Bluebird Bio

$Meta Platforms(META.US) announced on its website a strategic partnership with BlackRock to invest in a data center campus. The two will form a JV to own the El Paso data center.

To be clear, this is not a brand-new build; it is one of Meta’s five in-house data centers planned years ago, located in El Paso, TX, with 1GW of capacity. It is slated to go live in 2028. So the news marks incremental progress within the existing campus plan.

The campus is expected to cost $14bn in total (land, buildings, grid, cooling systems, etc.). BlackRock will shoulder ~80% of the funding, and Meta ~20%. The setup closely mirrors the Meta–Blue Owl structure announced last year; see Dolphin Research’s schematic.

Overall, this structure reduces Meta’s visible on-balance-sheet burden while financing what is essentially a 1P, in-house data center. Yesterday, in our capex take on $Alphabet - C(GOOG.US), we also highlighted its off-balance-sheet approach to scaling compute capacity.

This has become a common Big Tech playbook to meet infra needs without spooking the market. We should incorporate these off-balance-sheet obligations into risk assessments. That said, this works mainly for giants with strong core businesses which, beyond providing guarantees, are effectively monetizing their high-quality credit.

Is the STI bull sustainable, or are you buying records? The quality case is real: Singapore banks are well capitalised, pay strong dividends, and benefit from a resilient economy with PMI in expansion. That is a foundation, not a bubble.

The caution is valuation and breadth. After a strong run, the banks trade well above their decade averages, and an index carried by a handful of names is more exposed if sentiment turns. For me this is a hold for the dividends and the quality, not a chase at the highs. I would rather add SG blue chips on pullbacks than pay up for a record.

$AST SpaceMobile(ASTS.US) | William Blair 𝐫𝐞𝐢𝐭𝐞𝐫𝐚𝐭𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐞𝐫𝐟𝐨𝐫𝐦 on 𝐀𝐒𝐓 𝐒𝐩𝐚𝐜𝐞𝐌𝐨𝐛𝐢le, flags 𝐍𝐞𝐰 𝐆𝐥𝐞𝐧𝐧 rocket explosion as a '𝐬𝐞𝐭𝐛𝐚𝐜𝐤'

joined space mob at $86 a few weeks ago and happy I joined but people gave @spacanpanman way too much hate because the stock fell from $85 to $60

Source: amit

$AST SpaceMobile(ASTS.US) | AST SpaceMobile (ASTS) Q1 2026 Earnings Call Summary

Based on the data from the LB Longbridge CLI, an analytical model was built, using $AST SpaceMobile(ASTS.US) for experimentation, as follows:

The lbrsa $AST SpaceMobile(ASTS.US) run is complete, and the V2 engine has output a comprehensive deep research report.

The core findings are as follows:

🛰️ $AST SpaceMobile(ASTS.US) V2 Core Insights (After BlueBird 7 Launch Failure)

• Signal Score: 3/10 (Significantly Bearish)

• Conviction: MEDIUM

• Executive Summary: The BlueBird 7 satellite was completely destroyed in the Blue Origin launch failure, directly delaying the commercialization timeline and the schedule for recurring revenue. This is compounded by a technical breakdown below all short-term moving averages (MA5/10/20). Although the company's Q4 operating cash flow turned positive ($65.0M) and it has $2.34B in liquidity on its balance sheet as a buffer, the extreme 17x P/B premium makes it highly vulnerable to severe impacts from execution delays and capital burn.

• Current Thesis: Tactically bearish/neutral. Remain so until the $76.70-$78.00 support zone stabilizes and management publicly confirms insurance claims and a well-funded alternative launch schedule. Validation condition is a daily close above $89.12 (MA20); otherwise, a high-volume break below $76.71 (lower Bollinger Band) will trigger a structural downgrade.

• Bear Case: Completely shattered the "perfect execution" expectation that the high valuation relied on. MACD shows a death cross and RSI has not yet reached oversold levels (46.43), leaving room for further downside. Institutional and retail sentiment have formed a highly aligned and resonant sell-off in the wake of the negative event.

• Core Unknowns: The exact insurance coverage amount and claims settlement timeline for the total satellite loss; the updated schedule for alternative launch vehicles (e.g., switching to SpaceX/ULA).

The V2 engine has fully taken over the reasoning layer, and the integrated deduction of fundamentals and news flow is very well executed.

🦎 IGGY MORNING BRIEF — 01 Apr 2026

🌏 OVERNIGHT SCORECARD: Wall Street shot higher as the Dow jumped roughly 1,000 points, or about 2.2%, with S&P 500 and Nasdaq also up sharply on hopes of a Middle East peace plan and easing geopolitical tension. STI is opening higher regionally, tracking the risk‑on mood.

⚡️ WHAT'S DRIVING IT

1. Talks of a peace plan in the Middle East have lifted sentiment and eased oil‑price fears, which had been pressuring inflation and bond yields over recent weeks.

2. The big Dow surge is heavily weighted to mega‑cap tech and banks, so the move is more about positioning and headlines than a broad‑based balance‑sheet upgrade across the market.

🇸🇬 WHAT THIS MEANS FOR SGX TODAY

⚠️ REITs + high‑yield names: If peace talks hold and oil steps back, bond yields may soften, which can be supportive for REITs — but only those with gearing under 35% and ICR above 4x truly qualify as Sanctuaries.

✅ Local banks + quality blue‑chips: DBS, UOB, OCBC and other STI leaders can benefit from lower risk‑off pressure and a steadier macro backdrop, assuming the peace‑deal narrative doesn’t collapse mid‑week.