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BlockBeats News, June 1st, according to Fortune analysis, if Musk pushes for a SpaceX and Tesla merger, the new company's valuation could reach around $34 trillion, with SpaceX valued at approximately $17.5 trillion and Tesla at about $16.5 trillion. This would become the largest M&A deal in history, nearly three times the size of the current largest deal. However, the financial rationale of this deal is being questioned. The analysis suggests that SpaceX would need to issue new shares equivalent to about 94% of its current shares to complete the acquisition. Additionally, Tesla's profitability has significantly declined in recent years, with its GAAP net income dropping from $15 billion in 2023 to around $3.9 billion, and its core operating profit, excluding regulatory credits and Bitcoin gains, is only about $2.3 billion. The report suggests that this move is more like using the market's high valuation expectations for a SpaceX IPO to support Tesla, rather than being a merger driven by traditional financial metrics.

BlockBeats news, on June 1, Citi's latest report shows that the bank has turned bullish on copper prices for the first time since 2026, expecting copper prices to rise to $14,500 per ton in the next month and to further increase to $15,000 per ton over the next 12 months, which still leaves more than 10% upside from the current LME three-month copper price. Citi believes that the US refined copper tariff policy remains uncertain, and combined with expectations for the Strait of Hormuz to return to normal navigation, will provide support for copper prices. The bank expects the US government may continue to maintain a “strategic ambiguity” in tariff policy to encourage companies to keep high inventory levels. Meanwhile, Goldman Sachs has also raised its copper price forecasts, increasing the target price for the end of 2026 from $12,465 per ton to $13,735 per ton. Citi pointed out that the construction of AI data centers, power grid expansion, electric vehicles, and the development of the new energy industry are continuously driving copper demand. The report believes that artificial intelligence infrastructure, electrification transformation, and energy system upgrades will be key drivers for future growth in copper demand. However, Citi also warns that continued deterioration in the Middle East situation, slowing global economic growth, and fluctuations in inventory and demand may still pose downside risks for copper prices.

BlockBeats News, June 1st, Citigroup's latest report shows that the bank has turned bullish on copper prices for the first time since 2026, expecting the price of copper to rise to $14,500 per ton in the next month and further increase to $15,000 per ton in the next 12 months, representing over 10% upside from the current LME three-month copper price. Citigroup believes that the uncertainty surrounding the U.S. refined copper tariff policy, coupled with expectations for the resumption of normal navigation in the Hormuz Strait, will support copper prices. The bank expects the U.S. government to maintain a "strategically ambiguous" tariff policy to encourage companies to maintain high inventory levels. Meanwhile, Goldman Sachs has also simultaneously raised its copper price forecast, increasing its year-end 2026 target price from $12,465 per ton to $13,735 per ton. Citigroup points out that the construction of AI data centers, grid expansion, the development of electric vehicles, and the new energy industry are continuing to drive copper demand. The report believes that AI infrastructure, electrification transformation, and energy system upgrades will be key drivers of future copper demand growth. However, Citigroup also warns that factors such as the ongoing deterioration of the situation in the Middle East, slowing global economic growth, inventory and demand fluctuations, etc., may still pose downside risks to copper prices.