Halifax, Nova Scotia--(Newsfile Corp. - June 15, 2026) - Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") is pleased to announce a strategic cooperation framework with Sumitomo Corporation of Americas ("SCOA") to support the development of a diversified rare earth supply chain across North America and allied markets.
Under the Agreement, signed on June 10, 2026, the companies will collaborate on sourcing rare earth feedstock for Ucore's Louisiana Strategic Metals Complex (SMC) and downstream offtake development for separated rare earth products. The focus is on selected middle and heavy rare earth elements critical to high-performance magnets and advanced materials applications primarily in Japan while preserving feedstock for additional processing for North American and allied markets.
The collaboration is intended to combine Ucore's developing RapidSX™ technology platform at its Louisiana ("SMC") rare earth refinery with SCOA's global sourcing, logistics, and market access capabilities, including in Japan, as the parties work to support more diversified rare earth supply chains. Furthermore, the companies intend to formally cooperate as project partners in Ucore's previously announced Global Partnership Initiative with the Government of Canada.
Ucore is advancing its rare earth processing platform in North America, including the development of its planned SMC in Louisiana and continued commercial demonstration with the Government of Canada. SCOA has longstanding experience in the global rare earth industry, including sourcing, trading, and supply chain development.
As part of the framework, SCOA will serve as Ucore's distribution partner for designated separated rare earth products sold to selected customer segments in Japan and other mutually agreed industrial applications.
The companies will work together to explore opportunities for cooperation across the rare earth value chain, subject to mutually agreed commercial terms and existing business arrangements.
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About Ucore Rare Metals Inc.
Ucore is focused on rare- and critical-metal resources, extraction, beneficiation, and separation technologies with the potential for production, growth, and scalability. Ucore's vision and plan is to become a leading advanced technology company, providing best-in-class metal separation products and services to the mining and mineral extraction industry.
Through strategic partnerships, Ucore aims to support the development of a more diversified and resilient North American REE supply chain through the near-term development of a heavy and light rare-earth processing facility in the US State of Louisiana, subsequent SMCs in Canada and Alaska and the longer-term development of Ucore's 100% controlled Bokan-Dotson Ridge Rare Heavy REE Project on Prince of Wales Island in Southeast Alaska, USA ("Bokan").
Ucore is listed on the TSXV under the trading symbol "UCU" and in the United States on the OTC Markets' OTCQX® Best Market under the ticker symbol "UURAF."
For further information, please visit www.ucore.com.
Forward-Looking Statements
This press release contains "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements" within the meaning of applicable Canadian securities laws. All statements in this release (other than statements of historical facts) that address future business development, technological development and/or acquisition activities (including any related required financings), timelines, events, or developments that the Company is pursuing are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance or results, and actual results or developments may differ materially from those in forward-looking statements.
For additional risks and uncertainties regarding the Company, its business activities, its ability to qualify for and receive any additional funding from any U.S. or Canadian government, the CDF and the aforementioned projects (generally), see the risk disclosure in the Company's MD&A for Q1-2026 (filed on SEDAR+ on May 29, 2026) (www.sedarplus.ca) as well as the risks described below.
Regarding the disclosure above in the "About Ucore Rare Metals Inc." section, the Company has assumed that it will be able to procure or retain additional partners and/or suppliers, in addition to Innovation Metals Corp. ("IMC"), as suppliers for Ucore's expected future SMCs. Ucore has also assumed that sufficient external funding will be found to continue and complete the ongoing research and development work required at the CDF and also later prepare a new National Instrument 43-101 technical report that demonstrates that Bokan is feasible and economically viable for the production of both REE and co-product metals and the then prevailing market prices based upon assumed customer offtake agreements. Ucore has also assumed that sufficient external funding will be secured to continue the development of the specific engineering plans for the SMCs and their construction and eventual commissioning and operations.
Forward-looking statements are based on a number of material assumptions, including, without limitation: the successful completion and accuracy of baseline, front-end-engineering design and detailed engineering studies; the ability to complete further engineering, procurement, and construction activities as currently contemplated; the availability, cost, and timely delivery of equipment, materials, utilities, labour and construction services; the Company's ability to secure sufficient financing on acceptable terms; the receipt and timing of all required permits and approvals; the successful scale-up and commercial deployment of RapidSX™ technology from demonstration to commercial operation; the availability of qualified feedstock from third-party suppliers; successful customer qualification and offtake discussions; continued support from governmental partners; and general economic, market, and industry conditions, including assumptions regarding rare earth oxide prices, which are subject to significant volatility.
Although the Company believes that the assumptions underlying the forward-looking information are reasonable, there can be no assurance that such assumptions will prove to be accurate or that the anticipated results, performance, or achievements will be realized. Actual results may differ materially from those expressed or implied by the forward-looking information.
Factors that could cause actual results to differ materially include, without limitation: risks associated with the development, scale-up, and commercialization of new or unproven technologies; the risk that RapidSX™ may not perform at commercial scale as expected; engineering design changes; inaccuracies in capital or operating cost estimates; cost escalation due to inflation, supply chain disruption, or market conditions; delays or failures in procurement, construction, or commissioning; the inability to obtain or maintain required permits, approvals, or regulatory authorizations; challenges in securing adequate financing; adverse capital market conditions; variability in feedstock supply, quality, or pricing; failure to secure or maintain commercial relationships, customer qualification, or offtake arrangements; fluctuations and uncertainty in rare earth oxide prices and demand; the risk that indicative or quoted market prices, including for ex-China markets, may not be realized; operational risks once in production, including equipment failures or lower-than-expected recoveries; geopolitical risk; changes in applicable laws or regulations; environmental or permitting challenges; loss of key personnel; and general economic, business, or competitive conditions.
Neither the TSXV nor its Regulation Services Provider (as that term is defined by the TSXV) accept responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/301482
Source: Ucore Rare Metals Inc.
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- Former CFO of Terns Pharmaceuticals to join Immuneering -
- Seasoned public company CFO strengthens team with over 25 years of leadership in biotech –
NEW YORK, June 15, 2026 (GLOBE NEWSWIRE) -- Immuneering Corporation (Nasdaq: IMRX), a late-stage clinical oncology company focused on keeping cancer patients alive and helping them thrive, today announced the appointment of Andrew Gengos as Chief Financial Officer, effective July 16, 2026. Mr. Gengos most recently served as Chief Financial Officer and Head of Corporate Development at Terns Pharmaceuticals, which Merck & Co., Inc. acquired for $6.7 billion. At Immuneering, Mr. Gengos will oversee financial strategy, capital allocation, investor relations, business development, and corporate development activities as the company advances atebimetinib, its lead oncology candidate in Phase 3, and a pipeline of other deep cyclic inhibitors.
“Andrew is a proven biotechnology executive with a strong track record of helping innovative companies navigate critical stages of growth and value creation,” said Ben Zeskind, Ph.D., Co-Founder and Chief Executive Officer of Immuneering. “His experience as a CFO, business development leader, and strategic advisor will be invaluable as we advance our clinical programs and prepare for the next phase of Immuneering's growth. We are delighted to welcome Andrew to our leadership team.”
“I am thrilled to join Immuneering at such an exciting time in the company's development,” said Andrew Gengos. “Atebimetinib is now a Phase 3 candidate in first-line pancreatic cancer, supported by recently presented survival and tolerability data that are highly encouraging in a disease where new treatment options are urgently needed. A growing body of data supports the potential of Immuneering’s differentiated deep cyclic inhibitor technology to benefit patients with RAS, RAF, and other MAPK-driven cancers. I believe we are in the early chapters of this compelling story and look forward to working with Immuneering’s leadership team and Board to advance atebimetinib through late-stage development and create value for patients and shareholders alike.”
Prior to joining Terns, Mr. Gengos served as Chief Financial Officer and Chief Business Officer of Athira Pharma, Inc. (now LeonaBio, Inc.). Previously, he served as Chief Business Officer of Cyteir Therapeutics, Inc., where he led the finance organization that successfully completed the company's initial public offering. Earlier in his career, he served as Chief Executive Officer of ImmunoCellular Therapeutics, Ltd. and Neuraltus Pharmaceuticals, Inc., providing strategic and financial leadership across oncology and neurodegenerative disease programs. In addition, Mr. Gengos was Vice President of Strategy and Corporate Development at Amgen Inc., where for eight years he helped shape the company's long-term strategic priorities and business development initiatives. He began his career at Morgan Stanley and later joined McKinsey & Company, advancing from Associate to Senior Engagement Manager.
Mr. Gengos holds an MBA from the UCLA Anderson School of Management and a BS in Chemical Engineering from the Massachusetts Institute of Technology.
About Immuneering
Immuneering is a late-stage clinical oncology company dedicated to keeping cancer patients alive and helping them thrive, with an initial focus on patients with RAS, RAF, and other MAPK-driven cancers. The Company is developing an entirely new category of cancer medicines, Deep Cyclic Inhibitors, designed to improve overall survival by three mechanisms: shrinking tumors durably with less resistance, preserving body mass by countering cachexia, and minimizing side effects to maximize performance status and combinability. Immuneering’s lead product candidate, atebimetinib, is an investigational, oral, once-daily Deep Cyclic Inhibitor of MEK, designed to improve survival across many cancer indications. The company is conducting a global randomized pivotal trial, MAPKeeper 301, evaluating atebimetinib in combination with chemotherapy in first-line pancreatic cancer patients. The Company’s development pipeline also includes additional combination opportunities and preclinical stage programs. For more information, please visit www.immuneering.com.
Forward-Looking Statements
This press release contains forward-looking statements, including within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including, without limitation, statements regarding: the treatment potential of atebimetinib, alone or in combination with other agents to treat cancer, including modified Gemcitabine/nab-paclitaxel (mGnP) in first-line pancreatic cancer; the timing of dosing of the MAPKeeper 301 study and the timing of topline results from the study; the timing of dosing of the Phase 2 combination study of atebimetinib in non-small cell lung cancer, including the timing of preliminary results from the study; timing of IND-enabling studies from the next DCI drug program; the ability of phase 2 results presented at ASCO to translate to success and support evaluation in the Company’s phase 3 study; the ability of the three design mechanisms of atebimetinib to shrink tumors durably, improve overall survival and overcome the limitations of conventional MAPK inhibition and provide a more sustained clinical benefit for patients.
These forward-looking statements are based on management’s current expectations. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to, the following: the risks inherent in oncology drug research and development, including target discovery, target validation, lead compound identification, and lead compound optimization; we have incurred significant losses, are not currently profitable and may never become profitable; our projected cash runway; our need for additional funding; our unproven approach to therapeutic intervention; our ability to address regulatory questions and the uncertainties relating to regulatory filings, reviews and approvals; the lengthy, expensive, and uncertain process of clinical drug development, including potential delays in activating trial sites or enrolling trial participants, or failure to obtain regulatory approvals; our reliance on third parties and collaborators to conduct our clinical trials, manufacture our product candidates, and develop and commercialize our product candidates, if approved; failure to compete successfully against other drug companies; protection of our proprietary technology and the confidentiality of our trade secrets; potential lawsuits for, or claims of, infringement of third-party intellectual property or challenges to the ownership of our intellectual property; our patents being found invalid or unenforceable; costs and resources of operating as a public company; and unfavorable or no analyst research or reports.
These and other important factors discussed under the caption “Risk Factors” in our Quarterly Report on Form 10-Q for the period ended March 31, 2026, and our other reports filed with the U.S. Securities and Exchange Commission, could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any such forward-looking statements represent management's estimates as of the date of this press release. While we may elect to update such forward-looking statements at some point in the future, except as required by law, we disclaim any obligation to do so, even if subsequent events cause our views to change. These forward-looking statements should not be relied upon as representing our views as of any date subsequent to the date of this press release.
Bank establishes proprietary rights over its enterprise platform and novel AI system
, /PRNewswire/ -- Flagstar Bank, N.A. (NYSE: FLG) (the "Bank") today announced significant progress in its strategic technology transformation, establishing proprietary rights over its enterprise platform and novel AI system designed for regulated financial services.
THE INVESTMENT & STRATEGIC VISION
Recognizing that modernizing technology is critical to future success, Flagstar architected a purpose-built technology foundation with a deep understanding of financial regulatory requirements, reflecting how a modern regulated bank operates today. Rather than relying on third-party solutions, Flagstar's approach reflects a broader institutional commitment to developing differentiated capabilities.
"Technology innovation is a key part of the Bank's strategic plan and central to achieving our vision of being a best-in-class bank for all of our customers," said Christopher Higgins, Executive Vice President and Chief Information & Operations Officer at Flagstar Bank. "Protecting the intellectual property behind our transformation is about more than legal defensibility — it signals to the market, our regulators, and our customers that Flagstar is building a modern institution with unique capabilities that differentiate how we serve and protect our stakeholders."
The Flagstar S2 Platform™: A Technology Brand
As part of today's announcement, the Bank has applied to obtain a trademark registration for the branding of its enterprise technology transformation platform, Flagstar S2 Platform™ — Simple and Sophisticated.
The Flagstar S2 Platform™ represents the Bank's unified technology transformation initiative which includes the consolidation of three legacy banking environments (Flagstar Bank, New York Community Bank, and Signature Bank), six data centers, and disparate technology stacks into a modern, integrated foundation. The platform delivers simplicity and elegance that reduces costs, improves customer and employee experience, and drives enterprise value.
The trademark will cover three key categories.
Computer & Software Services & Scientific Services — covering the platform's enterprise technology services, business management, business analytics, and business operations capabilities. Financial Services — encompassing the banking and financial management solutions delivered through the platform. Technology Platform Services — covering non-downloadable software platforms and Platform as a Service (PaaS) solutions for financial and business management. StarIQ: A Patent-Pending Novel Enterprise AI System
The Bank has also filed for a provisional patent application for StarIQ, its proprietary enterprise generative AI orchestration system.
StarIQ was built specifically for regulated financial services environments to enable secure, governed AI deployment across the enterprise while maintaining regulatory compliance. Deployed in early 2026, the platform integrates multiple foundation models including Anthropic Claude, Meta Llama, Mistral, Amazon Titan, and is powered by Amazon Web Services while secured by Palo Alto Networks.
StarIQ represents a differentiated approach to secure, governed, multi-model AI deployment among regulated banks. The patent application, titled "Techniques for Secure Enterprise Generative Artificial Intelligence Orchestration," will protect the novel system and method at the core of Flagstar's StarIQ platform.
The application covers several innovations that distinguish StarIQ from other AI platforms.
Secure Multi-Model AI Orchestration Architecture — Integrates multiple AI providers within a single governed platform using consumption-based deployment, eliminating per-seat limitations AI-Aware Enterprise Security Layer — Employs Palo Alto Networks Prisma AI firewalls for real-time detection of sensitive data patterns, prompt injection attempts, and policy violations Custom Retrieval-Augmented Generation (RAG) Pipeline — Enables secure document and policy queries with full citation tracking and access-controlled knowledge bases Integrated AI Governance Framework — Connects business case submission through regulatory compliance review and multi-level approvals in a single auditable system "Securing these intellectual property protections reflects Flagstar's commitment to building, not just buying technology, that is purpose-built for regulated financial services," said Jason Pope, Chief Technology Officer. "The Flagstar S2 Platform trademark establishes our unique identity in the market, and the pending StarIQ patent signals that the innovation happening inside this institution is differentiated, defensible, and designed to create a lasting competitive advantage."
Flagstar Bank, N.A.
Flagstar Bank, N.A. is one of the largest regional banks in the country and is headquartered in Hicksville, New York. At March 31, 2026, the Bank had $87.1 billion of assets, $60.7 billion of loans, deposits of $66.8 billion, and total stockholders' equity of $8.1 billion. Flagstar Bank, N.A. operates approximately 340 locations across nine states, with strong footholds in the greater New York/New Jersey metropolitan region and in the upper Midwest, along with a significant presence in fast-growing markets in Florida and the West Coast.
