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Global Auto is exploring a Toronto listing as soon as this year, with deliberations still ongoing.

Tesla (TSLA) CEO Elon Musk is just one week away from his next big venture: the IPO of his space company SpaceX (SPAX.PVT). This event will be enough to push Musk's net worth over the edge and make him the world's first trillionaire. Yahoo Finance Senior Autos Reporter Pras Subramanian breaks down Musk's net worth and some of the risks that Wall Street is floating around the IPO. SpaceX is slated to begin trading publicly on the Nasdaq next Friday, June 12, aiming for an IPO price of $135 per share.

Tesla stock bounced on Tuesday as CEO Elon Musk reminded investors about where his EV company started and how far it’s come. Don’t expect SpaceX to follow the same trajectory even as Musk tries to justify SpaceX’s valuation. The move came after Musk tweeted that Tesla’s IPO market cap was only 0.1% of its current market cap.

Tesla stock rebounded early Tuesday as CEO Elon Musk reminded investors about where his EV company started and how far it’s come. The move came after Musk tweeted that Tesla’s IPO market cap was only 0.1% of its current market cap. The tweet also comes just ahead of SpaceX’s massive IPO, which is expected to raise a record amount of cash, and could value the rocket company at $2 trillion.

The technical Wall Street term for investors short-selling space stocks right now is “getting your face ripped off.” Shares of commercial space companies are on fire lately. Coming into Wednesday trading, shares of Rocket Lab and AST SpaceMobile to name two, were up 74% and 55%, respectively, over the past month, leaving them both up more than 380% over the past 12 months.

Example below of IPO Edge Firesides at NYSE, or Click HERE: IPO Edge and CorpGov will be conducting interviews from the floor of the New York Stock Exchange on June 2 and […]