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
Metrobank Closes Sustainability Bond Offer
Metrobank closed its public offer for the Series F ASEAN Sustainability peso‑denominated bonds a week early, citing strong investor demand. The 1.5‑year bonds carry a fixed 5.4727% coupon and will be listed on the Philippine Dealing & Exchange Corp. on April 14. Proceeds will diversify funding and be allocated to green and social projects under the bank’s sustainability framework. The issuance is part of Metrobank’s roughly $3.6 billion bond and commercial paper program approved in 2021.
PXP Energy Turns P561-M Debt Into Forum Shares
PXP Energy Corp. will exchange roughly ₱561 million (≈ $10 million) of loans for 561 million new common shares in its subsidiary Forum Exploration, Inc., raising Forum Energy Philippines’ ownership to 91.65% from 66.67%. The conversion is intended to shore up Forum Exploration’s balance...
Forrester TEI Studies Project 101% ROI for Enterprises, 16-Month Payback for Midmarket on Dynamics 365 ERP
Forrester Consulting’s Total Economic Impact studies, commissioned by Microsoft, estimate a 101% three‑year return on investment for large enterprises and a 16‑month payback for mid‑market firms that adopt Dynamics 365 ERP. Both studies model organizations moving from fragmented, legacy ERP...
Wheaton Precious Metals: Gift Of The Cartel
Wheaton Precious Metals Corp. has been upgraded from a Sell to a Hold rating after its market capitalization eroded following an expensive silver streaming transaction. The company now trades at roughly 18 times its worst‑case revenue forecasts, putting it near what...
Toll Group Agrees Sale and Leaseback of Singapore Logistics Facility
Toll Group has entered a sale‑and‑leaseback deal for its 25 Loyang Crescent logistics hub in Singapore, selling the property to CapitaLand Ascendas REIT. The agreement includes a 12‑year triple‑net lease with an optional six‑year extension for the wharf and jetty...
Exor: Deep NAV Discount Persists Despite Lingotto Momentum And Portfolio Rotation
Exor N.V. is trading at an approximately 62% discount to its net asset value, a gap analysts deem unjustified given its robust balance sheet and active portfolio management. The company's Lingotto asset‑management arm has tripled assets under management to $10 billion,...
Perma-Fix Environmental Services, Inc. (PESI) Q4 2025 Earnings Call Transcript
Perma‑Fix Environmental Services held its fourth‑quarter and fiscal 2025 earnings call on March 24, 2026, releasing the company’s Q4 and full‑year financial results. CEO Mark Duff and CFO Ben Naccarato presented the numbers and outlined strategic initiatives, while emphasizing the firm’s role...
Nelson Peltz Is Giving Hedge Funds a Little Sweetener
Nelson Peltz’s activist firm Trian Fund Management has upgraded its bid for London‑based asset manager Janus Henderson to a "best and final" $8 billion offer, translating to $52 per share and clearing the $50‑a‑share hurdle. The proposal represents a 25% takeover...
Takeover Chatter Swirls Around Jefferies with Japan’s SMFG a Rumored Suitor
Japan’s Sumitomo Mitsui Financial Group (SMFG) is reportedly assessing a bid for U.S. investment bank Jefferies, prompting a modest rally in the lender’s stock. Jefferies shares have slumped 34% this year after exposure to bankrupt auto‑parts maker First Brands, though...
Ninja Explores Riyadh Listing as Saudi Market Holds Steady Despite Tensions
Saudi quick‑commerce startup Ninja, founded in 2022, is weighing a Riyadh IPO after posting roughly $1 billion in 2025 revenue and targeting $1.6 billion in 2026. The company secured $250 million of funding in 2025, lifting its valuation to $1.5 billion and joining Saudi...
Iliad Upbeat on 2025, but Cagey on Current Year
Iliad reported a 23% jump in operating free cash flow to €2.25 bn ($2.43 bn), surpassing its €2 bn target. Revenue grew 3.4% to €9.5 bn ($10.3 bn) driven by strong performance in Italy and Poland, while EBITDAaL topped €4 bn ($4.32 bn). The group added 1.5 million...
