Bloomberg News Now: Supreme Court on Birthright Citizenship, Border Patrol Fees, SpaceX Valuation, and More

Supreme Court and Birthright Citizenship

• ⚖️ The Supreme Court will review President Trump's plan to restrict automatic birthright citizenship, potentially requiring at least one parent to be a U.S. citizen or green card holder.
• 🗓️ Arguments are anticipated next year, with a ruling expected by July.

Border Patrol and Immigration Fees

• 💰 The U.S. Border Patrol has begun charging a $5,000 apprehension fee to individuals 14 and older arrested for illegal border crossings.
• 📜 This fee, approved by Congress, was in place since September, and unpaid fines will now be a debt owed to the U.S. government, potentially barring legal re-entry.

SpaceX Valuation and IPO Plans

• 🚀 SpaceX is preparing for a potential IPO, with insider share sales valuing the company at up to $800 billion, significantly higher than its previous $400 billion valuation.
• 🛰️ The company has also filed a trademark for "Starlink Mobile," indicating plans to establish a mobile carrier service using its satellite network.

Business and Investment News

• 🤝 SoftBank is in talks to acquire Digital Bridge Group, a data-center investor, aiming to capitalize on the AI-driven boom in digital infrastructure.
• 💡 Tommy Bravo advises investors against succumbing to FOMO (Fear Of Missing Out) regarding AI, warning that the hype could lead to significant mistakes in the private markets.

Housing Market and Visa Programs

• 🏠 Senator Ruben Gallego proposes using an employment-based visa program (Eb5) to encourage foreign investment in the U.S. housing market, aiming to increase supply and reduce costs.
• ✅ This initiative seeks to address housing affordability issues by extending visa program benefits to housing projects and expediting affordable housing applications.