US Space Stocks Soar as Virgin Galactic Surges Over 16%

On June 11, CNN reported that the Pentagon faced a hazardous materials incident, with firefighters on scene. Multiple floors have been evacuated, and the U.S. Department of Defense has placed the facility on lockdown. (Golden Ten)

**OpenAI Acquires Ona, Integrating Secure Cloud Tech into Codex Ecosystem (June 11)** On June 11, OpenAI announced it has acquired Ona, integrating Ona’s secure cloud execution and orchestration technology into the Codex ecosystem. The deal will expand Codex’s offerings to provide secure, customer-controlled cloud infrastructure for long-running AI agents used in software and knowledge work. Currently, over 5 million people use Codex weekly for research, analysis, building, and automation—a 400% surge since the start of this year. As Codex’s capabilities grow, its highest-value work is shifting from minute-scale tasks to those spanning hours or days. Ona’s technology delivers a secure, persistent environment where AI agents can access the tools, systems, and context they need to advance tasks over time. By integrating Ona, OpenAI plans to move Codex away from a model reliant on a single device or active session, toward a setup that runs continuously in a customer’s cloud environment.

June 11, per a Bloomberg report, senior national security officials from the United Arab Emirates and Iran held their first face-to-face meeting since the U.S. carried out strikes on Tehran. Sources noted this week’s talks mark a notable shift in both sides’ stances, as they increasingly prioritize building a more stable bilateral relationship. The UAE leadership aims to advance its ambitious economic projects—including billions in planned investments to boost oil production capacity and build an artificial intelligence data center—on schedule. For Iran, ties with the UAE are equally critical: pre-war, the UAE was Iran’s largest Gulf trading partner and a key conduit for its sanctioned oil exports. Since the war erupted in late February, Iran has targeted the UAE in more attacks than any other country. Abu Dhabi has retaliated multiple times, positioning itself as the Arab neighbor taking the hardest line against Iran. Now, the UAE appears to be following the path of Qatar and Saudi Ar

On June 11, NEAR Protocol officially launched its Near@3.33 Incentive Milestone Plan, targeting users who use the protocol’s cross-chain private transaction execution tool, Confidential Intents, via their website. To date, no tokens have been added to users’ accounts under this initiative. Once Confidential Intents’ total value locked (TVL) hits $70 million, the system will take a snapshot and distribute milestone tokens to eligible accounts. Past user activity counts toward their allocation quota and will stay updated until the snapshot condition is fulfilled—meaning new users who join now and ramp up their activity can still secure a larger allocation share. Drop 1 of the plan will roll out 333,333 milestone tokens. These tokens are locked rewards and are initially non-transferable and non-sellable. Once NEAR’s volume-weighted average price (VWAP) holds steady at $3.33 or higher for three consecutive days, the milestone tokens will convert to NEAR at a 1:1 ratio. Key eligibility ru

Glassnode stated in a post on June 11 that the 30-day moving average of U.S. spot Bitcoin ETF trading volume has plunged 78% from $4.4 billion daily in October 2025 to $0.96 billion currently. Combined with the prior 49% drop in trading volume at DAT Company, two key Bitcoin exposure channels in traditional financial markets are now flashing the same signal: speculative demand for BTC in traditional markets has weakened significantly.

SpaceX is set to go public on June 11, with a marked valuation gap versus its peers in the space and AI sectors. While SpaceX looks undervalued relative to other space industry players, its valuation comes in higher when compared to AI and cloud computing companies. At a projected valuation of nearly $1.75 trillion, SpaceX’s price-to-sales ratio is roughly 52 times—far above the average for large tech firms, but below some of its space sector counterparts. Valuation approaches vary drastically across SpaceX’s Starlink, core space operations, and AI units, and investors remain divided over how to categorize the firm for valuation purposes: as an infrastructure company, a telecom operator, or an AI-driven technology business.