Western Star Resources宣布，已向美国国防工业基地联盟（DIBC）提交申请，响应其关键矿产项目提案征集。此次申请聚焦于钨（WO3）供应，正值钨价飙升、西方各国急于摆脱对外国供应链依赖的关键窗口期。 数据显示，鹿特丹APT（仲钨酸铵）基准价格已逼近每吨度3，185美元，年初至今上涨约350%，过去12个月累计涨幅高达约900%。与此同时，美国自2015年以来再无商业化钨矿山投产，...
Western Star Resources宣布，已向美国国防工业基地联盟（DIBC）提交申请，响应其关键矿产项目提案征集。此次申请聚焦于钨（WO3）供应，正值钨价飙升、西方各国急于摆脱对外国供应链依赖的关键窗口期。 数据显示，鹿特丹APT（仲钨酸铵）基准价格已逼近每吨度3，185美元，年初至今上涨约350%，过去12个月累计涨幅高达约900%。与此同时，美国自2015年以来再无商业化钨矿山投产，而一项将于2027年1月1日生效的联邦采购规则将禁止来自俄罗斯、伊朗和朝鲜等国家的钨用于关键国防用途。 Western Star的旗舰资产是位于内华达州贾比奇的Rowland钨矿，这是一座历史生产矿山，1943年至1956年间曾产出超过1，000吨矿石，品位高达3.38%的三氧化钨。公司计划于2026年启动该矿的首次现代钻探计划，CEO Blake Morgan表示，团队将于5月赴华盛顿就这一历史生产资产进行讨论。 与此同时，公司还与德国Plutus Invest & Consulting签署了为期12个月的投资者关系协议，费用为20万欧元，旨在拓展欧洲市场知名度。此外，Western Star宣布以每股0.60加元进行非经纪流转股份私募融资，总筹资50万加元，所得将用于勘探支出。 责任编辑：张俊 SF065
In a world awash in high-tech security tools like passkeys, quantum-safe algorithms, and public-key cryptography, it can be refreshing to get back to the simple things... like a good old-fashioned canary trap. The canary trap is a simple tool often used to identify leakers or double agents. To make one, you simply share a document, image, or database but make tiny changes that are unique to each r...
In a world awash in high-tech security tools like passkeys, quantum-safe algorithms, and public-key cryptography, it can be refreshing to get back to the simple things... like a good old-fashioned canary trap. The canary trap is a simple tool often used to identify leakers or double agents. To make one, you simply share a document, image, or database but make tiny changes that are unique to each recipient. That way, if those changes show up verbatim in any leak of the information, you know immediately which recipient was behind the leak. You don't often see canary traps in the news, though they have long been a staple of spy fiction (and practice), so an account out of Canada last week caught my eye. Read full article Comments
European Union Economy Commissioner Valdis Dombrovskis warned of the stagflationary effect that the Iran war is creating for the bloc. “Higher energy prices affect every actor in the European economy, firms and families alike — they are pushing the EU economy onto a path of weaker growth and higher inflation,” he told reporters on Monday. “Europe is facing is a stagflationary shock.” Speaking alon...
European Union Economy Commissioner Valdis Dombrovskis warned of the stagflationary effect that the Iran war is creating for the bloc. “Higher energy prices affect every actor in the European economy, firms and families alike — they are pushing the EU economy onto a path of weaker growth and higher inflation,” he told reporters on Monday. “Europe is facing is a stagflationary shock.” Speaking alongside him in Brussels, Eurogroup chief Kyriakos Pierrakakis tried to put a brave face on the situation. “We are in a stagflationary tendency, meaning that we are updating our projections for growth downwards and for inflation upwards,” he said. “But we are not in full stagflation mode at this point.” The comments come after European Central Bank President Christine Lagarde said last week that stagflation is a label that belongs to the 1970s and shouldn’t be used to describe the current predicament of the euro zone. The European Commission, the EU’s executive, is set to publish new economic forecasts this month, Dombrovskis said. “The overall economic impact will depend on how the conflict evolves, particularly its implications on energy supplies and infrastructure,” he said. “On a more positive note, our economies are now better prepared to absorb the energy shock than in 2022.” The EU and ECB have been adamant that any government support measures for households and businesses need to be temporary, targeted and tailored. “Our room to maneuver is already more limited today on account of higher deficit and debt levels, a higher interest rate environment and the urgent need for additional defense spending,” Dombrovskis said. “So we simply cannot afford to repeat the mistakes of the past.” Lagarde Joins Powell in Rejecting Stagflation Label of 1970s ECB’s Stournaras Sees Recession Concern for the Euro Area ECB’s Nagel Sees Case for Hike Without Marked Inflation Progress
Getty Images The news of the Iran crisis's impact on oil and gas markets is challenging to follow. What is clear, though, is that more shortages or shortfalls are upon us, with Asia and Europe the hardest hit. The prices of Brent ( CO1:COM ) and WTI ( CL1:COM ) futures have finally caught up from a few weeks back at ~$114 and $105, respectively, on Monday, May 4th, midday. While the U.S. has seen ...
