News & Updates
The latest news and updates from companies in the WLTH portfolio.
News Explorer -- Polymarket Is Getting a Big Upgrade -- Including Its Own Stablecoin
Polymarket Is Getting a Big Upgrade -- Including Its Own Stablecoin Polymarket is undergoing a significant upgrade, introducing a new order book and its stablecoin, Polymarket USD, as collateral. The changes will require a brief period of canceling open orders, with advanced notice provided to traders. Advanced users may need to update their software development kits for the new order book structure.
Anthropic Expands Use of Google Cloud and TPUs
Latest expansion will provide Anthropic with multiple gigawatts of TPU capacity SUNNYVALE, Calif., April 6, 2026 /PRNewswire/ -- Anthropic today announced an expansion of its use of TPU chips and cloud services, as it scales its development of foundation models, agents, and enterprise applications. The expansion will provide Anthropic with multiple gigawatts of TPU capacity, expected to come online starting in 2027. This capacity expansion will be delivered through Google Cloud services, as well as access to Google-built TPUs supplied through Broadcom. The additional TPU capacity will support rapidly scaling needs for Anthropic's models. Anthropic also continues to grow its use of Google Cloud's broader cloud and AI solutions, including BigQuery, Cloud Run, AlloyDB, and others, which together help power Anthropic's data, AI development, and applications. Today, thousands of customers access Claude models through Google Cloud, including Coinbase, Cursor, Palo Alto Networks, Replit, and Shopify. About Google Cloud Google Cloud is the new way to the cloud, providing AI, infrastructure, developer, data, security, and collaboration tools built for today and tomorrow. Google Cloud offers a powerful, fully integrated and optimized AI stack with its own planet-scale infrastructure, custom-built chips, generative AI models and development platform, as well as AI-powered applications, to help organizations transform. Customers in more than 200 countries and territories turn to Google Cloud as their trusted technology partner. View original content to download multimedia:https://www.prnewswire.com/news-releases/anthropic-expands-use-of-google-cloud-and-tpus-302735047.html
Polymarket To Replace USDC.e With USDC-Backed Token In Exchange Upgrade
Polymarket is upgrading its exchange infrastructure in the coming weeks, introducing new contracts and a USDC-backed token while phasing out a bridged stablecoin. Prediction platform Polymarket is overhauling its exchange infrastructure in the coming weeks, introducing a new collateral token and upgraded trading system that give the platform greater control over settlement and risk as it moves toward closer alignment with US regulatory expectations. In an announcement on Monday, Polymarket said it will deploy new exchange contracts -- dubbed version 2 -- designed to simplify how orders are structured and matched. The upgrade is intended to make trading more efficient and to make it easier for developers to connect apps and trading bots to the platform. The new system will also support EIP-1271, an Ethereum standard that allows smart contract-based wallets, such as multisigs and automated trading systems, to sign transactions, expanding compatibility beyond traditional wallets. A central component of the upgrade is the introduction of Polymarket USD, a new collateral token that will replace USDC.e, the bridged version of USDC (USDC) previously used on the platform. The new token is fully backed 1:1 by USDC, giving Polymarket more direct control over its settlement layer while reducing reliance on bridged assets. For most users, the transition will be handled automatically through the platform's interface, requiring only a one-time approval. The upgrade is expected to roll out over the next few weeks, though the company has not provided a specific timeline. Related: NYSE parent ICE completes new $600M investment in Polymarket The move follows Polymarket's broader efforts to curb manipulation and insider-trading risks, as it seeks to strengthen market integrity and align more closely with US regulatory standards. In November, Polymarket received approval from the Commodity Futures Trading Commission to operate an intermediated trading platform in the United States, clearing the way for its return after previously exiting the market. Following that approval, Polymarket said it plans to onboard brokers and customers directly and facilitate trading through regulated US venues. Interest in prediction markets has continued to grow, with users increasingly turning to these platforms to trade on real-world outcomes tied to politics, markets and policy. Industry data shows Polymarket's fee revenue increasing in recent weeks after the platform expanded trading fees.
Iran becomes the "grave" of the United States: The great slaughter of American soldiers begins - Hecatombs of dead and global chaos
The first losses already shock the world, while forecasts speak of hecatombs of dead Tension in Iran has reached the red, as American forces prepare a relentless ground operation. The first losses already shock the world, while forecasts speak of hecatombs of dead. The prospect of global chaos no longer seems distant. Specifically, on Wednesday night, Moscow time (Tuesday night in the US), according to the American president, things in Iran are expected to become very dangerous. Verbatim, Donald Trump wrote on Twitter: "Open the damn Strait, crazy bastards, or you will go to hell!" Judging by the number of American troops gathered near the Iranian borders, more than fifty thousand, it appears that military action will not be limited to aerial bombardments. The Pentagon is planning a ground operation. However, from the beginning questions arose, as the actions of the American military so far appear to be rather problematic. Over the last two days, the Americans were trying to locate their pilot, who ejected from an aircraft shot down by the Iranians. In the end, they managed to save him. But at what cost? Crushing defeat Ten American aircraft and helicopters were destroyed during the two day operation "Saving Private Ryan" in Isfahan. Israel also lost another Hermes 900. "WE FOUND HIM! My fellow Americans, in the last hours the Armed Forces of the United States carried out one of the most daring search and rescue operations in the history of our nation, in order to rescue one of our outstanding officers, a respected colonel. I am pleased to announce that he is safe and sound! This brave warrior was behind enemy lines, in the dangerous mountains of Iran, pursued by our enemies, who were getting closer and closer as time passed. However, he was never truly alone, as his superior, the Secretary of Defense, the Chairman of the Joint Chiefs of Staff and his fellow officers were monitoring his location around the clock and planning his rescue with precision. We truly have the best, most professional and most powerful military in the history of the world." With this unusually triumphant and rather pompous message on social media, President Donald Trump commented on the Pentagon report last weekend, announcing the completion of an extremely dangerous rescue operation of two crew members from a US F-15E Strike Eagle fighter aircraft, which was shot down over Iran on Friday. Let us see, however, what really happened before the eyes of the entire world. First and perhaps most important, the losses suffered by "the best, most professional and most lethal army in global history" during this operation, which lasted almost two days. According to Military Watch, the efforts to rescue the two crew members of the F-15E led to unprecedented losses for the US Air Force since the end of the Cold War. The Pentagon reportedly lost ten aircraft and helicopters over the mountainous and desert area near Isfahan. Israel also lost in the same area another extremely expensive strategic reconnaissance drone of the Hermes 900 type. The course of this large and dangerous search and rescue operation, deep inside Iran, reminiscent of a "Saving Private Ryan" scenario, unfolded as follows: Immediately after the crash of the F-15E and the successful ejection of the pilot and navigator, the United States, according to established procedures, sent a search and rescue team to the area. This force included an A-10C Thunderbolt II attack aircraft (Warthog), HH-60W Jolly Green II helicopters, an HC-130J Combat King aircraft with special forces, as well as reconnaissance aircraft and MQ-9 unmanned aerial vehicles, among other assets. These forces almost immediately located and extracted the pilot of the F-15E from enemy territory. However, a fierce clash followed between the rescue forces and armed units of the Iranian Basij militia for