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Analyst Dan Taylor says SpaceX’s valuation is increasingly decoupled from the AI sector and looks driven more by a personal trust premium in CEO Elon Musk than by an AI-driven growth case. Taylor judges Musk’s US$1 trillion revenue target by 2030 unl

2026-06-18

Analyst Dan Taylor says SpaceX’s valuation is increasingly decoupled from the AI sector and looks driven more by a personal trust premium in CEO Elon Musk than by an AI-driven growth case. Taylor judges Musk’s US$1 trillion revenue target by 2030 unlikely, but says investor confidence in Musk’s track record continues to support the valuation. The pace of upcoming AI-related IPOs will hinge on whether the current AI spending surge endures. Tech names have already bifurcated—semiconductor-linked stocks rallying while SaaS names lag—and Taylor expects that split to persist until AI investment yields clearer commercial returns.

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2026-06-18

The A-share non-metallic materials sector rallied in early trading, with Sanxiang New Materials hitting the daily limit, followed by Lianrui New Materials, Power Diamond, Tianma New Materials, and Longgao Shares.

The A-share non-metallic materials sector rallied in early trading, with Sanxiang New Materials hitting the daily limit, followed by Lianrui New Materials, Power Diamond, Tianma New Materials, and Longgao Shares.
2026-06-17

China's financial regulator said it will support eligible financial institutions to establish in Shanghai and approved two insurance asset managers, Youbang Insurance Asset Management Co. and Hequan Insurance Asset Management Co. It will also support

China's financial regulator said it will support eligible financial institutions to establish in Shanghai and approved two insurance asset managers, Youbang Insurance Asset Management Co. and Hequan Insurance Asset Management Co. It will also support deeper foreign participation, allowing eligible foreign banks to apply to pilot Treasury futures and other financial businesses to improve the onshore business environment.
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