Today's Finance Pulse
SpaceX’s $75B IPO could value the rocket maker at $1.75T
SpaceX is preparing a historic IPO that could raise about $75 billion, valuing the company near $1.75 trillion. Investor demand is reported to top $150 billion despite the firm remaining loss‑making with projected 2025 revenue of $18.67 billion. The offering arrives amid an AI‑driven rally that has pushed the Nasdaq‑100 to roughly 35.7× earnings.
Also developing:
PayPal’s Stock Falls After Earnings. Here’s What’s Spooking Wall Street.
PayPal posted a solid first‑quarter earnings beat, with revenue rising 7% to $8.35 billion and adjusted EPS climbing 1% to $1.34. However, the company warned of a roughly 9% drop in adjusted EPS for the June quarter, far worse than analysts’ 4% decline forecast. The guidance shock sent the stock down about 10% in pre‑market trading. PayPal also unveiled a three‑unit reorganization and a $1.5 billion cost‑cut program aimed at boosting efficiency and reinvesting in growth.
Sanjay Malhotra: Indian Financial Markets - Resilience and Resurgence
At the 25th FIMMDA‑PDAI Annual Conference, RBI Deputy Governor Sanjay Malhotra highlighted India’s macro‑economic resilience and the ongoing deepening of its financial markets. He noted an average 8.2% GDP growth from 2021‑25, inflation consistently below the 4% target, and foreign‑exchange...
Michelle W Bowman: Artificial Intelligence in the Financial System
At an FSOC round‑table on April 27, 2026, Federal Reserve supervisor Michelle Bowman highlighted artificial intelligence as a growing force multiplier for banks while flagging emerging cyber‑risk concerns. She noted the Fed’s recent amendment to model‑risk guidance that explicitly excludes generative...
Capital Models Benchmarking: A Framework for Counterparty Credit Risk Internal Models
Firms using internal models for counterparty credit risk (CCR) face numerous implementation choices, from data inputs to Monte Carlo simulation techniques. To strengthen model validation, the industry is adopting a peer‑benchmarking framework that compares results across institutions using hypothetical portfolios....
Region Wallonne Mandates Banks Ahead of Social Bond Tap
European and Asian markets saw a surge in sustainability‑focused financing this week. Dutch public‑sector lender NWB Bank raised €1 billion via a seven‑year water bond to fund regional water authorities, while India’s Sagarmala Finance Corporation announced plans for the country’s first...
Why some CFOs Stay Far Away From the R&D Credit
The article argues that many CFOs deliberately forgo the U.S. research and development (R&D) tax credit because of high consulting fees, onerous documentation, and lingering audit fears. Structural factors—such as the credit’s design favoring large firms and frequent legislative tweaks—make...
CFO Tenure Averages Just 2.1 Years at Public Companies, Lowest in C-Suite
A new Datarails study of 1,991 U.S. public firms shows CFOs now average just 2.12 years in the role, the shortest tenure among C‑suite executives. Over the past six years, more than 60% of companies changed their CFO at least...
The Baldwin Group’s Total Revenue Rises 29% to $532.2m in Q1’26
The Baldwin Group posted Q1 2026 revenue of $532.2 million, up 29% from the prior year, while organic revenue grew 2% YoY. Adjusted EBITDA climbed 21% to $137.2 million, yielding a 25.8% margin, though GAAP net loss widened to $1.9 million after a $24.9 million...
Disc Medicine Reports First Quarter 2026 Financial Results and Provides Business Update
Disc Medicine reported Q1 2026 results, highlighting the completion of enrollment in its Phase 3 APOLLO trial of bitopertin for erythropoietic protoporphyria, with topline data expected in Q4 2026. The company also announced that Phase 2 data for DISC‑0974 in myelofibrosis‑related anemia will be...
THL Partners Picks up $6.35bn at Final Close of Tenth Flagship Fundraise
THL Partners announced the final close of its tenth flagship private‑equity fund, securing $6.35 billion in commitments. The new vehicle is 13% larger than the 2021 predecessor, underscoring the firm’s growing fundraising momentum. THL plans to deploy the capital across its...
