SpaceX, led by Elon Musk, is weeks away from going public with an IPO targeting a $2 trillion market capitalization. Prediction market bettors on Polymarket assign a 75% chance that SpaceX's valuation will exceed $2 trillion after the IPO, with high probabilities for valuations above $1 trillion. The company plans to sell 555.6 million shares at $135 each and has filed with the SEC indicating potential future equity issuance for mergers or acquisitions. There is also speculation about a possible SpaceX-Tesla merger by 2027, which could impact Musk's compensation tied to Tesla's market cap milestones.
Elon Musk has agreed to a 366-day lockup on his SpaceX shares following the company's IPO on June 12, meaning he cannot sell his stock for over a year unless Goldman Sachs permits it, which is unlikely. This move signals confidence in SpaceX's future...
Tesla delivered 85,982 new energy vehicles from its Shanghai Gigafactory in May, marking a 39.4% year-on-year increase. China's overall EV market also showed signs of recovery, with 1.36 million passenger EVs sold in May, up 12% from last year. Other...
SpaceX, led by Elon Musk, is targeting a $75 billion initial public offering (IPO) by selling 555.6 million shares at $135 per share. This move is unusual as the company has set a fixed share price before the typical investor roadshow. The IPO filing...
Barclays forecasts the humanoid robot market to grow from $2-3 billion today to $200 billion by 2035, driven by advances in AI and robotics technology. China leads global production and deployment, accounting for 85% of installations and producing ro...
Andrew Left, founder of Citron Research and a well-known activist short seller, was convicted by a federal jury in Los Angeles on multiple securities fraud charges. Prosecutors argued Left manipulated stock prices by publicly promoting or criticizing...