FIS Debuts Clearing Solution for Prediction Markets
FIS has launched the CD Prediction Clearing solution, delivering 24/7 real‑time post‑trade clearing for regulated prediction markets. The platform replaces fragmented batch processes with continuous, high‑volume transaction handling and instant risk updates, capable of processing millions of trades daily. It...
OpenAI Set to Raise About $10 Billion From MGX, Coatue, Thrive
OpenAI is close to securing roughly $10 billion from a new venture round, bringing its latest fundraising total to about $120 billion. The round values the company at approximately $730 billion post‑money. Abu Dhabi‑based MGX, Coatue Management and Thrive Capital are leading the...
Treasury Yields Return to Trump Era, Signaling Market Anxiety
10Y treasury back to where it was at Trumps inauguration. Its increased almost 0.5% since the Iran war started in a sign that the market worries do the long term effects of Trump’s chaotic presidency. That makes mortgages more expensive. 1Y...
Ares Honors Few Redemptions, Claims Stakeholder Alignment
Ares: 11.6% redemption requests. Honored 5%. Called it “aligned with the best interests of all stakeholders.” The stakeholders who wanted their money back might define “best interests” differently.
J.P. Morgan Bitcoin Mining Deal Boosts WGMI Top Holding
Core Scientific secured $500 million in financing from JPMorgan, bringing its total Wall Street commitments to $1 billion after a prior $500 million from Morgan Stanley. The funding will accelerate equipment purchases, property acquisitions, and energy contracts as the miner pivots its 11...
BioAge Labs Provides Business Updates
BioAge Labs reported full‑year 2025 results, highlighting positive Phase 1 data for its oral NLRP3 inhibitor BGE‑102, which achieved up to 86% reduction in hsCRP and strong suppression of IL‑1β, IL‑6, and fibrinogen. The company announced a Phase 2a cardiovascular risk trial...
Automating Complex Finance Workflows with Multimodal AI
Finance leaders are turning to multimodal AI frameworks to automate complex document workflows. By pairing vision‑enabled parsing tools like LlamaParse with large language models, extraction accuracy improves 13‑15% over raw OCR. Gemini 3.1 Pro, combined with Gemini 3 Flash for...
Perplexity Computer Delivers Instant, Deep Guidance Credibility Analysis
I never found a way to adopt the old version of Perplexity in my investment process, but the things you can one-shot in Perplexity Computer are mind bogglingly good, and it has become a daily driver for me (for the...
Secondary Reinsurance Market Could Drive Greater Capital Efficiency, Says Howden Re
Howden Re’s new report outlines a framework for a secondary reinsurance market, arguing that tradable risk would let insurers and reinsurers re‑balance exposures and release capital more efficiently. The broker highlights that reinsurance currently acts as static contingent capital, with...
Canal+ Appears Dramatically Undervalued with Strong Synergies
Help me out here. Doesn't Canal+ $CAN looks pretty mispriced right now. The market is basically valuing MultiChoice (plus all the expected synergies) at less than zero. MultiChoice is already profitable and Canal+ is targeting €400m in annual synergies over the...
Municipal Closed-End Funds Squeezed
Municipal Closed End Funds feeling the Rate complex heat of higher yields as well as credit risk pressures turning up.
Risley’s CFFI Under Scrutiny as Court Extends Stay, Orders Review of $1.4-billion Debt
Nova Scotia Supreme Court judge extended the stay of CFFI Ventures’ CCAA restructuring until May 29, keeping the $1.4 billion (≈ $1.0 billion USD) debt under court protection. A monitor from FTI Consulting will re‑evaluate the company’s roughly $367 million (≈ $270 million USD) asset base,...
Aave V4 Reinvestment Boosts Capital Efficiency via DAO Strategies
Aave V4 reinvestment feature enables to sweep float liquidity into DAO-approved strategies such as lower risk hubs, sGHO or t-bills. Creating better capital efficiency for Aave.