GMR Solutions (GMRS) IPO Deck
GMR Solutions, a nationwide provider of emergency medical services and out‑of‑hospital care, has released its initial public offering deck ahead of a planned listing. The deck outlines the company’s extensive ambulance fleet, mobile‑critical care units, and partnerships with hospitals and...
RS2 Signs Multi-Million-Euro Payment Processing Deal To Enter 8 New Latin American Markets
RS2, the Malta‑based payment processor, signed a five‑year agreement valued at roughly €5 million ($5.4 million) to provide acquiring and issuing services in eight new Latin American markets. The deal adds Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, the Dominican Republic and Guatemala...
Climate Governance Now Shapes Governments’ Borrowing Costs
New research covering 31 OECD economies shows that sovereign bond markets already embed climate‑transition risk in yields. Investors differentiate between mere climate ambition and credible governance, rewarding countries with strong institutional capacity and green infrastructure with lower borrowing costs. A...
Fervo Energy (FRVO) IPO Deck
Fervo Energy, a developer of enhanced geothermal systems (EGS), released its IPO deck in early May 2026. The company positions its technology as a low‑carbon, baseload power solution that can be deployed in regions lacking conventional geothermal resources. The deck...
Everspin Technologies: Fiscal 1Q26 Financial Results
Everspin Technologies reported first‑quarter 2026 revenue of $14.9 million, a 13% year‑over‑year increase, driven by stronger MRAM product sales that rose to $14.1 million. GAAP net loss narrowed to $0.3 million while non‑GAAP net income jumped to $2.6 million, and cash balances sit at...
Duol's Q1 Growth Slows, Guidance Cut
My thoughts on $DUOL Q1 2026 Revenue growth—and essentially growth across all metrics—is slowing significantly. QoQ revenue growth slowed to +3.2%, and next quarter growth is expected to be even slower. If we extrapolate this pace, the company is currently growing...
Amid Texas Crackdown, More City Audit Releases Are on Time
Texas enacted a law that penalizes municipalities filing annual audits later than 180 days after fiscal year‑end, allowing the attorney general to block property‑tax hikes. The crackdown, led by AG Ken Paxton, has expanded to over 1,000 cities, prompting many...
IPG Photonics Announces First Quarter 2026 Financial Results
IPG Photonics reported first‑quarter 2026 revenue of $265.5 million, a 17% year‑over‑year increase driven primarily by a 21% surge in its Industrial Solutions segment. GAGAP gross margin slipped to 37.5% as tariffs and higher product costs weighed on profitability, while net...
The Real Gap Between Cybersecurity and Finance
Chief Information Security Officer Brian Blakley argues that CISOs and CFOs manage the same enterprise risk but speak different languages. The CISO’s technical focus on threats and controls often fails to translate into the financial impact that CFOs need for...
Global Indemnity Group, LLC Reports First Quarter 2026 Financial Results
Global Indemnity Group posted a strong first‑quarter 2026, reporting operating income of $8.3 million ($0.57 per share) versus a $4.1 million loss a year earlier. Net income turned positive at $4.1 million ($0.29 per share) and the current accident‑year combined ratio improved to...
Financial System Resilient Amid Heightened Global Risks
The Reserve Bank of New Zealand’s May 2026 Financial Stability Report warns that the Middle East conflict and the closure of the Strait of Hormuz are driving up fuel costs and slowing the country’s post‑pandemic growth. Despite these pressures, New Zealand banks retain...
Origin Materials Nearing Its End
Origin Materials Inc., a West Sacramento PET bottle‑cap maker, announced on May 1 that its board approved selling its PET cap technology and winding down operations. The company will cut 59% of its workforce, with CEO John Bissell stepping down and...
Unleashing the Potential: Optimizing Compliance with EDD Software and Tools
Enhanced Due Diligence (EDD) is a critical compliance framework that intensifies scrutiny of high‑risk clients and large transactions to combat money laundering and terrorist financing. The article outlines how dedicated EDD software automates data gathering, risk scoring, screening against sanctions...
Allied Industrial-Backed Liberty Waste Solutions Picks up Randolph County Garbage Services
Liberty Waste Solutions, backed by Allied Industrial, has secured the contract to provide garbage collection and recycling services for Randolph County, North Carolina. The agreement expands Liberty’s integrated waste‑management footprint beyond its existing service areas. Allied Industrial’s investment positions the company to...
