Today's Finance Pulse
SpaceX’s record‑breaking IPO targets $75 billion raise, pushes valuation past $1.7 trillion
SpaceX filed for an IPO that could raise at least $50 billion and value the company above $1 trillion. The June 12 offering priced shares at $135, raising $75 billion and valuing the rocket maker at roughly $1.77 trillion. Analysts say the float highlights strong investor appetite for AI‑linked aerospace assets.
Also developing:
GenieRx Secures Court Approval to Acquire Omnicare, Expanding Senior Care Pharmacy Footprint
GenieRx Holdings received court approval on May 15, 2026, to acquire Omnicare, a leading provider of pharmacy services for long‑term care facilities. The deal, completed through a court‑supervised sale, keeps Omnicare’s brand and leadership intact while adding GenieRx to a rapidly consolidating specialty pharmacy market.
PwC Expands Anthropic Alliance, Deploys Claude AI to Overhaul Finance and Enterprise Functions
PwC announced an expanded strategic alliance with Anthropic, rolling out Claude, Claude Cowork and Claude Code across its global consulting practice. The partnership aims to cut finance‑process times, accelerate deal execution and redesign enterprise functions for clients, with early pilots showing up...
RBC Posts 18% Q4 2026 Revenue Rise, CFO Sullivan Flags Cost Discipline
Royal Bank of Canada (RBC) announced Q4 2026 revenue of $518 million, an 18.3% year‑over‑year increase, while adjusted EBITDA rose 21% to $168.9 million. CFO Robert Sullivan highlighted disciplined SG&A spending and a 73.6% free‑cash‑flow conversion as the bank positions for a 14.7‑17%...
China’s State AI Fund Leads Up to $4 B Financing for DeepSeek, Valuing Lab at $50 B
DeepSeek, the Hangzhou AI lab founded by billionaire Liang Wenfeng, is close to closing a financing round led by China’s National Artificial Intelligence Industry Investment Fund that could raise as much as $4 billion and value the company at $50 billion. The...
CFOs Must Track and Budget AI Token Spend Now
Budgeting for AI: The Free Ride Is Ending I recently held a tech CFO meetup. A major topic was the rapid growth of AI usage and token spend. Some of the larger orgs are seeing material internal token spend. Others...
GIP‑EQT Consortium Offers $15 Bn Cash Deal to Acquire AES, Premium Over 35%
GIP and EQT have announced a cash offer of $15 per AES share, valuing the U.S. power producer at roughly $15 bn. The deal, backed by $10.69 bn of equity and debt commitments, requires shareholder approval and regulatory clearances before the company...
PAVmed Completes Two‑Year Restructuring, Leaves Only Common Stock and Positions for Growth
PAVmed announced the completion of its two‑year restructuring, eliminating all legacy preferred securities and debt and leaving a pure common‑stock capital structure. The effort raised $30 million in Series D preferred stock and $15 million in senior secured notes, which were used to...
ARS Pharma Posts $84.3M Revenue, CFO Scott Outlines Growth‑cost Balance
ARS Pharma (SPRY) posted $84.3 million in total revenue for 2025, driven by $72.2 million in U.S. net product sales of neffy. CFO Kathleen Scott said the company will keep SG&A expense flat in 2026 while expanding the sales force and sustaining...
Uno Minda Plans ₹2,500 Crore Fundraise Through FCCBs and Other Securities
Uno Minda announced a plan to raise up to ₹2,500 crore (≈ $300 million) through foreign‑currency convertible bonds, other debt instruments and a possible qualified institutional placement. The capital will fund its growth agenda, including a ₹550 crore (≈ $66 million) high‑voltage EV power‑train project and...
Citius Oncology Posts $5.6M LYMPHIR Revenue, Secures $41.5M Financing
Citius Oncology reported $5.6 million net revenue from the LYMPHIR launch in the first half of fiscal 2026 and closed a $5 million equity offering plus up to $36.5 million in debt and equity financing. The company says the capital will fund a...
JDN Adopts Oracle NetSuite to Accelerate Philippine Property Portfolio Growth
JDN, a 60‑year‑old Philippine developer, has migrated its finance, procurement and property‑operations systems to Oracle NetSuite. The move slashed financial‑reporting turnaround from four days to one‑two hours and underpins a 300% increase in its tenant base, highlighting cloud ERP as...
Faraday Future Raised $25 Million for Its Robotics Pivot. The Fine Print Tells a Different Story.