Getty Images The news of the Iran crisis's impact on oil and gas markets is challenging to follow. What is clear, though, is that more shortages or shortfalls are upon us, with Asia and Europe the hardest hit. The prices of Brent ( CO1:COM ) and WTI ( CL1:COM ) futures have finally caught up from a few weeks back at ~$114 and $105, respectively, on Monday, May 4th, midday. While the U.S. has seen the least-worst impacts, a reshuffling of global energy supply chains and energy source mixes is likely over the medium term. Taking Stock According to a good stocktake in The Economist on April 30th, the most likely amount of oil market shortfall has been 12.3 m/b/d, or 10% of global supply through March and April. I wrote about alternative pipelines used by Saudi Arabia and the UAE that bypass the Strait of Hormuz in an earlier article . The value of spare capacity, mostly from them, is limited now, a good amount of it blocked. U.S. shale is forecast to only ramp up 300,000-700,000 extra barrels per day over the next 3 to 6 months. Russia could add 300,000. Solutions in the near term are rationing of supply and price hikes to reduce demand. Crude oil demand has been reduced in the Middle East, owing to war disruptions; roughly 50% in Asia; and the remaining from East Africa, which is dependent on the Gulf; and some Eastern Europe. Interestingly, as noted earlier too, U.S. crude exports and refined products would be called upon. Reuters reported on April 30th: “Total U.S. crude exports climbed to a record 6.44 million barrels per day, marking a 1.64 million bpd rise from the week prior.” See where our transport fuel exports go —mostly to Latin America and the UK, plus the Netherlands. Pain points are most visible in diesel cargoes. One trader saw a $600 diesel cargo from $300 the week prior. The U.S. doubled diesel exports to Europe from January 2025 of 167,000 b/d to 396,000 in January 2026 for heating and power. Russian sanctions were the main cause of Europe’s switch to...
cmannphoto The State Street Materials Select Sector SPDR ETF ( XLB ) has gained roughly 13% year-to-date, outperforming the broader market and highlighting solid momentum in the materials space despite ongoing market volatility, with investors continuing to closely watch steel, chemical, and metals stocks. MP Materials ( MP ), recently initiated as 'outperform' at Wedbush and described as “America...
cmannphoto The State Street Materials Select Sector SPDR ETF ( XLB ) has gained roughly 13% year-to-date, outperforming the broader market and highlighting solid momentum in the materials space despite ongoing market volatility, with investors continuing to closely watch steel, chemical, and metals stocks. MP Materials ( MP ), recently initiated as 'outperform' at Wedbush and described as “America’s rare earth national champion,” currently carries a 'hold' rating with short interest at 15.20%, while among the least shorted names, Sociedad Química y Minera de Chile S.A. ( SQM ), also a 'hold', has short interest at just 0.51%. Most shorted stocks (market cap above $2B): MP Materials Corp. ( MP ) — Quant Rating: Hold (2.91); Short Interest: 15.20% Cleveland-Cliffs Inc. ( CLF ) — Quant Rating: Hold (2.80); Short Interest: 14.73% Graphic Packaging Holding Company ( GPK ) — Quant Rating: Strong Sell (1.38); Short Interest: 13.75% Alpha Metallurgical Resources, Inc. ( AMR ) — Quant Rating: Hold (2.63); Short Interest: 13.21% Huntsman Corporation ( HUN ) — Quant Rating: Hold (3.21); Short Interest: 12.71% Least shorted stocks (market cap above $2B): Sociedad Química y Minera de Chile S.A. ( SQM ) — Quant Rating: Hold (3.44); Short Interest: 0.51% AngloGold Ashanti plc ( AU ) — Quant Rating: Buy (4.03); Short Interest: 0.73% Greif, Inc. ( GEF.B ) — Quant Rating: Not Covered; Short Interest: 0.86% Ardagh Metal Packaging S.A. ( AMBP ) — Quant Rating: Hold (3.20); Short Interest: 0.95% Balchem Corporation ( BCPC ) — Quant Rating: Hold (2.88); Short Interest: 1.07% More on related stocks, etc. XLB: Materials' Alpha Cools As The U.S.-Iran Conflict Presses On MP Materials: The Market Is Missing This Rare Earth Opportunity MP Materials: Some Reasons For Optimism Ahead Of Earnings (Upgrade) Most and least shorted materials stocks with up to $2B market cap Hedge funds ramp up materials buying at fastest pace in five months, led by longs
Earnings Call Insights: Axsome Therapeutics (AXSM) Q1 2026 Management View "In the first quarter of 2026, Axsome delivered strong year-over-year growth and execution across the business" (Founder, Chairman, CEO & President Herriot Tabuteau), and "total revenue for our 3 marketed products was $191 million, representing year-over-year growth of 57%, driven by Auvelity and Sunosi with contribution fr...
