SpaceX boosted its target IPO valuation above $2 trillion, according to people familiar with the matter, as the world’s most valuable startup gears up to pitch potentially the biggest-ever market debut. Billionaire Elon Musk ’s rocket, satellite and AI company and its advisers are floating the figure to prospective investors in its initial public offering, the people said, ahead of meetings in the...
SpaceX boosted its target IPO valuation above $2 trillion, according to people familiar with the matter, as the world’s most valuable startup gears up to pitch potentially the biggest-ever market debut. Billionaire Elon Musk ’s rocket, satellite and AI company and its advisers are floating the figure to prospective investors in its initial public offering, the people said, ahead of meetings in the coming weeks. The so-called testing-the-waters briefings would likely include more detail that would support the valuation, Bloomberg News has reported. Read More: SpaceX Plans April Investor Briefings as IPO Questions Swirl At more than $2 trillion, SpaceX’s valuation would increase by nearly two thirds in a matter of months. The company’s acquisition of Musk’s xAI valued the combined company at $1.25 trillion, Bloomberg News reported in February. It would also be bigger than all but five of the companies in the S&P 500 Index — Nvidia Corp. , Apple Inc. , Alphabet Inc. , Microsoft Corp. and Amazon.com Inc. It would be larger by that metric than Meta Platforms Inc. and Musk’s own Tesla Inc. , the two other members of the so-called Magnificent 7 stocks. SpaceX has filed confidentially for an IPO that could take place in June, Bloomberg News reported Wednesday. The listing would make SpaceX the first of a potential trio of mega-IPOs, followed by OpenAI and Anthropic PBC , whose chatbots are rivals to SpaceX subsidiary xAI’s Grok. Read More: Is SpaceX Worth $1.75 Trillion? Key Questions for Musk’s Big IPO Deliberations are ongoing and details of the offering could still change, the people said, asking not to be identified as the information isn’t public. A representative for SpaceX didn’t immediately respond to a request for comment. What Bloomberg Intelligence Says: SpaceX leads launch and low-earth orbit communication/broadband offerings, with the xAI merger and planned IPO supporting investment in larger launch vehicles and data centers in space. Launch and Starlink still ...
In trading on Thursday, shares of Brookfield Business Corp (TSX: BBUC.TO) crossed above their 200 day moving average of $46.55, changing hands as high as $47.00 per share. Brookfield Business Corp shares are currently trading up about 0.9% on the day. The chart below shows the
In trading on Thursday, shares of Brookfield Business Corp (TSX: BBUC.TO) crossed above their 200 day moving average of $46.55, changing hands as high as $47.00 per share. Brookfield Business Corp shares are currently trading up about 0.9% on the day. The chart below shows the
Galeanu Mihai/iStock via Getty Images Wall Street severely punished the shares of Nutrien Ltd. ( NTR ), one of the world's largest integrated suppliers of agricultural resources and fertilizers, once the global commodity bubble of 2022 burst. The stock prices soared on the background of panic and geopolitical shocks. They crashed to the level of $50, having flushed from the stock all speculative c...
Galeanu Mihai/iStock via Getty Images Wall Street severely punished the shares of Nutrien Ltd. ( NTR ), one of the world's largest integrated suppliers of agricultural resources and fertilizers, once the global commodity bubble of 2022 burst. The stock prices soared on the background of panic and geopolitical shocks. They crashed to the level of $50, having flushed from the stock all speculative capital. And although lately the shares started to construct a foundation for recovery, being priced now in the vicinity of $74 with a market valuation near $36.3 billion, the wide market persists in imposing upon the firm a rigid cyclical discount. Investors by inertia relate to Nutrien as to a fading commodity asset—completely disregarding the grand structural transformation taking place within the company. Or rather, they simply don't see it yet. Behind the wary, and at times openly pessimistic moods of the analysts is concealed a most potent turnaround story. This story is propped up by three pillars: aggressive optimization of expenditures, the solidifying of structural free cash flow, and an unrivaled program for returning capital to the shareholders. However, there is a catch: the market is totally blind toward the approaching macroeconomic driver. The external climate, linked with the worldwide energy crisis and the destruction of infrastructure in the Middle East, constructs for Nutrien a perfect storm with a "plus" sign. It turns out that for the thinking long-horizon investor, the present alignment produces a highly scarce entry point with elevated asymmetry of risk and reward, where the upside potential outstrips the danger of further drawdown. Profile of the company and the essence of the problem Historically, upon a unique, nearly impossible-to-duplicate integrated business model was the economic moat of Nutrien erected. Unlike narrow-focus rivals, Nutrien fuses the manufacture of world-class fertilizers. It acts as the ultimate leader in the potash segment and...
