Earnings Call Insights: PDD Holdings (PDD) Q1 2026 Management View “This year marks the beginning of PDD's second decade… a critical year for the complete reinvention of our corporate organization and culture,” said (Co-CEO & Co-Chairman of the Board Jiazhen Zhao), adding that “safety, compliance and social responsibility” are being treated as “the absolute prerequisite for everything we do.” Zhao said the company “entered a new phase of the 3-year strategy to build another Pinduoduo,” and highlighted the formal launch of the first-party brand business: “In March, we incorporated a dedicated company in Shanghai… with an initial cash injection of RMB 15 billion and plan to invest RMB 100 billion over the next 3 years.” (General Counsel, Co-CEO & Co-Chairman of the Board Lei Chen) said “steady progress was made in our first-party brand business,” with teams “deep into the industrial belts” and “deep cooperations… to design and develop first-party brand products tailored to different global markets.” (Vice President of Finance Jun Liu) said, “in the first quarter, our total revenues increased 11% year-over-year to RMB 106.2 billion,” and attributed this mainly to transaction services. Outlook Management did not provide quantitative revenue, EPS, or margin guidance in the prepared remarks or Q&A. Zhao described the strategic intent of the first-party brand push as supply-chain driven: “we will take on more risks while sharing rewards with the supply chain manufacturers,” and “we will remain highly focused, continue to invest heavily in the supply chain.” On global business priorities, management said the emphasis is on supply chain and brands: “we will direct our efforts on 2 fronts… [supply chain] integration and optimization… [and] deepen the development of the first-party brand model,” according to (Co-CEO Zhao). Financial Results Liu reported revenue composition as RMB 49.9 billion from “online marketing services and others” and RMB 56.3 billion from “transaction se...

Available for over a year Today, Sir Tony Blair has spoken to the Today programme about an almost 6,000 word essay in which he criticises the Labour government for focusing on politics rather than policy. Adam, Alex and Faisal discuss the arguments made by the former Prime Minister, plus how two would-be leadership contenders Wes Streeting and Andy Burnham (who still needs to fight and win a by-election if he wants to challenge Keir Starmer) have pushed back. And energy bills will rise for millions as Ofgem raise the price cap for the first time since war in Iran. A full list of candidates standing in the Makerfield By-Election is available on the BBC News website https://www.bbc.co.uk/news/articles/cgrp1z8n4w2o You can now listen to Newscast on a smart speaker. If you want to listen, just say "Ask BBC Sounds to play Newscast”. It works on most smart speakers. You can join our Newscast online community here: https://bbc.in/newscastdiscord Get in touch with Newscast by emailing newscast@bbc.co.uk or send us a WhatsApp on +44 0330 123 9480. New episodes released every day. If you're in the UK, for more News and Current Affairs podcasts from the BBC, listen on BBC Sounds: https://bbc.in/4guXgXd Newscast brings you daily analysis of the latest political news stories from the BBC. The presenter was Adam Fleming. It was made by Miranda Slade with Shiler Mahmoudi. The social producer was Gabriel Purcell-Davis. The technical producer was Mike Regaard. The assistant editor is Chris Gray. The senior news editor is Sam Bonham. Programme Website

