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Wall St Engine
U.S. posts a $258.4B budget surplus in April, slightly above expectations. Customs duties jumped 130% y/y to $16B amid new tariffs. Fiscal YTD deficit now stands at $1.05T vs. $855B this time last year. April receipts hit $850B, outlays $592B. https://t.co/o2fpiisBYh
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U.S. posts a $258.4B budget surplus in April, slightly above expectations. Customs duties jumped 130% y/y to $16B amid new tariffs. Fiscal YTD deficit now stands at $1.05T vs. $855B this time last year. April receipts hit $850B, outlays $592B. https://t.co/o2fpiisBYh
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Wall St Engine
Apple $AAPL is bringing an AI-powered battery optimization mode to iOS 19 this fall, aimed at boosting battery life by learning user behavior. It’s especially built to support the thinner iPhone 17 Air, which will have a smaller battery. Feature will roll out to all iPhones with iOS 19. (Bloomberg)
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Apple $AAPL is bringing an AI-powered battery optimization mode to iOS 19 this fall, aimed at boosting battery life by learning user behavior. It’s especially built to support the thinner iPhone 17 Air, which will have a smaller battery. Feature will roll out to all iPhones with iOS 19. (Bloomberg)
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Wall St Engine
RT @wallstengine: Lilly’s $LLY Zepbound outperformed $NVOs's Wegovy in the full SURMOUNT-5 trial, delivering 47% greater weight loss (20.2% vs 13.7%) and sharper waist reduction. https://t.co/1nvDJ2axbu
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RT @wallstengine: Lilly’s $LLY Zepbound outperformed $NVOs's Wegovy in the full SURMOUNT-5 trial, delivering 47% greater weight loss (20.2% vs 13.7%) and sharper waist reduction. https://t.co/1nvDJ2axbu
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Wall St Engine
S&P 500 Closing Bell Heatmap (May 12, 2025)
$SPY +3.28% 🟩
$QQQ +4.07% 🟩
$DJI +2.81% 🟩
$IWM +3.55% 🟩
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S&P 500 Closing Bell Heatmap (May 12, 2025)
$SPY +3.28% 🟩
$QQQ +4.07% 🟩
$DJI +2.81% 🟩
$IWM +3.55% 🟩
S&P 500 Opening Bell Heatmap (May 12, 2025)
$SPY +3.03% 🟩
$QQQ +3.83% 🟩
$DJI +2.63% 🟩
$IWM +4.19% 🟩 tweet
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Wall St Engine
NASDAQ 100 $QQQ RECORDS 2ND BIGGEST DAILY GAIN SINCE MAR. 2022 https://t.co/7LNS9GnTdc
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NASDAQ 100 $QQQ RECORDS 2ND BIGGEST DAILY GAIN SINCE MAR. 2022 https://t.co/7LNS9GnTdc
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Wall St Engine
$ACHR | Archer Aviation Q1'25 Earnings Highlights
🔹 Revenue: Not specified (pre-revenue stage)
🔹 Net Loss: $(93.4)M, improved from $(116.5)M YoY
🔹 Adj EBITDA: $(109.0)M, widened from $(86.8)M YoY
🔹 Total Operating Expenses (GAAP): $144.0M, flat YoY
🔹 Non-GAAP Operating Expenses: $113.1M, +$24M YoY
🔹 Cash & Equivalents: $1.03B, +$195.9M QoQ (record high)
🔹 Cash Burn (Ops + Investing): $(104.6)M
🔹 Shares Outstanding: ~540.4M
🔹 EPS (GAAP): $(0.17), improved from $(0.36) YoY
Strategic & Commercial Updates
🔸 UAE launch on track – Midnight aircraft delivery expected in coming months; infrastructure approved
🔸 First "Launch Edition" customers: Abu Dhabi Aviation & Ethiopian Airlines
🔸 Palantir partnership – Joint development of AI-based aviation systems
🔸 NYC air taxi network with United Airlines – Ongoing infrastructure and operational planning
Q2 2025 Guidance
🔹 Adjusted EBITDA: $(100)M to $(120)M
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$ACHR | Archer Aviation Q1'25 Earnings Highlights
🔹 Revenue: Not specified (pre-revenue stage)
🔹 Net Loss: $(93.4)M, improved from $(116.5)M YoY
🔹 Adj EBITDA: $(109.0)M, widened from $(86.8)M YoY
