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
FCA Sets Out Next Phase of Smarter, More Effective Regulation
The Financial Conduct Authority (FCA) unveiled its 2026/27 work programme, emphasizing AI‑driven authorisations, generative‑AI document review and a new sandbox for automated data feeds. The regulator plans to keep fee increases to just 1%, the smallest rise since 2017, while investing in smarter case handling and expanding its overseas footprint to the UAE, China and India. Initiatives also target faster IPO applications, regulation of buy‑now‑pay‑later products and stronger intelligence‑led enforcement against financial crime. Overall, the FCA aims to become a more data‑rich, low‑burden regulator that supports growth and consumer protection.
EQT‑McKinsey Study Shows European Tech Exodus Wiped Out $1.4 Trillion in Value
Swedish private‑equity firm EQT and consulting giant McKinsey released a study that quantifies a €1.2 trillion ($1.4 trillion) loss in value from European technology companies that have either listed overseas or been acquired by foreign buyers since 2014. The findings highlight a...
Tom Gores Joins Final Four Bidders for San Diego Padres
Detroit Pistons owner Tom Gores has entered the final four bidders for the San Diego Padres as the MLB team's sale narrows. The bid reflects a growing trend of private‑equity‑style investors targeting marquee sports assets.
French Game Union Blames Nacon Mismanagement as Publisher Faces Bankruptcy
The French video‑game workers’ union Syndicat des Travailleureuses du Jeu Video has accused Nacon’s leadership of “years of mismanagement” that led to the publisher’s confirmed insolvency. The union demands the removal of Nacon’s executives and better conditions for studios such...
Pop Mart Shares Dive 22% After Disappointing 2025 Annual Report
Pop Mart's shares plunged 22% following a 2025 annual report that missed revenue and profit forecasts. Investors criticized the outlook, while the company hinted at cost‑cutting and new media partnerships as a path forward.
JPMorgan Launches $8B Junk‑bond Sale to Fund Record $55B EA Buyout
JPMorgan Chase has opened an $8 billion junk‑bond offering to finance a $55 billion leveraged buyout of Electronic Arts, the biggest LBO‑related high‑yield issuance of 2026. The deal, led by Saudi Arabia’s Public Investment Fund, Silver Lake and Affinity Partners, tests investor...
China Bonds See Inflows as Safe‑Haven Demand Rises Amid Global Bond Sell‑Off
Investors shifted capital into Chinese sovereign and corporate bonds as safe‑haven demand surged, while U.S. Treasury yields moved sharply amid Middle‑East tensions. The reallocation highlights a growing appetite for China’s fixed‑income market despite limited disclosed inflow figures.
Muddy Waters' Short Report Sends SoFi Shares Tumbling Near 50%
SoFi Technologies was hit by a Muddy Waters short‑seller report accusing it of inflating loan profitability, which drove the stock down nearly 50% in a single session. The lender, which posted 41% year‑over‑year growth in deposits and adjusted revenue and...
Growth Hype Is Liability Without Proven Unit Economics
Banks, not approved. Investors, hmmm, still thinking. Many SME business owner face that. Are you doing it wrong? Or did you missed some steps? I’m starting a 10-lesson micro-lessons to make SMEs be capital ready. (Save this bit for later.) Lesson 1: Kill the...
Pfizer Inc (PFE): Our Calculation of Intrinsic Value
Our weekly DCF model values Pfizer Inc. at roughly $14‑15 per share, far below its current trading level near $27. The analysis uses a 9% discount rate, 2% terminal growth, and projects free cash flow stabilizing around $10 billion by 2029,...
Reflection AI Seeks $2.5B to Build Sovereign AI Hub
I got to reflect on @reflection_ai 😉 Reflection AI aims to counter Chinese AI systems by promoting freely available, high-performance U.S. AI models. As of March 25, 2026, Reflection AI is in talks to raise $2.5 billion at a $25 billion...
JSW Benchmarks Itself Against Global Leaders, Says Parth Jindal
Parth Jindal said the recent sale of two IPL franchises for more than $3.4 billion validates a seven‑year bet and he now projects each of the ten teams could be worth $4‑5 billion within a decade. He highlighted JSW Group’s strategic shift...
