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Today is Thursday, April 2, 2026.
The Early Bird Index today is 72.37.
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SpaceX's $1.75T IPO Plans 🚀
SpaceX is reportedly one step closer to going public, and its IPO could potentially be the biggest the market has ever seen.
Details: Bloomberg reported on Wednesday that SpaceX filed for an IPO of more than $1.75 trillion, which would be the largest of all time. The company hopes to raise as much as $75 billion when it goes public, which could be around June.
Early Bird’s Nest Egg Gains: SpaceX appears to be coming public with exceptional scale, strong profitability, and a business mix that includes the recurring cash flow of Starlink, but the valuation and concentration risks are big enough that caution is warranted.
The most important near-term details will be the actual S-1, especially revenue breakdown, profit quality, capex needs, and how much control insiders keep through the share structure. Investors should also check whether the IPO is mainly a capital raise for the business or a liquidity event for insiders, because those are very different setups for public shareholders.
Final Thoughts: Besides SpaceX, there could be several blockbuster IPOs in 2026, including OpenAI and Anthropic.
Notables
Notable Earnings Today: Lindsay (NYSE: LNN), Acuity (NYSE: AYI), AngioDynamics (Nasdaq: ANGO).
Notable IPOs Today: Spartacus Acquisition Corp. II Class A Ordinary Shares (Nasdaq: TMTS), ACP Holdings Acquisition Corp. Units (Nasdaq: ACGCU).
Notable Equity Crowdfunding Campaigns Ending Today: MPD Digital HR (Wefunder), NightWise (Wefunder).
Notable Economic Events Today: Jobless Claims (8:30 a.m. ET), Trade Balance / Imports / Exports (8:30 a.m. ET), Fed's Balance Sheet (4:30 p.m. ET).
Cardano Tries April Recovery
As most cryptocurrencies sank on Wednesday, the price of Cardano $ADA ( ▼ 4.57% ) rose about 1%. The digital asset is trying to recover in April after a brutal March.
Price: Cardano fell about 10% in March, which underperformed most major cryptocurrency prices during that period.
Background: In recent weeks, Cardano experienced positive developments like Midnight, protocol upgrades, and ETF speculation.
Powering the Story: Cardano had improving fundamentals, but March rewarded the chains that already had stronger adoption or clearer near-term catalysts.
Final Thoughts: Cardano is down about 26% in 2026.
Penguin Solutions Posts Strong Results
Penguin Solutions $PENG ( ▲ 3.69% ) jumped 10.58% in after-hours trading on Wednesday after the technology company posted strong financial earnings results.
Financials: Penguin Solutions reported earnings of 52 cents per share in the past quarter and revenue of $343 million. Both were better than expected.
Quote: “Our AI/HPC pipeline continues to expand, and we added five AI/HPC customers this quarter, including a Tier One financial institution deploying our MemoryAI™ CXL-based KV cache server.” - CEO Kash Shaikh.
Final Thoughts: It’s a recovery for Penguin Solutions, which started the year with a 10% decline.
Trends to Watch
Maturation: Bitcoin’s crashes are shrinking, and Wall Street is starting to notice (CoinDesk)
The Weight is Over: Another GLP-1 weight loss pill gets FDA approval, and it has fewer restrictions on how it’s used (CNN)
Tough Times: 'Outrageous': Sky-high gas prices are changing the way Americans live (USA Today)
AI’s Financial Capabilities: Visa Debuts Tools to Counter Record Levels of Disputes (PYMNTS.com)
American Dream Reimagined: A radical idea to make homebuying easier (Business Insider)
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The contents of Early Bird are intended for informational and entertainment purposes only. They do not constitute trade or investment recommendations, and they are not financial or legal advice. Readers are encouraged to consult licensed professionals for personalized guidance regarding their financial or legal situations.
