8:15 Highlights: SpaceX Prepares for IPO, Elon Musk May Become World's First Trillionaire; 1992-Born Tech Geek Chen Yusen Takes Over as DingTalk CEO; Bill Gates Attends Congressional Hearing on Epstein Case

According to the statement released by SpaceX on its official website on June 11, the company is offering 555.6 million shares in this IPO at an issue price of $135 per share.

Today's Hotspot Guide

OpenAI is considering significantly lowering the prices of its products and is expected to compete with Anthropic for users.
The trading volume of World Cup champion contracts on the world's two major prediction platforms has exceeded $2 billion, and it is expected to break the single - item record.
SK Hynix's equipment suppliers are demanding price increases.
Air ticket prices are plummeting before the Dragon Boat Festival.
On the eve of SpaceX's listing, US space stocks are having a pre - listing frenzy.

TOP 3 Big News

SpaceX is about to go public, and Elon Musk may become the world's first trillionaire

It is reported that SpaceX will be listed on the Nasdaq on June 12th, Eastern Time, with the stock code SPCX. According to a statement released by SpaceX on its official website on June 11th, the company will issue 555.6 million shares in this IPO at an issue price of $135 per share, raising a total of $75 billion. The scale of SpaceX's IPO fundraising is more than twice the $29.4 billion listing record set by Saudi Aramco in 2019. The statement shows that SpaceX has also granted the underwriting banks an over - allotment option to purchase an additional 83.3 million shares at the issue price. If this option is fully exercised, the IPO financing scale will increase to approximately $86 billion. If priced at $135, combined with Tesla's approximately 15% stake and other assets, Elon Musk's net worth will exceed $1 trillion, making him the world's first trillion - dollar billionaire. (Sina Finance, Sanyan Technology)

DingTalk Changes Leadership: 1992-born Tech Geek Chen Yusen Takes Over as CEO of DingTalk

36Kr learned that on June 11th, Alibaba announced a management adjustment for DingTalk: Chen Hang stepped down as the CEO of DingTalk, and Chen Yusen, a 1992-born tech geek, took over. After taking over as the CEO of DingTalk, Chen Yusen became the youngest division CEO at Alibaba. Born in 1992, Chen Yusen is a tech geek who became well - known at a young age. He is also a serial technology entrepreneur and was included in the Forbes Asia "30 Under 30" list. He has won numerous championships in top - level computer competitions at home and abroad. The cybersecurity company Chaitin Tech, which he founded at the age of 22, was acquired by Alibaba Cloud. In 2025, he started an internal venture at Alibaba Cloud and led the development of the AI Agent product MuleRun.

Bill Gates Testifies Before Congress, Says Epstein Pressured Him with Extramarital Affairs

On June 10th, Eastern Time, Bill Gates, the former world's richest man and co-founder of Microsoft, concluded a closed-door hearing before the House Oversight and Government Reform Committee. During the testimony, lawmakers mainly inquired about the details of their interactions, financial exchanges, and whether Gates was aware of Epstein's criminal activities. Gates denied participating in Epstein's illegal acts, reiterated his regret for knowing him, and once again apologized to the employees of the Gates Foundation for his past interactions with Epstein. Gates published his testimony of that day on his personal website. Gates emphasized that during that period, Epstein implied that he knew about several of his extramarital affairs and used this to pressure him to re - establish contact. Epstein hoped to gain access to high - level political and business figures in the United States through his association with Gates to build his own power network. (China Newsweek)

The Cutting - Edge of AI

OpenAI is considering a significant price cut for its products and anticipates a user battle with Anthropic

To compete for customers from its rival Anthropic, OpenAI is considering a substantial reduction in its user - facing pricing. According to people familiar with the matter, the company plans to significantly lower the unit price of token billing. Tokens are the unit of measurement for AI companies to calculate product costs. This move is intended to counter a price - cut initiative that Anthropic is also expected to launch. Currently, corporate executives have begun to resist the high cost of using AI. Sam Altman, the CEO of OpenAI, admitted in a recent event that the cost issue has become a major problem. (Sina Finance)

