On February 17, 2026, Sessa Capital disclosed a major buy of Sotera Health (SHC +2.78%), adding 10,630,381 shares in an estimated $175.80 million trade based on quarterly average pricing. What happened According to a filing with the Securities and Exchange Commission dated February 17, 2026, Sessa Capital purchased 10,630,381 additional shares of Sotera Health in the fourth quarter. The estimated ...
On February 17, 2026, Sessa Capital disclosed a major buy of Sotera Health (SHC +2.78%), adding 10,630,381 shares in an estimated $175.80 million trade based on quarterly average pricing. What happened According to a filing with the Securities and Exchange Commission dated February 17, 2026, Sessa Capital purchased 10,630,381 additional shares of Sotera Health in the fourth quarter. The estimated transaction value is $175.80 million, calculated using the average closing price for the quarter. The fund’s quarter-end position value in Sotera Health rose by $206.47 million, a figure reflecting both trading activity and stock price movement. What else to know The post-trade stake represents close to 7% of Sessa Capital’s 13F reportable assets under management. Top holdings after the filing: NASDAQ: WBD: $1.31 billion (26.1% of AUM) NYSE: HUM: $593.94 million (11.8% of AUM) NASDAQ: ILMN: $446.48 million (8.9% of AUM) NYSE:PCG: $394.97 million (7.9% of AUM) NYSE:COF: $377.65 millino (7.5% of AUM) As of Monday, SHC shares were priced at $13.99, up 18% over the past year and slightly outperforming the S&P 500’s roughly 15% gain in the same period as a result. Company overview Metric Value Price (as of Monday) $13.99 Market capitalization $4.0 billion Revenue (TTM) $1.2 billion Net income (TTM) $77.9 million Company snapshot Sotera Health offers sterilization services (gamma, electron beam, and EO processing), laboratory testing, and advisory solutions for medical device, pharmaceutical, and related industries. The firm serves medical device manufacturers, pharmaceutical companies, and food/agricultural product providers globally. It maintains a global footprint with a diversified revenue base and high customer retention. Sotera Health is a leading provider of sterilization and lab testing services, supporting critical supply chains in healthcare and life sciences. With specialized technology and regulatory expertise, it maintains recurring revenue streams and serves as a ke...
Find winning stocks in any market cycle. Join 7 million investors using Simply Wall St's investing ideas for FREE. Silicon Motion Technology (NasdaqGS:SIMO) announced new enterprise SSD controllers at NVIDIA GTC 2026. The company showcased purpose built storage solutions for AI infrastructure, including secure boot options for hyperscale and enterprise data centers. The new controllers are designe...
Find winning stocks in any market cycle. Join 7 million investors using Simply Wall St's investing ideas for FREE. Silicon Motion Technology (NasdaqGS:SIMO) announced new enterprise SSD controllers at NVIDIA GTC 2026. The company showcased purpose built storage solutions for AI infrastructure, including secure boot options for hyperscale and enterprise data centers. The new controllers are designed for power efficiency, security, and high performance, with adoption by industry partners highlighted at the event. For readers following storage and AI hardware, Silicon Motion sits at the intersection of flash controllers and data intensive workloads. As AI models and data center deployments grow more complex, attention is shifting to how quickly and reliably data can be fed to GPUs and accelerators. This makes controller design, firmware capabilities, and power management central to how storage fits into large scale AI infrastructure. The latest announcements from NasdaqGS:SIMO speak directly to those requirements, particularly for hyperscale buyers evaluating total cost of ownership, performance per watt, and security features such as secure boot. Investors tracking the AI supply chain may want to observe how these new controllers are designed into enterprise SSDs and how partnerships around these platforms develop over time. Stay updated on the most important news stories for Silicon Motion Technology by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on Silicon Motion Technology. NasdaqGS:SIMO Earnings & Revenue Growth as at Mar 2026 We've flagged 2 risks for Silicon Motion Technology. See which could impact your investment. Quick Assessment ✅ Price vs Analyst Target : At US$123.76 vs a consensus target of US$157.20, the price is about 21% below where analysts sit. ❌ Simply Wall St Valuation : Shares are trading 57.3% above the platform's estimated fair value, flagging a rich valuation. ❌ Recent Momentum: Th...
