SpaceX’s upcoming IPO could raise $75 billion at a $1.75‑$2 trillion valuation, making it the largest listing ever. Retail traders say the colossal price tag is hard to justify, fearing hype‑driven spikes and a lack of profitability. Many plan to wait for a pullback before considering a stake.
Exxon senior VP Neil Chapman said global oil stockpiles are weeks away from record lows, warning that a supply crunch could trigger a sharp price surge. He projected physical Brent crude could climb to $150‑$160 a barrel if inventories run out, underscoring the need for added supply.
The SEC approved Nasdaq’s plan to list cash‑settled binary contracts tied to the Nasdaq‑100 and its micro‑index. The $100 fixed‑payout options let traders bet on whether the index ends above or below a set level, marking a major move by traditional exchanges into prediction markets alongside Cboe.
SpaceX’s S‑1 shows $18.7 billion revenue for 2025, with a $1.75‑$2 trillion target valuation that translates to roughly a 93‑times price‑to‑sales multiple. The analysis highlights the massive scale of the IPO and the heavy losses from its AI segment.
A network of aging, flag‑of‑convenience tankers performs clandestine ship‑to‑ship transfers in international waters, allowing Iran to sell billions of dollars of crude to China despite U.S. sanctions. The shadow fleet’s opaque ownership and AIS spoofing keep the oil flowing and fund roughly 45% of Tehran’s budget.
Costco reported fiscal Q3 net income of $2.19 billion and an 11.6% jump in sales to $69.15 billion, driven by 9.8% comparable‑sales growth, record gasoline volumes and a 21.5% rise in digitally enabled sales. Membership fees rose 10.7% as paid members hit 82.9 million, underscoring solid loyalty despite a muted stock reaction.
Elliott Management revived Barnes & Noble by giving store managers autonomy, shrinking store footprints, and displaying books face‑out in "pyramid" layouts. CEO James Daunt’s radical approach has turned the struggling retailer into a rare private‑equity success story.
At his confirmation hearing, Fed Chair Kevin Warsh urged the central bank to prioritize the trimmed‑mean inflation metric, which strips out extreme price moves, over the traditional core CPI. He argues it offers a clearer view of underlying price pressures and could reshape future rate policy.
Reuters reports U.S. labor's share of national income fell to 53.8%, the lowest since records began, while corporate profits continue to climb. Productivity gains from AI are unlikely to boost workers' slice, raising concerns for consumer spending and economic inequality.
Honeywell-backed Quantinuum plans to raise about $1.05 billion by selling roughly 21 million shares at $45‑$50 each, seeking a valuation of up to $12.7 billion in its U.S. IPO. The offering follows heightened investor interest in quantum computing and recent government equity stakes in the sector.
Dell Technologies' stock surged 30% after it reported AI server revenue of $16.1 billion, overtaking its PC business for the quarter. The earnings beat highlights a rapid shift to CPU‑heavy AI servers, boosting the company's market value by an estimated $62 billion.
Nokia’s optical networking gear is gaining traction in AI data centers, driving the share up over 140% this year and pushing its forward P/E to about 36×. The rally follows its Infinera acquisition and a $1 billion Nvidia investment, positioning the telecom‑hardware firm as a potential AI‑infrastructure play.
A recent analysis argues that Wolfspeed (WOLF), once a meme‑stock that filed for bankruptcy, now holds critical silicon‑carbide technology that can solve the power‑grid bottleneck for AI data‑centers. The blog highlights the company's 3.3 kV SiC modules and solid‑state transformers as a cheap, high‑growth asset.
In his May 2026 spring presentation, analyst Benedict Evans outlines how AI will become a universal catalyst, reshaping business models across all sectors. He highlights a dramatic shift in capital allocation toward AI‑enabled firms and argues that investors must view AI as the next engine of growth.
You’re caught up.
That was all 14 stories in the 31 May issue.