Today's Finance Pulse
SpaceX files for record‑size IPO, targeting $50B‑plus raise and $1T valuation
SpaceX confidentially filed for an IPO slated for June 2026, aiming to raise at least $50 billion and push its valuation above $1 trillion. Founder Elon Musk holds roughly 44 percent of the company, giving him a net worth of about $823 billion. The filing positions the rocket and satellite maker among the most valuable public companies ever.
Also developing:
By the numbers: Berkshire Hathaway invests $10B in Alphabet's private placement
Hong Kong Turns the Page on Paper Shares as Digital Shift Kicks Off in November
Hong Kong’s Securities and Futures Commission announced that the city’s stock market will go fully digital on November 16, eliminating paper share certificates. Around 2,600 listed companies will migrate to the new uncertificated securities regime over the next five years, while any IPO after the launch will issue only electronic shares. Existing holders may keep their paper certificates or convert them to digital records. The shift is intended to boost processing efficiency, enable straight‑through settlement and support greener market operations.
What Is Your Firm Worth?
Accounting firms are seeing valuation methods shift as private‑equity investors push EBITDA‑multiple pricing, with “good” multiples now 5‑7× and “outstanding” 9‑10×. The article outlines how factors such as organic growth, succession planning, industry specialization, and buyer competition influence those multiples....
Plan Tabled to Introduce New Life Cycle Costing Code of Practice for Buildings and Assets
A roundtable in London convened about 30 design, construction, facilities‑management and digital‑platform professionals to discuss the proposed British Standard BS 8544, a new life‑cycle costing code of practice for buildings and infrastructure. The draft updates the 2013 version, adding operation and...
T&G Global Hires Goldman Sachs to Work on Possible Sale
T&G Global Limited has hired Goldman Sachs to run a sales process as its majority shareholder, Germany's BayWa AG, looks to divest its stake. BayWa, which posted a €1.6 bn (≈$1.86 bn) loss in 2024, announced the intention in December and T&G...
Navigating The Ride-Sharing Industry With Erin Brewer, CFO Of Lyft
Erin Brewer joined Lyft as CFO in 2023 when the ride‑sharing firm was hemorrhaging cash after COVID‑related demand collapse. By tightening costs and refocusing the business, Lyft posted over $1 billion in revenue and generated positive free cash flow for the...
Brookfield, Eurazeo and Tikehau Bet on Energy Transition as Private Equity Markets Slide
Brookfield Asset Management, Eurazeo SE and Tikehau Capital are doubling down on energy‑transition investments, allowing them to weather a wave of markdowns that has hit much of the private‑credit and equity space. Their strategy hinges on assets tied to energy...
Transforming Cloud FinOps with Autonomous and Agentic Intelligence
Generative AI and Agentic AI are reshaping cloud financial operations by moving FinOps from reactive monitoring to autonomous, predictive management. AI‑enabled platforms now continuously analyze usage, auto‑tag resources, adjust sizing, and generate cost reports with minimal human input. Predictive budgeting...
NTT Data to Inject Assets Into Singapore REIT, Deploy $3.5 Bn for AI‑Driven Real‑Estate Services
NTT Data CEO Abhijit Dubey said the firm will inject additional global data‑centre assets into its Singapore‑listed NTT DC REIT, using roughly $3.5 bn of capital to accelerate AI‑enabled real‑estate services across Asia. The move aims to recycle stable assets and...
Investment Banks Keep Deal Flow Alive as Iran Conflict Fuels Energy Shock
Bloomberg says major investment banks continued to execute mergers, acquisitions and capital‑raising transactions despite the Iran‑Israel war driving oil above $100 a barrel and cutting Qatar LNG output by 17%. The resilience underscores the sector’s strategic role as markets grapple...
Franklin Templeton Warns Diversification May Be an Illusion, Challenges CFO Risk Models
Franklin Templeton, managing roughly $1.5 trillion, warned that the apparent diversification of S&P 500 index funds is a myth, citing that the ten largest stocks now own about 40% of the index. The firm’s chief investment officer of Fixed Income, Sonal Desai,...
