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On June 4, the S&P 500 index turned positive. Currently, the Dow Jones Industrial Average is up 1.50%, the S&P 500 index is up 0.02%, and the Nasdaq Composite Index is down 0.6%.

Glonghui, June 4th | U.S. battery startup Solidion Technology surged more than 500% at the open. According to reports, Solidion Technology issued a press release on Thursday stating it had achieved a patented breakthrough in extreme climate battery technology, focusing on the trending concepts of low-orbit AI data centers and permanent lunar bases.

BlockBeats reported on June 4 that, according to CNBC, Brett Winton, Chief Futurist at ARK Invest, stated that SpaceX's upcoming IPO could become one of the most important stock offerings in history, with its satellite internet business Starlink alone able to support a valuation close to 2 trillion dollars. SpaceX has set the IPO price at 135 dollars per share and plans to list on Nasdaq on June 12, with a pre-listing valuation of around 1.77 trillion dollars. The company plans to sell 555.6 million shares, raising about 75 billion dollars, and underwriters can also purchase an additional 83.33 million shares at the IPO price, corresponding to about 11.2 billion dollars. After the IPO, Musk will hold over 82% of the voting control. Winton said that SpaceX's growth prospects are not limited to launch services and are closely related to the rapid expansion of AI. ARK estimates that by 2030, the combined enterprise value of companies developing and operating foundational AI models could reach 15 trillion to 20 trillion dollars. Winton noted that investors typically focus on SpaceX’s reusable rockets, but Starlink is the main driving factor in ARK’s valuation logic. He stated that Starlink’s current satellite constellation can provide about 500 Tbps of bandwidth and generate annual revenue of about 13 billion dollars. With the launch of the Starship rocket, SpaceX can significantly reduce launch costs and deploy more satellites at a faster pace.