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
Shake Shack Shares Drop 11% After Cutting 2026 Outlook
Shake Shack Inc. trimmed its fiscal 2026 revenue target to $415‑$420 million and lowered full‑year net income guidance to $45 million, prompting an 11% plunge in its stock. The downgrade reflects macro‑economic headwinds, higher input costs and a more cautious outlook on same‑store sales growth.
BP Sells 5% Stake in Australia's $35 Billion Browse LNG to GS Energy
BP announced the sale of a 5% interest in the Browse LNG project to South Korea's GS Energy, reducing its stake from 44.33% to 39%. The deal, disclosed to Reuters on Monday, underscores BP's disciplined portfolio management as it seeks...
Lululemon Athletica Inc (LULU) Q1 2027 Earnings Call Transcript
Lululemon reported Q1 net revenue of $2.5 billion, up 4% year‑over‑year, driven primarily by a 30% surge in China Mainland sales and a 13% rise in the Rest of World. North America revenue fell 3% as comparable sales slipped 6%, while...
Torrid Holdings Inc (CURV) Q1 2027 Earnings Call Transcript
Torrid Holdings reported first‑quarter net sales of $246 million, modestly beating its internal guidance despite a year‑over‑year decline. Comparable sales fell 1.7%, though excluding footwear the metric would have shown a 1.2% increase, highlighting a temporary headwind from its footwear assortment....
Cooper Companies Inc (COO) Q2 2026 Earnings Call Transcript
Cooper Companies posted Q2 2026 results with consolidated revenue of $1.024 billion, up 6.2% year‑over‑year and organic growth of 2.9%. Operating margin improved to 26.9% and non‑GAAP EPS rose 20% to $1.10, while free cash flow reached $159 million, funding a $92 million...
Rubrik Inc (RBRK) Q1 2027 Earnings Call Transcript
Rubrik reported record net new subscription ARR of $115 million, driving total subscription ARR to $1.46 billion, up 34% year‑over‑year. Subscription revenue surged 50% to $365 million and free cash flow jumped tenfold to $238 million. The company highlighted rapid expansion of its identity...
Toro Co (TTC) Q2 2026 Earnings Call Transcript
Toro Co reported first‑quarter 2026 net sales of $1.04 billion, up 4.2% year‑over‑year, with both Professional and Residential segments beating guidance. Adjusted EPS rose to $0.74 from $0.65, driven by a 7% Professional sales increase and the recent Tornado Infrastructure acquisition...
X-Energy Inc (XE) Q1 2026 Earnings Call Transcript
PPL Corporation posted Q1 GAAP earnings of $0.60 per share and an adjusted ongoing EPS of $0.63, reaffirming its 2026 ongoing EPS guidance of $1.90‑$1.98. The company confirmed a $5.1 billion capital investment plan for 2026, part of a $23 billion spend...
Columbus McKinnon Corp (CMCO) Q4 2026 Earnings Call Transcript
Columbus McKinnon reported fourth‑quarter fiscal 2021 revenue of $186.2 million, landing at the high end of its guidance despite a 1.7% year‑over‑year decline. Adjusted operating margin slipped to 10.1% and free cash flow reached $21 million, while the company generated $27 million of...
CES Energy Solutions Corp. Announces Refinancing of Its 6.875% Senior Unsecured Notes With 5.625% Senior Unsecured Notes
CES Energy Solutions Corp. announced a private‑placement of $300 million CAD (≈$222 million USD) of 5.625% senior unsecured notes due June 15, 2033. The proceeds will be used to redeem its $275 million CAD (≈$204 million USD) 6.875% notes due 2029 at a 103.438% price and...
SpaceX's IPO Is Set to Be Biggest Ever and Could Make Elon Musk a Trillionaire
SpaceX announced plans to raise up to $75 billion by selling 555.6 million shares at $135 each, valuing the company at roughly $1.77 trillion. The offering would become the largest U.S. IPO ever, dwarfing Saudi Aramco’s $26 billion debut in 2019. Elon Musk would...
Alphabet’s $80 Billion Flex
In this episode, Travis Hoy, Lou Whiteman, and Tyler Crow dissect Alphabet’s decision to raise $80 billion in equity, including a $10 billion stake from Berkshire Hathaway, to fund its massive AI and cloud capex outlays that will outpace its operating cash...
