Blockonomi

En resumen:
La capitalización de mercado de Cardano ha subido un 42 % desde el 16 de septiembre, mientras que ADA pasó de unos 0,19 a 0,27 dólares.
Las transacciones de ballenas por más de 100.000 dólares llegaron a 413 en un solo día, la cifra más alta desde el 4 de junio.
El interés abierto de ADA subió alrededor de un 25 % hasta los 304 millones de dólares en dos días, su cierre diario más alto desde al menos abril.
Giannis Andreou afirma que recuperar el nivel de entre 0,32 y 0,40 dólares reforzaría las perspectivas de recuperación de ADA, con los 0,426 dólares como próximo objetivo.
El repunte de ADA ha atraído de nuevo a grandes tenedores a Cardano, cuya capitalización de mercado ha subido un 42 % desde el 16 de septiembre. Los datos on-chain muestran que en un solo día se realizaron 413 transacciones por valor de al menos 100.000 dólares.

Resumen:
Abstract cerrará el 15 de diciembre de 2026, y los fondos que no se transfieran antes de esa fecha quedarán inaccesibles.
Igloo afirmó que perdió decenas de millones de dólares en dos años mientras buscaba que la cadena fuera rentable.
Los usuarios pueden transferir activos a través del Migration Hub o del puente nativo, que tiene un retraso de tres horas.
Tras el cierre de Abstract, Igloo volverá a centrar sus recursos en Pudgy Penguins, los NFT de Pudgy y PENGU.
El cierre de Abstract está previsto para el 15 de diciembre de 2026, según Igloo, la empresa matriz de la cadena. El equipo citó los altos costos operativos, la liquidez limitada, un ecosistema DeFi restringido y una menor demanda del mercado.

En resumen
RCL sube un 4,81 % mientras Silversea anuncia 103 itinerarios en 56 países.
Silversea incorpora 29 nuevos puertos en Europa, Asia y América.
La programación en el Caribe incluye 38 itinerarios por 34 destinos.
Silver Nova realizará un gran viaje de 75 noches por Sudamérica.
La expansión en Asia incorpora ocho nuevos puertos y nuevos puertos de embarque y desembarque.
Royal Caribbean Group (RCL) cotizaba a 288,25 $, un alza del 4,81 %, mientras Silversea anunciaba una importante expansión de sus itinerarios globales. La marca de cruceros de lujo anunció 103 itinerarios que abarcan 219 destinos en 56 países para su temporada 2028-2029. El programa también incorpora 29 nuevos puertos y amplía la presencia de Royal Caribbean en varias de las principales regiones de cruceros.

Resumen
Ondo Finance presentó Ondo Private Markets, que permite obtener exposición tokenizada a empresas que aún no cotizan en bolsa
La oferta inaugural sigue el desempeño de una empresa de inteligencia artificial no revelada que se prepara para salir a bolsa
Estos pagarés digitales ofrecen exposición económica, pero no otorgan participación accionaria, derechos de voto ni pagos de dividendos
Los valores son emitidos por una entidad de propósito especial con sede en las Islas Vírgenes Británicas, independiente de la empresa subyacente
El acceso está restringido a personas cualificadas que no sean estadounidenses, de conformidad con los requisitos del Reglamento S de la SEC

Resumen
Tanto el S&P 500 como el Nasdaq alcanzaron nuevos máximos históricos esta semana, incluso mientras el rendimiento de los bonos del Tesoro a 10 años se mantiene por encima del 5%.
Se prevé que los beneficios empresariales crezcan más de un 30% respecto al año anterior, lo que brinda respaldo pese al elevado costo del crédito.
La valoración de Nvidia se acerca a los 6 billones de dólares, impulsada por la inversión continua en infraestructura de inteligencia artificial.
La sesión bursátil del martes registró ganancias en todos los sectores del S&P 500, lo que indica que el avance se extiende mucho más allá de las acciones tecnológicas de megacapitalización.

Resumen
Los principales índices de EE. UU. alcanzaron máximos históricos, mientras que la caída de los precios del petróleo y el descenso de los rendimientos de los bonos del Tesoro impulsaron el ánimo de los inversores.
La capitalización bursátil de Nvidia se acercó aún más a la marca de los 6 billones de dólares, en medio del entusiasmo sostenido por la IA.
Uber Technologies anunció la adquisición en efectivo por 2.300 millones de dólares de ezCater, un servicio de catering corporativo.
Las acciones de Constellation Energy subieron más de un 13 % tras un histórico acuerdo con Google para el suministro de 3,59 gigavatios de electricidad.
El crudo Brent cayó aproximadamente un 2 %, hasta unos 98,50 dólares por barril, lo que redujo las presiones inflacionarias.

