SpaceX plans a historic IPO aiming to raise $75 billion by selling 555.6 million shares at $135 each, valuing the company at $1.77 trillion. This would make it the seventh most valuable U.S. company, surpassing Tesla. Former Tesla board member Steve Westly highlighted the challenge in pricing the IPO due to SpaceX's diverse businesses, including its profitable Starlink internet service and the recently merged xAI. Westly also suggested that SpaceX needs success in at least two of its three major ventures to justify its valuation and indicated a potential future merger with Tesla is "absolutely likely," despite expected governance challenges.
The Dan Ives Wedbush AI Revolution ETF (IVES) has delivered a 17% gain year-to-date as of June 9, 2026, outperforming the S&P 500's 8% gain despite a recent 11% drop in one week. The fund's concentrated portfolio focuses on leading AI infrastructure ...
Iran has added Elon Musk's SpaceX and its shareholders' infrastructure, including Starlink ground stations in the Middle East, to its target list, according to Iranian media. This move comes as SpaceX prepares for a $75 billion IPO, which has pushed ...
Investment bank Oppenheimer set a $190 price target for SpaceX's IPO, implying nearly 41% upside from the $135 offer price. The bank highlighted SpaceX's unique position as a vertically-integrated AI and communications company with strong capital and...
Elon Musk spoke virtually at ASML's annual tech conference, emphasizing the critical role of ASML's advanced chipmaking machines for his upcoming Terafab chip plant in Texas. Terafab aims to produce chips for Tesla and SpaceX, expanding SpaceX's focu...
Tesla's market cap nears $1.5 trillion, making it the 9th most valuable company globally and far surpassing traditional automakers like Toyota and Ford. Despite this, Tesla's EV sales growth is modest and lagging behind some competitors, with only a ...