Cautionary Statements Regarding Forward-Looking Language
This press release may include forward‐looking statements by us and our authorized officers pertaining to such matters as our goals, beliefs, intentions, and expectations regarding, among other things: (a) revenues, earnings, loan production, asset quality, liquidity position, capital levels, risk analysis, divestitures, acquisitions, and other material transactions, among other matters; (b) the future costs and benefits of the actions we may take; (c) our assessments of credit risk and probable losses on loans and associated allowances and reserves; (d) our assessments of interest rate and other market risks; (e) our ability to achieve profitability goals within projected timeframes and to execute on our strategic plan, including the sufficiency of our internal resources, procedures and systems; (f) our ability to attract, incentivize, and retain key personnel and the roles of key personnel; (g) our ability to achieve our financial and other strategic goals, including those related to our recent holding company reorganization, which was completed in October 2025 (the "Reorganization"), our merger with Flagstar Bancorp, Inc., which was completed in December 2022, our acquisition of substantial portions of the former Signature Bank through an FDIC-assisted transaction, which was completed in March 2023, and our ability to comply with the heightened regulatory standards with respect to governance and risk management programs to which we are subject as a national bank with assets of $50 billion or more; (h) the impact of the $1.05 billion capital raise we completed in March 2024; (i) the conversion or exchange of shares of our preferred stock; (j) the payment of dividends on shares of our capital stock, including adjustments to the amount of dividends payable on shares of our preferred stock; (k) the availability of equity and dilution of existing equity holders associated with future equity awards and stock issuances; (l) the effects of the reverse stock split we effected in July 2024; and (m) the impact of the 2024 sale of our mortgage servicing operations, third party mortgage loan origination business, and mortgage warehouse business.
Forward‐looking statements are typically identified by such words as "believe," "expect," "anticipate," "intend," "outlook," "estimate," "forecast," "project," "should," "confident," and other similar words and expressions, and are subject to numerous assumptions, risks, and uncertainties, which change over time. Additionally, forward‐looking statements speak only as of the date they are made; we do not assume any duty, and do not undertake, to update our forward‐looking statements. Furthermore, because forward‐looking statements are subject to assumptions and uncertainties, actual results or future events could differ, possibly materially, from those anticipated in our statements, and our future performance could differ materially from our historical results.
Our forward‐looking statements are subject to, among others, the following principal risks and uncertainties: general economic conditions and trends, either nationally or locally; conditions in the securities, credit and financial markets; changes in interest rates; changes in deposit flows, and in the demand for deposit, loan, and investment products and other financial services; changes in real estate values; changes in the quality or composition of our loan or investment portfolios, including associated allowances and reserves; changes in future allowance for credit losses, including changes required under relevant accounting and regulatory requirements; the ability to pay future dividends; changes in our capital management and balance sheet strategies and our ability to successfully implement such strategies; our ability to achieve the anticipated benefits of the Reorganization; changes in our Board of Directors and our executive management team; changes in our strategic plan, including changes in our internal resources, procedures and systems, and our ability to successfully implement such plan; changes in competitive pressures among financial institutions or from non‐financial institutions; changes in legislation, regulations, and policies; the impacts of tariffs, sanctions and other trade policies of the United States and its global trading counterparts; the outcome of federal, state, and local elections and the resulting economic and other impact on the areas in which we conduct business; the impact of changing political conditions or federal government shutdowns; the imposition of restrictions on our operations by bank regulators; the outcome of pending or threatened litigation, or of investigations or any other matters before regulatory agencies, whether currently existing or commencing in the future; our ability to comply with heightened regulatory standards with respect to governance and risk management programs to which we are subject as a national bank with assets of $50 billion or more; the restructuring of our mortgage business; our ability to recognize anticipated cost savings and enhanced efficiencies with respect to our balance sheet and expense reduction strategies; the impact of failures or disruptions in or breaches of our operational or security systems, data or infrastructure, or those of third parties, including as a result of cyberattacks or campaigns; the impact of natural disasters, extreme weather events, civil unrest, international military conflict, terrorism or other geopolitical events; and a variety of other matters which, by their nature, are subject to significant uncertainties and/or are beyond our control. Our forward-looking statements are also subject to the following principal risks and uncertainties with respect to our merger with Flagstar Bancorp, which was completed in December 2022, and our acquisition of substantial portions of the former Signature Bank through an FDIC-assisted transaction, which was completed in March 2023: the possibility that the anticipated benefits of the transactions will not be realized when expected or at all; the possibility of increased legal and compliance costs, including with respect to any litigation or regulatory actions related to the business practices of acquired companies or the combined business; diversion of management's attention from ongoing business operations and opportunities; the possibility that we may be unable to achieve expected synergies and operating efficiencies in or as a result of the transactions within the expected timeframes or at all; and revenues following the transactions may be lower than expected.
More information regarding some of these factors is provided in the Risk Factors section of our Annual Report on Form 10‐K for the year ended December 31, 2025, and in other reports we file with the Office of the Comptroller of the Currency (the "OCC") and voluntarily file with the Securities and Exchange Commission (the "SEC"), and which are also available on our Investor Relations website. Our forward‐looking statements may also be subject to other risks and uncertainties, including those we may discuss in this news release, on our conference call, during investor presentations, or in our securities disclosure filings. All such files are accessible on our website at ir.flagstar.com, on the OCC's website at www.occ.gov, and on the SEC's website at www.sec.gov.
Investor Contact:
Salvatore J. DiMartino
(516) 683-4286
Seagate Technology (NASDAQ:STX | STX Price Prediction) has transformed from a forgotten hard drive maker into one of the most aggressive AI infrastructure plays on the market. Shares are up 238.69% year to date and 647.88% over the past year.
CEO Dave Mosley told investors “Seagate is entering a new era of structural growth as AI applications amplify data creation and support sustained storage demand.” At $931.04, the round-number question is clear: can STX reach $1,000, and when?
What’s Holding Seagate Back The pause reflects altitude. Shares are consolidating after a steep climb. Shares sit 9% below the 52-week high of $966.80, after a 9.86% one-week pop and a 13.91% one-month gain. The risk is the move itself.
A beta of 2.083 means STX moves twice as hard as the market in either direction, and a stock that has roughly 6x’d in a year invites profit-taking on any hyperscaler capex pause. Insider behavior also flashes caution: 177 recent insider transactions have skewed toward selling. That is the wall between today’s quote and $1,000.
Wall Street Sees Downside. Our Model Says the Bull Case Hits $1,000 First Wall Street consensus lags. The analyst target sits at $877.68, below today’s price. Coverage breaks down to 4 Strong Buy, 16 Buy, 3 Hold, 0 Sell, and 1 Strong Sell, with 83% bullish sentiment.
Our base case lands at $922.21 (fair value) with a 90% confidence read. The bull case: $1,039.94 over the next year, with the first $1,000 cross modeled for October 13, 2026. Analysts are anchored to old earnings. The numbers have moved.
The Path to $1,000 Per Share Reaching $1,000 from today’s price of $931.04 requires a gain of 7.4%. With forward EPS of $18.62, a $1,000 price implies a forward P/E of 54x. Our base case of $922.21 already implies roughly 50x at that same EPS, meaning the target asks for only about 4x of additional multiple expansion.
That is manageable given Q3 FY26 results: EPS of $4.10 versus $3.50 expected, revenue of $3.11 billion (up 44.1% year over year), and free cash flow of $953 million. Gross margin jumped to 47% from 36.2%. Q4 FY26 guidance calls for $5 EPS and $3.45 billion in revenue.
Mosley’s framing matters: HAMR-based Mozaic is qualified with five of the world’s largest cloud customers, and data center capacity is expected to more than double by 2029. The primary risk is a hyperscaler digestion pause that resets the multiple.
The Valuation Case At $931.04 and forward EPS of $18.62, STX trades at roughly 50x forward earnings. Rich on the surface, but EPS has scaled from $2.59 in Q4 FY25 to $4.10 in Q3 FY26, with guidance pointing to $5 next quarter. Shares sit between the 52-week low of $125.99 and high of $966.80, with a 10-year return of 6,092.11%. The forward P/E will compress if Q4 lands as guided.
Can Seagate Really Hit $1,000? A 7.4% gain from $931.04 with a beta over 2 is one good earnings reaction away.
Three things need to go right: Q4 FY26 must land at or above $5 EPS, HAMR qualifications must convert to volume orders in the back half of 2026, and hyperscaler capex commentary must stay constructive. A sharp pullback in AI capex spending derails it. We’ve outlined the blueprint for how Seagate Technology could reach $1,000 in 2026.
Entro to add complementary deep secrets discovery and non-human identity scanning, solidifying SailPoint’s leadership across all identity types—human, machine, and agent June 15, 2026 09:00 ET | Source: SailPoint Technologies, Inc.
AUSTIN, Texas, June 15, 2026 (GLOBE NEWSWIRE) -- SailPoint, Inc. (Nasdaq: SAIL), a leader in enterprise identity security, today announced its intent to acquire Tel Aviv-based Entro, a pioneer in non-human identity (NHI) and credentials security. Upon completion, this acquisition will mark a strategic expansion and acceleration of the recently launched SailPoint Agentic Fabric, advancing SailPoint's vision to secure the modern enterprise with adaptive identity security across the entire digital ecosystem.
As organizations rapidly deploy autonomous AI agents, complex cloud architectures, and programmatic workflows, today's modern security demands are no longer defined by traditional perimeters. Instead, they are governed by who or what is accessing data, when, why, and under what conditions. By integrating Entro’s specialized capabilities to directly address the unique challenges of the AI era, SailPoint expects to further expand how customers easily identify, govern, and protect these high-risk assets from a single, unified platform.
Mark McClain, CEO and Founder of SailPoint commented:
"The recent launch of our Agentic Fabric established a new paradigm for securing autonomous AI agents and non-human identities at scale, including native discovery, governance and protection. By bringing Entro’s powerful and complimentary technology into our SailPoint platform, we will be giving our customers an even bigger advantage: frictionless, complete visibility into every non-human identity and—crucially—the context and credentials they use to access critical corporate data."
Itzik Alvas, Co-Founder and CEO of Entro said:
"We built Entro with a clear mission: to secure the modern cloud by discovering and protecting the sheer volume of credentials and non-human identities powering it. As enterprises embrace more automation and agentic workloads, this massive identity layer is only becoming more critical to protect. We are excited to integrate our deep, seamless discovery and lineage mapping engine into SailPoint's comprehensive identity security framework and Agentic Fabric. I believe that together, our combined non-human and AI capabilities will supercharge SailPoint's proven ability to secure every identity, human and non-human, across the global enterprise landscape."
Accelerating SailPoint Agentic Fabric with Entro
Upon closing, Entro will provide additive and highly complementary technology features that SailPoint plans to integrate with Agentic Fabric, including:
Unrivaled discovery & credentials coverage: Entro provides frictionless, agentless visibility into the specific tools, APIs, and credentials that AI agents and machine identities use to execute tasks. This will expand SailPoint’s reach with out-of-the-box coverage for more than 1,000+ NHI/agent types and the discovery of over 1,200 credential types (including secrets and keys, tokens, and certificates) across 70+ critical enterprise sources—including cloud environments, developer tools, CI/CD pipelines, and SaaS/collaboration environments. By exposing the tools agents use to complete work, SailPoint will further enforce even deeper, policy-driven governance over agent workflows and their active operational boundaries.Deep context & human ownership attribution: Discovering identities is only the first step; they must be tied back to human identities for accountability. Complementing SailPoint’s native identity intelligence, Entro enriches discovered data with metadata to map exact relationships, permissions, usage, and "blast radius." This deep lineage mapping allows organizations to tie complex, non-human identities back to their human owners. Combined with SailPoint’s enterprise-grade access certification and lifecycle governance, customers will be able to drive automated, closed-loop remediation and enforce zero-standing privileges.Real-time detection & active protection: Once registered and governed, non-human identities must be protected in real time. With proprietary Non-Human Identity Detection and Response (NHIDR™) capabilities, SailPoint customers will be able to continuously monitor AI agents and machine identities for behavioral anomalies in real time, allowing organizations to expose over-privileged access, enforce least privilege, and automate threat mitigation at machine speed. These capabilities directly address the top security, privacy, and compliance risks that IT and business leaders face when deploying AI agents. After the deal closes, SailPoint customers will enjoy an even broader level of visibility, ownership attribution, and control—transforming identity from a static compliance measure into a dynamic, real-time enabler of their enterprise success.
With the addition of Entro, SailPoint will continue to distance itself from legacy approaches by offering true end-to-end adaptive identity security.
The transaction is subject to customary closing conditions and is expected to close in the third quarter of fiscal year 2027.
To learn more about how SailPoint is defining the future of identity security for the AI era, visit the SailPoint Agentic Fabric Homepage.
About SailPoint
SailPoint (Nasdaq: SAIL) is defining the new era of adaptive identity security. In a world where non-human identities now significantly outnumber humans, our AI-powered platform unifies identity, security, and data intelligence to protect today’s enterprise from advanced identity-based threats. We deliver the identity solution that spans both the breadth of identities and the depth of context needed to drive real-time access with confidence. Built on principles like zero-standing privilege and contextualized risk, our SailPoint platform transforms identity from a point of vulnerability into a powerful security advantage. Trusted by many of the world's leading organizations, SailPoint secures the enterprise with intelligent, autonomous identity security.
Forward-Looking Statements
This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including with respect to SailPoint’s expectations regarding its intent to acquire Entro. In some cases, you can identify forward-looking statements because they contain words such as “may,” “will,” “expects,” “plans,” “anticipates,” “could,” “would,” “plan to,” “intend to,” “believe,” or “goal” or the negative of these words or other similar terms or expressions that concern our expectations, strategy, plans or intentions. These forward-looking statements are not guarantees of future performance, but are based on management's current expectations, assumptions and beliefs concerning future developments and their potential effect on us, which are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict. Our expectations expressed or implied in these forward-looking statements may not turn out to be correct. The development, release, and timing of any features or functionality described for SailPoint’s products that are not currently available remain at SailPoint’s sole discretion on a when, and if available, basis, may not be delivered at all and should not be relied on in making a purchasing decision, and could be materially different from our expectations because of various risks.
Important factors, some of which are beyond our control, that could cause actual results to differ materially from our historical results or those expressed or implied by these forward-looking statements include the following: our ability to deepen our relationships with existing customers; the growth in the market for identity security solutions; our ability to maintain successful relationships with each of our partners; our ability to compete successfully against current and future competitors; the increasing complexity of our operations; our ability to maintain and enhance our brand or reputation as an industry leader and innovator; unfavorable conditions in our industry or the global economy; our ability to successfully introduce, use, and integrate artificial intelligence (AI) with our solutions; breaches in our security, cyber attacks, or other cyber risks; interruptions, outages, or other disruptions affecting the delivery of our SaaS solution or any of the third-party cloud-based systems that we use in our operations; our ability to adapt and respond to rapidly changing technology, industry standards, regulations, or customer needs, requirements, or preferences; real or perceived errors, failures, or disruptions in our platform or solutions; and the ability of our platform and solutions to effectively interoperate with our customers’ existing or future IT infrastructures.
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Partnership connects combat-proven drone autonomy software with verified intelligence data sets to improve AI decision-making June 15, 2026 08:00 ET | Source: Swarmer
KYIV, Ukraine, June 15, 2026 (GLOBE NEWSWIRE) -- Swarmer, Inc. (“Swarmer” or the “Company”) (NASDAQ: SWMR), a drone autonomy software company which has supported more than 100,000 real-world combat missions in Ukraine since April 2024, today announced a strategic data partnership with Molfar Intelligence, a Ukrainian private intelligence company specializing in open-source intelligence (OSINT) and verified data production.
As partners, Molfar Intelligence will provide Swarmer with structured OSINT datasets, including geolocated imagery, video and satellite-derived observations of adversary military equipment and battlefield activity, collected and cross-referenced through Molfar’s proven open-source intelligence methodology. The datasets incorporate multi-source verification, temporal and geospatial correlation, equipment identification and attribution analysis derived from publicly available sources, including drone footage, social media, satellite imagery and other battlefield reporting. Swarmer plans to use the verified data to train and refine its AI models, improving object recognition accuracy, situational awareness and decision-making reliability across its autonomous systems operating in contested environments.
