Pessimism Spreads Ahead of SpaceX IPO, Corresponding Valuation Continues to Decline, Reaching $1.83 Trillion
June 9 – Market data confirms SpaceX is set to hold its IPO this Friday. While early optimism surrounded the offering, notable bearish sentiment has taken firm hold in recent sessions. In pre-market trading, the firm hit a peak valuation of over $2.2 trillion, but its shares (traded on the Trade.xyz Pre-IPO platform under ticker SPCX) have slumped, dropping below the $2 trillion threshold for the first time to stand at $1.83 trillion as of now. That translates to roughly $154 per share, a small premium over SpaceX’s IPO price of $135 per share.
Steve Eisman, a prominent figure featured in *The Big Short*, has voiced caution about SpaceX’s upcoming IPO. The company’s capital expenditure has surged rapidly: capex as a share of revenue climbed from 42% in FY 2023 to 215% in Q1 2026. Additionally, SpaceX lacks clear differentiation in AI large-scale models and intelligent products, with industry competition growing increasingly homogeneous—making it hard for the firm to build a sustainabl
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XAUE Launches Gold Gift Card, Bringing Digital Gold to Corporate Gifting and Everyday Spending
June 9 – Today marks the launch of the first enterprise-level consumer application product built on XAUE: the XAUE Gold Gift Card. Built on Tether Gold (XAU?) and its yield-bearing layer, XAUE (XAU-Earn), the product overcomes key drawbacks of physical gold—such as inconvenient storage and high transaction costs—while offering two standout perks: interest earnings and the ability to redeem for physical gold.
Per details, holders of XAUE earn an estimated annualized return of 1.5% to 3% during the holding period before converting to physical gold. The redemption service for XAU? and XAUE-backed physical gold is scheduled to launch in July 2026.
Targeted at use cases including corporate gifting, employee benefits, user growth campaigns, and brand events, the product delivers a customizable, interest-bearing, and gold-redeemable digital experience. It aims to drive the adoption of tokenized gold into real-world business and daily life. Starting today, visit the official website to explo
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Huobi HTX Sees Second-Highest Global CEX Net Inflow in the Last 24 Hours
June 9: Per CoinMarketCap data, Huobi HTX recorded a net fund inflow of over $26 million in the last 24 hours, ranking second among all global centralized exchanges (CEXs).
Industry insiders point out that net capital inflows are a critical metric for measuring exchange user activity and overall market participation levels. Against today’s market backdrop, the steady stream of funds flowing into top-tier exchanges signals that some users are repositioning their assets and adjusting their trading strategies. Data perspective shows Huobi HTX has recently drawn growing attention from investors’ funds, marking early signs of recovering market confidence in the platform.
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On the eve of the US CPI release, a Hyperliquid whale shorted $110 million on the S&P 500.
June 9th, per Hyperinsight Monitoring, the U.S. May CPI data will be released tomorrow at 8:30 PM Beijing time. Following last week’s surprisingly strong non-farm payrolls report, this CPI release will further confirm whether inflation is picking up, which will impact market expectations for interest rate cuts. Since last Friday, while there has been a slight rebound after a pullback, the S&P 500 remains roughly 1.54% below its recent peak.
On the eve of the data release, a major whale on Hyperliquid opened a 15,000x leveraged short position on the S&P 500, with a position size of approximately $1.115 billion. The entry price stands at $7,417, and the liquidation price is $8,294.9, making this currently the largest S&P 500 short position on the platform.
Address: 0x97f8219e401f07752a60ddb0a75efda96d1389d9
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Hong Kong Stock Market to Welcome "Universal Decision-Making Model Leader," Megvii Technology, for an HKEX Listing Hearing
Per monitoring from Sensing Engine, the Hong Kong Exchanges and Clearing Limited (HKEX) website indicates that Zhongke Wenge has cleared its initial listing hearing, bringing the so-called “First Stock of General Decision-Making Large Model” to the Hong Kong stock market, with China International Capital Corporation (CICC) as the exclusive sponsor.
Founded in 2017, Zhongke Wenge was co-established by three researchers from the Institute of Automation at the Chinese Academy of Sciences: Dr. Wang Lei, Dr. Luo Yin, and Dr. Zeng Dajun. The firm focuses on artificial intelligence (AI) decision-making, developing both a general-purpose large model and a scientific foundational large model. In the AI for Science (AI4S) sector, it is one of the key contributors to the Chinese Academy of Sciences’ ScienceOne scientific foundational large model.
The company recently launched the Decitron Decision Engine for complex open scenarios, which is reportedly the world’s first universal decision-making
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