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BIZARRE: 13 - You Need To See This

Business Brief (June 11): China’s Auto Exports Extend Surge on NEV Boom

Chinese mainland residents pay about 13 billion yuan in back taxes on overseas income, optical module giant Eoptolink eyes Hong Kong IPO

Caixin Global

T-minus 24 hours: On the eve of SpaceX IPO liftoff some Wall Street analysts say the stock is worth only half of Elon Musk’s price

Everything you need to know before you reach the office this morning.

Fortune

Kevin O'Leary Says Choosing Between SpaceX, OpenAI, and Anthropic Is a Mistake — Here's Why

Kevin O'Leary advises investors to diversify by buying SpaceX, OpenAI, and Anthropic at their IPOs, treating them like an index. Here's why the 'Shark Tank' star recommends this strategy for AI giants.

International Business Times UK

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Wall Street buckles up for SpaceX liftoff

NEW YORK - As SpaceX prepares for its record-breaking $75 billion market debut with great fanfare, Wall Street traders, brokers and exchanges are working nonstop to make sure their trading systems can handle the blockbuster IPO and avoid ‌the chaos that marred other highly anticipated launches.

Bangkok Post

A mariner put 10% of her paycheck into SpaceX for 2 years, and as it goes public, she is not telling her net worth

Maryellyn Musselman, a former SpaceX mariner, is holding onto her company shares ahead of its highly anticipated IPO. She invested 10% of her paycheck and received equity grants, a decision that could fund her future repair business. While analysts debate SpaceX's valuation, Musselman's early investment positions her favorably, with her…

The Economic Times

Anthropic vs OpenAI: Behind the bitter battle for the future of AI

The fierce competition between Anthropic and OpenAI is accelerating AI advancements and driving a race towards blockbuster IPOs. This rivalry is shaping investor perceptions and establishing key leaders in the AI space. The companies are also clashing over financial reporting methods, with OpenAI questioning Anthropic's revenue recognition.

The Economic Times

Elon Musk wants to put 1 million AI satellites in space. Here's how SpaceX could do it

SpaceX CEO Elon Musk outlined more details for his company’s planned data centers in space ahead of a widely anticipated IPO on Friday (June 12) expected to make him a trillionaire.

Space

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Good news for Indian mutual fund investors: SpaceX could join Nasdaq 100 after 15 trading days

SpaceX’s expected entry into the Nasdaq-100 could give Indian investors indirect exposure through Nasdaq-linked mutual funds. Jefferies says recent rule changes may allow faster index inclusion, potentially triggering passive fund buying. India currently has five Nasdaq-100 index schemes, though overseas investment limits have restricted fresh inflows into several global fund…

The Economic Times

He loaned Elon Musk $1 million in a crisis; now SpaceX could make him one of the world’s richest people

Antonio Gracias, a close friend and early investor in Elon Musk's ventures, is poised for a massive payday as SpaceX prepares for its IPO. Gracias's firm, Valor Equity Partners, holds a significant stake in SpaceX, valued at approximately $65 billion, reflecting over two decades of unwavering support and hands-on involvement,…

The Economic Times

SpaceX's blockbuster IPO could turn more than 4,000 employees into millionaires. Here’s how

SpaceX is poised for a historic IPO, potentially raising $75 billion and valuing the company at $1.75 trillion. Extraordinary investor demand signals strong interest, with thousands of employees set to become millionaires through stock options, reflecting a broad-based culture of ownership within the company.

The Economic Times

Explained: How SpaceX’s $75 billion IPO could create opportunity for Inox India shareholders

As Elon Musk's SpaceX heads for a blockbuster IPO, investors are turning their attention to INOX India, a cryogenic technology specialist with growing exposure to the global aerospace industry. The company's recent US aerospace order and strong financial performance have fuelled optimism, sending its shares sharply higher

The Economic Times

SpaceX's record IPO has Wall Street torn between a Musk 'holy grail' and a $72-per-share leap of faith

Analysts disagree on whether SpaceX is worth what Musk is asking.