Key Points Tesla plans to increase its solar capacity to 100 GW by the end of 2028. It will buy a lot of solar equipment from China to achieve that goal. These 10 stocks could mint the next wave of millionaires › Tesla (NASDAQ: TSLA) is reportedly in talks to purchase up to $2.9 billion in solar equipment from a group of Chinese suppliers. That big purchase would mark a major step toward Tesla's g...
Key Points Tesla plans to increase its solar capacity to 100 GW by the end of 2028. It will buy a lot of solar equipment from China to achieve that goal. These 10 stocks could mint the next wave of millionaires › Tesla (NASDAQ: TSLA) is reportedly in talks to purchase up to $2.9 billion in solar equipment from a group of Chinese suppliers. That big purchase would mark a major step toward Tesla's goal of deploying 100 GW of "solar manufacturing from raw materials on American soil before the end of 2028". It might initially seem odd for an electric vehicle (EV) maker to invest heavily in solar energy, but Tesla also produces its own solar panels and home batteries. Over the long term, it aims to evolve from an EV maker into a "full-stack" green energy company. Three Chinese solar companies could benefit from Tesla's spending spree: Suzhou Maxwell Technologies, Shenzhen SC New Energy Technology, and Laplace Renewable Energy Technology. However, it can be tough for U.S. investors to buy these three stocks. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Why is it tough to invest in these solar stocks? Suzhou Maxwell, a leading producer of screen-printing equipment for solar cell manufacturing, and Shenzhen SC New Energy Technology, which develops crystalline silicon production equipment, both list their A-shares on the Shenzhen Stock Exchange. Laplace Renewable Energy, a provider of process equipment and solutions for photovoltaic cells, trades on China's STAR Market. None of these stocks is available as an ADR or OTC stock for U.S. investors. Instead, the easiest way to gain exposure to these three stocks -- and other leading Chinese solar companies -- is to simply invest in a U.S.-listed exchange-traded fund (ETF) that holds them. For example, iShares Global Clean Energy ETF (NASDAQ: ICLN) holds Suz...
Find your next quality investment with Simply Wall St's easy and powerful screener, trusted by over 7 million individual investors worldwide. NVIDIA, ticker NasdaqGS:NVDA, is working with major U.S. utilities and Emerald AI on grid-connected AI factories designed to support power flexibility and grid reliability. The company is also partnering with Asylon to integrate edge-to-cloud AI into next-ge...
Find your next quality investment with Simply Wall St's easy and powerful screener, trusted by over 7 million individual investors worldwide. NVIDIA, ticker NasdaqGS:NVDA, is working with major U.S. utilities and Emerald AI on grid-connected AI factories designed to support power flexibility and grid reliability. The company is also partnering with Asylon to integrate edge-to-cloud AI into next-generation autonomous security robots for real-time physical security analytics. These developments connect NVIDIA's AI platforms to both the energy backbone and live, on-site security operations for enterprises. NVIDIA, recently trading at about $172.7 per share, is positioned at the center of AI infrastructure and deployment while carrying a very large 3-year and 5-year return record. The stock has seen a 42.3% gain over the past year, although recent shorter-term returns, including a 7% decline over the past 30 days, show that the share price can be volatile even when long-term figures are very large. For investors watching NasdaqGS:NVDA, these power grid and security robotics developments illustrate how AI is being tied directly to critical infrastructure and on-the-ground operations. The focus on grid-connected capacity and real-time physical security may influence how enterprises approach AI deployment, utility partnerships, and capital allocation into AI-heavy projects over the coming years. Stay updated on the most important news stories for NVIDIA by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on NVIDIA. NasdaqGS:NVDA Earnings & Revenue Growth as at Mar 2026 4 things going right for NVIDIA that this headline doesn't cover. Quick Assessment ✅ Price vs Analyst Target : At about US$172.70 vs a consensus target of roughly US$269.58, the price sits about 36% below analyst expectations. ⚖️ Simply Wall St Valuation : The shares are described as trading close to estimated fair value, so not flagged as meaningful...