The partnership addresses a gap that both companies have identified through operational experience. Autonomous systems make decisions based on data; however, if that data is unverified or manipulated, autonomy could become a liability. By integrating Molfar’s verified intelligence into Swarmer’s AI pipeline, the two companies are building a direct link between intelligence production and autonomous execution which has been tested in real combat conditions, not simulated environments.
“This important partnership with Molfar Intelligence gives Swarmer a verified, battlefield-sourced data pipeline that no synthetic dataset can replicate,” said Serhii Kupriienko, Global CEO of Swarmer. “We believe that the quality of our AI models will improve considerably with Molfar’s methodology and that this will help with speed and accuracy of decision-making.”
"Ukraine produces something no peacetime military can generate — intelligence that has been verified under real combat pressure, every day, for over four years,” said Artem Starosiek, CEO of Molfar Intelligence. “Partnering with Swarmer means this intelligence now directly improves one of the most battle-tested autonomy platforms operating today. For us, it is another confirmation that Molfar Intelligence methodology has become part of the defense technology chain.”
The collaboration also reflects a shared operational insight. As more NATO countries invest in autonomous and unmanned systems, the question of data quality upstream of autonomous decision-making remains largely unaddressed at the doctrine level. Ukraine’s combat experience has produced practical answers to this question. This partnership makes Ukraine’s combat experience available as an integrated capability to allied partners.
Both companies will jointly engage defense primes, government procurement agencies, and institutional partners, offering the intelligence-autonomy integration as a validated, field-tested capability.
About Swarmer
Swarmer™ is a defense technology company that specializes in vendor-agnostic software which allows one operator to intuitively control hundreds of autonomous platforms in real time. Swarmer’s primary mission areas include autonomous swarm coordination, integration of multi-domain unmanned systems and AI-powered autonomy software for distributed operations. Swarmer is not a drone manufacturer and does not depend on any single platform, supplier or hardware lifecycle. Instead, Swarmer operates at the intelligence layer, developing autonomy, coordination and decision-making software that enables large numbers of low-cost unmanned systems to operate collectively as one coherent, resilient force. Swarmer’s technology has been rigorously validated in real-world kinetic environments and was first deployed in combat operations in Ukraine in April 2024. Since then, it has completed more than 100,000 combat missions, generating terabytes of proprietary data that informs its machine-learning models and enables the replication of advanced pilot performance at scale. Swarmer’s routine use in combat missions generates continuous streams of telemetry, sensor data and operational feedback which are then used to refine performance, increase resilience and accelerate learning. Swarmer has headquarters in Austin, Texas, and maintains operations and teams in Ukraine, Poland and Estonia.
About Molfar Intelligence
Molfar Intelligence is a Ukrainian private intelligence company. The company’s core services include pre-transaction due diligence, sanctions screening and evasion tracking, corporate investigations into beneficial ownership and shell company structures, supply chain intelligence, and background checks for corporate and government clients. Molfar Intelligence works across defence, private equity, regulated industries, and government in Europe, the Middle East, and North America. The company’s defence intelligence practice draws on continuous operational experience inside an active conflict zone – a capability no peer company in Europe or North America can replicate. Molfar's analytical work includes exposing unauthorised transfers of commercial satellite imagery to hostile actors, documenting state-sponsored deportation of civilians, tracing Western-manufactured components through sanctions-evasion networks into adversary weapons systems, and producing forensic evidence of war crimes. This work has been cited in International Criminal Court proceedings. Headquartered in Kyiv, Molfar Intelligence has a UK office in London.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include all statements other than statements of historical fact, including statements about Swarmer’s memorandum of understanding with Molfar Intelligence; the expected benefits of the collaboration; the potential integration of Molfar Intelligence’s datasets into Swarmer’s AI models and autonomous systems; anticipated improvements in recognition accuracy, data quality, decision-making support, reliability, and operational performance; the parties’ plans to engage defense primes, government procurement agencies, and institutional partners; potential customer adoption; future product development; and the expected performance, capabilities, or commercial availability of any intelligence-autonomy integration.
These forward-looking statements are based on current expectations, assumptions, and beliefs and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied. These risks and uncertainties include, among others: the risk that the memorandum of understanding does not result in a definitive commercial agreement or successful product integration; the availability, quality, legal usability, and continued access to third-party data; the ability of Swarmer’s AI models to use such data effectively; technical, operational, cybersecurity, and data-security risks; risks related to the development, testing, deployment, and customer acceptance of autonomous and unmanned systems; risks related to government procurement processes, defense-sector sales cycles, budget availability, and contract award timing; regulatory, export-control, sanctions, and national-security restrictions; risks related to operations, data collection, and counterparties in or connected to active conflict zones; reputational and ethical considerations related to military applications of AI and autonomy; dependence on third-party partners, suppliers, and customers; competitive developments; and the other risks described in Swarmer’s filings with the Securities and Exchange Commission, including its most recent Registration Statement on Form S-1, most recent Quarterly Report on Form 10-Q and Current Reports on Form 8-K.
Forward-looking statements speak only as of the date of this press release. Swarmer undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future developments, or otherwise, except as required by law.
Is the future of housing found in sprawling apartment complexes or suburban single-family homes? That’s a question investors will have to weigh when choosing between Camden Property Trust (CPT +0.47%) and Invitation Homes (INVH +0.34%) for their 2026 real estate strategy.
Camden Property Trust focuses on the multifamily apartment market, managing thousands of homes across various high-growth regions. Invitation Homes operates as the nation's largest single-family rental company, owning homes across 16 major metro areas. While both companies benefit from housing demand, they serve different tenant demographics and face unique operational challenges.
Camden Property Trust operates as a real estate investment trust (REIT) focused on the multifamily apartment sector. This business model is a popular choice for those interested in real estate investing because it provides exposure to diverse housing markets. The company owns and manages 173 properties consisting of approximately 59,000 apartment homes nationwide. It maintains a workforce of approximately 1,600 employees to handle development, redevelopment, and acquisition strategies.
In FY 2025, revenue reached nearly $1.6 billion, growing roughly 1.9% year over year. Net income for the period was approximately $384.5 million, a significant increase from the $163.3 million reported in 2024. The company achieved a net margin of 24.4%, which is the percentage of revenue remaining after all expenses. This performance shows a strong recovery in profitability compared to the previous fiscal year.
As of its December 2025 balance sheet, the debt-to-equity ratio is 0.9x. This metric compares total debt to shareholder equity to show how much a company relies on borrowing to fund its operations. The current ratio of 0.1x measures short-term liquidity, indicating the company's ability to cover immediate financial obligations with its most liquid assets. Free cash flow reached nearly $386.2 million, which represents the cash generated from day to day business after paying for investments in property assets.
The case for Invitation HomesInvitation Homes operates as the nation's largest single-family home leasing and management company. It manages approximately 80,000 homes across 16 metro areas, including high-demand markets like Atlanta, Phoenix, and South Florida. This scale allows the company to capitalize on the growing preference for suburban living while maintaining a professional management platform for its tenants. The company employs more than 1,100 associates to handle operations across its diverse geographic footprint.
During FY 2025, revenue reached nearly $2.7 billion, which is a 4.2% increase over the previous fiscal year. Net income climbed to approximately $587.9 million, up from $453.9 million in 2024. The company generated a net margin of 21.5%, which is a measure of how much profit is kept from every dollar of sales. This growth follows a steady trend from 2023 when the company reported revenue of roughly $2.4 billion.
The December 2025 balance sheet shows a debt-to-equity ratio of 0.9x, balancing borrowed funds and shareholder capital. Its current ratio is 1.5x, which is a liquidity measure showing the company has $1.50 in current assets for every dollar of short-term debt. Free cash flow for the year reached nearly $963.5 million, providing significant capital for property maintenance and the integration of its expansion into land development.
Risk profile comparisonCamden Property Trust faces risks related to short-term lease exposure, development project risks, and nearly $3.9 billion in total debt. Because lease terms average fourteen months, the company is vulnerable to falling rental rates as tenants can leave quickly. Furthermore, the trust faces execution risks on projects with roughly $155 million in expected costs for 2026. Catastrophic weather in regions prone to hurricanes or earthquakes also poses a threat to property values and insurance costs.
Invitation Homes deals with platform dependence, rising regulatory scrutiny, and interest rate sensitivity. The company relies on a single dominant listing platform, meaning changes in that platform could hurt occupancy levels and lead generation. Additionally, Invitation Homes has roughly $2.6 billion in variable-rate debt, which increases its vulnerability to rising interest expenses. Rising property taxes and insurance premiums also create inflexible costs that may exceed the company's ability to increase rents.
Valuation comparisonInvitation Homes looks cheaper for investors as it carries a lower forward P/E and a more modest P/S ratio than its peer.
MetricCamden Property TrustInvitation HomesSector BenchmarkForward P/E71.1x36.9x33.3xP/S ratio7.4x6.5xSector benchmark uses the SPDR XLRE sector ETF. Valuation metrics sourced from Financial Modeling Prep (FMP) and may differ from other data providers.
Which stock would I buy in 2026?If you’re looking for the investment upside of owning property without the time commitment and risk of becoming a landlord, investing in REITs like Camden Property Trust and Invitation Homes is a smart idea. REIT investing can unlock portfolio diversification, capital appreciation, and steady income generation, an attractive trifecta for investors. Which REIT is the better pick in 2026? I’m more interested in Camden Property Trust.
Camden specializes in multitenant apartment complexes, rather than single-family homes. Its luxury units in desirable urban areas means it appeals to young professionals who may be priced out of the traditional housing market. And with the rise of work-from-home and hybrid work models, many employees have more flexibility in terms of where they can live, which may make Camden’s properties — and amenities — attractive.
You’ll give up a little bit in terms of dividend yield, as Camden’s 3.66% trails Invitation’s 4% payout over the last year, but Camden’s stock is also performing much better at the moment. Both REITs have delivered losses over the last year, with Invitation down 11.5% and Camden down just about 1%, amid a difficult housing market and uncertain economic landscape. But with dividends reinvested, Camden comes out on top with a 3% total return gain. It’s been a challenging period for the real estate sector, as consumers are crunched and interest rates remain stubbornly high. But if you’re bullish on a turnaround, now could be the time to make a contrarian pick before the sector gains steam.
SpaceX (SPCX, Financials) is back in focus after Elon Musk said the company could generate $1 trillion in revenue by 2030, just days after its record-setting IPO.
Musk made the comment on X, adding that he would be surprised if revenue was not above $1 trillion in 2031.
The statement gives investors another big number to consider after SpaceX went public at a valuation above $2 trillion. The company is now one of the most valuable U.S. businesses, but its current revenue is still much smaller than other companies with similar market values.
SpaceX reported 2025 revenue of $18.67 billion, up from $14.02 billion a year earlier. It also posted a net loss of $4.94 billion.
Wall Street appears more cautious. Goldman reportedly expects SpaceX revenue to top $470 billion in 2030, while Morgan Stanley sees nearly $330 billion.
For investors, the story is simple: Musk is selling a massive growth vision, but SpaceX still has to prove it can scale revenue and move toward profitability.
Kingdom Holding rose after SpaceX's 19% debut gain lifted its stake value to $6.8 billion. Summary
Gulf investors are gaining fresh exposure to Musk’s space and AI ecosystem.
SpaceX's SPCX public-market debut is already creating a major mark-to-market boost for Gulf investors, with Prince Alwaleed bin Talal's Kingdom Holding Co. rising at Sunday's open after the rocket and satellite company's first-day share surge lifted the value of its stake to almost $7 billion. Kingdom Holding said it owns 42.4 million SpaceX shares, valued at $6.8 billion based on the company's closing price, representing roughly half of Kingdom's own market capitalization. Kingdom shares rose as much as 5%, valuing the Saudi investment firm at 56 billion riyals, or $14.9 billion, showing how SpaceX's listing could be reshaping investor attention around Gulf-linked technology exposure.
SpaceX, formally known as Space Exploration Technologies, began trading on Friday after raising $75 billion in the largest listing of all time. The stock closed up 19% at $160.95, delivering tens of billions of dollars in returns for a small group of early investors. Founders Fund, led by Elon Musk's longtime associate Peter Thiel, owns roughly 3% of SpaceX, while Andreessen Horowitz is set to receive the biggest return in its history, and Sequoia Capital, which first backed SpaceX at the end of 2019, owns about 1.5% of the company. Kingdom Holding previously said its stake represents 0.34% of SpaceX, while Prince Alwaleed's personal exposure amounts to about 0.29%, helping lift his net worth to just over $27 billion, a decade-high, according to the Bloomberg Billionaires Index.
The SpaceX listing could also strengthen Saudi Arabia's wider exposure to Musk's expanding technology ecosystem, especially as the $1 trillion Public Investment Fund owns a stake in Kingdom Holding and backs Humain, an AI firm that invested $3 billion into Musk's xAI this year as part of a $20 billion funding round. Humain said at the time that its significant minority stake in xAI would convert into SpaceX shares, adding another possible layer of upside tied to the debut. Regional capital has also been moving deeper into AI, with Abu Dhabi's MGX holding stakes in Anthropic, OpenAI and xAI, while Qatar has invested in both Anthropic and xAI. For investors, SpaceX's first trading session is possibly becoming more than a space IPO story — it could be a fresh signal that Gulf capital is increasingly tied to the next phase of AI, space and private technology monetization.
SpaceX's $2 trillion initial public offering is so far crowning more winners than losers.
One of them is arguably blockchain-based exchanges like Hyperliquid and Binance, which offered perpetual futures on SpaceX in the lead-up to the IPO.
Perpetual futures, or "perps" as they're called among traders, are derivative contracts with no expiration date that have gained popularity with international traders and are increasingly becoming a part of U.S. market structure. The CFTC recently approved prediction market operator Kalshi to trade bitcoin perps.
Perp market traders had a form of early access to SpaceX, and the trading closely aligned with later prices in the stock market.
As bankers hustled behind closed doors to price the deal and reporters indicated a first price of as high as $175, SpaceX perp-traders on Hyperliquid were buying and selling futures as high as $180 around the opening bell and as low as $153 just before the first trade came in at $150.
"Where there's opportunity for liquidity, savvy people will find ways to get it," said David Schamis, founding partner at Atlas Merchant Capital and CEO of Hyperliquid Strategies, a Treasury reserve strategy that owns Hyperliquid cryptocurrency tokens. "This is not just retail people punting for the fun of it. The perps are leading and so far those that have been listed before IPOs have done a pretty damn good job."
More than 7 million SpaceX perps traded on Hyperliquid on Friday for more than $1.2 billion in volume, according to exchange data compiled by CNBC. Meanwhile, about 500 million shares of SpaceX traded in its debut session.
After hitting a high of $176.52, the stock closed at $160.95, giving SpaceX a Day-1 market capitalization of over $2.1 trillion.
SpaceX, 1 day
The accuracy of the perp pricing for such a high-profile event keeps pressure on traditional exchanges who have to keep up with the rapid evolution of investment products and asset classes like event contracts and perpetual futures.
Earlier this month shares of CME, Cboe and Nasdaq all slid when event-contracts giant Kalshi announced it will offer perpetual futures under the supervision of the Commodity Futures Trading Commission.
To be sure, by "traditional finance" standards, the SpaceX IPO went about as smooth as it could, particularly given the deal's unprecedented size.
"The bankers priced it perfectly – not too high, not too low," Jared Dillian, author of the Daily Dirtnap, said via phone. "You want a little bit of a pop on the IPO to reward shareholders but if it's too big a pop, SpaceX would have left money on the table. I was impressed. There were no trading problems. It went off without a hitch."
For cryptocurrency advocates, providing a whole new dimension of trading for the world's biggest stocks and securities on "decentralized" exchanges like Hyperliquid is a much-needed success story for blockchain technology as a serious Wall Street disruptor. Bitcoin's been underperforming stocks for over a year-and-a-half, and digital asset Treasury companies like Strategy have gotten pummeled.
Meanwhile, Hyperliquid's own tradeable token is up over 150% this year, according to CoinMarketCap data.
"Perps are the best way to bring real-world assets on-chain," Atlas's Schamis said. "Bitcoin may go up, might go down, who knows, but the crypto rails built around it are what's really going to endure for many years. Hyperliquid is by far the best example of that."
