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
Aon Adds US SCS to Its Automated Event Response Service
Aon has broadened its Automated Event Response (AER) platform to cover U.S. severe convective storms (SCS), adding daily loss modeling and real‑time analytics. The move follows 2025 data showing SCS generated $52 billion in U.S. insured losses, the highest‑cost peril of the century. AER now integrates the latest SCS catastrophe model with meteorological feeds, delivering insurers, reinsurers and ILS investors decision‑ready loss estimates. The service aims to speed underwriting, capital allocation and claims handling during active storm events.
From CFO to Founder: Christina Ross on Building Cube and the Future of FP&A
Cube, a fintech startup founded by former CFO Christina Ross, is redefining financial planning and analysis by layering automation onto existing spreadsheet workflows. The platform integrates with ERP, CRM and cloud data sources to provide real‑time visibility without requiring a...
Browns Boost Stadium Investment Amid Public Funding Uncertainty
Ohio’s Cleveland Browns have reshaped financing for their new domed stadium, committing at least $1.755 billion of private capital, which now represents roughly 67.5% of the $2.6 billion project. The state of Ohio is slated to contribute $600 million and the city of...
With ITA Airways Profit Alitalia’s Ghost Is Put to Rest
ITA Airways announced its first net profit for 2025, posting €209 million (≈$230 million) after a €436 million swing from the prior year. The carrier achieved the result while operating 11% fewer flights and carrying 8% fewer passengers, lifting its load factor to...
Meta Ups Texas AI Data Center Investment From $1.5B to $10B
Meta has raised its El Paso AI data center budget from $1.5 billion to over $10 billion, targeting a one‑gigawatt power capacity and a 2028 launch. The expansion will boost permanent staff from roughly 100 to more than 300 and increase construction workers...
Fonq, Dutch Home Decor Webshop, Declared Bankrupt
Dutch online home‑decor retailer Fonq, founded in 2003, announced bankruptcy after years of decline. The company once posted €66 million (≈ $71 million) in revenue in 2015 and was bought in 2016 by Ad Scheepbouwer, who hoped to expand sales to €200 million (≈ $214 million)....
Zelestra Secures $600 Million Green Credit Facility for 440 MW Texas Solar Portfolio
Zelestra obtained a $600 million green credit facility led by Societe Generale and HSBC to develop two 440 MW solar projects in Texas. The financing is underpinned by long‑term power purchase agreements with Meta, giving the projects stable cash flows and underscoring the...
Millennium Management Pulls $3.6 Bn From Engineers Gate, Ends Three‑Year Partnership
Millennium Management is reclaiming capital from Engineers Gate, ending a three‑year partnership. The two firms disagreed on liquidity terms, with Millennium valuing the allocation at $3.6 bn and Engineers Gate at $1.5 bn. The split will be completed by month‑end, reshaping Millennium’s...
IShares IGV Plunges 25% YTD as Software Stocks Falter
The iShares Expanded Tech-Software Sector ETF (IGV) is down almost 25% year‑to‑date, reflecting a broad sell‑off in enterprise software stocks. Salesforce, the ETF’s largest holding, has launched a $50 billion share‑repurchase program and spent $20 billion of newly raised debt to buy...
ECB Vice President De Guindos Warns Middle East War Could Spark Systemic Stress in Euro Markets
ECB Vice President Luis de Guindos warned that the ongoing Middle East war could trigger systemic stress across financial markets, jeopardising investor sentiment in Europe. He cautioned that while spillovers to the euro‑area have so far been contained, the conflict...
Advent to Sell Hair Care Brand Olaplex to Henkel for $1.4bn
Advent International is selling its hair‑care brand Olaplex to German conglomerate Henkel for $1.4 billion, ending Olaplex’s Nasdaq listing and Advent’s ownership. The deal values Olaplex at roughly $1.4 billion, reflecting its strong consumer base and premium pricing. Henkel will integrate Olaplex’s...
Unity Beats Q1 Guidance, Plans to Exit Non‑Strategic Ad Units
Unity reported preliminary Q1 2026 revenue of $505‑$508 million and adjusted EBITDA of $130‑$135 million, both above its own guidance. The company also announced it will sunset the ironSource ads network and pursue a divestiture of its Supersonic publishing arm, signaling a...
