SpaceX has raised its target valuation for its first public offering (IPO) to $200 billion, exceeding most S&P 500 companies. The company plans to meet with potential investors in the coming weeks to share information supporting that valuation.

Gate News update: On April 1, according to 8marketcap data, Bitcoin (BTC)’s current market cap is approximately $1.37 trillion. In the global asset market cap ranking, it ranks 14th, down 2 places from before. Meta Platforms (Facebook) ranks 12th with approximately $1.447 trillion in market cap; Tesla ranks 13th with approximately $1.394 trillion—both have surpassed Bitcoin.

Gate News message, April 1, bolstered by a significant cooldown in U.S.-Iran geopolitical risk, U.S. equities’ tech seven giants (Meta, Nvidia, Google, Tesla, Amazon, Microsoft, Apple) all rebounded across the board today. Among them, Meta and Nvidia led the gains with 6.67% and 5.59%, respectively, while Google, Tesla, Amazon, Microsoft, and Apple rose in tandem by 2.9% to 5.14%, respectively. The easing of the geopolitical situation effectively lowered the global risk premium, prompting capital to flow back into high-beta growth assets.

This week, U.S. stocks fell across the board, with the S&P 500, Nasdaq, and Dow Jones indices all setting records for the longest five-week losing streak since 2022, and the market value of tech stocks shrinking by $870 billion. Meta plummeted approximately 12% due to a double blow from lawsuits and layoffs, with over half of the overall market entering a technical bear market.

Ark Invest, owned by Cathie Wood, conducted a large-scale selloff of tech stocks and crypto assets on March 27, including selling about $41 million worth of Meta and $26 million worth of Nvidia stock, while also reducing its holdings in its own Bitcoin ETF and shares in multiple crypto companies.

The Nasdaq confirms it has entered a correction zone, while Brent crude oil surges past $108. The chip smuggling case has escalated from the courtroom to Capitol Hill, and Apple is turning Siri into an AI supermarket. 1｜The Nasdaq confirms a correction, with oil prices, war, and AI fatigue simultaneously weighing on tech stocks ---------------------------- The Nasdaq dropped 2.38% on Thursday, falling 11% from its record high on October 29 last year, officially confirming it has entered a correction zone. The S&P 500 declined 1.74% to 6,477 points, marking its largest single-day decline since January. The Dow Jones Industrial Average fell 1.01% to 45,960 points. Tech stocks were the hardest hit. Meta declined nearly 8%, with a verdict related to a social media addiction misconduct case serving as the direct trigger. AMD dropped over 7%, and Nvidia fell more than 4%.

On March 27, Cathie Wood of Ark Invest conducted a large-scale sell-off of technology stocks and crypto ETFs, involving Nvidia, META, and Bitcoin ETFs, with a total value of approximately $73.35 million.

On March 26,, Cathie Wood's Ark Invest fund sold off a large amount of tech stocks and crypto ETFs, involving approximately 155,441 shares of Nvidia, about 76,622 shares of META, as well as 408,000 Bitcoin ETFs and nearly 200,000 shares of Bullish stocks.

Meta has launched a new stock option incentive plan requiring executives to increase the company's market value to $9 trillion by 2031 to realize the full value of the grants. This marks the first stock option awards since the company's 2012 IPO, involving six core executives. Meta's plan is similar to Tesla's approach but with tighter time requirements. Increased competition for AI talent has raised stock compensation costs, with projected 2025 spending expected to consume 96% of free cash flow.