Early SpaceX investor Ron Baron wasn't taking profits during its blockbuster stock-market debut. He was buying more.
The billionaire investor said Baron Capital purchased an additional $1 billion worth of SpaceX shares Friday during the company's initial public offering, increasing the firm's position in Elon Musk's rocket and satellite company to roughly $25 billion.
The purchase marks a fresh vote of confidence from one of SpaceX's earliest and most enthusiastic institutional backers, even after the company's valuation soared to $2 trillion.
"I think we're going to make hundreds of billions of dollars," Baron said Monday on CNBC's "Squawk Box." "What they've done isn't possible for anyone else to accomplish. Not possible. And so he's at least 10 years ahead of everyone else, as far as making satellites, as far as making rockets, as far as building networks."
Baron said he participated in the IPO to maintain his firm's ownership percentage as the company sold new shares to the public.
"I didn't want to get diluted," Baron said. "I wanted a billion dollars to keep our percentage the same ... I'm an investor in a business. I'm not buying and selling or trading."
Baron first invested in SpaceX in 2017 through employee tender offers when the company was valued at less than $22 billion and has since participated in 27 funding rounds.
As of March 31, SpaceX accounted for 33% of assets in the $10.4 billion Baron Partners Fund and 25.5% of the Baron Asset Fund. Combined with the firm's sizable position in Tesla, about half of the assets in some Baron portfolios are tied to companies led by Musk.
Baron acknowledged that SpaceX's valuation has climbed dramatically since his initial investment, but said he believes the company's growth potential remains vastly underappreciated.
"I think that with now being valued at $2 trillion, I think it's going to be valued in 10 years at $20 trillion, $30 trillion, $40 trillion," Baron said.
The veteran investor argued that Musk's ambitions extend beyond building a successful aerospace company.
"Normally, our economy doubles roughly every 10 years," he said. "What he thinks is, by the innovations and the work that he's doing, he's going to make the economy grow 10 times in 10 years, not double."
An El Al aircraft parked at Phuket International Airport, following regional airspace closures amid the U.S.-Israel conflict with Iran, in Phuket, Thailand, March 3, 2026. REUTERS/Napat... Purchase Licensing Rights, opens new tab Read more
JERUSALEM, June 15 (Reuters) - El Al Israel Airlines (ELAL.TA), opens new tab has signed a deal with Elon Musk's Starlink to make high-speed internet available across its fleet starting next year, the airline said on Monday.
Financial details of the agreement were not disclosed.
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Israel's flag carrier said SpaceX's (SPCX.O), opens new tab Starlink service would be offered free of additional charge and would allow hundreds of customers to connect simultaneously, including on long-haul flights.
Global airlines are pushing to attract premium customers, and fast in-flight Wi-Fi has become an increasingly important perk.
Starlink, which operates around two-thirds of all satellites in space and is the major driver of revenue for SpaceX, had as of last week signed up 11 new airline customers so far in 2026. It faces competition from Amazon (AMZN.O), opens new tab.
"The integration of Starlink technology into El Al aircraft is a significant step forward, allowing customers to stay connected in the air, enjoy live streaming and continue to work and communicate smoothly and without interruption," said El Al Chief Executive Levy Halevy.
The airline has a relatively new long-haul fleet of Boeing (BA.N), opens new tab 787 Dreamliner aircraft that is expected to continue growing in the next few years while it also expands its route network. It also has ordered Boeing 737 MAX aircraft for flights to Europe.
Since the Gaza war began in October 2023, El Al has faced limited competition and seen its profits rise as many foreign carriers suspended flights to Israel, though that is expected to change if an agreement between Washington and Tehran to halt the Iran war holds.
Key U.S. rivals Delta and United have already said they would resume flights to Tel Aviv in September.
Starlink, which uses thousands of low-Earth-orbit satellites rather than larger, slower geostationary satellites, is multiple times faster than legacy systems, according to Ookla, a broadband analytics firm.
Reporting by Steven Scheer; Editing by Kirsten Donovan and Joe Bavier
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Ron Baron, Baron Capital founder, CEO and portfolio manager, joins 'Squawk Box' to discuss the historic SpaceX IPO, Elon Musk's mission with the company, and more.
Elon Musk sat for a CNBC segment last week ahead of the largest IPO in history, and he did something a little odd for someone about to ask public markets for close to $75 billion. He talked about science fiction novels.
The improbable origin in an El Segundo warehouse Musk told CNBC he gave SpaceX (NASDAQ:SPCX) “less than a 10% chance of succeeding at all” when he started it, and figured “we should give it a try because if we don’t… we will never be a truly spacefaring civilization.” He credited COO Gwynne Shotwell as an early partner and recalled the company’s first home, a warehouse in El Segundo. “SpaceX was less than 10 people back then. We didn’t even have office furniture,” he said earlier this month.
SpaceX has raised over $9 billion of equity capital since its 2002 founding to fund Space and Connectivity. The Space segment became Adjusted EBITDA positive on a sustained basis in 2018, and Connectivity got there in 2023. From that warehouse to over 9,600 Starlink satellites in Low-Earth Orbit serving 164 countries is the operational base public buyers are being asked to underwrite.
Taking the fiction out of science fiction “That’s what SpaceX is all about, is to take the fiction out of science fiction and create an exciting, inspiring future for everyone,” Musk told CNBC. He acknowledged that Earth’s problems still deserve attention while arguing that inspiring visions of the future are necessary alongside that work.
The framing is consistent with his recent posts. Musk has been talking up a “major base on the Moon” and arguing humanity must secure “the long-term future of consciousness, both on Earth and other heavenly bodies” against meteor strikes and nuclear war. Whether mission talk justifies the valuation is the question buyers actually have to answer.
Democratizing the trip to the Moon and Mars Musk also pushed the democratization angle on CNBC, saying SpaceX wants to fly “anyone” to the Moon, Mars, and eventually beyond. The IPO itself follows similar logic at the cap table. JPMorgan CEO Jamie Dimon is leading a nationwide pitch to thousands of the bank’s wealthiest private-banking clients, which counts as democratization only if you squint, while retail access runs through Morgan Stanley’s retail allocation role alongside Goldman Sachs as lead-left and JPMorgan and Bank of America rounding out the syndicate.
Then there are the ETFs. ARK Space & Defense Innovation, Procure Space, and Tema Space Innovators are positioned to add SPCX exposure quickly once shares trade on NASDAQ. The plumbing for “anyone” to own a piece is being laid in real time.
What mission framing means for IPO buyers SpaceX generated $18.67 billion in 2025 revenue with a loss from operations of $(2.59) billion and Adjusted EBITDA of $6.58 billion, per the S-1 on file with the SEC. The first quarter of 2026 showed $4.69 billion of revenue against a $1.94 billion loss from operations and $1.13 billion in Adjusted EBITDA. The recent xAI acquisition added both compute ambition and cash burn to that mix.
Skeptics are loud. Michael Burry compares the SpaceX, OpenAI, and Anthropic frenzy to the dot-com bubble. Former Lehman trader Larry McDonald calls the valuations “astronomically unrealistic” and warns rapid index inclusion could rope passive retirement money into the trade at the top. NYU’s Scott Galloway flags the “supply flood” risk as Anthropic and OpenAI line up behind SpaceX, suggesting one of these debuts could give back 80%.
Buyers of SPCX would be funding a thesis that orbital data centers, millions of AI compute satellites deployable as early as 2028, Starship reusability, and cellphone-direct Starlink can all compound into something that justifies the price.
Tom Mueller, Founder and CEO of Impulse Space and first employee at SpaceX, discussed SpaceX's evolution from a risky startup in 2002 to a $2 trillion public company. He described early skepticism, repeated test failures, and key milestones such as reaching orbit, servicing the ISS, landing reusable rockets, and enabling global internet.
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“The reality is this name is likely sentiment-driven in the near-term,” Direxion CEO Douglas Yones told Benzinga. “The economics of the company alone could not warrant the lofty valuation.”
Hype Vs. FundamentalsSpaceX entered public markets with a valuation that has captivated investors for years. But Yones says the enthusiasm surrounding the company extends beyond what conventional financial analysis might justify today.
Instead, he pointed to a combination of factors fueling investor demand, including SpaceX’s status as the largest IPO ever, its leadership under Elon Musk and its potential role in the broader artificial intelligence investment theme.
“The combination of SpaceX as the largest IPO ever, its proximity to Elon, and its potential position in the broader AI trade all contribute to the fervor around this IPO,” Yones said.
The Biggest Bear CaseWhile much of the conversation around SpaceX has focused on its growth opportunities, Yones advises investors to pay attention to shifts in market sentiment.
“If sentiment changes and investors demand cash flows commensurate with its valuation, SpaceX could see some weakness,” he said.
That warning highlights the balancing act facing investors. For now, SpaceX appears to be trading on a mix of ambition, innovation and Musk’s star power. But as the excitement surrounding the IPO settles, investors may eventually begin asking a more traditional question: can the fundamentals keep pace with the hype?
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The launch highlights a simple reality: investor demand for SpaceX exposure isn’t waiting around.
From IPO To Leveraged TradeLOFF seeks daily investment results, before fees and expenses, equal to 200% of SpaceX’s daily performance.
The speed of the launch is notable. While many newly public companies spend months building a trading history before derivative products emerge, SpaceX has gone from private-market darling to leveraged ETF underlying asset in a matter of days.
Direxion said the fund is designed for active traders looking to express a short-term bullish view on the stock.
In comments shared with Benzinga, Direxion CEO Douglas Yones said the firm’s decades of experience managing leveraged products helped pave the way for the rapid launch. He pointed to “countless hours of due diligence” and the expertise of Direxion’s portfolio management and risk teams as key factors behind bringing LOFF to market so soon after SpaceX’s debut.
SpaceX Joins Direxion’s Single-Stock LineupThe ETF provider has become one of the biggest names in the single-stock ETF market, thanks in large part to products tied to high-profile names such as Tesla, Inc. (NASDAQ:TSLA).
“Few companies have been followed as closely as SpaceX,” said Mo Sparks, Chief Product Officer at Direxion. “With LOFF, active traders can act on that conviction from the start of public trading.”
The company said the launch builds on its existing suite of leveraged single-stock products that cater to traders seeking magnified exposure to market-moving names.
Betting On The Hottest New TickerSpaceX’s public debut has been among the most anticipated listings in years, drawing intense attention from both retail and institutional investors.
Now, traders looking for even more thrust behind their SpaceX bets have a new vehicle.
Whether SpaceX continues its ascent or experiences the turbulence that often follows blockbuster IPOs, LOFF ensures one thing: the market’s newest marquee stock already has a leveraged ETF riding shotgun.
Photo: berni0004 / Shutterstock
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SpaceX logo as an employe looks at his phone while making his way to work at the company’s facility on the day of the SpaceX IPO, in Hawthorne, California, U.S. June 12, 2026. REUTERS/Mike Blake Purchase Licensing Rights, opens new tab
CompaniesSEOUL, June 15 (Reuters) - South Korea's Mirae Asset Securities (006800.KS), opens new tab apologized to investors on Monday for failing to secure an allocation of SpaceX shares from the U.S. company’s initial public offering, adding that it would consider financial compensation for those affected.
In a letter to clients reviewed by Reuters, Mirae Asset Securities co-CEOs Kim Mi-seob and Heo Sun-ho said that despite being qualified to offer SpaceX shares to Korean investors, the brokerage, one of the underwriters for the SpaceX IPO, was ultimately left out of the final allocation by the U.S. lead underwriter.
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On Friday, SpaceX's stock market debut sent the company's value past $2 trillion, turning Elon Musk into the world's first trillionaire.
Earlier this month, the brokerage collected deposits worth $500 million from investors participating in a private placement. The offering's two tranches sold out within a few minutes, according to a person familiar with the matter.
"We made every effort until the very end to secure an allocation of shares. However, due to the discretionary final decision made by the lead underwriter in the United States, no shares were ultimately allocated to us," according to the letter. It said it was investigating the circumstances surrounding the decision.
"We are deeply disappointed and sincerely sorry to all customers who placed their trust in Mirae Asset Securities and participated in this offering."
The letter did not disclose the identity of the lead underwriter. Banks involved in the SpaceX IPO, including Goldman Sachs (GS.N), opens new tab, Morgan Stanley (MS.N), opens new tab, Bank of America (BAC.N), opens new tab and JPMorgan Chase (JPM.N), opens new tab, did not immediately respond to requests for comment outside of Asian working hours, while Citigroup (C.N), opens new tab declined to comment.
Investors who exchanged their funds into U.S. dollars to pay for the subscription deposits still had to cover exchange fees and absorb the impact of recent exchange rate fluctuations, according to Korea Economic Daily TV.
Yonhap News Agency reported on Sunday that South Korea's Financial Supervisory Service was investigating the circumstances surrounding the allocation failure. It was planning to scrutinize investor protection measures, including whether Mirae Asset sufficiently informed investors about the risk of the allocation falling through, the report said.
Reporting by Hyunjoo Jin and Yatoultra Ngui Editing by Tomasz Janowski
Our Standards: The Thomson Reuters Trust Principles., opens new tab
When SpaceX NASDAQ: SPCX closed its first day of public trading with a valuation of over a $2 trillion, the market structure shifted entirely.
The company shattered global capital-raising records at its IPO on Friday, June 12, raising $75 billion through 555.5 million shares priced at $135 each. By the closing bell, SpaceX surged 19% to settle at $160.95. Monday premarket action shows relentless institutional accumulation, pushing SpaceX up another 6% toward the $170 mark.
SpaceX (SPCX) Price Chart for Monday, June, 15, 2026
Zero Gravity: A Highly Engineered FloatSpaceX Today
$173.62 +12.67 (+7.87%)
As of 09:33 AM Eastern
This is a fair market value price provided by Massive. Learn more.
52-Week Range$149.34▼
$176.52Price Target$161.25
Beneath the headline numbers, an acute supply-and-demand imbalance is dictating immediate price action.
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Participating brokerages also made retail allocations stickier than in a typical IPO. Some platforms warned investors that quickly flipping SpaceX shares could hurt eligibility for future IPO access, while others used roughly 30-day anti-flipping restrictions. That reduced the amount of stock available for immediate retail resale and tightened the early trading float.
Insiders and certain pre-IPO shareholders are also subject to staggered lock-up restrictions, limiting how quickly additional shares can enter the market. That structure avoids a single 180-day release cliff and helps keep near-term supply tighter than it would be under a more traditional lock-up schedule.
The IPO also gives underwriters a built-in way to help steady the stock if early trading gets choppy. SpaceX granted its underwriters a 30-day option to buy up to 83.33 million additional shares at the IPO price, and Morgan Stanley is serving as the stabilization agent. If the stock comes under pressure, the underwriters can buy shares in the open market to help cover short positions. If demand stays strong, they can instead buy the additional shares directly from SpaceX. If SpaceX experiences sudden downside velocity over the next 30 days, Morgan Stanley will buy shares on the open market to cover that short position, with the goal of creating a hard floor. If upward momentum holds, Morgan Stanley can simply exercise its option to acquire the shares directly from SpaceX. Immense demand is currently colliding with an artificially starved float, creating the exact conditions for early-week upward volatility.
Orbital Computing: A Multi-Billion Dollar PivotSpaceX Stock Forecast Today12-Month Stock Price Forecast:
$161.25
0.19% Upside
Buy
Based on 5 Analyst Ratings
Current Price$160.95High Forecast$190.00Average Forecast$161.25Low Forecast$115.00SpaceX Stock Forecast Details
The fundamental debate raging among SpaceX's analyst community has very little to do with reusable rockets. The February 2026 merger with Elon Musk's artificial intelligence (AI) startup, xAI, fundamentally rewrote the financial DNA of SpaceX. Market perception has shifted aggressively from an aerospace infrastructure provider to a space-based artificial intelligence compute ecosystem.
SpaceX currently commands an estimated 90% to 95% of future orbital launch capacity. That near-monopoly on orbital access provides a structural moat unrivaled in modern public markets. The cost of maintaining and expanding that moat is staggering.