the location of the navigator. The local population also participated in the search, as Tehran offered a reward of 60,000 dollars for the capture of the American officer. The stakes were extremely high. If Iranian forces managed to capture the officer and present him publicly, this would constitute a serious blow to the morale of American public opinion and would significantly strengthen the already growing anti war movement in the United States, with unpredictable political consequences for Donald Trump himself and the Republican Party as a whole. According to the command of the American Army, the fighter pilot, who was injured during his ejection, managed to find shelter in a crevice of the mountain. The beacon he carried allowed CIA operators to continuously track the location of the trapped colonel and guide special forces helicopters to the point. However, in their attempt to locate a suitable landing site, the helicopters were forced to fly for long periods at extremely low altitudes, receiving fire from Persian small arms and portable anti aircraft systems (MANPADS) from the ground. In addition, the HH-60W Jolly Green II and HC-130J Combat King were repeatedly refueled in flight by tanker aircraft, directly over Iranian territory. According to the New York Times, while all this was unfolding near Isfahan, several MC-130J transport aircraft of the US Air Force, accompanied by reserve forces, managed to land in another area, at a location that the newspaper described as a "forward airfield." However, this location was also in enemy territory. During their stay on the ground, these aircraft, together with the accompanying MH-6M helicopters of the 160th Special Operations Aviation Regiment of the US Army, likely received mortar and rocket fire. They suffered severe damage and were no longer able to take off. Subsequently, according to the New York Times, three more MC-130J arrived at the same "forward airfield" in order to pick up the trapped American troops. Whether all were evacuated remains unclear. The Pentagon, as usual, does not disclose its losses. However, it confirms that the MC-130J and the helicopters that were damaged at the "forward airfield" were destroyed by the Americans themselves so that they would not fall into the hands of the Iranians as spoils. While the clashes on the ground continued, Persian air defense shot down an A-10C Thunderbolt II attack aircraft. Another "Warthog" suffered severe damage but managed to return to friendly forces. Overall, during the short search and rescue operation, the United States and Israel suffered the following irreparable losses: one F-15 Strike Eagle, one A-10 Thunderbolt II, two HC-130J Combat King II, two MQ-9 Reaper, one Hermes 900, two UH-60 Black Hawk and two MH-6 Little Bird. This alone, one would think, would be enough to temper Donald Trump's enthusiasm regarding the war achievements of the "most lethal army in the world." However, this did not happen, it seems that excessive confidence is difficult to restrain. At the same time, the American military should have realized a critical fact, statements about the complete destruction of Iranian air defense are, at best, exaggerated. Otherwise, how can the destruction of so many aircraft in such a short time near Isfahan be explained? Most likely, a significant role was played by a new and particularly effective Iranian anti aircraft weapon, the Izdeliye-358 missile, known in Iran as Saqr-1. This system combines characteristics of a surface to air missile and a loitering munition, offering increased operational capabilities and simplifying its use by crews. It is a relatively light and simple weapon, suitable even for guerrilla warfare operations. It has two engines, an initial booster that accelerates the missile to a speed of about 600 m/s, and a second sustaining engine that allows it to remain in the air performing maneuvers, for example in a figure eight pattern, for up to 15 minutes, waiting for a target. Its range is estimated between 10 and 50 to 100 kilometers, depending on the flight profile. Its total length is about 2.75 meters and its weight around 50 kilograms. It has an autonomous guidance system with an infrared seeker, while its course is controlled by an onboard autopilot. One of its main advantages is that it does not require complex ground control systems, a simple launcher and a control panel are sufficient for its operation. In addition, it can be easily transported by almost any vehicle, which makes its complete neutralization extremely difficult. It is easy to imagine how effective such a system could be in countering attacks by unmanned aerial vehicles. With timely procurement, it could significantly strengthen the defense of critical infrastructure. Once an approaching enemy UAV is detected, the crew could immediately launch the system, leaving the automatic guidance system to handle interception of the target. It is worth noting that Tehran had presented the Saqr-1 to the then Russian Minister of Defense Sergei Shoigu, with an obvious intention of cooperation. However, it seems that due attention was not given, something that today raises reasonable thoughts. Especially if the losses suffered by the United States in the recent operation near Isfahan are taken into account. Incidentally, photos of the rescued pilots have been published, but their names have not been made public. A ground operation in such an extensive, hostile and mountainous country would inevitably be accompanied by heavy human losses. Now, American media cite Pentagon sources describing various plans, either the seizure of the islands and coastal territories of the Strait of Hormuz, or the seizure of Kharg island, the main oil hub of Iran, or the seizure of nuclear facilities and removal of enriched uranium. In every scenario, American troops would be defenseless against numerous drones and missiles. Whether landing, deploying logistics, or conducting an attack, at any moment they would be live targets, against which the IRGC would not hesitate to launch all available munitions. For the first time in many years, the Pentagon is attempting an invasion of a country that is not fragmented by internal conflicts and out of control, but is organized and united by hatred toward invaders. As a result, American paratroopers will experience a real bloodbath. This prospect does not inspire enthusiasm among the average American. They are not accustomed to the idea that "their boys" not only kill, but also die. The Intercept has already published an exposé showing that US Central Command underestimates and conceals the real losses among troops, making optimistic reports of 13 dead and hundreds wounded in Iran unreliable. Former Trump adviser Steve Bannon warns grimly: "It is time for the American people to wake up and realize a harsh reality, when you decide to risk everything by going to war, people will die." Weak countries After the Vietnam War, the American military mainly attacked weak countries, often amid civil wars. American soldiers could torture and execute local populations en masse without fear of retaliation. The worst they could do was drink themselves to death or commit suicide, suffering from post traumatic stress disorder, once they returned home from another mission. In Iran, the situation will be different, and the US President himself, together with the "hawks" of his circle, will be considered responsible for the deaths of Americans in the most unpopular war of recent decades. Facing a strong opponent, experienced in asymmetric strategies and fully aware of all trends of modern warfare, the American military is doomed to defeat. American soldiers have become hostages of the situation, their generals know only the old way of fighting. But Hollywood fairy tales do not help when a Black Hawk crashes. Meanwhile, even a US ground operation would not be catastrophic for Iran. Even Western analysts are forced to admit that military actions have consolidated the Iranian people and strengthened the Iranian state. Control of the Strait of Hormuz and increased high priced oil sales bring steadily increasing revenue to the country. Paradoxically, the brutal aggression of the United States and Israel reversed the country's negative trends and allowed its rebirth. Tehran has already made it clear to its neighbors that, after the war, it will be the main guarantor of regional security. Even Foreign Affairs acknowledges that Iran "will emerge from the crisis stronger, both economically and politically." It turns out that, in an attempt to destroy its opponents, Washington is creating new centers of power with its own hands. "Have we ever had a war," asks Farid Zakaria, "that has brought us so many losses for so little gain?" Indeed, I do not remember anything similar. But the greatest losses have not yet come.
