After SpaceX, the Korean giant that surpassed Samsung prepares a mega stock market debut of US$ 29.4 billion SK Hynix, a key supplier to Nvidia, is looking to attract investors on Nasdaq after becoming the most valuable company in its country and gaining ground in the global race for AI chips.
SK Hynix, South Korea’s memory chip maker, announced it plans to raise up to US$ 29.4 billion through a stock offering in the United States. According to Reuters, the company, a key supplier to Nvidia, wants to take advantage of strong investor interest in stocks tied to artificial intelligence.
If completed at the indicated price, the deal would be the second-largest stock sale worldwide. It would only be behind SpaceX’s record initial public offering, which reached US$ 85.7 billion earlier this month, and it would also surpass Saudi Aramco’s US$ 25.6 billion listing in 2019, as well as Alibaba’s, which posted a similar figure in 2014.
The transaction would also come before the stock listings planned later this year for AI-focused companies such as Anthropic and OpenAI.
Jumping to Nasdaq and seeking U.S. investors By listing on Nasdaq, SK Hynix could be valued using the same criteria as Micron, its U.S. rival. For the Korean company, that would open the door to a more favorable valuation on Wall Street. Its presence in the U.S. market could also affect the shares it has listed in Korea.
SpaceX enters the indices with 16% gains since the IPO. Yesterday, it entered the Russell 1000 index, with major moves among asset managers.
Twelve trading sessions after its debut on the stock exchange, SpaceX is landing in Wall Street’s major indices. It debuted in the Russell 1000 yesterday, but the main event will come next July 7, when the company will be added to the Nasdaq 100 index of technology stocks.
Inclusion in the major indices is swift, and it comes after SpaceX has built up a 21.5% rise since it jumped onto the American stock exchange, reaching $164.
On June 11, the company raised $7.5 billion by placing 555.6 million shares at a price of $135 per share—an operation that valued the group at $1.77 trillion, with a tranche reserved for retail investors of 20%. It was the largest IPO in history, smashing the global record then held by oil company Saudi Aramco, which raised $26 billion in 2019.
The addition of the group led by Elon Musk to the Russell 1000 index has an immediate first impact: all ETFs and funds that track indices must buy shares of SpaceX in proportion to their weighting.
Although the effective inclusion in the Russell 1000 took place yesterday, the adjustments to the ETFs and index funds that follow the Russell index were carried out on June 26 in the afternoon. In other words, they rebalanced their portfolios to align with the new list of components. This means selling every stock that is removed and buying every stock that is added, simultaneously, in proportion to its weight in the index.
A process that, together with the imminent move to the Nasdaq 100, will—according to Bankinter analysts—cause an “increase in trading volatility.” The firm also notes that position rebalancings are executed quarterly.
CZ wants to turn the U.S. into the 'capital of cryptocurrencies': Crypto Snapshot Binance founder shared his views on a range of topics in an exclusive interview with CoinDesk earlier this month.
The founder of Binance, Changpeng Zhao, known to most as CZ, is conducting a series of interviews. He sat down with CoinDesk for a couple of interviews earlier this month, sharing his views on the crypto exchange he founded, the trajectory of cryptocurrencies in the U.S., and his activities after prison.
Changpeng CZ Zhao is an unmistakable figure in crypto circles. While he has kept a relatively low profile at least in the United States since serving four months in prison for violations of the Bank Secrecy Act in 2024, he has recently resumed his presence in the country.
Why it matters
Although CZ no longer runs the world’s largest cryptocurrency exchange, he remains an influential figure in the industry. He is still the majority shareholder in both Binance and Binance.US, invests in several other companies, and receives standing ovations when he appears at events.
Why a Massive Selloff of Gold and Silver Is Dragging Bitcoin Down Bitcoin has long been lumped together with precious metals as a hedge against a weakening dollar. That trade is unwinding in the face of an aggressive Fed, and bitcoin is falling along with the metals it was supposed to compete with.