Eli Lilly Secures $162 M Upfront in Asian Deals and Wins Full PBM Coverage for Obesity Portfolio
Eli Lilly announced two Asian licensing agreements on June 1, 2026, delivering $162 million in upfront payments and up to $4.2 billion in milestones. The same day, CVS Caremark added Lilly’s oral obesity pill Foundayo and injectable Zepbound to its formulary, covering roughly...
Heartland to Acquire TSB for $620 M, Creating New Zealand’s Seventh‑Largest Bank
Heartland Group Holdings has signed a conditional agreement to buy TSB Bank for $620 million, creating TSB Heartland Bank – a full‑service challenger bank slated to become New Zealand’s seventh‑largest with about $15 billion in assets. The deal, expected to close by...
WeRide Posts 123% Revenue Jump, Expands China Robotaxi Fleet to 1,125 Vehicles
WeRide announced a 123% year‑over‑year revenue increase to RMB 314 million ($44 million) in Q4 2025, while its global robotaxi fleet rose to 1,125 vehicles. The company highlighted double‑digit growth in robotaxi orders, cost‑efficiency gains and a new USD 100 million share‑buyback program as...
NALA Secures $50 Million Credit Line to Accelerate Stablecoin Remittance Infrastructure
NALA has closed a structured credit facility of up to $50 million, led by AI‑driven private credit firm Liquidity through its joint venture Mars Growth Capital with MUFG Bank. The non‑dilutive funding will be used to pre‑fund customer accounts and expand...
Monette Farms Seeking Creditor Protection Until November to Accommodate Land Sales
Monette Farms, one of North America’s largest agribusinesses, has asked the Alberta Court of King's Bench to extend its creditor protection until November 13, pushing back the current June 19 expiry. The company, which entered protection in April with over...
Bullish News for Virginia Budget
Virginia’s budget outlook brightened after a revised revenue forecast added $585.5 million to FY 2026 General Fund revenues, pushing overall growth to 7.3 % and projecting a three‑year uplift of about $1.5 billion. The surplus stems from stronger individual income‑tax collections and fewer refunds,...
UK Reporting for Share Plans With UK Participants Due 6 July
Companies with UK‑based employees must file HMRC employment‑related securities (ERS) returns for share options and awards granted between 6 April 2025 and 5 April 2026. The deadline is midnight UK time on Monday, 6 July 2026, and registration for the online service must be completed by...
Authentic Brands Group’s Debt Ratings Upgraded by S&P
S&P Global Ratings upgraded Authentic Brands Group (ABG) to BB‑ from B+, citing its consistent 20% compound annual growth in revenue and EBITDA over the past five years. The rating lift reflects ABG’s ability to keep leverage below 5x despite...
Anthropic Picks Morgan Stanley, Goldman Sachs to Lead IPO
Anthropic PBC has tapped Morgan Stanley and Goldman Sachs to lead its initial public offering, with JPMorgan Chase joining the underwriting team. The move accelerates the AI firm’s race against OpenAI to become the first generative‑AI company on a U.S....
Shopify Ups Share Buyback Program as Activist Investors Question AI Policies
Shopify announced it will expand its share repurchase program to a total of $5 billion USD, adding $3 billion to the $2 billion authorized in February after using roughly three‑quarters of that initial pool. The move comes as the Toronto‑listed e‑commerce platform’s stock...
California Couple Saves $340,000 by Moving to Texas Before $4.2 Million Business Sale
A California couple in their late 50s moved to Texas a year before selling their LLC for $4.2 million, avoiding California’s 13.3% capital‑gains tax and saving roughly $340,000. The case underscores how residency changes are becoming a key strategy for high‑net‑worth...
Rallybio to Acquire Avenzo in $215 Million Private‑Placement‑Backed Merger
Rallybio Corp. announced a definitive agreement to acquire Avenzo Therapeutics, creating a combined entity that will trade as Avenzo Therapeutics (AVZO). The deal is paired with an oversubscribed $215 million private placement, funding operations into late 2028 and leaving pre‑Rallybio shareholders...
SpaceX Files S‑1 for $1.8 Trillion IPO, Targeting June 12 Listing
SpaceX submitted its Form S‑1 on May 20, outlining a June 12 Nasdaq debut that could value the company at roughly $1.8 trillion, making it the eighth‑largest U.S. firm by market cap. The filing has ignited a clash between bullish investors who cite...