Broadcom agrees to expanded chip deals with Google, Anthropic
Broadcom CEO Hock Tan speaks at the digital X event in Cologne, Germany, on September 13, 2022. Broadcom said Monday that it's agreed to produce future versions of artificial intelligence chips for Google, and the chipmaker signed an expanded deal with Anthropic that will give the AI startup access to about 3.5 gigawatts worth of computing capacity drawing on Google's AI processors. Shares of Broadcom rose 3% in extended trading. Google parent Alphabet's shares were unchanged. The disclosure in a securities filing underscores the surging demand for infrastructure that can run generative AI models. Anthropic's popularity has soared this year, with its Claude app becoming the top free U.S. app listed in Apple's App Store in February after a dispute between the company and the Pentagon became public. Broadcom CEO Hock Tan said in December that Anthropic had placed a $10 billion order for custom chips. Monday's filing did not contain a dollar amount. On an earnings call last month, Tan mentioned one gigawatt in Google chips for Anthropic in 2026 and three gigawatts in 2027.
CriticalRiver, Anthropic Announce Partnership
Hyderabad: Technology services firm CriticalRiver, which has its India development centre in Hyderabad, and Anthropic announced a partnership to help enterprises adopt and deploy Claude at scale, according to a release. Through the partnership, CriticalRiver gains access to Anthropic's Partner Portal, Anthropic Academy training materials, support, and the first Claude technical certification. For CriticalRiver's customers, this translates into deeper implementation expertise and faster deployment. "This infrastructure is built so that any firm, at any scale, can build a Claude practice. Our partners are instrumental in getting enterprises from proof of concept to production with Claude," said Steve Corfield, head of global business development and partnerships at Anthropic. "Our partnership with Anthropic is a step in CriticalRiver's evolution as an agentic enterprise enabler," said Anji Maram, founder and CEO, CriticalRiver.
Will the SpaceX IPO Be Bad News for Tesla's Stock?
Tesla has been struggling to generate much growth in recent years, and frustrated investors may ditch the stock. The SpaceX IPO is coming this year, and it could easily be one of the hottest new stocks to own, especially for Elon Musk fans. The company might be valued at $1.75 trillion, which analysts believe could be justifiable due to the company's robust Starlink satellite business and the recurring revenue it generates. There will undoubtedly be plenty of excitement around the new IPO, which could come as early as this summer. But could the IPO be bad news for another popular Musk stock -- Tesla (NASDAQ: TSLA)? Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue " Image source: Getty Images. A big reason Tesla has commanded a massive valuation of its own is not only the long-term hope for its business's continued growth, but also the investment in Musk's vision, which goes beyond electric vehicles (EVs), which make up the lion's share of Tesla's revenue today. At $1.3 trillion, Tesla is one of the most valuable companies in the world, but it would still be much smaller in size than SpaceX's rumored valuation. However, Tesla's price tag remains fairly high given its level of earnings; its price-to-earnings multiple is around 320. Investors will get a better idea of how expensive SpaceX is when its financials are released. Musk's followers might not be as willing to own Tesla stock if there's a more attractive growth stock to own in the way of SpaceX. In 2025, Tesla's revenue declined by 3%, and the top line rose by only 16% over the span of three years. Growing competition in the EV space has led to tighter margins and worsening prospects for earnings growth in the future. Pivoting to a more promising company in SpaceX could indeed motivate investors to ditch their Tesla shares once and for all. Thus far in 2026, shares of Tesla have fallen 22% and are down 30% from their 52-week highs. The company recently fell short of analyst expectations for deliveries during the first quarter, which has given investors yet another reason to be bearish on the EV stock. Between a high valuation, troubling financial results, and concerning industry conditions, multiple factors could weigh on the stock as the year goes on. The SpaceX IPO could give investors even more incentive to sell Tesla shares this year. Unfortunately, with Tesla's high valuation, there's significant downside risk to its stock, which is why I'd be wary of buying it at its current price. Even though it has fallen significantly in value this year, I wouldn't be surprised to see Tesla's stock fall further in the weeks and months ahead. Ever feel like you missed the boat in buying the most successful stocks? Then you'll want to hear this. On rare occasions, our expert team of analysts issues a "Double Down" stock recommendation for companies that they think are about to pop. If you're worried you've already missed your chance to invest, now is the best time to buy before it's too late. And the numbers speak for themselves: Right now, we're issuing "Double Down" alerts for three incredible companies, available when you join Stock Advisor, and there may not be another chance like this anytime soon. David Jagielski, CPA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Tesla. The Motley Fool has a disclosure policy.