Understanding Persistent Foreign Private Demand for U.S. Treasuries
This raises an important question -- namely how should we understand ongoing demand for Treasuries from private investors abroad? 1/ https://t.co/IVZNahIfEc
Apollo Caps Withdrawals at 45% as $15bn Private Credit Fund Faces Redemption Surge
Apollo Global Management announced that its flagship Apollo Debt Solutions BDC will return only about 45% of the capital investors asked to redeem, after redemption requests surged to 11.2% of outstanding shares. The move underscores mounting liquidity pressure in the...
US Yield Rise Threatens Debt Spiral Amid Oil Tensions
Update: 10y UST yields (blue, RS1) USDJPY*oil (red, LS) USDCNY*oil (green, RS2) Hormuz is still closed; China still has several years of oil inventories; 10y UST yields are ~20-30 bps from triggering a US & global debt spiral. What happens first? Let's watch. https://t.co/ixdOHnatCg
2‑Year Treasury Auction Weakest Since May 2024
“Today’s 2 yr auction was terrible:” @pboockvar The bid-to-cover ratio was the weakest since May 2024 and dealers got stuck with the largest amount since October 2022. Traders are having a hard time pricing Fed policy as oil prices swing...
Bursa Malaysia Falls 0.7% as All Indices Turn Red Amid Foreign Outflows and Oil Price Volatility
Bursa Malaysia ended the day at 1,708.76, a 0.69% drop, with every local index in the red despite a broader Asian rally. Foreign investors recorded a net outflow of RM168.3 million, and Brent crude surged to $102 per barrel, pressuring the...
Transparency Data: HM Treasury Business Appointment Rules Advice, October to December 2025
HM Treasury has published transparency data covering business‑appointment advice given between October and December 2025. The dataset details guidance provided to former senior civil servants (SCS1 and SCS2) and equivalent special advisers on taking outside roles. It aims to document compliance...
The Six Types of Due Diligence You Need Before Merging
The article outlines six essential due‑diligence categories that CPA firms should evaluate before merging, stressing that the scope must be tailored to each transaction. It recommends pairing a Letter of Intent with reviews of financial, tax, legal, operational, cultural, and...
Third-Party Ownership and Strong Market Fundamentals Drive ‘New Shape of Solar’ in US Residential Sector
The Aurora Solar Snapshot shows third‑party ownership (TPO) models have become the leading financing choice for U.S. residential solar, with 55% of installers favoring PPAs or leases over loans and cash. The shift follows the Trump administration’s rollback of Inflation...
Subprime Lender Goeasy Secures Debt Relief After Share Slide
Goeasy Ltd. secured debt‑relief concessions after a Q4 charge‑off surge of C$331 million ($241 million) forced its auto‑lending unit LendCare out of compliance, sending shares down over 60 % and its 6.875 % note to 79.25 cents. Lenders waived covenants, raised spreads by 100 basis...
Abivax in No Rush for a Deal, Confident Key June Trial Data Can Secure Better Terms for Partnerships, CEO Tells...
Abivax plans a June capital raise ahead of a pivotal maintenance trial readout for its lead asset, obefazimod, which targets ulcerative colitis and Crohn's disease. CEO Marc de Garidel told CNBC the company is in no hurry to sell, believing...
How Exchange Rate Movements Impact Businesses Importing From China
UK importers buying from China face cost volatility because most Chinese suppliers invoice in US dollars, forcing businesses to manage both GBP/USD and USD/CNY pairs. A 5‑10% swing in the pound can instantly raise cost of goods sold, while freight...
Maximising Collections to Deliver Business Value: A Modern Direct Debit Imperative
Mark Bish’s blog highlights Pay.UK’s Direct Debit rule 5.8, which now lets businesses challenge indemnity claims under reason code 4, curbing fraudulent disputes. The update tightens onboarding standards, demanding stronger validation and verification to avoid sanctions. He also stresses that automation,...
Qualified Business Income Tax Deduction – Smart Strategies
The Qualified Business Income (QBI) deduction lets eligible pass‑through ecommerce owners subtract 20 % of qualified income from taxable earnings. For 2025, businesses earning up to $197,300 (single) or $394,600 (married filing jointly) can claim the full credit, while higher earners...
