HK Stock Market Move | Goldwind Science & Technology (02208) rose more than 4%. SpaceX has secretly submitted an IPO application. The company holds equity in Blue Arrow Aerospace.

Goldwind Science & Technology (02208) rose more than 4%, rising 4.19% as of the time of writing, at HK$16.16, with a trading volume of HK$331 million. On the news front, according to market media reports, SpaceX is currently planning to lead potential major investors to visit its bases in California and Texas to showcase its facilities. The company has secretly submitted an application for listing, seeking to raise up to $75 billion at a valuation of over $2 trillion. Informed sources revealed that SpaceX is expected to formally submit its IPO application in late May, with the IPO expected to be priced around the week of June 15th. Public information shows that Goldwind Science & Technology produces green methanol using "wind power + green hydrogen + biomass", and cracks it into liquid oxygen methane rocket fuel (used by Blue Arrow Zhuque III), realizing an autonomous and controllable fuel supply chain, zero carbon, and low cost, which is more advantageous in the long run compared to SpaceX's liquid oxygen kerosene route. Goldwind Science & Technology holds a 4.14% stake in Blue Arrow Aerospace through its subsidiary, and the expected IPO of Blue Arrow is expected to increase significantly in value due to the strengthening sentiment of SpaceX going public.