Will the SpaceX IPO Be Bad News for Tesla's Stock? | The Motley Fool
Tesla has been struggling to generate much growth in recent years, and frustrated investors may ditch the stock. The SpaceX IPO is coming this year, and it could easily be one of the hottest new stocks to own, especially for Elon Musk fans. The company might be valued at $1.75 trillion, which analysts believe could be justifiable due to the company's robust Starlink satellite business and the recurring revenue it generates. There will undoubtedly be plenty of excitement around the new IPO, which could come as early as this summer. But could the IPO be bad news for another popular Musk stock -- Tesla (TSLA 2.16%)? A big reason Tesla has commanded a massive valuation of its own is not only the long-term hope for its business's continued growth, but also the investment in Musk's vision, which goes beyond electric vehicles (EVs), which make up the lion's share of Tesla's revenue today. At $1.3 trillion, Tesla is one of the most valuable companies in the world, but it would still be much smaller in size than SpaceX's rumored valuation. However, Tesla's price tag remains fairly high given its level of earnings; its price-to-earnings multiple is around 320. Investors will get a better idea of how expensive SpaceX is when its financials are released. Musk's followers might not be as willing to own Tesla stock if there's a more attractive growth stock to own in the way of SpaceX. In 2025, Tesla's revenue declined by 3%, and the top line rose by only 16% over the span of three years. Growing competition in the EV space has led to tighter margins and worsening prospects for earnings growth in the future. Pivoting to a more promising company in SpaceX could indeed motivate investors to ditch their Tesla shares once and for all. Thus far in 2026, shares of Tesla have fallen 22% and are down 30% from their 52-week highs. The company recently fell short of analyst expectations for deliveries during the first quarter, which has given investors yet another reason to be bearish on the EV stock. Between a high valuation, troubling financial results, and concerning industry conditions, multiple factors could weigh on the stock as the year goes on. The SpaceX IPO could give investors even more incentive to sell Tesla shares this year. Unfortunately, with Tesla's high valuation, there's significant downside risk to its stock, which is why I'd be wary of buying it at its current price. Even though it has fallen significantly in value this year, I wouldn't be surprised to see Tesla's stock fall further in the weeks and months ahead.
Musk Reportedly Demands SpaceX IPO Investors Buy Grok Subscriptions, Advertise On X
* by Colin Kirkland , 35 minutes ago Days after Elon Musk was According to The New York Times, which spoke with four unnamed sources familiar with the matter, some of the banks behind the IPO have already agreed to spend tens of millions of dollars on Grok subscriptions and services, while even integrating the chatbot into their IT systems. SpaceX -- which acquired both xAI and X in February, forming a $1 trillion ecosystem dedicated to building AI infrastructure -- is expected to lead the largest initial public offering in history, with an evaluation as high as $1.75 trillion. As a result, the IPO could raise over $50 billion for SpaceX, generating over $500 million for the banks committed to investing in the deal, which may include Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley, as well as law firms Gibson Dunn and Davis Polk. Therefore, Musk is reportedly making demands that would benefit two initiatives that have faced both regulatory hurdles and financial pitfalls: xAI's Grok chatbot, which is currently facing multiple legal investigations due to the alleged unlawful processing of personal data and harmful sexualized content generation; and X, a social platform that has struggled since Musk's Twitter takeover four years prior. In addition to demanding banks' investment in Grok, The New York Times also reports that Musk has asked IPO investors to advertise on X "but was less adamant about that request." To boost the popularity of Grok and compete with AI giants like OpenAI, Meta, Google, and Anthropic, Musk has posted consistently about the SpaceX-owned chatbot on X. Last month, X also began experimenting with a new ad product on the social platform by testing promotions for SpaceX's highly profitable Starlink internet service directly in X posts.
Brighton Seafront Braces for Traffic Chaos This Easter Sunday
Two of Brighton's biggest city centre car parks will shut their gates this Easter Sunday, sparking fears of gridlock across the seafront and surrounding roads. Churchill Square dropped a bombshell late on Saturday: "Due to emergency maintenance works, both car parks (Red Car Park and Green Car Park) will be closed from Saturday 4th April 10pm and throughout Easter Sunday." This closure hits smack in the middle of one of the busiest weekends of the year, with thousands flocking to Brighton's coast for the holiday. With very limited alternative parking options nearby, clueless drivers could make traffic nightmares even worse. Expect major tailbacks along the seafront, surrounding streets, and key city entry points as desperate motorists hunt down scarce parking or face forced diversions. With warm weather on the cards and holiday crowds swelling, Brighton faces a bumper Easter weekend -- and trouble on the roads is all but guaranteed. Drivers are advised to think twice before hitting the road, seek alternatives, and brace for delays while the city's two biggest car parks stay closed. We are your go-to destination for breaking UK news, real-life stories from communities across the country, striking images, and must-see video from the heart of the action. Follow us on Facebook at for the latest updates and developing stories, and stay connected on X (Twitter) the for live coverage as news breaks across the UK. SIGN UP NOW FOR YOUR FREE DAILY BREAKING NEWS AND PICTURES NEWSLETTER Your information will be used in accordance with our Privacy Policy
Is SpaceX Worth $2 Trillion? Key Questions for Musk's Big IPO
In the seven and a half years since Apple Inc.'s market capitalization broke through the $1 trillion mark, investors have become accustomed to seeing big tech companies command 13-digit valuations in public markets. There are more on the way. SpaceX, the space exploration company controlled by Tesla Inc. founder and world's richest man Elon Musk, has signaled it is planning a mega-initial public offering in the coming months. Artificial intelligence rivals OpenAI and Anthropic also might go public this year, and their private valuations already have soared into the hundreds of billions of dollars.
Fluor Enters Contract With X-Energy for Texas Nuclear Project
This super composite rating is the result of a weighted average of the rankings based on the following ratings: Fundamentals (Composite), Global Valuation (Composite), EPS Revisions (1 year), and Visibility (Composite). We recommend that you carefully review the associated descriptions. This composite rating is the result of an average of the rankings based on the following ratings: Fundamentals (Composite), Valuation (Composite), Financial Estimates Revisions (Composite), Consensus (Composite), and Visibility (Composite). The company must be covered by at least 4 of these 5 ratings for the calculation to be performed. We recommend that you carefully review the associated descriptions.
