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Such changes in positions usually reflect short-term speculative capital’s expectations for the subsequent movement of international oil prices. A sharp decrease in net long positions often also indicates a temporary cooling of bullish sentiment in the market.

Glonghui, June 20 – SpaceX’s fundraising story is far from over with the IPO. According to Bloomberg, after completing its public listing, SpaceX is now rapidly turning to the bond market to advance its artificial intelligence and orbital data center initiatives. The company has begun preparations for its first bond issuance, with a scale of at least $20 billion. In a research report on June 18, Oppenheimer & Co predicted that SpaceX’s net debt will climb from around $13 billion currently to over $400 billion by 2031, a scale that will surpass almost all listed American companies and more than three times Oracle’s current debt level. Analysts at Goldman Sachs and Evercore ISI estimate that by 2031, SpaceX’s capital expenditure will exceed $1 trillion, with the majority directed to AI-driven business and space data center construction.

Investors: The Federal Reserve's hawkish stance does not change the bullish trend of gold, and the market's long-term positive logic remains intact