Consistency Rules in Prop Trading: What They Are, Why Firms Use Them, and How Traders Adapt
Consistency rules in proprietary trading firms are designed to prevent traders from relying on a single, oversized profit day and to promote repeatable, controllable performance. These rules often cap daily profit contributions, require a minimum number of trading days, or...
Vantage Data Centers Appoints Scott Beasley as Global Chief Financial Officer
Vantage Data Centers announced the appointment of Scott Beasley as its global chief financial officer, overseeing finance, accounting, capital markets, procurement, and corporate development. Beasley, based in Denver, brings extensive experience from leading Frontier Communications through a $12 billion fiber investment...
Spain Moots New SFDR Eligibility Pathway for Sovereign Bonds
Spain’s finance ministry has floated a new eligibility pathway that would allow sovereign bonds to be classified as sustainable under the EU’s Sustainable Finance Disclosure Regulation (SFDR). The proposal seeks to broaden the pool of assets that can meet ESG...
Feedzai Unveils RiskFM, Aimed at a Frustrating Plague of Financial Fraud
Feedzai has launched RiskFM, a fraud‑prevention platform that moves beyond sole reliance on card‑network data by incorporating customer onboarding, payments and broader digital activity. The solution processes roughly $9 trillion in global payments across 120 billion events each year. Early testing is...
Starling Bank Appoints New Chief Risk Officer
Starling Bank announced the appointment of Keith Algie as its new group chief risk officer, pending regulatory sign‑off. Algie succeeds Cyrille Salle De Chou, who is leaving after a two‑year tenure focused on scaling the bank’s risk framework. Algie joins from ANZ,...
Institutions Are Increasing Private Market Allocations: Nuveen
Institutional investors are allocating more capital to private‑credit strategies, according to Nuveen. The firm notes a surge in demand for bespoke investment vehicles, with custom mandates and separate accounts topping the list of preferred structures. This shift reflects a broader...
HDFC Gold ETF to Use Commodity Derivatives During Supply Shortage
HDFC Mutual Fund announced that its Gold ETF will tap exchange‑traded commodity derivatives (ETCDs) only when physical gold becomes temporarily scarce. The fund currently holds 15,262 kg of 99.5% pure gold, representing 98.65% of its assets, with cash and net current...
Pico-Cap FY25 Review: Strong Incremental Margins and Profitability Inflection...
Pico-Cap’s FY25 report shows a dramatic earnings swing, with revenue surging and gross margins expanding to deliver full‑year profitability for a company valued under $10 million. Cash generated from operations before working‑capital changes suggests strong scalability once the business reaches larger...
Danske Pauses Tactical Risk-Taking as All Eyes Turn to Oil and War
Danske Bank Asset Management has placed its Global Tactical Allocation strategy on hold, moving to a neutral stance across all tactical risk exposures due to heightened uncertainty from the Middle East war. Head of Macro and TAA Bo Bejstrup Christensen...
Robin Energy Launches Self‑tender for up to 1M Shares
Robin Energy $RBNE Announced has commenced a self-tender offer to purchase up to 1,000,000 shares. https://t.co/kGw8Y2ZS1J
Spade Raises $40M Series B for Finance AI Platform
Spade announced a $40 million Series B round led by Oak HC/FT, backed by Andreessen Horowitz and other fintech investors. The New York‑based fintech reported 470% year‑over‑year growth and a peak daily transaction volume of 1.9 billion, underscoring rapid adoption. The capital will...
This Client Cut $47K/Month Overnight
A Credit Banc client was juggling nine short‑term loans and an open tax balance, resulting in roughly $56,000 of cash outflows each month despite steady revenue. The firm consolidated the debt with a $1.1 million term loan that also covered the...
The Post Office Is Out of Options
South Africa’s Post Office, under business rescue, has been denied permission to sell assets or borrow externally due to the Public Finance Management Act, leaving it financially stranded. The rescue team says an additional R3.8 billion (≈$210 million) is required on top...