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Gold
4801.42
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Real-time News
On April 16th, a newly disclosed document revealed that Alphabet, Googles parent company, is poised to reap hundreds of billions of dollars in returns from its early investment in SpaceX. According to the filing submitted by SpaceX this week in Alaska, Google will hold a 6.11% stake in the company by the end of 2025. If SpaceX plans to achieve a valuation of $2 trillion or higher through its IPO, this stake would be worth $122 billion. However, after SpaceX merged with xAI in February, Googles stake has been diluted; it is estimated that its current stake is approximately 5%, worth about $100 billion at a $2 trillion valuation. In this disclosure, only Google and Elon Musk (who holds approximately 40% of the shares) are required to disclose their holdings, but several other individuals and institutions are also expected to gain billions of dollars from the IPO. Google first invested in SpaceX in 2015, participating in a $1 billion funding round with Fidelity Investments, acquiring a combined stake of approximately 10%.Market news: Googles parent company, Alphabet, is expected to reap a huge return of approximately $100 billion from its investment in SpaceX.Bank of England Governor Bailey: Tariffs are not the right way to solve imbalances.On April 16th, the Federal Reserve stated that economic activity in most parts of the United States continued to grow at a modest to slight pace, as the war with Iran triggered a new wave of uncertainty and energy costs rose. In its Beige Book released Wednesday, the Fed noted that overall price increases remained moderate, but energy and fuel costs rose "significantly" in all 12 Fed districts. The Fed stated, "The Middle East conflict is seen as a major source of uncertainty, increasing complexity for businesses in hiring, pricing, and capital investment decisions, with many adopting a wait-and-see approach." The report, compiled by the New York Fed, uses data up to April 6th and reflects the initial impact of the war on the U.S. economy. The oil price shock triggered by the conflict pushed up gasoline prices, driving U.S. inflation to its largest increase since 2022 in March. Several Fed policymakers have signaled a preference for maintaining stable interest rates for an extended period to assess economic data.According to Futures News on April 16, as of the close of trading at 2:30 PM, the main Shanghai Gold futures contract fell by 0.38%, the main Shanghai Silver futures contract rose by 0.10%, and the main SC crude oil futures contract fell by 0.17%.