Fluor signs contract with X-energy for advanced nuclear project in Texas
This super composite rating is the result of a weighted average of the rankings based on the following ratings: Fundamentals (Composite), Global Valuation (Composite), EPS Revisions (1 year), and Visibility (Composite). We recommend that you carefully review the associated descriptions. This composite rating is the result of an average of the rankings based on the following ratings: Fundamentals (Composite), Valuation (Composite), Financial Estimates Revisions (Composite), Consensus (Composite), and Visibility (Composite). The company must be covered by at least 4 of these 5 ratings for the calculation to be performed. We recommend that you carefully review the associated descriptions.
Is SpaceX Worth $2 Trillion? Key Questions for Musk's Big IPO
In the seven and a half years since Apple Inc.'s market capitalization broke through the $1 trillion mark, investors have become accustomed to seeing big tech companies command 13-digit valuations in public markets. There are more on the way. SpaceX, the space exploration company controlled by Tesla Inc. founder and world's richest man Elon Musk, has signaled it is planning a mega-initial public offering in the coming months. Artificial intelligence rivals OpenAI and Anthropic also might go public this year, and their private valuations already have soared into the hundreds of billions of dollars. SpaceX has boosted its target valuation to more than $2 trillionBloomberg Terminal for an IPO that could raise as much as $75 billion, Bloomberg News has reported. Whether public-market investors will be prepared to buy shares supporting that valuation remains to be seen. Get the Markets Daily newsletter. Get the Markets Daily newsletter. Get the Markets Daily newsletter. What's happening in stocks, bonds, currencies and commodities right now. What's happening in stocks, bonds, currencies and commodities right now. What's happening in stocks, bonds, currencies and commodities right now. Plus Signed UpPlus Sign UpPlus Sign Up By continuing, I agree to the Privacy Policy and Terms of Service. SpaceX has morphed from a relative underdog in the space industry to an aerospace behemoth that receives billions of dollars in government contracts and serves as a backbone for the US space program. In addition to its rocket launch business, SpaceX owns a satellite-based internet broadband service, Starlink, that has become the company's main cash flow generator. Following an all-stock acquisition in February of xAI, SpaceX also owns Grok, a money-burning AI operation whose flagship product is the Grok AI assistant. X, the microblogging site previously known as Twitter, rounds out its portfolio of businesses. A SpaceX IPO would be a huge market spectacle as investors get a chance to buy into Musk's fast-evolving vision to create a combined space and AI powerhouse. Yet skeptics say investors might worry that Musk will deplete SpaceX, a company that is the clear leader in its industry, to fund xAI, one of many players in a crowded field. Why is SpaceX planning an IPO? Even though SpaceX is believed to have significant cash flow, largely from Starlink, the company would require a lot more money to fund its biggest ambitions. In an employee memo in December reported by Bloomberg, SpaceX said IPO proceeds would fund the ongoing development of the Starship rocket, AI data centers in space and a base on the Moon. SpaceX could opt to continue raising capital in private markets rather than going public. But SpaceX's funding needs appear to have risen substantially with the acquisition of xAI, which is burning through around $1 billion of cash per month to cover the cost of computing infrastructure including training its AI models, according to people briefed on the company's financials. In addition, being a public company with the ability to tap the broader market for funds could help SpaceX's AI business to raise money faster than rivals OpenAI and Anthropic PBC before they go public themselves, as they all spend hundreds of billions of dollars on their AI dreams. What valuation and deal size is SpaceX targeting? A listing for SpaceX would raise as much as $75 billion, which would shatter the previous record set by Saudi Aramco's $29.4 billion listing in 2019. SpaceX is targeting a valuation in the IPO of more than $2 trillion. That amounts to a nearly two-thirds increase in SpaceX's valuation in a matter of months. (Musk appeared to push back on the $2 trillion target in an April 3 X post, saying "don't believe everything you read.") The big question is whether that valuation can really be sustained in public markets. Analysts value companies based on their future earnings and growth, as well as industry competition and profit margins. Yet valuation isn't a science. Especially in bullish market conditions, investors are sometimes prepared to pay up for a company's shares based on something other than financial fundamentals. Some might see the seemingly vast potential of SpaceX's space businesses as justifying a higher price than the company's current financials would ordinarily support. But the challenges surrounding the xAI business could dampen the appeal. Are there pitfalls to going public? For SpaceX, the downside of having an IPO is that the company will have to publicly report its financials every quarter and answer to Wall Street analysts and public investors. Its plans also could be disrupted if its stock price is volatile or falls sharply in reaction to bad news. What's the IPO timeline? SpaceX has filed confidentially for an IPO that could take place in June, Bloomberg News reportedBloomberg Terminal. A confidential filing starts a process at the Securities and Exchange Commission that typically takes two to three months, assuming there are no major holdups. Following this review, the company normally will file the document publicly. The public filing, which would lay out all of SpaceX's financials in public for the first time, starts a 15-day public viewing period. After that concludes, the company will undertake a formal marketing exercise to sell shares, usually within a set price range but before the final price is set. Who gets in? Once the price range is set, banks will take orders for shares from institutional investors. At the same time, ordinary investors will be able to put in orders via brokers affiliated with the banks. Some of the millions of so-called retail investors who are users of popular trading platforms like Robinhood Markets Inc. and SoFi Technologies Inc. will likely be able to put orders in directly through their platforms, though for hot IPOs, allocations for such investors can be scant. The day before the shares begin to trade, SpaceX and the banks will agree on a final share price that initial investors will pay and on how many shares will be sold. In deciding that price, SpaceX and the banks will have to balance what's best for existing shareholders, who want to limit seeing their stakes shrink from the issuance of too many shares, and new investors who want access to shares. Once pricing is decided, the shares will begin trading the next day. How is Wall Street preparing? The sheer size of the offering, unprecedented for Wall Street, has bankers lining up to help SpaceX go public, and most of the big Wall Street banks will be involved in some way. The real prestige for financial institutions, though, comes from leading the offering and being involved in key decisions such as marketing, pricing and allocations. At this stage, five of the big banks -- Bank of America Corp., Citigroup Inc., Goldman Sachs Group Inc., JPMorgan Chase & Co. and Morgan Stanley -- are confirmed to be the primary banks involved in the offering, but their exact roles aren't clear. How does the xAI acquisition affect a potential SpaceX IPO? Not everyone is pleased that SpaceX has opted to buy xAI ahead of the IPO. That's because xAI is burning a lot of cash, potentially diluting the appeal of SpaceX's core businesses, especially Starlink. Investors who thought they owned a space company now have a big exposure to AI, and for those with a bearish take on the sector, they suddenly would be shouldering another potential loser from the high-stakes race to dominate that business. If SpaceX is viewed as an unwieldy conglomerate, it might translate into a lower valuation than the company is hoping for. For his part, Musk believes having a business that now spans rockets, space-based internet, AI and social media constitutes a "vertically integrated innovation engine," specifically helping it pursue the business opportunity of building data centers in space. Putting all the businesses under one roof would