Investor Gary Black expressed skepticism about SpaceX's upcoming IPO, citing a valuation that could reach $1.75 trillion as too high. He noted that the expected price implies a valuation around 300 times EBITDA, leaving little room for upside and suggesting the stock may be overpriced at launch. Other experts also question the valuation, with NYU's Aswath Damodaran valuing SpaceX lower at $1.22 trillion. Despite generating $18.67 billion in revenue in 2025, SpaceX reported a $4.28 billion loss in Q1 2026, partly due to its AI division. Black advises waiting for a significant price drop before considering investment.
D-Wave Quantum's Executive Vice President Sophie Ames sold $437,000 worth of shares as the company's stock surged following reports of potential CHIPS Act funding for quantum computing. The shares jumped 7.81% in after-hours trading, continuing a str...
Walmart absorbed a $175 million increase in fuel costs during Q1 to protect customers from price hikes, aiming to build long-term loyalty despite short-term profit pressure. CFO John David Rainey emphasized this strategy helped Walmart achieve its st...
The global drone service market, valued at $32.72 billion in 2025, is projected to grow to $256.09 billion by 2034, with a compound annual growth rate (CAGR) of 25.69%. Growth is driven by rising adoption in commercial, industrial, and defense sector...
Renault Group successfully issued Samurai bonds totaling 159 billion yen in two tranches, one for retail investors (100 billion yen) and one for institutional investors (59 billion yen), both maturing in 2030 with a 3.02% coupon. This marks Renault's...
Renault Group has successfully issued dual-tranche Samurai bonds totaling ¥159 billion, with a retail tranche of ¥100 billion and an institutional tranche of ¥59 billion, both maturing in 2030 with a 3.02% coupon. This marks the first time Renault ha...