The Perfect Plan for Transfer Pricing: Why Alignment Is Greater Than Complexity
Donna Frye, managing partner of UHY’s Transfer Pricing practice, argues that alignment—not complex models—is the key to effective transfer pricing for multinational enterprises. She emphasizes starting with people and real‑world operations, then ensuring the economic reality of value creation matches...
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Decision Trees in Finance: A Tool for Analyzing Risks and Outcomes
Decision trees translate complex financial choices into visual, probability‑weighted models, enabling analysts to compute expected values for projects, options, and operational decisions. They underpin binomial option‑pricing for both European and American contracts and are essential for real‑option analysis that can...
Notre Dame FCU and Catholic United Financial CU to Merge Effective April 1
Notre Dame Federal Credit Union and Catholic United Financial Credit Union have approved a merger that will take effect on April 1. The deal combines two sizable regional credit unions, expanding member services and sharpening competition in the Midwest cooperative banking...
Detective Accounting: Uncovering Business Truths in Client Books
When I open a new client's books for the first time my brain immediately goes into detective mode. Where are they categorizing things? Are they mixing personal and business? What does their chart of accounts look like — is there anything...
Sunway's 99.27% Win Clears Path for RM11B Deal
Sunway just crushed the IJM vote with a massive 99.27% win and the MACC finally got off their back. Is this RM11 billion deal unstoppable now? (Save this for later) 1. Shareholders aren't blinking. 2. The MACC drama is over. 3. Take it...
BSP Holds Rates at 4.25% in Surprise Off-Cycle Meet- #CapitalMarkets #Finance
The Bangko Sentral ng Pilipinas kept its benchmark policy rate at 4.25% after an unexpected off‑cycle meeting, citing the sharp oil‑price shock from the Middle East conflict. Domestic fuel costs have surged up to 177%, prompting a national energy emergency...
Software Loans Keep Default Rates Below 2% Amid AI Panic
AI fears have flipped the direct lending business on its head. Historically, software has exhibited the lowest default rate in private credit at 1.4%, below the average of 2-3%. https://t.co/Ff7NdOcqJI
From the Microsoft Dynamics GP Blogs: Adding Major Modules; BOMs; Financial Reporting: GP vs BC; Prepping for GP End of...
Microsoft Dynamics GP’s support window closes in September 2029, urging businesses to plan migrations to Business Central. Recent blog posts advise adding major GP modules now to simplify a future ERP switch. They also compare GP and Business Central’s bill‑of‑materials structures,...
Kushner’s Thrive Holdings in Talks to Raise at Least $2 Billion
Thrive Holdings, the venture‑capital arm spun out of Joshua Kushner’s Thrive Capital, is negotiating a new fundraising round of at least $2 billion. The firm has already locked in $1 billion of capital commitments and is gauging investor appetite for an additional...
Alpha Cognition Inc. Reports Fiscal 2025 Financial Results and Provides Operational Update
Alpha Cognition reported fourth‑quarter 2025 revenue of $2.5 million from its Alzheimer’s drug ZUNVEYL, bringing full‑year revenue to about $10.2 million. The company added a second national PBM contract, expanding coverage to two of the four major long‑term‑care payers, and saw prescriber...
Mastercard Explores Sale of Nets Real-Time Payments Business
Mastercard has engaged investment bankers to explore selling the real‑time payments business it bought from Denmark’s Nets in 2019 for $3.2 billion. The unit, which produces roughly $370 million in revenue and $100 million EBITDA, is expected to fetch a price below its...
IPA Capital Markets Arranges $31M Financing for Nebraska Apartments
IPA Capital Markets, a Marcus & Millichap division, arranged a $31.61 million refinancing for The Flats at Leighton District, a 234‑unit multifamily complex with ground‑level retail in Lincoln, Nebraska. The loan carries a five‑year term, full‑term interest‑only payments and a fixed...
Crosby Enterprises, LLC Announces Voluntary Chapter 11 Filings to Facilitate Financial Restructuring for Three Subsidiaries
Crosby Enterprises filed Chapter 11 cases for its subsidiaries Crosby Tugs, Crosby Dredging and Crosby Marine Transportation in the Eastern District of Louisiana on March 23, 2026. The filings aim to restructure secured debt while keeping daily operations, employee wages and vendor payments...
