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On June 3, Bloomberg reported that sources revealed on Tuesday that Elon Musk's rocket and satellite company SpaceX plans to raise at least $75 billion through a record initial public offering (IPO). According to insiders, after preliminary discussions with investors, the company has set a target valuation of $1.75 trillion, including a greenshoe option. This greenshoe option allows underwriters to issue additional shares if investor demand exceeds expectations. However, sources cautioned that plans, including the fundraising scale, may change as investor meetings progress. Insiders noted that this IPO is expected to adopt a new share issuance structure, meaning all raised funds will belong to the company rather than existing shareholders.

```htmlGolden Ten Data reported on June 3 that a shell company linked to Musk has purchased properties in recent weeks in a rural area outside Houston, USA, suggesting it may be finalizing a site for the planned $55 billion chip factory Terafab. The Terafab project is jointly promoted by SpaceX, Tesla, and xAI, aiming to provide chip support for artificial intelligence and robotics projects, with a total investment of up to $119 billion. Land registration records show that a company called "WIT Tech LLC" has acquired at least six plots in Grimes County, with a total area of over 6,000 acres (nearly 10 square miles). The transaction amount has not been disclosed.```

If the fund must withdraw from every company supplying fundamental technical services to the weapons industry, it will be unable to maintain its footing in the entire technology sector. The fund’s managing institutions follow ethical guidelines decided by the Norwegian parliament. These guidelines became a focal point of controversy last year and triggered a review of the framework for the exclusion mechanism.