Micron has joined the trillion-dollar valuation club – and it's the black sheep of the flock, according to multiple metrics. While mega-caps like Alphabet , Amazon , Nvidia , Microsoft and Apple reached the trillion-dollar mark with the help of impresario CEOs and ubiquitous brand awareness, Micron's rise as a component maker is due more to its location in rapidly changing tech supply chains during the explosive artificial intelligence boom. Micron is not alone in its ascent. South Korean memory chip makers SK Hynix and Samsung have also recently broken through to trillion-dollar valuations as the entire sector has increased in importance. Demand for memory is showing little sign of slowing down as higher-capability artificial intelligence cements a commercial foothold. Across memory products including DRAM, NAND and high-bandwidth, Micron is working to make the most of its strategic position in the AI value chain. "Quarterly revenue nearly tripled versus one year ago, and revenue for DRAM, NAND, HBM and each business unit reached new highs," CEO Sanjay Mehrotra said during the company's latest earnings call in March, projecting fiscal 2026 capital expenditure above $25 billion. "Micron is working to address the unprecedented gap between supply and demand." A 'low-key' CEO Consumer electronics maker Apple was for a long time synonymous with its founder, Steve Jobs, who's been the subject of biographies and a Hollywood biopic. Current CEO Tim Cook has likewise become a pop culture fixture. That's true of several trillion-dollar CEOs, including Nvidia founder Jensen Huang and Amazon founder Jeff Bezos. Microsoft has spawned multiple executive celebrities like Bill Gates, Steve Ballmer and Satya Nadella, while Alphabet has produced Larry Page and Sundar Pichai. But Micron has had four CEOs since its founding in 1978, and none of them have been celebrities. CNBC's Jim Cramer has described Mehrotra as "low-key." "[Micron] is run by the contemplative Sanjay Mehrotra [who ...

Fuel cell stocks are splitting in opposite directions midday Wednesday. Plug Power (NASDAQ:PLUG) stock is up 6% to $4.07, while sector peers FuelCell Energy (NASDAQ:FCEL) and Bloom Energy (NYSE:BE) are slipping into the red. FCEL stock is down 4% to $23.32, and BE stock is off 3% to $294.64. The split looks dramatic on the ... Plug Power Is Up 6% but FuelCell Energy and Bloom Energy Are in the Red. What’s Going On With Fuel Cell Stocks?

Image source: The Motley Fool. Monday, May 18, 2026 at 5 a.m. ET CALL PARTICIPANTS Chairman and CEO — Charles Zhang Chief Financial Officer — Joanna Lv TAKEAWAYS Total Revenues -- $141 million, up 4% year over year, and down 1% sequentially from the previous quarter. -- $141 million, up 4% year over year, and down 1% sequentially from the previous quarter. Marketing Services Revenues -- $13 million, down 8% year over year, and down 26% sequentially. -- $13 million, down 8% year over year, and down 26% sequentially. Online Game Revenues -- $125 million, up 6% year over year, and up 3% sequentially. -- $125 million, up 6% year over year, and up 3% sequentially. GAAP Net Loss Attributable to Sohu.com Limited -- $4 million loss, compared with $182 million net income in the first quarter of 2025, and $223 million net income in the fourth quarter of 2025. -- $4 million loss, compared with $182 million net income in the first quarter of 2025, and $223 million net income in the fourth quarter of 2025. Non-GAAP Net Loss Attributable to Sohu.com Limited -- $4 million loss, improved from $16 million net loss in the first quarter of 2025, and compared with $261 million net income in the fourth quarter of 2025. -- $4 million loss, improved from $16 million net loss in the first quarter of 2025, and compared with $261 million net income in the fourth quarter of 2025. Social Media Platform Revenues -- $16 million, compared with $70 million in the same quarter two years prior. -- $16 million, compared with $70 million in the same quarter two years prior. Social Media Platform Operating Loss -- $70 million, flat with the same quarter last year. -- $70 million, flat with the same quarter last year. Changyou Revenues -- $125 million, compared with $180 million in the same quarter last year. -- $125 million, compared with $180 million in the same quarter last year. Changyou Operating Profit -- $66 million, versus $55 million in the same quarter last year. -- $66 million, versus $55 mil...