🔹 Total Operating Expenses (GAAP): $144.0M, flat YoY
🔹 Non-GAAP Operating Expenses: $113.1M, +$24M YoY
🔹 Cash & Equivalents: $1.03B, +$195.9M QoQ (record high)
🔹 Cash Burn (Ops + Investing): $(104.6)M
🔹 Shares Outstanding: ~540.4M
🔹 EPS (GAAP): $(0.17), improved from $(0.36) YoY
Strategic & Commercial Updates
🔸 UAE launch on track – Midnight aircraft delivery expected in coming months; infrastructure approved
🔸 First "Launch Edition" customers: Abu Dhabi Aviation & Ethiopian Airlines
🔸 Palantir partnership – Joint development of AI-based aviation systems
🔸 NYC air taxi network with United Airlines – Ongoing infrastructure and operational planning
Q2 2025 Guidance
🔹 Adjusted EBITDA: $(100)M to $(120)M
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Wall St Engine
$ASTS Q1'25 Business Update:
Commercialization Outlook
🔹 Expects H2 2025 revenue opportunity of $50–75M from early network deployments
🔹 Continuing rollout of direct-to-device broadband with AT&T, Rakuten, Verizon, Vodafone
🔹 Planning broadband activations across U.S., Europe, Japan using premium low-band spectrum
Technology & Network Highlights
🔸 Completed two-way broadband video calls using unmodified smartphones in U.S., Europe, and Japan
🔸 Block 1 satellites: 693 sq ft; 10x BW3 capacity
🔸 Block 2 satellites: 2,400 sq ft; 100x BW3 capacity
Strategic & Operational Developments
🔸 Announced multi-provider satellite launch plan with five launches scheduled over 6–9 months
🔸 Manufacturing ramp: targeting 6 satellites/month cadence in 2025; phased array cadence to be met by Q3
🔸 On track with manufacturing of 40 Block 2 BlueBird satellites, procuring for over 50 total
🔸 Initiated gateway equipment bookings of $13.6M in Q1, expected ~$10M per quarter in 2025
🔸 Signed new DIU contract (up to $20M) for U.S. Government support via a prime contractor
Other Metrics:
🔹 Cash Position: $874.5M as of March 31, 2025 (vs. $567.5M as of Dec 31, 2024)
🔹 Adjusted Operating Expenses: $44.9M (vs. $40.8M in Q4 2024)
🔹 Capital Expenditures: $124.1M (vs. $86.0M in Q4 2024)
Regulatory & Spectrum Progress
🔸 Received FCC STA for Band 14 FirstNet testing (public safety broadband)
🔸 Established coordination agreement with U.S. National Science Foundation
🔸 Signed long-term access to 45 MHz of premium mid-band U.S. spectrum
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$ASTS Q1'25 Business Update:
Commercialization Outlook
🔹 Expects H2 2025 revenue opportunity of $50–75M from early network deployments
🔹 Continuing rollout of direct-to-device broadband with AT&T, Rakuten, Verizon, Vodafone
🔹 Planning broadband activations across U.S., Europe, Japan using premium low-band spectrum
Technology & Network Highlights
🔸 Completed two-way broadband video calls using unmodified smartphones in U.S., Europe, and Japan
🔸 Block 1 satellites: 693 sq ft; 10x BW3 capacity
🔸 Block 2 satellites: 2,400 sq ft; 100x BW3 capacity
Strategic & Operational Developments
🔸 Announced multi-provider satellite launch plan with five launches scheduled over 6–9 months
🔸 Manufacturing ramp: targeting 6 satellites/month cadence in 2025; phased array cadence to be met by Q3
🔸 On track with manufacturing of 40 Block 2 BlueBird satellites, procuring for over 50 total
🔸 Initiated gateway equipment bookings of $13.6M in Q1, expected ~$10M per quarter in 2025
🔸 Signed new DIU contract (up to $20M) for U.S. Government support via a prime contractor
Other Metrics:
🔹 Cash Position: $874.5M as of March 31, 2025 (vs. $567.5M as of Dec 31, 2024)
🔹 Adjusted Operating Expenses: $44.9M (vs. $40.8M in Q4 2024)
🔹 Capital Expenditures: $124.1M (vs. $86.0M in Q4 2024)
Regulatory & Spectrum Progress
🔸 Received FCC STA for Band 14 FirstNet testing (public safety broadband)
🔸 Established coordination agreement with U.S. National Science Foundation
