Morgan Stanley estimates SpaceX could generate $3.4 trillion in revenue by 2040, the Wall Street Journal reports.

The EU Chamber of Commerce in China said the European Commission's new European tech sovereignty package covers semiconductors, AI, cloud services, open-source technology and energy-sector digitalization. The chamber said the measures are closely relevant to Chinese firms operating in the EU and to Sino-EU digital trade, investment and cooperation. It urged stronger connectivity and cooperation between China and the EU — not market fragmentation or technological decoupling — to support innovation, industrial competitiveness and sustainable growth.

Hong Kong's foreign exchange reserves rose to $446.5 billion in May from $442.1 billion in April.