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- Metaplanet to issue $329M convertible bonds to pay debt, fund share buybacks
Metaplanet plans to issue 52 billion yen ($329 million) of zero-coupon euro-yen convertible bonds due 2031 to restructure its debt and reduce reliance on Bitcoin-collateralized loans without selling its BTC. About 23.6 billion yen ($149 million) will repay those loans and 28.3 billion yen ($179 million) will fund share buybacks, under a program targeting up to 60 billion yen ($380 million). The company holds 44,000 BTC worth $3.6 billion, ranking second among Bitcoin treasury firms according to BitcoinTreasuries. Its shares closed 1.5% lower in Tokyo and are down 52.6% over 12 months. A revised framework proposes allocating up to 15% of total assets to strategic investments, and a plan to cut the Series 10 option pool by 41% follows shareholder criticism of its expansion.
- SpaceX Is on the Verge of Making Dubious History Yet Again, and Retail Investors May Pay the Price
SpaceX's June 12 IPO raised $85.7 billion, nearly three times the previous record held by Saudi Aramco, at an initial valuation of $1.77 trillion. The article says insiders have a staggered, accelerated share-unlock schedule rather than the usual 180-day lockup, with about 911.5 million shares becoming eligible for sale after the first quarterly report and another 319 million unlocking on October 26. Elon Musk cannot sell any shares for 366 calendar days, while the IPO offered about 555.6 million shares, which is less than 5% of outstanding shares. The author argues that continued unlocks could dilute a float that is already small, and that retail investors may bear the cost of insider sales.
- SpaceX Wants $40 Billion in New Debt, and It'll Need Hundreds of Billions More to Achieve Musk's Vision
SpaceX (SPCX) raised $86 billion in its IPO and another $25 billion through debt, and reportedly approached Apollo Global Management and several banks to finance $40 billion in Nvidia GPUs for its AI build-out. The company generated $12.5 billion of revenue in the first six months of 2026 while capital expenditures rose to $28.5 billion, mostly tied to AI infrastructure after it acquired Musk's xAI; it ended the second quarter with 1.4 gigawatts of compute and Musk expects over 2 gigawatts by year-end, with capacity possibly closer to 10 gigawatts than 5 gigawatts in 2027. Nvidia estimates deployment costs of about $60 billion per gigawatt, so going from 2 to 10 gigawatts could cost around $480 billion in data center capex, and Morgan Stanley analyst Adam Jonas estimated SpaceX would need an average of $84 billion a year in external capital through 2034, or $672 billion in total. The article argues that SpaceX's premium pricing, which Musk put at $30 to $50 per watt annualized, could decline, and that contracts allowing either party to cancel with 90 days' notice make demand a key risk. If debt markets fall short, new equity issues could dilute existing shares.
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- Anthropic Gives 5% of Itself to the Public. Musk Answers by Giving Away SpaceX Shares
Anthropic will commit 5% of its shares to a new Public Benefit Fund, subject to stockholder approval, and says roughly 20% of its stock will go to public causes once co-founder and employee pledges are counted. Elon Musk responded by promising one SpaceX share to every U.S. child next year, a giveaway worth more than $10 billion at current prices. The fund follows a draft AI safety bill Anthropic pitched to lawmakers, which would let the government block models posing a risk of killing or injuring more than 50 people or causing over $1 billion in damage. Anthropic is preparing an IPO as soon as November at a reported valuation of around $2 trillion, which would put its 5% stake at about $100 billion on paper rather than in cash. The fund is a wholly owned LLC rather than a nonprofit, and it cannot be used for lobbying or political donations.
- Power company announces an important decision
CTCP Nhiệt điện Quảng Ninh (QTP) says its board approved the EPC contract for package 05 of its flue gas treatment upgrade project, signed with the SEC-Pacific joint venture of Shanghai Electric Group and CTCP Tập đoàn Thái Bình Dương on a fixed-price basis. The contract is worth over 89.75 million USD and nearly 902 billion VND, about 3,271 billion VND in total, with 38 months to complete. SEC-Pacific was the only bidder to pass technical evaluation, as rival CISDI failed to reach the minimum score. The company has also appointed two deputy general directors this year, Nguyễn Công Kiên from 12/8/2026 and Dương Thành Công from 16/10/2026, after former board member Lê Việt Cường was arrested in February 2026 over alleged forgery of documents. For the first six months of 2026, net revenue reached nearly 6,359 billion VND, up over 10%, and profit after tax about 524 billion VND, up over 44%, already exceeding its full-year 2026 profit plan.
- Aeroméxico Reports Unaudited Third Quarter 2026 Results
Aeroméxico reported unaudited third-quarter 2026 results, with record revenue of $1.6 billion, up 13.6% year over year, driven by international passenger demand, premium cabins, loyalty and cargo, which grew 15.8%. Fuel expense rose 57.6% to $469.0 million as jet fuel prices hit historic highs, but adjusted EBITDAR reached $389.2 million, a 24.0% margin, and operating income was $189.6 million, an 11.7% margin. The company recognized $48.7 million from an updated loyalty program breakage estimate, its first such alignment since 2018. Management expects fourth-quarter revenue to grow about 15% year over year, assuming an average all-in fuel price of about $4.5 per gallon and an exchange rate of 18.0 Mexican pesos per U.S. dollar.
- Why Berkshire's Latest Move Proves It's Not Really a Warren Buffett Company Anymore
Greg Abel took over as Berkshire Hathaway CEO at the start of 2026, though Warren Buffett and Abel are reportedly in regular contact on investment decisions. Berkshire has taken a stake in Milan-based Bending Spoons, investing $600 million in its IPO over the summer and adding $330 million since, a position of about 0.4% of its portfolio. The author argues this is out of character for Buffett, who was skeptical of acquisitive companies and prefers consistent, predictable earnings, while Bending Spoons buys and turns around troubled software businesses. The author sees the move as a possible turning point toward more risk-taking and tech investment under Abel, and suggests a wait-and-see approach to the stock until his investment choices become clearer.
- Solana treasury firm SkyAI sells all SOL holdings, launches $201M buyback
SkyAI, formerly Sharps Technology, has sold its entire Solana (SOL) treasury and launched a tender offer to buy back up to $201.3 million of shares and warrants, reversing its crypto accumulation strategy. As of Oct. 16 the company held about $223.8 million in cash, and the offer covers up to 95% of each class of shares and warrants at a fixed price, no longer tied to SOL's price as originally planned. The company says it will keep building a financial platform that combines stablecoin infrastructure on Solana with artificial intelligence. The strategy began in August 2025 after a private placement of more than $400 million, and by the end of 2025 it had produced about $153 million in unrealized losses. SkyAI shares closed Monday at $2.79, up 5.3% on the day.
- Tech stocks had a nice oversold bounce on Monday. Earnings this week will determine if it's for real
The S&P 500 and Nasdaq Composite rallied Monday as AI and chip stocks rebounded, with the iShares Semiconductor ETF (SOXX) on pace to snap a nine-day slump and the iShares MSCI South Korea ETF (EWY) up 4%. Last week, the S&P 500 fell nearly 2%, its worst weekly decline since late June, while the Nasdaq Composite dropped 4.5%. Whether the rebound lasts will depend largely on results from big tech names such as Meta and Tesla, as well as SpaceX, which reports after the bell Tuesday. Of the 47 S&P 500 companies that have reported third-quarter results, 85% have beaten expectations, but most tech earnings are still to come. Sameer Samana of Wells Fargo Investment Institute sees the AI selloff as a 'reality check' rather than a full-blown unraveling, though pressure may last through the midterms.
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