Iran-linked cyber attacks disrupting operations at companies , including Stryker, are raising new concerns for US businesses and exposing gaps in AI security. Cyberwar doesn’t stop when the fighting does. In fact, it escalates. Nadav Zafrir, CEO of Check Point joined Bloomberg Interest to talk about how AI is fueling faster, more powerful cyberattacks, and why the world is more vulnerable than it ...
Iran-linked cyber attacks disrupting operations at companies , including Stryker, are raising new concerns for US businesses and exposing gaps in AI security. Cyberwar doesn’t stop when the fighting does. In fact, it escalates. Nadav Zafrir, CEO of Check Point joined Bloomberg Interest to talk about how AI is fueling faster, more powerful cyberattacks, and why the world is more vulnerable than it realizes right now. (Source: Bloomberg)
Micron Technology's stock experienced a downward movement with significant intraday volatility following its second-quarter fiscal 2026 earnings report. Despite the company announcing record financial results for the quarter ended February 26, 2026, and providing exceptionally strong guidance for the upcoming third quarter, the market reacted with apprehension. The primary factor driving this nega...
Micron Technology's stock experienced a downward movement with significant intraday volatility following its second-quarter fiscal 2026 earnings report. Despite the company announcing record financial results for the quarter ended February 26, 2026, and providing exceptionally strong guidance for the upcoming third quarter, the market reacted with apprehension. The primary factor driving this negative sentiment appears to be investor concerns surrounding Micron's aggressive capital expenditure plans. The company outlined substantial investments exceeding $25 billion for fiscal 2026 to expand its manufacturing capacity, aiming to meet the burgeoning demand for memory solutions in the artificial intelligence (AI) sector. While these investments are intended to capitalize on the strong market for high-bandwidth memory (HBM) and DRAM, some investors and analysts are interpreting this as a potential precursor to future oversupply, which historically has led to pricing pressure and margin erosion in the cyclical memory chip industry. This "sell the news" reaction suggests that the market is weighing the long-term cyclical risks against the impressive current performance. Indeed, Micron's Q2 FY2026 results were strong, with significant increases in revenue and earnings per share, largely driven by robust demand from the AI infrastructure build-out and tight industry supply. The company also increased its quarterly dividend, reflecting confidence in its business strength. Furthermore, Micron's HBM3E and upcoming HBM4 products are reportedly sold out for 2026, underscoring the immediate strong demand environment. Despite the short-term market reaction, overall analyst sentiment remains largely positive, with many firms maintaining "Buy" ratings and raising price targets, emphasizing the ongoing "AI memory supercycle." However, the intraday volatility on this trading day reflects a divergence in investor views, where the undeniable financial strength and AI-driven tailwinds a...
urbazon/E+ via Getty Images Investment thesis Kits Eyecare Ltd. ( KITS:CA ) ( KTYCF ) declined by around 12% in a single day after good results that fell short of the high expectations reflected in its demanding valuation, and it's down 20% in the last month. With the business still growing rapidly, expecting 30% sales growth in the first quarter of 2026, and investing in AI smart glasses as a val...
urbazon/E+ via Getty Images Investment thesis Kits Eyecare Ltd. ( KITS:CA ) ( KTYCF ) declined by around 12% in a single day after good results that fell short of the high expectations reflected in its demanding valuation, and it's down 20% in the last month. With the business still growing rapidly, expecting 30% sales growth in the first quarter of 2026, and investing in AI smart glasses as a value proposition, I believe the recent sell-off finally created a buying opportunity in a high-growth company that delivered a 135% stock return in the year before the recent drop. Business Kits Eyecare is like an e-commerce company but focused on contact lenses and eyeglasses, cutting out many of the intermediaries found in the traditional optical industry. At first glance, it may look like just another e-commerce player, but in my opinion, what makes the model interesting is how vertically integrated it is. Orders are placed through their website or mobile app, and once a purchase is made, the company manufactures the glasses in its laboratories and sends them directly to the customer. This allows them to compete on price and convenience, two important factors for any consumer. It's also worth mentioning that the company is still heavily concentrated in contact lenses, which grew 18% in the most recent quarter and 25% during 2025, representing 85% of sales. The remaining 15% comes from eyeglasses, which grew 36% in 2025 and 32% in the most recent quarter. Kits Eyecare Investor Presentation That said, this concentration in contact lenses doesn’t concern me too much, and what I find attractive about this segment is its recurring nature, since lenses need to be replaced frequently. That's why users typically purchase new boxes every few months, generating a relatively predictable revenue. It’s obviously not the same as a SaaS subscription, but it’s still much more recurring than eyeglasses. According to the company, approximately two-thirds of revenue comes from repeat custome...
