Panxing Plaza US Fund posted a 1H net return of -8.1%.

Elon Musk's SpaceX (SPCX.O) is hiring a trader to build and lead a natural‑gas trading desk focused on physical and financial gas trades to meet rising fuel and power needs. The posting highlights the role of fuels for power plants and manufacturing as SpaceX expands into chip production and space projects. Earlier this month SpaceX said it plans to build a gas‑fired power plant to supply a large semiconductor facility it is developing with Tesla in Texas. Surging power demand from data centres and new plants has pushed market interest in new gas‑fired capacity. SpaceX's Starship uses cryogenic methane — the main component of natural gas — combined with liquid oxygen as propellant.

Shanghai municipal government office issued the Shanghai Comprehensive Transportation Development 15th Five-Year Plan, mandating pilot trials of unmanned transport modes and continued development of high-level autonomous-driving demonstration zones. The plan targets scaled deployment of L4 and above autonomous driving in intelligent buses, heavy trucks and taxis, requires full BeiDou coverage across the transport sector, and calls for planning and construction of low-altitude public air routes integrated with transport infrastructure. It directs upgrades to low-altitude air-traffic services to enable precise supply and efficient use of low-altitude airspace and supports orderly development of low-altitude logistics delivery.