Fortune

From welder to wealthy: SpaceX IPO could make thousands of employees millionaires

The stock market debut of Elon Musk's AI and space company could make thousands of SpaceX employees significantly wealthier, including some of the firm's lowest-paid staff.

Euronews

SpaceX IPO: Why Wall Street biggies Chris Wood, others are not impressed with $1.8 trillion listing

Despite significant investor interest, Wall Street experts like Chris Wood and Aswath Damodaran express skepticism over SpaceX's $1.8 trillion IPO valuation. Concerns center on AI hype, overly optimistic market size assumptions, and potential market structure advantages that could artificially inflate demand post-listing.

The Economic Times

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The Economic Times

SpaceX’s IPO success may rub off on Ambani

Investor interest in major tech offerings remains strong. Mukesh Ambani's Jio Platforms is preparing for a significant IPO in India. However, historical data indicates that large IPOs can signal market peaks. Concerns exist about liquidity draining from secondary markets. This could impact the success of upcoming Indian listings. Careful consideration…

The Economic Times

Vahh Chemicals shares list at 17% premium over IPO price on BSE SME platform

Vahh Chemicals Listing: Vahh Chemicals debuted on the BSE SME platform with a nearly 17% premium, listing at Rs 70 against its IPO price of Rs 60. The Rs 13.45 crore IPO, fully subscribed 11.08 times, was driven by strong retail investor demand. The company manufactures textile auxiliary chemicals and…

The Economic Times

OpenAI considers drastic price cuts, anticipating war for users with Anthropic: Report

The ChatGPT-maker confidentially filed for an IPO earlier this week after archrival Anthropic did the same last week. OpenAI CEO Sam Altman had earlier identified rising costs as a huge problem.

The Economic Times

UHM Vacation shares list at 25% discount to IPO price on BSE SME platform

UHM Vacation Listing: UHM Vacation shares debuted on the BSE SME platform at a significant 25% discount to its IPO price, listing at Rs 132.80. The travel services aggregator's Rs 36.02 crore IPO saw modest investor demand, with retail investors showing the most interest. The company plans to use the…

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The Economic Times

Susan Electricals IPO opens for subscription today. Check GMP, price band and other details

Susan Electricals IPO: The ₹70.38-crore IPO of Susan Electricals India opens for subscription on June 11 and closes on June 15. The issue comprises a fresh issue of 47.42 lakh shares worth ₹60.22 crore and an OFS of 8 lakh shares worth ₹10.16 crore.

Bangkok Post

SpaceX on cusp of record IPO that could make Musk a trillionaire

NEW YORK - SpaceX enters the final stretch Thursday before its expected trading on Wall Street as part of the biggest initial public offering in history, which could propel co-founder Elon Musk to trillionaire status.

France 24

Wall Street counts down to SpaceX IPO

Wall Street is counting down to what could be the biggest market debut in history, with SpaceX preparing to go public. The IPO is expected to value the company at $1.75 trillion and make founder Elon Musk the world's first trillionaire. Also, US inflation has surged to its highest level…

Barchart

SpaceX IPO Demand Is Huge. That May Be The Warning.

A great company does not always make a great entry point, and SpaceX may be the ultimate test of whether investors are buying edge or just access.

The Economic Times

Gulf countries act as propellants for SpaceX IPO as billions flow in

Saudi Arabia's Public Investment Fund and Kuwait Investment Authority have each placed orders for shares worth $1 billion to $5 billion, the people said, asking not to be identified discussing confidential information. The $580 billion Qatar Investment Authority is also likely to make a significant commitment, the people said.

MarketBeat

The Biggest Opportunity From SpaceX’s IPO May Surprise You

Massive institutional demand for the upcoming SpaceX stock launch is creating a powerful downstream capital rotation into publicly traded space companies.

The Economic Times

ADIA to sell 2.3% Lenskart stake in Rs 1,944 crore block deal

Abu Dhabi Investment Authority is set to divest a 2.3% stake in Lenskart for approximately Rs 1,944 crore via a block deal. This follows SoftBank's recent Rs 2,873 crore share sale. Despite the sale, ADIA will retain significant holdings, indicating substantial paper gains on its 2023 investment. The move comes…

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