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Capital Flow

Shows how policy, balance sheets, market structure, and investor expectations transmit change across industries.

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Capital FlowCorporate Strategy

SpaceX to Move Ahead With IPO at Fixed $135 Pricing, Roadshow Begins, Targeting $75 Billion Raise

According to three sources, SpaceX is preparing for an IPO with a fixed offer price of $135 per share, a target raise of $75 billion, and an estimated valuation of about $1.75 trillion. Two of the sources also mention roadshow and listing timing, though the dates differ. The sources place different emphasis on employee share allocations, valuation framing, and the departure from traditional price discovery.

Jun 9, 2026
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TSO / High confidence
Capital FlowMacro Insights

New York Fed May Survey: Inflation Expectations Broadly Unchanged, but Financial and Employment Concerns Rise; Markets Focus on June Policy Meeting

The New York Fed’s May Survey of Consumer Expectations shows that the U.S. public’s inflation expectations for the next year and longer horizons were broadly stable, while concerns about personal finances, employment, and uncertainty over future inflation increased. The three sources cited are closely aligned on the inflation figures: about 3.5% for one year ahead, 3.1% for three years ahead, and 3.0% for five years ahead. As for the Federal Reserve’s June 16–17 policy meeting, the provided sources do not directly confirm an official rate decision; they only show that markets broadly expect the federal funds rate to remain in the 3.50%-3.75% range, which cannot be verified from the sources given.

Jun 9, 2026
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TSO / High confidence
Capital FlowSector Deep-dive

Broadcom Shares Fall After Earnings: Unchanged AI Chip Guidance Sparks Market Split

After Broadcom released its fiscal 2026 second-quarter earnings, the company posted strong revenue and profit results, but its AI chip sales guidance and full-year AI revenue target did not materially exceed some market expectations, sending the stock sharply lower in after-hours or post-earnings trading. Three sources jointly confirm revenue of $22.19 billion and a share-price drop of about 12.6%, though they differ on the main reason for the decline; some details, such as the specific impact from the software business and the timing of long-term AI demand realization, cannot be confirmed from the provided sources.

Jun 7, 2026
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TSO / High confidence
Capital FlowCorporate Strategy

Honeywell Aerospace to spin off on June 29, with brand restructured as HONA

Honeywell is moving into the final stage of its three-step split plan: its aerospace business is set to spin off as a standalone listed company on June 29, 2026, and will trade on Nasdaq under the name Honeywell Aerospace with ticker HONA. The company has also unveiled a new brand framework, while the remaining entity will use the Honeywell Technologies name. Three sources all mention post-spin-off growth expectations and business positioning, though each emphasizes different details.

Jun 6, 2026
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Capital FlowFinTech & Future Assets

US sanctions Iran’s largest crypto exchange, Nobitex, for allegedly helping evade Western sanctions

On June 2, the U.S. Treasury Department announced sanctions against Nobitex, Iran’s largest cryptocurrency exchange. Three sources consistently confirm the sanction and its core allegation: Nobitex is accused of helping the Iranian government and blacklisted state entities evade Western sanctions. One source adds that the move is connected to a Reuters investigation published on May 1 describing Nobitex as a key node in Iran’s parallel financial system. Claims about naming founders/executives or French regulators/EU licensing are not mentioned in the provided sources and cannot be confirmed.

Jun 5, 2026
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Capital FlowMacro Insights

U.S. private credit pressure intensifies: unrealized losses at BDCs widen, PIK income stays elevated

Reuters’ analysis of 51 BDCs showed that unrealized losses in the U.S. private credit/BDC sector rose to 2.35% of net asset value in the first quarter of 2026, marking the steepest quarterly decline since the second quarter of 2022. At the same time, payment-in-kind (PIK) income remained at elevated levels, reflecting rising liquidity and refinancing pressure among borrowers. Another Reuters report said U.S. direct lending issuance and inflows slowed sharply, with incremental private credit financing falling to $44.76 billion, down markedly from the first quarter.

Jun 5, 2026
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