--- title: "SpaceX sets Jun 12 Nasdaq debut; WeChat A2A enables mobile AI interop | Daily News Recap" type: "Topics" locale: "en" url: "https://longbridge.com/en/topics/41469015.md" description: "0604 | Dolphin Research focus: 🐬 Stock pick 1, $SpaceX(SPCX.US) Elon Musk's SpaceX is set to list on Nasdaq on Jun 12 with ticker 'SPCX'. The IPO is priced at $135, targeting $75bn of proceeds and valuing the company at $1.77tn.The deal would set a new global IPO record by proceeds. This mega listing could siphon liquidity from global markets, while lifting valuations across the commercial space value chain upstream and downstream." datetime: "2026-06-04T08:21:14.000Z" locales: - [en](https://longbridge.com/en/topics/41469015.md) - [zh-CN](https://longbridge.com/zh-CN/topics/41469015.md) - [zh-HK](https://longbridge.com/zh-HK/topics/41469015.md) author: "[Dolphin Research](https://longbridge.com/en/news/dolphin.md)" --- # SpaceX sets Jun 12 Nasdaq debut; WeChat A2A enables mobile AI interop | Daily News Recap ## 0604 ｜**Dolphin Focus:** ## **🐬 Single Stocks** **1.**$SpaceX(SPCX.US) Musk's SpaceX is set to list on Nasdaq on Jun 12 under the ticker 'SPCX', pricing the IPO at $135. The deal aims to raise $75bn, implying a $1.77tn valuation, and would set a new global record for IPO proceeds. Such a mega offering will likely draw liquidity from global markets while lifting valuations across the commercial space value chain. It may also temporarily divert flows within the US tech cohort. **2.**$NVIDIA(NVDA.US) NVIDIA is reportedly acquiring custom AI model developer Kumo for at least $400mn. The target focuses on industry-specific large-model builds, which would fill NVIDIA's gap in vertical application models and speed up its full-stack push. Beyond asset buy, the move neutralizes potential non-NVIDIA middleware and extends reach from compute to the enterprise app layer. It strengthens the CUDA moat and deepens enterprise dependence on NVIDIA's integrated HW/SW stack. **3.**$TENCENT(00700.HK) $XIAOMI-W(01810.HK) WeChat is working closely with leading OEMs including Huawei, Honor, Xiaomi, OPPO and vivo to enable Agent-to-Agent (A2A) features, allowing users to trigger WeChat calls and messages via the phone's voice assistant. This marks a shift from an actively operated app toward a 'device-level AI OS'. Early rollouts on models such as Honor will meaningfully enhance Tencent's traffic control on-device in the AI era. It also reshapes mobile internet service distribution. **4.**$CHINA LIT(00772.HK) Yuewen disclosed that a subsidiary completed a tax self-review related to Horgos and will pay approx. RMB 300mn in income taxes and late fees for 2020–2022. As this is a retrospective, non-recurring item, it will directly dent current-year net profit and weigh on the stock in the near term. Longer term, clearing the legacy 'tax haven' benefits in Horgos is part of sector normalization. The move reduces material compliance uncertainty. **5.**$JD.com(JD.US) JD open-sourced its in-house JoyAI-Echo long-form video generation framework, showcasing its latest multimodal LLM progress. From a market perspective, this is less about selling software and more about building an ecosystem to empower core e-commerce use cases, such as AI-generated product marketing videos and avatar livestreaming. The goal is to materially lower merchants' operating costs via technology, indirectly enhancing JD's overall e-commerce competitiveness. **6.**$POP MART(09992.HK) Renowned value investor Duan Yongping increased his stake in Pop Mart again, lifting his holding above 6% and becoming the No. 2 shareholder. His repeated cash additions during Pop Mart's overseas expansion boom send a strong confidence signal to the HK market. Subsequent performance will still hinge on IP execution and monetization. **7.**$Tesla(TSLA.US) Tesla has launched safety-operator-free Robotaxi service across Austin, retaining only remote oversight. This is a key milestone for FSD commercialization. It should directly lift FSD take rates and underpins Tesla's long-term premium valuation narrative. **8.**$Intel(INTC.US) Intel announced a strategic partnership with Hon Hai Precision to co-develop next-gen AI hardware platforms and compute center solutions. With x86 growth slowing and NVIDIA dominating AI, this is a key lever for its 'IDM 2.0' strategy and Gaudi AI chips. By aligning with the world's largest contract manufacturer, Intel aims to fast-track integration into motherboard and server ecosystems. The goal is to regain data center share and rebuild AI-chip valuation confidence. **9.**$Alphabet(GOOGL.US) Google launched Dreambeans, an AI storytelling app powered by Gemini for personalized content, available only to Ultra paid subscribers. The company continues to roll out paid consumer AI products and is operationalizing model monetization. This offers a reference path for global consumer AI commercialization. **10.