CFOs On the Move: Week Ending March 27
A wave of CFO appointments swept multiple industries this week, with Kieran Kelliher joining the Dallas Mavericks, Lee Quackenbush moving to indoor‑farming operator Cox Farms, and Brittany Cerwin promoted at Middleby. Nu Skin named Chelsea Lantz interim CFO, while Phyllis...
Salesforce Announces $25 B Share Repurchase Program, One of Year's Largest
Salesforce announced a $25 billion share repurchase program, the largest buyback in the tech sector this year. The board authorized the program to be funded from existing cash resources, signaling confidence in the company's outlook and aiming to boost earnings per...
Lenders Backed Big Manhattan Office Towers in February
Lenders poured over $2.5 billion into Manhattan’s top‑tier office assets in February, with Brookfield and Olayan each securing $800 million refinancings and Vornado obtaining a $525 million loan. The deals featured higher‑interest rates near 5.9 percent but were backed by strong occupancy and fresh...
The Private Credit Snowball Accelerates
The private credit market, now over $1 trillion in size, is confronting significant liquidity strain. More than $100 billion of private credit funds are experiencing redemption limits, gating, or forced liquidity measures, indicating a real‑time unwind rather than a theoretical risk. The...
Bringing SaaS to a Wellness Business
Wellhub, formerly Gympass, secured $85 million Series F financing in 2023, valuing the corporate wellness platform at $2.4 billion and earning unicorn status. The company now serves nearly 40,000 corporate clients and, after partnering with Anytime Fitness, operates the largest U.S. fitness network...
How to Visualize a P&L with Claude and Build a CFO Report
Finance teams can now feed a 3,000‑row CSV into Claude and receive a fully interactive profit‑and‑loss dashboard with hierarchical rows, drill‑down charts, and variance commentary—all without coding, design work, or a BI subscription. The single prompt generates a CFO‑grade report...
Freightos’ Job Cuts May Have Been Inevitable as Profitability Push Intensifies
Freightos announced a global workforce reduction of up to 15%, affecting roughly 50‑60 roles, as part of a cost‑optimisation plan aimed at reaching adjusted EBITDA breakeven by the end of 2026. The company expects $1.3 million in restructuring expenses but anticipates...
Damen Shipyards Posts Revenue and Profit Growth in 2025
Damen Shipyards Group closed 2025 with revenue climbing to $3.58 billion, up from $3.32 billion, and EBITDA rising roughly 10% to $204 million. Net profit reached $67 million, a modest increase from $64 million the prior year, while the order book now tops $11 billion, underpinning...
Profit From the EBITDA Multiple Spread in M&A
M&A basics nobody teaches you: – buy at 3–5x EBITDA – combine into platform – sell at 10–12x – personal capital: $0 the spread between those two multiples is the entire game
Inflection Point Acquisition Corp. VI (IPFXU) Prices $220M IPO
Inflection Point Acquisition Corp. VI priced a $220 million IPO and will begin trading on Nasdaq under the ticker IPFXU on March 27, 2026. The SPAC targets North American and European companies in disruptive growth sectors, leveraging the expertise of its senior management team....
In a More Automated World, How Do CFOs Think About Succession Planning? CFO Peer Audit
CFOs are rethinking succession planning as automation erodes traditional entry‑level finance roles. They cite rotation programs, cross‑training, mentorship, and formal talent reviews to keep junior staff engaged and develop future leaders. Process documentation and AI‑enhanced decision‑making are used to preserve...
Sunway's 387% Surge Beats IJM's 9% Loss
Sunway is showing IJM how to actually make money. A 387% return vs a 9% loss? This isn't just a merger; it's a rescue mission for your portfolio. Let’s break this down: 1. Sunway's 387% dominance. 2. IJM's wealth destruction. 3. The national champion play. 🧵👇🏼
FGS Reps Brown-Forman as It Talks Merger
Brown‑Forman, represented by FGS Global, announced it is in merger discussions with French liquor giant Pernod Ricard. Both companies describe the potential deal as a merger of equals that would create a global spirits leader with a balanced geographic footprint. Pernod Ricard...
