Elon Musk gained $164.8 billion in a single day as SpaceX shares surged from $160.95 to $192.50 during its IPO, far outpacing gains from Tesla. Musk controls about 86% of SpaceX's voting power through a dual-class share structure. The company disclosed massive performance grants that could increase Musk's holdings if SpaceX hits ambitious targets like a $7.5 trillion market cap and establishing a Mars colony with one million inhabitants. Investors should watch SpaceX's Starship launch success and growth in terrestrial and space-based data centers, which are key to unlocking Musk's future rewards and the company's long-term value.
The Vanguard Growth ETF (VUG) dropped 4.5% over five days, reflecting volatility in megacap tech stocks like NVIDIA and Apple, which make up nearly half its assets. The fund trails the S&P 500 year-to-date but has outperformed over five years. Key fa...
Tesla shares trade near fair value at around $420, with a 24/7 Wall St. price target of $417.62 indicating slight downside of -0.7% over the next year. The company showed strong Q1 2026 results, including revenue growth, improved automotive margins, ...
Goldman Sachs raised its Tesla vehicle delivery forecast for Q2 2026 to 420,000, driven by strong sales in Europe and Asia-Pacific, but kept its stock price target at $375, implying an 8.8% downside from the current price. The bank noted weakness in ...
Tesla's stock fell early Tuesday despite a 25% rise over the past year, reflecting investor concerns as SpaceX, Elon Musk's rocket and AI company, saw its stock soar. This shift highlights growing investor interest in SpaceX's ventures over Tesla's e...
SpaceX shares surged more than 10% in premarket trading Tuesday, following a nearly 20% rise on Monday after its historic IPO last week. The company's market capitalization crossed $2.5 trillion on Monday and could surpass $2.75 trillion if the prema...
