SpaceX Plans $75 Billion IPO with Analyst Day Scheduled
SpaceX is organizing chartered flights for potential anchor investors as it prepares for its upcoming IPO, which aims to raise approximately $75 billion, significantly surpassing Saudi Aramco's previous record of $29 billion. The company plans to hold an analyst day in late April, file its prospectus in late May, and begin its roadshow on June 8, with final pricing expected on June 15. Following its recent acquisition of xAI, SpaceX's market valuation is projected to reach up to $1.75 trillion, positioning it among the highest market capitalizations in the U.S.
TSMC reports 58% profit surge amid AI chip demand
Taiwan Semiconductor Manufacturing Co. (TSMC) reported a 58% increase in first-quarter profit, reaching T$572.5 billion, driven by strong demand for AI chips. This performance exceeded market expectations and prompted the company to raise its full-year sales guidance, projecting growth of over 30% in 2026.
Sazerac Offers $15 Billion for Brown-Forman Corporation
Sazerac Company has made a formal offer to acquire Brown-Forman Corporation for approximately $15 billion, proposing a price of $32 per share. This bid places Sazerac in competition with French spirits giant Pernod Ricard, which has been in merger talks with Brown-Forman since late March. Analysts suggest that a deal with Pernod Ricard may be more likely due to the Brown family's desire to retain control, as they hold over 50 percent of Brown-Forman's voting stock.
Google plans $5.7 billion junk-bond sale for AI expansion
Alphabet Inc.'s Google is seeking to raise $5.7 billion through a junk-bond sale, marking the largest such deal aimed at financing the expansion of artificial intelligence capabilities. This move reflects the growing demand for data center infrastructure, as major players like Google, Meta, and Microsoft increasingly rely on corporate debt and off-balance-sheet structures to fund their expansion efforts.
S&P 500 and Nasdaq hit record highs on recovery
The S&P 500 and Nasdaq Composite closed at record highs of 7,022.95 and 24,016.02 points, respectively, on April 15, 2026, marking a complete recovery from losses associated with the US-Iran conflict. The S&P 500 has gained in nine of the past ten sessions, while the Nasdaq extended its winning streak to ten consecutive days, driven by optimism over potential diplomatic resolutions and strong corporate earnings, particularly in the technology sector.