Continued AI stock euphoria has drawn capital from across the market, from traditional metals—considered the safest assets—to cryptocurrencies—considered the riskiest.
Gold fell below $4,000 for the first time since November earlier this week, silver has lost more than half its value from its peak, and bitcoin has dropped to nearly $58,000.
The three selloffs are not a coincidence. For much of the past two years, they’ve largely been the same trade, and now the same forces are unwinding it.
That trade even has a name: the “devaluation” trade. It’s the bet that high public spending and rising national debt will slowly erode the value of fiat money, pushing investors toward scarce assets that no government can print more of.
Gold and silver are the oldest versions of that bet, while bitcoin—with a limited supply of 21 million coins—was promoted as the digital version. Until 2025, when the dollar seemed vulnerable, money flowed into all three, and they were treated as a single portfolio.
Due to the earthquakes in Venezuela, Starlink offers free satellite internet The benefit applies to active, canceled, and new customers in affected areas; damaged equipment also has free replacement.
Active customers do not need to do anything: the credit is applied automatically. The service will be free until July 25.
Due to the June 24 earthquakes in Venezuela, Starlink announced free satellite internet service until July 25 for its customers in the affected areas, including La Guaira, Caracas, and Yaracuy.
The company applied the credit automatically to those who already had the service active, and in that case users do not have to do anything. Those who had the service canceled also receive the credit and can reactivate it at no cost.
The U.S. bombed missile and radar sites in Iran for allegedly violating the ceasefire in the Strait of Hormuz Just two weeks ago, Washington and Tehran signed a memorandum of understanding that laid the groundwork for peace negotiations.
The U.S. forces bombarded Iranian missile and drone depots, as well as coastal radars, on Friday in response to an alleged Iranian attack on a cargo vessel in the Strait of Hormuz, the U.S. Army reported.
The unjustified aggression against commercial shipping by Iranian forces clearly violated the ceasefire, the U.S. Central Command said on X, describing the strikes against Iran as a strong response to yesterday’s (Thursday) attack on a commercial vessel traveling through the Strait of Hormuz.
Meanwhile, what Bitcoin reflects is weakness amid geopolitical tensions in the Middle East. The United States and Iran, however, large investors are taking advantage of the dip to buy.
What to expect from bitcoin in the second half of the year A little less than a week until the change of semester, the analysts consulted fully agree when it comes to anticipating the key catalysts for bitcoin in the second half of the year. These references determine the forecasts they make about the levels in which bitcoin could move over the last six months of the year.
Bitcoin’s price is going through a new setback. Over the past few trading sessions, it has pulled back until it nearly touches the $60,000 barrier, just one step away from this year’s recent lows. As the analysts consulted acknowledge, the current situation is complex.
Bitcoin comes into the second half of the year bruised, but not broken, says Jorge Schnura, CEO of Keyrock Asset & Wealth Management. Along similar lines, Jaime Muñoz, a crypto manager at Miralta AM, notes that "bitcoin enters the second half of the year with several fronts open. These current pressures lead Alberto Gordo, director of investments at Protein Capital, to admit that I have rarely seen bitcoin face such a demanding macro cross.
This widespread concern does not, however, close the door to optimism, with an investment horizon focused more on the medium term. Román González, a crypto manager at A&G, draws attention to the fact that the great paradox currently surrounding bitcoin is that its fundamentals keep improving while the price has been consolidating for months.
Precisely the improvement observed in bitcoin’s fundamentals leads analysts to look away, above all, at factors external to the crypto market itself. This is what Javier Pineda, a manager at Renta4, says when he points out that "in my view, the main driver of bitcoin’s price in the second half of the year will come more from the combination of macro factors and institutional flows than from any specific news from the crypto ecosystem The opinion. $BTC
A thousand ships valued at $125 billion are still stuck in Hormuz These are figures from an annual report by Allianz, calling for solid guarantees for safe passage Marine Traffic states that activity through the strait has tripled, but is still below normal levels.
