AMAZON: WILLING TO MAKE LARGE CAPEX INVESTMENTS, ENDURE SHORT-TERM FREE CASH FLOW HEADWINDS

Bankers advising SpaceX are considering allowing insiders to gradually sell shares before the standard 180-day lock-up expires to reduce potential post-IPO selling pressure. At a $2 trillion valuation, the IPO could raise up to $75 billion, with less than 5% of stock floated. Elon Musk holds about 40%. Liz Hoffman of Semafor notes lock-up expirations often trigger declines, a risk heightened by long-held investor gains.

布倫特原油回落至94美元/桶下方，日內轉跌。