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16:08
Key financial data and events to watch today: Monday, May 4, 2026
① 15:50 (UTC+8) France April Manufacturing PMI Final Value
15:34
With the SpaceX IPO approaching, capital is being reallocated, and Wall Street may sell off technology stocks worth billions of dollars to subscribe.
Jinse Finance reported, according to disclosures by The Information, that SpaceX is about to launch a large-scale initial public offering (IPO), drawing intensive attention from major Wall Street funds. The report states that about a week ago, a private jet bearing the SpaceX logo carried nearly 200 investors from large Wall Street funds to Texas to attend a multi-day roadshow hosted by SpaceX executives. Due to overwhelming subscription demand, the jet was unable to accommodate all interested investors. As this company, comprising Elon Musk's rocket and AI businesses, approaches its IPO, Wall Street may be discussing which tech stocks to sell in order to free up capital to subscribe to SpaceX shares, potentially triggering tech stock sell-offs on the scale of several billion dollars.
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