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
IRADIMED CORPORATION Reports First Quarter 2026 Financial Results
IRADIMED reported first‑quarter 2026 revenue of $22.0 million, a 13% year‑over‑year increase, and record GAAP diluted EPS of $0.45. Operating income rose 33% to $7.2 million, while net income climbed 24% to $5.8 million. The company launched its next‑generation 3870 MRI‑compatible IV infusion pump, receiving strong early orders, and declared a regular cash dividend of $0.20 per share. Management reaffirmed full‑year guidance of $91‑96 million revenue and $1.90‑$2.05 GAAP EPS.
Cinemark Shrinks First Quarter Loss on Higher Attendance, Revenues
Cinemark Holdings reported a first‑quarter loss of $6.4 million, a sharp improvement from the $38.9 million loss a year earlier. Total revenue jumped 19% to $643.1 million, driven by a 17% rise in U.S. attendance to 24 million patrons and higher admissions and concession...
Nintendo Valuation a Steal Despite Rising Memory Costs
50% off its highs, 40% below Switch 2 release levels, and back to 2020 levels? Here's why $NTDOY's valuation looks like a steal, even with rising memory costs (link in bio).
Coleman, Contigo and Marmot Parent Sees Outdoor Segment Widen Q1 Operating Loss on Lower Sales
Newell Brands reported that its Outdoor & Recreation segment, which includes Coleman, Contigo and Marmot, posted net sales of $175 million in Q1 2026, a 5.7% decline from $182 million a year earlier. The segment’s operating loss widened to $7 million, or –4.0%...
How to Look at Mergers and Acquisitions as Transformations, Not Transactions
Higher‑education mergers are often portrayed as desperate bailouts, yet they can serve as strategic transformations akin to corporate M&A. When institutions prioritize mission alignment, early planning, and cultural fit, mergers become tools for expanding academic offerings, achieving economies of scale,...
Collect the Cash
Dee Bowden’s new book “Collect the Cash” delivers a practical roadmap for trade‑credit professionals to turn overdue invoices into reliable revenue. Drawing on more than a decade of experience and over $100 million in recoveries, Bowden outlines a “4 Keys to...
ARCHIMED to Acquire Esperion Therapeutics in a $1.1 Billion Deal
ARCHIMED has agreed to acquire Esperion Therapeutics for approximately $1.1 billion, offering shareholders $3.16 in cash per share—a 58% premium—and a contingent value right (CVR) that could add up to $100 million based on future sales milestones. The transaction values Esperion at...
Reinsurance Expansion Supports Aon’s $5bn Q1’26 Revenue
Aon reported $5 billion in first‑quarter 2026 revenue, propelled by a $1.28 billion contribution from its Reinsurance Solutions unit, marking a $305 million year‑over‑year increase and 5% organic growth plus a 4% favorable currency effect. Risk Capital revenue climbed 10% to $3.5 billion, with...
School Fiscal Challenges Are Pressuring Bond Ratings
Credit rating agencies are flagging mounting fiscal pressure on U.S. K‑12 districts and colleges as enrollment declines, rising salary and benefit costs, and limited revenue flexibility erode credit quality. Fitch reported that K‑12 districts accounted for 70% of its downgrades...
Cash Forecasting in Real Time: Why Speed Matters More Than Ever for CFOs
Finance teams are moving beyond forecast accuracy to prioritize speed, turning cash forecasting into a real‑time strategic tool. APQC research of 1,200 finance professionals shows faster forecasts enable decisive liquidity actions, capture fleeting opportunities, and mitigate compounding risks. Manual spreadsheets,...
Currenc Group Inc. Announces FY2025 Financial Results
Currenc Group reported FY2025 revenue of $37.8 million, a 10.3% decline, while gross margin expanded to 40.8% and operating expenses fell by 44% after divesting lower‑margin businesses. The company completed a $54.6 million related‑party loan conversion to equity and announced a $400 million...
Analysis: Japanese and Korean Insurers to Accelerate M&As in the U.S. and Globally
Japanese and Korean insurers are accelerating cross‑border M&A to offset slowing domestic markets. Japanese firms have invested roughly US$35 billion overseas, with 86% of deals targeting the United States, while Korean groups are expanding beyond Southeast Asia, highlighted by DB Insurance’s...
