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On June 12, veteran short seller James Chanos stated that the highly anticipated IPO of SpaceX is driven more by investor enthusiasm for Elon Musk and artificial intelligence rather than financial fundamentals. He believes it is difficult to justify the company's valuation based on any reasonable business assumptions. The founder of Chanos & Co. remarked that as investors pour money into speculative growth narratives, this deal represents a key test of market sentiment ahead of SpaceX's much-watched IPO. Speaking at the iConnections Global Alts conference in New York, Chanos said, 'We are looking at a $75 billion IPO with a valuation close to $2 trillion, while the company's revenue is $19 billion and free cash flow is negative. This is indeed an IPO supported by hope and dreams.'

BlockBeats News, June 11th, according to CME's "FedWatch" data, the probability of a Fed rate hike this year is 69%, with a 43.4% probability of a 25 basis point hike, a 21.2% probability of a 50 basis point hike, a 4.1% probability of a 75 basis point hike, and a 0.3% probability of a 100 basis point hike.

BlockBeats News, June 11th, according to sources, the SpaceX IPO has attracted at least a $5 billion subscription order from Blackstone.