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 expertise. However, it warned of potential stock volatility and manufacturing challenges. Retail demand for the IPO is exceptionally high, with $70 billion in orders, close to the $75 billion fundraising target, making it one of the largest IPOs ever. Some critics, including Senator Elizabeth Warren, have raised concerns about valuation accuracy and governance risks ahead of the listing.
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 ...
Iran's state media reported that Elon Musk's companies, including Starlink and X operations in the Middle East, have been added to Iran's military target list. This move is linked to Musk's companies' alleged cooperation with the US and Israeli milit...
An analyst rates Tesla as a Strong Buy with a price target of $927, indicating a 137% upside from the current price of $391. Key growth drivers include AI compute economics linked to SpaceX, growth in Full Self-Driving (FSD) subscriptions, Robotaxi m...
Tesla's stock short volume ratio reached a two-week high of 54.73%, indicating growing investor bearishness amid the upcoming SpaceX IPO scheduled for June 12. This rise suggests traders expect Tesla's recent 10.94% monthly drop to continue without a...
Tesla shares fell nearly 16% over a month, reducing Elon Musk's net worth by about $51.5 billion to $782 billion. Despite this, Musk is poised to become the world's first trillionaire with the upcoming SpaceX IPO, which could value the company at $1....