🔸 Signed long-term access to 45 MHz of premium mid-band U.S. spectrum
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The All-In Podcast
Chamath: USA Needs to Increase the Appetite for Risk Capital, or Face Stagnation 🇺🇸📈
@chamath laid out how the US can jumpstart a declining private investment landscape:
-- de-regulation ✂️
-- encouraging competition 👊
-- incentivizing exits 💰
"It's hard to make money. It's just so hard."
"And if you view making money as some derogatory thing and you put a bunch of impediments in the way, the downstream impact is: interesting ways to make money will be out of fashion, and simple ways of making money will be the only things that people do."
"The problem is that society doesn't move forward if all you do are simple things."
"You need people who are willing to put risk capital to buy these lottery tickets."
"And if you marginalize the upside, you're just gonna have exactly that: a stagnant society of marginal things that doesn't move along."
"If you look, for example, in the last five year period in China or Canada, two totally different political regimes, but they both had the same thing happen."
"Which is, the amount of investment capital that went into both of those countries fell off of a cliff for two totally separate reasons."
"And you can look historically back, and we know what this looks like, which is countries stagnate in the absence of investment and risk capital."
"Not to slag Europe, but part of what Europe got wrong was that compact didn't exist."
"Too many administrators, too many hall monitors, not enough ability to put risk capital to work and actually get gigantic outcomes."
"The most important thing we can do on that dimension is to figure out how to have less regulation, have these companies fight it out, and create the incentives for these smaller businesses to be bought and or to go public."
"And unless people fundamentally embrace that idea, we're gonna lose."
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Chamath: USA Needs to Increase the Appetite for Risk Capital, or Face Stagnation 🇺🇸📈
@chamath laid out how the US can jumpstart a declining private investment landscape:
-- de-regulation ✂️
-- encouraging competition 👊
-- incentivizing exits 💰
"It's hard to make money. It's just so hard."
"And if you view making money as some derogatory thing and you put a bunch of impediments in the way, the downstream impact is: interesting ways to make money will be out of fashion, and simple ways of making money will be the only things that people do."
"The problem is that society doesn't move forward if all you do are simple things."
"You need people who are willing to put risk capital to buy these lottery tickets."
"And if you marginalize the upside, you're just gonna have exactly that: a stagnant society of marginal things that doesn't move along."
"If you look, for example, in the last five year period in China or Canada, two totally different political regimes, but they both had the same thing happen."
"Which is, the amount of investment capital that went into both of those countries fell off of a cliff for two totally separate reasons."
"And you can look historically back, and we know what this looks like, which is countries stagnate in the absence of investment and risk capital."
"Not to slag Europe, but part of what Europe got wrong was that compact didn't exist."
"Too many administrators, too many hall monitors, not enough ability to put risk capital to work and actually get gigantic outcomes."
"The most important thing we can do on that dimension is to figure out how to have less regulation, have these companies fight it out, and create the incentives for these smaller businesses to be bought and or to go public."
"And unless people fundamentally embrace that idea, we're gonna lose."
tweet