The closure of the Hormuz Strait has left around 1,150 cargo vessels worth approximately $125 billion trapped in the Persian Gulf, waiting for maritime traffic to resume with the gradual reopening resulting from the agreement between the United States and Iran.
These figures come from Allianz Commercial's 2026 Security and Transport Report, which demands "solid guarantees for safe passage, with the involvement of the international community," to return to the pre-conflict flow initiated by U.S. and Israeli attacks.
It specifies that the closure has affected about 20,000 sailors, a number close to the 22,500 reported by the International Maritime Organization (IMO), which informed the day before of an evacuation plan for the 11,000 crew members still trapped there.
Typically, around 140 ships would transit daily through this strategic passage, exporting a fifth of global oil consumption, but also transporting tons of fertilizers and other products in trade to and from Asia.
Meanwhile, Bitcoin is below $62,345; the drop in Bitcoin and other cryptocurrencies is due to Factor 1: issues in the Middle East, Factor 2: the Federal Reserve's interest rates in the United States. However, many big players are accumulating because they know Bitcoin will bounce back.
SpaceX, Elon Musk's company, raised $25 billion through debt bond sales, but investors have some concerns. They were expecting to raise $20 billion, but have already received orders for nearly $90 billion. They paid a high premium compared to Treasury bonds, and the short end was the most in demand.
Elon Musk's aerospace and artificial intelligence (AI) company, SpaceX, has raised $25 billion through debt bond sales.
Various sources familiar with the matter told CNBC that the company expected to raise $20 billion but, as of this Tuesday, has already received orders for nearly $90 billion. In light of this situation, the tech firm increased the bond issuance by $5 billion.
The company - which holds investment-grade status - paid a relatively high premium compared to Treasury bonds to close the deal, according to sources familiar with the topic who spoke to Bloomberg.
Tranches and the highest demand were reportedly focused on the shortest maturity of the operation - and therefore, the least risky, according to Bloomberg.
This bias and the premium the company is paying are likely reflecting concerns about SpaceX's cash flow: the company is burning through cash at a rapid pace and, according to S&P Global Ratings, is likely to continue doing so until 2030, with a sharp increase in that spending rate expected next year.
SpaceX Why Its Stock is Plummeting 10% SpaceX shares are dropping nearly 10% following the strong rally that followed its historic IPO. Investors are starting to question the company's high valuation and are cashing out. Additionally, the acquisition of Cursor and the future release of more shares into the market add short-term pressure and uncertainty.
SpaceX shares (SPCX) are experiencing their worst day since their historic IPO. After becoming one of the most talked-about companies on Wall Street and leading an explosive rally post-debut, the stock is now facing a hefty correction of 10%, raising alarms among investors.
The movement is noteworthy as it comes just days after Elon Musk's company reached a valuation exceeding $2 trillion and placed itself among the most valuable companies in the world. However, what seemed like an unstoppable rise has transitioned into massive profit-taking.
The market is starting to question SpaceX's valuation The main explanation behind the drop is tied to the company's valuation. After going public at $135 per share, the stock surged past $225 within days, fueled by investor enthusiasm and a limited supply of shares available for trading.
Meanwhile, many investors are taking advantage of the dip and are buying SpaceX shares as the price moves.
SpaceX's IPO shakes up Wall Street: the domino effect that could boost Nvidia and the entire AI ecosystem SpaceX's IPO shakes up Wall Street: the domino effect that could boost Nvidia and the entire AI ecosystem
Space Exploration Technologies Corp. (NASDAQ:SPCX) raised $85 billion in its spectacular IPO earlier this month. While much of Wall Street's focus has been on the company's valuation, there's another crucial question for investors: where's all that cash gonna flow?
The answer could spark opportunities that extend far beyond SpaceX itself.