TLDR
Infleqtion stock rises 0.95% after announcing a quantum photonics breakthrough.
Honeywell fabricates the new optical cavity using silicon nitride chip technology.
The design could shrink quantum sensors while improving laser stability and scale.
UC Santa Barbara research supports the prototype and its commercial production path.
The technology targets navigation, atomic timing, data centers, and telecom systems.
Infleqtion (INFQ) stock rose 0.95% to $12.78 after the company announced a quantum photonics breakthrough with Honeywell Aerospace. The stock eased from an intraday move above $13.10 as the market assessed the new technology announcement. Infleqtion said the development could help shrink quantum sensors into smaller and more practical systems.
Infleqtion Inc, INFQ
Infleqtion and Honeywell Develop Chip-Scale Optical Cavity
Infleqtion worked with Honeywell Aerospace and UC Santa Barbara researchers to develop a new integrated optical cavity. The teams built the prototype on a silicon nitride chip at Honeywell Aerospace’s photonics foundry. The device reduces the space needed to stabilize lasers inside quantum computers, clocks, and sensing systems.
The design uses semiconductor manufacturing methods that already support commercial production across established fabrication facilities. This approach could make quantum hardware smaller while keeping the laser stability required for precise operation. It also gives the partners a clearer route toward producing the technology at larger volumes.
Optical cavities help lasers maintain stable performance inside sensitive quantum systems and precision timing equipment. Traditional versions often require large and fragile tabletop hardware, limiting their use outside controlled research environments. The new prototype shifts that function toward chip-scale production and could support broader field deployment.
Quantum Sensor Design Targets Navigation and Timing
Infleqtion said smaller optical cavities could support precision navigation, atomic timing, data centers, and telecommunications infrastructure. The technology could also strengthen quantum sensors that need stable lasers inside compact and durable equipment. These uses provide a practical path from university research into commercial systems across several industries.
UC Santa Barbara’s OCAQπ Group designed the prototype with Infleqtion’s engineering team. Honeywell Aerospace then fabricated the device using its established silicon nitride photonic integration process. The project combined academic research, quantum engineering, and commercial manufacturing capabilities in one development program.
Professor Daniel Blumenthal’s research group has spent more than a decade shrinking cold-atom quantum systems. Its work focuses on moving complex optical experiments from large laboratory setups toward chip-based platforms. The latest prototype extends that effort by connecting research designs directly with commercial fabrication methods.
Infleqtion Builds on SiNoptiq and UCSB Research
UC Santa Barbara’s technology office managed intellectual property that supported the photonic technology behind the project. The university filed more than a dozen patent applications tied to research that later supported SiNoptiq. Professor Blumenthal founded SiNoptiq before Infleqtion acquired the photonics startup in 2024.
The acquisition added silicon photonics expertise and technology developed through long-term university research. It also strengthened Infleqtion’s ability to combine neutral atom systems with smaller photonic components. The current project shows how that research base can support devices designed for commercial manufacturing.
Infleqtion continues developing quantum computing and sensing systems around neutral atom technology. The optical cavity adds a manufacturing-focused component to its effort to reduce system size and complexity. Honeywell Aerospace also provides a commercial fabrication route that could support higher production volumes as deployments expand.

The post Infleqtion (INFQ) Stock: Rises After Major Quantum Photonics Breakthrough With Honeywell appeared first on Blockonomi.

TLDR
Polymarket has started canary testing for its rebuilt Protocol V2 system.
The platform tentatively plans to move new markets to V2 on November 2.
V2 supports four market types and introduces pUSD as collateral.
The OracleAggregator can connect markets with UMA, Chainlink, and other data sources.
Six security firms audited the protocol, while its critical bug bounty reaches $5 million.
Polymarket has started canary markets on Protocol V2, a rebuilt smart-contract system for prediction markets. Protocol lead Rajath Alex said Polymarket will continue testing through October 30. The platform tentatively plans to move new markets to V2 on November 2.
Polymarket Tests New Market System
Protocol V2 replaces the Conditional Tokens Framework, which dates to 2019. The setup uses one ERC-1155 contract to manage positions. It also uses pUSD as collateral, exchanges for market types, and a router for transactions.
The first version supports Binary, Atomic Neg-risk, Incremental Neg-risk, and Combinatorial markets. Polymarket added an OracleAggregator that can use UMA, Chainlink, and other data sources. CFTC prediction-market rule proposals have kept attention on how event contracts operate in the United States.
The system includes tools for moving positions, collateral, and market results across blockchains. Polymarket has not activated those features yet. The company plans to use them when it expands beyond its current network.
Polymarket is launching Data API V2 with the contract upgrade. The Rust-based service uses the company’s own onchain indexer to organize market data. The change gives developers a new data layer for the V2 rollout.
Polymarket odds on a possible October rate hike showed how traders use the platform for economic events. The new protocol aims to support more market structures while keeping the contract system simpler than the current setup.
Security Reviews Cover Protocol V2
Six security firms reviewed the V2 code before migration. Cantina, Certora, Quantstamp, SigmaPrime, Zellic, and Pashov completed audits. Certora also used formal verification to check the code against defined rules.
Polymarket offers a bug bounty of up to $5 million for critical findings. The program rewards security researchers who report serious flaws before wider use.
The upgrade arrives as Polymarket adds senior staff and expands its protocol team. Rajath Alex joined in May. The company later hired Bird founder Travis VanderZanden as chief growth officer.
A trader’s return to Polymarket for a Trump AI wager also drew attention last week. Separately, reports say the company is discussing a $1 billion funding round at a $21 billion post-money valuation.
The canary period gives Polymarket time to test V2 under real market conditions before the planned switch. The November 2 date remains tentative, and the company can adjust the schedule based on testing results.
The post Polymarket Sets November V2 Move, But Testing Comes First appeared first on Blockonomi.

