Mirae Asset Securities will begin accepting subscriptions for SpaceX's IPO from professional individual and corporate investors on May 5th. The minimum investment is $100,000, with a total offering size of around $500 million. Korea Investment Trust Management also announced its participation, planning to allocate shares to its space-focused ETFs and funds.
Investors anticipate larger hotel conversion transactions as financing improves, with a shift towards institutional-grade assets attracting insurers, sovereign wealth funds, and private equity firms.
Bitcoin faces pressure as rising Treasury yields and ETF outflows challenge its price. Fund managers are rotating out of bonds into equities, a crowded trade that leaves BTC vulnerable to macro shifts. A disorderly yield spike could push BTC towards $58,000, while yield relief might see it target $112,000.
Greg Abel led Berkshire Hathaway's annual meeting for the first time, delivering detailed operational insights across the conglomerate's businesses. Shareholders and analysts gave broadly positive reviews, praising his grasp of the company's subsidiaries and confidence in leadership continuity. However, many noted the absence of Warren Buffett's characteristic humor and storytelling. AI emerged as a key theme, with Abel discussing technology applications at BNSF Railway and data center growth opportunities for Berkshire's utility operations. Some investors expressed disappointment with the pace of share repurchases, which totaled $235 million in Q1.
Cathay Pacific Airways has raised HK$2.08 billion (US$265.4 million) by selling Hong Kong dollar-denominated bonds to boost its working capital, tapping the public bond market for the first time. Hong Kong’s flag carrier said on Friday that the bond issuance was the biggest of its kind by a locally based, non-public sector company. The three-year bonds, which carried a fixed interest rate of 3.78 per cent, were sold mainly to professional investors such as asset managers, banks and private...
