AGP Executive Report
Last update: 9 hours agoSpaceX IPO Watch: SpaceX is targeting a $135 per share price and a record $75bn raise in an all-primary IPO at a $1.75tn valuation, but Morningstar cut its valuation to $780bn, citing uncertainty around the AI business (xAI/X) and unproven tech. AI Investment Debate: Goldman Sachs’ Jim Covello says the AI industry’s profit case is getting worse as spending rises faster than returns, with value still accruing mainly to semiconductors. AI Infrastructure Funding: Megaport is launching a $594m raise after winning ~$329m of US AI infrastructure contracts, while AirTrunk plans a $21bn India data-centre build in Maharashtra. Energy Transition & Capex: Maharashtra cabinet approved a ₹31,000cr road improvement push funded partly by AIIB/NDB loans, and Servotech inked a Haryana MoU to invest ~₹400cr for EV chargers/solar/BESS manufacturing. Commodities: HSBC flagged metals “super-squeeze” risks as copper and aluminium rally on supply disruption fears and strong demand tied to energy transition and AI. Banking/Capital Markets: Blackstone and Nippon Life expanded private credit ties, with Nippon Life set to allocate about $10bn over five years. Policy & Markets: Shanghai set a goal to grow asset management scale to CNY55tn by 2030, pushing cross-border yuan allocation and risk management.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
Perspectify News
