AST SpaceMobile $ASTS upsizes its 2036 convertible bond to $1.075B after a $75M green shoe exercise.

The deal enables the retirement of $300M in higher interest debt and provides fresh capital to accelerate global BlueBird satellite deployment.

$RCAT $PLTR $KTOS $UMAC $DPRO $ONDS | Secretary of War Pete Hegseth: "The president announced 1.5 trillion dollars for our defense spending in fiscal year 2027, that is a message to the rest of the world."

$ASTI $RKLB $ASTS $LUNR $RDW $VOYG | SpaceX is currently out launching the rest of the world combined in 2026.

With 20 successful missions YTD, the company is on track to surpass 10,000 Starlink satellites by March, maintaining its grip on 90% of all global mass to orbit.

$IREN $CLSK $CIFR $BITF $WULF $CRWV | Sam Altman on energy as AI’s limiting factor: "Eventually the cost of AI will converge to the cost of energy. In terms of strategic investments for the U.S., I can’t think of anything more important than energy."

Silver supply by sources:

~30% primary silver mines
~30% lead/zinc mines
~14% gold mines
~27% copper mines

Even with silver up 160% in 2025, this doesn’t equate to surging silver supplies.

For now, deficits are projected to persist.

President Trump announces an immediate hike in the global tariff from 10% to 15%.

Says the move targets countries he claims have “exploited” the U.S., with more tariff actions coming as part of his broader economic agenda.

Bigger Than Countries💥

The Trading Houses Moving 2 Billion Tonnes of #Commodities

When people talk about commodities, they often picture producers.

Saudi aramco, Rio Tinto, ExxonMobil and Shell.

But the system runs on a different layer.

Merchants!

The firms that finance, store, blend, insure, hedge, and physically deliver the world’s commodities.

These firms are the shock absorbers of the commodity system.

When markets break (wars, sanctions, droughts, refinery outages) they reroute flows and keep supply moving.

The next time you see a commodity price spike, ask a different question.

Which trader is holding the barrels, the ships, and the inventory when everyone else panics?

#oott #energy #metals

THE AGENTIC AI SECURITY CHEAT SHEET

The selloff in cybersecurity after Anthropic announced Claude Code Security is a perfect example of the market reacting to a headline instead of the actual product.

This is what the real security stack looks like:

Identity & Access (who/what is allowed to act in production)
• $ZS controls agent access & traffic across apps + networks
• $OKTA manages identity & access for humans + machine agents

Endpoint & Workload Security (what runs on machines)
• $S protects the machines & workloads agents run on
• $CRWD is the interactive response layer for agents across endpoints & cloud workloads

Data Protection & Recovery (what must be protected after compromise)
• $RBRK is the “undo button” for AI agents when things go wrong

Network & Edge Security (how attacks move through systems)
• $NET gatekeeper of agentic AI traffic on the modern internet
• $FTNT secures AI traffic moving inside enterprise networks
• $PANW coordinates security across network, cloud & SecOps
• $AKAM protects applications & APIs at the edge where traffic hits first

Cloud Runtime & Vulnerability Exposure (what is exploitable in production)
• $RPD protects cloud workloads at runtime as deployments scale
• $TENB maps & prioritizes exploitable vulnerabilities across live assets & cloud

Security Operations & Observability (how incidents are detected & acted on)
• $DDOG provides real-time visibility into the infrastructure agents run on
• $DT provides deep runtime visibility into applications & APIs agents interact with

Claude Code Security sits at the application security layer scanning code for vulnerabilities and suggesting patches for human review. It's a useful feature but represents a VERY small slice of one layer of the broader security stack.

AI doesn’t replace cybersecurity but will actually expand the attack surface.

Top 100 24h Gainers 🚀

INJ          $3.84        +13.12%
MORPHO    $1.62        +7.00% 
ETC          $9.26        +6.69% 
POL          $0.1114    +5.03% 
UNI          $3.62        +4.41% 

Top 100 24h Losers 🔻

NIGHT      $0.0582    -4.26% 
ENA          $0.1090    -2.50% 
ADA          $0.2807    -2.38% 
TON          $1.33        -2.21% 
ATOM        $2.33        -2.19%

POWER IS A REAL BOTTLENECK FOR AI

Global data center electricity demand is projected to roughly double by 2030 as AI clusters push usage toward 1,000+ TWh and a growing share of total grid load.

$NEE NextEra Energy - Renewable utility leader
$SO Southern Company - Sun Belt nuclear utility
$DUK Duke Energy - Carolinas load growth
$CEG Constellation Energy - Nuclear baseload powerhouse
$AEP American Electric Power - Transmission grid builder
$VST Vistra - Merchant power generator
$D Dominion Energy - East Coast regulated utility

🚨 Iran–US Nuclear Talks Shift

Iran says the US accepted its red line: enrichment continues.