As SpaceX ramps up its launch business, expands the Starlink satellite network, and continues building AI infrastructure through its sister company xAI, the IPO revenue is likely to ripple across a broad ecosystem of suppliers spanning semiconductors, networking gear, aerospace materials, power systems, and data center infrastructure.
Strategy buys 520 Bitcoin while building a cash reserve of $1.4 billion. The company (formerly MicroStrategy) picked up 520 Bitcoin for roughly $35 million in the latest reporting period, while boosting its dedicated cash reserve by $300 million, hitting $1.4 billion.
The update, shared through official channels and the company's dashboard, highlights a careful approach to its Bitcoin treasury operations, prioritizing liquidity to support current obligations arising from its preferred stock issuance.
Liquidity becomes the focal point for MicroStrategy. Strategy has adopted Bitcoin as its primary treasury asset since 2020 under the leadership of Executive Chairman Michael Saylor and President and CEO Phong Le.
The company raises capital mainly through direct sales of common stock and perpetual preferred stock series (like series STRC) to fund acquisitions, following internal metrics like Bitcoin per share and BTC Yield to assess shareholder benefits. $BTC
Donald Trump claimed that Iran will accept thorough inspections of its weapons to ensure nuclear honesty. The Vice President of the United States, JD Vance, stated from Bürgenstock that significant progress was made in the negotiations on Sunday and that the return of IAEA inspectors to Iranian territory is one of the concrete advancements achieved.
Donald Trump asserted on Monday that Iran will accept "exhaustive" inspections of nuclear weapons as part of the preliminary agreement reached last week between Washington and Tehran, which also includes a cessation of hostilities and the reopening of the Strait of Hormuz, and opens a 60-day window to negotiate a broader final agreement.
"Everyone is fully aware that Iran will agree to undergo thorough inspections of its weapons to ensure long-term 'nuclear honesty,'" the President wrote on his social media.
The American President's statements came hours after the Iranian delegation left Switzerland heading to Tehran, following an intense day of negotiations held on Sunday in Bürgenstock, the venue where both parties met with mediation from Pakistan and Qatar.
The Vice President of the United States, JD Vance, confirmed from Bürgenstock that very good progress was achieved in the negotiations on Sunday and that the return of inspectors from the International Atomic Energy Agency (IAEA) to Iranian territory is one of the concrete advancements obtained. According to Vance, the first talks with the inspectors could even happen today. Meanwhile, Bitcoin is holding strong at 64,567 USD. Despite the controversy in the Middle East, many big investors are buying Bitcoin and ETH, as both Bitcoin and Ethereum could skyrocket.
Strategy hints at a new Bitcoin buy as Iran and the U.S. walk a tightrope Michael Saylor dropped the classic signal for a fresh BTC acquisition. The message comes as the U.S. seeks to solidify a peace deal in Switzerland.
Strategy, holding over 846,000 BTC in its treasury, continues its aggressive accumulation strategy. The U.S., Iran, Pakistan, and Qatar are involved in a new round of negotiations.
Michael Saylor, founder and CEO of Strategy, has reignited market optimism. He posted on X a candlestick chart of the company's historical buys along with the message: Looks better with more dots. This phrase is the traditional signal he uses to forecast a massive Bitcoin (BTC) buy.
It's a cryptic message, typical of Saylor's Sunday posts, but if it materializes, it looks like a breath of fresh air for the market. $BTC
Iraq is gearing up to export crude oil and gasoline through Syrian ports following the Hormuz blockade. Iraqi and Syrian energy officials, along with refinery sources, reported that after the war with Iran severed their main maritime routes in the Gulf due to the blockage in the Strait of Hormuz.
This move would expand an agreement that has allowed Iraq to ship fuel oil through the Mediterranean maritime terminal at Baniyas, following the effective closure of the waterway, which drastically cut export routes to the Gulf for the second-largest producer in the Organization of the Petroleum Exporting Countries (OPEC).
