The S-1 IPO registration statement for Elon Musk’s rocket company SpaceX arrived late Wednesday afternoon. Investors can download it here. SpaceX is going after what it describes as a $28.5 trillion addressable market “to build the systems and technologies necessary to make life multiplanetary, to understand the true nature of the universe, and to extend the light of consciousness to the stars.”
The S-1 IPO registration statement for Elon Musk’s rocket company SpaceX arrived late Wednesday afternoon. Investors can download it here. SpaceX is going after what it describes as a $28.5 trillion addressable market “to build the systems and technologies necessary to make life multiplanetary, to understand the true nature of the universe, and to extend the light of consciousness to the stars.”
Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are BNP Paribas’ Greg Boutle, UBS’ Michael Lasser, Airbnb CEO & Co-Founder Brian Chesky, Cava CEO & Co-Founder Bret Schulman, Research Affiliates CIO of Equities Que Nguyen, Redpoint Ventures Managing Director Erica Brescia, Wedbu...
Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are BNP Paribas’ Greg Boutle, UBS’ Michael Lasser, Airbnb CEO & Co-Founder Brian Chesky, Cava CEO & Co-Founder Bret Schulman, Research Affiliates CIO of Equities Que Nguyen, Redpoint Ventures Managing Director Erica Brescia, Wedbush Securities’ Matt Bryson, Gabelli Funds’ John Belton, University of Tennessee at Knoxville Professor Sara Hsu, Moody’s John Medina, Truist CIO & Chief Market Strategist Keith Lerner, Georgia Tech’s Animesh Garg, Rainmaker Securities’ Greg Martin, ERShares Chief Strategist Eva Ados (Source: Bloomberg)
SlavkoSereda/iStock via Getty Images Crude oil futures fell by the most in two weeks on Wednesday, as President Trump said the U.S. is nearing a deal with Iran, raising hopes for a deal to end the Middle East war and reopen the Strait of Hormuz. President Trump said the U.S. is in the "final stages" of negotiations with Iran, while adding that failure to reach a peace deal could mean a resumption ...
SlavkoSereda/iStock via Getty Images Crude oil futures fell by the most in two weeks on Wednesday, as President Trump said the U.S. is nearing a deal with Iran, raising hopes for a deal to end the Middle East war and reopen the Strait of Hormuz. President Trump said the U.S. is in the "final stages" of negotiations with Iran, while adding that failure to reach a peace deal could mean a resumption of military action. Iran warned of "crushing blows in places you do not expect" if the U.S. resumes military action, according to the state-owned Tasnim news agency. An analyst at Eurasia Group said the new peace proposal amounts to a 30-day ceasefire extension , during which reopening the Strait of Hormuz and nuclear issues would be discussed. "You've got to take all these pronouncements with a grain of salt these days, but the market was also quick to reward it and price in the hope of a resolution," Again Capital partner John Kilduff said in a note. Also reducing the risk premium from crude prices were reports that three commercial supertankers carrying a combined 6M barrels of Middle East crude oil have successfully exited Hormuz for refining hubs in China and South Korea , raising hopes for the resumption of energy flows from the strait. Some 10 ships crossed Hormuz in the past 24 hours and included small cargo ships and a chemical tanker crossing into the Persian Gulf, according to data from Kpler and satellite analysis from data analytics specialists SynMax. The tankers moving through the strait offered "a relief valve to the market we did not have before," Price Futures Group senior market analyst Phil Flynn said in a note. Hopes for an agreement led the market to overlook a bullish inventory report showing U.S. crude stocks dropped by more than expected last week, although distillate stocks unexpectedly rose for a second straight week. The U.S. Energy Information Administration reported commercial crude oil stocks excluding the Strategic Petroleum Reserve fell by...
Wall Street has spent the last six months questioning Mark Zuckerberg’s aggressive AI capital spending, with Meta Platforms (NASDAQ:META) raising its 2026 capex guidance to $125 to $145 billion after a Q1 in which revenue grew 33% year over year. While everyone debates whether Meta is overspending, a quieter filing from SpaceX just laid out ... The Real Winner of SpaceX’s IPO: Mark Zuckerberg
Wall Street has spent the last six months questioning Mark Zuckerberg’s aggressive AI capital spending, with Meta Platforms (NASDAQ:META) raising its 2026 capex guidance to $125 to $145 billion after a Q1 in which revenue grew 33% year over year. While everyone debates whether Meta is overspending, a quieter filing from SpaceX just laid out ... The Real Winner of SpaceX’s IPO: Mark Zuckerberg
On May 13, 2026, 49 Wealth Management, LLC disclosed a complete sale of its position in Invesco Exchange-Traded Self-Indexed Fund Trust - Invesco BulletShares 2027 Corporate Bond ETF (NASDAQ:BSCR) , an estimated $19.83 million trade based on quarterly average pricing. According to a U.S. Securities and Exchange Commission (SEC) filing dated May 13, 2026, 49 Wealth Management, LLC reported selling ...