Terry Smith’s Data‑Driven Calm Amid AI Hype
Terry Smith is currently the favorite punching bag of the investing world. After a period of underperformance, his "Quality" strategy is under heavy fire. But if you actually listen to the 2026 AGM, you’ll find one of the most rational voices...
Marathon Sells $1.1B BTC, Cuts Debt
💥NOT GOOD THE BIGGEST US BITCOIN MINER, MARA, SELLS 15,133 BTC MARA used the $1.1 billion in Bitcoin sales to reduce its convertible note debt The miner has now dropped to third place in the corporate Bitcoin holder rankings https://t.co/VzJmT6vt4M
Future Money Acquisition Corporation (FMACU) Prices $100M IPO
Future Money Acquisition Corporation (NASDAQ:FMACU) priced its $100 million initial public offering and will begin trading on Nasdaq on March 27, 2026. The SPAC is targeting a merger with a company operating in artificial intelligence, Web3, or intelligent manufacturing. Sponsor leadership...
Diversification Cost Driven by Funding, Not Strategy
"If You Can't Beat 'It, Stack 'It" Quantica's latest on why the cost of diversification depends on how you fund it, not the diversifier itself. Worth your time. https://t.co/w7oKWKy3Ot
Lassonde Industries Inc. Announces Its Q4 and Fiscal 2025 Results
Lassonde Industries reported fiscal 2025 sales of $2.14 billion USD, a 7% increase year‑over‑year, driven by price adjustments in Canada and higher U.S. volumes. Quarterly results showed Q4 revenue of $560 million USD, up 4%, with operating profit of $52 million USD and...
Arizona Sets Pacing Amid ‘Cautious Optimism’ for PE Landscape
Arizona’s state pension fund is adopting a more aggressive stance toward private equity, citing “cautious optimism” about an improving M&A environment. The fund plans to allocate additional capital to capture opportunities in what it describes as a bifurcated market, where...
Nasdaq Tokenization Plans Could Split Trading Into Two Markets — TD Securities
Nasdaq is advancing tokenization through three parallel projects: settlement upgrades, tokenized share issuance, and support for offshore blockchain venues. TD Securities warns this could create a dual‑market structure where the same stock trades on regulated U.S. exchanges and on offshore...
Sanuwave Announces Record Revenues and Financial Results for Q4 and Full Year 2025
Sanuwave Health reported record Q4 and full‑year 2025 results, with quarterly revenue of $13.4 million—a 29.7 percent increase—and annual revenue of $44.1 million, up 35 percent from 2024. Gross margin slipped to 74.7 percent in Q4 due to a $486 k inventory write‑off, while adjusted EBITDA...
Federal Reserve Board Announces It Has Made the Joint Findings with the Office of the Comptroller of the Currency Required...
The Federal Reserve Board announced it has completed the joint findings with the Office of the Comptroller of the Currency required for the OCC to approve Morgan Stanley Bank, N.A.'s request for an exemption under Section 23A of the Federal Reserve...
Veritone Reports Preliminary, Unaudited Q4 2025 Results and Announces Strategic Deal with Oracle
Veritone reported preliminary Q4 2025 revenue of $18.1 million to $30.0 million and a GAAP net loss ranging from $25.1 million to $37.0 million. The company highlighted a strategic multi‑year agreement with Oracle to run its AI solutions on Oracle Cloud Infrastructure, aiming to...
GameStop Turned Its $368 Million Bitcoin Stash Into an Options Income Play
GameStop transferred almost its entire bitcoin portfolio—4,709 of 4,710 BTC—to Coinbase Prime and used the coins as collateral for a covered‑call options program. The over‑the‑counter strategy writes short‑dated calls with strike prices between $105,000 and $110,000, earning premium income while...
Memory Maker Micron Weighs Buying Shuttered Japan Display Plant
Micron Technology is in talks to purchase Japan Display's shuttered LCD production plant in Chiba, Japan. The U.S. memory maker plans to repurpose the facility for semiconductor chip assembly and testing rather than display manufacturing. Acquiring the site would give...