Palantir Technologies experienced an upward movement on March 23, 2026, driven by several significant developments that reinforced investor confidence in the company's expanding role in artificial intelligence and its ability to secure high-value contracts across government and commercial sectors. This positive momentum was accompanied by notable intraday volatility as the market absorbed the impl...
Palantir Technologies experienced an upward movement on March 23, 2026, driven by several significant developments that reinforced investor confidence in the company's expanding role in artificial intelligence and its ability to secure high-value contracts across government and commercial sectors. This positive momentum was accompanied by notable intraday volatility as the market absorbed the implications of these announcements. A primary catalyst for the stock's performance was the Pentagon's official designation of Palantir's Maven AI system as a "program of record." This crucial step formalizes the long-term adoption of Maven across all U.S. military branches, ensuring dedicated funding and embedding Palantir's technology deeper into core defense workflows. The decision reduces uncertainty regarding future contract renewals and establishes Maven as a permanent fixture in U.S. defense infrastructure, bolstering Palantir's position in the high-security government sector. Further contributing to the positive sentiment was the announcement of a new contract with the UK Financial Conduct Authority (FCA). Under this agreement, Palantir will leverage its Foundry platform to analyze sensitive internal intelligence data for three months, aiding in the detection and combatting of financial crime. This partnership signifies an expansion of Palantir's footprint within the UK public sector and regulated industries, demonstrating the versatility and demand for its operational AI platforms beyond traditional defense applications. Analyst sentiment also played a role, with firms like Wedbush reiterating an Outperform rating and maintaining a substantial price target for Palantir, citing the company's strong position in AI development and its expected success in securing additional federal government contracts. Mizuho also reiterated an Outperform rating, highlighting the momentum in Palantir's AI initiatives. These analyst endorsements underscore a positive outlook for the compa...
In this article 7203.T-JP TM Follow your favorite stocks CREATE FREE ACCOUNT Production of the Toyota Camry at the automaker's plant in Georgetown, Kentucky. Courtesy Toyota Toyota Motor on Monday announced it would spend $1 billion at two U.S. plants as part of a plan to invest up to $10 billion domestically over the next five years. The new investments include $800 million at a plant in Georgeto...
In this article 7203.T-JP TM Follow your favorite stocks CREATE FREE ACCOUNT Production of the Toyota Camry at the automaker's plant in Georgetown, Kentucky. Courtesy Toyota Toyota Motor on Monday announced it would spend $1 billion at two U.S. plants as part of a plan to invest up to $10 billion domestically over the next five years. The new investments include $800 million at a plant in Georgetown, Kentucky, to increase production capacity of the automaker's Camry sedan and RAV4 crossover. The remaining $200 million is to increase capacity for the Toyota Grand Highlander SUV at a plant in Princeton, Indiana. "Toyota's investment in the U.S. is for the long-term, tied to our philosophy of building where we sell and buying where we build," Toyota Motor North America Chief Operating Officer Mark Templin said in a statement. Toyota in November confirmed plans to invest up to $10 billion in its U.S. plants through 2030. That came roughly a month after President Donald Trump said during a speech that such an investment would come from the Japanese automaker. Stock Chart Icon Stock chart icon Toyota stock Toyota and the entire automotive industry have been attempting to navigate production plans amid tariffs and other regulatory changes. Changing trade deals and tariffs have been a major issue for automakers during the Trump administration, costing many companies billions of dollars annually in additional costs. Toyota previously warned U.S. tariffs are expected to cost the automaker 1.4 trillion yen for its fiscal year, which closes at the end of this month. Toyota Chair Akio Toyoda, whose company employs nearly 48,000 people in the U.S., has been trying to win over Trump, including by donning a red "Make America Great Again" hat and a T-shirt with Trump and Vice President JD Vance during a November event in Japan featuring U.S. officials. Toyota also was the first of the Japanese automakers to commit to a plan to export U.S.-produced vehicles to Japan following changes...
