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- Claim a stake in the hottest companies - BEFORE they strike it big
Fast-growing private companies such as Anthropic often deliver their biggest gains to wealthy early investors before they list, leaving ordinary investors out. Investment trusts, which are listed funds, can hold both listed and private companies as well as assets such as infrastructure, office blocks and windfarms. For example, Scottish Mortgage Trust first invested in SpaceX in 2018 with £150 million, and that stake grew to about £3.8 billion by the time SpaceX listed in June; the trust also holds Anthropic. Anthropic is set to list on Nasdaq as early as next month, with valuations suggesting it could be worth as much as $2 trillion. SpaceX shares are currently down some 7%.
- SpaceX Investors, Mark Your Calendars: A Massive Stock Lockup Expiration Is Coming
SpaceX (SPCX) became the largest IPO on record in June and has been highly volatile since, reaching highs of about $225.64 and lows of $104.83. The company has already gone through six lockup expiries, and the stock has climbed about 27% since Aug. 6. The largest single-event expiry is approaching: 1.3 billion new shares become eligible for sale two full trading days after the third-quarter earnings report (scheduled for Oct. 20), with another 328 million unlocking on Oct. 24. The article says the share price will depend heavily on Q3 results, but argues that valuation at 200 times forward earnings leaves the company little room for error.
- Stocks bounce back, Anthropic's "Public Benefits", and Musk's promise to American kids
The 8:30 show, hosted by Julie Hyman, Pras Subramanian and Jake Conley, discusses the stock market's rebound. Other topics include Anthropic's (ANTH.PVT) commitment to a “Public Benefit” fund, Elon Musk's promise to American children about SpaceX (SPCX) stock ahead of earnings, and doubts over an IPO after Microsoft (MSFT) withdrew.
- SpaceX surprises Wall Street with Oct. 20 earnings date — here's why
SpaceX (SPCX) will release earnings on Oct. 20 after the market close, a surprise since earnings dates are usually shared weeks in advance. Evercore ISI analyst Kutgun Maral says possible reasons include putting updated financials on record before new financing or getting ahead of major lock-up releases, though scheduling is also possible. Reuters reported SpaceX is seeking $40 billion in financing to buy advanced Nvidia AI chips, including about $10 billion in bank loans and $30 billion in investment-grade debt, with Apollo expected to lead. The lock-up schedule includes 1.30 billion shares two days after earnings, 329 million on 10/24, and a remaining 857 million tranche of the 180-day group.
- Missed Out On K92 Mining's Run? Here's The Bet Holders Made
The article looks back at K92 Mining from October 2025, when bulls cited the Stage 3 expansion, automation and ESG positioning, while skeptics pointed to reliance on the single Kainantu mine in Papua New Guinea and rising compliance costs. Shareholders earned a 29.5% return over the past year, including dividends. Revenue rose from US$96.3m in Q2 2025 to US$205.2m in Q2 2026, net income climbed from US$39.2m to US$84.6m, and net margin edged up from 40.7% to 41.2%. The shares now trade at CA$26.22, up from CA$19.83 at the start of the period, and the narrative cited sees fair value above that price, provided expansion converts into sustained high-grade production and durable margins.
- Abilene Christian University is giving Ivy League endowments a run for their money in the market
Abilene Christian University, a private Christian university in Texas, returned 13.6% over the 10 years through June 2026, versus 9.1% for a benchmark of 70% global stocks and 30% bonds, and its 20-year average was 10.9%. By comparison, Yale’s $44.1 billion endowment returned 9.4% over the decade through June 2025, while ACU returned 11.4% over the same period. ACU’s endowment of a little over $1 billion is run by ACIMCO, a university-controlled investment company, with a little more than half in private investments. Its president, Joe Lee, credits long-term, equity-focused decisions and says a smaller endowment can pursue opportunities of $100 million that larger funds overlook. Reed College, with an endowment of $885 million, also beat Yale’s returns in each of the past three fiscal years.