First-quarter 2026 capital expenditures hit $10.1 billion, representing a leap from the $4.1 billion spent during the same period last year. SpaceX deployed the bulk of that capital toward developing orbital data centers to power high-density compute workloads in low Earth orbit for the xAI integration. By placing server racks in space, xAI aims to bypass terrestrial power grid constraints and land-use restrictions, a visionary pitch that requires astronomical upfront costs.
This hyper-aggressive capital allocation strategy printed a fiscal 2025 net loss of $4.94 billion on $18.7 billion in revenue. First-quarter 2026 metrics show accelerating revenue of $4.69 billion, paired with negative earnings per share of $1.27.
Institutional sentiment is sharply divided on how to price this cash furnace. NewStreet Research initiated coverage with a $165 price target, arguing that investors must view SpaceX through a two-decade lens to price in the insurmountable launch advantage. Morningstar analysts took a radically different view, slapping a $63 price target on SpaceX. Morningstar cites the sheer payload costs and capital intensity of the artificial intelligence pivot as a severe threat to near-term cash flow, labeling SpaceX broadly overvalued.
Gravitational Pull: Lifting Sector-Wide ValuationsThe $2 trillion market capitalization validates the orbital economy as a premier investable mega-trend. When the largest player in a nascent sector goes public at a historic valuation, it forces a multiple rerating across the entire industry. Institutional portfolios that missed out on primary allocations or are structurally underweight due to SpaceX's large market capitalization must deploy capital into adjacent peers to maintain sector exposure.
This dynamic creates a rising tide for pure-play infrastructure alternatives. Macro funds no longer view companies like Rocket Lab Nasdaq: RKLB and Intuitive Machines Nasdaq: LUNR as speculative ventures in the aerospace sector. Wall Street now benchmarks Rocket Lab and Intuitive Machines against a $2 trillion titan.
While neither Rocket Lab nor Intuitive Machines has SpaceX's artificial intelligence compute pipeline, Rocket Lab offers viable launch logistics exposure at a fraction of SpaceX's valuation multiple. This setup makes both Rocket Lab and Intuitive Machines prime targets for capital rotation as the broader market digests the new orbital baseline established by SpaceX.
Hyperdrive Activated: Leverage, Options, and Index FlowsFundamental valuation models will likely take a back seat to raw market mechanics this week. The immediate trading environment is wired for extreme volatility, driven by leveraged derivatives and forced index accumulation.
After a brief regulatory delay intended to preserve orderly trading on IPO day, ProShares launched a highly aggressive synthetic instrument on Monday morning. ProShares Ultra SpaceX NYSE: SPCF offers traders 200% daily leveraged exposure to SpaceX. Because ProShares must rebalance ProShares Ultra SpaceX at the end of every trading session, ProShares is forced to buy into strength and sell into weakness, mathematically exacerbating intraday price swings in SpaceX.
Standard options contracts on SpaceX are expected to begin trading on Tuesday, June 16, 2026. Pre-IPO perpetual futures on the Hyperliquid exchange priced SpaceX at a heavy premium, suggesting that pent-up speculative capital is poised to flood the derivatives market. When retail traders flood into call options, market makers must hedge those positions by buying the underlying SpaceX stock. Combining an artificially tight retail float with massive market-maker buying often leads to severe implied volatility and intense gamma squeezes.
Adding absolute fire to these structural mechanics is impending index inclusion. Passive funds tracking major benchmarks such as the Nasdaq 100, MSCI, and Russell indexes could be mandated to acquire SpaceX shares this month.
Nasdaq’s updated methodology allows certain large new listings to qualify for fast entry, FTSE Russell now allows eligible large IPOs to enter Russell U.S. indexes after the fifth trading day, and MSCI has long-standing fast-track rules for large IPOs that can lead to inclusion after 10 trading days. However, SpaceX is not getting the same fast-track path into the S&P 500, where S&P Dow Jones Indices kept its existing seasoning, profitability, and float requirements in place.
These passive vehicles may not have the luxury of waiting for a fundamental pullback, as passive funds must buy at market prices to track their respective indexes accurately.
Re-Entry Protocols: Hedging the Imminent VolatilityActive traders might use the emerging derivatives market to hedge SpaceX exposure as this complex web of catalysts unfolds. Long-term investors who believe in the orbital data center thesis may prefer to let the initial wave of derivative-driven volatility settle before establishing a core SpaceX position. Those with a more conservative mandate might look toward the broader aerospace sector, seeking multiple expansion opportunities in adjacent infrastructure peers like Rocket Lab, while the primary float digests this historic public debut.
Should You Invest $1,000 in SpaceX Right Now?Before you consider SpaceX, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and SpaceX wasn't on the list.
While SpaceX currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
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SpaceX made its debut at the Nasdaq on Friday, climbing more than 19% on its first day of trading and rising above a $2 trillion market valuation. But while the arrival of the company to public markets is squared away, some of its other long-term plans are years in the future.
Elon Musk's company in its initial public offering prospectus with the Securities and Exchange Commission repeatedly focused on the "Moon, Mars and beyond." The company's goal for Mars is so large that Musk won't get a bonus of restricted shares unless SpaceX establishes a colony on the planet with more than 1 million inhabitants.
But when that will happen is years from now, traders on prediction market platform Kalshi think.
Traders see just an 18% chance that SpaceX launches a human mission to Mars by 2030. Since the event contract first launched in March 2024, traders have never seen more than one-in-four odds of the mission happening this decade.
The event contract will resolve to yes if SpaceX verifies a manned mission to Mars by Dec. 31, 2029.
Traders' uncertainty mirrors SpaceX's own plans. In its prospectus, SpaceX made clear it doesn't have a vision for when a Mars mission may happen.
"Many of our initiatives… involve significant technical complexity, unproven technologies or technologies that do not exist, and such initiatives may not achieve commercial viability," SpaceX said. "As a result, the timeline for certain of our initiatives involving unproven or new innovations ... may be difficult or impossible to determine."
But while an exact timeline may be unknown, the company's focus on Mars is clear. The planet was mentioned 63 times in the prospectus itself, and once in a photo caption featured in the document.
When shares of Elon Musk’s rocket-and-satellite empire began trading on the Nasdaq under the ticker SPCX last Friday, they did so as the largest initial public offering the world has ever seen.
Priced at $135 per share, the deal valued the company at roughly $1.77 trillion — larger than Tesla on day one. The stock opened at $150, climbed as high as $176.52, and closed its first session at $160.95, a gain of 19.2% from the IPO price.
Trading volume was staggering, with more than 500 million Class A shares changing hands and dollar volume approaching $33 billion. To put the scale in perspective, at its pre-money valuation, the listing generated more exit value than every venture-backed IPO of the past decade combined.
So, the obvious question for investors watching from the sidelines is – can a company already worth $1.77 trillion still reward shareholders from here?
Image Source: StockCharts
Why SpaceX Stock May Soar Even HigherI think the honest answer is that it can — but the case rests less on the rockets that made SpaceX famous and more on the quieter business orbiting overhead.
That business is Starlink, and it is the heart of the bull thesis. What began as a satellite-internet experiment has become a genuine cash engine. Starlink subscribers reached 10.3 million in the first quarter of 2026, up from 8.9 million at the end of 2025 and just 2.3 million in 2023.
It operates in more than 160 countries, carries a 63% EBITDA margin, runs at roughly a $1.2 billion quarterly profit run-rate, and accounts for over 60% of total company revenue — and it is the only profitable segment.
Early Street estimates put Starlink’s 2026 revenue somewhere between $15.5 billion and $20 billion, and the business reportedly turned free-cash-flow positive back in 2024. The mechanics are elegant once you see them: the constellation was an enormous upfront capital cost, but with thousands of satellites in orbit and falling terminal costs, the marginal cost of each new subscriber collapses while subscription revenue keeps compounding. That is a recurring, utility-like cash profile bolted onto a hyper-growth subscriber curve — and it’s why some analysts argue Starlink alone could be a premier standalone public company.
Then there’s the moat that makes all of it possible: launch. SpaceX is the only company on Earth that can deploy its own multi-thousand-satellite constellation at scale, on its own reusable rockets, at a fraction of the cost of anyone else. The internal cost of a Falcon 9 launch runs between $15 million and $30 million per mission, a structural advantage no expendable-rocket competitor can match.
The Space segment generated about $4 billion in revenue in 2025, even as the company poured roughly $3 billion into Starship development. That spending is the bridge to the next chapter: Starship is intended to launch next-generation Starlink satellites, enable satellite-to-mobile connectivity, and eventually support orbital data centers. Vertical integration means every dollar invested in cheaper launch compounds the economics of the cash-generating constellation above it.
The wild card — and it is genuinely a wild card — is artificial intelligence. SpaceX acquired xAI, the maker of Grok, in February 2026, folding it into an AI division whose spending is now substantial; the AI segment posted a $6.35 billion operating loss in 2025.
Wedbush analysts have argued that a meaningful slice of the valuation reflects an “orbital intelligence” narrative — the idea of integrating Grok directly into the Starlink network for on-orbit edge computing. This is the most speculative part of the story, and investors should treat it as high-risk optionality rather than a reason to buy. If it works, it’s transformational. If it doesn’t, it’s an expensive distraction that Starlink’s profits are currently subsidizing.
Risks Worth NotingSpaceX is expected to post its first quarterly results as a public company in August or September — a genuine catalyst worth waiting for. Because the company listed only days ago, there is no Zacks Rank yet and no settled Zacks Consensus EPS figure; the Zacks Rank is built on a history of earnings estimate revisions that simply doesn’t exist for a two-day-old stock.
Which brings us to the risks, and they are not small. Operating losses are rising. But the valuation is the headline concern: at $1.77 trillion, the stock trades at well over 100 times trailing sales, a multiple far richer than Tesla or Palantir.
A 180-day lock-up expiration looms as a potential source of volatility once insiders are free to sell, and the heavy xAI cash burn continues to weigh on consolidated profitability. Add Starship execution risk, the company’s reliance on a single visionary founder, and the early governance questions already raised in Washington, and you have a stock that will almost certainly trade with violent swings.
Bottom LineSpaceX (SPCX - Free Report) is a genuinely extraordinary franchise with a real, compounding profit engine in Starlink and a launch moat no competitor can touch.
But it has gone public priced for a future that still has to be built. For investors who believe in the arc of the story, the smart approach is patience — let the lock-up volatility and that first September earnings print clear some of the fog, size any position with the valuation firmly in mind, and treat the AI optionality as upside rather than the foundation.
The rocket has launched. Whether it reaches escape velocity from here is, fittingly, a question of how much altitude is already in the price.
For what feels like the first time in months, the hottest trade in the market might not be an AI stock. Shares of Toll Brothers Inc NYSE: TOL, the luxury homebuilder, closed last week around $148, up about 20% since its earnings report in the back half of May. For context, over the same period, the S&P 500 is roughly flat, while some of the AI darlings that had been leading the market higher, like NVIDIA Corp NASDAQ: NVDA, have shed more than 10%.
Toll Brothers Today
TOL
Toll Brothers
$150.33 +3.23 (+2.20%)
As of 09:33 AM Eastern
This is a fair market value price provided by Massive. Learn more.
52-Week Range$104.09▼
$168.36Dividend Yield0.69%
P/E Ratio11.35
Price Target$163.56
That's a stark divergence, and it comes after weeks of seemingly relentless gains across the AI and chip space. Investors appear to be taking profits on the year's most crowded trades and rotating into traditional names that have been left behind.
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If that's a trend with legs, then few stocks look better positioned to benefit than Toll Brothers. The company has fresh earnings momentum, a wave of analyst upgrades behind it, and a valuation that seems to belong to a different market entirely. Let's jump in and take a closer look below.
The Earnings Report That Lit the FuseThe rally didn't come out of nowhere. Toll Brothers delivered a strong earnings report last month, beating expectations and raising its full-year guidance, reminding investors just how well the underlying business has been performing while the market's attention was elsewhere.
Management leaned into the company's unique position as "the nation's leading builder of luxury homes," with operations spanning dozens of markets and a customer base of affluent buyers who are far less sensitive to economic wobbles than the average house hunter. That positioning has been a quiet superpower for years, and it's once again showing up in the numbers.
The shareholder return story is just as compelling. The company has been aggressively buying back its own stock, which is always a good sign, and has recently raised its quarterly dividend as well. In other words, you have a business firing on all cylinders with a management that’s confident enough in its trajectory to be buying back its stock.
The Valuation Still Screams BargainHere's where the opportunity gets especially interesting for those of us on the sidelines weighing it up. Despite the recent surge, Toll Brothers shares are still trading at the same level as almost two years ago, with a notably weak start to the year before the earnings report turned things around.
The stock's price-to-earnings (P/E) ratio of just 11 underlines the point. In a market where investors have been paying 50, 100, or even several hundred times earnings for AI exposure, a profitable, dividend-raising market leader trading at 10 times earnings looks like something close to a bargain. In fact, you'd be forgiven for wondering how it stayed this cheap for this long.
The answer, of course, is that the market simply hasn't been paying attention to anything outside of AI. That's precisely what makes the current rotation so significant. If even a fraction of the capital that's been flowing into semis in recent weeks starts looking for a new home, quality names like this could be the first port of call.
Current Price$146.95High Forecast$187.00Average Forecast$163.56Low Forecast$115.00Toll Brothers Stock Forecast Details
Making the opportunity even more attractive is the fact that the analyst community has also been leaning into the upside potential. BTIG Research, for example, upgraded the stock from Neutral to Buy earlier this week, echoing similarly bullish updates from UBS, Benchmark, and Argus this month already. That's a notable cluster of upgrades landing in a very short window, and it tells you the smart money is starting to position for exactly the scenario playing out right now.
Argus's update in particular is worth highlighting. Its $170 price target implies more than 15% upside from where the stock is currently trading, and that's on top of the 20% gain already logged since last month’s earnings. For a stock that had spent most of the year trending down, that kind of shift is hard to ignore expectations.
A Rotation Worth Taking SeriouslyOf course, none of this is to say the AI trade is finished. The technology story driving those stocks remains genuinely transformational, and pullbacks of the kind we're seeing right now have so far proven temporary. But markets move in cycles of enthusiasm, and after months of one-way traffic into AI names, a period of rebalancing was always likely.
The question for investors is where that rebalancing capital flows, and Toll Brothers makes a strong case for itself as a major beneficiary. A market-leading brand that’s beating estimates, raising guidance, running aggressive buybacks, and increasing its dividend, while trading with a P/E ratio of just 10, is a rare combination at the best of times. While the price action in the AI space is telling investors to be careful, everything about Toll Brothers is telling them to take a closer look.
Should You Invest $1,000 in Toll Brothers Right Now?Before you consider Toll Brothers, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Toll Brothers wasn't on the list.
While Toll Brothers currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
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Meta Platforms (META, Financials) is making a renewed push to establish itself as a major force in artificial intelligence, but investors are increasingly focused on one question: when will the spending translate into meaningful new revenue?
Over the past year, CEO Mark Zuckerberg has invested heavily in AI talent and infrastructure, including a multibillion-dollar effort to strengthen Meta's internal AI development. The launch of Muse Spark, the company's latest proprietary AI model, has helped put Meta back into conversations about the industry's next phase.
The challenge is that investors already see AI improving Meta's advertising business through better recommendations, targeting and engagement. What they want now is evidence that AI can become a standalone growth engine.
That pressure is heightened by Meta's history with Reality Labs, the division behind its metaverse ambitions, which has generated more than $80 billion in cumulative losses. While AI represents a much larger market opportunity, investors are looking for clearer signs of commercialization this time around.
Meta does have advantages. Its AI tools can be distributed across Facebook, Instagram, WhatsApp and its growing portfolio of AI-enabled devices, giving the company access to billions of users. The question is whether that reach can be converted into products and services that generate meaningful revenue beyond advertising.
For investors, the next phase of Meta's AI story is likely to be measured less by technological breakthroughs and more by adoption, monetization and financial returns.
Analyst’s Disclosure: I/we have a beneficial long position in the shares of META, GOOGL either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Tesla recently stopped producing its Model Y SUV so it could focus on mass-producing AI-trained humanoid robots. (Photo by Spencer Platt/Getty Images)
Tesla stock rose early Monday, along with the market, after President Trump announced a memorandum of understanding to effectively end the war started three months ago.