TLDR
Applied Materials expands Intel chip work as AMAT falls 1.80% to $532.52 today.
Intel and Applied target faster development of advanced chips and packaging.
Foveros 3D stacking work aims to improve density, power, and thermal control.
Applied’s EPIC Center will support faster testing and chip commercialization.
The partnership deepens as chipmakers race to meet advanced computing demand.
Applied Materials shares fell 1.80% to $532.52 on Tuesday after a sharp morning decline erased earlier pre-market gains. Meanwhile, the semiconductor equipment maker expanded its technology partnership with Intel around advanced chip development. The companies aim to speed new transistor, interconnect, and packaging technologies for future computing systems.
Applied Materials Expands Intel Chip Development Partnership
Applied Materials and Intel will combine research capabilities across major semiconductor development sites in California and Oregon. The work will focus on advanced logic technologies designed for increasingly demanding computing workloads. Both companies expect deeper collaboration to shorten development cycles for new semiconductor manufacturing processes.
Applied Materials will provide access to capabilities at its Equipment and Process Innovation and Commercialization Center. Intel will contribute research expertise from its established development campus in Hillsboro, Oregon. Together, the teams will test materials, manufacturing processes, and new semiconductor device structures.
The collaboration covers both front-end manufacturing and back-end processes used during advanced chip production. Engineers will also work on smaller and more efficient connections between semiconductor components. These improvements could support greater performance and lower power requirements across future computing platforms.
Advanced Packaging Becomes Major Development Focus
Applied Materials and Intel will also expand work on advanced packaging technologies for Intel’s Foveros-based three-dimensional stacking platform. The technology allows chip components to stack vertically instead of relying only on traditional horizontal designs. This structure can improve connection density while supporting stronger power delivery and thermal management.
The companies plan to develop manufacturing processes that support increasingly complex high-performance computing products. Advanced packaging has become more important as semiconductor companies face physical limits in traditional chip scaling. Therefore, manufacturers increasingly combine different chip components within integrated packages to improve system performance.
Intel also seeks faster development as it expands its foundry manufacturing services for external customers. Applied Materials provides equipment and process technologies used throughout many semiconductor manufacturing stages. Their expanded work could reduce the time required to move new processes from research into commercial production.
EPIC Center Targets Faster Semiconductor Commercialization
Applied Materials expects its new Silicon Valley EPIC Center to become operationally ready during 2026. The facility aims to connect equipment development, semiconductor research, and manufacturing teams within one collaborative environment. Intel will participate as one of the center’s founding partners.
The center will give chipmakers earlier access to Applied Materials technologies during important research and development stages. This approach should allow engineers to test new processes before moving them toward high-volume manufacturing. Applied Materials also expects the structure to improve learning cycles across multiple semiconductor process generations.
The Intel partnership extends a long-standing relationship between two major companies across the semiconductor manufacturing supply chain. Both businesses now face growing technical demands from advanced computing, packaging, and increasingly complex chip architectures. Applied Materials expects deeper joint development to support faster commercialization despite Tuesday’s decline in AMAT stock.

The post Applied Materials (AMAT) Stock: Plunges as Intel Collaboration Expands Next-Gen Chip Development appeared first on Blockonomi.

Resumen
DeFi Development autorizó la recompra de acciones preferentes CHAD actuales y futuras.
La empresa no tiene planes inmediatos de comprar acciones CHAD.
La dirección quiere que CHAD se consolide primero cerca de su valor nominal de 10 dólares.
DeFi Development informó que posee aproximadamente 2,56 millones de SOL en Solana.
Las acciones de DFDV subieron alrededor de un 3,3 % durante la sesión del martes.
DeFi Development Corp., que cotiza en el Nasdaq, ha autorizado un programa sin fecha de vencimiento para recomprar hasta la totalidad de las acciones preferentes CHAD en circulación. La autorización también abarca las acciones CHAD que se emitan en el futuro. La empresa podrá recurrir al programa si el valor cotiza por debajo de su valor nominal de 10 dólares, pero actualmente no tiene previsto iniciar las recompras.

