Movement Alert｜Lens Technology Rises 5.27% in Regular Trading, SpaceX Record IPO Boosts Commercial Aerospace Sector

Market Focus06-15 09:42

On June 15, Lens Technology rose 5.27% in regular trading, reaching HKD 25.22 per share, with turnover of HKD 188 million.

On the news front, SpaceX landed on Nasdaq at a USD 1.75 trillion valuation, raising USD 75 billion and surpassing USD 2 trillion in market cap on its first trading day, becoming the world's seventh-largest tech company and setting the record for the largest IPO in history. The commercial aerospace sector rallied broadly. Lens Technology, as one of SpaceX's core suppliers, has previously made strategic deployments in the commercial space domain.

Additionally, on June 12, the company announced that its wholly-owned subsidiary Lens Optoelectronics completed the acquisition of controlling stake in Tongsheng Optoelectronics, a leading hollow-core fiber enterprise, formally entering the AI computing optical transmission segment. The convergence of multiple catalysts — SpaceX IPO tailwinds, supply chain re-rating, and new business expansion into optical communications — drove the stock's rebound from recent lows caused by Q1 losses and M&A-related funding concerns.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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