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- Meta Earnings: What To Look For From META
Meta Platforms (NASDAQ:META) will report earnings this Wednesday after the market closes. Last quarter, revenue reached $60.8 billion, up 28% year on year and above analysts' expectations, though revenue guidance for next quarter slightly missed forecasts; daily active users hit 3.6 billion, up 3.4%. The market expects revenue growth of 23.6% this quarter, slowing from 26.2% a year earlier, and analysts have generally reconfirmed their estimates over the past 30 days. Over the last month, consumer internet stocks have gained 1.3% on average, while Meta is down 4.8%.
- An AI bust could come from places investors arent watching , an economist says
Concerns about an AI bubble are growing, and TS Lombard's Dario Perkins warns that investors may be overlooking other risks. Debt among smaller cloud providers, model developers and suppliers could reach $2 trillion by the end of 2027. Perkins does not see this as a systemic risk, but warns that earnings disappointments and canceled orders could ripple through the ecosystem, and that a chip glut could follow over-ordering. Much of the industry's revenue growth still comes from spending within the AI ecosystem rather than from businesses and consumers outside it. He also flags political backlash, noting that ordinary people dislike AI and nearby datacenters, and warns that one high-profile accident could turn AI toxic.
- Yen jumps after JGB auction draws big demand , euro finds relief
The yen rose 0.2% to 158.15 per dollar in Asian trading after a 20-year Japanese government bond auction drew bids of 5.84 times the amount sold, well above the 4.01 times at the previous auction, and the yield fell 6 basis points to 3.71%. A State Street strategist said the record demand suggests sidelined cash is returning and that JGBs are becoming a relative haven from political and fiscal volatility in Europe, particularly France. Anti-government protests in France prompted curfews in several cities, while Italy said it would send 500 troops after two days of unrest, and the euro rallied 0.2% to $1.1234. Elsewhere, bitcoin slipped 0.3% to $81,674.25 and ether edged down 0.2% to $2,393.21.
- Unemployment rate dips to 4 . 7 % - but vacancies hit five - year low
Vacancies fell by 21,000 to 691,000 in the three months to September, the biggest drop since the three months to March and the lowest since July to September 2014 outside the pandemic, while unemployment dipped in the three months to August. Payroll numbers were down 66,000 over the year to September. The ONS said the fall was mainly among smaller firms struggling with higher labour costs, following rises in employer national insurance, the minimum wage and workers' rights. A CBI survey found labour costs and regulations were making it harder to create jobs, and firms urged the Chancellor not to add to their burden in the October 28 Budget. ICAEW's Suren Thiru said the labour market is 'running on idle' and unemployment could climb above 5 per cent, while Shadow Chancellor Andrew Griffith blamed Labour's 'Jobs Tax' and red tape.
- CNBC Daily Open: Tech rebounds in the U.S., but Asia isn’t buying it yet
U.S. tech stocks rebounded as the Nasdaq Composite rose more than 1% on Monday, with Nvidia up 1.4% and Tesla up 3.8%. In Asia, however, tech shares fell on Tuesday, with South Korea's Kospi down over 4% and Japan's Nikkei 225 down 1.6%. Nvidia also unveiled plans to back four German AI startups as part of its nearly $10 billion European investment commitment. Jenny Lee of Granite Asia said Asian companies are reaching IPOs much sooner, often at four to five years old, while Jio Platforms' Indian IPO saw its anchor investor quota oversubscribed more than 30 times, aiming to raise up to 302 billion rupees ($3.2 billion). In Singapore, several agricultural stocks fell after Senior Minister K Shanmugam warned that companies would not escape responsibility for possible roles in the haze, noting seven firms had been questioned by the Singapore Exchange.
- NiSource (NI) Stock Looks Overvalued Against Its Dividend Outlook
NiSource has nearly doubled shareholders' money over the past five years, delivering a 97.6% total return, which raises the question of whether dividends can justify the current share price. The article highlights a new 20-year energy agreement with Microsoft, including customer-funded grid upgrades and long-term electric service for data centers, which may affect future capital needs and cash-flow visibility. Using a Dividend Discount Model with inputs of about $1.35 dividend per share, roughly 9.07% return on equity, a payout ratio slightly above 61%, and implied dividend growth of about 3.5%, the estimated intrinsic value sits meaningfully below the current share price of $41.95. The model still does not bridge that gap, suggesting income investors are paying a premium for a relatively steady payout with modest assumed growth.
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