TLDR
Circle, Ripple, QRT, and SC Ventures have invested in OKX.
The latest financing keeps OKX’s pre-money valuation at $25 billion.
OKX plans to expand beyond crypto trading into payments and traditional assets.
OKXICE seeks to offer 24/7 trading in tokenized shares of 63 U.S. companies.
Institutional adoption may depend on liquidity, reliable pricing and long-term regulatory certainty.
Crypto exchange OKX has secured fresh backing from Circle, Ripple, Qube Research & Technologies, and SC Ventures as it expands beyond digital asset trading. The company did not disclose the investment size, but the financing values OKX at $25 billion before the new capital.
The funding extends a March investment from Intercontinental Exchange, the owner of the New York Stock Exchange. OKX says it plans to build one platform for trading, payments, investing and other financial services.
OKX Draws New Strategic Investors
The investor group links OKX with companies active in stablecoins, payments, custody and institutional trading. Circle issues USDC, while Ripple runs payment products and issues the RLUSD stablecoin.
SC Ventures is the venture arm of Standard Chartered. The bank also works with BlackRock and OKX on custody arrangements tied to tokenized assets, while QRT provides institutional liquidity and trading capacity.
The expansion comes as major crypto exchanges add services that sit closer to traditional finance. Payments, stablecoins, stocks and tokenized assets have become important areas as firms search for new sources of revenue.
Recent market activity also shows wider use of stablecoins outside crypto trading. A USDC stablecoin settlement pilot between Lloyds and Visa tested faster transfers across financial networks, adding another example of blockchain-based payment infrastructure.
Tokenized Stocks Face Liquidity Test
OKX and ICE have also moved into tokenized equities through their joint venture, OKXICE. The venture filed with the SEC to offer round-the-clock trading in shares of 63 U.S. companies.
The proposed market would use OKX’s X Layer blockchain and stablecoins for settlement. Related plans for 24/7 tokenized U.S. stock trading show how digital asset firms are testing regulated access to traditional securities.
Macquarie said institutional adoption will depend on liquidity, company participation and reliable pricing throughout the day. The temporary five-year SEC framework may also affect how quickly large firms connect their systems.
Ripple is also expanding blockchain payment activity in Asia, where XRP Asia payments expansion has launched as part of a wider payments push. These developments place stablecoins and blockchain settlement closer to mainstream finance.
OKX’s latest funding gives the company more strategic partners as it builds across crypto and traditional markets. The company now needs to prove that users and institutions will adopt the broader platform as it enters more regulated financial services worldwide.
The post OKX Targets Finance Beyond Crypto Trading appeared first on Blockonomi.

Resumen
Las acciones de Amazon suben un 1,55% tras conocerse un plan de un vehículo SPV de chips de Nvidia por 8.000 millones de dólares
Amazon podría volver a arrendar chips de Nvidia a través de un vehículo de financiación independiente
El SPV propuesto podría respaldar los enormes planes de gasto de Amazon en IA y AWS
Los ingresos de AWS crecieron un 36,7% mientras Amazon seguía ampliando su infraestructura en la nube
Amazon prevé que las limitaciones de capacidad continúen durante 2026 y 2027
Las acciones de Amazon avanzaron durante la sesión del martes mientras la empresa estudiaba una estructura de financiación que implicaría unos 8.000 millones de dólares en chips de Nvidia. Amazon (AMZN) cotizó a 255,30 dólares, con una subida de 3,90 dólares, o un 1,55%, durante la sesión.** La estructura propuesta trasladaría equipos informáticos costosos a un vehículo de propósito especial independiente, según el Financial Times.

En resumen
Arbitrum se unió a Global Dollar Network con el lanzamiento de USDG, emitida por Paxos, en todo su ecosistema.
USDG da acceso a Arbitrum a recompensas basadas en reservas y vinculadas a la adopción de las monedas estables.
Arbitrum alberga actualmente unos 3.800 millones de dólares en monedas estables, de los cuales USDC representa aproximadamente el 60 %.
Una propuesta de la DAO busca destinar 100 millones de ARB a incentivos y a brindar apoyo adicional del tesoro para la liquidez de USDG.
Robinhood Chain ya ofrece otra vía para compartir ingresos con el ecosistema más amplio de Arbitrum.
Arbitrum se ha unido a Global Dollar Network con el lanzamiento de USDG en la red de capa 2 de Ethereum. Esta iniciativa da a Arbitrum y a sus desarrolladores acceso a ingresos compartidos vinculados al crecimiento de las monedas estables. Paxos emite USDG, la respalda en una proporción de uno a uno con reservas en dólares e informa que hay más de 3.000 millones de dólares en circulación.