Ross Gerber, president and CEO of Gerber Kawasaki Wealth & Investment Management, said that he feels a that a merger to combine SpaceX and Tesla is a 'forgone conclusion' and that he believes its been propping up Tesla's stock as people wait for an opportunity to own SpaceX. Gerber says that despite some concerns about Musk's complete control over both companies, he feels that investors know what they are getting into putting their money in his hands and that investors who have a problem with it shouldn't buy the stock.
Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.
McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.
His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.
A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.
TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.
McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.
Key Takeaways NYT, ARKO, BGS and KO were highlighted as defensive picks as May CPI climbed 4.2%.ARKO's current-year earnings growth is projected at 93.3%, with estimates up 11.5%.BGS offers an 18.86% dividend yield, while KO's beta stands at a low 0.35. Consumer prices continued to climb in May as rising oil costs put fresh pressure on the economy, increasing fears of a potential slowdown. Although a peace deal was reached between Iran and the United States, it is too early to predict how fast oil prices will return to normal.
The Federal Reserve has continued to struggle to bring inflation back under control in the past few months and is now mulling hiking interest rates at the end of the year.
Against this backdrop, investors may consider defensive stocks from the consumer staples sector, such as The New York Times Company (NYT - Free Report) , Arko Corp. (ARKO - Free Report) , B&G Foods, Inc. (BGS - Free Report) and The Coca-Cola Company (KO - Free Report) .
These stocks have seen positive earnings estimate revisions in the past 60 days, carry a Zacks Rank #2 (Buy) at present, and are set for solid returns. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Inflation Rises in MayThe Consumer Price Index (CPI), a key measure of the prices consumers pay for goods and services, rose 0.5% in May from the previous month after increasing 0.6% in April, according to the Commerce Department's report released Thursday. On a year-over-year basis, CPI climbed 4.2%, recording its biggest increase since April 2023.
While both the monthly and annual figures matched economists' expectations, inflation has steadily accelerated over the past three months. Year over year, CPI increased 3.3% in March before rising to 3.8% in April.
Core CPI, which excludes the more volatile food and energy costs, increased 0.2% in May from the prior month and 2.9% compared with a year earlier. The monthly gain came in below analysts' expectations of 0.3%, while the annual reading aligned with forecasts.
Inflation surpassed the 4% threshold for the first time in three years as oil prices surged owing to the Middle East crisis. Over the weekend, President Donald Trump suggested that Iran had agreed to a peace deal, which was finally signed on Sunday, ending the months-long war.
Trump also assured that the end of the war would reopen the Strait of Hormuz immediately. Although this hints at lower oil prices in the near term, it remains unclear when energy prices will return to normal.
Oil prices have jumped nearly 40% since the conflict began, pushing inflation to its highest level in three years.
The Federal Reserve, which uses CPI data to track its 2% inflation target, paused its rate cuts last year. Earlier, investors had expected the central bank to resume lowering interest rates during the second half of this year.
Now, several Fed officials believe interest rate hikes could become necessary if inflation remains above the 2% target. Higher interest rates would raise borrowing costs and could place additional pressure on both consumers and investors.
4 Low-Beta Consumer Staples Stocks With Growth PotentialThe New York Times CompanyThe New York Times Company is a leading global media organization focused on delivering high-quality journalism and information. Founded in 1851 and incorporated in 1896, NYT has evolved from a traditional newspaper publisher into a diversified digital-first media company with a strong global subscriber base and a growing portfolio of lifestyle and entertainment products.
The New York Times Companyhas an expected earnings growth rate of 19.1% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 5% over the last 60 days. NYT has a beta of 0.95 and a current dividend yield of 1.25%.
Arko Corp. Arko Corp.’s primary asset is a controlling stake in GPM Investments. ARKO, formerly known as Haymaker Acquisition Corp. II, is based in Richmond, VA.
Arko Corp’s expected earnings growth rate for the current year is 93.3%. The Zacks Consensus Estimate for current-year earnings has improved 11.5% over the past 60 days. ARKO has a beta of 0.98 and a current dividend yield of 1.39%.
B&G FoodsB&G Foods, Inc. boasts a diversified portfolio of more than 45 brands, including B&G, B&M, Cream of Wheat, Las Palmas, Mama Mary's, Maple Grove Farms, Mrs. Dash, New York Style, Ortega, Pirate's Booty, Polaner, SnackWell's, Spice Islands and Victoria. Many of these brands hold leading market shares in different regions. BGS frequently engages in acquisitions and innovations to further strengthen its portfolio.
B&G Foods has an expected earnings growth rate of 11.8% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 5.6% over the last 60 days. BGS has a beta of 0.49 and a current dividend yield of 18.86%.
The Coca-Cola CompanyThe Coca-Cola Company’s strong brand equity, marketing, research and innovation help it to garner a market share of more than 40% in the non-alcoholic beverage industry. KO is putting its best foot forward to evolve its business model to become a total beverage company with something for everyone to drink. The Coca-Cola Company has coped with the industry-wide flattening of soda sales over the years by going on a buying spree and making investments in healthier alternatives like coffee, sparkling water and sports drinks.
The Coca-Cola Company has an expected earnings growth rate of 8.7% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 0.9% over the past 60 days. KO has a beta of 0.35 and a current dividend yield of 2.57%.
Up to this point, Meta Platforms NASDAQ: META has failed to thoroughly convince markets that its artificial intelligence (AI) spending will pay off long-term.
Meta Platforms Today
$584.84 +17.86 (+3.15%)
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52-Week Range$520.26▼
$796.25Dividend Yield0.36%
P/E Ratio21.10
Price Target$840.60
Meta shares are down more than 15% over the past 52 weeks. This contrasts greatly with the sentiment and return of another key Magnificent Seven player: Alphabet NASDAQ: GOOGL. Alphabet shares have doubled in value over the same period, with the firm showing accelerating growth in its cloud segment.
Amid its success, Alphabet just made a significant announcement. The company said it would raise $84.75 billion through a share issuance program as it looks to further scale its AI capacity. Even with Alphabet’s demonstrated AI strength, investors didn’t react kindly to the news.
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Recent reports say that Meta could follow Alphabet’s equity issuance footsteps. Given this, it is worth examining what an equity raise could mean for the company and investors.
Meta Reportedly Considers Large Equity Raise After Alphabet’s Big AnnouncementNotably, Alphabet shares fell by 4% on the day it announced its funding move, even while the S&P 500 rose slightly. Alphabet’s originally planned equity raise of $80 billion represented around 1.8% shareholder dilution. That figure ticks up very slightly to around 1.9% when considering its upsized $84.75 billion offering.
Overall, this is a relatively minimal amount of dilution, but the market’s reaction was still reasonable. At the end of the day, the raise means that each pre-existing shareholder will own less of the company, all else being equal.
Days later, reports emerged surrounding Meta’s potential equity raise. Reports state that the company is mulling a stock offering valued at “tens of billions of dollars” that will go toward funding its AI strategy. While far from a concrete number, this indicates a significant potential funding round, and thereby shareholder dilution. Still, this move is not set in stone whatsoever, with reports noting that it is “premature” to say Meta has reached a final decision.
A Potential Meta Equity Raise: More Dilution for Less CashNonetheless, it is worth considering the extent to which Meta would need to dilute shareholders to raise tens of billions of dollars. The midpoint of Meta’s 2026 CapEx guidance is $135 billion, or approximately 73% of Alphabet’s midpoint CapEx guidance of $185 billion. Given that a potential Meta equity raise would go toward CapEx, it’s not unreasonable to anchor the value of that raise to 73% of Alphabet’s raise. Doing so would imply an equity raise of around $62 billion (73% of $84.75 billion). With a market capitalization of nearly $1.45 trillion, a $62 billion equity raise would lead to dilution of around 4.3%.
Thus, in order to raise $62 billion, or around $23 billion less than Alphabet, Meta would have to dilute shareholders more than twice as much. This shows how a potential Meta equity raise could be significantly less favorable to shareholders in comparison to Alphabet. Given this dynamic, it is possible that Meta shares could see a larger drop than Alphabet did if a raise became a reality. When comparing the outlooks of these two stocks, this is something investors should consider.
This is even more significant when thinking about a longer timeline. If hyperscaler equity raises were to become increasingly common, Meta’s relative disadvantage when it comes to dilution could compound over time.
Equity Raise Positives: Potential Funding Source for AI ProductsOn the other hand, it is worth thinking about the potential positives of a Meta equity raise. Up to this point, Meta has yet to release swaths of AI products. Most of its AI compute has centered on optimizing its advertising business across Facebook, Instagram, and WhatsApp. The company has clearly been successful in this. In Q1 2026, Meta’s revenue rose 33% year over year, its highest growth rate since 2021.
Current Price$566.98High Forecast$1,015.00Average Forecast$840.60Low Forecast$700.00Meta Platforms Stock Forecast Details
However, investors still want to see more out of Meta when it comes to AI offerings. Notably, it has been only two months since Meta unveiled Muse Spark, its latest AI model. Muse Spark is considerably more intelligent than Meta’s past LLaMa models, and although not a "frontier" model, Meta believes Muse Spark is competitive.
Putting a competitive AI model under its belt is an important prerequisite to releasing AI products that gain traction. All this is to say that, with Muse Spark still very new, it's fair to think Meta has meaningful AI products in its pipeline.
As Meta pursues such products, an equity raise would be a legitimate way to fund the growth of those products. In turn, Meta could assuage the concerns that have hurt its share price by creating new AI revenue streams.
Overall, while shareholder dilution is far from ideal, the payoff could be significantly greater in the long run.
Amid this, another factor to consider is Meta’s valuation. The stock currently trades at a forward price-to-earnings (P/E) ratio of around 19x. This is very close to its lowest level over the past three years and well below its three-year average near 23x.
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In Greg Abel's first letter to Berkshire Hathaway shareholders as CEO, he promised to preserve the culture at Berkshire Hathaway established by Warren Buffett. He emphasized financial strength and capital discipline as defining factors of Berkshire and its portfolio. But that hasn't stopped Abel from steering the company toward new investments.
Abel's largest investment so far has been his purchase of Alphabet (GOOG +0.45%) (GOOGL +0.53%) shares on the open market during the first quarter. He spent an estimated $11 billion buying shares, and he recently added another $10 billion to that investment. While Buffett long eschewed tech stocks like Alphabet, Abel is quickly making it a core holding for Berkshire's portfolio.
Image source: The Motley Fool.
An $85 billion bet on the future of artificial intelligence Abel's $10 billion investment in Alphabet is part of a larger $85 billion equity raise from the tech company. Abel was able to negotiate a discount on the shares in excess of the dilution the company faced from the equity offering. With the latest purchase, Alphabet is set to become Berkshire's fourth-largest position, according to publicly available information.
Alphabet plans to use the capital raised to fund additional artificial intelligence (AI) infrastructure and help employees pay taxes on stock-based compensation. Both seem like good uses of cash right now, as compute capacity and exceptional engineering talent are key growth drivers for Alphabet's business.
Google Cloud, Alphabet's cloud computing platform, is seeing accelerating revenue growth as more capacity comes online each quarter. Management shared plans to spend between $180 billion and $190 billion this year, with a significant increase in spending in 2027. That should fuel continued growth in Google Cloud revenue, which climbed 63% last quarter with operating margin expanding to 32.9% from 17.8% a year ago.
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A few other factors are driving meaningful growth in the cloud segment as well. The company has made tremendous progress over the last 18 months with its Gemini models, which are now on par with leading models from OpenAI and Anthropic. Additionally, its custom AI accelerator chips, Tensor Processing Units, have proven a good alternative to more expensive graphics processing units.
At the same time, Alphabet's core business, advertising, has seen improving revenue growth and profits thanks to valuable AI integrations. AI Overviews and AI Mode have increased engagement with Google Search. Additionally, AI has made advertising more effective by enabling better targeting and more effective ad creatives for marketers. As a result, Google Services is also seeing accelerating revenue growth and expanding operating margin.
At around 25 times earnings, Alphabet looks like a good value, given how quickly the company is growing its top line while expanding operating margins across its business. Abel's decision to double down around the current price makes sense, and considering the amount of capital left to deploy, it won't be a surprise to see him continue adding to the position if the stock moves lower.
Microsoft has been one of the early winners in the AI boom, offering products through its cloud unit. The AI business' annual revenue run rate climbed more than 100% in the recent quarter.
June saw a sudden and large uptick in Microsoft (NASDAQ: MSFT) stock insider selling activity.
Specifically, filings submitted to the Securities and Exchange Commission (SEC) since the year started show that there have been a total of six rounds of equity trading by senior company personnel, with five sell-offs and one purchase.
Between January and June, only two rounds of insider selling were reported, with the total value of MSFT shares sold amounting to $5.06 million. On June 1, 8, and 10, however, three substantial trades were executed, seeing senior personnel dump a total of $9.9 million of Microsoft stock.
Thus, just 10 days in June account for 66% of all insider selling year-to-date (YTD).
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Looking at the trades more closely, Executive Vice President and Chief Marketing Officer Takeshi Numoto engaged in two rounds of trading. On June 8, he sold 2,500 Microsoft shares at an average price of $412.45, making a total of $1.03 million.
Two days later, Numoto dumped 4,500 MSFT shares at an average price of $402.84 for a total of $1.8 million. The trades were reported on June 10 and 12, respectively.
Meanwhile, the first sale of the month was simultaneously the biggest. On June 2, Judson Althoff, the CEO of Microsoft Commercial, revealed that he dumped 15,500 shares at an average price of $460.99, raising a total of $7.14 million.
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Althoff’s trade is peculiar for a variety of reasons, of which the two most obvious are the fact that it was the single biggest insider trade of the company’s stock in 2026, and the fact that it came at a multi-month high price point for the equity – MSFT closed at $460.52 on the day, its highest value since the late January crash.
Microsoft stock price YTD chart. Source: Finbold While insider sales are, more often than not, a regular occurrence among major public firms that usually have little to do with actual business development, the situation with the latest Microsoft stock selling activity nonetheless came at an alarming moment.
Why June is a pivotal month for Microsoft stock Indeed, the sales came at approximately the same time as a debate over the costs of artificial intelligence (AI) came to a head as enterprise customers – led by Uber (NYSE: UBER) – started questioning whether expenses have led to meaningful gains, and as retail customers began their own revolt after GitHub Copilot moved to usage-based billing.
Overall, the first half of June marked at least a temporary turning point in the wider AI narrative.
Executives of major companies operating in the industry began aggressively walking back on their previous claims that the technology would lead to mass job extinction, major outlets started searching for the return on investment (ROI), politicians became more receptive to banning data center construction, and OpenAI started threatening a price war.
Simultaneously, and likely due to a mix of factors, including the voracious hunger for capital of the SpaceX initial public offering (IPO), which led to a substantial sell-off in the U.S. stock market, and analysts like Jim Cramer began publicly wondering if investors can truly finance the massive expected IPOs and Google’s (NASDAQ: GOOGL) $80 billion equity fund raise.
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The situation is particularly dangerous – and, given that June featured 66% of all Microsoft stock insider sales of 2026, concerning – because the AI boom has already turned numerous traditionally wealthy corporations cash-poor and saddled many others with significant debt, all the while leading to sky-high valuations.
Overall, unless the narrative finds a new bullish center of gravity before the SpaceX (NASDAQ: SPCX) hype and the tailwinds from the memorandum of understanding (MOU) between the U.S. and Iran expire, the boom might end up fully proven as a bubble and lead to a bust within months.
LongPoint expects to launch three ETFs - AMDU, MUU, ORBUNew Savvy ETFs provide two times leveraged long exposure to AMD, Micron, and SpaceX LongPoint is a Canadian owned and operated ETF providerToronto, Ontario--(Newsfile Corp. - June 15, 2026) - LongPoint Asset Management Inc. ("LongPoint") is proud to announce the launch of three new Savvy Double Leveraged Single Stock ETFs on the Toronto Stock Exchange (the "TSX") on Wednesday, June 17, 2026. The SavvyLong (2X) AMD ETF ("AMDU") offers two times leveraged long exposure to Advanced Micro Devices, Inc., the SavvyLong (2X) Micron ETF ("MUU") offers two times leveraged long exposure to Micron Technology, Inc., and the SavvyLong (2X) SpaceX ETF ("ORBU") offers two times leveraged long exposure to Space Exploration Technologies Corporation.
