Finance & Markets (MKT) Intelligence Hub
Real-time accumulated intelligence, primary research, and executive digests for Finance & Markets (MKT).
SpaceX files first earnings report since IPO
SpaceX is set to release its first earnings report since its IPO, with the stock already down about 15% from the $135 offering price ahead of the after-market-close announcement. Wall Street expects a quarterly revenue of $6.81 billion and a net loss, with investors focused on Starlink subscriber growth and profitability, plus heavy capital expenditures tied to AI, space, and connectivity segments. A major lockup expiration on August 6 will let insiders sell nearly a billion shares, potentially increasing volatility, though Deutsche Bank’s Edison Yu maintains a Buy rating and a bullish $255 price target.
Read Original Source ↗Palantir posts 150 percent US commercial revenue surge
Palantir shares jumped about 27% after the company reported second-quarter results with overall revenue up 93% year over year to $1.94 billion, sharply beating Wall Street estimates. Commercial revenue surged 149% to $764 million, while government revenue rose 90% to $809 million, driven by strong corporate and public-sector demand for Palantir’s so-called sovereign AI tools and data-privacy focused platforms. CEO Alex Karp called the quarter “otherworldly” and said the sovereign AI trend leaves him highly optimistic. Palantir raised its full-year revenue forecast above $8.15 billion, easing investor concerns about intensifying AI software competition.
Read Original Source ↗Polymarket seeks $20B valuation in funding talks
Polymarket is in early discussions to raise about $1 billion at a valuation exceeding $20 billion, more than doubling its $9 billion price tag from October 2025, according to multiple media reports. The talks follow an April funding round valuing the prediction market platform at $15 billion, backed by D.E. Shaw, G Squared, and Intercontinental Exchange, as U.S. and international trading volumes and annualized revenue have surged. Any new deal would mark the first financing since Polymarket’s U.S. exchange fully opened, while the company contends with a U.S. Commodity Futures Trading Commission probe into allegedly deceptive promotions and faces intensifying rivalry from Kalshi.
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