SpaceX is preparing for what could be the largest IPO in history with a $1.75 trillion valuation and $75 billion capital raise. While the company showed profitability in 2025 and operates in massive markets, historical analysis of mega-IPOs suggests investors should be cautious—most large IPOs have lost approximately 10% of their value within six months of going public, which could erase up to $175 billion in SpaceX's market value.

ByteDance's valuation has reached $600 billion, making it China's second most valuable internet company. The valuation reflects investor confidence in its three main pillars: Douyin (domestic e-commerce and services anchor), TikTok (global growth engine despite geopolitical risks), and AI through Doubao (emerging growth driver). The company is investing heavily in AI infrastructure and shows no urgency for an IPO, though smaller subsidiaries could potentially be listed separately.

Trump's tariff policies and the closure of the de minimis loophole (which previously allowed duty-free packages under $800) are reshaping e-commerce competition. Amazon benefits from reduced Chinese competition on its marketplace while leveraging AWS growth, whereas Alibaba faces structural headwinds as its international AliExpress platform relied on the now-eliminated duty-free model. The tariff environment creates divergent outcomes for the two e-commerce giants.

Major tech companies made significant moves in AI infrastructure and product development. CoreWeave secured multi-year agreements with Meta and Anthropic for AI model support. Tesla's China retail sales dropped 16% year-over-year despite wholesale increases. Applied Digital and Taiwan Semiconductor reported strong quarterly results. Multiple companies including Amazon, Google, and Oracle expanded AI initiatives, while Apple plans a foldable iPhone debut.

SpaceX is preparing for a $1.75 trillion IPO seeking to raise $75 billion, but historical analysis suggests it may disappoint investors. The largest IPOs in history, including Saudi Aramco and Alibaba, underperformed within six months of their debuts. SpaceX's valuation with a price-to-sales ratio above 60 appears unjustifiable, and like Tesla, the company is priced for perfection in unpredictable industries while CEO Elon Musk has a track record of unfulfilled promises.

U.S. stock futures surged on Wednesday following President Trump's announcement of a two-week ceasefire on Iran strikes. Major indices posted strong gains with the S&P 500 up 2.46%, Nasdaq 100 up 3.25%, and Russell 2000 up 3.59%. However, analyst Jeremy Siegel warns of near-term caution despite long-term bullish outlook, citing labor strength, inflationary pressures, and earnings risks. Several stocks gained significantly on company-specific news.

The week saw significant developments across consumer tech and semiconductors. EV makers Tesla, Nio, and XPeng reported strong growth, with Nio delivering 35,486 vehicles (136% YoY increase). Apple's iPhone 17 showed steady demand with higher Pro model adoption. Meta plans new Ray-Ban smart glasses launches. In semiconductors, major players like Microsoft, IBM, AMD, and Intel announced strategic AI initiatives, while TSMC secured approval for advanced 3nm production in Japan. Autonomous vehicle services expanded with WeRide and Grab launching Singapore's first driverless public ride service.

SpaceX has confidentially filed for an IPO with the SEC and could list as soon as June 2026. The company is seeking to raise up to $75 billion, which would be three times larger than any previous U.S. IPO. At a $1.25 trillion valuation following its merger with xAI, SpaceX's multi-layered business model includes launch services, Starlink satellite internet with recurring revenue, and significant government defense contracts worth over $24 billion.

eBay has delivered 15.8% annualized total returns over the past decade, outpacing the S&P 500 through steady business operations, aggressive share buybacks (62% reduction since 2015), and shareholder-friendly capital allocation. The company is acquiring Etsy's Depop service to access 56 million younger users, positioning itself as a defensible platform for rare and collectible items without pursuing expensive expansion like competitors.

The U.S. Commerce Department is calling for proposals to help American companies export full-stack AI technology packages internationally, with applications due by June 30. This initiative aims to advance AI sovereignty and is part of President Trump's effort to promote AI exports amid intensifying competition with China. Selected proposals will receive federal advocacy, promotion, and financing support.

X Square Robot successfully hosted EAIDC 2026, the world's first embodied AI developers conference in Shenzhen, bringing together researchers and companies to advance humanoid robotics. The event featured live demonstrations, a hackathon, and real-world deployment challenges across grasping, language understanding, and decision-making tasks. The company, backed by $280 million in funding from major investors, is commercializing embodied AI systems across education, hospitality, and elder care sectors.

Agentic AI, a new category of software that autonomously completes real-world business tasks, is emerging as the next major AI breakthrough. The market is projected to grow from $5.2 billion in 2024 to $197 billion by 2034. Alibaba Group is positioning itself as a leader in this space with tools like Wukong and Accio Work that function as digital employees for enterprises, though it faces intense competition from global players and execution risks.