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People familiar with the matter said SpaceX plans to use IPO proceeds to expand AI computing capacity and its satellite network.

2026-06-03

People familiar with the matter said SpaceX plans to use IPO proceeds to expand AI computing capacity and its satellite network.

Other News
2026-06-03

Tianfeng Securities says China’s coal market is looser than in 2021–22, making a large coal-driven rise in the coal-to-oil price ratio unlikely. Geopolitical risk around the US–Iran conflict is uncertain; even if tensions ease, oil supply shortfalls

Tianfeng Securities says China’s coal market is looser than in 2021–22, making a large coal-driven rise in the coal-to-oil price ratio unlikely. Geopolitical risk around the US–Iran conflict is uncertain; even if tensions ease, oil supply shortfalls are unlikely to be restored quickly and the oil-price baseline may not return to pre-conflict levels in the short term. A fall in the coal-to-oil ratio would widen downstream spreads for coal-to-chemicals; together with likely slower capacity growth during the 15th Five-Year Plan, coal-to-chemicals profitability may enter an upcycle.
2026-06-03

Kuwaiti military said early on the 3rd its air defenses were intercepting incoming hostile missiles and drones and that any explosion sounds were the result of interceptions. Some media reported a US base in Kuwait was struck. Iranian media said alar

Kuwaiti military said early on the 3rd its air defenses were intercepting incoming hostile missiles and drones and that any explosion sounds were the result of interceptions. Some media reported a US base in Kuwait was struck. Iranian media said alarms sounded over Bahrain and earlier reported explosions on Qeshm Island in the Strait of Hormuz. Iran's state broadcaster said the attack on the US base occurred immediately after the Qeshm explosion; it is unclear whether the incidents are linked.
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