UnitedHealth Plunge Erases $267 Million of Buffett’s $1.57 Bn Stake
Berkshire Hathaway’s newly disclosed 5.04 million‑share position in UnitedHealth Group, valued at $1.57 billion in August 2025, has been hit by a 17% slide in the insurer’s stock, creating an unrealized loss of roughly $267 million. The loss highlights the pressure on UnitedHealth’s...
RBI's $100 Million Forex Cap Sends Rupee to 95/$ Low, Triggers 130‑Paise Rally
The Reserve Bank of India imposed a $100 million cap on banks' net open foreign‑exchange positions, pushing the rupee to an all‑time low of 95 per dollar. The sudden clamp‑down sparked a sharp 130‑paise rally as banks scrambled to unwind $40 billion...
Risk Intelligence
Artificial intelligence is reshaping risk management by delivering predictive analytics, real‑time monitoring, and automated mitigation. AI algorithms now parse historical and live data to flag emerging threats, while automated response systems reduce reaction times and human error. The technology also...
Danger-Time at Nexstar/TEGNA, Paramount-Skydance-WBD, and Live Nation
The Nexstar‑Tegna merger, Live Nation’s DOJ settlement, and the Paramount‑Skydance‑Warner Bros. Discovery deal are all legally active but face ongoing state and congressional challenges. Executives are forced to integrate assets and allocate capital while the ultimate regulatory outcome remains uncertain....
KKR Secures Record $129 B Fund to Bet on AI Infrastructure
KKR announced the closing of a $129 billion 2025 fund, the biggest private‑equity raise on record, aimed at acquiring and expanding AI‑infrastructure assets such as data centers and cloud platforms. The fund will back deals like the Arctos acquisition and a...
LA Wildfires a Real-World Stress Test. Investor Confidence in Wildfire Cat Bonds Rose: Swiss Re
The January 2025 Palisades and Eaton wildfires in Los Angeles served as a real‑world stress test for U.S. wildfire catastrophe bonds. Swiss Re Capital Markets reported that, despite no per‑occurrence payouts, the events reinforced investor confidence and spurred record‑size issuance, including the...
Buy a $2M Business With Zero Down by Understanding Sellers
Nobody teaches you this in school: You can buy a $2M business with $0 down if you understand how sellers think.
Compliance Without Validation Is a False Sense of Security
Compliance teams can pass audits and keep perfect documentation yet remain vulnerable to third‑party breaches. The article argues that without real‑world validation, controls are merely theoretical and provide a false sense of security. It highlights that 68% of organizations experience...
XBP Global Holdings, Inc. Reports Fourth Quarter and Full Year 2025 Financial Results
XBP Global reported FY 2025 revenue of $791 million, a 9.4% decline, while GAAP net income surged to $1.1 billion after a $215 million loss the prior year. Pro forma Adjusted EBITDA fell 13.1% to $90.7 million, reflecting integration costs from the July 2025 BPA acquisition....
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Cost-Benefit Analysis Explained: Usage, Advantages, and Drawbacks
Cost‑benefit analysis (CBA) is a systematic method that quantifies both tangible and intangible costs and benefits to assess a project’s feasibility. It follows a five‑step workflow—defining scope, estimating costs, estimating benefits, performing calculations, and issuing recommendations—often using tools like net...
Starcloud Raises $170M Series A at $1.1B Valuation
Starcloud, a Redmond‑based orbital data‑center startup, closed a $170 million Series A round that values the company at $1.1 billion. The financing, led by Benchmark and EQT Ventures with participation from institutional and angel investors, follows the successful November launch of Starcloud‑1, which...
How AI Is Changing Professional Judgement
AI is reshaping tax advisory in the UK and North America, moving from keyword‑based Boolean searches to generative, context‑aware analysis. Platforms like Blue J combine massive tax corpora with large language models, allowing practitioners to upload client documents and receive cited,...
Recent Restaurant Deals Show Where the Industry Is Headed
This week’s restaurant finance briefing highlights recent equity deals for Nothing Bundt Cakes and Dave’s Hot Chicken, signaling a growing investor appetite for niche bakery and fast‑casual concepts. The coverage also notes that rising fuel costs are squeezing full‑service operators,...
