Ginkgo Bioworks (NYSE:DNA) Q4 2025 Earnings call February 26, 2026 04:30 PM ET Company ParticipantsDaniel Marshall - Senior Manager of Communications and OwnershipJason Kelly - Co-Founder and CEOSteve Cohen - CFODaniel MarshallGood evening. I'm Daniel Marshall, Senior Manager of Communications and Ownership. I'm joined by Jason Kelly, our co-founder and CEO, and Steve Cohen, our CFO. Thanks as always for joining us. We're looking forward to updating you on our progress. As a reminder, during the presentatio ...

Ginkgo Bioworks (NYSE:DNA) Q4 2025 Earnings call February 26, 2026 04:30 PM ET Speaker0Good evening. I'm Daniel Marshall, Senior Manager of Communications and Ownership. I'm joined by Jason Kelly, our co-founder and CEO, and Steve Cohen, our CFO. Thanks as always for joining us. We're looking forward to updating you on our progress. As a reminder, during the presentation today, we will be making forward-looking statements which involve risks and uncertainties. Please refer to our filings with the SEC to lea ...

February 19, 2026 04:54 PM GMT Space | North America Varda Space: Space Manufacturing, Pharma Made in Orbit One day, your doctor's prescription may have been produced in the microgravity of space. The benefits of manufacturing complex compounds in space have been documented for decades, but never commercialized. Please note that we are reposting due to earlier technical issues with file size. Is the Space Economy about to get a pharmaceutical sector? Morgan Stanley does and seeks to do business with compani ...

Secondaries are an elephant-sized black box. The market is mammoth, expanding, and—here’s the kicker—we have no clue how big it really is. The secondaries market has exploded in recent years, driven by a simple problem: companies are staying private longer, exits have dried up, and investors need inventive ways to return cash to their LPs. New PitchBook data estimates that, in 2025, somewhere between $62.5 billion and $120.9 billion were traded in U.S. direct secondaries. Now, $58 billion-plus is a hel ...

Kratos Defense & Security Solutions (NasdaqGS:KTOS) Q4 2025 Earnings call February 23, 2026 05:00 PM ET Speaker15Good day, everyone, and welcome to Kratos Defense & Security Solutions' fourth quarter and fiscal year 2025 earnings conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question-and-answer session. To participate, you will need to press star 11 on your telephone. You will then hear a message advising your hand is raised. To ...

Fundraising Overview - Thrive Capital has raised $10 billion for its new fund, Thrive X, which is the largest fund the firm has ever raised and nearly double the size of its previous fund [2][3] - Of the total amount, $1 billion is allocated for early-stage investments, while the remaining funds are designated for growth-stage investments [2] Investment Strategy - The firm focuses on committing deeply to a small number of founders, emphasizing loyalty to the founders and missions they support [4] - Thrive Capital has a history of significant investments in high-profile companies such as OpenAI, Stripe, and SpaceX, which have seen substantial increases in value [3] Market Implications - The oversubscription of the latest fundraise indicates strong interest from investors, particularly in light of potential IPOs for companies like OpenAI and SpaceX, which could lead to significant capital returns for limited partners [3][5] - The firm has incubated 12 companies, with at least six achieving unicorn status, showcasing its successful track record in nurturing startups [3]

Core Insights - RMX Industries, Inc. positions its VAST™ video compression platform as essential for next-generation Counter-Unmanned Aircraft Systems (C-UAS) networks, addressing the U.S. military's urgent need for advanced drone detection and neutralization capabilities [1] - The Department of War has requested $3.1 billion for C-UAS projects in FY2026, highlighting the increasing investment in defense technologies to counter evolving drone threats [1] - VAST™ enhances bandwidth efficiency, allowing for the integration of multiple sensor types over constrained networks, which is critical for effective C-UAS operations [1] Industry Context - The U.S. military is accelerating the deployment of integrated sensor networks to protect forces and installations, with significant funding allocated for C-UAS initiatives [1] - Recent contracts, such as the Marine Corps' $642 million Installation C-UAS program, reflect the scale of investment in C-UAS technologies [1] - The Drone Dominance Program (DDP), a $1.1 billion initiative, aims to deploy low-cost unmanned attack drones, indicating a strategic shift towards both offensive and defensive drone capabilities [1] Technology Overview - VAST™ compresses and conditions video at the source, enabling high-fidelity streams to traverse bandwidth-constrained networks without degrading quality [1] - The platform is infrastructure agnostic, supporting various network types including HF, VHF, UHF, SATCOM, and terrestrial networks [1] - VAST™ reduces video data requirements by up to 50%, maintaining necessary image quality for threat classification, which is crucial for timely military responses [1]