AMDU, MUU, and ORBU are the latest additions to Canada's only suite of double leveraged single stock ETFs based on popular, well-known actively trading stocks (the "Savvy ETFs"). These three Savvy ETFs seek daily investment results that endeavour to correspond, before fees and expenses, to two times (2X) the daily return (on a percentage basis) of their respective target common stock, do not hedge their exposure to the U.S. dollar, and trade on the TSX in Canadian Dollars.
"LongPoint is proud to add to Canada's only double-leveraged single stock ETF family, providing 2X and -2X exposure to US and Canadian companies," said Steve Hawkins, CEO of LongPoint. "We recognize the growing investor demand for additional 2X single stock exposures. With AMDU and MUU, we are adding exposure to leading semiconductor companies that are fueling the AI revolution. With ORBU, we are adding exposure to SpaceX, which had the largest ever company valuation at listing at approximately $2 trillion USD. SpaceX is the hot topic and traded over $82 billion USD on its IPO date this past Friday, demonstrating the significant investor interest in this issuer. These ETFs will offer knowledgeable, sophisticated Canadian investors TSX-listed solutions — trading in Canadian dollars — that enables them to tactically position their portfolios around company-specific news, technical signals, market events, or fundamental price outlooks."
With this launch, LongPoint continues to establish itself as a leader in innovative ETF solutions. The company entered the levered ETF market in December 2024 with its leveraged crude oil and natural gas ETFs, followed in May 2025 with the launch of Canada's first triple levered index ETFs, and has since launched Canada's only suite of double levered single stock ETFs. LongPoint is a proudly Canadian owned and operated company.
The Savvy ETFs have closed their offering of initial shares and will begin trading on the TSX when the market opens on June 17, 2026.
About LongPoint Asset Management Inc.
LongPoint Asset Management Inc. is a Canadian owned and operated company which delivers innovative ETF solutions designed to enhance your Canadian investing journey. Our dedicated team leverages deep industry connections and local insights to design, build and launch exceptional ETFs tailored for Canadian investors. LongPoint also offers its unique Partnership ETF platform, which simplifies the launch, operation, and growth of ETFs for its partner asset managers. LongPoint was Canada's fastest growing ETF provider in 2025, on a percentage basis, and offers 52 Canadian-listed ETFs with more than $400 million in assets under management.
Discover the advantage of investing with LongPoint.
AMDU, MUU, and ORBU (the "ETFs") are alternative mutual funds, and as such, the ETFs are permitted to use leveraged investment strategies that are not permitted for other types of mutual funds. The ETFs are highly speculative and use a significant amount of leverage which magnifies gains and losses. They are intended for use in daily or short-term trading strategies by very knowledgeable, sophisticated investors. If you hold the ETF for more than one day, your return could vary considerably from the ETF's daily target return. For example, you could lose your entire investment in one day if the ETF's daily target loses more than 50% in a single day. The negative effect of compounding on returns is more pronounced when combined with leverage and daily rebalancing in volatile markets. The ETFs are not suitable for investors who do not intend to actively monitor and manage their investments. In addition, the ETFs are concentrated and non-diversified, meaning they are only exposed to a single common stock. As a result, the ETFs' assets are more susceptible to the impact of any specific company event, or single economic, technological, or regulatory event, compared to a diversified portfolio.
The ETFs employ significant leverage, may experience amplified losses and should not be expected to return 200% over any period of time other than daily. The returns of the ETFs over periods longer than one day will likely differ in amount and possibly direction from the performance or inverse performance, as applicable, of the stock of the ETF for the same period. This effect is more pronounced for the ETFs as the volatility of the target index and/or the period of time increases.
This material is for informational purposes only. This material is not intended to be relied upon as research, investment, or tax advice and is not an implied or express recommendation, offer or solicitation to buy or sell any security or to adopt any particular investment or portfolio strategy. Any views and opinions expressed do not take into account the particular investment objectives, needs, restrictions and circumstances of a specific investor and, thus, should not be used as the basis of any specific investment recommendation. Investors should consult a financial and/or tax advisor for financial and/or tax information applicable to their specific situation.
Commissions, management fees, performance fees and operating expenses may all be associated with an investment in the ETFs. The ETFs are not guaranteed, their value changes frequently and past performance may not be repeated. The ETF Facts and prospectus contain important detailed information about each ETF. Please read the relevant documents before investing.
Certain statements may constitute a forward-looking statement, including those identified by the expression "expect" and similar expressions (including grammatical variations thereof). The forward-looking statements are not historical facts but reflect the author's current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking statements. These forward-looking statements are made as of the date hereof and the authors do not undertake to update any forward-looking statement that is contained herein, whether as a result of new information, future events or otherwise, unless required by applicable law.
Investors are strongly encouraged to seek legal advice or consult with their compliance officers to fully understand their obligations in respect of insider trading, insider reporting, and take-over bid rules in connection with investments in Shares of a Savvy ETF. Failure to comply with these obligations could result in regulatory scrutiny or enforcement action.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/301485
Source: LongPoint Asset Management Inc.
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Alibaba BABA affiliate Ant Group is preparing a major AI redesign of Alipay, as China's super app battle with Tencent's WeChat moves into a more automated phase.
Bloomberg reported that Ant is testing a new version of Alipay built around an AI agent interface. The assistant, called Ah Bao, would let users book rides, order coffee, arrange food delivery and manage investments through text or voice prompts. With user approval, it could also buy mutual funds, pushing Alipay beyond payments and deeper into everyday financial and lifestyle tasks.
The move comes as Alipay and WeChat race to bring AI agents into apps already used by more than 1B people. Tencent is testing an AI agent inside WeChat, while Alipay's version remains in internal testing with no public launch date set.
the story matters because Ant is trying to rebuild momentum after regulators halted its IPO and tightened lending rules. The next thing to watch is whether AI agents lift engagement enough to justify higher computing and promotion costs.
Citi has downgraded Softcat PLC (LSE:SCT), the IT infrastructure reseller, to neutral from buy while lifting its price target to £19.50, arguing that a share price surge of more than 50% since mid-March has left the stock's positive outlook fully reflected in the valuation.
The note, written by analysts Carl Murdock-Smith and Balajee Tirupati, acknowledges that Softcat has continued to execute well and has benefited from a structural increase in enterprise spending on information technology.
Looking ahead, the bank sees the group as well-positioned to sustain above-average growth as clients accelerate investment in the infrastructure layer needed to become AI-ready.
However, Citi argues that the re-rating since the first-half results leaves limited scope for meaningful earnings surprises or further valuation expansion.
Higher comparable figures from the prior year, potential macro headwinds and supply constraints are cited as factors that could weigh on growth momentum.
The bank concludes that while Softcat remains a high-quality operator, the current share price adequately reflects that quality, leaving the risk-reward less compelling than it was earlier in the year.
Citi has reiterated its 'sell' rating and £1.75 price target on BT Group PLC (LSE:BT.A) after the telecoms company's annual report revealed that last year's EBITDA was flattered by an £18 million bonus provision unwind, adding to existing concerns about the quality of the group's cash flows.
Analyst Carl Murdock-Smith argues that BT's revenue, EBITDA and earnings per share growth rank among the worst performances of any incumbent telecoms operator in the sector, casting doubt on the company's target of £3 billion in normalised free cash flow by the end of the decade.
BT's full-year results in May came in broadly in line with Citi's expectations but disappointed investors who had anticipated stronger dividend growth, while also prompting questions about underlying cash generation quality.
The bank acknowledges that normalised free cash flow will improve this year as capital expenditure falls, but argues this does not address the structurally challenging nature of the UK market.
In afternoon trading, the shares were off 3% at 203.9p.
SMITHS FALLS, Ontario--(BUSINESS WIRE)--Canopy Growth Corporation ("Canopy Growth" or the "Company") (TSX: WEED) (Nasdaq: CGC) today announced its financial results for the three months ended March 31, 2026 ("Q4 FY2026") and the fiscal year ended March 31, 2026 ("FY2026"). All financial information in this press release is reported in Canadian dollars, unless otherwise indicated. “In fiscal 2026, we reset the business, laid a disciplined foundation, and made deliberate investments, including ac.
Canopy Growth Corporation (CGC - Free Report) came out with a quarterly loss of $0.17 per share versus the Zacks Consensus Estimate of a loss of $0.06. This compares to a loss of $0.94 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -199.82%. A quarter ago, it was expected that this company would post a loss of $0.03 per share when it actually produced a loss of $0.1, delivering a surprise of -233.33%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Canopy Growth, which belongs to the Zacks Medical - Products industry, posted revenues of $51.94 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 2.47%. This compares to year-ago revenues of $45.3 million. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Canopy Growth shares have lost about 12.3% since the beginning of the year versus the S&P 500's gain of 8.6%.
What's Next for Canopy Growth?While Canopy Growth has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Canopy Growth was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.01 on $65.13 million in revenues for the coming quarter and -$0.11 on $278.96 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Medical - Products is currently in the bottom 30% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Nurix Therapeutics, Inc. (NRIX - Free Report) , another stock in the broader Zacks Medical sector, has yet to report results for the quarter ended May 2026.
This company is expected to post quarterly loss of $0.73 per share in its upcoming report, which represents a year-over-year change of -40.4%. The consensus EPS estimate for the quarter has been revised 1.8% higher over the last 30 days to the current level.
Nurix Therapeutics, Inc.'s revenues are expected to be $14.3 million, down 67.5% from the year-ago quarter.
BEND, Ore., June 15, 2026 (GLOBE NEWSWIRE) -- 10 Barrel Brewing and Pub Beer, craft beer brands of Tilray Brands, Inc. (NASDAQ: TLRY and TSX: TLRY), today announced a summer-long soccer celebration across the Pacific Northwest, bringing fans together through in-pub activations, limited-edition packaging, branded merchandise, sweepstakes, and game-day experiences tied to the excitement of the global tournament.
As soccer supporters gather to celebrate the world’s biggest matches, 10 Barrel Brewing and Pub Beer are creating destination-worthy experiences that blend craft beer, Cheap Fun, and matchday energy. Across 10 Barrel pubs in Bend, Boise, and Portland, fans can enjoy a lineup of activations designed to turn every game into an occasion. fans can soak up the excitement of the global soccer tournament through internationally inspired dishes, beer specials and a game-day passport contest —all while celebrating the tournament atmosphere with fellow supporters.
Pub Beer and Pub Light are tapping into the excitement of the global soccer season with limited-edition packaging that turns an 18-pack into your personal soccer goal, a Cheap Fun foosball table sweepstakes to win a one of one Pub Cup co-branded foosball table, branded soccer merchandise, and prizes offered during matches at 10 Barrel pubs across the Pacific Northwest.
Brian Hughes, Senior Brand Director-West Coast Brands said, “Soccer has an unmatched ability to bring people together, and 10 Barrel Brewing and Pub Beer are embracing that energy with experiences built for fans who want to celebrate every match with great beer, great food, and a little Cheap Fun along the way. From limited-edition packaging and foosball to pub programming across the Pacific Northwest, this campaign is all about creating memorable moments around the global game.”
Whether fans are following every match or just looking for a fun place to catch the action, 10 Barrel Brewing and Pub Beer are bringing people together all summer long with flavorful food, cold beer, playful competition, and memorable prizes. Across the Pacific Northwest, the brands are giving soccer fans more reasons to show up, cheer loudly, and celebrate the season in true pub style.
For more information on 10 Barrel Brewing pub events and Pub Beer promotions this summer, visit your local 10 Barrel pub in Bend East, Bend West Portland or Boise or follow the brands on social media @10barrelbrewing.
About 10 Barrel Brewing and Pub Beer
10 Barrel Brewing is known for its inventive craft beer, vibrant pub culture, and community-driven approach to bringing people together over great food and drinks. Pub Beer is the beloved easy-drinking lager brand built around the spirit of Cheap Fun, delivering uncomplicated good times and approachable refreshment.
About Tilray Brands
Tilray Brands, Inc. (“Tilray”) (Nasdaq: TLRY; TSX: TLRY), is a leading global lifestyle and consumer packaged goods company with operations in Canada, the United States, Europe, Australia, and Latin America that is leading as a transformative force at the nexus of cannabis, beverage, wellness, and entertainment, elevating lives through moments of connection. Tilray’s mission is to be a leading premium lifestyle company with a house of brands and innovative products that inspire joy and create memorable experiences. Tilray’s unprecedented platform supports over 40 brands in over 20 countries, including comprehensive cannabis offerings, hemp-based foods, and craft beverages.
For more information on how we are elevating lives through moments of connection, visit Tilray.com and follow @Tilray on all social platforms.
Forward-Looking Statements
Certain statements in this communication that are not historical facts constitute forward-looking information or forward-looking statements (together, “forward-looking statements”) under Canadian and U.S. securities laws and within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are intended to be subject to the “safe harbor” created by those sections and other applicable laws. Forward-looking statements can be identified by words such as “forecast,” “future,” “should,” “could,” “enable,” “potential,” “contemplate,” “believe,” “anticipate,” “estimate,” “plan,” “expect,” “intend,” “may,” “project,” “will,” “would” and the negative of these terms or similar expressions, although not all forward-looking statements contain these identifying words. Certain material factors, estimates, goals, projections, or assumptions were used in drawing the conclusions contained in the forward-looking statements throughout this communication. Forward-looking statements include statements regarding our intentions, beliefs, projections, outlook, analyses, or current expectations. Many factors could cause actual results, performance, or achievement to be materially different from any forward-looking statements, and other risks and uncertainties not presently known to the Company or that the Company deems immaterial could also cause actual results or events to differ materially from those expressed in the forward-looking statements contained herein. For a more detailed discussion of these risks and other factors, see the most recently filed annual information form of Tilray and the Annual Report on Form 10-K (and other periodic reports filed with the SEC) of Tilray made with the SEC and available on EDGAR. The forward-looking statements included in this communication are made as of the date of this communication and the Company does not undertake any obligation to publicly update such forward-looking statements to reflect new information, subsequent events, or otherwise unless required by applicable securities laws.
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Analysts at Goldman Sachs still believe Nvidia (NASDAQ: NVDA | NVDA Price Prediction) could push higher.
In fact, as quoted by CNBC, the firm noted, “We believe Nvidia’s improved capital allocation should drive increased investor confidence around the company’s commitment to balance product innovation and ecosystem investments with shareholder returns. We reiterate our Buy rating on the stock as we see Nvidia sustaining its growth profile into 2027 while maintaining a competitive edge in the market — and our CY27 estimates stand over 30% above the Street.”
Futures are rocketing higher on news that the war with Iran is ending.
At the moment, the S&P 500 is up by 1.36%, or by 101 points. The SPDR S&P 500 ETF (SPY) is up by 0.54%, or by $4 a share. The Dow is up 1.05%, or by 530 points. The Nasdaq is up by 2.17%, or by 644 points. Oil is down by $4.64 at $80.20.
According to President Trump on Truth Social, “The Deal with the Islamic Republic of Iran is now complete. Congratulations to all! I hereby fully authorize the toll-free opening of the Strait of Hormuz, and, simultaneously herewith, authorize the immediate removal of the United States Naval blockade. Ships of the World, start your engines. Let the oil flow!”
Both sides will reportedly sign off on the deal by Friday. The Strait of Hormuz isn’t officially open yet, but both President Trump and Iran’s Deputy Foreign Minister have said it would reopen after the signing in Geneva. And we should note that Israel is not part of the agreement.
How to Trade World Cup Soccer The 2026 FIFA World Cup is shaping up to be one of the biggest economic and sports betting events in history.
As billions of fans tune in and wagering activity surges worldwide, sports betting stocks could see a significant boost in revenue and investor interest. One of the companies that could benefit is DraftKings (NASDAQ: DKNG) — which noted that, “Combined with our unified platform strategy, which allows customers to access either sportsbook or sports predictions, depending on location, and includes a Spanish-language feature, we believe the tournament has the potential to be a meaningful driver of both new customer acquisition and strong engagement across our existing customer base,” as quoted by CNBC.