TLDR
Marvell stock gains as FY2028 revenue guidance rises to $20 billion
The company expects fiscal 2028 revenue growth of about 67% year over year
AI chip and data center demand remain central to Marvell’s growth outlook
Amazon, Google, and Microsoft support Marvell’s custom silicon expansion
Marvell shares have climbed more than 240% since the start of the year
Marvell Technology (MRVL) stock gained 5.64% to $286.58 during Tuesday trading after the company raised its long-term revenue guidance. The semiconductor company now expects fiscal 2028 revenue to reach about $20 billion. The stronger forecast reflects expanding demand for custom chips and data center infrastructure.
Marvell Technology, Inc., MRVL
The updated outlook marks a significant increase from Marvell’s previous fiscal 2028 revenue target. Management had projected about $18 billion in August, while market estimates had centered near $18.2 billion. Therefore, the latest guidance places Marvell above its earlier expectations for the period.
Marvell also expects fiscal 2028 revenue to rise about 67% from the previous year. Chief Executive Matt Murphy presented the updated targets during the company’s investor day conference Tuesday. The announcement strengthened attention around Marvell’s growing exposure to large-scale computing infrastructure.
Marvell Raises Fiscal 2028 Revenue Target
Marvell expects demand from large technology companies to support its revenue expansion through fiscal 2028. The company develops custom silicon and networking products for high-performance computing systems. These products help data centers move information efficiently between processors, memory, and other infrastructure components.
The company estimates its total addressable market related to artificial intelligence could reach approximately $400 billion by 2030. Marvell works on custom silicon programs with major technology companies, including Amazon, Google, and Microsoft. Consequently, these partnerships give Marvell exposure to continued spending on large data center projects.
Marvell competes directly with Broadcom across several semiconductor infrastructure markets. Both companies provide networking technologies and custom processors used in advanced computing systems. However, Marvell has expanded its position through custom chip programs and high-speed connectivity products.
Semiconductor Demand Supports Marvell Growth
Semiconductor companies have benefited from rising spending on computing capacity and large data centers this year. Marvell has participated in that expansion through products designed for networking and custom processing workloads. Meanwhile, technology companies continue building infrastructure that requires faster data transfer and greater computing efficiency.
Marvell also gained broader market exposure after joining the S&P 500 index in June. The inclusion followed substantial share appreciation during 2026 and increased the company’s presence within major equity benchmarks. Marvell shares have climbed more than 240% since the beginning of the year.
Earlier this year, Nvidia Chief Executive Jensen Huang highlighted Marvell’s position within the semiconductor industry. The company has since continued expanding its custom silicon and networking businesses. Its latest fiscal 2028 forecast now reinforces management’s expectations for substantial revenue growth.
Marvell Expands Role in Data Center Infrastructure
Marvell designs high-speed infrastructure that connects processors across modern data centers. Its portfolio includes networking, connectivity, storage, and custom semiconductor products. These technologies support cloud computing providers that require large amounts of processing capacity.
The company has increasingly focused on custom silicon programs for major hyperscale customers. Those projects allow large technology companies to develop specialized chips for specific computing workloads. Marvell provides design expertise and semiconductor technologies that support those customized platforms.
The revised revenue outlook adds another growth target to Marvell’s expanding data center business. Management now expects stronger fiscal 2028 sales than projected only two months earlier. The increase reflects the company’s larger role in custom silicon and high-speed data center infrastructure.
The post Marvell Technology (MRVL) Stock: Gains as AI Chip Demand Fuels Bullish Forecast appeared first on Blockonomi.

Key Takeaways
Shares of Rocket Lab gained approximately 4% on Tuesday following a Bloomberg report indicating NASA is close to making bulk rocket launch purchases for its lunar base initiative.
The space agency may order four to five different rocket variants simultaneously, pairing each with commercial lunar landing vehicles.
This development follows SpaceX’s decision to halt new dedicated Falcon 9 reservations beyond 2028, creating opportunities for competitors such as Rocket Lab’s Neutron vehicle.
Over the past month, RKLB stock has climbed 14%, contrasting sharply with the Aerospace-Defense sector’s 5% downturn.
Second quarter fiscal 2026 revenue surged 62% annually to $234.1 million, driven by a 94% increase in Space Systems revenue.
Rocket Lab shares advanced on Tuesday, trading approximately 4% higher near the $75.70 mark. The upward movement followed Bloomberg’s disclosure that NASA is finalizing a bulk procurement strategy for rocket launches supporting its $30 billion lunar base initiative.
According to Bloomberg, Carlos García-Galán, who manages NASA’s moon base program, indicated the agency will “probably announce the first set of these bulk buys” in the near future. The procurement strategy could encompass four or five different rocket configurations purchased in a single transaction.
Each launch vehicle would be designated to work alongside a commercial lunar lander. NASA indicated that any surplus launch capacity might be allocated to additional government agencies.
The announcement coincides with World Space Week, which launched October 4 in over 100 nations. This year’s theme, “Rocket Revolution,” highlights decreasing launch expenses as a catalyst for expanding space-related endeavors.
SpaceX Capacity Constraints Create Market Opening
A significant market shift is unfolding alongside the NASA procurement news. SpaceX has begun declining satellite operators seeking dedicated Falcon 9 missions scheduled after 2028.
This capacity limitation has created a market opportunity for emerging launch providers. Rocket Lab’s Neutron vehicle is among several contenders positioning themselves, joined by Relativity Space’s Terran R, Firefly Aerospace’s Eclipse, and Stoke Space’s Nova.
These vehicles have yet to demonstrate high-frequency operational capability. Establishing consistent launch schedules requires years of development, making it uncertain whether any will achieve regular flight operations by 2029.
Rocket Lab’s operations extend beyond Neutron development. The organization manufactures the Electron launch vehicle, Photon satellite platforms, and executes complete missions for both governmental and commercial clients.
Financial Performance Driving Stock Momentum
Tuesday’s gain extends RKLB’s recent positive trajectory. Over the last month, shares have appreciated 13.6%, while the Zacks Aerospace-Defense Equipment industry declined 5% during the identical timeframe.
Industry competitors have underperformed. Curtiss-Wright decreased 4.6% and TransDigm fell 6% over the comparable period.
The company’s expansion stems primarily from its Space Systems division. Rocket Lab produces solar cells, composite structures, star trackers, batteries, and additional spacecraft components.
During Q2 2026, overall revenue increased 62% year-over-year to $234.1 million. Space Systems revenue specifically surged 94% to $189.5 million, boosted by strategic acquisitions and expanded manufacturing operations.
Gross profit for the segment more than doubled, reaching $65.5 million. The quarter concluded with a $2.36 billion contract backlog.
In September, Rocket Lab unveiled IMM Apex, an advanced solar cell technology. The company reports 31.5% efficiency at beginning of life with 40% reduced mass compared to legacy germanium-based alternatives, engineered for direct integration into current spacecraft platforms.
According to Rocket Lab, over 1,100 satellites currently operate using its solar technologies. This established record supports the commercial case for IMM Apex.
Examining the balance sheet, Rocket Lab maintains a debt-to-capital ratio of 0.83%, significantly lower than the industry benchmark of 61.13%. Its current ratio stands at 5.48, substantially exceeding the industry’s 2.06.
Traditional valuation metrics indicate premium pricing. RKLB trades at 35.25 times forward 12-month sales, relative to the industry average of 7.04 times.
Zacks presently assigns Rocket Lab a #2 (Buy) rating, highlighting upward earnings estimate revisions coupled with the stock’s recent performance. The consensus 2026 EPS forecast has increased 50% during the previous 60 days.
The post Rocket Lab (RKLB) Gains on Bloomberg Report of Upcoming NASA Bulk Launch Orders appeared first on Blockonomi.