Donny DBM/iStock via Getty Images Strategy Overview The Calamos Hedged Equity Strategy is positioned as an equity alternative, aiming to participate in market upside while limiting downside exposure. During the fourth quarter, the strategy delivered positive results. We believe this performance highlights the continued effectiveness of our asymmetric strategy, which provides upside participation w...
Donny DBM/iStock via Getty Images Strategy Overview The Calamos Hedged Equity Strategy is positioned as an equity alternative, aiming to participate in market upside while limiting downside exposure. During the fourth quarter, the strategy delivered positive results. We believe this performance highlights the continued effectiveness of our asymmetric strategy, which provides upside participation while preserving the risk-mitigation characteristics that define our approach. Market Environment The US equity market continued to press forward in the fourth quarter, with the S&P 500 Index posting a 2.66% return. The markets did not experience a late-quarter “Santa Claus” rally, but advanced on strong earnings and two further US Fed rate cuts. However, not everything was perfect. The US faced the longest federal government shutdown in its history, and concerns about unemployment and low consumer sentiment were top of mind for many Americans. Only two S&P 500 Index sectors, healthcare (+11.7%) and communication services (+7.3%), outpaced the overall market. Financials (+2.0%), energy (+1.5%), information technology (+1.4%), materials (+1.1%), consumer discretionary (+0.7%), and industrials (+0.7%) each posted gains. Consumer staples (+0.0%) was up for the quarter by a single basis point, while utilities (-1.4%) and real estate (-2.9%) finished in negative territory. Performance Review During the fourth quarter, the strategy earned 1.12% (gross of fees) and 1.00% (net of fees). We believe this underscores the strength of our asymmetric strategy in rising markets, as the portfolio advanced while preserving the risk-mitigation characteristics that served investors well during the volatility that marked the year’s first quarter. Performance Highlights Q4 2025: The strategy returned 1.12% (gross of fees). 2025 Return: The strategy delivered a return of 8.82 (gross of fees). The strategy has exhibited consistently lower volatility, reflected in its low three-year beta of 0.19. F...
$QQQ stock has risen 1.1% today, according to our price data from Polygon. It has been bolstered by AVGO stock rising 3.1%. Here are some of the largest contributors to QQQ's gains: $NVDA (8.7% of QQQ holdings) has risen 1.5% $AMZN (4.5%) has risen 2.6% $AAPL (7.3%) has risen 1.5% $TSLA (3.8%) has risen 2.9% $AVGO (3.0%) has risen 3.1% $PLTR (2.0%) has risen 3.9% $META (3.6%) has risen 1.9% $WMT (...
$QQQ stock has risen 1.1% today, according to our price data from Polygon. It has been bolstered by AVGO stock rising 3.1%. Here are some of the largest contributors to QQQ's gains: $NVDA (8.7% of QQQ holdings) has risen 1.5% $AMZN (4.5%) has risen 2.6% $AAPL (7.3%) has risen 1.5% $TSLA (3.8%) has risen 2.9% $AVGO (3.0%) has risen 3.1% $PLTR (2.0%) has risen 3.9% $META (3.6%) has risen 1.9% $WMT (3.3%) has risen 1.6% $LRCX (1.6%) has risen 2.1% $GOOGL (3.6%) has risen 0.9% You can track more data on $QQQ on Quiver Quantitative's $QQQ data dashboard. Receive $QQQ Data Alerts Sign Up $AVGO Insider Trading Activity $AVGO insiders have traded $AVGO stock on the open market 199 times in the past 6 months. Of those trades, 1 have been purchases and 198 have been sales. Here’s a breakdown of recent trading of $AVGO stock by insiders over the last 6 months: To track insider transactions, check out Quiver Quantitative's insider trading dashboard. $AVGO Analyst Ratings Wall Street analysts have issued reports on $AVGO in the last several months. We have seen 14 firms issue buy ratings on the stock, and 0 firms issue sell ratings. Here are some recent analyst ratings: Wells Fargo issued a "Overweight" rating on 01/15/2026 Mizuho issued a "Outperform" rating on 01/09/2026 Bernstein issued a "Outperform" rating on 12/12/2025 Oppenheimer issued a "Outperform" rating on 12/12/2025 Piper Sandler issued a "Overweight" rating on 12/12/2025 Rosenblatt issued a "Buy" rating on 12/12/2025 Benchmark issued a "Buy" rating on 12/12/2025 To track analyst ratings and price targets for $AVGO, check out Quiver Quantitative's $AVGO forecast page. $AVGO Price Targets Multiple analysts have issued price targets for $AVGO recently. We have seen 23 analysts offer price targets for $AVGO in the last 6 months, with a median target of $475.0. Here are some recent targets: Joseph Moore from Morgan Stanley set a target price of $470.0 on 03/06/2026 on 03/06/2026 Mitch Steves from RBC Capital set a targe...
