Stocks

S&P 500 e-mini futures and Nasdaq 100 futures fell in overnight trading after President Trump's 9 PM ET Wednesday address on Iran did not deliver the ceasefire signal markets had expected. Futures dropped as much as 1.3% for the S&P 500 and 1.6% for the Nasdaq, while Brent crude rebounded about 4.8% to near $106 a barrel as investors rotated toward traditional havens.

SpaceX has reportedly filed a confidential IPO draft with the U.S. SEC, with Bloomberg and CNBC saying the reports were published April 1, 2026. The company is said to be targeting a valuation above $1.75 trillion and raising as much as $75 billion, though AP News described a possible $75 billion raise at about a $1.5 trillion valuation.

Genius Group said Tuesday it sold the rest of its Bitcoin during Q1 to help repay $8.5 million in debt, and said it may rebuild its BTC treasury when market conditions improve. The company had 84 BTC worth about $5.7 million as of March 2026 and reported Q1 revenue of $3.3 million with net profit of $2.7 million, after a loss in Q1 2025.

Intel Corp (INTC) shares surged on April 1, 2026, closing up 8.84% at $48.03. The rally follows a major strategic announcement: Intel is reacquiring the 49% stake in its Fab 34 facility in Ireland that it sold to Apollo Global Management in 2024. The move is being hailed by Wall Street as a victory lap for Intel’s foundry strategy, signaling that the company has moved past its liquidity crisis and is now in a position of renewed financial strength.

Coinbase Chief Legal Officer Paul Grewal said the U.S. Clarity Act is "very close" to an agreement on how stablecoin yield should be handled, following a Wednesday interview. He argued there is no evidence that allowing yield on idle stablecoin balances would trigger bank deposit flight and said the yield debate should not be mixed with other issues banks are facing. Coinbase shares closed down 0.9% on Wednesday at $172.99 after falling 50% over the past six months.

OpenAI said it finalized a $122 billion financing on March 31, 2026, setting a post-money valuation of $852 billion and marking a new high for private capital raises. The company outlined plans to deploy the funds into compute infrastructure, model R&D, chip work, and product expansion, while broadening access through bank channels and Ark Invest ETFs.

SpaceX has reportedly submitted a confidential IPO filing to the US Securities and Exchange Commission, a step that could lead to a listing as early as June. The float could target a valuation above $1.75 trillion and raise up to $75 billion, which would exceed Saudi Aramco's $29 billion 2019 debut. The company also holds 8,285 Bitcoin, valued at more than $565 million, while the offering may include a dual-class structure and reserve up to 30% of shares for individual investors.

Cango Inc. closed a $65 million insider equity placement on March 31, 2026, and completed a $10 million convertible note on April 1, 2026, for a combined raise of about $75 million. The company said the proceeds will support acquisitions and AI computing infrastructure under its Ecohash unit, alongside integrated energy and distributed AI inference pilots. Cango shares traded at $0.40 on April 1, down 5.18% on the day, after falling 73.65% year-to-date.

SpaceX has confidentially submitted a draft registration statement to the U.S. SEC, a step that could set up a public debut as early as June 2026. The company is said to be targeting a valuation above $1.75 trillion and a $50 billion to $75 billion raise, while reporting roughly $15 billion to $16 billion in revenue and about $8 billion in profit in its most recent year.

Robinhood CEO Vlad Tenev said Robinhood Banking has exceeded $1.5 billion in deposits, supported by nearly 100,000 funded accounts. The service, launched in November 2025 for Robinhood Gold users, offers FDIC-insured checking and a high-yield savings option via Coastal Community Bank. The update came as HOOD rose 6.35% on March 30, while Coinbase faces potential pressure on USDC-related rewards under the GENIUS Act and the pending CLARITY Act.