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On June 4, the S&P 500 index turned positive. Currently, the Dow Jones Industrial Average is up 1.50%, the S&P 500 index is up 0.02%, and the Nasdaq Composite Index is down 0.6%.

Glonghui, June 4 — Space concept stocks soared: Momentus surged over 24%, Virgin Galactic rose over 18%, Redwire gained over 17%, York Space Systems climbed over 7%, while Boeing, GE Aerospace, and Rocket Lab were up nearly 3%. According to reports, a document submitted by SpaceX to the US SEC on Wednesday revealed that it plans to fix the offering price at $135 per share before officially launching its IPO roadshow, aiming to raise $75 billion. At this offering price, SpaceX's valuation would reach $1.77 trillion, making it the seventh-largest listed company in the US, surpassing Tesla’s current valuation of around $1.6 trillion. SpaceX plans to be officially listed on the Nasdaq on June 12. In its prospectus, spanning hundreds of pages, SpaceX pegged its Total Addressable Market (TAM) at an unprecedented $28.5 trillion.

Among the component stocks, UnitedHealth rose by 5.7%, Merck by 4.4%, American Express by 4%, Visa by 3.5%, Boeing by 2.6%, and Goldman Sachs by 2.4%. The Philadelphia Semiconductor Index fell by more than 6.29%, hitting a new intraday low and approaching the 13,000-point mark, retreating from the historic high set on June 3. Broadcom maintained a drop of over 15%, steady near the intraday low at $403.01; Arm Holdings fell by 7.3%, Micron Technology by 7.2%, Coherent by 5.9%, Lumentum by 5.8%, ASE Semiconductor by 5.1%, UMC by 5%, Rambus by 4.8%, AMD by 4.7%, Silicon Motion Technology by 4.1%, STMicroelectronics ADR by 4.2%, Qualcomm by 4%, Semiconductor Sector ETF by 3.9%, Semiconductor ETF by 3.3%, and Analog Devices by 2.8%.