Just three trading days after its IPO, SpaceX saw its valuation surge by $1 trillion, reaching $2.6 trillion and briefly surpassing Amazon. Key drivers included its acquisition of AI firm Cursor and the launch of options trading, though concerns remain over massive losses and the true state of its AI ventures.
SpaceX conducted its largest-ever IPO, offering 555.6 million shares at $135 each, raising $75 billion. The first-day closing price was $160.95, a 19% gain, bringing the market cap to approximately 9 trillion yen.
OpenAI is considering significant token price cuts amid intensifying competition with Anthropic. Both companies have filed for IPOs, and the race for users is expected to heat up.
Chinese foundry Yuexin Semiconductor files for IPO. Rapid sales growth but accumulated losses exceed 10 billion yuan; gross margin of main business is negative. High R&D costs fail to monetize, posing profitability challenges.
Chinese auto parts maker Jiefeng Power applies for an IPO on the Beijing Stock Exchange. With 70% of sales reliant on its largest shareholder and customer, Chery Automobile, questions arise about its business independence. Amid high debt and liquidity shortages, the company’s large dividends highlight governance risks.
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