Talks now focus on:

• Level of enrichment
• Centrifuge numbers
• Facility locations

No full dismantlement.

But here’s the backdrop.

If diplomacy fails, the US doesn’t need Gulf bases.

Long-range strikes. Tanker bridges. Carrier groups. B-2s.

The military option exists.
Now the market watches which path wins.

source : aitelli
#Iran

📊 Top 10 African Economies (1980 → 2026)

The growth is structural.

🇿🇦 South Africa $445B
🇪🇬 Egypt $399B
🇳🇬 Nigeria $354B
🇩🇿 Algeria $285B

But this isn’t just GDP.

It’s resource leverage.

Africa holds:

🛢 Major oil & gas reserves. Nigeria, Algeria, Angola
🥇 Gold. Ghana, South Africa
🔋 Copper & cobalt. DRC
⚛️ Uranium. Namibia, Niger
🧱 Phosphates. Morocco
🪨 Lithium & critical minerals emerging

GDP growth + resource abundance = export power.

The next decade isn’t just about consumption growth.

It’s about who monetizes commodities into infrastructure, refining, and value-added exports.

Africa is not short resources.

The question is execution.

#oott #metals #energy #Africa

The US and its allies are moving to counter China’s rare-earth dominance.

- The US plans to create a preferential trade zone with price floors
- Members would form a critical-minerals trading bloc
- The goal: guaranteed access to rare earths and other strategic materials

This is a big deal for the rare-earth sector.

The main constraint on non-China production has always been pricing.
China undercut Western producers for years through state subsidies and weaker environmental constraints, creating a massive cost advantage.

For a long time, the West was happy to let China do the “dirty work.”
That changed once it became clear China could weaponize access to rare earths, threatening everything from AI supply chains to defense systems.

Now the US is scrambling to reverse that dependency.

By setting price floors above Chinese levels, the US is effectively re-introducing profitability into a sector that has been largely insolvent outside China.

That changes the investment case entirely.

EARNINGS FEB. 23-27:

MONDAY:
$HIMS $BWXT $KTOS $OPAD $CRGO $D

TUESDAY:
$CIFR $DRS $PLNT $AMC $CAVA $NVTS $TEM $HP

WEDNESDAY:
$HUT $CRCL $RXRX $NVDA $CRM $SNOW $PSTG $VICI

THURSDAY:
$CELH $RXT $WBD $MARA $CRWV $RKLB $SOUN $ZS

FRIDAY:
$UUUU $GSAT

Smaller
Lower grade
Harder to permit

That’s the reality of most new copper discoveries compared to giants like Collahuasi and Escondida.

But supply isn’t dead.

Undeveloped projects exist. What’s needed is faster permitting, political clarity, and capital willing to move before the deficit hits.

For copper exposure:
• McEwen Mining Inc. | TSX:MUX
• Foran Mining Corporation | TSX:FOM
• ATEX Resources Inc. | TSXV:ATX

Source: S&P Global Market Intelligence

#copper #Energy #mining

🥇 Russia’s Gold Holdings Slip as Prices Hit Records

Russia’s central bank gold reserves just dropped to ~74.5m ounces.

Small in absolute terms.
But timing matters.

Gold is at record highs.
Moscow trims holdings.

Why?

• Liquidity needs under sanctions?
• Portfolio rebalancing?
• FX management via gold monetization?

Russia has been a structural gold buyer for years.

A reversal, even modest, raises questions.

When prices spike and a sanctioned central bank reduces holdings, it’s rarely random.

Watch flows, not headlines.

#Russia #gold

U.S. has built its biggest #copper inventory in more than 30 years 🚨🚨

Tariff fears led to this massive stockpile, which drained the rest of the world of #copper.

With copper classified as a critical mineral, do not expect these stockpiles to flood back into the market.

DEFENSE TO ORBIT STACK

$NOC Northrop Grumman
Stealth bombers, missile defense, space payloads

$LMT Lockheed Martin
Prime integrator, hypersonics, GPS, ISR

$LHX L3Harris
ISR payloads, tactical comms, data links

$VZ Verizon
5G backbone, satellite backhaul optionality

$T AT&T
Enterprise fiber, FirstNet, defense connectivity

$TMUS T-Mobile
Spectrum leader, direct-to-device satellite

$BWXT BWX Technologies
Naval reactors, nuclear propulsion, microreactors

$TDY Teledyne Technologies
Infrared sensors, imaging, space electronics