Anthropic CEO Warns Again about AI Risks

On June 11th Beijing time, Dario Amodei, the CEO of Anthropic, spoke out again about AI safety. Amodei believes that the development of AI far exceeds the speed that policy processes were designed to accommodate. In the "Artificial Intelligence Index Policy", he stated that in the past four years, AI models have made great progress. It is estimated that with the continuous improvement of computing power, the general cognitive ability of AI will grow exponentially. However, compared with the development speed of AI, policies, especially legislation, are advancing extremely slowly. Amodei said that the government has significant power, but it is usually not advisable to exercise it hastily. But this mismatch in time scales may result in: within the cycle when it takes Congress several years to take action, AI has evolved from an interesting toy to a realm that brings together geniuses. (Yicai Global)

Alibaba Cloud Meoo CLI Released: Local AI Programming Projects Can Be Directly Deployed Online

36Kr learned that Alibaba Cloud Meoo has launched the open - source command - line tool Meoo CLI. After installation, local AI programming assistants such as Claude Code, Codex, and Cursor can use this tool to access cloud capabilities, complete database access, user login, file storage, and project publishing, and push local projects to an online - available state.

Google Launches Open-Source Model DiffusionGemma

On June 10 local time, Google released the experimental open-source model DiffusionGemma, which adopts a text diffusion architecture. On dedicated GPUs, the text generation speed is up to 4 times faster than that of traditional autoregressive large language models. The model is released under the Apache 2.0 license. Google said that DiffusionGemma is positioned as an experimental model for researchers and developers, and the overall output quality is lower than that of the standard Gemma4. It is still recommended to use the latter in production environments. The speed advantage of this model is mainly reflected in local and low-concurrency inference scenarios, and the advantage is limited in high-concurrency cloud deployments. (Jiemian News)

Big Companies/Big Events

About 400 SpaceX Employees with Stock Holdings Could Be Worth $100 Million

According to Cailian Press, on June 11th, aerospace technology and artificial intelligence company SpaceX is set to go public on Friday. As previously reported, the subscription demand for the company's IPO exceeded four times the issuance size, with the total subscription volume surpassing $250 billion, far exceeding the planned fundraising target of $75 billion. The hot IPO has also left employees holding SpaceX stocks full of anticipation. SpaceX has 22,000 employees and hundreds of former employees who have already left the company, including engineers and blue - collar workers at the launch site. According to an analysis by San Francisco investment platform Hill.com, more than 4,400 current and former employees of SpaceX are expected to become millionaires in the IPO. Among them, about 400 people are predicted to amass wealth of $100 million or more. Andrew Benson, the founder and CEO of Hill.com, pointed out that in most IPOs, usually only the founders become billionaires. It is quite rare that SpaceX is pushing 400 people to reach the $100 - million net - worth threshold, indicating that the company is creating huge wealth. (Cailian Press)

The trading volume of World Cup champion contracts on two major global prediction platforms has exceeded $2 billion, expected to break the single - item record

Data shows that the trading volume of event contracts regarding the champion of this World Cup on two major global prediction market platforms (Polymarket and Kalshi) has exceeded $2 billion. This makes the event expected to break the trading record of single - item prediction market contracts. (Caixin Press)

Li Shufu Steps Down as Chairman of Zeekr

According to Tianyancha App, recently, industrial and commercial changes have taken place in Zhejiang Zeekr Intelligent Technology Co., Ltd. Li Shufu stepped down as chairman, and An Conghui stepped down as the legal representative. Gan Jiayue took over as the legal representative. The company was established in July 2021 with a registered capital of 13 billion RMB. Its business scope includes data processing services, data processing and storage support services, Internet data services, big data services, etc. It is wholly owned by Zeekr Technology Limited. (Securities Times)

SK Hynix Equipment Suppliers Demand Price Hike

Tianyancha App shows that recently, Zhejiang Geely Geometry Intelligent Technology Co., Ltd. underwent industrial and commercial changes. Li Shufu stepped down as the chairman, and An Conghui stepped down as the legal representative. Gan Jiayue took over as the legal representative. The company was established in July 2021 with a registered capital of 13 billion RMB. Its business scope includes data processing services, data processing and storage support services, Internet data services, big data services, etc. It is wholly owned by Zeekr Technology Limited. (Securities Times)