Two Iraqi oil officials stated that plans to diversify crude and fuel export routes, including through Syria, will continue even after the war with Iran ends and maritime transport through the Strait of Hormuz returns to normal, as part of a government-approved strategy to reduce Iraq's dependence on a single export corridor.
"The Iraqi government and the Ministry of Oil place the utmost importance on diversifying crude export routes, particularly through Syrian territory," noted Saleem al-Rikabi, spokesperson for the Iraqi Ministry of Oil.
Meanwhile, as this issue unfolds, crude prices are dropping, and many investors are taking advantage of the dip to buy into crude stocks. Hala baja.
Sam Altman, CEO of OpenAI and the driving force behind ChatGPT, has a clear vision The revenge of idea geniuses is something incredible for the world After years of being sidelined by technical prowess, ideas are reclaiming their value in an industry where leaders now prefer to fund founders with grand visions over purely technical professionals.
I was wrong, Sam Altman admits that the 'job apocalypse' of AI has not come to pass. Sam Altman, creator of ChatGPT, wants AI to pay taxes and for you to work four days a week.
Denying the transformation of the current tech ecosystem would be illogical at this point. The deployment and expansion of artificial intelligence have altered the roles of industry players, giving increasing weight to those who can conceive a business model over purely technical profiles.
At least that's how the co-founder of OpenAI and promoter of ChatGPT, Sam Altman, sees it. From his perspective, the evolution of AI tools has narrowed the gap between engineers and those professionals who possess the vision and empathy needed to understand their target audience.
Josh Giegel, former SpaceX employee: "The equity stake I received was liberating. Josh Giegel, a former SpaceX employee, shares how his shares in Elon Musk's company allowed him to launch his own startup and buy a house in Los Angeles.
SpaceX workers just hit the jackpot. Now the tough part begins. Josh Giegel joined SpaceX in 2009 and worked there for 3 years. He says that his stake in the rocket company has been "liberating." It's one of the stories of SpaceX employees published by Business Insider through this narrative essay by the 41-year-old co-founder of the AI startup Gambit.
He starts his story by mentioning that he was in grad school at Stanford, finishing up his degree and wanting to pursue a PhD. He had interned at NASA the summer before, and one of the women he worked with was also a Stanford grad, and she told him, "You're going to get bored at NASA. Why not check out this small space company in Los Angeles called SpaceX?" $SPCXB $SPCX
Iran announces the closure of the Strait of Hormuz in response to Israeli attacks on Lebanon. An armed speedboat near a ship. The Islamic Revolutionary Guard Corps of Iran has declared that commercial traffic through the Strait of Hormuz is once again closed. The flow of oil from the Middle East to the rest of the world is back under threat.
The Iranian regime announced this Saturday the closure of maritime traffic in the Strait of Hormuz as a response to the attacks that, in recent hours, the Israeli army has launched against the Shiite militia Hezbollah in Lebanon, which Tehran has labeled a "clear violation" of agreements with the United States.
"Don't approach the Strait of Hormuz; otherwise, your safety will be compromised." This was the message that the Islamic Revolutionary Guard Corps Navy sent to oil tankers preparing to traverse this strategic maritime route, through which approximately 20% of the world's oil consumption flows.
For its part, Washington has downplayed the announcement, stating that, for now, there is no evidence that traffic through the strait has been interrupted.
"Yesterday (Friday), 16 million barrels of oil were transported through the Strait of Hormuz. You can check how these ships continue to circulate," stated U.S. Vice President JD Vance.
In the same vein, U.S. Central Command (Centcom) asserted that on Saturday, traffic through the strait had even increased.
Maritime commercial traffic through the Strait of Hormuz surged on June 20 with the passage of 55 merchant ships carrying large volumes of cargo and over 17 million barrels of oil to international markets," the agency indicated in a message posted on social media X.
Meanwhile, Bitcoin remains at $64,223 despite the controversy in the Middle East.