Sysco to Acquire Restaurant Depot for $29.1B
Sysco announced a $29.1 billion cash‑and‑stock acquisition of Jetro Restaurant Depot, adding 166 cash‑and‑carry warehouses and access to roughly 725,000 independent restaurants. The deal values Restaurant Depot at a 14.6‑times EBITDA multiple, with shareholders receiving $21.6 billion in cash and 91.5 million Sysco...
Standard Lithium Reports Fourth Quarter and Full Year 2025 Results
Standard Lithium announced a series of Q4 2025 milestones, including a Definitive Feasibility Study for the SWA Project that targets 22,500 tonnes of lithium carbonate per year and the filing of an inferred resource for the Franklin Project, which boasts the highest...
ISDA Paper on EC’s Market Integration and Supervision Package Proposal
On March 20, ISDA delivered a position paper to EU lawmakers outlining reforms to the European Commission’s Market Integration and Supervision Package (MISP). The paper calls for synchronized Level 1 and Level 2 implementation dates, stronger no‑action relief, a secondary competitiveness mandate...
The Five Controls Driving Good Outcomes in Collections
In 2026 collections teams face higher complaint volumes and tighter regulatory scrutiny, making auditability as critical as repayment rates. The industry shift is from adding more tools to building disciplined controls that ensure consistent, explainable actions across channels. Five essentials...
Reverse Thinking Reveals Hidden Risks in FICO
"The mental habit of thinking backwards forces objectivity." – Charlie Munger. Many investors look at $FICO and see a perfect toll-bridge. But to truly understand it, you have to try to disprove the thesis. That's what I did. I just published Part...
2025 Equity Plan Proposals: Continued Robust Shareholder Support
In 2025, roughly one‑quarter of Russell 3000 companies submitted equity‑plan proposals, mirroring 2023‑2024 activity. Shareholder backing stayed strong, averaging 88% approval, with fewer than half a percent of proposals failing. Proxy‑advisor opposition, especially from ISS, reduced support by about 16 percentage...
Tudor Investment Corp ET AL Purchases 6,423 Shares of iShares Core U.S. Aggregate Bond ETF $AGG
Tudor Investment Corp boosted its stake in the iShares Core U.S. Aggregate Bond ETF (AGG) by 83.2% in the third quarter, adding 6,423 shares for a total of 14,142 shares worth roughly $1.42 million. The move follows a wave of new...
Kosmetikhersteller: Kneipp Hat Neuen Finanzchef
Kneipp, the German bath‑additive and natural cosmetics maker, announced that Maximilian von Kempis will assume the role of Chief Financial Officer on April 1. The CFO position had been vacant since the start of 2026, leaving the finance function without a...
Oaktree Credit Fund Meets Full 8.5% Redemption Requests
Oaktree Capital Management fulfilled 100% of redemption requests in its Oaktree Strategic Credit Fund (OSC) for Q1, covering 8.5% of shares. The fund repurchased roughly 6.8% of outstanding shares, while parent Brookfield Asset Management absorbed an additional 1.7%. This contrasts...
When Efficiency Becomes Fragility
Stuart J. Green warns that relentless efficiency can make compliance governance fragile in today’s discontinuous regulatory landscape. He argues that tightly calibrated controls, while cost‑effective in stable times, lack the capacity to adapt when sanctions, enforcement interpretations, or technology‑driven risks...
Kong Names Bruce Felt as Chief Financial Officer
Kong, a developer of API and AI connectivity technologies, announced Bruce Felt as its new chief financial officer. Felt brings extensive finance leadership, having guided FullTime Software, SuccessFactors and Domo through IPOs and global expansions. He also serves on the...
CFOs Must Plan Their Exit Before M&A Closes
Congrats, a sale is imminent. While it ain't real until the check clears, as Mozart used to say, let's talk about what happens to you personally when the deal goes through. In 8 out of 10 acquisitions, the CFO gets...
Midas Closes $50M Series A to Scale On-Chain Investment Products
On-chain investment platform Midas announced a $50 million Series A round, bringing its total funding to $58.75 million. The round was led by RRE Ventures and Creandum, with participation from major crypto investors including Coinbase Ventures and Franklin Templeton. Midas’ technology tokenizes institutional‑grade...
