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Massive SpaceX IPO Demand Coming From Gulf Sovereign Wealth Funds
Massive SpaceX IPO Demand Coming From Gulf Sovereign Wealth Funds
One week ago, SpaceX kicked off its institutional roadshow, headlined by JPMorgan CEO Jamie Dimon, who hosted a nationwide "live interactive discussion" with private wealth clients.
The latest signal of investor demand comes from the Gulf, where massive sovereign wealth funds are reportedly seeking allocations in the IPO ahead of its expected Friday debut, according to Bloomberg News.
The report says Saudi Arabia's Public Investment Fund and Kuwait Investment Authority have each placed orders for the IPO worth $1 billion to...
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Goldman Stock Slides After FICC Unexpectedly Misses Despite Highest Overall Profit In 5 Years
Goldman Stock Slides After FICC Unexpectedly Misses Despite Highest Overall Profit In 5 Years
Goldman Sachs reported its highest quarterly profit in five years, as the bank's equities traders beat their own previous all-time quarterly high revenue by more than $1 billion thanks to a surge in market volatility due to the war in Iran; however this stellar performance in equities was offset by an unexpected drop in FICC revenues. Here are Goldman's Q1 results in a nutshell:
EPS $17.55, exp. $16.41
Net revenue $17.23 billion, +14% y/y, exp. $16.95 billion
Equities sales &...
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Apr 2, 2026 / Tyler Durden
4 Million Children Have Been Signed Up For Trump Accounts: IRS
4 Million Children Have Been Signed Up For Trump Accounts: IRS
Authored by Naveen Athrappully via The Epoch Times,
American taxpayers have signed up over 4 million children to the tax-advantaged Trump Accounts, and more than 1 million of those accounts have elected to receive the $1,000 pilot contribution from the government, the IRS said in a March 31 statement.
“Contributions to Trump Accounts can be made starting July 4, 2026. All eligible children may receive deposits from parents, relatives, friends, employers, state governments, philanthropic organizations, and individuals, subject to an annual...
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