In addition, analysts at Oppenheimer, who rate DKNG a buy, said the company’s push into prediction markets via the World Cup will serve as a trial run to prepare the platform for a surge in volume in the fall, coinciding with the NFL season.
Sequoia Capital partner Shaun Maguire went on CNBC last week and said SpaceX (NASDAQ:SPCX), freshly trading, looks to him “more like Nvidia three years ago” than Tesla (NASDAQ:TSLA | TSLA Price Prediction). He also said he plans to hold his shares “forever.” Sequoia is a longtime SpaceX backer, so the incentive to talk his book is obvious. Still, the comparison is worth unpacking because it is a specific claim about where SpaceX sits on the curve, and the curve has a recent, very expensive precedent.
The NVIDIA comparison, and why he rejected the Tesla one Three years ago, in June 2023, NVIDIA (NASDAQ:NVDA) traded at a split-adjusted $39.41. The AI thesis was contested, hyperscaler capex was just beginning to inflect, and bears framed the stock as a cyclical chip name riding a temporary GPU shortage. Since then, NVIDIA shares are up 419.89%, the company carries a $4.95 trillion market cap, and Q1 FY27 data center revenue alone hit $75.25 billion, up 92% year over year. CEO Jensen Huang called the buildout “the largest infrastructure expansion in human history.” You can read the underlying 8-K here.
Maguire’s framing implies SpaceX is at the analogous moment. Customers are real, the infrastructure thesis is concrete, and the multiple has not yet priced in what he thinks 2029 and 2030 revenue will look like. Tesla gets rejected because it often traded on narrative rather than on visible contractual revenue. SpaceX’s Connectivity segment generated $11.39 billion in 2025, with segment adjusted EBITDA of $7.17 billion, growing 49.8% year over year. That is the part of the business already paying for the harder parts.
The three-year growth catalysts Maguire is underwriting He expects “dramatic growth” over the next three years from three vectors. Starship, orbital data centers, and Starlink direct-to-cell. SpaceX says Starship V3 should carry 100 metric tons to orbit, and the vehicle could eventually reduce the cost to reach orbit by 99% or more. Drop launch cost by two orders of magnitude and the addressable market reorders itself.
The orbital data center pitch is wilder. SpaceX expects to begin deploying orbital AI compute satellites as early as 2028, eventually a constellation of potentially millions of satellites running inference workloads in sun-synchronous orbit. The xAI acquisition closed in February 2026 and now forms the AI segment, which generated $818 million in revenue in the first quarter alone while burning operating cash on compute buildout.
The “hold forever” model and what’s actually behind it Maguire said the quiet part out loud. “I have what I think the company’s revenue is going to be in 2029, 2030. And I have what I think is a reasonable multiple on that. The answer I get to is a very big number.” He also called SpaceX’s mission “the most important mission of any company in history.” That second part is venture-capital register. The first part is a DCF dressed up in conviction language.
Early backers have an obvious reason to be vocal at debut. Newly public stocks routinely sag around lock-up expiration as insiders sell. None of that invalidates the long thesis, but it shapes how a public-market investor should pace any position.
Key-man risk and the public-market workarounds On Elon, Maguire said “Elon is the most visionary entrepreneur of all time. I also think he’s underappreciated in his operational ability.”. SpaceX’s S-1 is blunter, describing the company as “highly dependent” on Musk and noting it does not maintain key-person life insurance on him. He also runs Tesla, holds roles at Neuralink and The Boring Company, and previously served as Senior Advisor to the President.
For exposure to the same ecosystem, Tesla carries a $2 billion equity stake in SpaceX and shares Musk’s attention. Shares are down 7.2% year to date at $406, though Polymarket assigns a 90.5% probability that SpaceX carries the higher valuation between the two by June 30.
The closer launch comparable is Rocket Lab (NASDAQ:RKLB), up 34% year to date and 285% over the past year. Q1 revenue grew 63.5% to $200.35 million, backlog reached $2.2 billion, and the company was selected for the Department of War’s Space Based Interceptor program. Neutron, the medium-lift rocket meant to match Falcon 9, slipped later into 2026 after a stage-1 tank test failure. The valuation, at 102.6 times trailing sales, already prices in a lot of what has not happened yet. Which, oddly enough, is also Maguire’s argument for SpaceX. The difference being he gets to hold his shares forever at the cost basis Sequoia paid years ago, and you do not.
Verdera Energy invites individual and institutional investors, as well as advisors and analysts, to attend online at VirtualInvestorConferences.com June 15, 2026 08:35 ET | Source: Virtual Investor Conferences
VANCOUVER, British Columbia, June 15, 2026 (GLOBE NEWSWIRE) -- Verdera Energy Corp. (TSXV:V) (OCTQB:VUECF) today announced that Janet Lee-Sheriff, Chief Executive Officer, will present live at the Energy & Precious Metals Virtual Investor Summit hosted by VirtualInvestorConferences.com, on June 16th, 2026
DATE: June 16th
TIME: 1:00 – 1:30 pm Eastern
REGISTER HERE
Available for 1x1 meetings: Wednesday June 17th 11am – 2pm Eastern and Thursday June 18th 11 am to 4pm Eastern. Schedule 1x1 Meetings here.
This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.
It is recommended that online investors pre-register and run the online system check to expedite participation and receive event updates.
Learn more about the event at www.virtualinvestorconferences.com.
About Verdera Energy Corp.
Verdera Energy Corp. is focused on the development of In-Situ Recovery (“ISR”) uranium assets in New Mexico. With the largest land position in a prolific uranium district, and the largest uranium endowment among U.S.-focused public uranium exploration companies, Verdera is working to meet the growing demand for clean, reliable domestic uranium. Led by a team with extensive experience in the uranium and natural resources sector, Verdera holds private mineral rights spanning approximately 400 square miles, 88 million pounds of known and historic resources and a significant proprietary uranium database. New Mexico, with expansive uranium resources, is positioned as a critical district in the U.S. domestic nuclear renaissance, driven by efforts to reduce reliance on foreign imports. Verdera is committed to fostering strong community relations and strives to work closely with local communities.
About Virtual Investor Conferences®
Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.
Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Matternet, a leading autonomous aerial logistics technology company and the only FAA Type-Certified drone delivery platform, today announced its upcoming participation in Bank of America's “A Transforming World 2026” conference in New York City on June 16, 2026. Matternet's CEO and Founder, Andreas Raptopoulos, will present during the session “Autonomous Drone Delivery: The Next Logistics Network” from 4:10 PM ET to 4:40 PM ET. The conference will feature.
By year-end 2026, Bank of America will conduct 2,500 in-person scam and fraud prevention seminars reaching tens of thousands of consumers across the U.S. This grassroots initiative is designed to bring essential scam and fraud prevention education to local communities across the nation amidst the growing threat of digital financial scams. Other tools and resources for protecting clients from fraud include more than 1 billion educational messages sent to clients each year, the Bank of America Security Center and 50 AI-enabled fraud detection models. , /PRNewswire/ -- In support of World Elder Abuse Awareness Day, Bank of America today announced it will host 1,000 in-person scam and fraud prevention seminars, also known as "Scaminars," throughout the remainder of 2026. This will increase the total number of sessions held since the program began to 2,500, reaching tens of thousands of consumers in local communities throughout the nation. Aligned with the current Elder Abuse Awareness Month, the bank will host hundreds of these seminars in June alone.
"Our commitment to financial safety goes beyond simply reacting to threats – it's about proactively empowering people with the knowledge they need," said Jenn Ehresmann, Head of Consumer Client Protection at Bank of America. "This program aims to strengthen the financial wellness of the communities we serve through greater accessibility to fraud and scam prevention training. The robust participation we have seen across all generations shows a clear need for this type of education at the local level."
Financial fraud and scams have become more sophisticated, making it harder for people to navigate digital threats. In 2025, financial scams from social media alone resulted in reported losses of $2.1 billion, an eightfold increase since 2020, according to the Federal Trade Commission. With a curriculum built by Better Money Habits®, Bank of America's free financial education platform, the seminars address this rising challenge head-on, providing attendees with crucial information on:
Identifying common digital fraud tactics and red flags. Trending scams that may not be widely known. Resources available to clients. What to do if you become a victim. The grassroots program brings fraud prevention education directly to local communities through Bank of America's network of more than 3,500 financial centers and 2,500 Bank of America employees who conduct fraud and scam prevention seminars. Bank of America has also partnered with local law enforcement and community organizations—including retirement centers and chambers of commerce—to expand the program's reach and impact.
"Fraud prevention begins with comprehensive awareness and education," said Andrew Cromwell, Trust and Financial Protection executive at Bank of America. "When people understand scams and their warning signs, they're better equipped to protect their finances and their loved ones."
BofA Security Center, Enhanced Fraud and Identity Monitoring
Bank of America continues to help protect clients through its enhanced Security Center – which lets clients manage online and mobile banking security options. The site brings together security features, tools, and fraud and scam education in a centralized, client‑friendly experience. Bank of America also using more than 50 AI-enabled fraud detection models to help spot fraudulent activity. In addition, Bank of America provides more than 1 billion educational messages to our clients each year, including details on emerging scams, red flags and preventative tools.
BofA Rewards members, who are enrolled in My Credit, also have access to enhanced fraud and identity monitoring. These My Credit features include dark web monitoring, Social Security Number monitoring, full-service identity restoration and more.
Frequently asked questions
Question: How do clients sign up for a seminar?
Answer: Bank of America clients can register at a participating financial center, in person or by phone. The seminars are free to attend for all clients and prospects.
Question: Who should participate in a seminar?
Answer: Bank of America's fraud and scam education seminars are applicable for clients of all ages. The program also includes sessions tailored to populations vulnerable to financial scams and fraud, including youth and young adults, as well as elderly adults, ensuring that everyone can access information most relevant to them.
Question: What other tools or resources does Bank of America offer to help protect consumers from scams and fraud?
Answer: Bank of America Security Center brings together a variety of security features and educational tools. Bank of America clients can access Security Center in Mobile and Online Banking to find additional information about the level of protection of their accounts and information. Additionally, Better Money Habits, Bank of America's free financial education platform, provides a variety of additional resources on these topics.
Question: How else is Bank of America protecting clients from scams and fraud?
Answer: Bank of America has a multifaceted approach to protecting clients, from prevention and detection processes, to providing resources to front-line associates and broad-based education for the community. Bank of America has heavily invested in its fraud prevention technology to combat future risks for clients. For example, the company has developed and implemented more than 50 AI models to help prevent and detect fraud.
Bank of America
Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving nearly 70 million clients with approximately 3,500 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 59 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. As the #1 small business lender in the United States (FDIC), Bank of America offers industry leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.
For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom and register for news email alerts.
Reporters may contact
Don Vecchiarello, Bank of America
Phone: 1.980.387.4899
[email protected]
Extension reinforces the firm’s century-long presence in Canada and supports strategic capacity, resilience and innovation as critical supply chains evolve
NEW YORK--(BUSINESS WIRE)--JPMorganChase today announced the expansion of its $1.5 trillion, 10-year Security and Resiliency Initiative (SRI) to Canada. The announcement builds on SRI’s recent expansion to Europe and the firm’s momentum in Canada, which has nearly doubled franchise revenue and increased headcount by a third over the past five years.
First announced in the United States in October, SRI is a $1.5 trillion, 10-year initiative to facilitate, finance and invest in five key verticals, including supply chain and advanced manufacturing, defence and aerospace, energy independence and resilience, frontier and strategic technologies, and pharma and healthtech. In Canada, JPMorganChase expects SRI to align closely with some of the country’s strengths and key priorities including defence, energy and mining, and supporting secure, resilient supply chains with trading partners.
“Canada has deep strengths on the world stage — rich in talent, abundant resources and is home to companies at the forefront of critical industries,” said Jamie Dimon, Chairman and CEO of JPMorganChase. “By extending SRI to Canada, we’re strengthening the vital industries and supply chains that underpin North American economic resilience, which is essential to shared prosperity and collective security.”
David Rawlings, CEO for JPMorganChase Canada, will lead the initiative locally, providing oversight and accountability across the country. He will work with clients and public- and private-sector organizations to advance SRI’s multilateral initiatives — including providing banking and advisory support to select next-generation companies building critical capacity in Canada, the U.S. and across global trading partners.
Separately, JPMorganChase is proud to play a leading role in the establishment of the Defence, Security and Resilience Bank (DSRB), which will be headquartered in Canada. As one of the key financial institutions helping to stand up the DSRB, our involvement reflects JPMorganChase’s deep commitment to helping finance future defence and security objectives. Canada’s selection as the headquarters further strengthens the country’s position in defence, aerospace, advanced manufacturing, and research and development.
JPMorganChase serves clients across Canada through offices in Toronto, Montreal, Calgary and Vancouver, with a focus on cross-border activity. The firm helps Canadian clients invest, grow and transact globally and serves subsidiaries of global companies operating in Canada. Through JPMorganChase’s global network in more than 100 countries, the firm helps connect Canadian companies and institutions to global capital and markets.
As Canada attracts more capital and capabilities to strengthen domestic growth and resilience, JPMorganChase is expanding its operations to support clients as investment priorities evolve and supply chains become more critical to long-term competitiveness.
For more information on SRI, please visit jpmorgan.com/sri.
About JPMorganChase
JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in the United States of America (“U.S.”), with operations worldwide. JPMorganChase had $4.9 trillion in assets and $364 billion in stockholders’ equity as of March 31, 2026. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. Under the J.P. Morgan and Chase brands, the Firm serves millions of customers in the U.S., and many of the world’s most prominent corporate, institutional and government clients globally. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
Sammy Hagar couldn't drive 55, but Target (TGT +1.95%) was able to last week. The discount retailer has now boosted its quarterly distributions for 55 consecutive years, coming through with another dividend increase. The move was modest -- up less than 2% to a quarterly rate of $1.16 a share -- but it kept an enviable streak going for the Dividend King.
It also helped keep the upticks coming, as Target hit a 52-week high on Friday. But the stock is still a good buy despite the fresh peak. With a turnaround coming together, this could be a great time to buy the ascending 2026 market beater.
Let's go on a shopping spree.
Image source: Getty Images.
Target practice Target stock has been cheap for some time. Now that the chain is becoming chic again in investing circles, the "cheap chic" discount retailer is ready for the spotlight. A new CEO's arrival in February hasn't delivered immediate financial results, and the company is targeting modest net sales growth of 2% for the full year, but investors are willing to wait things out. There is resounding market confidence in the new approach.
Target stock has soared 38% so far in 2026. It's one of just seven S&P 500 stocks yielding more than 3% that have gained more than 30% this year. CEO Michael Fiddelke has laid out an aggressive plan to restore Target and its customer appeal to what they were in better times, and that's why, even though Target closed out last week at a fresh recent high, it's worth recalling that the stock still stands at roughly half of its 2021 all-time high.
Today's Change
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2.59
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Into the playbook The stakes are high, with the stock at a 52-week high. Fiddelke has communicated a clear vision for making "Tar-zhay" cool again, but it won't come cheap. Target announced in March that it will commit an incremental $2 billion in spending this year. Half ot that will go toward capital expenditures, with the other bankrolling additional operating investments to accelerate store-level sales growth.
Target isn't just going back to the past. It's not afraid of the future. It's leaning on AI to provide a more intuitive and personalized shopping experience. The mass-market department store operator is transforming its floor plans and displays. And it's not going to be afraid to ramp up payroll if it has to spend money to make money in the future.
Target is part of the elite group of Dividend Kings -- companies that have increased their payouts for at least 50 straight years. But the stock is no longer just about the consistent dividend. That story was reinforced with last week's increase. And it's worth noting that the stock's rise this year has lowered the yield from roughly 5% at the start of the year to 3.4% today.
Still, Target shares aren't expensive despite the year-to-date climb. You're buying the chain for 16 times forward earnings and 15 times next year's profit target. That's a fair price for a turnaround story that's just starting to be told.
Rick Munarriz has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Target. The Motley Fool has a disclosure policy.
