ChangXin Memory Technologies (CXMT) shares surged nearly 470% during its debut on the Shanghai Stock Exchange's Star Market. This increase raised its market valuation to approximately 3.3 trillion yuan ($487 billion), making it the most valuable listed company in mainland China.

Google holds $94.1 billion in SpaceX shares, representing approximately a 6% stake in the company. Of this amount, $80 billion is subject to short-term sale restrictions and $14.1 billion is subject to long-term restrictions until the third quarter of 2027.

SpaceX stock fell below its initial public offering price of $135 for the first time, reflecting a decline in market enthusiasm for the company. This drop marks a significant loss for a stock that previously experienced substantial gains.

SpaceX's stock has declined by 38% from its peak post-IPO valuation. The company's market cap previously surpassed that of Amazon and Microsoft.

S&P Dow Jones Indices has denied SpaceX's request for expedited entry into the S&P 500, maintaining its rules for inclusion. The decision also affects other unprofitable AI companies, such as OpenAI and Anthropic, which are similarly blocked from entry.

Allbirds is pivoting from shoe production to artificial intelligence compute infrastructure. Following the announcement, the company's stock price surged over 700%, rising from under $3 to over $17.

SpaceX is preparing for an initial public offering (IPO) that could achieve a valuation of $2 trillion, making it potentially the largest IPO in history. Despite current financial losses, the company is expected to become the most expensive stock in the market upon going public.

Wall Street is experiencing instability due to the unwinding of the Japanese Yen carry trade. Cryptocurrencies have lost 40% of their value, and silver has dropped 40%, a decline not seen since 1980.