New Technology / New Space
Big Tech Selloff and Space Exploration
Track New Space companies, commercial launches, orbital infrastructure and strategic space technology through curated summaries.
Source material: Big Tech Selloff May Signal Turning Point | Bloomberg Tech 3/30/2026
Key insights
- The Federal Reserve is grappling with supply shocks, especially in the oil sector, which hampers its ability to manage inflation effectively. This uncertainty complicates the Feds economic forecasts and responses
- Despite current inflation challenges, the Fed is optimistic about achieving its 2 percent inflation target in the long run. However, the ongoing inflationary pressures raise concerns about their impact on demand and economic growth
- Recent comments from Fed Chair Jerome Powell have led to market shifts, with futures indicating possible interest rate cuts. This reflects investor uncertainty regarding the Feds future actions amid economic instability
- Rising energy prices, exacerbated by the conflict in Iran, pose additional challenges for inflation management. The situation is further complicated by mixed signals from President Trump about U.S
- The relationship between energy prices and the overall economy will be critical for the Feds policy decisions. The central bank is expected to proceed cautiously, assessing inflations effects across different sectors before implementing major changes
- The Federal Reserve is facing significant challenges due to supply shocks, particularly in the oil sector, which complicate its inflation management. Despite these pressures, the Fed remains optimistic about achieving its long-term inflation target of 2 percent.
Perspectives
Analysis of tech market dynamics and space exploration initiatives.
Proponents of Tech Recovery
- Highlights potential buying opportunities in tech due to low valuations
- Argues that historical trends indicate future outperformance in tech sectors
- Claims that the technology sector is experiencing its lowest valuations in over a decade
Skeptics of Tech Recovery
- Questions the sustainability of tech profits amidst disruptive technologies like AI
- Denies that historical patterns will guarantee future performance
- Rejects the notion that current market fears are unfounded, citing potential economic impacts
- Accuses the market of being overly optimistic about tech recovery without addressing underlying risks
- Challenges the assumption that the disconnect between valuation and profitability will resolve positively
Neutral / Shared
- Notes that the Federal Reserve is cautious about rate increases due to supply shocks
- Observes that the Artemis II mission is a test of collaboration between established and new space companies
Metrics
growth
2 percent %
Fed's long-term inflation target
Achieving this target is crucial for economic stability.
the Fed will get inflation down to 2 percent at some point.
growth
4.10 of 1%
S&P-500 intraday movement
Indicates market response to Fed's comments.
the S&P-500 intraday, up 4.10 of 1%.
other
nine basis points percentage points
Yield movement across the curve
Shows market reaction to Fed's uncertainty.
let's go ahead and call that nine basis points.
valuation
the sector is now in the bottom third of its cheapest
current valuation status of the technology sector
This indicates a potential buying opportunity for long-term investors.
the sector is now in the bottom third of its cheapest when you look back to the data since the 60s.
historical occurrence
you only see this happen two percent of the time
historical context of valuation and profitability disconnect
This rarity indicates potential market instability.
you only see this happen two percent of the time.
oil_price
$102 USD
current WTI crude oil price
High energy prices can impact corporate profits and consumer spending.
I'm taking a look at WTI crude. It's up to $102 a barrel.
oil_price
$112 USD
current Brent crude oil price
Brent is at about $112 a barrel.
investment
one of 11 positions within the fund positions
the number of investments in the Buttonwood fund
This indicates a diversified investment strategy within the fund.
Space six is one of 11 positions within the but would first access fund
Key entities
Timeline highlights
00:00–05:00
The Federal Reserve is facing significant challenges due to supply shocks, particularly in the oil sector, which complicate its inflation management. Despite these pressures, the Fed remains optimistic about achieving its long-term inflation target of 2 percent.
- The Federal Reserve is grappling with supply shocks, especially in the oil sector, which hampers its ability to manage inflation effectively. This uncertainty complicates the Feds economic forecasts and responses
- Despite current inflation challenges, the Fed is optimistic about achieving its 2 percent inflation target in the long run. However, the ongoing inflationary pressures raise concerns about their impact on demand and economic growth
- Recent comments from Fed Chair Jerome Powell have led to market shifts, with futures indicating possible interest rate cuts. This reflects investor uncertainty regarding the Feds future actions amid economic instability
- Rising energy prices, exacerbated by the conflict in Iran, pose additional challenges for inflation management. The situation is further complicated by mixed signals from President Trump about U.S
- The relationship between energy prices and the overall economy will be critical for the Feds policy decisions. The central bank is expected to proceed cautiously, assessing inflations effects across different sectors before implementing major changes
05:00–10:00
The technology sector is experiencing its lowest valuations in over a decade, which historically correlates with stronger future performance. Despite current devaluation, many tech companies are achieving peak profitability, indicating a potential market correction.