Group 1: ByteDance and Chip Development - ByteDance's chip research team is starting large-scale recruitment in cities like Beijing, Shanghai, and Shenzhen, focusing on positions such as chip architecture and SoC design [1] - The team is currently centered on chip design, developing custom hardware for cloud scenarios using advanced semiconductor processes to enhance performance and reduce computing costs [1] - Multiple cloud chips have already entered mass production, with steady progress in research and deployment across various advanced process nodes [1] Group 2: GigaAI and GigaBrain-0.5M* - GigaAI has launched GigaBrain-0.5M*, a more powerful model following the success of GigaBrain-0.1, which won first place in RoboChallenge [2] - The new model utilizes a world model paradigm to redefine embodied intelligence capabilities, achieving error-free performance in real-world robotic tasks [2] Group 3: Wealth Changes Among Billionaires - Jensen Huang, CEO of NVIDIA, has fallen out of the top ten billionaires list, with a net worth of $151 billion, down over $3 billion this year [3][4] - Other tech billionaires, including Larry Page and Sergey Brin, have also seen significant wealth declines, with losses exceeding $5 billion each [4] - The Walton siblings have entered the top ten billionaires list, collectively holding a net worth of $465.8 billion [4] Group 4: Automotive Industry Developments - Beijing Benz is recalling 19,481 units of EQA and EQB vehicles due to safety concerns, with the recall set to begin on June 25, 2026 [6] - BYD and Geely are reportedly in the final bidding for a Nissan-Mercedes-Benz factory in Mexico, aiming to establish a manufacturing base in the country [6] - The Chinese electric vehicle market saw exports of over 302,000 units in January 2026, marking a 100% year-on-year increase [7] Group 5: AI and Technology Investments - Anduril, a U.S. defense tech startup, is negotiating a new funding round that could value the company at $60 billion, nearly doubling its previous valuation [6] - Various companies, including Wuji Power and Starfire Space, have completed significant funding rounds to advance their technology and product development [6] Group 6: Film Industry Performance - The film "Zootopia 2" has surpassed 4.545 billion yuan in box office revenue, ranking among the top seven in Chinese film history [7] - The Valentine's Day box office for 2026 has exceeded 100 million yuan, indicating strong consumer interest during the holiday season [7]

Group 1 - ByteDance's chip team is starting large-scale recruitment in cities like Beijing, Shanghai, and Shenzhen, focusing on chip architecture and SoC design to enhance performance and reduce computing costs [2][3] - The team has successfully completed multiple chip tape-outs and several projects have entered mass production, utilizing advanced semiconductor processes [2][3] Group 2 - GigaAI launched GigaBrain-0.5M*, a new generation model that enhances embodied intelligence capabilities, achieving stable performance in real-world tasks [3] - The model aims to redefine the capabilities of physical AI, moving from "can do" to "do well and do steadily" [3] Group 3 - The global billionaire rankings have shifted, with Nvidia's CEO Jensen Huang dropping out of the top ten, his wealth decreasing to $151 billion, a drop of over $3 billion this year [6][7] - Other tech billionaires, including Larry Ellison and Jeff Bezos, have also seen significant wealth reductions, while the Walton siblings have entered the top ten with a combined net worth of $465.8 billion [6][7] Group 4 - The car rental market has seen a surge in demand, particularly for new energy vehicles, with rental bookings increasing by 600% during the Spring Festival period [8] - The trend indicates a growing preference for smart and green vehicles among consumers [8] Group 5 - Keda Xunfei's president announced that the AI office product is expected to generate over 1 billion yuan in revenue by 2025, with significant overseas sales [8] - The company is focusing on enhancing its AI capabilities amid increasing competition in the global AI industry [8] Group 6 - OpenAI has officially retired the GPT-4o model, pushing users towards the more expensive GPT-5 model, which has led to dissatisfaction among users accustomed to the previous model's flexibility [8] - The transition aims to guide users towards more advanced capabilities while adjusting pricing strategies [8] Group 7 - Baidu's Kunlun Chip has submitted a confidential listing application to the Hong Kong Stock Exchange, with plans to prioritize existing shareholders for investment opportunities [8] - The company is expected to start investor roadshows after the Spring Festival, with a post-financing valuation of 21 billion yuan [8] Group 8 - The Chinese automotive industry reported a significant increase in new energy vehicle exports, with January 2026 exports reaching over 300,000 units, a year-on-year growth of 100% [13] - Domestic sales, however, saw a decline, indicating a shift in market dynamics [13]

Core Insights - The venture capital firm Anti Fund, co-founded by influencer boxer Jake Paul and entrepreneur Geoffrey Woo, has successfully raised $30 million in its initial fund [1] - Logan Paul, Jake Paul's brother, has officially joined as a general partner [1] - Anti Fund currently manages assets exceeding $65 million [1] Investment Strategy - The fund's investment portfolio includes notable companies such as OpenAI, Anduril, Polymarket, Ramp, and Physical Intelligence [1] - Anti Fund aims to leverage the Paul brothers' significant influence and "anti-traditional" philosophy to provide both capital and visibility to startups [1] - Limited partners (LPs) include prominent Silicon Valley investors like Marc Andreessen and Chris Dixon [1]