SpaceX is being valued at around $800 billion in a secondary share sale, according to Reuters, as the company explores an IPO as early as 2026. The tender offer underscores investor appetite for Musk’s space and satellite leader, and would make SpaceX one of the world’s most valuable private companies while providing fresh liquidity to insiders.
Source: Seeking Alpha
Intel nears $1.6B deal for AI chip startup SambaNova
Intel is reportedly close to acquiring AI accelerator startup SambaNova for $1.6 billion, a move that would bolster its data center AI portfolio amid fierce competition with Nvidia and AMD. The deal would add specialized hardware and software stacks for training and inference, aiming to accelerate Intel’s turnaround strategy in high-performance AI compute.
Source: Seeking Alpha
Nasdaq-100 reshuffle: Lululemon and Biogen out; Alnylam and Seagate among additions
The Nasdaq-100’s annual reconstitution will remove Lululemon and Biogen, adding names including Alnylam and Seagate, signaling a tilt toward biopharma innovation and data infrastructure. Index changes can spur passive flows and volatility for affected stocks; separate coverage noted Walmart’s move to Nasdaq came too late for inclusion in this rebalance.
Source: Seeking Alpha
US–UK tech trade deal at risk, threatening digital commerce and AI cooperation
Talks over a transatlantic tech trade pact are reportedly faltering over key disagreements, raising uncertainty for cross-border data flows, cloud services, and AI standards. A breakdown could complicate market access for large tech exporters and dull investment momentum in transatlantic digital infrastructure.
Source: Seeking Alpha
China Vanke bondholders reject extension plan, reigniting default fears in property sector
Bondholders of China Vanke rejected a proposal to extend repayment on 2 billion yuan of notes due Monday, heightening default risks at one of the country’s highest-profile developers. The setback revives concerns about contagion across China’s fragile real estate market and adds pressure to onshore credit conditions.
Source: SCMP
Apollo reportedly shorts debt of software companies threatened by AI disruption
Apollo Global Management has reportedly taken short positions against the debt of software makers seen as vulnerable to AI-driven disruption. The trade highlights growing credit-market skepticism toward legacy enterprise software cash flows as AI shifts buyer budgets and compresses incumbents’ pricing power.
Source: Seeking Alpha
Nearly 2,000 power projects canceled this year, underscoring grid bottlenecks
Developers have canceled close to 2,000 power projects in 2025, according to a new report, reflecting permitting hurdles, interconnection delays, and cost inflation. The retrenchment threatens near-term capacity additions needed for electrification, data centers, and AI growth, and could keep power prices and reliability in focus for investors.
Source: Seeking Alpha
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