Top pension officials from New York and California have expressed concerns about SpaceX's upcoming IPO, criticizing its dual-class share structure that grants Elon Musk significant voting power and control. They warn that this 'most management-favorable' governance setup could allow Musk to bypass independent board requirements and maintain control as CEO, CTO, and chair. The officials urge SpaceX to adopt a one-vote, one-share structure and separate the CEO and chair roles to improve governance. SpaceX's IPO aims for a $1.75 trillion valuation amid ambitious but risky plans for orbital data centers and Mars colonization.
European stocks are expected to open higher amid ongoing political uncertainty in the UK, where Prime Minister Keir Starmer faces leadership challenges, and ahead of key UK GDP data. Investors are also focused on US President Donald Trump's visit to ...
UBS raised Tesla's price target to $364, noting the company's shift toward becoming a 'physical AI company' with increased investments in AI, robotics, and manufacturing infrastructure. Tesla raised its 2026 capital expenditure forecast from $20 bill...
The Trump-Xi summit in Beijing brings AI supply chains and chip export policies into sharp focus, with Nvidia CEO Jensen Huang joining the U.S. delegation. Nvidia's advanced chips face U.S. export restrictions limiting access to China, while China de...
Shares of U.S.-listed electric vehicle makers Lucid, NIO, and Tesla rose significantly in midday trading, reflecting a coordinated sector-wide buying driven by positive demand expectations and investor sentiment. Lucid surged 9%, NIO gained 7%, and T...
Ford Motor Company's stock rose about 7% to $12.82, marking its biggest single-day gain in weeks, driven by strong Q1 2026 earnings and an upward revision of full-year adjusted EBIT guidance. The company reported Q1 EPS of $0.66 and revenue of $43.25...