TLDR
Western Digital shares declined in pre-market hours Tuesday, extending losses linked to Toshiba’s aggressive capacity growth strategy.
A multi-billion dollar acquisition battle has emerged between Seagate and Toshiba over TDK’s magnetic head manufacturing division.
Financial analysts remain divided on whether Toshiba’s capacity expansion will significantly impact Seagate and Western Digital’s margins.
Seagate stock tumbled approximately 7.8% while Western Digital declined roughly 7% during early Tuesday sessions.
TDK’s stock surged 5.3% on the Tokyo exchange following reports of the competitive bidding situation.
Shares of [[LINK_START_1]]Western Digital[[LINK_END_1]] retreated 2.3% during pre-market activity Tuesday morning, reaching $431.37. This decline continues a difficult period for the storage company that started on October 2.
On that date, the stock collapsed over 10% when news emerged that Toshiba intends to approximately double its hard disk drive manufacturing output by the 2027 fiscal year. According to reports, Toshiba’s strategy targets increasing its market position from roughly 11% to 30% within the next several years.
The stock experienced a recovery Monday after multiple Wall Street analysts characterized the previous decline as excessive. However, Tuesday’s pre-market weakness indicates that bounce may be short-lived.
Wall Street Divided Over Toshiba’s Competitive Impact
Goldman Sachs maintained its Hold recommendation for Western Digital shares. The investment bank cautioned that Toshiba’s production expansion might undermine pricing strength and profit margins in coming quarters.
Seagate and Toshiba are locked in a contest for TDK’s magnetic-heads business for hard-disk drives in a deal that could be worth several billion dollars — the latest attempt by AI-related hardware makers to keep pace with demand https://t.co/AcUwUYBEbf
— Bloomberg (@business) October 6, 2026
A contrasting view comes from Morgan Stanley, Bernstein, Citi, and Evercore. These firms contend Toshiba’s Philippines manufacturing facility expansion lacks the scale needed to alleviate the constrained nearline hard drive supply that has generated exceptional margins for Western Digital.
Evercore specifically highlighted Western Digital’s vertical integration advantages, noting the company’s ownership of head wafer technology and magnetic media production gives it structural benefits over Toshiba.
Broader equity markets advanced Tuesday. The S&P 500 climbed 0.4% while the Nasdaq increased 0.6%, demonstrating that the pressure on Western Digital and Seagate shares stems from sector-specific concerns rather than macroeconomic forces.
Western Digital’s upcoming quarterly results are scheduled for November 5, 2026. In the interim, Toshiba’s supply expansion narrative will likely continue driving stock movements.
TDK Magnetic Head Business Sparks Acquisition Battle
Seagate now confronts an additional competitive challenge from Toshiba. Bloomberg disclosed Tuesday that both Seagate and Toshiba have entered a competitive bidding process to purchase TDK Corp’s magnetic head manufacturing operations for hard drives.
The transaction value could reach several billion dollars, sources familiar with the matter indicated. Magnetic heads represent critical hardware components that enable data reading and writing on hard drive platters.
TDK presently provides these components to Seagate, Toshiba, and Western Digital. When contacted, Seagate representatives declined commentary on the Bloomberg report. Toshiba has not yet issued a statement regarding the acquisition contest.
Seagate shares plummeted 7.8% during early Tuesday trading. Western Digital stock fell approximately 7%. Meanwhile, TDK shares jumped 5.3% on Japan’s stock exchange.
Toshiba faces potentially higher stakes in this acquisition battle than competitors. Market research firm TrendForce forecasts Toshiba will command only 10% of worldwide hard drive sales in 2026, versus 48% for Western Digital and 42% for Seagate.
Wedbush analyst Matt Bryson indicated that Seagate would face substantial antitrust hurdles in acquiring TDK’s operations. He noted that regulators, Toshiba itself, major enterprise customers, and Japanese authorities would probably oppose allowing the smallest of three major hard drive manufacturers to become entirely dependent on Seagate for components.
The hard drive industry has experienced robust growth throughout 2026 as artificial intelligence applications generate unprecedented data storage requirements. Both Seagate and Western Digital stocks have posted dramatic gains this year.
That sharp appreciation has created investor sensitivity. Both companies’ shares experienced significant declines Monday after initial reports surfaced regarding Toshiba’s manufacturing expansion intentions.
Western Digital continues trading substantially below its 52-week peak of $799.87, though shares remain well above the 52-week trough of $112.52 recorded earlier in the year.
The post Western Digital (WDC) and Seagate Face Pressure from Multi-Billion Dollar TDK Acquisition Race appeared first on Blockonomi.