On May 13, 2026, 49 Wealth Management, LLC disclosed a complete sale of its position in Invesco Exchange-Traded Self-Indexed Fund Trust - Invesco BulletShares 2027 Corporate Bond ETF (NASDAQ:BSCR) , an estimated $19.83 million trade based on quarterly average pricing. According to a U.S. Securities and Exchange Commission (SEC) filing dated May 13, 2026, 49 Wealth Management, LLC reported selling its entire stake of 1,005,908 shares in Invesco Exchange-Traded Self-Indexed Fund Trust - Invesco BulletShares 2027 Corporate Bond ETF . The estimated value of these transactions, based on the average closing price for the first quarter of 2026, was $19.83 million. The fund’s end-of-quarter position in BSCR is now zero, a decrease in value of $19.86 million including price changes. The Invesco BulletShares 2027 Corporate Bond ETF offers targeted exposure to investment-grade corporate bonds maturing in 2027, combining the benefits of bond laddering and ETF liquidity. The fund’s structure allows investors to plan for a specific maturity date while maintaining diversification and monthly rebalancing. With a competitive yield and transparent methodology, the ETF appeals to investors seeking income and defined-term corporate credit exposure. Continue reading
RBC BlueBay Asset Management added to long yen positions this week as the currency drifted back toward 160 per dollar, viewing the level as increasingly attractive amid possible intervention and expectations of a Bank of Japan rate hike in June. “We are confident that the BOJ will now hike in June and we continue to expect intervention should that level break,” said chief investment officer for fi...
RBC BlueBay Asset Management added to long yen positions this week as the currency drifted back toward 160 per dollar, viewing the level as increasingly attractive amid possible intervention and expectations of a Bank of Japan rate hike in June. “We are confident that the BOJ will now hike in June and we continue to expect intervention should that level break,” said chief investment officer for fixed income Mark Dowding . The firm, which manages $155 billion in fixed-income assets, added to long yen positions on Tuesday after initially entering the trade above 159 per dollar in April. Dowding said he would add positions further should the currency weaken beyond 162. However, the firm would likely exit entirely above 164, which would suggest “the BOJ and Prime Minister Sanae Takaichi are running policy that is too dovish, or that the Ministry of Finance’s FX intervention has been a failure.” Dowding’s view highlights how investors are increasingly viewing 160 yen to a dollar as a line in the sand for Japanese authorities after repeated rounds of intervention this year. While the government has declined to confirm the operations, people familiar with the matter said they started on April 30. Analysis of the Bank of Japan’s accounts suggests it continued into early May and likely totaled as much as ¥10 trillion ($63 billion). During this week’s Group-of-Seven meeting, Japan’s Finance Minister Satsuki Katayama indicated her resolve to intervene in the foreign-exchange market if needed. US Treasury Scott Bessent said he met with BOJ Governor Kazuo Ueda and that he is confident the governor will “successfully” guide Japan’s monetary policy. Overnight index swaps suggest traders are pricing an about 78% chance of a rate hike next month. Dowding cautioned that intervention alone is unlikely to reverse the yen’s broader decline. “For the yen to trade toward 150 or stronger, we need to see a closing in relative interest-rate differentials,” he said. “That requires the BOJ to ...
Healthcare tech stock Phreesia (PHR 3.49%) could have used a pick-me-up on Wednesday. In a trading session that ended in positive territory, with the bellwether S&P 500 index gaining more than 1%, Phreesia's equity lost 3.5% of its value. Much of this was directly due to an analyst's recommendation downgrade. Docked with a downgrade The responsible party was Stan Berenshteyn of "Big Four" U.S. ban...
Healthcare tech stock Phreesia (PHR 3.49%) could have used a pick-me-up on Wednesday. In a trading session that ended in positive territory, with the bellwether S&P 500 index gaining more than 1%, Phreesia's equity lost 3.5% of its value. Much of this was directly due to an analyst's recommendation downgrade. Docked with a downgrade The responsible party was Stan Berenshteyn of "Big Four" U.S. bank Wells Fargo. Early that morning, he changed his rating on Phreesia to equal weight (hold, in other words) from his preceding overweight (buy). Accompanying that was a significant price target modification, with Berenshteyn lowering his to $9 per share from $15. According to reports, the analyst made his move following channel checks on the healthcare tech company's offerings. He wrote that these indicated mounting competition, leading him to reduce his estimates for all-important subscription revenue. Berenshteyn added that his research indicated patient intake software is more replaceable -- and thus subject to competing solutions -- than workflow software. This, in his view, makes Phreesia vulnerable. Expand NYSE : PHR Phreesia Today's Change ( -3.49 %) $ -0.32 Current Price $ 8.85 Key Data Points Market Cap $566M Day's Range $ 8.42 - $ 8.95 52wk Range $ 7.77 - $ 32.76 Volume 1.9M Avg Vol 1.9M Gross Margin 61.27 % Is the stock now underrated? Another negative factor pointed out by the Wells Fargo prognosticator is the general profile of Phreesia's clients. He wrote that the company's strength is private practitioners, a segment being increasingly targeted by smaller developers, among other rivals. While Berenshteyn makes some solid points in his update, I personally wouldn't be ready to throw in the towel on Phreesia. Despite a recent cut to its annual revenue guidance that pushed the stock to historic lows, the company is becoming increasingly well-established in its business, and clients in the healthcare tech space often stick with the same vendor (thus avoiding disr...
