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03.06.26 - 15:48
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SpaceX Reportedly Targets $135 IPO Price As Morningstar Says Valuation Should Be Halved (ZeroHedge)
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SpaceX Reportedly Targets $135 IPO Price As Morningstar Says Valuation Should Be Halved
Last week, Elon Musk called Bloomberg's "SpaceX Said to Cut IPO Value" story "false," marking the latest clash between Musk and the MSM over coverage of his companies.
Reuters has released a new report, which, based on sources, says SpaceX is planning an IPO at a price of $135 per share, aiming to raise a record $75 billion by selling about 555.6 million shares at an estimated $1.75 trillion valuation.
SpaceX's roadshow is expected to begin Thursday, with a potential Nasdaq debut under the ticker SPCX on June 12. Goldman Sachs, Morgan Stanley, BofA, Citigroup, and JPMorgan are leading the deal.
Sources said the IPO is "structured as an all-primary offering," which means the proceeds will go to SpaceX rather than existing shareholders. Musk will reportedly be subject to a 366-day lock-up period.
At a $1.75 trillion valuation and projected 2025 booking revenue of $18.67 billio...
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03.06.26 - 12:42
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INTERVIEW: Japan Biz Looking Abroad amid Supply Chain Rewiring (Nippon)
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By Hiroki Shimoo Tokyo, June 3 (Jiji Press)--With global supply chains adjusting to changing geopolitics and the artificial intelligence boom, Japanese businesses will continue to seek investment opportunities abroad as they become more globally relevant due to their competitiveness, a senior official at U.S. financial giant Citigroup Inc. says. "There's a little bit of a reconfiguration ......
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28.05.26 - 08:00
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US banks charge ahead with American AI in Hong Kong despite geopolitical tensions (SCMP)
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Leading American banks are rolling out advanced artificial intelligence tools powered by US technology in their Hong Kong offices, charging ahead with adoption even as escalating geopolitical tensions threaten to shut the Chinese city out from top-tier software.
In a prime example of this push, Citigroup Hong Kong this month began trialing a new in-house AI agent platform called Arc, initially targeting local software developers and engineers, according to a source.
The bank has said that Arc......
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