Conclusiones clave
Uber ha llegado a un acuerdo para comprar ezCater, proveedor de comidas para empresas, en una operación valorada en 2.300 millones de dólares, pagados íntegramente en efectivo.
ezCater opera una red de más de 140.000 restaurantes asociados en todo Estados Unidos.
La plataforma de catering registró reservas brutas superiores a los 2.500 millones de dólares durante los últimos doce meses.
Los pedidos realizados a través de ezCater superan en promedio los 400 dólares, una cifra significativamente mayor que la de las transacciones habituales de entrega a domicilio.
Esta adquisición llega meses después de que Uber anunciara un acuerdo de 14.800 millones de dólares para comprar Delivery Hero.

TLDR
Wells Fargo raised Cleveland-Cliffs to Overweight with a $14 price target, up from $12.
Shares of CLF advanced roughly 1% to approximately $12.30 during Tuesday’s session.
Analyst Timna Tanners projects EBITDA for late 2026 and 2027 will surpass current consensus estimates.
Hot rolled coil prices have surged from around $900 to $1,300 per ton year-to-date.
Just 25% of analysts covering CLF maintain Buy ratings, significantly below the 55-60% S&P 500 average.
Shares of Cleveland-Cliffs advanced approximately 1% to reach $12.30 during Tuesday trading following a Wells Fargo upgrade. Analyst Timna Tanners elevated her stance to Overweight from Equal Weight while simultaneously raising her price objective to $14 from the previous $12 target.
According to Tanners, the steelmaker’s future earnings have the potential to significantly surpass current Wall Street projections. Her analysis highlights the second half of 2026 and the full 2027 calendar year as key timeframes when this outperformance may materialize.
Current consensus estimates call for approximately $1.3 billion in combined second and third quarter EBITDA for 2026. Looking ahead to 2027, analyst forecasts cluster around $2.3 billion.
As a reference point, Cleveland-Cliffs achieved $5.3 billion in EBITDA during 2021, representing its strongest annual performance to date. During that period, steel prices reached approximately $1,900 per ton.
Steel Prices Are Climbing Again
Benchmark steel valuations began 2026 hovering around $900 per ton. Since then, prices have escalated to roughly $1,300 per ton, expanding the company’s profit potential.
According to Wells Fargo’s research, hot rolled coil lead times have stretched to levels approaching those seen during the pandemic era. Purchasers are experiencing significant challenges securing material within acceptable timeframes.
In Houston, U.S. landed hot rolled coil prices have climbed approximately $235 per ton following the onset of the Iran conflict. By comparison, Southeast Asian prices—frequently referenced as a global benchmark—increased only $35 per ton during the identical period.
Tanners characterized this upgrade as a tactical position rather than a structural long-term investment thesis. Her view suggests the steel pricing cycle is approaching its peak, yet Cleveland-Cliffs has not yet fully captured the financial benefits.
A Rocky Setup Ahead of New Competition
CLF shares touched a low of $11 during the previous week. That represents approximately a 5% decline from levels prior to President Trump’s endorsement of a new steel manufacturing facility in Iowa.
Mesabi Metallics has announced plans for a $15 billion fully integrated steel complex in that state. Upon reaching full operational capacity, the facility is projected to produce eight to nine million tons of finished steel products annually.
That volume represents a substantial portion of the domestic market, which currently manufactures 80 to 90 million tons per year while importing an additional 20 to 25 million tons. Additional supply of this magnitude could either displace foreign imports or pressure existing domestic manufacturers.
The proposed facility remains several years from operational status, however. At present, Cliffs is valued based on near-term EBITDA projections rather than distant competitive threats.
Currently, only 25% of analysts monitoring Cliffs maintain Buy recommendations on the stock. As a comparison point, the average S&P 500 component typically carries Buy ratings from 55-60% of covering analysts.
That metric has been trending upward, however. During the summer months, merely two analysts held Buy ratings on the shares. That figure has now doubled to four.
The consensus price target among analysts stands at approximately $13, representing an increase from roughly $12 one year ago.
Cleveland-Cliffs is scheduled to release quarterly results in 13 days. During its most recent quarter, the company delivered $5.2 billion in revenue, aligning with analyst expectations, while posting a per-share loss of $0.20, marginally wider than the anticipated $0.19 loss.
Wells Fargo additionally noted that cost pressures emerged as the primary concern voiced by management teams during the previous quarter. The firm continues to favor aluminum equities and copper producer Freeport-McMoRan as superior long-term sector investments compared to steel.
The post Cleveland-Cliffs (CLF) Receives Upgrade as Steel Prices Surge to $1,300 Per Ton appeared first on Blockonomi.