- The recent decline in Big Tech stocks has sparked investor concerns about a potential market turning point, suggesting possible buying opportunities due to current undervaluation
- The technology sector is now at its lowest valuations in over ten years, historically linked to stronger future performance, indicating a favorable risk-reward scenario for long-term investors
- Despite the downturn, many tech companies are experiencing peak profitability, highlighting a rare disconnect between valuation and operating profit that could signal a significant market correction
- Fears of artificial intelligence disrupting the software industry have raised concerns about a value trap in tech investments, although similar pricing dynamics have occurred during past financial crises
- The software sector is facing notable devaluation despite strong profitability, a situation that has only been seen a few times historically, suggesting potential for a market rebound
- Investors should evaluate the long-term implications of the tech selloff, as lower valuations increase the likelihood of outperformance, marking a critical moment for strategic assessment
10:00–15:00
The technology sector is experiencing significant sell-offs, raising doubts about a market turning point, yet analysts suggest current low valuations may present buying opportunities. Despite fears of bankruptcies, there is optimism for innovation and new product development, indicating a historical trend of reinvention in tech.
- The tech sectors significant sell-off adds to doubts about a potential market turning point, with analysts suggesting that current low valuations may offer buying opportunities
- Despite fears of bankruptcies in the software industry, there is optimism for innovation and new product development, reflecting a historical trend of reinvention in tech
- Heightened fear in the market often precedes recoveries, indicating that current investor anxiety could lead to long-term gains
- While high energy prices are affecting the tech industry, the impact may be mitigated by reduced oil intensity in the economy, positioning the sector to better handle these costs
- The rare disconnect between high profitability and declining valuations in tech has historically signaled significant market shifts, suggesting a potential for change
- NASAs upcoming mission to return astronauts to the moon is a crucial step in advancing U.S. space ambitions
15:00–20:00
NASA's Artemis II mission marks the return of astronauts to the moon after over 50 years, serving as a critical test for future lunar landings. The mission combines traditional contractors with newer companies like SpaceX, reflecting a shift in contracting methods in space exploration.
- NASAs Artemis II mission will return astronauts to the moon for the first time in over 50 years, serving as a critical test for future lunar landings and U.S. space ambitions
- Rising concerns about Chinas lunar goals have sparked discussions on the necessity for the U.S. to sustain its leadership in space exploration
- The Artemis program combines traditional contractors with newer companies like SpaceX, testing the effectiveness of diverse contracting methods in space missions
- SpaceXs anticipated IPO could generate $75 billion, potentially valuing the company at $1.75 trillion, reflecting the increasing interest in the private space sector
- Elon Musks Terafab initiative aims to reduce SpaceXs reliance on suppliers like Nvidia, potentially strengthening its competitive position in the space and AI markets
- Investing in SpaceX is viewed as supporting an innovative ecosystem led by Musk, where the integration of AI and space infrastructure may create a unique market advantage
20:00–25:00
SpaceX is establishing a strong competitive position in satellite deployment, challenging companies like Amazon. The Buttonwood fund is preparing to go public, highlighting growing investor interest in innovative firms such as SpaceX and Anthropic.
- SpaceXs advanced ecosystem is challenging competitors like Amazon in satellite deployment, potentially transforming the space industry
- The Buttonwood fund plans to go public in May or June, reflecting rising interest in innovative companies such as SpaceX
- Buttonwoods investment strategy focuses on both public and private companies, offering unique opportunities for investors interested in pre-IPO ventures
- Anthropic is set to surpass its rival XII by targeting enterprise customers and adopting a cautious approach to AI, which may accelerate its growth
- The merger between XII and Anthropic is expected to enhance XIIs competitive capital, but Anthropics established market presence may still provide an advantage
- Investors are increasingly attracted to high-tech companies like SpaceX and Anthropic, indicating a shift in the investment landscape towards technological innovation