印度私营寿险公司SBI Life Insurance今日宣布，已委托全球数字技术及运营服务商Datamatics（孟买证券交易所代码：532528；印度国家证券交易所代码：DATAMATICS）为其部署基于Agentic AI的TruAI核保解决方案，以变革其核保运营流程。 核保是寿险公司的关键职能，尤其在涉及详细病史、化验报告和多重风险指标的复杂案例中，传统上高度依赖核保师的人工审核，耗时且对专业经验要求极高。SBI Life引入的TruAI核保平台旨在辅助核保师更快速、一致且深入地处理此类复杂医疗核保案例。 该平台能够摄取并分析医疗报告、声明书及化验结果等文件，提取关键医疗参数并突出显示潜在风险指标。系统会生成一份整合的数字案例摘要，并依据核保规则与历史结果提供智能决策支持。该方案具备自我学习能力，能在保留人类核保师最终决策权以确保治理、问责及合规的前提下，持续优化风险评估。 Datamatics副董事长兼首席执行官Rahul Kanodia表示，公司正对AI及Agentic AI进行战略投资以解决复杂的企业问题，TruAI核保方案正是将这些投资转化为切实商业影响的例证，能够帮助客户实现更高效的运营并显著降低运营成本。 此次合作标志着SBI Life在提升决策质量、运营效率及客户体验方面迈出了重要一步。数据显示，该解决方案有望将核保周转时间缩短高达70%，同时降低高达50%的成本。受此消息提振，Datamatics股价在5月27日盘中上涨约3%。 责任编辑：张俊 SF065

Rush Street Interactive ( RSI ) filed for a DCM license last week. The license is a regulatory authorization that allows a firm to access and operate in debt capital markets. For Rush Street ( RSI ), a DCM license would set it up to offer a prediction markets product offering in the future. Susquehanna analyst Joseph Strauff sees the development as a positive, as it positions Rush Street ( RSI ) for prediction markets optionality without a full commitment yet. "With President Trump's endorsement yesterday that the CFTC maintain exclusive authority over PM (not the states), the pending rule-making process by the CFTC becomes even more important (we estimate a 3Q26 release where some of the props markets are likely to be narrowed given what we think is the CFTC's bright line on clarifying settlement mechanisms)," highlighted Strauff. During its last earnings conference call, Rush Street ( RSI ) management indicated that customer acquisition costs for the company have not moved higher due to prediction markets. However, the company offering its own prediction markets products was not discussed. More on Rush Street Interactive Rush Street Interactive, Inc. (RSI) Presents at 21st Annual Needham Technology, Media, & Consumer Conference Transcript Rush Street Interactive: Let Your Winners Ride Rush Street Interactive, Inc. (RSI) Q1 2026 Earnings Call Transcript Rush Street Interactive prices secondary offering at $26 per share Rush Street Interactive launches 10M share secondary offering, plans buyback

格隆汇5月28日｜以色列军方：以色列军方在加沙北部打击了两名哈马斯核心武装分子。

Shares of Zscaler were headed for a record one-day decline of more than 31% after the cybersecurity company shocked investors with a downbeat revenue outlook.

美国联合航空（UAL）首席执行官Scott Kirby表示，在可预见的未来，该航空公司预计不会追求航空业的整合合并。就在几周前，美国航空公司（AAL）刚刚拒绝了他提出的潜在合并构想。

房地产投资信托基金亚历山大房地产公司（Alexandria Real Estate Equities， Inc．，纽约证券交易所代码：ARE）今日宣布，将于2026年8月4日（星期二）美国东部时间下午2时举行电话会议及网络音频直播，讨论公司2026年第二季度经营及财务业绩。公司计划于8月3日（星期一）收盘后发布第二季度财报。 亚历山大房地产公司成立于1994年，是S&P 500指数成份股公司，开创了生命科学房地产这一细分领域，并长期深耕于此。公司专注于在大波士顿、旧金山湾区、圣地亚哥、西雅图、马里兰、研究三角园及纽约市等全球顶级生命科学创新集群，拥有、运营并开发协作型“Megacampus”园区生态系统。 根据公司2026年第一季度财报，期内营收为6.53亿美元，同比下降12.13%，主要受657，000平方英尺关键租约到期及生物技术行业租赁需求疲软影响；每股收益1.73美元，同比增长2571.43%，符合分析师共识预期。管理层在电话会议中将经营环境描述为“非常艰难”，归因于FDA和NIH领导层变动带来的监管不确定性、资本市场选择性增强，以及公共生物技术公司融资受限等因素。2027年将有9，750万美元年度租金收入面临到期续约风险。 为应对挑战，公司实施资本循环战略，2026年目标处置资产29亿美元，通过合资和出售非核心资产降低资本成本并优化资产组合。同时持续推进降本增效，2026年一般及行政费用预计较2024年节约7600万美元。公司重申2026年调整后营运资金（FFO）每股6.40美元的中点指引，但将年末出租率预测中点下调至87%。 投资者可通过拨打（833） 366-1125（美国/加拿大）或（412） 902-6738（国际）参与电话会议，或访问公司官网investor.are.com/webcasts收听网络直播。会议重播将在结束后提供，有效期至2026年8月11日。 责任编辑：张俊 SF065