Faraday Future announced a $25 million convertible‑note raise, bringing total recent financing to $70 million to fund its shift from electric vehicles to an “Embodied AI” robotics business. Only $12.5 million is deposited in the company’s operating account; the remaining half sits in...
IDBI Bank to Raise up to ₹10,000 Crore via Long-Term Rupee Bonds in FY27
IDBI Bank’s board approved a private‑placement of up to ₹10,000 crore (≈ $1.2 bn) in long‑term rupee bonds to be issued by March 2027. The move follows a 16% YoY rise in net advances to ₹2.54 trn (≈ $30.5 bn) and a 12% YoY increase in deposits...
NASDAQ100 Hedge Fails as Growth Correlations Decouple
Strategy change - portfolio management & hedging For years, we successfully hedged our concentrated growth portfolio by shorting NASDAQ100 futures. It was simple, liquid and highly effective - a reliable offset during stock market downtrends when correlations between our holdings and...
Brookfield to Merge BN with Wealth Solutions, Tapping $145 Bn of Permanent Capital
Brookfield announced a pending merger of its BN corporate entity with Brookfield Wealth Solutions, giving the wealth arm access to roughly $145 bn of incremental permanent capital. The move follows a $67 bn year‑to‑date fundraising haul, a $21 bn quarter, and the recent...
Patient Square Capital to Buy Premier for $2.6 Billion, Taking Provider Private
Patient Square Capital signed a definitive agreement to purchase Premier Inc. for $2.6 billion, offering $28.25 per share—a 24% premium to the recent average price. The deal, slated to close in Q1 2026, will move Premier from the public markets to private...
UAMY Posts $11.3M Net Loss in Q1 2026 as Zeolite Shipments Surge
United States Antimony Corp (UAMY) released its Q1 2026 earnings, showing revenue of $6.8 million, a net loss of $11.3 million and record zeolite shipments. The company raised $48.6 million through an equity issuance and secured a $12.8 million federal grant, underscoring a shift...
Wedbush Lifts Oracle Price Target to $275 on $553B Backlog Surge
Wedbush analyst Dan Ives raised his price target for Oracle to $275 from $225, reaffirming an outperform rating. The upgrade rests on a $553 billion performance‑obligation backlog and an 84% year‑over‑year jump in cloud infrastructure revenue, positioning Oracle as a core...
Datavault AI Reaffirms $200M Revenue Target, Boosts Funding and Expansion Plans
Datavault AI (DVLT) reaffirmed its full‑year 2026 revenue target of $200 million during its Q1 earnings call, while announcing a $60 million private placement, a $120 million non‑dilutive financing term sheet, and $800 million in tokenization contracts. The company also detailed a rollout of...
Hana Financial Plugs $670 Million Into Upbit Operator Dunamu, Securing 6.55% Stake
Hana Financial Group announced a $670 million equity purchase of a 6.55% stake in Dunamu, the firm behind South Korea’s leading crypto exchange Upbit. The deal makes Hana the fourth‑largest shareholder and signals a strategic push to blend traditional banking with...
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Private Investment in Public Equity (PIPE): A Quick Capital Guide
Private Investment in Public Equity (PIPE) lets public companies sell shares directly to accredited investors at a discount, securing funding in two to three weeks instead of months. The method bypasses extensive SEC registration, but the typical 5% discount dilutes...
Lenders Slash Distressed CRE Loans, Selling at Up to 85% Discount
Goldman Sachs, Deutsche Bank, and a wave of regional lenders are finally cutting losses on distressed commercial real‑estate loans, selling assets at discounts up to 85% and triggering the largest foreclosure surge since the 2008 crisis. The move reflects a...
Telefónica Posts 0.8% Revenue Rise and Record Brazil Growth in Q1 2026
Telefónica’s Q1 2026 earnings call highlighted a modest 0.8% rise in revenue to €8.1 bn, a 1.8% jump in adjusted EBITDA to €2.8 bn, and record subscriber gains in Brazil. Management reaffirmed its full‑year guidance, dividend payout and aggressive capex discipline.
Sony Posts Record FY2025 Sales, Forecasts Strong FY2026 Amid AI‑Driven Entertainment Push
Sony announced record fiscal 2025 sales of ¥12.48 trillion and a 13% rise in operating profit during its Q4 earnings call, while projecting fiscal 2026 revenue of ¥12.3 trillion. The outlook leans on PlayStation growth, expanding anime subscriptions and an AI‑focused creative‑entertainment...