constitute a unique proposition, according to one Pitchbook analyst: "The combination of Starlink's subscriber growth, launch dominance, and the direct-to-cell buildout is a profile that doesn't exist anywhere else in public markets." How would a SpaceX IPO affect Musk's control of the company? Prior to the xAI acquisition, Musk owned less than half of the shares in SpaceX after countless private funding rounds that have brought in outside investors, including Peter Thiel's Founders Fund, Fidelity Investments Inc. and Alphabet Inc. It isn't clear how much of SpaceX Musk owns after the xAI deal. SpaceX is weighing a post-IPO ownership structure that would allow insiders, potentially including Musk, to have near-total control of key strategic and corporate decisions. Investors enthralled by SpaceX's potential and Musk's track record likely aren't bothered by this, but it could present problems if something went wrong and investors were ever bold enough to want change at the helm. How will Musk pitch SpaceX to IPO investors? Central to the pitch is that SpaceX dominates the commercial space industry and has seemingly vast growth potential and links to industries such as defense and telecommunications. SpaceX also has a cash cow in Starlink, with its global high-speed internet service, and a massive competitive advantage in the rocket launch business. Tougher will be convincing investors that these businesses will also help SpaceX be a dominant player in AI. To get investors to buy into SpaceX's massive valuation, Musk will also look to tap into his cult status and track record with the many investors who profited from owning Tesla shares, which have surged around 3,000% in the past decade. For some potential IPO investors, that might be the best advertisement of all.
Polymarket to Launch Stablecoin, Order Book Overhaul in Prediction Market Upgrade - Decrypt
Polymarket also plans to launch its own native token, POLY, though no ETA has been announced. Prominent on-chain prediction market platform Polymarket is deploying a major upgrade to its technical foundations, including implementing a new order book and its own stablecoin for use as collateral on the platform. The firm is calling the upgrade its "biggest change to date." "We've heard your feedback, and we're excited to announce Polymarket is getting a full exchange upgrade," the prediction market posted on X. "Over the next few weeks, we're rolling out a rebuilt trading engine, upgraded smart contracts, and a new collateral token, Polymarket USD." The changes are expected to be implemented over the coming weeks, with a brief period requiring the cancellation of all open orders on the platform. However, the firm says it will give traders at least "a few days" of advanced notice prior to cancelling unfilled orders. "Our biggest infrastructure change since launch... faster execution, lower gas, and a cleaner foundation going forward," it said. While the firm doesn't expect a difficult transition for most prediction market users, builders, API-only traders, and power users may be more affected by the changes. For example, users running bots to trade on the markets will need to update their software development kits to enable trading with the new order book structure. Additionally, more advanced users may need to use a smart contract wrap function to move their USDC or USDC.e into the firm's new stablecoin and collateral token -- Polymarket USD.
Anthropic's Claude code leak: Should RIA firms and advisors be worried?
To recap: Anthropic, which has sought to distinguish itself from competitors with a reputation for safety, accidentally exposed the underlying instructions it uses to steer its Claude Code app last Tuesday. By Wednesday, representatives for the company had issued a copyright takedown request seeking to remove thousands of copies and adaptations of the raw instructions that had proliferated on GitHub, a popular code-sharing platform among developers. That request was later relaxed to cover just 96 copies and adaptations.
Nasty Easter Weekend Weather Leads To Chaos On Roads In Calgary Area
BERITAJA is a International-focused news website dedicated to reporting current events and trending stories from across the country. We publish news coverage on local and national issues, politics, business, technology, and community developments. Content is curated and edited to ensure clarity and relevance for our readers. Another outpouring snowfall, on pinch immoderate freezing rain, helped make for immoderate nasty driving conditions for galore confederate Alberta drivers connected the Easter weekend. Despite the time being a vacation for galore Albertans, Calgary constabulary responded to a full of 163 crashes, including 22 wounded collisions, betwixt midnight and noon connected Easter Sunday and 67 much crashes, including 3 pinch injuries, betwixt midnight and 8 a.m. connected Monday. A clang adjacent the intersection of Crowchild Trail and 16 Avenue Northwest resulted successful a conveyance tumbling disconnected the overpass onto the roadworthy below. Two group were sent to infirmary pinch superior injuries and constabulary were forced to unopen down some northbound and southbound Crowchild Trail for respective hours during the greeting rush, while emergency crews removed the vehicle, which was flipped complete connected its roof, from the roadway. Another bad crash, involving 4 vehicles astatine the intersection of 85 Street and 144 Avenue Northwest, sent 5 group to infirmary pinch non-life-threatening injuries and forced constabulary to temporarily unopen down 144 Avenue successful some directions betwixt 85 Street and Sarcee Trail. Many of the crashes happened while the Calgary area was nether some a freezing drizzle arsenic good arsenic a fog advisory for respective hours Monday morning, making roads and sidewalks highly slippery and reducing visibility. John Sibbins, a elder driving instruction pinch the Alberta Motor Association, said it's important for drivers to beryllium prepared for changing upwind astatine this clip of twelvemonth -- and thrust to the conditions. "People do person that cognition (that) I'm a bully driver. It's the different drivers connected the roadworthy that are causing collisions," said Sibbins. "So we person to return a measurement backmost if we're thinking, yes, I americium a bully driver, but what could I do to thief possibly different drivers connected the roads who aren't arsenic bully arsenic I am? What could I to thief support them safe connected the way arsenic well? So it's ever a lawsuit of making adjustments, accommodating, cooperating pinch different roadworthy users to do what you could to support everybody safe connected road," added Sibbins. While the snowfall whitethorn beryllium unwelcome for galore people, Global Calgary upwind master MacKenzie Mazankowski said it shouldn't travel arsenic a surprise. "In Calgary and overmuch of confederate Alberta, the snowiest clip of twelvemonth is really precocious wintertime into early outpouring alternatively than mid-winter." "March and April typically spot the highest snowfall totals, often about 17 to conscionable complete 20 cm each. That's because temperatures are still acold capable for snowfall but location is much moisture successful the air," said Mazankowski. "Early wintertime months for illustration November and December are besides comparatively snowy, while January and February are usually drier and nutrient little snowfall than galore group expect." Meanwhile, much snowfall is expected for Tuesday. "A fast-moving upwind strategy is processing today, bringing snowfall that will move eastbound crossed Alberta. The heaviest snowfall is expected farther north, about betwixt Peace River and Cold Lake, pinch about 10-15 cm possible, though amounts could alteration and whitethorn beryllium higher adjacent the B.C. border," said Mazankowski. "The forecast is uncertain about precisely wherever the heaviest snowfall will autumn and whether bursts of heavier snowfall could create (so) officials are holding disconnected connected expanding snowfall warnings for now. The Calgary region looks to beryllium getting the heaviest amounts Tuesday morning, though we're talking possibly a centimetre of snow." "Behind the system, a acold beforehand could bring short periods of aggravated snowfall, particularly successful the mountains, and beardown winds, pinch gusts up to about 70 km/h successful parts of cardinal Alberta and adjacent Pincher Creek," Mazankowski added. The large wind strategy is expected to move retired of the area precocious Tuesday and the somesthesia for Friday and Saturday successful Calgary is forecast to rebound into the mid-to-high teens.