K+S to Acquire Qemetica's Salt Business for €350 Million, Expanding European Footprint
K+S AG announced a €350 million deal, plus up to €30 million in performance bonuses, to acquire Qemetica S.A.'s industrial salt business. The transaction, slated to close in Q1 2027, adds two evaporated‑salt plants in Germany and Poland and brings €125 million of 2025...
CoreWeave's AI Compute Backlog Swells as Profitability Comes Under Scrutiny
CoreWeave Inc. announced a surge in AI‑compute backlog and a $660 million annual recurring revenue goal, yet its Q4 net loss widened to $76.3 million and operating margin fell to 24%. The mixed signals highlight the tension between rapid growth and near‑term...
Set Credit Policies that Boost Company Liquidity
The article stresses that a well‑crafted credit and collections policy is essential for generating liquidity and working capital, especially in today’s uncertain economy. It outlines how delayed credit decisions can stall inventory, increase financing costs, and even trigger higher interest...
Right Horizons Launches AIF Targeting ₹200 Crore
Right Horizons Portfolio Management launched the RH Rising India Opportunities AIF, a closed‑ended Category III fund targeting ₹200 crore ($24 million) with a greenshoe option for an additional ₹100 crore. The fund, open to resident Indians, NRIs, HNIs, corporates and institutions, requires a minimum...
Board Chooses Higher Bid, Sells Inhaler Firm to Tobacco
A profitable UK healthcare company spun out of the University of Bath, making asthma and COPD inhalers. Philip Morris showed up to buy them. The board unanimously voted to sell. Eric Ries (@ericries), author of The Lean Startup and Incorruptible...
Golf Genius: $53M ARR, $10M Self-Funded, Zero VC — Mike Zisman
In this episode, Mike Zisman, founder and CEO of Golf Genius, discusses how his bootstrapped SaaS company grew to $53 million ARR with only $11 million raised and $14 million in cash on hand. He explains the product suite—tournament management, handicapping, coaching, and...
Financial Advisors Urge Business Owners to Shift Year‑End Income to Dodge 32% Tax Bracket in 2026
Wealth‑management experts are telling business owners to accelerate or defer income before Dec. 31 to avoid the 32% federal tax bracket that kicks in for 2026. A simple timing shift—such as billing a $60,000 invoice in early January instead of December—can...
J.C. Flowers Acquires Monte Paschi Banque, Expanding European Bank‑Turnaround Play
J.C. Flowers & Co. announced the acquisition of Monte Paschi Banque SA, the French specialty lender owned by Banca Monte dei Paschi di Siena. The carve‑out places former Bank of England deputy governor Howard Davies at the head of the...
Alphabet Launches $80 Billion Stock Sale to Bankroll AI Infrastructure Push
Alphabet Inc. disclosed plans to raise up to $80 billion through a mix of underwritten offerings and a share‑sale program, with Berkshire Hathaway committing $10 billion. The capital will fund a massive build‑out of AI‑focused data centers, a move that sent the...
EY-Parthenon Shows Diverging M&A Outcomes for Corporate and PE Buyers
EY‑Parthenon’s 2026 M&A outlook predicts U.S. deal volume will rise about 8% by year‑end, with corporate acquisitions expected to grow 11% while private‑equity activity stays flat. Corporations are motivated by a technological arms race, seeking rapid access to AI and...
Oyo Parent Prism Secures SEBI Nod for $800 Million IPO
Prism, the holding company behind Oyo, received SEBI approval to raise ₹6,650 crore (about $800 million) in a fresh public offering. The move marks the third IPO attempt for the Gurugram‑based hospitality platform as it trims its size and targets a ₹50,000‑60,000 crore...
Hull Street Energy Eyes $1.4 GW Hydro Portfolio in Maryland PE Deal, Sparks Stakeholder Alarm
Hull Street Energy announced a pending acquisition of FirstLight Hydro Generating Co.'s 1,400 MW of U.S. hydro, solar and storage assets by a Maryland‑based private‑equity firm. Stakeholders warn that profit‑driven ownership could jeopardize river ecosystems and consumer costs, while regulators review...
