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 also revealed a 366-day lock-in period for Musk's Class B shares and listed American Airlines as a Starlink customer. The IPO could significantly impact retirement funds and market dynamics, with potential implications for a Tesla-SpaceX merger and Musk's compensation package.
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...
Tesla's stock is forecasted to rally to $520 by late August 2026, based on a technical analysis of its long-term chart pattern showing strong support since April 2024. The stock currently trades at $415.88, with about 25% upside potential if it maint...
Tesla's stock shows slight gains in pre-market after a rough session, supported by its 50-day EMA, suggesting a potential rebound to $450. Palantir is expected to open lower, possibly pulling back to its 200-day EMA around $147.65, seen as a buying o...
SpaceX filed an amended S-1 with the SEC ahead of its IPO later this month, revealing plans to issue significant equity for future transactions, possibly including a Tesla merger. The filing reaffirmed SpaceX's Mars colonization goal, linking Class B...
SpaceX has reserved up to 5% of its IPO shares for purchase by select employees and associates through a direct share program managed by Morgan Stanley. The company aims to raise about $75 billion in its public offering, potentially marking one of th...
