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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.
15:26
Focusing on economic transformation, UAE oil giant invests in $55 billion projects
The company said in a statement that the above-mentioned funds will support its previously approved five-year capital expenditure plan, driving the entire industry chain into a new phase of large-scale project execution. This will meet the growing global energy demand while enhancing the manufacturing capacity and industrial resilience of the UAE.
15:10
US Treasury Secretary: Iran has achieved little in its attempts to collect ship passage fees; oil prices are expected to drop significantly after the war
BlockBeats news, on May 3, US Treasury Secretary Bensent stated that oil prices should drop significantly after the war. The futures market predicts a decline in oil prices. Not surprised by more ships passing through the Strait of Hormuz. Iran has had little success in attempting to impose transit fees on ships. US energy exports are currently at record levels; the only factor limiting US energy exports is infrastructure. The US is the "big winner" in the energy market.
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