Lin Xi, the person in charge of Doubao mobile phone hardware, has left the company. He used to work at Huawei

On June 11th, according to a report from the Science and Technology Innovation Board Daily, Lin Xi, the person in charge of the hardware products of Doubao mobile phones under Ocean, the core AI hardware team of ByteDance, has recently left the company. This is also the first departure of a core hardware management personnel since ByteDance launched its AI mobile phone project in 2024. Jiemian News has reached out to ByteDance for verification, but as of press time, there has been no response. Public information shows that before joining ByteDance, Lin Xi had a long - term tenure at Huawei Terminal, mainly serving as the person in charge of the hardware products of the Pura X wide - fold mobile phone. The Pura X is Huawei's first "wide - fold" flagship mobile phone and also the world's first mass - produced folding screen with a 16:10 wide inner screen. The product was launched in March last year, with a starting price of 7,499 yuan. The pre - order volume reached 1.2 million units within 48 hours of the first sale, and the activation volume in the first week was nearly 100,000 units. (Science and Technology Innovation Board Daily)

LABUBU Appears at the Opening Ceremony of the 2026 World Cup

On June 12th, Beijing time, the opening ceremony of the 2026 FIFA World Cup jointly hosted by the United States, Canada and Mexico officially kicked off. LABUBU, an IP under Pop Mart, appeared as a special guest at this world - class sports stage. At the opening ceremony, two LABUBU figures wearing football jerseys made their debut at the World Cup. Appearing in the adorable and enthusiastic posture of football fans, they also enabled the Chinese original IP to step onto the international sports arena. The co - branded series of Pop Mart's THE MONSTERS and the FIFA World Cup has been officially on sale. (Yicai Global)

Seven Third - Party Platforms Involved in Train Ticket Sales Were Summoned for Talks

On June 11, the State Administration for Market Regulation, together with the Cyberspace Administration of China and the National Railway Administration, summoned seven third - party platform enterprises, including Ctrip, Tongcheng, Qunar, Fliggy, Meituan, Zhixing Train Tickets, and Gaotie Guanjia, in accordance with the law. The summons was in response to their non - standard business practices, such as improper promotion of the "Standby Ticket Snatching" service and paid seat selection services, improper inducement of users to "buy a longer - distance ticket and take a shorter - distance ride" or "buy a shorter - distance ticket and take a longer - distance ride", and improper collection and use of personal information of platform users. (CCTV News)

Hive Box Responds to "Viewing Ads Before Picking Up Parcels"

Recently, citizens in many places have reported that "when picking up parcels from Hive Box express lockers, ads will frequently pop up and redirect to other platforms", which has sparked continuous discussions among netizens. On June 10, Hive Box told a reporter from N Video of Southern Metropolis Daily that "an option to turn off 'ad display' has been provided in the Hive Box App, and the relevant interface has been optimized recently. Currently, Hive Box is communicating with relevant platforms that may redirect ads." (Southern Metropolis Daily)

iOS 27 Breaks 15-Year Muscle Memory: Notification Swipe-Down Gesture Yields to Siri AI

According to IT Home on June 11th, in the iOS 27 and iPadOS 27 systems, Apple has adjusted the operation gesture for the notification center, breaking the 15-year muscle memory of iPhone and iPad users. Since Apple launched iOS 5 in 2011, users could view the notifications of various apps arranged in chronological order by swiping down from the center of the top of the screen. However, in the iOS 27 system, after Apple enables Siri AI, swiping down from the center of the top of the screen will bring up a brand - new Siri AI experience. Nevertheless, the notification center has not disappeared, and users can access it by swiping down from the top - left corner. The last time Apple made such a major adjustment to the gesture was in the iPhone X era, when the control center was changed from swiping up from the bottom to swiping down from the top - right corner. Apple then unified this interaction method across all devices. Now it's the turn of the notification center to be re - positioned. (IT Home)

Meituan, Taobao Flash Purchase, and JD Delivery Sign Collective Agreement to Establish a "Blacklist" Sharing Mechanism