Mike Coppola/Getty Images Entertainment Warner Bros. Discovery ( WBD ) priced $15 billion of investment-grade loans as the media giant refinances debt before its planned sale to Paramount Skydance ( PSKY ). The tranches of $13 billion and €1.72 billion ($2 billion) have margins 2.5 percentage points above benchmark and were issued at 99.75 cents, according to a Bloomberg repor t on Wednesday, which cited a person familiar with the matter. The proposed financing comes ahead of Paramount's ( PSKY ) $110 billion purchase of Warner Bros. ( WBD ). Bloomberg reported last Tuesday that bankers were preparing to sell $49 billion of debt for the combination of two of Hollywood's biggest legacy media firms. Shares of Warner Bros. edged higher by 0.9% on Wednesday. Paramount ticked lower by 0.9%. More on Warner Bros. Discovery, Paramount Skydance Corporation Paramount Skydance: Charging Ahead In The Streaming Arena Netflix, Disney, FuboTV, WBD And The Streaming Media Landscape Paramount Skydance Corporation (PSKY) Presents at MoffettNathanson's Media, Internet & Communications Conference Transcript Ulta Beauty partners with DC Studios for Supergirl campaign Paramount appears to sway DOJ staff on Warner Bros. takeover: Semafor

格隆汇5月28日｜美国总统特朗普表示，如果伊朗认为他会为了避免与德黑兰的长期对峙而软化立场，那就打错了算盘。特朗普周三在白宫内阁会议开始时说：“他们以为他们能耗得过我。我不在乎中期选举。”在美国与伊朗长达三个月的战争期间，随著霍尔木兹海峡持续关闭、通胀不断以及汽油价格攀升，特朗普的支持率有所下滑。有批评称，特朗普将美国带入了一场没有确定结束期限的中东冲突，而他在作为候选人时曾誓言要避免这类战争。对此，特朗普回应称：“我不称其为战争，我称之为冲突。”特朗普暗示他准备继续谈判，但没有排除采取进一步军事行动的可能性。他说，伊朗经济已是难以为继，“通胀率高达250%”。

Hilary Wardhaugh/Getty Images News Canada is in talks with Sweden’s Saab ( SAABF ) ( SAABY ) to acquire GlobalEye surveillance aircraft as Prime Minister Mark Carney moves to expand military spending and deepen security ties with Europe. Speaking at a defense conference in Ottawa on Wednesday, Carney said the aircraft would improve Canada’s ability to monitor threats in the Arctic. Saab ( SAABF ) ( SAABY ) said it has proposed building, servicing and upgrading the planes in partnership with Canadian companies, though no contract has been finalized. The GlobalEye system is built on an aircraft platform supplied by Montreal-based Bombardier ( BDRBF )( BDRAF )( BOMBF ). Carney said roughly one-third of production could take place in Canada, supporting an estimated 3,000 aerospace jobs, many of them in Quebec. Canada had also reviewed early-warning aircraft from L3Harris Technologies ( LHX ) and Boeing ( BA ) before selecting Saab, The Wall Street Journal reported, citing military analyst David Perry of the Canadian Global Affairs Institute. L3Harris said it plans to continue discussions with Ottawa, while Boeing said it would keep working with Canada on future defense needs. The move reflects Carney’s broader effort to increase defense spending and bring Canada closer to NATO targets after years of criticism from allies over lagging military investment. Carney said future defense projects should strengthen both national security and domestic manufacturing, particularly as Canadian industry faces pressure from U.S. tariffs. Perry said the government appears committed to steering more defense spending toward Canadian companies. The Saab discussions also highlight Ottawa’s push to diversify defense partnerships beyond the United States as tensions with Washington rise over trade and security policy. Earlier this month, U.S. Defense Department official Elbridge Colby publicly criticized Canada for failing to make meaningful progress on defense commitments, arguing allies m...

