XH4D/E+ via Getty Images This is my first coverage of Joby Aviation ( JOBY ). I recently wrote about Archer Aviation ( ACHR ), and I wanted to explore the eVTOL sector further, with the goal of finding the best "player" in the sector. You can find the article about Archer here. In this article, I will explain Joby's business and talk about the vertical integration they are trying to achieve by doi...
XH4D/E+ via Getty Images This is my first coverage of Joby Aviation ( JOBY ). I recently wrote about Archer Aviation ( ACHR ), and I wanted to explore the eVTOL sector further, with the goal of finding the best "player" in the sector. You can find the article about Archer here. In this article, I will explain Joby's business and talk about the vertical integration they are trying to achieve by doing the manufacturing in-house. Finally, I will talk about their valuation and why I see the company as a "Hold" in the short term, even though I have a bullish view on the emerging eVTOL sector in general. Macro Picture I believe that eVTOLs are the next "big thing" in the commercial aviation sector. Air transport over short distances is shifting toward electric propulsion, where battery density now allows it. Megacities like Los Angeles and New York are congested by traffic, and the eVTOL industry is in the perfect position to take advantage of this situation. I believe the technology trends are converging, allowing "Flying Cars" to finally become a reality. The old obstacle to urban air mobility was that helicopters were too loud and costly due to their build complexity. eVTOLs clearly solve this issue with electric propulsion that is quieter and cheaper. Replacing a large combustion engine with several electric motors reduces mechanical complexity while reducing emissions. Additionally, high-energy-density batteries, allowing for longer flights, are entering the market, with Amprius Technologies, Inc. ( AMPX ) announcing the launch of its 450 Wh/kg SiCore™ lithium-ion battery. According to Grand View Research, the global eVTOL industry is projected to reach approx. $29 billion by 2030 with a projected CAGR of 55%. Some other researchers view the TAM in 2030 as much larger, but I prefer to stay a bit conservative. Q4 2025 Earnings Report Joby reported Q4 2025 earnings in February 2026, significantly beating revenues. Top-line came in at $30.84 million against the expected...
Sezzle (NASDAQ: SEZL) is not only rapidly scaling its buy now, pay later (BNPL) lending business, but is creating a full-featured financial ecosystem, with many exciting products set to be launched in 2026 alone. In this video, I discuss Sezzle's blowout fourth quarter results, w
Sezzle (NASDAQ: SEZL) is not only rapidly scaling its buy now, pay later (BNPL) lending business, but is creating a full-featured financial ecosystem, with many exciting products set to be launched in 2026 alone. In this video, I discuss Sezzle's blowout fourth quarter results, w
Charterhouse Capital Partners , one of the UK’s oldest private equity firms, has raised about €1 billion ($1.2 billion) at the first close of its latest flagship fund, according to people familiar with the matter. The firm, which invests across Europe, is looking to raise €1.5 billion for its new fund, CCP XII, with a final close expected in the coming months, the people said, asking not to be ide...
Charterhouse Capital Partners , one of the UK’s oldest private equity firms, has raised about €1 billion ($1.2 billion) at the first close of its latest flagship fund, according to people familiar with the matter. The firm, which invests across Europe, is looking to raise €1.5 billion for its new fund, CCP XII, with a final close expected in the coming months, the people said, asking not to be identified confidential information. The previous fund, CCP XI, closed at €1.4 billion in 2023, they said, adding that fundraising for the new vehicle was launched last summer. A spokesperson for Charterhouse declined to comment on fundraising. Laser-focused on returns, investors are increasingly shifting to the European mid-market, where exit activity has proved to be more robust amid a slowdown in initial public offerings due to market volatility. Charterhouse has returned about €2 billion of proceeds to investors since 2023, Bloomberg News has previously reported . Last year, it sold Casa Optima, a gelato and pastry ingredient maker, to a group of investors led by consumer-focused private equity firm Terlos. It also sold a minority stake in Novetude Group, a health-care education platform, to Hayfin Capital and Peugeot Invest. Charterhouse, which invests in pan-European mid-market companies in the services and health care sectors, saw increased investor interest for its new fund from US investors, alongside global funds, at a time when limited partners are looking to diversify their holdings beyond the US, the people said. The firm typically buys companies with an enterprise value of €150 million to €1.5 billion. It hired former NatWest Group Plc boss Alison Rose as a senior partner in 2024. Charterhouse has already started deploying the new fund, announcing an acquisition of medtech company Winback in December.
