Daniel Hull/iStock Editorial via Getty Images Elon Musk’s SpaceX ( SPACE ) is said to be targeting a valuation of about $1.75 trillion in a future initial public offering, a level that would instantly place it among the most valuable U.S. companies despite its relatively short history. Investor enthusiasm appears strong, with demand already spilling into private secondary markets where buyers acce...
Daniel Hull/iStock Editorial via Getty Images Elon Musk’s SpaceX ( SPACE ) is said to be targeting a valuation of about $1.75 trillion in a future initial public offering, a level that would instantly place it among the most valuable U.S. companies despite its relatively short history. Investor enthusiasm appears strong, with demand already spilling into private secondary markets where buyers accept complex structures just to gain exposure ahead of a listing that could raise as much as $75 billion, Reuters reported Wednesday. SpaceX's proposed valuation in an IPO would make it one of the world's biggest companies by market capitalization. (Seeking Alpha) The company’s valuation is largely supported by its Starlink satellite business, which is profitable, growing rapidly and accounts for a significant share of revenue. Its launch operations, led by the reusable Falcon 9 rocket, have also reshaped access to space and continue to set industry records for frequency. Still, much of the valuation hinges on future bets. Projects such as the Starship program, expansion into satellite-based data infrastructure and ties to Musk’s artificial intelligence ventures remain unproven but are being priced in by investors who expect long-term payoff. SpaceX’s ( SPACE ) dominance in low-Earth orbit satellites gives it a strong competitive position, especially as rivals struggle with limited launch capacity. However, some key initiatives, including Starship and direct-to-device satellite services, must scale successfully to justify the lofty valuation. Financially, the company generated roughly $15 billion to $16 billion in revenue in 2025 with about $8 billion in earnings before interest, taxes, depreciation and amortization. Even assuming aggressive growth, the implied valuation multiples are extremely high compared with other technology leaders, raising questions about how much future performance is already reflected in the price. Recent private market transactions suggest investors...
Big Tech and AI have been under pressure for months, but is it time to bet big on one familiar name? Kenny Polcari, CEO and CIO of BD8 Capital Partners, Barbara Doran, Barron's Investor Circle Newsletter Editor, Josh Schafer, and Former Ellevest VP of People, Amanda Polcari, discuss why it may be time to give Microsoft another look.
Big Tech and AI have been under pressure for months, but is it time to bet big on one familiar name? Kenny Polcari, CEO and CIO of BD8 Capital Partners, Barbara Doran, Barron's Investor Circle Newsletter Editor, Josh Schafer, and Former Ellevest VP of People, Amanda Polcari, discuss why it may be time to give Microsoft another look.
WSL academy teams would play in third tier Previous FA expansion plan was withdrawn last year Plans to include four Women’s Super League academy sides in the third tier of pyramid from 2027 have been criticised as an idea based around “repackaged B teams” and has received a mixed reaction from club staff and supporters. The changesto the Women’s National League, put forward by the Football Associa...
WSL academy teams would play in third tier Previous FA expansion plan was withdrawn last year Plans to include four Women’s Super League academy sides in the third tier of pyramid from 2027 have been criticised as an idea based around “repackaged B teams” and has received a mixed reaction from club staff and supporters. The changesto the Women’s National League, put forward by the Football Association, would also introduce a mid-season split similar to that used in Scotland, as well as a potential investment package of about £1m and enhancements to legal and medical support in the loan system. They have not yet been formally ratified, but consultations are continuing. Continue reading...
Welcome to India Edition, Bloomberg’s daily dive into what’s moving the worlds of business, markets and politics in this dynamic, fast-paced economy. I’m Menaka Doshi . If you didn’t receive this directly in your inbox, you can subscribe here , and share feedback with us here . Today, I look at the ceasefire impact on India and my colleague Chetna Kumar explains the criticality of the upcoming sta...