The Week in Market Moves
The weekly market roundup highlights several strategic shifts across major banks and fintechs. Wells Fargo teamed with Mastercard to streamline B2B card payments, signaling a deeper push into payments infrastructure. Paymentus re‑positioned its value proposition around user experience rather than data...
Financial Crime Risk and Threats: Inside and Outside Organizations
Financial crime risks are expanding as digital assets and cryptocurrency platforms increase anonymity and cross‑border transactions. Organizations face threats such as unverified onboarding, multiple accounts on single devices, unauthorized use of customer accounts, illegal payments, payment mismatches, fraud, and sanctions...
Defending the Disclosure Ecosystem: The Essential Role of Shareholder Proposals and Regulation S-K
The SEC’s Division of Corporation Finance is reviewing Regulation S‑K and may trim disclosure requirements, citing information overload. The Shareholder Rights Group warns that reducing mandatory filings would damage a disclosure ecosystem where shareholder proposals spark voluntary reporting that later feeds...
Bonds Under Fire, Yet Remain Reliable Anti‑Growth Asset
Man my feed is hating on bonds today. Bad takes everywhere "The death of" every portfolio that includes bonds story "Inflation B/E's" unanchored. "10 year returns on TLT" or "Global Fixed Income" negative "Why would you own bonds" Imho bonds are meh...
Tyson Foods Upgrades Profit Outlook but Beef Volumes Still Pressured
Tyson Foods raised its fiscal 2026 adjusted operating profit outlook by $100 million, now targeting $2.2 billion to $2.4 billion. The upgrade stems from stronger-than-expected chicken sales, prompting a $200 million boost to the segment’s profit range of $1.9 billion‑$2.05 billion. Beef volumes slipped 13.1% as...
How Modern Accounting Teams Are Using AI Native ERPs
Campfire, an AI‑native ERP startup, showcased its AI agents in a live webinar hosted by founder John Glasgow. The session demonstrated how autonomous agents can handle flux analysis, accruals, and month‑end close tasks that traditionally rely on spreadsheets and manual...
GlobalFoundries Reports First Quarter 2026 Financial Results
GlobalFoundries posted first‑quarter 2026 revenue of $1.634 billion, a 3 % increase year‑over‑year but down from the prior quarter’s $1.830 billion. Gross profit rose to $451 million, lifting the IFRS gross margin to 27.6 % and the non‑IFRS margin to 29.0 %. Operating profit reached $180 million,...
New Directors Appointed as KDG Subsidiary Becomes MC Mining’s Controlling Shareholder
Kinetic Development Group’s SPV Kinetic Crest has taken a 51% controlling stake in MC Mining after a $90 million share subscription. The capital is earmarked for the Makhado project, which is now in advanced construction and moving toward commissioning. MC Mining...
The No. 1 Reason M&A Deals Fail Before They Even Start
A founder of a four‑year‑old AI startup with early revenue is seeking an exit above its $40 million valuation, but the author warns that most deals fail when expectations diverge from M&A realities. Recent high‑profile AI licensing and talent acquisitions by...
Correspondence: Asset Purchase Facility (APF) Ceiling, May 2026
On 5 May 2026 the UK Chancellor of the Exchequer and the Governor of the Bank of England exchanged letters confirming a reduction in the maximum authorised size of the Asset Purchase Facility (APF). The move follows a framework set...
WNBA Valuations / MLS Development League Overhaul
The episode dives into the rapid rise in WNBA franchise valuations, highlighting average team worth of $427 million and the impact of new media deals, labor peace, and star players like Angel Reese and Caitlin Clark. Hosts discuss the league’s unique...
Hard Lessons: Rick Rieder
In this Hard Lessons episode, Morgan Stanley’s chief economist Seth Carpenter interviews Rick Rieder, BlackRock’s CIO of Global Fixed Income and head of the Global Allocation Investment Team, who oversees roughly $3 trillion in assets. Rieder challenges the efficient‑market hypothesis, arguing...
