In Week 4, EV/IC eased further to 6.60x while the group’s forward ROIC remains at 3.07x, keeping valuations within the fair value range with no bubble signal.

In high-adoption organisations, 77% of employees now use coding assistants. Software engineering currently shows some of the highest adoption rates and the most measurable productivity gains of any vertical

A valuation in the region of $2 trillion makes SpaceX the largest IPO in history by a wide margin and could absorb substantial capital from both institutional and retail investors. Looking further ahead, potential IPOs from Anthropic and OpenAI would likely exert additional pressure on available liquidity.