Bashar Al-Kilani, founder of the innovation company AI360, affirmed that global financial markets are undergoing a fundamental shift in how they deal with major technology companies, especially artificial intelligence companies, pointing out that the rise of companies like SpaceX reflects a profound change in the pricing and valuation mechanisms that investors have relied on over the past decades.

He said that the number of trillion-dollar companies and major AI companies is constantly increasing, explaining that if companies like OpenAI and Anthropic join public markets through future initial public offerings, these companies would constitute about a third of the US market and approximately a fifth of the global market.

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He added that financial indices are now forced to adapt to this new reality by developing their rules and mechanisms to allow the integration of these giant companies and benefit from their growing influence on the global economy, noting that markets are moving towards a new phase that differs from the traditional economic model.

He pointed out that the AI-based economy imposes new concepts in company valuation, which differ significantly from the economic principles historically used to calculate the fair value of assets and listed companies.

He explained that SpaceX enjoys broad support from investors who are betting on its future vision, affirming that a number of major investment banks expect its market value to continue growing in the coming period, and some estimates even indicate the possibility of its value doubling over the next 12 months.

He added that what is happening today can be described as a restructuring of global financial markets to align with the requirements of the AI economy, not just a temporary rise in stock prices.

He affirmed that most of the growth witnessed in markets over the past few years has come from major companies related to artificial intelligence, pointing out that the largest financial institutions still view this sector as one of the most attractive investment areas and continue to issue supportive recommendations for stocks associated with it.

He noted that some indices, such as the Nasdaq, have adjusted their rules and guidelines to accommodate this new reality, explaining that excluding giant companies from major indices has become difficult to justify given their size and growing impact on markets.

He added that SpaceX's inclusion has allowed the company to reach a broader range of investors, including major investment portfolios, pension funds, and institutional investment funds, which enhances its presence in financial markets and increases its investment attractiveness.

He pointed out that investor confidence in artificial intelligence is no longer limited to future expectations alone, but has become a growing conviction that this technology is leading a new phase of economic and industrial growth.

He concluded by stressing that the artificial intelligence market has adopted different standards from those previously used in company valuation, reflecting a broad shift in investment philosophy and pricing mechanisms within global financial markets.

It is worth noting that SpaceX officially joined the Nasdaq 100 index as of Tuesday, meaning that investors in index-linked funds will be automatically exposed to the company's stock, even without a direct decision to invest in it.

Index funds and mutual funds that track the Nasdaq 100, managing assets close to $800 billion, will buy SpaceX shares at Monday's closing price to mimic the index's performance, most notably the famous Invesco QQQ fund.

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