The Water Economics Of Data Centers V. Almond Farms & Golf Courses A recent Gallup poll shows that nearly 70% of Americans oppose the construction of a data center in their communities, highlighting the rise of local resistance movements against hyperscaler buildouts. This resistance is driven by concerns over skyrocketing power bills, the destruction of farmland as it is transformed into industri...
The Water Economics Of Data Centers V. Almond Farms & Golf Courses A recent Gallup poll shows that nearly 70% of Americans oppose the construction of a data center in their communities, highlighting the rise of local resistance movements against hyperscaler buildouts. This resistance is driven by concerns over skyrocketing power bills, the destruction of farmland as it is transformed into industrial-scale AI infrastructure, and fears that data centers will drain local resources, particularly water. It's no surprise that data center resistance is only gaining steam and will likely accelerate from here, as tech bros on the All-In podcast recently sounded the alarm . This resistance is emerging not just as power bills explode and water scarcity fears mount, but also as corporate America unleashes the " white-collar purge ," with human labor swapped for GPUs. Meta was the latest to announce rising AI adoption alongside a new round of layoffs. Water has become a flashpoint in data center debates , as some of these facilities can use 5 million gallons of water every day, as much as 16,000-plus average U.S. households, according to Environmental Protection Agency estimates. There is also the extraordinary amount of power required to run the chip stacks, which consumes millions of additional gallons of water - more than the water used for cooling. Hyperscalers are set to deploy $700 billion in capex this year to build out data centers and key AI infrastructure products, suggesting that local resistance nationwide will only continue to build as tech bros search for alternative options ( low-Earth orbit and or residential backyards). Permitting denials and other issues may delay or block nearly half of data center projects this year. However, on the subject of water, critics of data centers often fail to point out - especially in California - that agriculture also consumes a tremendous amount of water. X user Smirkley compared the economics of a 5-gallon water-cooler jug, arg...
Married at First Sight UK brides tell BBC they were raped by on-screen husbands Channel 4 was aware of one of the rape claims before broadcast, but the woman involved still featured in the show.
Married at First Sight UK brides tell BBC they were raped by on-screen husbands Channel 4 was aware of one of the rape claims before broadcast, but the woman involved still featured in the show.
Jensen Huang is betting on a new AI lab that thinks the current chatbot frenzy is just the beginning. Nvidia (NVDA) has already emerged as one of the greatest winners of the artificial intelligence boom. Its chips now make up the backbone of most of the infrastructure powering modern AI, helping ...
Jensen Huang is betting on a new AI lab that thinks the current chatbot frenzy is just the beginning. Nvidia (NVDA) has already emerged as one of the greatest winners of the artificial intelligence boom. Its chips now make up the backbone of most of the infrastructure powering modern AI, helping ...
Sixteen months into his second presidency, Donald Trump may be as unpopular as he has ever been among the American electorate – but his grip on his core base of Maga voters remains unshaken. That power was on full display over the last two weeks, as Trump ousted a string of fellow Republicans he considered apostates for not showing him enough personal fealty. The president’s revenge tour continu...
Sixteen months into his second presidency, Donald Trump may be as unpopular as he has ever been among the American electorate – but his grip on his core base of Maga voters remains unshaken. That power was on full display over the last two weeks, as Trump ousted a string of fellow Republicans he considered apostates for not showing him enough personal fealty. The president’s revenge tour continued on Tuesday, when a hand-picked loyalist defeated US congressman Thomas Massie, a frequent critic, in a Kentucky nominating contest. Advertisement But Trump’s success in purging the party of dissenters could also hurt its chances of retaining control of Congress in November’s midterm elections, some Republican strategists said. Trump’s actions appear aimed at mobilising his most diehard supporters, rather than reaching out to independent or moderate Republican voters who are likely to play a determinative role in highly competitive races. US congressman Thomas Massie takes the stage with his wife, Carolyn Moffa, after losing the Republican Party’s nomination in Hebron, Kentucky, on Tuesday. Photo: AP And the Republican candidates in those contests may feel pressure to tether themselves even more closely to Trump to avoid becoming the latest targets of his ire – even though it may cost them voters outside the Make America Great Again base.