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Industry

SpaceX and Tesla: Elon Musk\'s broader Mars plan \'Musknomics\'

SpaceX is preparing an IPO valued at $1.5 trillion and is working with major Wall Street banks, TechCrunch reported. The move is seen as a potential catalyst for a depressed IPO market since 2021, while secondary trading remains active. Greg Martin of Rainmaker Securities said companies like SpaceX provide liquidity through pre-IPO secondary markets. Separately, a SpaceX-Tesla merger faces complexity despite past cooperation and possible links in AI, robotics and solar plans, as Musk pursues a long-term vision that includes a Mars colony.

Crypto

Hanwha Investment & Securities to invest 10 billion won in digital asset platform Xangle

Hanwha Investment & Securities said on Thursday it completed a strategic investment worth 10 billion won in Xangle, a blockchain-based digital asset data platform. Xangle provides digital asset prices, research and on-chain data using data infrastructure and a global research network. The platform connects financial institutions at home and abroad with the web3 ecosystem. Hanwha said the investment will deepen cooperation between the two companies.

Crypto

Tom Lee says Bitcoin, Ethereum to rally once gold and silver run ends

Fundstrat co-founder Tom Lee (톰 리) says cryptocurrencies are likely to rebound if the strength in gold and silver cools. He says broad deleveraging has limited crypto gains despite a weaker dollar and an easier Federal Reserve stance, and that FOMO is pulling money into precious metals. Gold is up 17.5 percent this year to $5,100 an ounce and silver has jumped 57 percent to $110. He remains relatively optimistic on Ethereum.