SpaceX is preparing to go public, and it could be the biggest IPO in history. Elon Musk's space company filed confidentially to go public last week, and SpaceX is reportedly targeting a valuation of as much as $2 trillion and could raise $75 billion from the offering. The company is more than just rockets. SpaceX owns the Starlink satellite broadband business, as well as the social media site X an...
SpaceX is preparing to go public, and it could be the biggest IPO in history. Elon Musk's space company filed confidentially to go public last week, and SpaceX is reportedly targeting a valuation of as much as $2 trillion and could raise $75 billion from the offering. The company is more than just rockets. SpaceX owns the Starlink satellite broadband business, as well as the social media site X and xAI, following the merger between SpaceX and xAI in February, which valued the combined company at $1.25 billion. Elon Musk has big plans for SpaceX's future as well, including sending data centers into space and eventually reaching Mars. Continue reading
ToucanStudios Bill Ackman is in talks to launch a fund that would bet on “complacency” in financial markets, the Financial Times reported, citing unidentified people familiar with the matter. Ackman’s Pershing Square ( PSUS ) would use the fund to make “asymmetric” trades aimed at profiting by wagering against the prevailing narrative in markets, the report said. The fund would keep much of its as...
ToucanStudios Bill Ackman is in talks to launch a fund that would bet on “complacency” in financial markets, the Financial Times reported, citing unidentified people familiar with the matter. Ackman’s Pershing Square ( PSUS ) would use the fund to make “asymmetric” trades aimed at profiting by wagering against the prevailing narrative in markets, the report said. The fund would keep much of its assets in short-term US debt before deploying the capital on large credit and macro bets. In private discussions with potential investors in Pershing Square, Ackman has highlighted the fund as a potential way to boost the firm’s fee earnings, the report said. Rather than making new doomsday trades using Pershing Square’s main fund, an Amsterdam-listed public vehicle with about $20B in assets, Ackman was in discussions to craft an entirely new strategy, said three people briefed on the matter. The firm’s flagship fund had lost more than 16% of its value as of the end of March, the report added. More on Pershing Square USA, Ltd., Pershing Square Holdings Pershing Square: 2 IPOs In One (I Would Avoid Both) Tracking Bill Ackman's Pershing Square 13F Portfolio - Q4 2025 Update Pershing Square Holdings H2 2025 Letter To Shareholders Bill Ackman’s Pershing Square proposes €56B takeover of Universal Music Group "Stupidly Cheap": Bill Ackman sees 10X potential in Fannie and Freddie amid Middle East conflict
The average one-year price target for Bally's (NYSE:BALY) has been revised to $13.26 / share. This is a decrease of 20.00% from the prior estimate of $16.58 dated March 25, 2026. The price target is an average of many targets provided by analysts. The latest t
The average one-year price target for Bally's (NYSE:BALY) has been revised to $13.26 / share. This is a decrease of 20.00% from the prior estimate of $16.58 dated March 25, 2026. The price target is an average of many targets provided by analysts. The latest t
rgbspace/iStock via Getty Images Tilray ( TLRY ) reported strong financial performance for Q3 last week with strong revenue growth and higher gross profit. The company has many new synergies on the table, including the release of a new cannabis brand called Portal, as well as new international distribution partnerships. The company’s stock price is up 48% over the last year, although it still has ...
rgbspace/iStock via Getty Images Tilray ( TLRY ) reported strong financial performance for Q3 last week with strong revenue growth and higher gross profit. The company has many new synergies on the table, including the release of a new cannabis brand called Portal, as well as new international distribution partnerships. The company’s stock price is up 48% over the last year, although it still has not recovered from its reverse split. The price is down 25% since I last covered the company in January on Seeking Alpha . The company is undervalued with strong forward synergies, but the sector remains weak due to uncertainty. I continue my rating of a Hold. There are no new updates on rescheduling cannabis in the US. This month, Attorney General Pam Bondi was replaced by Deputy Attorney General Todd Blanche. Rumors on social media speculate that rescheduling will be completed this month. As of April, the US has begun a pilot program to allow the coverage of CBD products under Medicare. The cannabis sector remains volatile with weak investor sentiment and greater market volatility. Q3-2026 Results Tilray reported revenue of $206.7 million, an 11% increase YoY and a 5% decrease QoQ. Gross profit was $55 million, a 6% increase YoY and a 4% decrease QoQ. Profit margins were 26.58% versus 28.02% YoY and 26.43% QoQ. Cannabis revenue was $64.8 million, an increase of 19% YoY. The amount includes $40 million from Canadian adult-usage medical cannabis, an increase of 8% YoY, and $24.1 million from international sales, an increase of 74% YoY. The increase was due to a higher volume of sales. Revenue from Tilray Pharma (international medical cannabis distribution) was $82.9 million, a 35% increase YoY. The increase was due to product mix and an increase in medical device sales. Revenue from the company’s beverage business in the US was $42.6 million, a decrease of 24% YoY. Revenue from the wellness segment was $16.4 million, an increase of 16% YoY. Net loss was $26.6 million versus...
Russia is seeking to leverage a global natural gas supply crunch to lure energy-starved South Asia into purchasing shipments from its US-sanctioned facilities, according to people familiar with the matter. The shipments were being offered at a 40 per cent discount to spot prices last week via little-known intermediary companies based in China and Russia, said the people, who asked not to be named ...
Russia is seeking to leverage a global natural gas supply crunch to lure energy-starved South Asia into purchasing shipments from its US-sanctioned facilities, according to people familiar with the matter. The shipments were being offered at a 40 per cent discount to spot prices last week via little-known intermediary companies based in China and Russia, said the people, who asked not to be named as they were not authorised to speak to the media. The sellers said that they could provide...
Calfrac Well Services ( CFW:CA ) ( CFWFF ) Thursday announced the appointment of Scarlett Crockatt as the company’s new CFO, effective April 9, 2026. Crockatt succeeds Mike Olinek , who is retiring from the company. Crockatt has advised boards and management teams on capital allocation, mergers and acquisitions, liquidity management, and risk oversight across multiple sectors. More on Calfrac Well...
Calfrac Well Services ( CFW:CA ) ( CFWFF ) Thursday announced the appointment of Scarlett Crockatt as the company’s new CFO, effective April 9, 2026. Crockatt succeeds Mike Olinek , who is retiring from the company. Crockatt has advised boards and management teams on capital allocation, mergers and acquisitions, liquidity management, and risk oversight across multiple sectors. More on Calfrac Well Services Ltd. Historical earnings data for Calfrac Well Services Ltd. Financial information for Calfrac Well Services Ltd.