Hello Capitalists!
Get the edge on what you need to know today:
Capitalist Insider: Ripple finally scores its own U.S. national bank charter
NBA just handed Kalshi and Polymarket the keys to official betting
Broadcom locks $63 billion to fund Anthropic’s AI chip spree
Surgery Partners stock jumps 46% on $5.7 billion HealthSpan takeover
Kalshi lands exclusive S&P Dow Jones deal for index contracts
Sponsored by Kalshi
NBA just handed Kalshi and Polymarket the keys to official betting
The NBA designated Kalshi and Polymarket as preferred prediction-market exchanges Monday and signed a memorandum of understanding with the CFTC focused on integrity protections and data sharing.
Preferred status: The exchanges receive rights to NBA intellectual property, marketing, licensing, and official data from Sportradar to operate and settle authorized markets.
Integrity framework: Agreements limit permissible contracts, bar league and team personnel from trading NBA event contracts, and require information sharing on suspicious activity.
CFTC memorandum: The deal with the agency aims to maintain integrity of both the league and event-contract markets through coordinated monitoring.
League statement: NBA media partnerships head Scott Kaufman-Ross said protecting game integrity is the top priority and that the partnerships create new fan-engagement opportunities.
Odds surge on Tesla merging with SpaceX before 2028
The odds of Tesla merging with SpaceX before 2028 have surged according to the latest data from Kalshi.
Elon’s Mega Corp: Elon Musk, fresh off the back of the SpaceX IPO has been rumored to be debating the move.
A Pattern Emerging: Prior to the SpaceX IPO several of Musk’s ventures were brought in under the SpaceX umbrella. This included the satellite internet division Starlink and the xAI division which runs the AI model Grok.
Do you think Tesla will be acquired by SpaceX?
Get $25 in credit on Kalshi after you sign up using our code “brawl” or by using our link.
Capitalist Insider: Ripple finally scores its own U.S. national bank charter
Hello Capitalist Insiders!
Broadcom locks $63 billion to fund Anthropic’s AI chip spree
Broadcom arranged a $63 billion special-purpose vehicle with Bank of America, Blackstone, Citigroup, and Morgan Stanley to buy its chips and lease them to Anthropic, with residual-value support from the chipmaker.
SPV structure: The vehicle will purchase Broadcom silicon and networking gear and lease it to the Claude developer, with deliveries expected to begin in 2027.
Bank roles: Bank of America, Citigroup, and Morgan Stanley are arranging first-lien financing; Blackstone is providing the committed second-lien portion.
CEO involvement: Broadcom CEO Hock Tan intervened after nearly two months of negotiations to help seal the package.
Context: The deal ranks among the largest AI-infrastructure financings and sits alongside Anthropic’s broader compute commitments disclosed in its S-1.
Surgery Partners stock jumps 46% on $5.7 billion HealthSpan takeover
Surgery Partners shares surged after HealthSpan Partners, an affiliate of Bon Secours Mercy Health, agreed to take the company private in a deal valued at about $5.7 billion including debt.
Deal terms: Remaining shareholders will receive $23.50 per share, a roughly 49% premium to the prior close; Bain Capital retains its 39% stake.
Scale: The combination adds more than 200 sites across 30 states and about 5,000 affiliated physicians to Bon Secours’ network.
Timing: The transaction is expected to close in the first quarter of 2027 and ends a multi-year strategic review.
Share reaction: Surgery Partners rose as much as 48% on the announcement as outpatient surgery remains a focus for health systems.
SoftBank’s Son plans $50 billion AI bet in Malaysia
Malaysian Prime Minister Anwar Ibrahim said SoftBank’s Masayoshi Son selected locations in Sarawak and peninsular Malaysia for $50 billion in AI, technology, and data-center investment.
Locations: Son identified Kuching in Sarawak and areas on the peninsula during a video conference with Anwar.
Scope: The outlay covers AI, new technology, and data centers and ranks among the largest planned investments in the region.
Prior framework: SoftBank earlier signed a framework agreement in Kuching with Grab and state energy company PETROS to explore AI infrastructure.
Confirmation: SoftBank has not publicly confirmed the $50 billion figure; Anwar disclosed the plan in a speech in Melaka.
Kalshi lands exclusive S&P Dow Jones deal for index contracts
Kalshi became a preferred prediction-market platform for S&P Dow Jones Indices, gaining rights to list event contracts tied to benchmarks such as the S&P 500 that will settle against official index values.
Preferred status: Kalshi is licensed as a preferred platform for S&P DJI index-linked event contracts; S&P DJI becomes a preferred provider for indices built from Kalshi data.
Settlement: Forthcoming contracts will settle against official S&P DJI index values, the same reference standard used in professional markets.
New indices: The collaboration opens the door for indices on economics, politics, and sports constructed from Kalshi event-contract data.
Statements: Kalshi CEO Tarek Mansour called S&P DJI the gold standard for benchmarks; S&P DJI CEO Cathy Clay said the deal extends its role into one of the fastest-growing market categories.
Celestica surges after AI boom and $40 billion 2027 target
Celestica shares jumped after the company reported third-quarter revenue of $5.83 billion, up 83% year over year, and raised its outlook while targeting $40 billion in revenue for 2027.
Quarterly results: Adjusted EPS reached $3.30, above the high end of guidance, with adjusted operating margin of 8.5%.
Raised outlook: Full-year 2026 revenue guidance increased to $21 billion from $20.5 billion; adjusted EPS guidance rose to $11.55.
2027 target: Initial outlook calls for $40 billion in revenue, roughly 90% growth, with a 9.0% adjusted operating margin.
AI demand: Management cited strong hyperscaler and frontier-lab demand as the driver of accelerating growth.
Whirlpool sinks on guidance cut while Boeing slips on miss
Whirlpool shares fell after the appliance maker cut full-year guidance, while Boeing declined following an earnings miss as traders sorted through a busy premarket slate.
Whirlpool cut: The company reduced its full-year adjusted earnings outlook, sending shares lower in extended trading and the premarket.
Boeing miss: Shares slid after the aerospace company reported a wider-than-expected quarterly core loss.
Market backdrop: The moves occurred as futures pointed higher on softer oil prices and continued interest in the Anthropic filing.