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NASDAQ:KDK 25 September 2025

Soros and ARK Bet $2.5 Billion on Driverless Trucks – Inside Kodiak Robotics’ Bold Wall Street Debut

Soros and ARK Bet $2.5 Billion on Driverless Trucks – Inside Kodiak Robotics’ Bold Wall Street Debut

Kodiak Robotics will go public via a merger with Ares Acquisition Corp II, valuing the autonomous trucking firm at $2.5 billion and raising over $275 million in new funding. Kodiak’s driverless trucks, already hauling freight for Atlas Energy in Texas, have logged 2.6 million autonomous miles. The merged company, Kodiak AI, Inc., will trade on Nasdaq under “KDK” starting Sept. 25, 2025.
25 September 2025

Stock Market Today

  • Altus Group (TSX:AIF) Analysts Reset Price Targets Amid Buybacks and Guidance
    March 25, 2026, 9:06 PM EDT. Altus Group's stock (TSX:AIF) sees analyst price targets narrow to CA$50-CA$55, reflecting caution despite a steady fair value of CA$51.67 per share, based on valuation models. TD Securities maintains a Buy rating with a CA$55 target, signaling confidence. RBC Capital and CIBC provide more conservative views, rating the stock Sector Perform and Neutral, respectively. The company launched a significant CA$200 million issuer bid to repurchase shares between CA$42 and CA$52, with 2.86 million shares already bought for CA$162.77 million. Altus Group's 2026 guidance projects consolidated revenue of CA$123-125 million in Q1 and CA$516-526 million for the full year. These developments highlight a recalibration of expectations amid operational execution and market positioning.
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