News

Jinse Finance reported that, according to sources, SpaceX executives are initiating the process of selecting Wall Street banks to advise on its initial public offering (IPO). The sources said that investment banks are scheduled to make preliminary presentations next week, marking the most concrete step yet for the rocket manufacturer toward what could be a blockbuster IPO. Last Friday, SpaceX informed employees that the company is preparing for a possible public offering next year. Earlier this month, The Wall Street Journal reported that SpaceX is also seeking a secondary stock sale, which would value the company at about 800 billions USD, up from 400 billions USD this summer. (Golden Ten Data)

Jinse Finance reported that Negentropic, co-founder of Glassnode, stated that the Bank of Japan's interest rate hike trade is currently the most crowded trade in the market. Many accounts on social platform X are circulating similar information. The 25 basis point rate hike has long been reflected in current asset prices. The only scenario that could trigger a negative market reaction would be if the Bank of Japan issues a hawkish forward guidance. Given that Japan is cautiously seeking a balance among current account deficits, inflation, and yen appreciation, it has no intention of acting rashly. The Bank of Japan's subsequent policy decisions will be based on economic data and will follow the model of the US Federal Open Market Committee, treating each rate-setting meeting with caution.