To get away with murder, Stephen McCullagh planned an audacious alibi: he would trick the world into thinking he was at home livestreaming a video game when in fact he was 17 miles away, extinguishing a life. He prerecorded a six-hour session of him playing Grand Theft Auto and uploaded it on the night of 18 December 2022, to give the impression to his YouTube channel’s 37,000 subscribers that he ...
To get away with murder, Stephen McCullagh planned an audacious alibi: he would trick the world into thinking he was at home livestreaming a video game when in fact he was 17 miles away, extinguishing a life. He prerecorded a six-hour session of him playing Grand Theft Auto and uploaded it on the night of 18 December 2022, to give the impression to his YouTube channel’s 37,000 subscribers that he was at home in Lisburn, County Antrim, wearing a Santa hat, eating snacks, sipping Guinness and making jokes. “I am not leaving the house tonight,” he said. While the recording played, McCullagh donned a disguise and travelled to Lurgan, County Armagh, where he killed his pregnant girlfriend, Natalie McNally, by stab wounds to the neck, strangulation and heavy blows to the head. Prosecutors said it was a “sophisticated, calculated and cool-headed plot” by a man “capable of deception beyond imagination”. A deception, however, that failed, because on Monday a jury of six men and six women convicted McCullagh, 36, of murder. The five-week trial at Belfast crown court gripped and horrified Northern Ireland by laying out the intricate preparations behind a savage killing. McCullagh denied the charge. Mr Justice Kinney presided over the case. McCullagh “lied and lied again”, to his victim, her family and police, and the unravelling of those lies deterred him from taking the stand, the prosecutor Charles MacCreanor KC told the court. “There’s no answer he could ever give that could stand up to scrutiny in the witness box.” Relatives and friends paid tributes to McNally, 32. From the age of three she had lived with type 1 diabetes but she lived a full life, did marketing for the public transport provider Translink and was looking forward to becoming a mother. Her family said she was kind, generous and fiercely independent. McNally met McCullagh, a part-time audience editor at the Belfast Telegraph, on the dating app Bumble and they started dating in August 2022. To subscribers of h...
A man who set up a false alibi involving himself livestreaming a video game on YouTube has been found guilty of murdering his pregnant partner. Natalie McNally, 32, was 15 weeks’ pregnant when she was violently attacked and killed at her home in Lurgan, County Armagh, in December 2022. Natalie McNally. Photograph: PA Stephen McCullagh, 36, of Woodland Gardens, Lisburn, was convicted by a jury duri...
A man who set up a false alibi involving himself livestreaming a video game on YouTube has been found guilty of murdering his pregnant partner. Natalie McNally, 32, was 15 weeks’ pregnant when she was violently attacked and killed at her home in Lurgan, County Armagh, in December 2022. Natalie McNally. Photograph: PA Stephen McCullagh, 36, of Woodland Gardens, Lisburn, was convicted by a jury during the fifth week of the trial at Belfast crown court. A jury of six men and six women reached their verdict after two hours of deliberations. During the trial the jury heard how McCullagh had concocted a “cover story” that he had been livestreaming himself playing video games on the evening of Sunday 18 December 2022. However, McCullagh had recorded six hours of himself playing video games, which he broadcast as live that evening while he took a bus to McNally’s home in Lurgan. Once there he attacked and killed McNally. McCullagh stood without expression in the dock as the verdict was read out. McNally’s family and friends filled the public gallery behind the dock and cheered after the verdict was announced.
