt-out button for default algorithmic feeds.

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Why Big Tech's Business Model Is Under Threat

It’s been 30 years since the Telecommunications Act was signed into law under President Clinton. It laid the foundation for the internet to run as an information superhighway, free from government regulation. But recent court cases are chipping away at the protections of Section 230, which has shielded tech companies from liability issues for decades. Investor’s Business Daily technology reporter Ryan Deffenbaugh discusses the implications of these legal rulings on the internet landscape.

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Meta stock was mostly flat in afternoon trading Tuesday, along with Alphabet, while Snapchat parent Snap (SNAP) edged lower. One explanation: This sort of pressure isn't totally new.

Australian Push Meets Meta's $18 Billion Settlement
There's no question algorithmic feeds have upped app usage while boosting tech giants' ad revenues, but app makers such as Meta have already felt some heat to curtail personalized recommendations in the U.S.

With its $18 billion settlement in August, Meta agreed to offer under-18 users the option to opt out of algorithmic feeds. The settlement also includes setting two-hour daily usage limits for teens. However, the Aussie government's "My Feed, My Way" legislation would extend such an offer to adults as well as teens over the age of 16.

You Can Still 'Doom Scroll'
The upshot of Australia's initiative could be greater control for users over the stuff they see in Australia and beyond, while limiting the ability of app makers to serve up posts as they see fit.

"This is not about giving government control," Prime Minister Albanese said in a statement to press. "If people want to doom scroll, as you call it, that's fine, that's up to them," he said.

For such legislation to have noteworthy business impact, hordes of users would have to opt in. In Australia, at least, such a rule wouldn't fly under the radar. "Social media platforms will be required to send a notification to new and existing users offering them a choice over their default feed," the Albanese government said.

Age-Related Bans In Parallel
The simultaneous push to limit kids' social-media use faces pushback from researchers and privacy advocates.

There's mixed evidence that social media restrictions improve peoples' well-being unilaterally, even for kids, and Australia's age rules have proved relatively easy to get around. Age-related restrictions that require ID uploads also create new privacy risks, exposing sensitive information to hacking threats while making it easier for governments to surveil users across the Internet.

Follow Harriet Weber on LinkedIn and Bluesky. Find her on Signal: hew.04.

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The new tool, which can perform tasks such as shopping and sending email, is Meta's latest attempt to monetize its massive AI investments.

Meta on Tuesday rolled out Muse, an artificial intelligence agent that acts as a personal digital assistant by autonomously using software apps and websites on behalf of people.

It is one of the first times that a major tech company has introduced a mass market agent, which is a type of A.I. that researchers predict will become more sophisticated than simple chatbots. Many agents can already do the tasks of office workers, like filling out spreadsheets. But while A.I. agents like OpenClaw are a popular tool among developers and programmers, they have yet to catch on widely.

Muse can be spoken to as if it were a chatbot and instructed to send emails, book travel reservations, make online purchases and do more through an app or through WhatsApp, which Meta owns, the company said. Muse also connects to Meta’s other apps, like Instagram and Facebook, to learn more about its user. And it can be linked to third-party apps like Spotify, Ticketmaster, Shopify, Gmail and OpenTable.

Mark Zuckerberg, Meta’s chief executive, has described Muse as Meta’s next breakthrough, which works “24/7 on your behalf to help achieve your goals and improve your life, your health, your relationships, your finances.”

Muse is among the first significant consumer A.I. products created by Meta Superintelligence Labs, which Mr. Zuckerberg established last year to propel his company forward in the A.I. race. Meta has been spending billions of dollars to develop foundational A.I. models and to build data centers so that it can compete with Google, OpenAI, Anthropic and others on the cutting edge of the rapidly evolving technology.

So far, Meta has had hits and misses. Products like its A.I. smart glasses have sold millions of pairs while stoking privacy concerns. In July, the company temporarily took down its Instagram A.I. image generator after widespread criticism about copyright and privacy.

The Muse app is free but has limits on usage, which people pay $20 or $100 a month to increase. The agent is only for adults and can be given a custom name and avatar.

When people link their accounts from OpenTable or Ticketmaster to Muse, it can send messages about upcoming concert tickets or restaurant reservations if it thinks its user might be interested, and book them with one click. Muse also connects to Stripe and Shopify, allowing it to make purchases on someone’s behalf. Muse is the first A.I. agent to be covered by Stripe’s warranties and return policy, in case it makes a purchasing mistake, Meta said.

Since A.I. is not foolproof, Meta says that the agent “will sometimes make mistakes” but that it was designed to “help the user stay in control without being overwhelmed.” The Silicon Valley company has created a program so people can report bugs in Muse for a reward. Meta has also said personal data collected by Muse, as well as the agent itself, is securely stored on its cloud servers and hardware.

The agent is powered by Muse Spark, the A.I. model that Meta released in April. The model was Meta’s first developed under Alexandr Wang, the company’s 29-year-old chief A.I. officer, whom Mr. Zuckerberg hired to remake the division last summer.

