CNBeta — 2026-06-08#
Top Story#
According to a cnbeta report on SpaceX’s record-breaking IPO, the aerospace giant is targeting a historic $1.77 trillion valuation while strictly blocking investors from mainland China and Hong Kong. This exclusion is driven by US ITAR regulations and increasing cross-border securities scrutiny, highlighting the widening decoupling in the aerospace and defense tech sectors. The IPO also breaks Wall Street traditions by setting a fixed $135 share price and allowing an unusually large 30% retail allocation.