CORRECTED-US startup xLight raises $40 million in race against China for key chip-making laser

TradingKey - Major Asia-Pacific stock markets rallied collectively on Thursday morning. The Nikkei 225 Index opened nearly 1% higher, with intraday gains subsequently expanding to over 3%. South Korea's KOSPI opened 3.8% higher, with gains further widening to 5.1%. The Korea Exchange triggered a circuit breaker for the KOSPI as KOSPI 200 futures surged 5%, suspending program trading for five minutes.

U.S. markets rebounded as oil fell on geopolitical hopes, highlighted by Nvidia's record Q1 earnings and SpaceX’s historic $1.5 trillion IPO filing.

SpaceX filed a confidential draft S-1 with the U.S. Securities and Exchange Commission on April 1, 2026, targeting a $2 trillion valuation and $75 billion in proceeds. Scheduled for a June 12 listing, it is poised to become the largest IPO in the history of global capital markets. However, the critical question is not "why go public despite being well-capitalized," but "what the listing actually achieves." This article strictly separates fact from speculation, deconstructing Nasdaq's fast-track inclusion rules, Elon Musk's dual-class control disparity, and the $2 trillion trigger within Tesla’s 2025 compensation plan. Furthermore, it outlines three independently verifiable signals over the next 60 days to help Tesla shareholders maintain objective judgment amidst conspiracy theories and market "magnet effects."

TradingKey - SpaceX IPO targets June 12, 2026 on Nasdaq (SPCX). Raising up to $75B at $1.75T valuation — largest IPO in history. Starlink 9M+ users, $15–16B 2025 revenue. Dual-class shares. Musk keeps control.

TradingKey - Following a rally the previous day, Nvidia’s share price plunged during intraday trading on May 15, falling more than 4.6% at one point and wiping out a significant portion of its market value. Earlier, during pre-market trading, foreign media reported that sales of Nvidia's H200 chips to China are unlikely to achieve a substantial breakthrough in the short term. Nvidia's share price fell toward $230 at one point, a decline of over 3%, resulting in a market cap loss of approximately $170 billion (roughly RMB 1.1 trillion).