私人航空服务提供商Wheels Up Experience Inc．（纽约证券交易所代码：UP）今日宣布，已完成全球品牌整合，将Air Partner在英国及全球的私人飞机和团体包机服务统一归入Wheels Up品牌。此举标志着自今年早些时候在美国启动的全球整合工作正式收官，在全部关键市场建立起统一的Wheels Up品牌标识。 伴随品牌过渡，Wheels Up还在英国全面推出了整合式礼宾级客户服务模式。该模式围绕客户旅程组织专门的销售与服务团队，从初步咨询到预订、行程交付及持续支持，旨在减少交接环节并强化责任落实。Wheels Up首席营销官Kristen Lauria表示：“将我们英国及全球其他地区的私人飞机和团体包机服务统一在Wheels Up品牌下，无论客户身在何处，都能通过单一可信赖的关系获取我们全面的航空解决方案。” 此次整合建立在Wheels Up近期的战略转型基础之上。公司已完成向以庞巴迪挑战者300和巴航工业飞鸿300为核心的现代化机队过渡，比原计划提前18个月。2026年第一季度，公司Signature会员计划已拥有800名会员，占总会员基数的三分之一，总预订量同比增长10%至2.672亿美元。 Air Partner的货运服务将继续保留原品牌运营，维持其在全球航运和快递领域的专业专注度。Wheels Up首席销售官、前Air Partner首席执行官Mark Briffa表示：“此次整合将两个组织的最佳资源汇集于一个全球品牌之下，全球客户在享受数十年深厚专业经验的同时，还将获得Wheels Up全面规模、机队和技术的支持。” 责任编辑：张俊 SF065

Image source: The Motley Fool. Monday, May 18, 2026 at 8:30 a.m. ET Call participants Chief Executive Officer — Doug Recker Chief Financial Officer — Leah Brown Takeaways Total Revenue -- $2.7 million, a decrease from $4.9 million in the prior year period, attributed to the planned wind-down of the APR asset management agreement. -- $2.7 million, a decrease from $4.9 million in the prior year period, attributed to the planned wind-down of the APR asset management agreement. Gross Margin -- 59%, representing $1.6 million in gross profit, driven by lower cost of goods sold due to the business transition. -- 59%, representing $1.6 million in gross profit, driven by lower cost of goods sold due to the business transition. Net Loss -- $3.5 million, wider than the $2.1 million net loss in the previous year, due to reduced revenues and higher operating expenses. -- $3.5 million, wider than the $2.1 million net loss in the previous year, due to reduced revenues and higher operating expenses. Adjusted EBITDA -- Negative $1.5 million, with management indicating expectations for a return to positive adjusted EBITDA as revenue ramps in the second half. -- Negative $1.5 million, with management indicating expectations for a return to positive adjusted EBITDA as revenue ramps in the second half. Cash Position -- $33 million in cash and cash equivalents, strengthened by a $65 million capital raise in March. -- $33 million in cash and cash equivalents, strengthened by a $65 million capital raise in March. Contracted Bookings -- $43.5 million in bookings at quarter-end, all expected to be recognized within the year. -- $43.5 million in bookings at quarter-end, all expected to be recognized within the year. Technology Solutions Backlog -- Approximately $14 million, with all units expected to ship and be invoiced in 2026. -- Approximately $14 million, with all units expected to ship and be invoiced in 2026. Hydro Host GPU-as-a-Service Contract -- 2,304 NVIDIA GPUs deployed under a con...