Earnings Call Insights: Axsome Therapeutics (AXSM) Q1 2026 Management View "In the first quarter of 2026, Axsome delivered strong year-over-year growth and execution across the business" (Founder, Chairman, CEO & President Herriot Tabuteau), and "total revenue for our 3 marketed products was $191 million, representing year-over-year growth of 57%, driven by Auvelity and Sunosi with contribution from SYMBRAVO" (CEO Tabuteau). "Last week, we received FDA approval of Auvelity for the treatment of agitation associated with Alzheimer's disease" (CEO Tabuteau), and he said the company "substantially expanded the sales force for Auvelity" and "finalized plans for the expansion of the SYMBRAVO sales force" (CEO Tabuteau). "Total revenue for the quarter was $191.2 million" (Chief Financial Officer Nick Pizzie), and "net loss for the quarter was $64.5 million or $1.26 per share" (CFO Pizzie); he also said, "we anticipate that our current cash balance is sufficient to fund our operations into cash flow positivity based on our current operating plan" (CFO Pizzie). "We now believe Auvelity has the potential to generate at least $8 billion in annual revenue at peak with approximately equal contribution from each indication" (Chief Commercial Officer Ari Maizel), alongside a June launch cadence: "Our expansion efforts are substantially complete, positioning us well for the commercial launch in June" (CCO Maizel). Outlook "We gave guidance, right? We have peak sales guidance out there of at least $8 billion for Auvelity, $300 million to $500 million for Sunosi and $500 million to $1 billion for SYMBRAVO" (CFO Pizzie), while adding, "there's many variables out there from a short-term perspective" (CFO Pizzie). "We haven't guided specifically on sales ramp over the course of the year" (CCO Maizel), and he framed near-term demand dynamics as: "Q1 is a quarter in which market seasonality comes into effect, but we believe it's transitory in nature as evidenced by the early demand trends...
Thanakorn Lappattaranan/iStock via Getty Images By Geoff Bysshe Last week felt like the Kentucky Derby of earnings season, especially if you listened to or read the earnings call transcripts of the big tech stocks I’ll review below. Last week’s Market Outlook, “ Intel Confirms Another Gold Mine Segment In Semiconductors ,” explained Intel’s ( INTC ) remarkable comeback from behind rally, which led...
Thanakorn Lappattaranan/iStock via Getty Images By Geoff Bysshe Last week felt like the Kentucky Derby of earnings season, especially if you listened to or read the earnings call transcripts of the big tech stocks I’ll review below. Last week’s Market Outlook, “ Intel Confirms Another Gold Mine Segment In Semiconductors ,” explained Intel’s ( INTC ) remarkable comeback from behind rally, which led it to finally reach its all-time high set back in 2000. Stock moves like this are in many ways analogous to Golden Tempo’s move from last to winner in the Kentucky Derby this weekend. Even if you don’t know or care about horse racing, these final 53 seconds of the race are inspiring - Kentucky Derby 2026 Remarkable Finish . In case you’re wondering what a horse race has to do with picking winning stocks, in both cases, it takes the right leader with the right team in the right conditions to come out on top. Sometimes, a little bit of luck helps. The Next Golden Tempo Stock Last week was filled with explosive market action, insightful news, and new timely opportunities in market rotation. This week’s title asked, “ Which Will Double First: AMZN or ORCL?” I’d like to answer, “GOOGL,” but that’s not the question. The risk manager in me wants to reply, “That’s not the question you should be asking if you want the best odds of doubling your money with only these two stocks to choose from.” Finally, the tactical investor in me says, “ I’d set up a trade that increases my odds of doubling my money with these two stocks, and bet on doubling it faster by picking the right one.” Before I get to the answer, let’s look at the insightful news and new timely opportunities that occurred last week, because they both inform the answer to the AMZN vs. ORCL challenge and a whole lot more. The AI Power Play: 7 Thematic Pillars of Big Tech’s AI Infrastructure Buildout Last week delivered a slew of earnings reports, including some of the most important companies at the center of the AI infrastr...