Justice Jackson's Birthright Citizenship Comments Were A Total Disaster Justice Ketanji Brown Jackson turned Wednesday's Supreme Court birthright citizenship oral arguments into another demonstration of her lack of qualifications for sitting on the high court. The case centers on President Trump's executive order challenging the automatic grant of citizenship to children born on U.S. soil to non-c...
Justice Jackson's Birthright Citizenship Comments Were A Total Disaster Justice Ketanji Brown Jackson turned Wednesday's Supreme Court birthright citizenship oral arguments into another demonstration of her lack of qualifications for sitting on the high court. The case centers on President Trump's executive order challenging the automatic grant of citizenship to children born on U.S. soil to non-citizen parents. It was, on paper, one of the most consequential constitutional arguments in decades. For Jackson, it became a showcase of creative — if baffling — jurisprudence. Speaking to ACLU attorney Cecillia Wang, Jackson offered an extremely bizarre take on allegiance to a nation. "I was thinking, you know … I, a U.S. citizen, am visiting Japan. And what it means is that, you know, if I steal someone's wallet in Japan, the Japanese authorities can arrest me and prosecute me. It's allegiance, meaning, can they control you as a matter of law ?" She continued: "I can also rely on them if my wallet is stolen, to, you know, under Japanese law, go and prosecute the person who has stolen it." Then the kicker: "So there's this relationship based on — even though I'm a temporary traveler, I'm just on vacation in Japan, I'm still locally owing allegiance in that sense. Is that the right way to think about it?" What Jackson described isn't allegiance in any constitutional, historical, or even pedestrian sense of the word. It's basic jurisdictional law - the notion that when you're in a foreign country, local law applies to you. That has nothing to do with the 14th Amendment's "subject to the jurisdiction thereof" clause, which turns on political allegiance and sovereign obligation, not tourism logistics. Justice KBJ: "If I steal a wallet in Japan, I am subject to Japanese laws….. in a sense, it's allegiance." Her case for birthright citizenship: pic.twitter.com/2oEal2seWv — End Wokeness (@EndWokeness) April 1, 2026 Jackson didn’t help herself when she started quoting an exchange...
In trading on Thursday, shares of Goldman Sachs Group Inc's Floating Rate Non-Cumulative Preferred Stock, Series C (Symbol: GS.PRC) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.2462), with shares changing hands as low as $19.13 on the day.
In trading on Thursday, shares of Goldman Sachs Group Inc's Floating Rate Non-Cumulative Preferred Stock, Series C (Symbol: GS.PRC) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.2462), with shares changing hands as low as $19.13 on the day.
In trading on Thursday, shares of Invesco Mortgage Capital Inc's 7.50% Fixed-to-Floating Series C Cumulative Redeemable Preferred Stock (Symbol: IVR.PRC) were yielding above the 8% mark based on its quarterly dividend (annualized to $1.875), with shares changing hands as low as
In trading on Thursday, shares of Invesco Mortgage Capital Inc's 7.50% Fixed-to-Floating Series C Cumulative Redeemable Preferred Stock (Symbol: IVR.PRC) were yielding above the 8% mark based on its quarterly dividend (annualized to $1.875), with shares changing hands as low as
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Roku Inc (Symbol: ROKU), where a total volume of 16,794 contracts has been traded thus far today, a contract volume which is representative of approximately 1.7
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Roku Inc (Symbol: ROKU), where a total volume of 16,794 contracts has been traded thus far today, a contract volume which is representative of approximately 1.7