As part of its $2 billion infusion into the quantum computing sector, the U.S. government is taking equity stakes in three publicly traded pure-play quantum computing companies: D-Wave Quantum (QBTS 0.74%), Rigetti Computing (RGTI 2.45%), and Infleqtion (INFQ 2.83%). Each will receive up to a $100 million investment. Their stocks skyrocketed on the news, but should retail investors follow Washington's lead and buy in? 1. D-Wave Quantum Expand NYSE : QBTS D-Wave Quantum Today's Change ( -0.74 %) $ -0.20 Current Price $ 27.61 Key Data Points Market Cap $10B Day's Range $ 25.69 - $ 28.03 52wk Range $ 12.75 - $ 46.75 Volume 1.2M Avg Vol 30.7M Gross Margin 32.92 % D-Wave Quantum is targeting the quantum computing market in two distinct yet intertwined ways. The company is a leader in quantum annealing, a narrow-purpose technology that can be used to find answers that are the best or close to the best ones for specific types of complex problems. While there is a wide array of computing tasks that it's not suitable for, quantum annealing excels at optimization problems, and these come up frequently in industries like logistics, finance, and defense. This specialized technology is further along in the commercialization process; D-Wave is already selling its Advantage II systems to commercial customers. Meanwhile, the company is looking to take what it learned from developing its annealing technology and apply it to create a more traditional gate-based quantum computer. It will use fluxonium qubits, a type of superconducting qubit that is similar to those it uses for its annealing technology. And through its acquisition of Quantum Circuits in January, it has added a dual-rail gate-model processor that has built-in error detection. It thinks this can help it create a system with the fidelity (accuracy) of the trapped-ion technology used by IonQ, but with the speed of superconducting qubits. D-Wave aims to use the government's investment to speed up its development of a 100,00...

(RTTNews) - After initially extending their recent upward trend. Treasuries gave back ground over the course of the trading session on Wednesday. Bond prices pulled back well off their best levels of the day but still closed modestly higher. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, edged down by 1.2 basis points to 4.481 percent. The early strength among treasuries came amid an extended nosedive by the price of crude oil, with U.S. crude oil futures plunging by more than 5 percent. Optimism about an eventual end to the conflict between the U.S. and Iran continues weigh on oil prices even as a final deal has remained elusive. Speaking to reporters at the White House, President Donald Trump stated that Iran wants to make a deal but said the U.S. is not satisfied with their offers and asserted that the Strait of Hormuz should be open for everybody. Secretary of State Marco Rubio also said the U.S. will give the diplomatic route "every chance to succeed" but reiterated that Trump has other options. While oil prices remain sharply lower, treasuries gave back ground after the White House denied a report Iranian state TV ?had obtained a draft of an initial, unofficial framework for a memorandum of understanding between the U.S. and Iran. Under the framework, Iran would restore commercial shipping through the Strait of Hormuz to ?pre-war levels within a month, according to the report from Reuters. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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Image source: The Motley Fool. Monday, May 18, 2026 at 8 a.m. ET CALL PARTICIPANTS Chief Executive Officer — Yan Li Chief Financial Officer — Wenjuan Zhou TAKEAWAYS Total Sales Volume -- 262,000 units, increasing 29% year over year, with 248,000 units sold in China and 14,000 units overseas. -- 262,000 units, increasing 29% year over year, with 248,000 units sold in China and 14,000 units overseas. Revenue -- RMB 910 million, up 33%, driven by both domestic and higher revenue per e-scooter sales. -- RMB 910 million, up 33%, driven by both domestic and higher revenue per e-scooter sales. China Revenue -- RMB 854 million, representing 94% of total revenue. -- RMB 854 million, representing 94% of total revenue. Scooter Revenue (China) -- RMB 774 million, up 42%, with average scooter selling price (ASP) of RMB 3,120, reflecting a 5% increase. -- RMB 774 million, up 42%, with average scooter selling price (ASP) of RMB 3,120, reflecting a 5% increase. Overseas Revenue -- RMB 56 million, 6% of total, with overseas scooter ASP up from RMB 2,962 to RMB 3,716. -- RMB 56 million, 6% of total, with overseas scooter ASP up from RMB 2,962 to RMB 3,716. Accessories, Spare Parts, and Services Revenue -- RMB 85 million, up 13%, primarily on Niu Services growth. -- RMB 85 million, up 13%, primarily on Niu Services growth. Gross Profit -- Over RMB 159 million, up from RMB 118 million, with gross margin at 17.4% (0.1 ppt higher year over year, 2.1 ppt up sequentially). -- Over RMB 159 million, up from RMB 118 million, with gross margin at 17.4% (0.1 ppt higher year over year, 2.1 ppt up sequentially). Operating Expenses -- RMB 264 million, increasing 60%; OpEx ratio was 29%, down from 30.5% last quarter. -- RMB 264 million, increasing 60%; OpEx ratio was 29%, down from 30.5% last quarter. Selling and Marketing Expenses -- RMB 180 million, up RMB 65 million; accounted for 19.8% of revenue (up from 16.8% but down from 21.3% last quarter). -- RMB 180 million, up RMB 65 million; accounted ...