Circus Acquires US-Israelian Kitchen Robotics
Circus SE completed an all‑cash acquisition of Kitchen Robotics for an estimated $150,000, securing full ownership of its patents, AI‑driven control algorithms, and NSF‑certified sensor systems. The deal expands Circus' intellectual‑property portfolio and gives it immediate access to U.S.‑approved autonomous...
Illuminate Financial Closes $135M Early Growth Fund to Back the Next Generation of AI & Fintech for Financial Services
Illuminate Financial announced the close of its $135 million Early Growth Fund, the firm’s fourth fund and first aimed at Series B+ enterprise AI and fintech companies. Backed by a roster of global banks and exchanges—including BNP Paribas, Citi, HSBC, Deutsche Börse, RBC and...
Tesla (TSLA) Reveals $573M Web of Transactions Between Elon Musk’s Companies
Tesla’s amended 2025 10‑K/A disclosed $573 million in revenue from Elon Musk‑controlled SpaceX and xAI, alongside $24.8 million in related‑party expenses and a $2 billion equity investment that ultimately converted into a minority stake in SpaceX. The revenue came from 1,279 Cybertruck sales...
Hamilton Q1’26 Net Income Reaches $134m, CoR Improves to 89.8%
Hamilton Insurance Group reported a Q1 2026 net income of $134 million, up from $80.8 million a year earlier, and an operating profit of $166.7 million. The combined ratio sharpened to 89.8% from 111.6% in Q1 2025, driven by disciplined underwriting and stronger...
LKQ Focuses on Improving Financial Results
LKQ Corp., the leading recycled and aftermarket auto parts distributor, posted first‑quarter 2026 revenue of $3.47 billion, a 4.3% year‑over‑year increase, but earnings slipped sharply as diluted EPS fell to $0.30, down 51% from the prior year. The decline reflects a...
Eurobites: Turbulence Continues for VMO2 as Revenue Slips 6.5%
Virgin Media O2 (VMO2) reported a 6.5% decline in Q1 revenue to £2.4 billion (≈US$3.26 billion), driven by the loss of 6,900 fixed‑line customers and 311,800 mobile connections. Adjusted EBITDA fell 3.4% year‑over‑year after accounting for the recent merger with Daisy Group....
Slide Lifting Reinsurance Tower to ~$3.5bn for 2026, Rate Decreases Substantial: CEO Lucas
Slide Insurance Company announced that its first‑event catastrophe reinsurance tower for 2026 will be about $3.5 billion, roughly $1 billion higher than the 2025 program. CEO Bruce Lucas said risk‑adjusted pricing in the Florida market has fallen substantially, with every layer of...
‘Golden’ or ‘Garbage’: Milken Signals New Private Credit Era
At the Milken Institute Global Conference, private‑credit leaders heard a stark warning from TCW Group CEO Katie Koch that the direct‑lending market is approaching a reckoning. The conference highlighted a split view: some investors see the asset class as a...
Beyon Releases Q1 2026 Financial Results, Reports USD 313 Million Revenue
Beyon Group posted a modest 1% revenue increase to BHD 119 million ($313 million) in Q1 2026, driven by its digital services and international operations. Net profit slipped 15% to BHD 15.3 million ($40.6 million) after a one‑off income boost in the prior year and heightened geopolitical...
Lemonade Logs Q1 Net Loss With Topline Growth
Lemonade reported a Q1 2026 net loss of $35.8 million, an improvement from $62.4 million a year earlier. Revenue jumped 71% to $258 million and gross profit rose 159% to about $100 million. In‑force premium reached $1.3 billion, up 32% year‑over‑year, while IFP per employee hit...
Deepfakes Are Now a Board-Level Risk & Regulators Are Watching
Deepfake‑enabled fraud is moving from novelty to enterprise‑level threat, with recent scams costing a Hong Kong firm $25 million and a Singapore company $0.5 million. The UK’s Economic Crime and Corporate Transparency Act (ECCTA) and the updated corporate governance code (Provision 29) now...
Fulgent Reports First Quarter 2026 Financial Results
Fulgent Genetics reported first‑quarter 2026 revenue of $71.1 million, a 2.7% decline year‑over‑year, while posting a GAAP loss of $24.8 million ($0.80 per share) and a non‑GAAP loss of $11.0 million ($0.36 per share). The laboratory services segment delivered solid volume, but higher...