Investors are turning away from somewhat speculative and unprofitable stocks right now, given the significant volatility and economic-related uncertainty we face. But what if this rotation is creating attractive buying opportunities? Consider Viking Therapeutics (NASDAQ: VKTX) , a biotech company that has underperformed this year. The drugmaker's shares are down by 15% to date. Yet, Wall Street ha...
Investors are turning away from somewhat speculative and unprofitable stocks right now, given the significant volatility and economic-related uncertainty we face. But what if this rotation is creating attractive buying opportunities? Consider Viking Therapeutics (NASDAQ: VKTX) , a biotech company that has underperformed this year. The drugmaker's shares are down by 15% to date. Yet, Wall Street has high hopes for Viking Therapeutics. Based on its average price target of $92.33 (according to Yahoo! Finance), the stock could soar by 207% over the next 12 months, given its share price as of this writing. Why does Wall Street have such high expectations for Viking Therapeutics? And is it worth investing in the company right now? Let's find out. Image source: The Motley Fool. Viking Therapeutics has no product on the market and generates no revenue. That makes the stock inherently risky. However, the company has several promising pipeline candidates. Viking Therapeutics is developing anti-obesity medicines. This area may be one of the most popular in the biotech industry right now. The leading approved weight-loss therapy, Zepbound, continues to post impressive sales. Here's the good news: There are reasons to think the market boasts massive white space. Continue reading
总部位于佛罗里达州博卡拉顿的3D扫描公司View As Built近日宣布，正式推出基于激光雷达技术的全套3D扫描服务，涵盖竣工文档、BIM建模、CAD图纸、点云数据及360度虚拟漫游，服务于佛罗里达州各地的住宅和商业项目。 该公司的专业3D扫描服务可在一次现场访问中完成数据采集，并生成完整的交付成果包，包括竣工图纸、BIM模型、CAD文件、点云扫描数据以及Matterport风格的360度虚拟导...
总部位于佛罗里达州博卡拉顿的3D扫描公司View As Built近日宣布，正式推出基于激光雷达技术的全套3D扫描服务，涵盖竣工文档、BIM建模、CAD图纸、点云数据及360度虚拟漫游，服务于佛罗里达州各地的住宅和商业项目。 该公司的专业3D扫描服务可在一次现场访问中完成数据采集，并生成完整的交付成果包，包括竣工图纸、BIM模型、CAD文件、点云扫描数据以及Matterport风格的360度虚拟导览。通过将激光雷达扫描、3D建模和虚拟漫游技术相结合，View As Built帮助承包商、建筑师和业主减少项目延误、避免重复现场考察，并改善施工与设计团队之间的协作。 View As Built的一位代表表示：“我们的工作流程旨在高效完成从采集到交付的全过程。通过一次访问同时产出BIM、CAD、点云和360导览成果，客户可以避免因分散的文档记录方法和多次进场而导致的延误。” 公司服务应用于现有条件测绘、翻新规划、施工文档、保险记录和房地产营销等多个领域，覆盖迈阿密、博卡拉顿、劳德代尔堡、西棕榈滩及周边地区，并提供三州地区的服务。 交付成果采用行业标准格式，包括Revit/IFC格式的BIM模型、DWG/DXF格式的CAD图纸以及RCP/E57格式的点云数据，可直接用于专业设计施工工作流。 责任编辑：张俊 SF065
Russia has ordered a two-day ceasefire in the war against Ukraine to coincide with Victory Day, which marks the anniversary of the defeat of Nazi Germany in World War 2. The Russian Ministry of Defence said on Monday that this would apply on May 8 and 9, following an order from President Vladimir Putin, adding that Moscow expects the Ukrainian side to observe the truce. “If the Kyiv regime attempt...
