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The Marked Chart Wire · Business
HotQXO
QXO, Inc. posted third-quarter sales of $4.90 billion, a 79 percent increase, alongside adjusted EBITDA of $557 million, up 85 percent, fueled by recent acquisitions.
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HotCKX Lands
Billionaire Brad Jacobs will invest $1 billion in CKX Lands and become its chairman and CEO. His firm will take majority ownership while he retains his leadership role at QXO.
HotDeals
Edgevana signed $700 million in multi-year contracts to place Nvidia processors in North America and Europe. The firm also cites $7 billion in booked orders and a $20 billion pipeline.
HotAeroVironment
AeroVironment secured a $315 million initial award under a US government contract with a $940 million ceiling. The company states it is already manufacturing operational systems rather than prototypes.
SpaceX Telecom Acquisition
Barclays analysts identify T-Mobile as the most suitable legacy carrier for SpaceX to acquire, following Elon Musk's suggestion that the space company could buy a telecom firm.
Stablecoins
Coinbase and PNC Financial Services are expanding a partnership that allows eligible PNC clients to receive payments in USDC stablecoins.
HotPlanet Labs
Planet Labs inked a deal with Stoke Space to use the Nova rocket for deploying satellites. The pact grants Planet primary payload rights for Cape Canaveral missions, though the contract value remains undisclosed.
Fast headlines, summarized. Not verified and not advice. Check the full story before you act.