OpenAI Rolls Out Real‑time Bank‑account Integration in ChatGPT for Pro Users
OpenAI has launched a preview of personal‑finance tools for ChatGPT Pro subscribers in the United States, letting users securely connect to more than 12,000 financial institutions through Plaid. The feature delivers a live dashboard of spending, subscriptions and portfolio performance,...
Anthropic Nears $900 B Valuation in $30 B Funding Round, Overtaking OpenAI
Anthropic is reportedly negotiating a $30 billion financing round that would value the company at roughly $900 billion, overtaking OpenAI’s $852 billion mark. The rapid surge reflects explosive enterprise demand for its Claude models and signals a new scale‑up phase for frontier AI...
Bond Market Prices in Possible RBI Rate Hikes After Fuel Price Increase
India’s bond market began pricing in possible RBI rate hikes after state‑run oil firms lifted petrol and diesel prices by about ₹3 per litre (≈$0.04). The benchmark 10‑year government bond yield rose 4 basis points to 7.06%, extending a 10‑basis‑point...
UK Regulator Clears $3.7 B Getty‑Shutterstock Deal, Demands Editorial Divestiture
Britain's Competition and Markets Authority gave conditional clearance to Getty Images' $3.7 billion takeover of Shutterstock, on the condition that Shutterstock sells its global editorial business. The decision follows a CMA probe that began in November and lifts a major regulatory...
Spectral Capital Posts Record $328.5M Q1 Revenue, Boosts 2026 Outlook to $700M
Spectral Capital Corp. announced a record $328.5 million first‑quarter revenue and lifted its 2026 revenue target to $700 million. The Seattle‑based deep‑tech investor also disclosed a pending acquisition of Italy’s Intermatica S.p.A., underscoring its strategy to pair telecom operators with AI, digital‑infrastructure...
Verizon Raises $4 B with First U.S. Hybrid Bond Offering
Verizon Communications launched a $4 billion inaugural U.S. hybrid bond offering, issuing $2 billion of 6.05% notes due 2058 and $2 billion of 6.2% notes due 2056. The deal was priced on May 11, 2026, closed three days later, and was underwritten by Goldman...
Deepak Ahuja Joins Redwood Materials as CFO, Boosting EV Battery Recycling Leadership
Redwood Materials has appointed former Tesla finance chief Deepak Ahuja as its new CFO. Ahuja, who previously led finance at Tesla, Verily and Zipline, will steer the fast‑growing battery‑recycling firm through its next phase of scaling. The hire underscores the...
EU Moves to Make FRTB Capital Rules Permanent, Targeting US Parity
The European Commission announced it will turn temporary tweaks to the Fundamental Review of the Trading Book (FRTB) into permanent capital rules for banks' trading books. The move, slated for later this year, seeks to level the regulatory playing field...
OneStream and Microsoft Deepen AI Partnership to Empower CFOs
OneStream and Microsoft have expanded their strategic partnership, pledging a multi‑year investment to scale AI infrastructure for the Office of the CFO. The collaboration will deepen integration of OneStream's SensibleAI tools into Microsoft 365, aiming to accelerate forecasting, anomaly detection...
Iron Dome Acquisition I Prices $150 M IPO at $10 per Share, Targeting B2B Defense Buyers
Iron Dome Acquisition I Corp. announced a $150 million IPO of 15 million units at $10 each, with proceeds earmarked for a search for a business‑combination target in the B2B defense market. The offering includes Class A shares and redeemable warrants and will...
After Claude Design Launched, Figma Raised Its Full-Year Outlook
Anthropic’s Claude Design debuted in April, promising a prompt‑to‑interface workflow that many feared could make Figma obsolete. However, Figma’s Q1 2026 earnings beat expectations and the company lifted its full‑year revenue outlook. The results showed that enterprise teams are not...
Asset Tokenization: Why JPMorgan’s Move to Ethereum Is a Death Sentence for Traditional Clearing Systems
JPMorgan has begun issuing tokenized versions of real‑world assets on the public Ethereum network, positioning the bank at the forefront of blockchain‑based finance. The initiative targets a market of roughly $867 trillion in securities and derivatives that currently rely on legacy...
Morningstar DBRS Confirms Credit Ratings on UK Logistics 2024-1 DAC
Morningstar DBRS confirmed the credit ratings for the UK Logistics 2024‑1 DAC securitisation, keeping Class A at AAA, Class B at AA, Class C at A, Class D at BBB and Class E at BB, with stable trends. The transaction...
Cerebras IPO Raises $5.55 Bn, Shares Nearly Double as Analysts Scrutinize Valuation
Cerebras Systems closed its U.S. IPO at $185 per share, raising $5.55 bn and becoming 20‑times oversubscribed. The stock surged nearly 100% from the IPO price, prompting a split among analysts over whether the valuation is justified amid soaring AI‑chip demand.