36Kr learned that on June 11th, the Guangdong Provincial Market Supervision Administration held a signing event for the self - discipline convention and collaborative co - governance agreement of online food delivery platforms. At the event, witnessed by relevant officials of the Guangdong Provincial Market Supervision Administration, three online food delivery platforms, Meituan, Taobao Flash Purchase, and JD Delivery, jointly signed the "Self - Discipline Convention for High - Quality Development and Food Safety in the Online Food Service Industry in Guangdong Province". The full text of the convention consists of five chapters and twenty - one articles, closely adhering to the core requirements of the "Regulations on the Supervision and Administration of Online Food Service Operators' Implementation of the Main Responsibility for Food Safety" (Order No. 123 of the State Administration for Market Regulation). It makes clear agreements on aspects such as the platform's main responsibility, management of online food merchants, care for delivery personnel, and social co - governance. For the first time, it proposes to establish a cross - platform "blacklist" sharing mechanism to implement cross - platform joint restrictions on seriously illegal merchants, achieving the goal of "one violation, restricted across the entire network".

Ideal Legal Department: Reported to the police regarding a company's use of AI to generate a large amount of false content

On June 11th, the legal department of Li Auto issued a statement: Recently, our company has officially reported to the public security authorities about a cultural media company in Jiangxi using AI tools to generate a large amount of false content related to Li Auto. The relevant law - enforcement departments have conducted investigations and taken actions in accordance with the law, and the involved institution has publicly apologized for the above - mentioned behavior. In recent years, malicious slander and rumor - spreading behaviors targeting our company's product series, brand, and users have continued to occur. These illegal acts mainly involve fabricating and spreading a large amount of false content about Li Auto owners in a systematic way to stigmatize the user group and damage the company's brand reputation. We strictly distinguish objective criticism and supervision from malicious rumor - spreading and slander. We humbly listen to the former and firmly fight back against the latter. When lawbreakers start using AI tools to spread false information in large quantities, we will not hesitate to pick up the legal weapon. (Yicai Global)

Airfare Drops Ahead of the Dragon Boat Festival

As the Dragon Boat Festival and the summer vacation approach, civil aviation transportation has entered its peak season again. Recently, at Shenzhen Airport, many passengers have traveled in advance to avoid the peak travel period. Some passengers told CCTV Financial reporters that if they fly from Shenyang for a trip and return on non - holiday days, they can save 1,000 yuan per ticket. In the week before the Dragon Boat Festival, flights from Shenzhen to Hangzhou, Guiyang, Haikou, Wuhan and other places cost only over 200 yuan, which is only half or even one - third of the average price in July. The prices of long - haul flights to northern regions are even more cost - effective. Statistics from online travel platforms show that as of now, the number of off - peak flight ticket bookings before the Dragon Boat Festival (from June 1st to June 15th) has increased by 19.6% compared with the same period last year. (CCTV Financial)

Spot gold has fallen below the $4,100 mark, hitting a new low for the year. The prices of gold jewelry from multiple brands have dropped by nearly 40 yuan per gram compared to yesterday.

On June 11th, gold and silver prices tumbled again. In the early Asian session, spot gold continued to decline, hitting an intraday low with a drop of over 1%, reaching $4,023.1 per ounce, the lowest level since November 2025. COMEX gold futures dropped by more than 2% at the lowest point, reaching $4,046.2 per ounce. In the early trading of spot silver, it hit a low of $62.002 per ounce, just one step away from the low of $60.85 per ounce in March this year. A comparison of domestic gold jewelry prices on June 11th shows that the prices of gold jewelry from multiple brands have dropped by nearly 40 yuan per gram compared to yesterday, generally ranging from 1,236 to 1,240 yuan per gram. Chow Tai Fook quoted 1,238 yuan per gram, Chow Sang Sang quoted 1,240 yuan per gram, and Lao Miao Gold quoted 1,238 yuan per gram. (Jiemian News)