Russia has ordered a two-day ceasefire in the war against Ukraine to coincide with Victory Day, which marks the anniversary of the defeat of Nazi Germany in World War 2. The Russian Ministry of Defence said on Monday that this would apply on May 8 and 9, following an order from President Vladimir Putin, adding that Moscow expects the Ukrainian side to observe the truce. “If the Kyiv regime attempts to implement its criminal plans to disrupt the celebration of the 81st anniversary of Victory in...
Earnings Call Insights: Norwegian Cruise Line Holdings (NCLH) Q1 2026 Management view "My key focus is on driving sustainable improvement at NCLH, and that starts with disciplined execution, operational rigor and a clear focus on the fundamentals." (President, CEO & Chairman John Chidsey) "We are streamlining the shoreside organization and making targeted role and position adjustments to improve e...
Earnings Call Insights: Norwegian Cruise Line Holdings (NCLH) Q1 2026 Management view "My key focus is on driving sustainable improvement at NCLH, and that starts with disciplined execution, operational rigor and a clear focus on the fundamentals." (President, CEO & Chairman John Chidsey) "We are streamlining the shoreside organization and making targeted role and position adjustments to improve efficiency and better align resources." (President, CEO & Chairman Chidsey) "As a result, we expect our salary and benefits costs to decrease by approximately 15% on an annualized basis." (President, CEO & Chairman Chidsey) "In line with this focus, we are planning to reduce our marketing spend in 2026 while sharpening the effectiveness of that spend." (President, CEO & Chairman Chidsey) "As a result of the marketing spend reductions as well as organizational optimizations, we expect to reduce our SG&A by $125 million on an annualized basis." (President, CEO & Chairman Chidsey) "Net yield in the first quarter was down 1%, which is above our guidance." (Executive VP & CFO Mark Kempa) "Adjusted EBITDA of $533 million, exceeding our guidance." (Executive VP & CFO Kempa) "Adjusted net income for the quarter... was $108 million or an adjusted EPS of $0.23." (Executive VP & CFO Kempa) Outlook "We are reducing our full year guidance for net yield, adjusted EBITDA and adjusted earnings per share." (Executive VP & CFO Kempa) "Looking to the full year, we expect net yields to decline 3% to 5%." (Executive VP & CFO Kempa) "We are reducing our full year adjusted EBITDA guidance to between $2.48 billion and $2.64 billion and our adjusted EPS guidance to between $1.45 and $1.79." (Executive VP & CFO Kempa) "Starting with net yield in the second quarter, we expect a decline of 3.6%." (Executive VP & CFO Kempa) "We currently expect the third quarter to be significantly weaker than the second quarter." (Executive VP & CFO Kempa) Compared with the prior quarter’s messaging of "bringing our fu...
泛美保险公司宣布推出Transamerica Structured Index Advantage Income Annuity，一款新型注册挂钩指数年金产品，旨在为退休人士提供有保障的终身收入，同时保持与市场机会的连接。 随着退休收入责任持续向个人转移，许多美国人正寻求将储蓄转化为可预测、可靠支付的方式。TSIA Income正是为应对这一挑战而设计，在提供保证终身收入的同时，兼顾灵活性和市场参...
泛美保险公司宣布推出Transamerica Structured Index Advantage Income Annuity，一款新型注册挂钩指数年金产品，旨在为退休人士提供有保障的终身收入，同时保持与市场机会的连接。 随着退休收入责任持续向个人转移，许多美国人正寻求将储蓄转化为可预测、可靠支付的方式。TSIA Income正是为应对这一挑战而设计，在提供保证终身收入的同时，兼顾灵活性和市场参与度。 泛美年金解决方案负责人Liza Tyler表示：“当今退休人士希望确信自己的收入能够持续，同时随着年龄增长保持灵活性。TSIA Income结合了有保障的终身收入与额外灵活性，让人们能更好地掌控收入何时开始以及如何提前规划。” TSIA Income提供多种定制选项：无明确费用收入选项，该选项允许投资者以成本高效的方式获得有保障的终身收入，收入可立即开始或推迟，且提取比例会随年龄自动增长；可选递增功能，允许在市场表现良好时重置提取基数，以增加未来收入；可选额外身故赔偿，帮助满足遗产规划需求。 此外，泛美所有RILA合约现免费附带Performance Lock+功能，允许客户在计入期内锁定指数账户收益，并提供每月机会重新进入原始指数账户选项，使顾问和投资者能根据市场变化灵活调整策略。 责任编辑：张俊 SF065
The summer grilling season, smaller cattle herds, droughts, wildfires, processing-plant closures and other supply disruptions have helped push meat prices to record highs this year. Now, the U.S. government is investigating whether corporate consolidation is also at play.