Fullerton Fund Management, 65 Equity Partners to Manage Second Anchor Fund Tranche
Singapore’s Ministry of Trade and Industry and Temasek have appointed Fullerton Fund Management and 65 Equity Partners to manage the second tranche of the Anchor Fund, a S$1.5 billion ($1.1 billion) pool launched to anchor high‑quality listings. Fullerton will serve as a...
SoftBank Secures US$40 Billion Loan to Boost OpenAI Investments
SoftBank Group announced a $40 billion unsecured bridge loan to fund its OpenAI stake and broader corporate needs. The loan, arranged with JPMorgan Chase, Goldman Sachs, Mizuho, Sumitomo Mitsui and MUFG, matures in March 2027. This financing follows a prior $30 billion commitment...
FCA Fines Dinosaur Merchant Bank for Deficient Reporting of Suspicious Trading in Its CFD Business
The UK Financial Conduct Authority has imposed a £338,000 fine—about $429,000—on Dinosaur Merchant Bank Limited for failing to implement effective systems to detect and report suspicious contracts‑for‑difference (CFD) trading. Between June and October 2024, the bank’s new order platform processed...
Novartis to Spend up to $2B on Excellergy and Its Next-Gen Xolair Candidate
Novartis announced it will pay up to $2 billion upfront to acquire Excellergy Inc., securing the biotech’s next‑generation anti‑IgE candidate. The move comes as Xolair, Novartis’ blockbuster allergy drug, prepares for imminent biosimilar competition that could erode its market share. By...
Deadline for Simba Telecom's M1 Acquisition Pushed Back
Keppel and Simba Telecom have agreed to push back the long‑stop date for Simba's acquisition of M1's telecom business to May 21 2026, after the Infocomm Media Development Authority extended its regulatory review. The transaction, announced in August 2025, values M1's enterprise...
The New Geography of Money: How Cross-Border Payments Are Being Reinvented
Cross‑border payments are undergoing a fundamental shift as fintech innovators replace legacy banking corridors with real‑time, low‑cost networks. New infrastructure—blockchain ledgers, API‑driven platforms, and regulated e‑money licences—cuts settlement times from days to seconds. Traditional banks are partnering with or acquiring...
Misanalysis Is Investing’s Biggest Risk, Mitigated by Rigorous Research
Nick Sleep on the biggest risk in investing "In our opinion, the biggest risk in investing is the risk of misanalysis. We seek to control this risk through the quality of our research, especially through applying what we have learnt."
Friday Portfolio Shifts Target Life Alert Market
(PREMIUM) "Tactical Update: March 27, 2026 - The Life Alert Market" Friday portfolio adjustments... via The Lyons Share https://t.co/7xhU1hRpGV https://t.co/LC5NkFzCHY
Intuit Thinks It’s Found Your Company’s Next CFO: AI
Intuit is transforming its accounting suite into an AI‑driven "system of intelligence," enabling real‑time financial interpretation and automated actions. The company’s Generative AI Operating System (GenOS) orchestrates models, data, and workflow agents, processing roughly 60 billion machine‑learning predictions daily across a...
Eliminate Month‑end Chaos with Real‑time SAP Business One
End manual month-end hell. Get real-time data with SAP Business One. Interested? Let's chat. Connect and let's talk how I can help you solve your problems. Schedule a meeting with me: https://t.co/ZsEwnG4p2n #SAPBusinessOne #ERP $SAP https://t.co/qoPJk5kyvw
5‑Year SOFR Swap Spreads Dip Below
5y SOFR swap spreads have been heavy lately and just narrowed below -35 bps. Tactically good level IMO esp with the possibility of reg relief soon https://t.co/fjvHI7HVCz
China’s Big Banks Post Flat 2025 Profit on Margin Squeeze
China’s four biggest state‑owned banks reported essentially flat earnings for 2025 as record‑low net interest margins and rising loan‑impairment provisions squeezed profitability. ICBC’s net income edged up 0.7% to ¥368.6 billion (≈$51 billion), while the sector’s combined profit rose 2.3% to ¥2.38 trillion...