First-Quarter Revenues Fall but VMO2 Sees Brighter Prospects for Fiscal Year
Virgin Media O2 (VMO2) posted a 3% year‑on‑year decline in Q1 2026 service revenue to £2.08 bn (≈$2.64 bn), while wholesale revenue rose 5.1% on stronger MVNO and lease activity. The company invested £500 m (≈$635 m) in fibre, 5G Standalone and launched O2...
Morocco Seeks Financing for $25bn Gas Pipeline
Morocco’s state‑owned oil, gas and mineral agency, Onhym, is preparing a fundraising campaign to secure financing for a $25 bn, 6,900 km gas pipeline that will transport West African gas to the Mediterranean and link to Europe. The Nigeria‑Morocco Gas Pipeline will...
Structural Monitoring Systems Q3 Webinar Addendum
Structural Monitoring Systems (ASX: SMN) held a Q3 FY26 investor webinar on April 29, where CEO Rick Freeman detailed a 15% year‑over‑year revenue rise to A$45 million (≈US$30 million) and announced new contracts in Queensland and Vietnam worth A$12 million. The company unveiled...
GrafTech Reports First Quarter 2026 Results
GrafTech International reported Q1 2026 net sales of $125 million, up 12% year‑over‑year, driven by a 14% increase in sales volume to 28.1 k MT. Despite higher revenue, the company posted a net loss of $43 million, or $1.66 per share, and adjusted EBITDA...
T. Rowe Price Q1 2026 AUM Hits $1.71 Trillion, Earnings Rise 13%
T. Rowe Price posted first‑quarter 2026 results showing assets under management climb 9.6% to $1.71 trillion and adjusted earnings per share rise 13% to $2.52. The firm posted $562 million of adjusted profit on $1.86 billion of revenue, while still grappling with $13.7 billion...
Massive 401(k) Flows Drive Equity Rally
The Flows If you don't have the humility to respect either the market or its flows, you'll get an education "As we have been tracking over the past several weeks, a large part of that move was supported by an estimated...
Thoma Bravo Exits Medallia, Absorbs $5 Bn Equity Hit
Thoma Bravo walks away from Medallia, taking $5bn equity hit Read more here: https://t.co/9G35OGrOHt https://t.co/dvChCgadBM
Dunhill Partners Acquires 93,755‑Sq‑Ft Bradford Plaza in Stillwater, OK
Dunhill Partners, led by CEO Bill Hutchinson, completed the purchase of the 93,755‑square‑foot Bradford Plaza retail center on 8.87 acres in Stillwater, Oklahoma. The 100% leased property, anchored by national brands and situated near Oklahoma State University, signals sustained confidence...
Indra's Space Division Targets Over €400M Revenue, Iris2 Confirmed
.@IndraCompany: @Hispasat @hisdesat swell Q1 results; space division rev to be EUR 400M+ this year; @defis_eu #Iris2 "is real" following cost/sched/KPI negs that ended April 30. Defis: we'll announce results 'in due course.' @SES_Satellites @Eutelsat. https://t.co/uHyfoiggVO https://t.co/DcCAj3XunD
Even Top Risk Models Miss the Unexpected
Why risk models can fail Even the best models can’t predict the unexpected. #Risk #FinancialMarkets https://t.co/Y9vUuyQLeN
Boyne Capital Closes BCM Fund III at $355 Million, Exceeding Target
Miami‑based Boyne Capital announced the final close of its third lower‑middle‑market fund at $355 million, topping its $275 million goal and reaching a hard cap in just 90 days. The oversubscribed raise lifts the firm’s total commitments since 2006 to more than...
Reverence Capital Secures $2B Osaic Recap with Top Investors
Reverence Capital closes $2bn Osaic recap, drawing in Ares, Lexington, and Bain Capital Read more here: https://t.co/0VcHyKoq7B https://t.co/CFLnBR7rBK
IRS Unveils Temporary Rules to Refund Diesel and Kerosene Excise Taxes
The Treasury Department and IRS rolled out new regulations, effective May 1 2026, that let businesses reclaim excise taxes on diesel or kerosene that are later dyed and removed for non‑taxable uses. The temporary rules, which expire May 1 2029, create a formal refund...
