Tesla company headlines, earnings, strategy, leadership, and market-moving business updates.
Market data may be delayed. For informational purposes only. Not investment advice.
SpaceX’s stock-market debut, described as a $75 billion IPO, pushed Elon Musk’s net worth above $1 trillion, according to reports as shares began trading near the deal price.
THE APEX TIMES
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The investment bank initiated coverage of Elon Musk’s SpaceX, framing the company as a rare listed-growth opportunity and attaching a near-term upside estimate that markets will test as IPO talk gains momentum.
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In a June 7 note echoed by Yahoo Finance, JPMorgan pointed to Tesla’s longer-range plans for self-driving technology, humanoid robotics and its energy business as key reasons the stock remains compelling to investors.
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SpaceX has set its initial public offering price at $135 per share, raising about $75 billion and valuing the rocket company at roughly $1.77 trillion, according to market coverage. The move is also being framed by analyst Dan Ives as a announcement of growing integration across Elon Musk’s technology footprint, including Tesla.
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A new round of speculation about whether Tesla and SpaceX could ever be brought together is colliding with pushback from Wall Street, where at least one firm argues that keeping the companies separate better supports long-term artificial intelligence ambitions.
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A new Yahoo Finance report points to renewed speculation that Elon Musk could eventually consolidate assets across his two biggest public-facing vehicles, Tesla and SpaceX, as SpaceX’s IPO process moves into the next phase for trading.
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A market report tied to SpaceX’s IPO claims the Tesla CEO has become the first person in history to reach a trillion-dollar net worth, a milestone that highlights how investors are pricing Musk’s broader bets rather than any single company.
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Tesla has rolled out an unsupervised robotaxi service across the Austin metropolitan area and added momentum toward further regulatory approvals in Europe, according to a recent market report. The move renews attention on how fast Tesla can translate autonomous-driving technology into recurring ride-hailing revenue.
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Onvo’s updated L60 starts at RMB 192,800, undercutting Tesla’s Model Y entry price of RMB 263,500, according to a market report cited by Yahoo Finance.
