Jiangsu Haifa Machinery Manufacturing Co., Ltd.

At the recently concluded Xi-Trump meeting, aside from the heads of state of China and the United States, an American entrepreneur became the focus of media attention. This entrepreneur, who brought his 6-year-old son into the Great Hall of the People for the meeting, frantically took photos with his phone during the military parade, and unabashedly made faces at media cameras during the state banquet, is Elon Musk—also the owner of social platform X, Tesla, and many other well-known companies. On Wednesday (May 20), he announced new plans to push for the listing of his space, SpaceX. The current prospectus does not specify the exact amount he hopes to raise, but multiple media outlets report that the scale could be as high as approximately $75 billion. To put this in perspective, the current record holder for the largest initial public offering (IPO) is Saudi Aramco, which went public seven years ago and raised $26 billion. This means that if the listing succeeds, Musk’s company would far surpass that record. However, SpaceX is still operating at a loss. Last year, the company generated $18.7 billion in revenue but had an operating loss of $2.6 billion, and losses have continued to widen since the beginning of this year. SpaceX, full name Space Exploration Technologies Corp., operates Starlink, the world’s largest satellite communications company and a key source of cash for SpaceX. Jiangsu Haifa Machinery Manufacturing Co., Ltd. was restructured from Jingjiang Stainless Steel Pump Valve Factory, a subsidiary of Jiangsu Ligong Group Co., Ltd. and the Iron and Steel Research Institute of the Ministry of Metallurgical Industry, originally established in 1958. The company primarily produces API610 chemical process pumps—OH1, OH2, OH3, OH4 pumps, BB1, BB2, BB3, BB4, BB5 multistage pumps, VS1, VS4, VS5, VS6 barrel-type pumps, HES chemical process pumps, chemical pumps, petrochemical pumps, sixth-generation ultra-low carbon stainless steel high-quality leak-proof molten urea pumps, urea hydrolyzer feed pumps, high-temperature asphalt pumps, pitot tube pumps, rotary jet pumps, molten salt pumps, vertical sump pumps, magnetic drive pumps, low-temperature liquid hydrogen pumps, high-temperature nitric acid magnetic drive pumps, magnetic pumps for conveying solid-containing media, industrial pumps, canned motor pumps, slurry pumps, titanium tetrachloride pumps, strong self-priming pumps, fluoroplastic-lined pumps, clamp-lined fluoroplastic pumps, leak-proof pumps, alkali pumps, pumps, oil pumps, axial flow pumps, printing and dyeing pumps, dyeing and finishing pumps, Ti alloy pumps, C-276 material, Hastelloy, 316L, forced circulation pumps, special pumps for filter presses, long-shaft vertical sump pumps, CQC first-level energy-efficient chemical pumps, high-pressure descaling industrial pumps, and Chinese chemical pumps. www.jslgpump.com Contact: 13905263417 E-mail: jslgpump@gmail.com E-mail: jsareva@163.com