SpaceX notified investors that it is executing a 5-for-1 stock split, a move that will reduce the price investors will pay for each share offered in its impending initial public offering. Shareholders were notified in an email that the current fair market value per share has been adjusted to about $105.32 from $526.59 as a result of the split, according to people familiar with the matter. The stoc...
SpaceX notified investors that it is executing a 5-for-1 stock split, a move that will reduce the price investors will pay for each share offered in its impending initial public offering. Shareholders were notified in an email that the current fair market value per share has been adjusted to about $105.32 from $526.59 as a result of the split, according to people familiar with the matter. The stock split will be processed the week of May 18 and is expected to be completed by May 22, said the people, who asked not to be identified because the information isn’t public. Representatives for SpaceX didn’t immediately respond to an emailed request for comment. SpaceX is seeking to file publicly for its long-awaited IPO as soon as Wednesday, Bloomberg reported earlier Friday. The stock is expected to be highly sought after by retail investors, a constituency Chief Executive Officer Elon Musk has long courted via Tesla Inc. The electric-car maker split its shares in August 2022 and two years earlier . Musk’s rocket, satellite and artificial intelligence company aims to kick off formal marketing for the stock sale as soon as June 4, price its initial public offering as early as June 11 and list on June 12, Bloomberg reported earlier. SpaceX has filed confidentially to go public and is seeking to raise as much as $75 billion at a valuation of more than $2 trillion, which would be the largest IPO of all time. Details of the IPO, including the size and timing could still change.
VANCOUVER, British Columbia, May 15, 2026 (GLOBE NEWSWIRE) -- Rio2 Limited (“ Rio2 ” or “ the Company ”) (TSX: RIO; OTCQX: RIOFF; BVL: RIO) reports financial results for the three months ended March 31, 2026, highlighted by initial production and the early stages of ramp-up at the Fenix Gold Mine (“ Fenix Gold ”) and initial contribution from the Condestable Copper Mine (“ Condestable ”) since clo...
VANCOUVER, British Columbia, May 15, 2026 (GLOBE NEWSWIRE) -- Rio2 Limited (“ Rio2 ” or “ the Company ”) (TSX: RIO; OTCQX: RIOFF; BVL: RIO) reports financial results for the three months ended March 31, 2026, highlighted by initial production and the early stages of ramp-up at the Fenix Gold Mine (“ Fenix Gold ”) and initial contribution from the Condestable Copper Mine (“ Condestable ”) since closing of the acquisition on January 30, 2026. Rio2’s consolidated production for the quarter totaled 7,849 ounces of gold, 49,198 ounces of silver, and 6,403,188 pounds of copper. All financial information in this press release is reported in U.S. dollar unless otherwise indicated.
Waste Of The Day: Seattle's Homelessness Fiasco Authored by Jeremy Portnoy via RealClear Politics , Topline: The homelessness agency in King County, Wash., has a $45 million deficit, but auditors can’t fully figure out why, according to a state audit publicly released this April. Its accounting records are so poor that it’s impossible to track where portions of its money are being spent. Key facts...
Waste Of The Day: Seattle's Homelessness Fiasco Authored by Jeremy Portnoy via RealClear Politics , Topline: The homelessness agency in King County, Wash., has a $45 million deficit, but auditors can’t fully figure out why, according to a state audit publicly released this April. Its accounting records are so poor that it’s impossible to track where portions of its money are being spent. Key facts: The King County Regional Homelessness Authority helps run shelters and outreach to the homeless population in 39 cities. It’s funded jointly by the county and the City of Seattle. Financial records claim that the city and county owe the Homelessness Authority $49.8 million for services already performed, but the Authority could not explain what $8 million of that was for. The Authority also overspent its administrative budget by $4.3 million , auditors found. Officials bought Salesforce, a business analytics platform, in 2024 without approval from the county, the report claims. A budget amendment later allowed them to spend $563,000, but the platform ended up costing more than $2 million. Money was also wasted by hiring contractors from expensive consulting firms like Robert Half instead of using salaried workers , the audit found. The Authority contracted with one Robert Half staffer to serve as its chief financial officer for 11 months at $449,000. When the contract expired, the same person became a full-time employee for just $285,000 per year. The reliance on contractors also increased staff turnover, which employees told auditors made accounting more difficult since financial systems were constantly being altered by new leadership. The Authority was formed in December 2019 and had received $534 million in total funding as of July 2025. Some local leaders, including Seattle Mayor Katie Wilson, said they are open to the idea of dissolving it. King County Council member Rod Dembowski told the Renton Reporter , “It’s now time for elected officials to bring this failed ex...
Guido Mieth/DigitalVision via Getty Images A couple of years ago, in early November of 2023, I wrote my first and only article about WaFd ( WAFD ). At the time, things were interesting for the business. The company had a generally positive track record, including during what was shaping up to be a difficult year for the banking sector. Deposits were expanding, and risk looked low. We were seeing e...
Guido Mieth/DigitalVision via Getty Images A couple of years ago, in early November of 2023, I wrote my first and only article about WaFd ( WAFD ). At the time, things were interesting for the business. The company had a generally positive track record, including during what was shaping up to be a difficult year for the banking sector. Deposits were expanding, and risk looked low. We were seeing expansion when it came to net interest income, net profits, deposits, loans, and more. And at the end of the day, I believed this combination of factors justified a ‘buy’ rating. But since then, the stock has underperformed the market. Even though shares are up 47.1% since then, that trails the 68.8% rise that the S&P 500 saw. This is disheartening, to say the least. But when you look at the data that's available, you see a company that is doing quite well. Right now, asset quality is a bit lower than I would like it to be. But outside of that, I don't really have any complaints. Because of this, I believe that reaffirming it as a soft ‘buy’ makes a lot of sense here. It’s Too Early To Cash The Check On WaFd The newest data that we have regarding WaFd covers through the second quarter of the company's 2026 fiscal year . By most measures, it is shaping up to be a good quarter for the institution. This is not to say that everything is going great, though. Take deposits as an example. During the quarter, the company reported deposits of $21.12 billion. That was actually down slightly from the $21.44 billion that the institution had at the end of last year. Author - SEC EDGAR Data As deposits decreased, the value of loans dropped also. The firm ended the second quarter with loans of $19.97 billion. That was down ever so slightly from the $20.09 billion that the institution had a year earlier. One thing that I really appreciate about WaFd is the fact that it has a pretty diverse loan portfolio. Yes, it does have areas of concentration just like any other bank. For instance, $7.62...
Clavicular, the “looksmaxxing” influencer and streamer whose real name is Braden Eric Peters, has reached a resolution in the misdemeanour case filed after a video posted online apparently showed him repeatedly shooting an alligator while on an airboat in the US Everglades. On March 26 in the Everglades and Francis S. Taylor Wildlife Management Area, Peters was among a group of men on an airboat t...
Clavicular, the “looksmaxxing” influencer and streamer whose real name is Braden Eric Peters, has reached a resolution in the misdemeanour case filed after a video posted online apparently showed him repeatedly shooting an alligator while on an airboat in the US Everglades. On March 26 in the Everglades and Francis S. Taylor Wildlife Management Area, Peters was among a group of men on an airboat that had stopped near an alligator that did not appear to be moving, according to videos posted on...