Keep pulling the thread on Bloomberg Intelligence.
Oracle Corp's shares declined 10.9% in premarket trading after the company reported quarterly capital expenses that were higher than analyst estimates.
Anurag Rana predicts that Oracle will raise at least $20 billion next year, likely through a combination of equity and debt offerings, which will cause equity dilution.
Oracle's capital expenditure is now projected to be $70 billion or more, a significant increase from previous levels of $10-15 billion.
The SpaceX IPO has reportedly attracted over $70 billion in retail investor orders.
The investment thesis for SpaceX is viewed as a long-term play on the success of its AI division, XAI.
Analyst consensus forecasts project SpaceX's revenue to grow from approximately $19 billion in 2025 to $63 billion in 2028.
SpaceX's AI business is projected to have a loss of approximately $8 billion for the year and is not expected to be profitable for at least the next two years.
SpaceX is raising $75 billion in its initial public offering.
Following its IPO, Elon Musk will control the majority of SpaceX's Class B shares, which carry 10 votes per share compared to one vote for Class A shares.
Nike's stock has declined by 45% since Elliot Hill became CEO.
Nike CEO Elliot Hill's strategy is focused on reversing initiatives from the prior CEO, John Donahoe, which included a shift to lifestyle products and cutting ties with retailers like Macy's and Amazon.
Oracle does not plan to conduct any further debt raises in 2026, with future capital raises expected next year.