Getty Images SpaceX’s ( SPCX ) IPO S-1 filing was made public on May 20 th , 2026. 1 After it was published, we dove into the filing and pulled out 5 key takeaways for SpaceX’s initial public offering (IPO) and how investors can get exposure through AI ETF AGIX, the KraneShares Artificial Intelligence & Technology ETF ( AGIX ). 1. SpaceX’s Eye-Catching Total Addressable Market & Revenue Breakdown SpaceX has identified a “quantifiable” total addressable market (TAM) of $28.5 trillion, which it calls the largest actionable TAM in human history. 1 This 28.5 trillion figure spans three broad areas: $370 billion in space, $1.6 trillion in connectivity, and $26.5 trillion in AI. 1 Additionally, SpaceX’s S-1 confirms what many investors suspected: Starlink has overtaken the company’s space segment (“launch”) as the main driver of the company’s revenue. Revenue Highlights: Starlink now accounts for the majority of SpaceX revenue and is already generating attractive operating margins, with the Connectivity segment delivering $11.39 billion of revenue in 2025 and $3.26 billion in the first quarter of 2026. 1 Starlink is also experiencing rapid subscriber growth, and SpaceX’s S-1 stated that Starlink’s TAM of $1.6 trillion is split between $870 billion for fixed Starlink broadband and about $740 billion for Starlink mobile services. 1 Launch remains an important contributor but is no longer the primary economic engine of the business. The filing shows that the Launch segment is a scaled but lower-margin business, with growth across government and commercial contracts offset by heavy depreciation and ongoing R&D for Starship, reusable boosters, and related infrastructure. Investors should think of Launch as the technological and financial foundation on which higher-margin recurring Starlink and data service revenues are being built. 2. SpaceX Is Currently Operating At A Loss While revenue growth has been strong across all segments (Space, Connectivity, and AI), the S-1 makes cl...