Welcome to India Edition, Bloomberg’s daily dive into what’s moving the worlds of business, markets and politics in this dynamic, fast-paced economy. I’m Menaka Doshi . If you didn’t receive this directly in your inbox, you can subscribe here , and share feedback with us here . Today, I look at the ceasefire impact on India and my colleague Chetna Kumar explains the criticality of the upcoming state elections. Peace, Pause, Politics I’ve three important updates for you today — on whether the ceasefire will hold, what the RBI said on Indian growth and inflation, and the collateral impact of Pakistan’s peacemaking. A fragile peace holds some 12 hours after the world stepped back from the brink of a devastating escalation in the US-Israel war on Iran. Stock and bond markets rallied on news of the ceasefire, and oil slumped well below $100 a barrel. The dollar hit a four-week low as risk appetite recovered across the world. The relief may be premature because the core challenges remain, as my colleagues explain in this deep dive . There are too many unknowns: Will US President Donald Trump live down another TACO Tuesday? Will Israel toe the ceasefire line not just in Iran but also in Lebanon ? Will the world agree to Iranian control over the Strait of Hormuz, which is one of the key conditions in its ten-point proposal for peace? More importantly for India, details are fuzzy on how quickly the 800 stranded ships will start clearing the Strait of Hormuz and how long it will take for the Middle East’s energy assets (and hence crude prices) to return to pre-war supply. In this backdrop, the Reserve Bank of India held the benchmark interest rate unchanged at 5.25% . It projected inflation at 4.6% this fiscal versus 2.1% in FY26 and growth at 6.9% versus 7.6%. That’s a more optimistic view than many economists who have cut growth forecasts to as low as 5.9% in recent days to reflect India’s oil dependence. RBI’s estimate “may need a reassessment,” Garima Kapoor, an economist...
Several energy stocks have little room left to run after the U.S. and Iran reached a two-week ceasefire to try and reach an agreement that would end the war, according to Roth Capital. The investment bank downgraded to neutral from buy the following names: Diamondback Energy , Permian Resources , Matador Resources , SM Energy , Magnolia Oil and Gas and Talos Energy . Roth did raise its price targe...
Several energy stocks have little room left to run after the U.S. and Iran reached a two-week ceasefire to try and reach an agreement that would end the war, according to Roth Capital. The investment bank downgraded to neutral from buy the following names: Diamondback Energy , Permian Resources , Matador Resources , SM Energy , Magnolia Oil and Gas and Talos Energy . Roth did raise its price targets for all six names, but those revised forecast don't point to much in the way of gains. "These stocks are all near 52-week highs and due to our expectations that front-month oil prices are likely to move lower in the near term and trade closer to $70 per bbl as opposed to $100 per bbl," analyst Leo Mariani said in a note to clients. "We think investors should stay more defensive in E & P with lower-beta names in the near term." FANG mountain 2026-02-28 Diamondback Energy shares have risen since the beginning of the Iran war. Energy stocks rallied as Iran largely blocked shipments through the Strait of Hormuz in response to Israeli and American military strikes. Restrictions at the waterway, which once accounted for roughly 20% of global oil shipments, triggered a massive disruption of crude oil supplies. All six energy stocks mentioned in Roth Capital's note have risen between 15% and 35% since the Iran war broke out in late February. However, those names shed between roughly 6% and 9% in premarket trading on Wednesday as oil price declined following the U.S. and Iran's agreement to a temporary ceasefire to negotiate an end to the conflict. Brent crude futures fell 15% to roughly $92. That's more than 20% off the $118 price level hit in late March as the Iran war seemed to be near its apex. Oil prices are likely to continue to move lower as the Iran war continues to wind down, further taking the steam out of energy stocks' rallies, according to Roth Capital. "We expect front-month and longer-dated oil prices to move lower rather quickly on the end of the conflict with Ira...
Love Employee/iStock via Getty Images Investment Approach Fidelity Freedom® Funds (the Funds) are designed so that the target date referenced in the Fund name is the approximate year when investors expect to retire. Except for Fidelity Freedom® Retirement Fund ( FFFAX ), each of the Funds seeks high total return until reaching its respective target retirement date; thereafter, each Fund's objectiv...