TLDR
Wells Fargo increased its Meta price target from $796 to $1,000 while maintaining an Overweight rating.
Analysts anticipate 2027 will mark a low point for earnings as AI infrastructure spending accelerates ahead of revenue generation in 2028.
Citi maintained its Buy rating, highlighting that Meta’s Muse assistant achieved 6.6 million downloads within 16 days as the leading app.
Meta shares increased 0.2% to reach $743.01, marking nearly 21% growth since Muse’s September 8 debut.
Central Pacific Bank Trust Division expanded its META holdings by 65% in the most recent quarter, valuing its position at approximately $5.2 million.
Shares of Meta Platforms edged up 0.2% to $743.01 during Tuesday’s session, extending the stock’s advance beyond 20% since early September. The gains follow a pair of analyst reports examining the social media giant’s artificial intelligence strategy.
Wells Fargo analyst Ken Gawrelski boosted his price objective to $1,000 from the previous $796 target. His Overweight recommendation remains unchanged.
However, the analyst’s outlook contains a cautionary element for the near term. Gawrelski anticipates that 2027 will represent a low point for Meta’s profitability.
The reasoning centers on Muse, Meta’s AI assistant, which isn’t expected to deliver significant revenue during that timeframe. At the same time, spending on infrastructure continues to escalate.
Gawrelski also flagged a $5 billion impact from discontinued capacity resales. Meta now requires that computing power for its proprietary AI offerings rather than leasing it to external parties.
His recommendation for shareholders: focus on the horizon beyond 2027. He projects 2028 as the inflection point when AI-driven revenue begins layering onto Meta’s core advertising operations.
An interesting detail emerged from the analysis. Gawrelski believes current Wall Street forecasts for 2027 remain overly bullish. He anticipates downward revisions as analysts absorb the delayed monetization timeline.
The Wells Fargo team drew parallels between the Muse deployment and Meta’s 2022 Reels transition. That strategic shift redirected user engagement from static posts to short-form video content, ultimately proving successful.
Citi Highlights Strong Early Adoption
Citi analyst Ronald Josey delivered a more immediately optimistic assessment on Tuesday. He maintained his Buy rating alongside an $800 price objective.
Josey emphasized that Muse has surpassed 6.6 million downloads. The application has held the top position in download rankings for 16 consecutive days.
Citi’s long-term projection sees Muse generating more than $27 billion in revenue once fully scaled. Such figures represent meaningful contribution potential to Meta’s overall business.
Market reaction to both analyst notes proved muted. Share price movement remained minimal despite the positive commentary.
Institutional Investors Continue Accumulation
Beyond Wall Street research coverage, institutional capital continues flowing into the stock. Central Pacific Bank Trust Division increased its META holdings by 65% during the previous quarter.
The institution acquired an additional 2,817 shares, expanding its total position to 7,169 shares valued at roughly $5.2 million. Other smaller investment firms, including Watchman Group and Penney Financial, similarly expanded their allocations.
Nearly 80% of Meta’s outstanding shares are currently held by institutional investors and hedge funds. This represents substantial professional investment backing for the company.
According to MarketBeat data, the consensus analyst price target stands at $787.86. Individual targets span from a low of $700 to a high of $900.
Corporate insiders have not been accumulating shares recently. COO Javier Olivan and CEO Mark Zuckerberg both executed share sales in September through predetermined trading programs.
Total insider sales have reached approximately $99.9 million over the past 90 days. Company insiders maintain ownership of roughly 13.5% of outstanding shares.
Meta’s most recent quarterly results, released July 29, reported revenue of $60.80 billion. This exceeded analyst expectations of $60.22 billion and represented 28% growth compared to the prior year.
Earnings per share reached $6.18, falling short of the $7.19 consensus estimate. The company distributes a quarterly dividend of $0.525 per share, translating to approximately 0.3% yield.
Shares began Tuesday’s trading at $741.90, approaching the 12-month peak of $779.82.
The post Wells Fargo Sets $1,000 Target on Meta (META) Despite Predicting 2027 Earnings Trough appeared first on Blockonomi.

Resumen
La actividad de los futuros de XRP se mantuvo cerca de sus niveles más altos de los últimos seis meses.
El volumen de futuros de septiembre aumentó frente al de agosto en las principales plataformas de intercambio.
Binance lideró las operaciones de futuros de XRP en septiembre, con un volumen de unos 32.360 millones de dólares.
Bybit registró aproximadamente 12.500 millones de dólares, mientras que OKX alcanzó unos 11.320 millones.
El elevado volumen de negociación de derivados refleja una actividad sostenida, aunque el volumen de futuros por sí solo no determina la dirección del precio de XRP.
La actividad de negociación de XRP siguió fortaleciéndose en los mercados al contado y de derivados durante septiembre, y los volúmenes de futuros de XRP se mantuvieron cerca de sus máximos de seis meses. Los datos de CryptoQuant muestran que las principales plataformas de intercambio registraron una elevada actividad en futuros durante el mes, aunque los volúmenes disminuyeron respecto a los máximos anteriores. Esta tendencia apunta a una participación sostenida de los operadores en los mercados apalancados de XRP. El aumento se produjo mientras los operadores mantenían su interés en XRP tras la mayor actividad del mercado registrada en agosto.