The summer grilling season, smaller cattle herds, droughts, wildfires, processing-plant closures and other supply disruptions have helped push meat prices to record highs this year. Now, the U.S. government is investigating whether corporate consolidation is also at play.
jetcityimage Volkswagen ( VLKAF ) ( VWAGY ) has increased its stake in Rivian Automotive ( RIVN ) to 15.9% with a new round of share purchases that were part of a private placement. The partnership between the German automaker and Rivian ( RIVN ) involves a total commitment of $5.8B through 2027, structured in milestone-based tranches. Volkswagen ( VLKAF ) ( VWAGY ) initially invested $1B in June ...
jetcityimage Volkswagen ( VLKAF ) ( VWAGY ) has increased its stake in Rivian Automotive ( RIVN ) to 15.9% with a new round of share purchases that were part of a private placement. The partnership between the German automaker and Rivian ( RIVN ) involves a total commitment of $5.8B through 2027, structured in milestone-based tranches. Volkswagen ( VLKAF ) ( VWAGY ) initially invested $1B in June 2024, which gave it an 8.6% stake. A second $1B tranche was delivered in mid-2025 after Rivian ( RIVN ) achieved back-to-back quarterly gross profits. In April, Volkswagen ( VLKAF ) ( VWAGY ) invested another $1B for 62,889,522 Class A shares at $15.90 per share following successful testing milestones. The joint venture specifically focuses on software platforms, zonal architecture, and electrical systems but excludes Rivian's ( RIVN ) proprietary motors, batteries, chassis, and autonomy framework. Volkswagen ( VLKAF ) ( VWAGY ) plans to deploy this technology across its core Volkswagen brand, Scout trucks, and Audi vehicles. More on Rivian Rivian Automotive, Inc. (RIVN) Q1 2026 Earnings Call Transcript Rivian Automotive, Inc. 2026 Q1 - Results - Earnings Call Presentation Rivian: It's All About R2 Rivian outlines 62,000-67,000 2026 deliveries while scaling Georgia phase 1 capacity to 300,000 units Rivian revises DOE loan down to $4.5B for Georgia factory
OpenAI ( OPENAI ) President Greg Brockman testified on Monday that his stake in the AI developer is worth nearly $30B, but that he didn't personally invest any cash in the company, according to Bloomberg. Brockman and OpenAI are currently being sued by Elon Musk for allegedly misleading him to think that the company would remain a non-profit entity after he provided $38M in startup funding. Musk h...
OpenAI ( OPENAI ) President Greg Brockman testified on Monday that his stake in the AI developer is worth nearly $30B, but that he didn't personally invest any cash in the company, according to Bloomberg. Brockman and OpenAI are currently being sued by Elon Musk for allegedly misleading him to think that the company would remain a non-profit entity after he provided $38M in startup funding. Musk has argued that OpenAI's decision to convert into a for-profit organization was done to enrich people associated with the company and breached its charitable mission. Co-defendants in the case include OpenAI CEO Sam Altman and Microsoft ( MSFT ), which also holds a major stake in the company. Brockman co-founded OpenAI in 2015 with CEO Sam Altman, Elon Musk, and a group of technologists and investors. Musk left the company's board in 2018 after he reportedly failed to negotiate a merger with his EV company, Tesla ( TSLA ). He went on to establish his own AI company, xAI, which has since been acquired by SpaceX ( SPACE ). OpenAI has accused Musk of trying to undermine the company with his lawsuit because it competes in the same space as xAI ( X.AI ). Altman has said he doesn't hold an equity stake in OpenAI, Bloomberg noted . OpenAI restructured in October into a for-profit entity overseen by a non-profit foundation, which in turn held a 26% stake in the for-profit company. On Monday, the company valued the foundation's stake at around $200B, Bloomberg added. Both OpenAI ( OPENAI ) and SpaceX ( SPACE ) are reportedly gearing up to hold massive IPOs later this year. OpenAI is best known for its AI chatbot ChatGPT, while SpaceX's xAI is known for its chatbot Grok. More on OpenAI Wall Street Lunch: UAE Blindsides Oil Market With OPEC Exit Plan Wall Street Lunch: OpenAI Loosens Exclusivity In Revised Microsoft Pact Nadella's Flip-Flop White House discusses vetting AI models before public release: report Musk reportedly contacted OpenAI about settling lawsuit prior to trial