Siemens to Buy MERMEC Core Rail Tech Assets for €1.2 Bn, Boosting Digital Rail Portfolio
Siemens Mobility announced an agreement to acquire the core rail‑technology businesses of Italy’s MERMEC for an estimated €1.2 bn ($1.40 bn). The deal promises mid‑term revenue synergies of more than €400 m ($466 m) a year and gives Siemens a stronger foothold in Italy’s...
METiS TechBio IPO Raises $270 M, Debuts as First Public AI‑Powered Drug Delivery Firm
METiS TechBio listed on the Hong Kong Stock Exchange, raising HK$2.11 billion ($269.5 million) and becoming the world’s first publicly listed AI‑powered drug‑delivery company. The offering was oversubscribed more than 6,900 times, propelling the stock 173% higher on debut and drawing a...
B&G Foods Q1 2026 Earnings Reveal $36.3M Loss From Green Giant Frozen Sale
B&G Foods posted a $32.5 million GAAP loss for Q1 2026, largely due to a $36.3 million loss on the divestiture of its Green Giant U.S. frozen business. The company raised its fiscal‑year sales guidance, cut its quarterly dividend by half and...
GameStop CEO Ryan Cohen Calls eBay 'Run by a Bunch of Losers' After $55.5B Bid Rejection
GameStop chief Ryan Cohen blasted eBay as "run by a bunch of losers" after the online marketplace turned down his unsolicited $55.5 billion acquisition proposal. Cohen vowed to keep pressure on eBay’s board and hinted at a possible shareholder‑driven push for...
YETI Raises FY26 Outlook, Adds $500M to Buyback, Stock Jumps 9.6% Pre‑Market
YETI Holdings announced an upgraded FY26 earnings range of $2.83‑$2.89 per share, a 7‑8% sales‑growth outlook and a $500 million increase to its share‑repurchase program. The news sent the stock up 9.6% in early trading, underscoring strong investor confidence in the...
Exyn Technologies Raises $19.4 Million in IPO, Pricing at $7.75 per Share
Exyn Technologies announced the pricing of its initial public offering on May 15, selling 2.5 million units at $7.75 each for gross proceeds of about $19.4 million. The capital will back growth initiatives for its autonomous robotics solutions aimed at enterprise customers,...
On the Heels of Fresh Funding, Oishii Has ‘Crossed the Chasm’ of Unit Economics in Vertical Farming
Oishii announced the first close of a $150 million Series C round, bringing its total capital to $370 million. The company attributes the funding to its disciplined focus on proving unit economics rather than chasing rapid revenue growth. By concentrating on premium strawberries...
Financial Flexibility and Firm Performance: Evidence From an Emerging Market
A new study of 25 non‑financial BIST30 firms in Turkey, covering 2010Q1‑2025Q2, shows that return on assets (ROA) positively influences financial flexibility while leverage and firm size have strong negative effects. Net profit margin proved statistically insignificant. The research employs...
Watch Our Earnings Recap: Analyzing Expectations for Cisco, Cerebras, Applied Materials, Petrobras, Brookfield, and More
The latest Earnings Watch Party used a reverse discounted cash flow (DCF) model to surface the cash‑flow expectations baked into the share prices of Cisco, Cerebras, Applied Materials, Petrobras, Brookfield and others. By comparing those expectations with reported earnings, the...
Paycom's Optimistic Outlook Masks $675M Debt‑driven Buyback
Every quarter, the same opening lines from Paycom's CEO: "Sales are ramping." "We serve 5% of TAM." "Bookings inflection coming later in the year." In Q1, Paycom took on $675M of debt to retire 15% of its shares. What it means ($): https://steadycompounding.com/investing/paycom-q1-2026/
Silver Lake‑Led Group Buys 25% of Las Vegas Raiders in $8 B Deal
A consortium headed by Silver Lake executive Egon Durban is buying a 25% stake in the Las Vegas Raiders for a price believed to be under $8 billion. The transaction values the NFL franchise at $9.9 billion, marking one of the largest...
DBS Issues SGD250m Loan Tied to Antibiotic Targets
IHH Healthcare has secured a SGD 250 million ($195 million) sustainability‑linked loan from DBS Bank. The facility ties the loan’s pricing to the achievement of responsible antibiotic‑use targets across IHH’s Singapore hospitals. Specific metrics require measurable reductions in inappropriate prescriptions and improved stewardship...