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Devon Energy Corp. (Symbol: DVN), where a total volume of 118,009 contracts has been traded thus far today, a contract volume which is representative of approximately 11.8 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 75.7% of DVN's average daily trading volume over the past month, of 15.6 million shares. Particularly high volume was seen for the $55 strike call option expiring July 17, 2026 , with 30,749 contracts trading so far today, representing approximately 3.1 million underlying shares of DVN. Below is a chart showing DVN's trailing twelve month trading history, with the $55 strike highlighted in orange: Warrior Met Coal Inc (Symbol: HCC) saw options trading volume of 6,762 contracts, representing approximately 676,200 underlying shares or approximately 75.7% of HCC's average daily trading volume over the past month, of 893,650 shares. Especially high volume was seen for the $110 strike call option expiring July 17, 2026, with 5,529 contracts trading so far today, representing approximately 552,900 underlying shares of HCC. Below is a chart showing HCC's trailing twelve month trading history, with the $110 strike highlighted in orange: And DraftKings Inc (Symbol: DKNG) options are showing a volume of 80,652 contracts thus far today. That number of contracts represents approximately 8.1 million underlying shares, working out to a sizeable 70% of DKNG's average daily trading volume over the past month, of 11.5 million shares. Particularly high volume was seen for the $26 strike call option expiring June 05, 2026, with 26,927 contracts trading so far today, representing approximately 2.7 million underlying shares of DKNG. Below is a chart showing DKNG's trailing twelve month trading history, with the $26 strike highlighted in orange: For the various different available expiratio...

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Verra Mobility Corp (Symbol: VRRM), where a total volume of 17,195 contracts has been traded thus far today, a contract volume which is representative of approximately 1.7 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 86% of VRRM's average daily trading volume over the past month, of 2.0 million shares. Particularly high volume was seen for the $5 strike call option expiring June 18, 2026 , with 5,832 contracts trading so far today, representing approximately 583,200 underlying shares of VRRM. Below is a chart showing VRRM's trailing twelve month trading history, with the $5 strike highlighted in orange: Cannae Holdings Inc (Symbol: CNNE) options are showing a volume of 4,000 contracts thus far today. That number of contracts represents approximately 400,000 underlying shares, working out to a sizeable 81.7% of CNNE's average daily trading volume over the past month, of 489,875 shares. Particularly high volume was seen for the $17.50 strike call option expiring November 20, 2026, with 2,655 contracts trading so far today, representing approximately 265,500 underlying shares of CNNE. Below is a chart showing CNNE's trailing twelve month trading history, with the $17.50 strike highlighted in orange: And Groupon Inc (Symbol: GRPN) options are showing a volume of 17,006 contracts thus far today. That number of contracts represents approximately 1.7 million underlying shares, working out to a sizeable 78.1% of GRPN's average daily trading volume over the past month, of 2.2 million shares. Particularly high volume was seen for the $45 strike call option expiring January 15, 2027, with 3,351 contracts trading so far today, representing approximately 335,100 underlying shares of GRPN. Below is a chart showing GRPN's trailing twelve month trading history, with the $45 strike highlighted in o...

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Corsair Gaming Inc (Symbol: CRSR), where a total volume of 17,207 contracts has been traded thus far today, a contract volume which is representative of approximately 1.7 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 115.1% of CRSR's average daily trading volume over the past month, of 1.5 million shares. Especially high volume was seen for the $10 strike call option expiring June 18, 2026 , with 5,724 contracts trading so far today, representing approximately 572,400 underlying shares of CRSR. Below is a chart showing CRSR's trailing twelve month trading history, with the $10 strike highlighted in orange: Cleveland-Cliffs Inc (Symbol: CLF) saw options trading volume of 168,659 contracts, representing approximately 16.9 million underlying shares or approximately 111.3% of CLF's average daily trading volume over the past month, of 15.2 million shares. Especially high volume was seen for the $13 strike call option expiring July 17, 2026, with 37,761 contracts trading so far today, representing approximately 3.8 million underlying shares of CLF. Below is a chart showing CLF's trailing twelve month trading history, with the $13 strike highlighted in orange: And Sezzle Inc (Symbol: SEZL) saw options trading volume of 7,483 contracts, representing approximately 748,300 underlying shares or approximately 104.6% of SEZL's average daily trading volume over the past month, of 715,175 shares. Particularly high volume was seen for the $75 strike put option expiring July 17, 2026, with 5,010 contracts trading so far today, representing approximately 501,000 underlying shares of SEZL. Below is a chart showing SEZL's trailing twelve month trading history, with the $75 strike highlighted in orange: For the various different available expirations for CRSR options, CLF options, or SEZL options, visit...