Megaport Seeks $594M Raise to Launch AI Inference Cloud in Australia
Megaport Ltd. announced an entitlement offer to raise A$827.3 million ($594 million) at A$14.30 per share, a 13.9% discount, to finance a new AI inference cloud service and a GPU pool. The capital will also back four AI infrastructure contracts worth A$458.9 million,...
Blackstone Advances SP.LINKS Exit
Blackstone is advancing a sale of its Japanese payments firm SP.LINKS, targeting a roughly $625 million valuation. SoftBank Corp has emerged as a leading bidder, with a second‑round auction slated for mid‑July. Blackstone bought an 80% stake for about $250 million in...
Should You Buy Alphabet Shares Following $80 Billion Capital Raise?
Alphabet announced an $80 billion equity raise to fund AI infrastructure and broader corporate needs, causing its shares to slip 3.9% on June 2. The dilution is modest—under 2% of its $4.4 trillion market value—because only $30 billion will be sold initially on public...
Executive Compensation Disclosure Changes
On May 19, 2026 the SEC proposed a scaled‑disclosure regime that would slash executive‑compensation reporting for companies with a two‑year average public float under $2 billion, termed non‑accelerated filers (NAFs). NAFs would report only two years of pay history, limit the...
CVC Capital Partners to Acquire IFF Food Ingredients Business for $4.3 B
International Flavors & Fragrances (IFF) has agreed to sell its Food Ingredients business to funds advised by CVC Capital Partners for an enterprise value of about $4.3 billion. IFF will keep a 10% minority equity stake worth roughly $200 million and expects...
Howdens Joinery to Acquire DIY Kitchens for $495 M, Shares Jump 3%
Howdens Joinery Group Plc agreed to buy Ultima Furniture Systems, trading as DIY Kitchens, for an enterprise value of £390 million ($495 million). The announcement sent Howdens shares up 2.98% to 777.5 pence, highlighting investor optimism about the deal’s earnings accretion. The transaction...
Paramount‑Skydance Advances $110 B Bid for Warner Bros. Discovery Amid Regulator Review
Paramount Global and Skydance Media are moving forward with a $110 billion takeover of Warner Bros. Discovery. U.S. regulators appear ready to clear the deal, though several state attorneys general have lodged complaints. The transaction would be the largest media‑industry merger...
Mastercard Names Ling Hai CFO in Major Leadership Reshuffle
Mastercard announced that Ling Hai, currently president of Asia Pacific, Europe, Middle East and Africa, will become chief financial officer on August 3, 2026, succeeding Sachin Mehra. Mehra will move into a newly created chief business officer role as the...
AI Can Mimic Bloomberg. Replacing the Terminal Is Another Matter.
The Bloomberg Terminal remains the financial industry’s core information hub, charging roughly $30,000 per seat annually despite mounting competition. AI platforms such as Perplexity’s Computer can replicate basic data feeds and charts, but they lack Bloomberg’s deep network, curated content,...
Applied Aerospace & Defense Prices $20 IPO, Raising $650 Million
Applied Aerospace & Defense Inc. priced its initial public offering at $20 per share for 32.5 million shares, aiming to raise roughly $650 million before expenses. The offering, which includes a 30‑day underwriters’ option for an additional 4.875 million shares, is set to...
SpaceX Sets $135 Share Price to Raise $75 B, Targeting $1.75 T Valuation in Record‑Breaking IPO
Elon Musk’s SpaceX will price its initial public offering at $135 per share, aiming to raise $75 billion and achieve a $1.75 trillion market value. The fixed‑price approach, a rarity for mega‑cap listings, signals a bold bet on retail demand and Musk’s...
Vanguard Marks Down Ola Consumer's Valuation to $70 Mn
Vanguard has slashed the carrying value of its Ola Consumer stake to about $70.3 million, a near‑99% drop from the $5 billion valuation at its 2015 investment. The markdown follows previous cuts to $1.88 billion in early 2024 and $1.25 billion in May 2025. Ola’s FY25...
ESAs Publish the First Report on DORA Major ICT-Related Incidents
The European Supervisory Authorities released their first annual overview of major ICT‑related incidents under the Digital Operational Resilience Act (DORA). The report catalogued 3,383 incidents, with roughly one‑third spilling over borders, highlighting the sector’s growing interconnectivity. System failures and external...