Since 2016, the cosy, inclusive, non-heteronormative escapism of the beloved farming sim has inspired a community of devoted fans, and helped it shift 50m units When farming sim Stardew Valley first came out back in 2016, most of us saw it as a modest indie hit, offering charm, wit and a beautiful little world. Ten years later, this tiny indie has sold nearly 50m copies. If you haven’t played it y...
Since 2016, the cosy, inclusive, non-heteronormative escapism of the beloved farming sim has inspired a community of devoted fans, and helped it shift 50m units When farming sim Stardew Valley first came out back in 2016, most of us saw it as a modest indie hit, offering charm, wit and a beautiful little world. Ten years later, this tiny indie has sold nearly 50m copies. If you haven’t played it yourself, you’ve probably seen someone playing it on the train (or, in the case of one of my musical theatre castmates, in the dressing room between scenes). As we discussed on the Tech Weekly podcast shortly after its launch, this calming game about tending crops and animals and relationships with neighbours rejuvenated the entire farming/life sim genre. To this day, I still get press releases promising that some upcoming cosy game or another is the next Stardew Valley. While developer Eric “ConcernedApe” Barone now has a small team to help with periodic updates, the original game – his first – was all his own work, from the distinctive pixel art and animations to the soundtrack that has since toured the world in concert . Unable to get a job after university, he’d started his own project inspired by the Harvest Moon series (now called Story of Seasons). One notable addition was the inclusion of queer romance options. The ability to pursue a romantic relationship with other townsfolk is a key part of the game’s popularity – as demonstrated by the thousands who tuned in to a video from Barone revealing the identities of two new marriage candidates – and the fact that all potential spouses are available to the player character regardless of gender has helped the game garner a dedicated queer fanbase. Continue reading...
*Other Operating Data Consensus Source: Bloomberg More on Uniti Group Uniti Group Investors Have Suffered Over The Years, And It Could Get Much Worse Uniti Group Inc. (UNIT) Presents at Bank of America Leveraged Finance Conference Uniti Group Inc. (UNIT) Presents at Bank of America Leveraged Finance Conference Transcript Uniti Group Q4 Earnings Preview Top small-cap communication services stocks s...
*Other Operating Data Consensus Source: Bloomberg More on Uniti Group Uniti Group Investors Have Suffered Over The Years, And It Could Get Much Worse Uniti Group Inc. (UNIT) Presents at Bank of America Leveraged Finance Conference Uniti Group Inc. (UNIT) Presents at Bank of America Leveraged Finance Conference Transcript Uniti Group Q4 Earnings Preview Top small-cap communication services stocks surging above 200-day moving average
There have unfortunately been enough outbreaks of Middle East conflict in recent decades for Wall Street to have compiled a playbook for investors to navigate them. The standard patterns are being recited this morning, after the weekend's attacks on Iran and its retaliatory moves, and they should be kept in mind for sure: Regional military conflicts rarely end a bull market (indeed they've sometim...
There have unfortunately been enough outbreaks of Middle East conflict in recent decades for Wall Street to have compiled a playbook for investors to navigate them. The standard patterns are being recited this morning, after the weekend's attacks on Iran and its retaliatory moves, and they should be kept in mind for sure: Regional military conflicts rarely end a bull market (indeed they've sometimes coincided with their start, in 1990 and 2003). The conduit from geopolitics to financial markets is the oil price, which typically needs a massive jump to swing the macroeconomic path. The initial retreat from risk assets tends not to last long and has relatively quickly been recouped, so long a the economy was not already in recession or stocks in a bear market (such as after the 9/11 attacks in 2001). The tricky part now is that the markets have already been caught in an uneasy equilibrium, with a clear bullish consensus built on a quickening economy, AI enthusiasm and a "clean" 2026 policy outlook undergoing persistent scrutiny. The current geopolitical jolt comes as financial markets have been confused by overlapping and somewhat contradictory cyclical story lines: A rush to play an early-cycle revival of industrial activity globally, some late-cycle fissures emerging at the riskier end of the credit complex and an expanding end-times anxiety about the potential job-displacing impact of runaway AI development. The early-cycle reacceleration theme remains evident in reinvigorated commodities (even before the conflict-related oil pop). But among the favorite cyclical sectors entering the year, only industrials have truly continued to lead, with financials and consumer discretionary flagging. The Treasury yield curve is no longer steepening and overall yield levels receding toward cycle lows complicates the "run-it-hot" story a bit. The stress in some private-credit portfolios is not so much the result of broad economic weakness as it is a function of marginal borrowers...