The European Central Bank Announces a 25-Basis-Point Interest Rate Hike

On June 11th local time, the European Central Bank announced a 25-basis-point increase in the three key interest rates in the eurozone. The deposit facility rate, the main refinancing rate, and the marginal lending rate in the eurozone are now 2.25%, 2.40%, and 2.65% respectively. At the beginning of this month, preliminary data released by Eurostat showed that the Consumer Price Index (CPI) in the eurozone rose by 3.2% year-on-year in May, reaching the highest level since September 2023. The year-on-year increase in energy prices in the eurozone has exceeded 10% for two consecutive months. Analysts believe that against the backdrop of rising energy prices triggered by the Middle East conflict, which has led to a resurgence of inflationary pressures in the eurozone, the European Central Bank hopes to curb inflation through interest rate hikes before the cost shock further spreads to the overall economy. (CCTV Finance)

Anker Innovations CEO Says Power Banks Will Likely Die Out in a Few Years

Recently, Yang Meng, the founder of Anker Innovations, said in an interview that power banks will not only fail to become a product category worth tens of billions of dollars, but may even disappear in a few years. Yang Meng compared power banks with MP3 players, cassette players, and CD players, saying that for electronic products, the time span from the start of people buying them to the end of people buying them is only about 10 years. Public information shows that Anker Innovations was founded in 2011 and owns brands such as Anker, Soundcore, and eufy. It once opened up the overseas market with products like power banks and was known as the "king of power banks." In 2025, the company's revenue was 30.514 billion yuan, a year-on-year increase of 23.49%. Among them, the charging and energy storage business achieved an income of 15.402 billion yuan, accounting for about half of the total revenue. Traditional power banks are no longer its core source of income. (Jiemian News)

Yu Donglai Says Fat Donglai Employees Aren't Worth So Much and Will Be Doomed Outside

On June 10th, Yu Donglai said at an internal meeting of Fat Donglai that the company has been using salaries that exceed employees' expectations to stimulate enthusiasm for 30 years, but it's also easy to create a sense of "spoiling". He said that employees actually aren't worth that much money, and high salaries can lead to cognitive biases, making people really think they're worth that price. Employees will feel proud and happy within Fat Donglai, but once they leave, they'll be "doomed". He admitted that his excessive tolerance has actually harmed his family and the enterprise. (Jiemian News)

The A-share market has once again entered the discussion window for the "World Cup Curse".

According to the schedule, the current World Cup will be held from June 11th to July 19th in the United States, Canada, and Mexico. With 48 teams participating, 104 matches, and a 39-day tournament period, all these figures have reached new highs in the history of the World Cup. Since most of the matches are scheduled during the early morning to morning hours in Beijing time, they have also been included in the scope of sports event economic observation by many securities firms. However, the common judgment given by securities firms is not radical: there is indeed a certain decline in trading enthusiasm and periodic weakness during the World Cup window, but the so - called "World Cup Curse" is not a stable and effective timing rule. Instead of focusing on the rise and fall of the index, the market should return to the current capital environment, industrial mainlines, and the window for mid - year report verification. In other words, the World Cup can bring emotional disturbances and consumption themes, but it is difficult to change the original operating logic of the A - share market. (Caixin Press)

On the Eve of SpaceX's Listing, U.S. Space Stocks Rave in Advance

On June 11th, U.S. space stocks collectively rose in after - hours trading. DXYZ rose more than 8%. Rocket Lab (RKLB.US), AST SpaceMobile (ASTS.US), Redwire (RDW.US), and Intuitive Machines (LUNR.US) all rose more than 2%. According to the news, SpaceX, owned by Tesla (TSLA.US) CEO Elon Musk, will be listed on the Nasdaq on June 12th local time. SpaceX has attracted investment demand of over $250 billion, far exceeding its planned fundraising scale of $75 billion. The over - subscription rate of this IPO has reached 3.5 to 4 times, and it is expected to become the largest IPO in history. (Financial News)

The State Post Bureau has launched a case - based investigation against J&T Express Co., Ltd. in accordance with the law

Since the beginning of this year, enterprises operating express delivery services under the trademarks, trade names, and express waybills of "J&T Express" have experienced multiple production safety accidents. Hidden production safety hazards have been repeatedly discovered during inspections at their premises. J&T Express Co., Ltd. has failed in the safety production management of J&T Express - related enterprises and has not implemented unified safety guarantee management as required. The State Post Bureau has launched a case - based investigation against J&T Express Co., Ltd. in accordance with the law.