Hanover Capital Refis Long Island City Retail Property With $26M Loan
Hanover Capital provided a $25.8 million refinancing loan for Vorea Group’s 52,578‑square‑foot retail development at 10‑04 Borden Avenue in Long Island City. The property, opened in 2024, is 100 percent leased to experiential anchors iFly and Vibe Fitness. Hanover highlighted the asset’s proximity to...
Signet Jewelers to Close 100 Stores and Shut Two Brands Amid Diamond Market Turmoil
Signet Jewelers announced it will close roughly 100 stores and discontinue the James Allen and Rocksbox brands, consolidating around its three flagship banners—Kay Jewelers, Zales and Jared. The move follows a mixed fiscal‑2026 performance, with operating income up to $393.1 million...
Nevis Targets 10‑30 MW Geothermal Plant to Slash Power Costs Below $0.15/kWh
Nevis Premier Mark Brantley announced a multilateral‑backed geothermal power project that will initially deliver 10‑30 MW, enough to meet the island’s entire electricity demand. The plan promises to lower current rates of more than $0.40 per kilowatt‑hour to under $0.15, cutting...
AtkinsRéalis Secures $700 Million in Private Debentures, Upgrades Credit Rating
Engineering and consulting firm AtkinsRéalis priced a $700 million private debenture offering, issuing $400 million of 4.411% Series 9 notes and $300 million of 4.756% Series 10 notes. The proceeds will retire $700 million of existing debt and the company received a BBB rating upgrade from...
BMO Aims to Increase Business in the U.S., Return on Equity to More than 15% by 2028
Bank of Montreal (BMO) announced a plan to lift its return on equity (ROE) above 15% by 2028, hinging on stronger performance in its U.S. operations, deeper client relationships, and expanded use of artificial intelligence. The bank reported an adjusted...
Everybody Loves Languages Corp. Shareholders Approve Amalgamation with ELL Ventures Ltd.
Everybody Loves Languages Corp. (ELL) announced that shareholders approved its amalgamation with ELL Ventures Ltd., creating a new entity called Amalco. The transaction is slated for completion around April 10 2026, subject to customary conditions. Upon closing, ELL common shares will be...
Japanese‑American $40 B SMR Project to Add 3 GW in Tennessee, Alabama
Hitachi and GE Vernova have launched a $40 billion joint venture to install BWRX‑300 small modular reactors in Tennessee and Alabama over the next five years. The project will contribute roughly 3 GW – about one percent of U.S. electricity generation –...
Direxion Unveils Four 2× Bull ETFs on Adobe, PayPal, Texas Instruments, UnitedHealth
Direxion announced the launch of four new 2× daily leveraged ETFs that track Adobe, PayPal, Texas Instruments and UnitedHealth, giving investors a tool to double short‑term gains on four high‑profile U.S. stocks. The products arrive as single‑stock trading accounts for...
Portfolio Trading for Rates and Credit Is Live on MTS BondVision
Euronext’s MTS BondVision platform has launched Portfolio Trading for rates and credit, enabling buyside clients to execute baskets of bonds simultaneously via API and GUI. The service, built with dealers and buyside input, already supported trades in European government bonds,...
FASB Declines Airline Settlement Project
The Financial Accounting Standards Board voted not to add a project that would change how airlines record settlement payments from manufacturers for grounded aircraft. Under existing GAAP, such payments reduce the cost basis of the aircraft and are amortized over...
Defense Tech Startups Raise $405 Million in New Funding Rounds
Defense technology startups collectively raised $405 million in recent financing rounds. ORAN Development Company (ODC) secured $45 million in a Series A to build an AI‑native, open‑architecture platform that turns cell sites into distributed compute hubs, a step toward the 6G era. Performance...
We Built the Finance Tool AI Agents Use
Every finance tool is adding an AI chatbot. We went the other direction — we made @tryramp the tool that AI agents use. curl -fsSL https://t.co/dtP4f5DrW5 | bash
March Global Regulatory Brief: Trading and Markets
The International Financial Services Centres Authority (IFSCA) released a consultation paper proposing a standalone market‑abuse framework for IFSC securities, replacing reliance on SEBI rules and introducing hybrid principle‑ and rule‑based standards. In Europe, ESMA approved supplementary deferral timelines for sovereign...