Paramount CEO David Ellison Expands 2026 Slate to 30 Films with Warner Bros
Paramount Skydance CEO David Ellison announced a 30‑film theatrical slate for 2026 in partnership with Warner Bros., doubling the studio’s output from the prior year. The expansion comes with a forecast of significantly lower box‑office revenue per title, highlighting a...
Reverence Capital Partners’ Osaic Gets $2bn of New Capital Through Ares, Lexington-Led CV, Recapitalisation
Reverence Capital Partners has closed a continuation fund for its wealth‑management solutions platform Osaic, raising more than $2 billion of new capital. The financing, structured through a vehicle and a recapitalisation, was led by Ares Management and a Lexington‑partnered co‑investor group....
Equitable Holdings Posts $5.64 per Share Non‑GAAP Earnings, AUM Hits $1.1 Trillion
Equitable Holdings reported non‑GAAP operating earnings of $5.64 per share for 2025, a modest 1% rise year‑over‑year. The insurer‑wealth manager also posted a record $1.1 trillion in assets under management and returned $1.8 billion to shareholders, underscoring its capital‑return strategy.
Match Your Finance Function to Company Size for Efficiency
There are 4 stages of a finance and accounting function. Most companies are running the wrong one for the size they're at right now. On May 8th at 1 PM ET, I'm going live with Ramp during their Small Business Week...
Standard Chartered Backs Crypto Firm GSR with $150M
Standard Chartered just staked $150M in crypto trading firm GSR at a $1B valuation. This big bank move shows traditional finance doubling down on crypto infrastructure as market momentum starts to build. https://t.co/fDXqaagRkz
Commercial Vehicle Dealer eStar Acquired by OEM-Owned Group
Daimler Truck Own Retail Europe has entered the UK market by acquiring award‑winning eStar Truck & Van, adding six North West locations to its direct retail network. The sites—Knowsley, Stoke‑on‑Trent, Deeside, Trafford Park and Skelmersdale—cover a key logistics corridor linking...
Few Hospitals Rely on Gifts; Most Earn Fees
My analysis of IRS data found only 10 hospitals (out of 2,100) that received more than 50% of their income from gifts. The typical nonprofit hospital receives 94% of its income from fee-for-service payments and just 3% from gifts. This $1.3...
Buffett's Rule: Prioritize Fundamentals, Shun Flashy Stocks
Billionaire investor Warren Buffett's strategy? Stay away from flashy stocks, and assess fundamentals to find undervalued ones. https://t.co/qsceHG36d7
FinScan Expands AML Screening to Digital Wallets
FinScan has upgraded its Payments solution to screen stablecoin transactions and digital‑wallet addresses against global sanctions lists. The enhancement lets banks and fintechs run AML checks on both traditional rails and emerging digital assets through a single API. FinScan’s platform...
CVC Sells Hermes to Loomis for $433M
CVC exits cash logistics specialist Hermes in $433m sale to Loomis Read more here: https://t.co/k0F0CruFmu https://t.co/OdEex5wVol
From Near‑Zero to 6%: Bond Yields Surge
In 2020, with global interest rates near 0%, Austria sold this hundred-year bond to investors. Today, the United Kingdom is offering almost 6% (5.77%) for 30 years, think about that. https://t.co/6DDMRv4cEL
THL Partners Closes $6.35 B Fund X, One of 2026’s Largest PE Raises
THL Partners announced the final close of its THL Equity Fund X with $6.35 billion of investable capital, marking one of the biggest private‑equity fundraises this year. The fund, backed by a mix of pension funds, sovereign wealth funds and family...
UK 30‑Year Yield Peaks at 5.76%, Highest Since 1998
*UK 30-YEAR YIELD CLIMBS TO 5.76%, HIGHEST SINCE 1998 -- On September 27, 2022, the 30-year UK hit 4.99%. This was so intolerable that UK Prime Minister Liz Truss was forced to resign. Today, the UK's 30-year yield is 77 bps higher. https://t.co/NotUU2B1Gv
Peter Russo Explains Source‑to‑Pay Workflows on ServiceNow
MyPOV: here with Peter Russo talking workflows in source to pay of course. @ServiceNow #Know26 https://t.co/EdRDIqQyfd