On Quantinuum's first day of trading, the pre-market opening price is displayed at $70, higher than the $60 IPO price.

June 5: A Financial Times piece highlighted that the most notable aspect of SpaceX’s upcoming IPO is how difficult it is for outside onlookers to predict the company’s trajectory over the next 10, five, or even two years—and this uncertainty may be exactly what Musk aims to project. On Wednesday, SpaceX confirmed it is targeting a $1.78 trillion valuation, which would make it the seventh-largest company globally by market capitalization. Still, the path to justifying this valuation remains murky. Back in February, Musk merged SpaceX with xAI, elevating AI to the firm’s core focus: xAI made up over three-quarters of first-quarter capital expenditures, and 93% of its prospectus’ addressable market is tied to AI, a shift from SpaceX’s original mission of making humanity a multiplanetary species. Musk has long followed a pattern of repackaging his businesses’ narratives to align with market preferences: SolarCity was absorbed into Tesla and rebranded as an alternative energy group, while T

June 4: Amid the ongoing AI investment frenzy, the so-called "New Stock God" Serenity has become a highly sought-after figure across the internet. Their subscriber count on the X platform has exceeded 47,000 users, surpassing that of Elon Musk’s relevant summit events. BlockBeats Note: Serenity is a prominent trader on WallStreetBets (WSB), a popular Reddit forum. All their core research findings are shared openly for free, with a research framework focusing on the key supporting elements of NVIDIA’s AI chip industry chain. By thoroughly examining the indispensable "screw-type" components in chip manufacturing and packaging processes, they accurately identify critical chokepoints in the supply chain. Based on these insights, they explore upstream targets with scarcity and bargaining power to conduct strategic positioning.

On June 4, monitoring from LookOnChain indicates that a dormant crypto wallet with the address 0x293a received 10,000 ETH one hour ago. The wallet sold the entire ETH holding at an average price of $1,772, resulting in 17.72 million USDC.

On June 4, data from Bitget indicated that after a choppy trading session, the three major U.S. stock indexes finished higher on net. The Dow Jones Industrial Average advanced 1.7%, the S&P 500 turned positive to notch a 0.2% gain, while the Nasdaq Composite declined 0.2%. Among leading tech giants, Google’s shares surged more than 3%, and Meta, Oracle, and Amazon all posted gains of over 2%.

On June 4, monitoring from Onchain Lens reveals a whale incurred a $2.047 million loss while liquidating its long HYPE position, and established a short position of 682 BTC with 40x leverage. The short position is currently facing an unrealized loss exceeding $680,000.

June 4 — Goldman Sachs projects stock market returns will likely cool after a sharp rebound, though the firm is maintaining an overweight position in equities over the next 12 months and advising investors to "buy the dip". Goldman strategist Christian Mueller-Glissmann notes the market is trading near its historical high, driven primarily by tech sector earnings and AI-related investments. That said, emerging risks — including elevated bond yields, high energy prices and overheated investor sentiment — raise the likelihood of a near-term pullback. Even with volatility on the rise, Goldman argues the macroeconomic backdrop remains supportive, citing ongoing corporate profit growth and continued AI-driven capital spending.