Muse Spark trails leading models from Anthropic and OpenAI, but Meta plans to release a more powerful model, internally called Watermelon, as soon as next month.

Meta said it also planned to add more features to Muse in the coming months, including integrating it with its smart glasses that have a camera and a voice assistant.

Meta introduced its AI personal agent app on Tuesday and is asking a subset of users to pay at a time when the company and broader artificial intelligence industry face intensifying scrutiny and public skepticism.

The app, which was given the internal code name Hatch, is powered by the Muse Spark family of foundation models that Meta AI chief Alexandr Wang has been debuting at a breakneck pace since April.

Meta said the Muse app lets people offload digital tasks like booking appointments, filling out electronic forms and even monitoring home security camera feeds to AI-powered assistants. The company designed the app so "it feels very approachable and friendly and explainable, and it doesn't feel too complicated," Wang told CNBC in an interview.

"Behind the scenes, Muse might be doing very advanced coding workflows, or building sophisticated integrations, or doing quite a lot of heavy lifting while keeping that very sort of simple for the user," Wang said.

Wang said the Muse personal agent will be available in either a free tier or through monthly subscription plans of $20 or $100, depending on usage.

Meta CEO Mark Zuckerberg, who hired Wang last year as part of a $14 billion investment in his startup, Scale AI, has been dropping hints to investors that the company's next big AI bet involves supercharged digital assistants that sift through emails or look for deals on furniture.

Zuckerberg has said that supercharged digital assistants represent the next big leap for AI models, pitching them as one of the reasons that Meta is spending heavily on data centers and infrastructure. In the company's earnings call in July, Zuckerberg said "new personal agents that will be the foundation for our next wave of products and revenue lines in the months and years ahead."

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Meta's launch of its personal assistant comes amid a particularly fraught time for the company. Meta recently agreed to pay nearly $17 billion in a major settlement with a coalition of state attorneys general that had sued the company for misrepresenting the prevalence of harm on apps like Facebook and Instagram. Meta still faces a wave of personal injury and school district lawsuits involving similar allegations.

Meanwhile, there are rising concerns about the potential cybersecurity risks posed by AI agents and their underlying foundation models, and the country faces a growing backlash against AI data centers and the companies that are building them.

But Meta is also under pressure from Wall Street to show returns on its AI investments, as the company tries to diversify its business and reduce its reliance on digital ads. The personal agent follows other newer initiatives like the Muse Code AI agent for developers and various subscription plans that Meta has recently rolled out to generate new lines of business.

In addressing security concerns, Wang said the app runs within "its own isolated environment" inside Meta's computing infrastructure, and "never sees your actual passwords or payment details and asks before doing anything sensitive."

Read more CNBC tech news'Model fatigue' sets in as AI labs race to roll out new versions at frenetic paceMeet the CISO: A new front-line star in the AI cybersecurity warMistral bags $24 billion valuation as Samsung leads funding for Europe's AI championTSMC, Samsung commit to ASML's newest chipmaking tools as AI drives demandUsers must opt out of letting Meta use their interactions with the Muse personal agent to train the company's AI models. If they don't, the company will scrub "critical personally identifying information" before using the agent conversations and interactions to improve AI models, said David Singleton, Meta vice president of engineering.

The company is exploring potential monetary initiatives, such as taking a cut of AI agent-related shopping transactions, but hasn't settled on any concrete plan, Wang said.

"We think the commerce business model is potentially really interesting for this product because of how much it enables people to to actually find the things that they are excited about and ultimately fulfill a lot of those purchases," Wang said.

Users of the Muse personal agent app will be able to see a feed that shows them various updates from their connected Facebook and Instagram accounts, or certain articles or stories gleaned from the web, depending on what they want the feed to aggregate and summarize. The agent will also be available via WhatsApp, but that version won't contain the app features like the feed or an ideas tool that recommends AI agent trips and tricks, Wang said.

"The core functionality that you have in the main conversation with your agent is the same across those two services," Wang said.

Meta is playing into a major industry trend. Since the rapid rise of OpenClaw, used by coders to manage the AI models powering digital assistants, companies like OpenAI and Google have introduced similar agentic tools and features alongside startups like Town.

Wang said the Muse personal agent is intended to be "more accessible to the broader audience," compared to competing products, but conceded that it's still "pretty early in in this new era of personal agents."

Meta is asking third-party security researchers to find vulnerabilities within the Muse personal agent through a so-called bug-bounty program that includes financial rewards if they discover certain issues.

"We've hardened Muse based on extensive dogfooding, agentic red teaming, and against issues found in real adversarial scenarios by security researchers in our private bug bounty program," the company said in a technical blog post.

Meta said the personal agent will be available to U.S. consumers via iOS, Android or through a standalone website. It will eventually be accessible through the company's Ray-Ban Meta glasses.

WATCH: Colorado AG says Meta lawsuit's most important takeaway is the change in behavior, not money.

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