SpaceX is planning to set the terms of its initial public offering as early as Wednesday afternoon, according to people familiar with the matter. Separately, a report by Reuters said Elon Musk’s rocket launch, satellite and AI company aims to sell 555.6 million shares at $135 apiece for its record-breaking $75 billion listing. Bloomberg's Danny Lee has more. (Source: Bloomberg)
SpaceX is planning to set the terms of its initial public offering as early as Wednesday afternoon, according to people familiar with the matter. Separately, a report by Reuters said Elon Musk’s rocket launch, satellite and AI company aims to sell 555.6 million shares at $135 apiece for its record-breaking $75 billion listing. Bloomberg's Danny Lee has more. (Source: Bloomberg)
chachamal Asian equities rose on Wednesday, driven by strong gains in the technology sector and optimism about artificial intelligence. Japan’s Nikkei 225 hit a new record high, despite fresh military exchanges between the U.S. and Iran. Bitcoin's ( BTC-USD ) price fell to nearly $65,000 in early June, its lowest since March, pressured by Strategy’s Bitcoin sale and a broader shift in institutiona...
chachamal Asian equities rose on Wednesday, driven by strong gains in the technology sector and optimism about artificial intelligence. Japan’s Nikkei 225 hit a new record high, despite fresh military exchanges between the U.S. and Iran. Bitcoin's ( BTC-USD ) price fell to nearly $65,000 in early June, its lowest since March, pressured by Strategy’s Bitcoin sale and a broader shift in institutional capital toward artificial intelligence rather than digital assets. Gold prices held below $4,500 per ounce. WTI crude futures climbed toward $95 per barrel. The benchmark KOSPI market closed. South Korea's stock market has doubled this year, and strategists believe the AI-driven semiconductor rally will continue boosting corporate earnings. Goldman Sachs raised its target for the Kospi index to 12,000 on Wednesday, according to reports . Japan's ( NKY:IND ) rose 2.98% to approach the 68,000 mark, while the broader Topix Index climbed 1% to 3,963 . The Japanese yen weakened toward the 160-per-dollar mark. Japan’s S&P Global Services PMI was at 50.0 in May 2026, aligning with the preliminary estimate and marking its lowest level since March 2025. Market participants are now focused on remarks from BOJ Governor Kazuo Ueda, who is scheduled to speak later on Wednesday. China's ( SHCOMP ) rose 0.45% to 4,067, while the Shenzhen Component extended its previous-session advance, rising 1.3% to 15,797, and the offshore yuan weakened to 6.76 per dollar, retreating from a more than three-year high reached in the previous session. The People’s Bank of China (PBoC) announced on Wednesday that it conducted zero reverse repo operations, citing primary dealers' funding needs in its open market operations. A private survey showed China's Composite PMI rose to a three-month high of 54 in May, with the services PMI also reaching a three-month peak of 54.4. However, manufacturing activity lost momentum, with the PMI falling to 51.8 from April's five-year high of 52.2. Hong Kong ( HSI ) fell ...
My ‘niblings’ gave me a positive reason to return to the home town where I’d experienced homophobia as a boy. Over time, they transformed my sense of family and self When I found out I had become an uncle, I was 22 and on a year abroad as part of a languages degree, living in Madrid. I’d spent much of my time there having raucous fun on the city’s gay scene, dancing till the early hours then slopi...
My ‘niblings’ gave me a positive reason to return to the home town where I’d experienced homophobia as a boy. Over time, they transformed my sense of family and self When I found out I had become an uncle, I was 22 and on a year abroad as part of a languages degree, living in Madrid. I’d spent much of my time there having raucous fun on the city’s gay scene, dancing till the early hours then sloping off with Spanish men. It felt a long way from my family life back home in Bolton. As this was 1997 – a time before mobile phones – calls from landlines had to be rationed to once a week. But my mum phoned to tell me my sister had gone into labour and then, two days later, the phone rang again with the news that I had a nephew. It felt like an abstract concept, not quite real. Continue reading...
An administrator appointed to oversee the affairs of Hong Kong’s fire-ravaged Wang Fuk Court has said it will arrange an extraordinary general meeting at the request of displaced owners, but stopped short of providing a time frame. In a written statement on Wednesday, Hop On Management Company said it was studying the Lands Tribunal’s reasons for dismissing its application to extend the statutory ...
An administrator appointed to oversee the affairs of Hong Kong’s fire-ravaged Wang Fuk Court has said it will arrange an extraordinary general meeting at the request of displaced owners, but stopped short of providing a time frame. In a written statement on Wednesday, Hop On Management Company said it was studying the Lands Tribunal’s reasons for dismissing its application to extend the statutory deadlines for convening and holding the meeting. It did not indicate whether the company would lodge...
Apollo ( APO ) Tuesday announced that Apollo-managed funds completed the sale of their interest in Altemira Holdings Co, a pan-Asian aluminum packaging company, to funds managed by MBK Partners. Altemira was established in April 2022 through the combination of the aluminum can and foil business formerly operated by Showa Denko K.K. (now named Resonac Holdings Corporation) and the aluminum can and ...
Apollo ( APO ) Tuesday announced that Apollo-managed funds completed the sale of their interest in Altemira Holdings Co, a pan-Asian aluminum packaging company, to funds managed by MBK Partners. Altemira was established in April 2022 through the combination of the aluminum can and foil business formerly operated by Showa Denko K.K. (now named Resonac Holdings Corporation) and the aluminum can and rolled and extruded products business of Mitsubishi Materials Corporation. The transaction follows Apollo Funds’ successful exit of MAFTEC announced in June 2025. Apollo Funds’ private equity investments in Japan include Panasonic Automotive Systems and Nippon Sheet Glass (pending closing). More on Apollo Global Management Apollo Global Management, Inc. (APO) Presents at Bernstein 42nd Annual Strategic Decisions Conference Transcript Why We Believe Apollo Is Misunderstood Apollo Global Management, Inc. (APO) Q1 2026 Earnings Call Transcript The 10 least attractive large-cap financial stocks in the U.S Apollo, Blackstone shop $36B of debt for buying Google chips for Anthropic - report