Amgen Posts $5.6 B Q1 Revenue, Raises 2026 Guidance Amid Pipeline Gains
Amgen announced first‑quarter 2026 revenue of $5.6 billion, up 24% year‑over‑year, and raised its full‑year revenue outlook to $37.1‑$38.5 billion. The biotech giant highlighted strong growth in its lipid‑lowering and rare‑disease portfolios and noted progress on the Meritide program and a new...
Apple Taps Trump-Era Tariff Refunds to Fund US Manufacturing, Boosting Bottom Line
Apple announced $111 bn revenue for Q2 FY2026 and said it is pursuing refunds on duties collected under the Trump administration. CEO Tim Cook pledged to channel any recovered funds into U.S. innovation and advanced manufacturing, underscoring a strategic financial‑management play...
Westwood REIT Posts Q1 2026 Earnings, AUM Hits $18.3B Amid Energy Fund Surge
Westwood Holdings Group (WHG) posted Q1 2026 earnings with total revenue of $25 million and assets under management rising to $18.3 billion, up from $17.4 billion at year‑end 2025. The boost came largely from the Westwood Energy Secondaries Fund 2, which closed with over...
Bank of England Holds Rate at 3.75% as Energy Shock Fuels Future Hike Concerns
The Bank of England's Monetary Policy Committee voted 8‑1 to keep the bank rate at 3.75% on Thursday, citing the risk of material second‑round effects from an energy price shock tied to the Middle East war. The decision signals short‑term...
Paramount‑Skydance Faces $110 B Merger Lawsuit From Subscribers over Antitrust Concerns
Paramount Global, now under Skydance, and Warner Bros. Discovery are confronting a consumer lawsuit that seeks to block their $110 billion merger. Plaintiffs argue the deal would give the combined firm roughly 24% of theatrical distribution, enabling higher prices and fewer...
Lazard to Acquire Campbell Lutyens for $575M, Forming Global Private Capital Advisory Leader
Lazard announced a definitive agreement to acquire Campbell Lutyens for an initial $575 million, with up to $85 million in earn‑out, creating Lazard CL – a combined private‑capital advisory unit projected to generate $500 million in 2027 revenue and serve as the firm’s...
First Solar Posts Record $1.0 B Q1 Net Sales on 31% Module Volume Surge
First Solar posted a record $1.0 billion in first‑quarter net sales, driven by a 31% rise in module volume and a 47% gross margin. The company highlighted near‑full U.S. plant utilization, a growing backlog and the rollout of its CURE technology,...
JLL Posts 11% Q1 Revenue Rise on Organic Service Growth and AI Adoption
Jones Lang LaSalle (JLL) posted an 11% jump in first‑quarter revenue, largely from organic growth in its real‑estate services and a high single‑digit rise in software revenue. The earnings beat highlights expanding demand for technology‑enabled leasing, AI tools and premium...
Seaport Therapeutics Upsizes IPO, Raises $255 Million at $18 per Share
Boston‑based Seaport Therapeutics priced an upsized IPO of 14.16 million shares at $18 each, pulling in about $255 million in gross proceeds and valuing the company near $912 million. The offering, underwritten by a consortium led by Goldman Sachs and JPMorgan, marks a...
Constellium’s Revenues Increase in Q1
Constellium reported Q1 2026 revenue of $2.5 billion, a 24% increase year‑over‑year, even as shipments fell 1% to 370,000 metric tons. Net income surged to $196 million from $38 million, and adjusted EBITDA reached $359 million, boosted by a $97 million non‑cash metal‑price lag. All three operating...
Bankers Warn of Imminent Crash as IMF Flags Systemic Risks
Leading bankers at the IMF’s finance ministers meeting warned that the global banking system, including investment banks, faces a crash risk as debt ratios surge past 140% of GDP. IMF officials highlighted the combined strain of the Middle East oil...
Point72 Forms New Executive Committee as AUM Hits $50 Billion
Point72 Asset Management announced a new five‑member executive committee, headed by founder Steve Cohen, as the firm’s assets under management climbed to $50 billion. The reshuffle formalizes a leadership structure that has evolved alongside a near‑five‑fold AUM increase and a tripling...
Mason & Associates Cuts $5.7M Stake in Pacer Cash Cows Growth ETF
Mason & Associates Inc sold 161,704 shares of the Pacer US Large Cap Cash Cows Growth Leaders ETF (COWG) for an estimated $5.67 million, cutting its position to 88,667 shares worth $2.91 million. The move shrinks the ETF’s share of Mason’s U.S....