In response, J&T Express told reporters that J&T Express in the Chinese market attaches great importance to this, sincerely accepts it, firmly obeys, and fully cooperates with all the investigation work carried out by the competent authorities in accordance with laws and regulations. (CCTV News, 21st Century Business Herald)

WeChat Chat Now Supports "Combined Image Sending"

On June 11th, according to WeChat's official account, WeChat chat now supports "combined image sending". When sending 3 or more pictures or videos, you can see the option of "combined display after sending". The sent pictures can be expanded or collapsed, and you can switch the state with a single click. In addition, you can save all the content of the "combined display" with one click or forward it to other friends. (Jiemian News)

Dealers Respond to the Drastic Price Drop of Land Rover Range Rover Evoque L to Over 170,000 Yuan: It's True

Recently, there have been reports that the price of the Land Rover Range Rover Evoque L has dropped sharply. Currently, the transaction prices in some terminal markets have fallen to 179,800 yuan or even lower. Compared with the official starting price of 429,800 yuan, the decline is nearly 60%. On June 11th, Jiemian News called the Jaguar Land Rover Sihui store in Beijing regarding the price cut of the Range Rover Evoque L. A relevant staff member said, "The full - price of the SE - configured bare car is 185,000 yuan. With comprehensive discounts, the bare - car price can drop to over 170,000 yuan." A staff member of Beijing Zhongjin Jiewang Automobile Sales and Service Company also told Jiemian News that the current price of the bare - car SE is 185,000 yuan, and the HSE - configured one is 230,000 yuan. "There will be corresponding activities when you visit the store, and the final price will be more favorable." (Jiemian News)

The three major U.S. stock indexes closed higher collectively, and most large technology stocks rose

36Kr learned that at the close on June 11, the three major U.S. stock indexes rose collectively. The Nasdaq rose 2.54%, the S&P 500 index rose 1.75%, and the Dow Jones Industrial Average rose 1.86%. Most large technology stocks rose. Arm rose more than 11%, Intel rose more than 9%, Tesla rose more than 4%, Nvidia rose more than 2%, Amazon and Apple rose more than 1%, and Google rose slightly; Oracle fell more than 8%, Microsoft fell more than 1%, and Netflix and Meta fell slightly. Popular Chinese concept stocks had mixed performances. Futu Holdings rose more than 2%, Bilibili rose more than 1%, and NIO and Li Auto rose slightly; XPeng Group fell more than 2%, and Alibaba, JD.com, and Baidu fell more than 1%.

Investment and financing

German robotics company Neura Robotics completes $1.4 billion in financing, supported by Amazon, NVIDIA and other parties

On June 10, German robotics company Neura Robotics announced the completion of a record-breaking Series C financing. The total scale of this round can reach up to $1.4 billion, aiming to accelerate the construction of a globally leading physical artificial intelligence platform. This round of financing has received support from multiple parties such as Amazon, NVIDIA and the European Investment Bank. (Jiemian News)

Cool Products

Zhuimi Eclix's Yu Lei: An AI phone without an app is about to be launched

On June 10, Jiemian News exclusively learned that the Eclix team of the Zhuimi ecosystem brand has reached in - depth cooperation with a leading domestic large - model manufacturer. It is expected to release the first - generation AI phone in September 2026 and launch it before Double Eleven. The product is targeted at the high - end market, with a price of over 5,000 yuan. Currently, the R & D of the core team is nearly completed, and it is about to enter the whole - machine testing stage. The Eclix phone team was formed by Yu Lei, the former vice - president of Gionee Group. Yu Lei officially joined MOVA in March 2026 and serves as the person - in - charge of the phone and AI hardware business. (Jiemian News)

Zhiyuan Launches Lingxi X2 EDU (Human-Designed) Version for Diverse Scenarios in Science and Education Training

36Kr learned that on June 10th, Zhiyuan launched the Lingxi X2 EDU (Human-Designed) version, targeting diverse scenarios such as scientific research and education, engineering training, and robot competition development. It focuses on equipment disassembly and assembly training and software secondary development. According to the introduction, the Lingxi X2 EDU (Human-Designed) version emphasizes disassembly, expandability, and secondary development in its hardware design.

Compiled | Wang Yixuan