War Turns Bonds Into Biggest Losers, 14% Loss
From Waterloo to the Iran conflict, the pattern hasn't changed. When governments go to war, bondholders pay. New research from Northwestern, Stanford, Columbia and UT Austin: 300 years of data, 14% average real losses in the first four years of war....
Navigating Credit Stress: Dislocations, Liquidity, and Private Risk
Credit markets are shaped by dislocations, liquidity, and risk. Kieran Goodwin of Saba Capital speaks to three decades in credit, risks in private credit, and positioning for stress. https://t.co/oiutNgtCW9 With thanks to @AlphaSenseInc, @MorningstarInc, and Ridgeline.
IRS Tightens Enforcement of 10‑Year Rule for Inherited IRAs
The Internal Revenue Service has begun strict enforcement of the 10‑year withdrawal rule for inherited IRAs, requiring most non‑spouse beneficiaries to fully distribute the account within ten years of the original owner's death. The move compels millions of Americans to...
Managing Risk While Riding Market Trends, Jeff Weiss Explains
"I could take a cut, but not an amputation" - LMAO we've got legend Jeff Weiss today LIVE on The Morning Show @StockMktTV talking about Managing Risk and how to do it while following trends https://t.co/WYoTXFtpUW https://t.co/tZIDgdDpq7
Insiders Acquire Firm at 18% Premium in Privatization
Privatization with a wide ~18% spread. Insiders with majority control are buying out the company’s operations at a price slightly above its cash value. https://t.co/Pesdx9I3wK
PE‑Backed Vibrantz Forces Lenders to Sign NDAs in Side‑Deal Restructuring
Vibrantz Technologies, a paint‑additives maker owned by a private‑equity firm, required its smaller creditors to sign nondisclosure agreements as a condition for participating in a side‑deal restructuring. The tactic, highlighted by Bloomberg, underscores a shift toward more aggressive creditor‑control measures...
T‑Strive Digital Credit ETF Filing Announced by Tuttle & Strive
New filing for T-Strive Digital Credit ETF which will hold the preferred securities of DATs. T-Strive is new issuer too, joint production by Tuttle and Strive. https://t.co/xxbAAOmVEH
Credit Kids Pivot to Massive Cleanup Trade
Great read from @ameliajpollard and @EricGPlatt Opportunistic credit, distress, special sits and that flavor all sat at the credit kids table after direct lending took off in the mid 2010s Zirp era. Now, they see a massive trade to clean...
Telecom Italia Ends Inwit Tower Deal, Halting 2038 Extension
Telecom Italia announced it will not renew its mobile‑tower lease with Inwit, letting the agreement lapse in August 2030 and abandoning a planned extension to 2038. The board’s decision sparked a 3.1% drop in Inwit shares and signals a broader...
Market Prices Known Risks, Misses Hidden Threats
Widely discussed risks are often priced in. The real threats tend to be overlooked. #RiskManagement #MarketInsight https://t.co/PWgmCJwWDp
Citi Sticks to 7,700 S&P 500 Year‑end Target Despite Iran Tensions and Oil Surge
Citigroup reaffirmed its base‑case 7,700 year‑end target for the S&P 500, even as Iran‑related geopolitical risk and Brent crude above $111 a barrel fuel market volatility. The bank’s outlook hinges on earnings resilience and a bullish earnings‑growth narrative despite a 20%...
Congress Targets Tax Relief for Rare Earths as China Tightens Export Controls
U.S. lawmakers have introduced the Critical Minerals Investment Tax Modernization Act, which would lift the depletion allowance for domestically mined rare earth elements and scandium from 14% to 22%. The move is a direct response to Beijing’s April 2025 export...
HICL Boosts UK Rail Exposure with $66 Million Stake Increase in Cross London Trains
HICL Infrastructure PLC agreed to purchase an additional 6.65% stake in Cross London Trains for about £52 million ($66 million), taking its total holding to 13.13% and adding more than 1 pence to net asset value per share. The deal, funded by recent...
Investment Banks Keep Deal‑Making Momentum Amid Iran‑Israel Conflict
Major U.S. investment banks are closing the first quarter with robust merger, acquisition and fundraising activity despite the escalating Iran‑Israel conflict. Bloomberg reports that deal flow remains on track for a strong finish, underscoring the durability of capital‑markets even as...