SpaceX report, share unlock may sway Hong Kong, mainland China stocks as AI trade recovers

Elon Musk’s aerospace unit faces scrutiny as results and a share unlock loom, testing investor appetite for capital-intensive tech Another test will follow two days later, when the trading restrictions on part of SpaceX’s initial public offering (IPO) shares expire, setting the stage for one of the biggest stock unlocks in global capital markets. Capitalised at US$1.5 trillion, SpaceX ranks alongside the so-called US Magnificent Seven of tech stocks – Nvidia, Microsoft, Apple, Alphabet, Amazon.com, Meta Platforms and Tesla – and is big enough to sway sentiment in the AI sector. Any spillover would have repercussions for stocks in Hong Kong and mainland China, where investors look to the US for clues on trading strategies.

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