Elon Musk’s bold vision for putting AI data centers in space , tapping into solar power and bypassing terrestrial worries such as electric grids and neighbors’ opposition, hinges on SpaceX’s ability to perfect its Starship booster. “Conceptionally it makes a ton of sense in the longer term to be thinking about data centers in space,” said Karin Fronczke , head of global private equity investments ...
Elon Musk’s bold vision for putting AI data centers in space , tapping into solar power and bypassing terrestrial worries such as electric grids and neighbors’ opposition, hinges on SpaceX’s ability to perfect its Starship booster. “Conceptionally it makes a ton of sense in the longer term to be thinking about data centers in space,” said Karin Fronczke , head of global private equity investments at Fidelity Investments, which is an investor in closely held SpaceX. “The question of course becomes what you were just talking about: Is it economical? And frankly what we’ve been watching for as investors is Starship.” The hurdles are significant, Fronczke said Monday in a Bloomberg Television interview. But SpaceX is gearing up for a launch next month of the third-generation version of the Starship rocket, capable of lofting 100 tons of cargo, she said. Success for Musk’s plan to reuse Starship boosters would be the critical factor in reducing launch costs “very, very meaningfully,” Fronczke said. She commented after Musk’s weekend announcement of the plans for his Terafab project — a proposal to eventually manufacture his own chips for robotics, artificial intelligence and space data centers. It will be built in Austin and jointly run by Tesla — which is now based in the Texas capital — and SpaceX . Fronczke said Fidelity, which first invested in SpaceX in 2015, closely tracks key milestones including Starship’s development. “You can bet there’s an Excel spreadsheet at Fidelity that measures the cost per kilowatt and when we believe this will become economical,” she said. SpaceX has already demonstrated impressive growth since Fidelity’s initial investment, evolving from just 13 Falcon 9 launches to now launching “every other day” and carrying 80% to 90% of the world’s space payloads, while also growing its Starlink satellite internet service to 10 million subscribers, Fronczke said. (This story was produced with the assistance of Bloomberg Automation.)
RHJ/iStock via Getty Images USA Rare Earth ( USAR ) up 4.6% in Monday's trading after announcing a sales and distribution agreement with Compass Diversified ( CODI ) subsidiary Arnold Magnetic Technologies to expand the availability of U.S. -manufactured rare earth magnets. Under the non-exclusive partnership, each company will be authorized to sell and distribute the other's products: USA Rare Ea...
RHJ/iStock via Getty Images USA Rare Earth ( USAR ) up 4.6% in Monday's trading after announcing a sales and distribution agreement with Compass Diversified ( CODI ) subsidiary Arnold Magnetic Technologies to expand the availability of U.S. -manufactured rare earth magnets. Under the non-exclusive partnership, each company will be authorized to sell and distribute the other's products: USA Rare Earth ( USAR ) will offer Arnold's finished permanent magnets produced from samarium-cobalt and neodymium-iron-boron, and Arnold will offer USA Rare Earth's processed and refined NdFeB feedstock and finished magnets. Separately, U.S. Representative Zoe Lofgren, the ranking member of the House Committee on Science, Space, and Technology, accused U.S. Commerce Secretary Howard Lutnick last week of structuring the Trump administration's $1.6B investment in USA Rare Earth ( USAR ) in a way that gives the government "highly concerning" leverage over the company while boosting Lutnick's family-run investment firm. Lofgren said the proposed deal would let the Commerce Department keep an equity stake even if it decides not to invest while also leaving the company reliant on a $1.5B private capital raise led by Cantor Fitzgerald, the financial firm previously led by Lutnick and now run by his sons. More on USA Rare Earth USA Rare Earth: Securing U.S. AI Tech Is In Their Hands USA Rare Earth: A $4.1B Bet On Breaking China's Grip -- But Execution Has To Catch Up USA Rare Earth: Government Giveth, Government Taketh Away