SEC filing shows Musk held a 48.4% passive stake in SpaceX (SPCX.O) as of June 30.

Citigroup expects more Asian companies to list in the U.S. as tech firms seek higher valuations and access ample U.S. equity capital. Adrian Nye, head of Japan, North Asia and Australia issuer services at Citigroup, says Asian techs are using American depositary receipts to trade alongside U.S. peers. Compiled data show Philadelphia Semiconductor Index constituents trade at an average P/E of about 22x—more than twice that of Asian peers. Year-to-date Asian ADR issuance is roughly $28 billion, the most since 2020, led by SK Hynix's $26.5 billion U.S. listing; Japan payments provider PayPay contributed about $1 billion.

工業金屬價格近期重新走強，但歐洲礦業股和盈利預期尚未完全跟上。歐洲Stoxx 600基礎資源指數今年已上漲約26%，但近期礦業股相對現貨金屬價格再次出現缺口 。摩根大通策略師認爲，若未來幾個月美元重新走弱，同時亞洲經濟活動改善，這一差距存在收窄空間。 更值得關注的是盈利端。本輪財報季中，多數大型礦企在柴油、電力、運輸等成本明顯波動的情況下，利潤和收入仍好於預期。摩根士丹利指出， 礦企實際成本表現明顯好於投入品環境所暗示的水平，而主要綜合礦商普遍預計下半年產量提高。 因此，當前礦業股邏輯已經不只是「金屬漲價」。如果銅、鋁等價格維持強勢，同時單位成本繼續受控， 商品價格上漲可能進一步向盈利預期傳導，推動礦企EPS預期追趕現貨金屬表現。