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Gary Black Warns Tesla Stock Could Break Below $300, SpaceX Below $100 As AI Valuations Come Under Pressure
Benzinga16d agoneutral
Gary Black Warns Tesla Stock Could Break Below $300, SpaceX Below $100 As AI Valuations Come Under Pressure

Well-known Tesla Inc (NASDAQ:TSLA) commentator Gary Black said Tuesday he expects the electric vehicle company’s shares to fall below $300 and Space Exploration Technologies Corp (NASDAQ:SPCX) to break below $100, citing what he called excessive valuations as AI-related stocks continue to lose momentum. Valuation, Not Fundamentals In a post on X, Black, the managing partner of The Future Fund, said both of Elon Musk‘s companies trade at forward fiscal 2026 price-to-earnings multiples of more tha

SpaceX stock sends investors a signal they need to see
TheStreet16d agoneutral
SpaceX stock sends investors a signal they need to see

After its record-breaking debut, SpaceX is proving that a blockbuster IPO does not guarantee a smooth ride. The rocket and satellite company has spent much of July shedding value at a pace that caught seasoned traders off guard. Shares fell again on July 27, marking the 13th decline in the last 16 ...

Raymond James issues absurd price target for SpaceX stock
TheStreet16d agoneutral
Raymond James issues absurd price target for SpaceX stock

SpaceX stock has had a rough few weeks. Shares are trading 50% below all-time highs shortly after the company's record-breaking initial public offering in June. Yet one Wall Street firm is not backing down. In fact, it is doubling down with a price target that would make SpaceX one of the most ...

Six US lawmakers have disclosed investing in SpaceX stock
Yahoo Finance Video16d agoneutralVIDEO
Six US lawmakers have disclosed investing in SpaceX stock

Six US lawmakers have disclosed buying SpaceX (SPCX) stock since Elon Musk's space venture went public on June 12. Yahoo Finance Washington Correspondent Ben Werschkul breaks down the six representatives — five Republicans, one Democrat — who have invested in SpaceX, assessing their positions on relevant committees.

SpaceX Wipes Out a Full Tesla's Worth of Market Value Since Peaking in June
Benzinga16d agoneutral
SpaceX Wipes Out a Full Tesla's Worth of Market Value Since Peaking in June

Tesla Inc (NASDAQ:TSLA) went public in 2010, with the electric vehicle company valued at around $1.7 billion. Eleven years later, the company was worth $1 trillion. For SpaceX (NASDAQ:SPCX), the space company went public already worth $1 trillion, but that makes a pullback after IPO significantly higher in value than when Tesla went public. SpaceX Valuation Wipeout SpaceX priced its IPO at $135 per share and opened for trading at $150, debuting with a valuation north of $1 trillion — enough to b

Elon Musk warns America will 1,000% go bankrupt and fail as a country
TheStreet16d agoneutral
Elon Musk warns America will 1,000% go bankrupt and fail as a country

The world's wealthiest person per Forbes, Elon Musk, is well-known for his appetite for risks and doesn't shy away from keeping risky assets like Bitcoin (BTC) on the balance sheets of his companies Tesla (Nasdaq: TSLA) and SpaceX (Nasdaq: SPCX). But there is a risk that he says the United ...

Wall Street’s Trading Boom Just Got a New Leader: Can Morgan Stanley (MS) Keep It?
Insider Monkey16d agoneutral
Wall Street’s Trading Boom Just Got a New Leader: Can Morgan Stanley (MS) Keep It?

Wall Street just delivered one of its most impressive earnings weeks in history, with the five largest US banks reporting a combined net income of around $49 billion in the second quarter of 2026, up 39% year-over-year, and combined trading revenue close to $39 billion. Global investment banking income managed to reach $61.4 billion in […]