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$VSAT +5.6% [Activist firm Carronade urges Viasat to split its defense unit, estimating an $11B value add and over 500% total value jump. Viasat's stock fell 60% due to competition. Carronade holds a 2.3% stake and $30M debt, pushing for a faster strategic review.] https://t.co/vsnyiBysA8
ACTIVIST INVESTOR PUSHES VIASAT TO SPLIT BROADBAND AND DEFENCE UNITS- FT HEDGE FUND CARRONADE ESTIMATES SPIN-OFF OF VIASAT COULD GENERATE UP TO $11BN IN VALUE - FT $VSAT
HEDGE FUND CARRONADE ESTIMATES SPIN-OFF OF VIASAT $VSAT COULD GENERATE UP TO $11B IN VALUE - FT
Elon Musk's artificial intelligence and social media company, xAI, is preparing for a new fundraising round that could value the business at up to $200 billion, according to the Financial Times. This potential valuation represents more than a tenfold increase from the $18 billion valuation achieved during xAI's Series B funding round in May 2024. The upcoming fundraising, expected to take place next month, would mark xAI's third major share sale in less than two months, underscoring rapid investor interest and growth in the company.