Love Employee/iStock via Getty Images Investment Approach Fidelity Freedom® Funds (the Funds) are designed so that the target date referenced in the Fund name is the approximate year when investors expect to retire. Except for Fidelity Freedom® Retirement Fund ( FFFAX ), each of the Funds seeks high total return until reaching its respective target retirement date; thereafter, each Fund's objective will be to seek high current income and, as a secondary objective, capital appreciation. Except for Fidelity Freedom® Retirement Fund, each Fund's asset allocation strategy becomes increasingly diversified as it approaches its target date – and beyond. Ultimately, the Funds are expected to merge with Fidelity Freedom Retirement Fund. The Funds employ a disciplined and time-tested investment process focused on helping investors achieve successful retirement outcomes by leveraging the depth and strength of Fidelity's investment research and resources. Fund Information Manager(s): Team Managed Trading Symbol: FFFAX Start Date: October 17, 1996 Size (in millions): $2,356.23 Morningstar Category: Fund Target-Date Retirement The fund is subject to risks resulting from the asset allocation decisions of the Investment Adviser. Pursuant to the Adviser's ability to use an active asset allocation strategy, investors may be subject to a different risk profile compared to the fund's neutral asset allocation strategy shown in its glide path. The fund is subject to the volatility of the financial markets, including that of equity and fixed income investments. Fixed income investments entail issuer default and credit risk, inflation risk, and interest rate risk (as interest rates rise, bond prices usually fall and vice versa). This effect is usually more pronounced for longer-term securities. Leverage can increase market exposure, magnify investment risks, and cause losses to be realized more quickly. No target date fund is considered a complete retirement program and there is no guarant...
Galp Energia SGPS SA is limiting diesel exports to build up domestic fuel inventories, as global market volatility drives higher prices and tightens supplies across key trading regions. The Portuguese oil company said the move is part of a broader effort to safeguard reserves, adding in an emailed statement that it’s “limiting diesel cargo exports to reinforce stocks” while adopting more cautious ...
Galp Energia SGPS SA is limiting diesel exports to build up domestic fuel inventories, as global market volatility drives higher prices and tightens supplies across key trading regions. The Portuguese oil company said the move is part of a broader effort to safeguard reserves, adding in an emailed statement that it’s “limiting diesel cargo exports to reinforce stocks” while adopting more cautious sourcing and trading strategies. Galp said it does not expect fuel shortages in Portugal, noting that supply remains largely anchored in the Atlantic basin despite reduced market liquidity pushing up prices. Its Sines refinery continues to operate normally and plays a central role in supplying the domestic market, according to the statement. The refinery processes crude sourced mainly from Brazil, as well as Nigeria, Algeria, Azerbaijan and the US. While Portuguese fuel prices reflect global dynamics, a pricing system based on weekly averages rather than daily swings helps smooth volatility and gives consumers greater visibility over expected changes.
Exodus Movement ( EXOD ) said on Wednesday that it held 628 Bitcoins as of March 31, 2026, compared to over 610 Bitcoins in the previous month. The company held 1,857 Etherium and 17,541 Solana as of March 31, compared to over 1,840 ETH and 15,694 SOL as of February end. The company recorded 1.5M monthly active users at the end of March, consistent with the broader industry slowdown. Exodus CFO Ja...
Exodus Movement ( EXOD ) said on Wednesday that it held 628 Bitcoins as of March 31, 2026, compared to over 610 Bitcoins in the previous month. The company held 1,857 Etherium and 17,541 Solana as of March 31, compared to over 1,840 ETH and 15,694 SOL as of February end. The company recorded 1.5M monthly active users at the end of March, consistent with the broader industry slowdown. Exodus CFO James Gernetzke remarked, “March was one of the slowest trading months the industry has seen in over a year, and our volume reflects that.” EXOD +7.26% premarket to $6.8. Source: Press Release More on Exodus Movement DeFi Development records highest short interest in March, while Bitgo lags among firms with up to $2B market cap Exodus signals payment diversification strategy as B2B swap volume hits $416M in Q4 Seeking Alpha’s Quant Rating on Exodus Movement
Ed Bastian's airline is getting roiled by the same jet fuel spike crushing every other carrier... except Delta also owns a refinery outside Philadelphia that everyone thought was insane in 2012 and is now printing $300 million a quarter
Ed Bastian's airline is getting roiled by the same jet fuel spike crushing every other carrier... except Delta also owns a refinery outside Philadelphia that everyone thought was insane in 2012 and is now printing $300 million a quarter