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Here's your afternoon T&B Tech Minute for Wednesday, September 24th. I'm Julie Chang for the Wall Street Journal.

Crypto-giant Tether is seeking a $500 billion valuation. That's according to Bloomberg and the Financial Times.

The company, which operates the world's largest stable coin, says it's in talks to raise as much as $20 billion in equity

in exchange for a roughly 3% stake. Wall Street firm Cantor Fitzgerald is said to be advising

lead investors in the deal. Cantor is also an investor in Tether, a spokeswoman for the firm

declined to comment. NASA is racing to get back to the moon. The agency has confirmed plans to

send astronauts on a lunar flyby as soon as early February, but no later than April.

Officials said the Artemis 2 mission will get a four-person crew to orbit around the moon after a

four-day trip there. But the Artemis program has struggled with delays. Here's

Commander Reid Wiseman at a briefing earlier today. It has been an amazing journey the last two

and a half years, and we really see the light at the end of the tunnel. NASA hasn't taken cruise to

the lunar surface since 1972. This comes at a time when China has been advancing its own lunar effort, setting plans to

send people there toward the end of the decade. And tech stocks are pulling back for a second day in a row.

The NASDAQ was down half a percent this afternoon after a decline yesterday. All the magnificent

seven stocks were flat to lower, except for Tesla,

which was up a couple of percentage points. Some investors worry that the hefty price tag of

artificial intelligence could continue to weigh on stocks. On the flip side, Chinese tech stocks fared

better as Alibaba upsized its pledge to spend on AI and released a new model.

And that's it for your T&B Tech Minutes for today.

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