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03.06.26 - 15:48
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Morgan Stanley′s Weaver Sees Continued AI-Driven Equity Momentum (Bloomberg)
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Michelle Weaver of Morgan Stanley discusses the outlook for equities, emphasizing the strong demand for technology driven by AI developments. The 10-year Treasury yield level around 4.5% is seen as critical for equity valuations, with yields above this level potentially weighing on equities. While some inflationary pressures, such as gasoline prices, are causing concern, Weaver views these as relatively narrow and partly linked to geopolitical factors like the Strait of Hormuz tensions, which the president has indicated could persist until September. (Source: Bloomberg)...
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03.06.26 - 15:48
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SpaceX Reportedly Targets $135 IPO Price As Morningstar Says Valuation Should Be Halved (ZeroHedge)
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SpaceX Reportedly Targets $135 IPO Price As Morningstar Says Valuation Should Be Halved
Last week, Elon Musk called Bloomberg's "SpaceX Said to Cut IPO Value" story "false," marking the latest clash between Musk and the MSM over coverage of his companies.
Reuters has released a new report, which, based on sources, says SpaceX is planning an IPO at a price of $135 per share, aiming to raise a record $75 billion by selling about 555.6 million shares at an estimated $1.75 trillion valuation.
SpaceX's roadshow is expected to begin Thursday, with a potential Nasdaq debut under the ticker SPCX on June 12. Goldman Sachs, Morgan Stanley, BofA, Citigroup, and JPMorgan are leading the deal.
Sources said the IPO is "structured as an all-primary offering," which means the proceeds will go to SpaceX rather than existing shareholders. Musk will reportedly be subject to a 366-day lock-up period.
At a $1.75 trillion valuation and projected 2025 booking revenue of $18.67 billio...
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02.06.26 - 19:06
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SpaceX Wants Fee Cut From Bankers Chasing $500 Million Windfall (Bloomberg)
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Elon Musk's SpaceX is negotiating to pay razor-thin fees to Wall Street firms handling its IPO — but banks are still likely to rake in about $500 million from the record-setting market debut.
Musk's space and artificial-intelligence conglomerate is negotiating to pay less than 0.75% for the $75 billion it aims to drum up in an initial public offering this month, according to people with knowledge of the matter. Even at that low spread, it will likely amount to one of the biggest fee events ever for Wall Street firms that arrange public listings.
The lead banks — Goldman Sachs Group Inc. and Morgan Stanley — are positioned to take in a bigger share of the fee pool than the other 21 brokers involved. For more, we speak with Sri Natarajan, Chief Wall Street Correspondent for Bloomberg News. (Source: Bloomberg)...
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02.06.26 - 14:18
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Morgan Stanley Expansion Capital Leads $33 Million Growth Financing For Subtle Medical (Business Wire)
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NEW YORK--(BUSINESS WIRE)--Morgan Stanley Investment Management announced today that funds managed by Morgan Stanley Expansion Capital have led a $33 million growth financing for Subtle Medical (the Company), a medical imaging software company using artificial intelligence to improve imaging workflow efficiency and image quality across MRI, PET and CT. The financing included participation from Shinhan Venture Investment and existing investors Fusion Fund, EnvisionX, BRV, and Samsung Ventures, bringing Subtle Medical's total capital raised to $86 million.
Based in Menlo Park, CA, Subtle Medical develops vendor-neutral software designed to operate across existing imaging equipment, regardless of manufacturer. Its solutions are used by hospitals and imaging centers to support scan-time reduction, image enhancement, dose optimization and imaging standardization workflows without requiring immediate replacement of existing scanner infrastructure.
“Medical imaging is a critical component of healthcare delive...
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