Stay Ahead of the Game: AML Compliance for Mortgage Lenders
Anti‑money laundering (AML) compliance is now a non‑negotiable requirement for mortgage lenders, who are classified as financial institutions under the Bank Secrecy Act (BSA) and the USA PATRIOT Act. Lenders must implement comprehensive programs that include Know‑Your‑Customer (KYC) checks, Customer...
Cracking Down on Money Laundering: Effective AML Policies for Financial Institutions
Financial institutions must adopt comprehensive Anti‑Money Laundering (AML) programs to detect illicit activity, meet regulatory mandates, and protect their reputations. Core components include Customer Due Diligence, rigorous record‑keeping, suspicious activity reporting, and a dedicated AML compliance officer. Emerging threats such...
Ray Dalio Urges Investors to Craft a Back‑tested Game Plan Amid Market Turbulence
Billionaire investor Ray Dalio posted on X urging investors to develop a well‑tested, back‑tested game plan to steer through inflation fears, geopolitical tension and sharp market swings. He argues that a disciplined strategy reduces stress and improves decision‑making, offering a...
Transparency Data: CMA Board: Rules of Procedure
The UK Competition and Markets Authority (CMA) has published its Board Rules of Procedure, a comprehensive set of governance documents covering everything from audit committees to digital markets oversight. The latest update on 27 March 2026 removed the Nominations Committee’s terms of...
Quito Group Bolsters Growth Plans with €70m Funding
The Quito Group, owner of ECS, Global GSA, CargoTech and other logistics firms, completed a refinancing of its €250 million ($275 million) debt and secured a new €70 million ($77 million) investment facility. The fresh capital will fund digitalisation, infrastructure upgrades and the rollout...
2026 Tax Strategies Promise $10K Savings for High Earners
Financial advisors and tax analysts have unveiled a suite of 2026 tax deductions and strategies that could shave $10,000 or more off the bills of high‑income households. The guidance, ranging from expanded SALT caps to corporate‑rate incorporation, is prompting wealth...
Ares Private Credit Fund Records Record Monthly Loss After Gating Redemptions
Ares Management's $10.7 billion Strategic Income Fund posted a 0.68% loss for February, its worst month ever, after the firm imposed a 5% redemption gate. The move follows a surge of withdrawal requests that exceeded 11% of net assets, underscoring mounting...
Warner Bros. Discovery Schedules Shareholder Vote on Paramount‑Skydance Merger Backed by $40 Billion
Warner Bros. Discovery announced that shareholders will vote on its proposed merger with Paramount Global and Skydance Media, a transaction underpinned by a $40 billion commitment from Larry Ellison. The vote date was not disclosed, but the move pushes the deal...
Ackerman Hires CRE Veteran Charles Pledger to Lead Investment Sales
Ackerman & Co. announced the hire of commercial‑real‑estate veteran Charles Pledger to head a newly created Investment Sales Division. The move deepens the firm’s capital markets franchise and adds a slate of seasoned brokers to serve investors in the Southeast.
Meta Slashes 700 Jobs, Grants Six Execs up to $921 M in AI‑linked Stock Options
Meta announced a 700‑person workforce reduction and a new stock‑option package worth up to $921 million for six senior executives. The moves are part of a broader restructuring aimed at accelerating the company’s AI‑first product strategy.
Bridgewater Limits Losses to Sub‑1% as Iran Oil Shock Sends Hedge Funds Tumbling
Bridgewater Associates' $92 billion Pure Alpha strategy posted a loss of under 1% for March, outpacing rivals that logged multi‑billion‑dollar declines amid an Iran‑driven oil price shock. The fund’s defensive positioning highlights a widening gap between macro hedge funds that were...
L Catterton and Cedar Capital Launch Luxury Hotel JV, Acquiring Two Iconic Properties
L Catterton Real Estate and Cedar Capital Partners announced a strategic joint venture to build a luxury hospitality platform, immediately acquiring the 177‑key Garden Beach Hotel on the French Riviera and the 204‑key Penha Longa Resort near Lisbon. The partnership...