Ahead of SpaceX's IPO on June 12, investor Gary Black predicts some Tesla shareholders will sell their Tesla shares to buy SpaceX stock. Despite the excitement, Black and NYU's Aswath Damodaran caution that SpaceX's valuation is high and suggest waiting for a price correction post-IPO. Meanwhile, bullish voices like Gene Munster and Ron Baron see strong growth potential for SpaceX, with projections of substantial future revenue. The IPO has also attracted scrutiny over governance and valuation concerns from figures like Senator Elizabeth Warren and pension officials.
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 ...
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 ...
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...
