Elon Musk plans to settle with the SEC over Twitter shareholding disclosure issues, paving the way for SpaceX IPO.

金色财经2026/03/18 23:13

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Jinse Finance reported on March 19, citing AXIOS, that according to a court filing by the U.S. Securities and Exchange Commission (SEC), Elon Musk is engaged in settlement negotiations with the SEC regarding his failure to disclose the purchase of Twitter stock before issuing a takeover offer in April 2022. The report states that SpaceX bankers hope to resolve this matter before potentially launching the largest IPO in history. According to regulations, investors who purchase 5% or more of a listed company’s shares must disclose their ownership within 10 days of the purchase. However, Musk disclosed his holdings 21 days after reaching that threshold. He also submitted a “13G” form, which is intended for passive investors, instead of the “13D” form designed for activist investors, including those intending to make a takeover offer. Earlier this month, Musk’s lawyers told the court that, at least to some extent, these settlement negotiations were conducted without the involvement of the SEC enforcement attorneys responsible for the case.

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On October 9, shares of Australian QBE Insurance Group (QBE.AX) continued their upward trend, rising 1.8% to AUD 24.805, reaching the highest level since August 5. The stock has gained approximately 4.2% this week and is on track for its best weekly performance since early June. Earlier this week, Citi noted in a report that the insurer stands out from its domestic peers due to its ability to achieve at least mid-single-digit, volume-driven gross written premium (GWP) growth while maintaining underwriting margins. The broker upgraded the stock's rating to "Buy" and raised its target price by 10.3% to AUD 26.70. The report also stated that QBE has currently reached a total premium income of USD 1.5 billions and is expected to increase to USD 2.5 billions in the medium term. Citi added that it remains optimistic about the stock thanks to enhanced earnings stability brought by prudent reserving. So far this year, QBE shares have risen about 25%.

路透社•2026/10/09 03:51

Nvidia Stock Faces Critical Warning Sign. Is the AI Trade Breaking?

BeInCrypto•2026/10/09 03:45

Deutsche Bank estimates the impact of rising interest rates: US major banks face capital pressure, and stock buybacks may collectively hit the brakes.

Deutsche Bank recently released an industry research report focusing on the capital pressure faced by large US banks amid a significant rise in interest rates expected in Q3 2026.

智通财经•2026/10/09 03:42