Chaos as ITV dramatically disappears off air leaving viewers baffled
ITV News was plunged into chaos on Monday as the channel dramatically disappeared off the air leaving viewers baffled. The broadcaster was forced to issue a grovelling apology after its local news segments were interrupted. Viewers flooded social media earlier in the evening with reports that when they tried to watch the regional news they were met with simply an ITV logo bouncing across the screen in scenes reminiscent of the days of DVDs. ACcording to reports, the regional channels were down for around half an hour before jumping back in to action to air a re-run of The Chase. In one clip shared by a viewer, a presenter was heard saying: 'Apologies to some of you who may have had an issue during the regional news a few moments ago.' By 8pm normal scheduling appeared to resume with ITV confirming the news programmes would be available on demand. ITV was plunged into chaos on Monday as the channel dramatically disappeared off the air leaving viewers baffle ITV addressed the outage on social media as they wrote: 'Unfortunately we are currently experiencing difficulties with transmission associated with a central ITV outage across the UK. 'Our programme will be uploaded to our website as soon as possible which will provide our coverage of the day's news here in the Channel Islands.' ITV Granada took to their account on X, formerly Twitter, to apologise to viewers after the feed was interrupted. 'Apologies to viewers tuning in for our bulletin this evening - ITV has been experiencing technical problems and is working hard to fix the technical issues,' they wrote. Explaining the situation where they live, fans said: 'It went in the west country for 60 seconds at most. They did apologise before main news and before the chase for the issue. Had to re watch on +1 as I didn't notice the first time,'; 'Just showing this, then suddenly cut into the chase celebrity special,'; 'Itv granada not even showing a region logo, most boring region for breakdowns,'; 'Meridian was off air from 6.30 until 7,'; 'They must still be having problems as both sets of adverts have just been for programmes being shown on ITV,'; 'What's caused all the Technical Difficulties this evening on Itv 1 and did affect the itv channels,'; 'Looks like a full network breakdown on @ITV1 with no regional news bulletins across the whole of the UK including @GranadaReports, and with them unable to return back to national for @ITVNews. Anyone working in the Control Room this Easter Bank Holiday?'; ITV addressed the outage on social media as they wrote: 'Unfortunately we are currently experiencing difficulties with transmission associated with a central ITV outage across the UK' ITV addressed the outage on social media as they wrote: 'Unfortunately we are currently experiencing difficulties with transmission associated with a central ITV outage across the UK' Explaining the situation where they live, fans said: 'It went in the west country for 60 seconds at most' The regional channels that were off air included ITV Granada, Yorkshire, County Down, West Country, Tyne Tees, Meridian and Cymru. 'We didnt receive the news for ITV London. It was stuck on ITV1 then cut off to the weather,'; '@Ofcom I am being asked what trouble shooting I have done for a national network not broadcasting anything other than the screen grabs in earlier posts for 30 minutes. I'm stunned at the lack of awareness of the @ITV staff in the control rooms,'; 'I'm glad it wasn't just my TV playing up! Even changed the channel and went back and it was still there,'; 'I was on YouTube when it started (I went on during the Tipping Point Lucky Stars repeat) then was greeted by that the moment I returned to linear TV,'; 'No way! Mine too hence the "Bouncing DVD Style ITV logo" which I described. It even tried to pull the same stunt during one of the ad breaks for The Chase,'; 'Yeah before the Chase it was ITV regional news and then the Mayne evening news, but we didn't even get the evening news because they messed something up and all we got was silence and the ITV letters on screen What's happened to ITV? They're broadcasting a floating logo for ITV Westcountry instead of the evening news.