**$Meta Platforms(META.US) Meta introduced a new Business Agent powered by its Llama models, connecting ad solutions with end-to-end merchant operations. Ads remain Meta's revenue mainstay, so this tool should directly improve SME ROI and attract more budgets to the platform. It accelerates AI monetization and earnings accretion. **11.**$BYD COMPANY(01211.HK) BYD has reportedly formed a team and begun R&D on humanoid robots, aiming to transfer its EV 'three-electric' and advanced manufacturing know-how into general-purpose robotics. This could catalyze a re-rating from a 'traditional auto maker' to an 'embodied intelligence and hard-tech platform'. Robots, as the ultimate mobile intelligent terminal, offer strong synergy with BYD's factory automation and future in-vehicle intelligence. **12\. Dolphin Focus: Earnings & Calls** Broadcom: '《[博通 AVGO：大佬 vs 大佬，ASIC 阵营要分家了？](https://longbridge.cn/zh-CN/topics/41463124?channel=WHAB0001)》、《[博通（纪要）：公司只做芯片，谷歌等客户在寻求供应链多元化](https://longbridge.cn/zh-CN/topics/41463849?channel=WHAB0001)》' ## **🐬 Top Gainers by Sector** **A-shares:** industrial gases, semiconductor materials & equipment, kitchen appliances; **HK:** industrial chemicals, reinsurance, residential builders; **US:** kitchen appliances, apparel retailers, consumer goods retailers. ## **🐬 Watchlist for Tomorrow** **1.** Lululemon to report earnings. Risk disclosure and statement for this article: [海豚研究免责声明及一般披露](https://support.longbridge.global/topics/misc/dolphin-disclaimer) ### Related Stocks - [TSLA.US](https://longbridge.com/en/quote/TSLA.US.md) - [01810.HK](https://longbridge.com/en/quote/01810.HK.md) - [01211.HK](https://longbridge.com/en/quote/01211.HK.md) - [INTC.US](https://longbridge.com/en/quote/INTC.US.md) - [SPCX.US](https://longbridge.com/en/quote/SPCX.US.md) - [00772.HK](https://longbridge.com/en/quote/00772.HK.md) - [09618.HK](https://longbridge.com/en/quote/09618.HK.md) - [HNHPF.US](https://longbridge.com/en/quote/HNHPF.US.md) - [GOOGL.US](https://longbridge.com/en/quote/GOOGL.US.md) - [GOOG.US](https://longbridge.com/en/quote/GOOG.US.md) - [AVGO.US](https://longbridge.com/en/quote/AVGO.US.md) - [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md) - [00700.HK](https://longbridge.com/en/quote/00700.HK.md) - [09992.HK](https://longbridge.com/en/quote/09992.HK.md) - [DXYZ.US](https://longbridge.com/en/quote/DXYZ.US.md) - [META.US](https://longbridge.com/en/quote/META.US.md) - [81810.HK](https://longbridge.com/en/quote/81810.HK.md) - [XIACY.US](https://longbridge.com/en/quote/XIACY.US.md) - [002594.CN](https://longbridge.com/en/quote/002594.CN.md) - [BYDDF.US](https://longbridge.com/en/quote/BYDDF.US.md) - [HXXD.SG](https://longbridge.com/en/quote/HXXD.SG.md) - [81211.HK](https://longbridge.com/en/quote/81211.HK.md) - [HYDD.SG](https://longbridge.com/en/quote/HYDD.SG.md) - [BYDDY.US](https://longbridge.com/en/quote/BYDDY.US.md) - [04335.HK](https://longbridge.com/en/quote/04335.HK.md) - [89618.HK](https://longbridge.com/en/quote/89618.HK.md) - [HJDD.SG](https://longbridge.com/en/quote/HJDD.SG.md) - [JD.US](https://longbridge.com/en/quote/JD.US.md) - [80700.HK](https://longbridge.com/en/quote/80700.HK.md) - [HTCD.SG](https://longbridge.com/en/quote/HTCD.SG.md) - [TCEHY.US](https://longbridge.com/en/quote/TCEHY.US.md) - [TCTZF.US](https://longbridge.com/en/quote/TCTZF.US.md) - [HPPD.SG](https://longbridge.com/en/quote/HPPD.SG.md) ## Comments (15) - **Macintosh Lee · 2026-06-04T13:21:23.000Z · 👍 2**: No matter how severe the situation is, no matter how long or short the future period of forced zero trading may be, Hong Kong brokers and banks are extremely concerned about not losing their own platform's clients. After all, it hasn't been easy to accumulate this huge resource over many years of ha - **Dolphin Research** (2026-06-05T00:50:47.000Z): Sigh. - **ZoeC5 · 2026-06-04T12:57:48.000Z · 👍 3**: Can mainland (stocks) still be bought? I saw someone posting a picture online saying buying is prohibited, but I haven't seen any official announcement. - **Macintosh Lee** (2026-06-04T13:11:10.000Z): If you ask customer service, you probably won't get a clear answer. First, they really want to see if they can quietly touch the red line and get by after the heat dies down, and they don't want to gi - **Macintosh Lee** (2026-06-04T13:13:00.000Z): Mainland customers are a broad category. If you're at the tens of millions or hundreds of millions level, you might have a special VIP channel. - **发财用户** (2026-06-04T16:41:30.000Z): The customer service representative has already spoken. - **永续杠精 · 2026-06-04T09:05:28.000Z · 👍 4**: Oh dear, Longbridge won't allow purchases on June 12th, what a coincidence? - **坤方种植财富** (2026-06-04T09:13:30.000Z): Is Longbridge not allowing purchases?🤣🤣It's not that Longbridge won't let you buy! - **顺天命** (2026-06-04T10:03:48.000Z): What's that? I didn't understand. Please explain. - **xeonchow** (2026-06-04T10:30:09.000Z): Singapore's Longbridge didn't receive this news.