PANews May 3 news, according to The Information report, SpaceX is about to launch a large-scale initial public offering (IPO), triggering major Wall Street funds to intensively adjust their positions. The report states that about a week ago, a special plane marked with the SpaceX logo carried nearly 200 investors from large Wall Street funds to the southern tip of Texas to participate in a multi-day roadshow presentation held by company executives. Due to explosive subscription demand, there were even situations where the plane could not accommodate all interested investors. As the listing of this company, composed of Musk's rocket and AI business, approaches, the market is discussing which tech stocks to sell in order to free up funds to subscribe for SpaceX shares, which is expected to drive a sell-off of tech stocks worth billions of dollars.

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