Fluor Signs Contract With X-Energy for Advanced Nuclear Project in Texas
Leaders from Fluor, X-energy, and Dow gathered at Fluor's offices in Houston to kick off the FEL-2 phase of X-energy's advanced nuclear project in Seadrift, Texas. The X-energy project proposes to develop four, 80-megawatt small modular reactor (SMR) units to supply Dow's Seadrift site with safe, reliable, carbon-free electricity and industrial steam, replacing aging energy and steam infrastructure. The project is supported by the U.S. Department of Energy's (DOE) Advanced Reactor Demonstration Program (ARDP), which accelerates the commercialization of advanced nuclear technologies through cost-shared partnerships with industry. A construction permit application was submitted in March 2025 and is currently being reviewed by the U.S. Nuclear Regulatory Commission. "X‑energy's technology offers a powerful pathway for small modular reactors to deliver safe, reliable and fit-for-purpose baseload power in an industrial setting," said Pierre Bechelany, Fluor's Business Group President of Energy Solutions. "With eight decades of nuclear experience, Fluor brings the proven expertise and disciplined execution required to help advance this landmark project." X-energy was selected by the DOE in 2020 to develop, license and build its XE-100 advanced SMR and a first TRISO-X fuel fabrication facility. Since then, the company has completed engineering and preliminary reactor design, advanced development and licensing of its fuel facility in Oak Ridge, Tennessee. The Seadrift project is expected to become the first grid-scale advanced nuclear reactor deployed to serve an industrial facility in North America. Dow's UCC Seadrift Operations span 4,700 acres and produce more than 4 billion pounds of materials annually for applications including food packaging, footwear, wire and cable insulation, solar cell components, and medical and pharmaceutical packaging. About Fluor Corporation Fluor Corporation (NYSE: FLR) is building a better world by applying world-class expertise to solve its clients' greatest challenges. Fluor's nearly 23,000 employees provide professional and technical solutions that deliver safe, well-executed, capital-efficient projects to clients around the world. Fluor had revenue of $15.5 billion in 2025 and is ranked 257 among the Fortune 500 companies. With headquarters in Irving, Texas, Fluor has provided engineering, procurement, construction and maintenance services for more than a century. For more information, please visit www.fluor.com or follow Fluor on Facebook, Instagram, LinkedIn, X and YouTube. #EnergySolutions View source version on businesswire.com: https://www.businesswire.com/news/home/20260406314695/en/
'In Musk we trust': Korean investors bet big on SpaceX IPO
Korean investors' love for Tesla is no secret. Since late 2020, the electric carmaker has remained their top overseas pick in terms of custody amount, even beating Nvidia despite the mega chip boom. Now, with Musk's aerospace company SpaceX slated for a public listing in June, they are showing renewed interest in the previously underrepresented aerospace sector. SpaceX -- the world's most prolific rocket launcher designed to send people to Mars and beyond -- has filed for an initial public offering (IPO), according to Bloomberg. The company is reportedly targeting a valuation of around $1.75 trillion, positioning it among the top six most valuable U.S. public companies alongside Apple and Nvidia. It could raise as much as $75 billion through the IPO. Ahead of the highly anticipated mega listing, retail investors are moving early, pouring more than 90 billion won ($60 million) in a single week into the only three exchange-traded funds (ETFs) tracking the U.S. aerospace sector -- one managed by Samsung Asset Management and the others by Hana Asset Management and Woori Asset Management -- on expectations that SpaceX will be included once it goes public. They net purchased 58.9 million won in Samsung's KODEX US Aerospace over the past week, nearly 30 percent of the company's ETF product tracking the Nasdaq 100, according to data provider ETF Check. "Ten years ago, investing in Tesla gave me the freedom to afford a car and a home," wrote an investor on Threads last week, sharing an account verified to have gained nearly 700 percent. "This time, no matter what, I won't miss out on SpaceX." Investors appear unfazed despite the space industry's structural risks, including financing challenges stemming from its capital-intensive nature -- risks made especially acute by inflationary pressures from the energy crisis, which could push interest rates higher and hurt the growth stocks. "With SpaceX going public in 2026 and various space projects by NASA and the U.S. government scheduled to take place, key U.S. space industry companies are expected to emerge prominently as global investment opportunities," said Kim Jae-im, an analyst at Hana Securities. NASA, for instance, successfully launched Artemis II on Wednesday -- its first astronaut mission to the vicinity of the moon since 1972. "While macro issues such as the conflict in Iran could increase volatility, the space industry is likely to remain a powerful investment theme over the coming years, offering ample opportunities for investors," Kim added. Reflecting an expected surge in demand, brokerages are racing to launch ETFs tracking aerospace companies, with plans to include SpaceX following its market debut. "SpaceX inclusion was built into the design when launching KODEX US Aerospace," said Choi Jong-su, a representative at Samsung Asset Management, about the U.S. aerospace ETF, which was launched last month. "We've structured the rules to allow SpaceX to be added to the index immediately once it goes public," Choi added, referring to the ETF's methodology, which states that the asset management company can review the inclusion of a newly listed company within the sector. In the third week since the launch, its asset under management sits at 251.5 billion won. Hana Asset Management similarly launched an ETF tracking U.S. aerospace companies in November of last year. Its assets under management have surpassed 580 billion won since the debut. Other asset management firms, including Mirae Asset Global Investments and KB Asset Management, said they are reviewing plans to launch U.S. aerospace-themed ETFs in the coming months. The renewed interest is expected to substantially expand the current lineup of just seven aerospace-themed ETFs -- still far fewer than the more than 60 chip-related ETFs currently available. "The listing of SpaceX, which would almost certainly rank among the top 10 U.S. companies by market capitalization, could create opportunities for many private aerospace firms -- both in the United States and abroad -- to secure higher valuations based on SpaceX as a peer benchmark, while also supporting their pursuit of an IPO," said Park Seung-jin, an analyst at Hana Securities, potentially broadening investment options for investors. Ahead of the SpaceX IPO, investors are also turning their attention to companies that have invested in the space firm, with analysts raising their target prices. Mirae Asset Securities, which invested roughly $278 million in SpaceX from 2022 through 2023 with Mirae Asset Capital in forms including funds, saw its share price jump 580 percent on year. With investor attention on SpaceX heating up, Yuanta Securities on Monday raised Mirae Asset Securities' target price by 12.9 percent to 83,000 won, saying there were "no concerns ahead of a SpaceX IPO." NH Investment & Securities also lifted its target price by 57 percent to 110,000 won in late March, citing strong expectations for returns from its SpaceX investment as a key driver. Korea Investment Partners, a local venture capital, has also invested $10 million in SpaceX shares from employees in a secondary market transaction, according to reports last year. "Many of Elon Musk's ideas were initially mocked -- such as Starlink, SpaceX and Neuralink -- but as each gradually becomes a reality, trust has been built," Park added, explaining the reason behind many Koreans' confidence in Musk's ventures. But that confidence isn't solely due to Musk's vision, but partly "reinforced by the learning effect from Tesla's success." BY JIN MIN-JI [[email protected]]
