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Tesla gets double dose of good news from key region
TheStreet62d agoneutral
Tesla gets double dose of good news from key region

Last year, many of the headlines about Tesla coming out of Europe weren't positive. The company was losing market share in a number of European countries where it had traditionally performed well, as the influx of cheaper Chinese alternatives and CEO Elon Musk's foray into politics eroded his ...

Elon Musk’s $1.8 Trillion SpaceX IPO Is Too Big to Succeed
Barrons.com62d agoneutral
Elon Musk’s $1.8 Trillion SpaceX IPO Is Too Big to Succeed

The SpaceX initial public offering is one of a kind; the investment opportunity is not. SpaceX’s IPO is arguably the biggest capital-markets event ever, and unique. SpaceX’s singularity will continue when it starts trading, with the company added to the just 15 trading days after the offering, requiring passive buying of 10% to 15% of the shares outstanding, and a massive amount of retail participation in the IPO.

How skeptical should investors be of these mega-IPOs?
Yahoo Finance Video62d agoneutralVIDEO
How skeptical should investors be of these mega-IPOs?

As markets (^DJI, ^IXIC, ^GSPC) prepare for the public launch of SpaceX (SPAX.PVT) on June 12, should investors be skeptical of these mega-IPOs expected to sweep Wall Street? 9i Capital Group founder and CEO Kevin Thompson cites the circular investing occurring between Big Tech names and these pre-IPO companies — SpaceX, OpenAI (OPAI.PVT), Anthropic (ANTH.PVT). OpenAI and Anthropic have also filed to go public in 2026.

Ripple (XRP) Slides 6% as Crypto Risks Becoming a “First Casualty” of the SpaceX IPO
24/7 Wall St.62d agoneutral
Ripple (XRP) Slides 6% as Crypto Risks Becoming a “First Casualty” of the SpaceX IPO

Ripple’s XRP token is taking a hit on Friday, June 5. The cryptocurrency is down 6% to $1.103, extending a multi-day slide that has dragged the broader digital asset complex into the red. Bitcoin (CRYPTO:BTC) and Ethereum (CRYPTO:ETH) are also down, but the XRP move stands out given the token’s famously devoted retail following. The selling ... Ripple (XRP) Slides 6% as Crypto Risks Becoming a “First Casualty” of the SpaceX IPO

SpaceX’s IPO is Set to Make Elon Musk a Trillionaire. Here’s 4 Key Figures That Will Become Billionaires.
24/7 Wall St.62d agoneutral
SpaceX’s IPO is Set to Make Elon Musk a Trillionaire. Here’s 4 Key Figures That Will Become Billionaires.

It’s big news as the buzz gets louder surrounding the most publicized IPO in years. CNBC reporter Robert Frank reported on June 5 that SpaceX’s IPO is set to price next Friday, June 12, at $135 per share. The deal would potentially lift Tesla (NASDAQ:TSLA) CEO Elon Musk’s net worth past $1 trillion, crowning him ... SpaceX’s IPO is Set to Make Elon Musk a Trillionaire. Here’s 4 Key Figures That Will Become Billionaires.

Don't expect to see SpaceX on the S&P 500 so soon after IPO
Yahoo Finance Video62d agoneutralVIDEO
Don't expect to see SpaceX on the S&P 500 so soon after IPO

S&P Dow Jones Indices stated that it will not be changing its rules to fast-track SpaceX (SPAX.PVT) and other mega-IPOs into the S&P 500 index (^GSPC). Morning Brief Host Julie Hyman and Vanity Fair contributing editor Bethany McLean discuss SpaceX's valuation in the lead up to the space company's public launch a week from now. JPMorgan Chase (JPM) CEO Jamie Dimon hosted Elon Musk as part of SpaceX's (SPAX.PVT) pre-IPO roadshow, as the company sets its sights on an IPO price of $135 per share next Friday, June 12.

Here Are Friday’s Top Wall Street Analyst Research Calls: Airbnb, Broadcom, Chipotle Mexican Grill, CrowdStrike, Fiserv, Lululemon Athletica, NVIDIA, Tesla, Walmart, and More
24/7 Wall St.62d agoneutral
Here Are Friday’s Top Wall Street Analyst Research Calls: Airbnb, Broadcom, Chipotle Mexican Grill, CrowdStrike, Fiserv, Lululemon Athletica, NVIDIA, Tesla, Walmart, and More

Pre-Market Stock Futures: Futures are trading mixed on Friday as we prepare to close out one of the craziest weeks on Wall Street this year. On a day when we saw yet another all-time high, investors rotated out of chip stocks and into healthcare and industrials after Broadcom (NASDAQ: AVGO) posted disappointing results. When the ... Here Are Friday’s Top Wall Street Analyst Research Calls: Airbnb, Broadcom, Chipotle Mexican Grill, CrowdStrike, Fiserv, Lululemon Athletica, NVIDIA, Tesla, Walmart,

Musk Leaves Investors Starstruck at Dimon’s SpaceX Extravaganza
Bloomberg62d agoneutral
Musk Leaves Investors Starstruck at Dimon’s SpaceX Extravaganza

(Bloomberg) -- Elon Musk can still enchant investors with his vision of the future.Most Read from BloombergSpaceX, Other Mega IPOs Denied Fast Index Entry by S&PSaylor’s Bitcoin Machine Is Misfiring on Every CylinderGlazer Family Members Study Manchester United Stake Sale‘Sell Indonesia’ Sweeps Trading Desks as Prabowo Tightens GripRepublican-Led House Votes to Stop Iran War, Rebuking TrumpAny questions about SpaceX’s record-breaking initial public offering — be it about the valuation, the compa

Bloomberg63d agoneutral
Wall Street Sees SpaceX’s AI Revenue 100 Times Higher by 2030

(Bloomberg) -- Research analysts across Wall Street are telling would-be SpaceX IPO buyers that they’re modeling for the company’s artificial intelligence division to see 100 times revenue growth at the end of the decade, to help justify a targeted $1.8 trillion valuation.Most Read from BloombergGlazer Family Members Study Manchester United Stake SaleRepublican-Led House Votes to Stop Iran War, Rebuking TrumpDow Average Hits Peak as Old-School Stocks Beat AI: Markets WrapTrump Begins Rebuilding

SpaceX IPO: rockets, AI losses and Musk in control
AFP63d agoneutral
SpaceX IPO: rockets, AI losses and Musk in control

SpaceX is inviting investors to bet on Elon Musk's vision of AI data centers in space and humans on Mars.The sky-high valuation for SpaceX -- nearly $1.8 trillion -- is based on the idea that his legendary run will continue and that Musk can achieve his goal of data centers in space and putting people on Mars.

Elon Musk, Tesla face serious new threat
TheStreet64d agoneutral
Elon Musk, Tesla face serious new threat

For two years, the question surrounding Tesla's long-term value has been less about electric vehicles and more about one specific project that Elon Musk says could become the company's most valuable business. That project has been moving closer to production with limited serious competition from ...

What's justifying SpaceX's $2T valuation target ahead of IPO?
Yahoo Finance Video64d agoneutralVIDEO
What's justifying SpaceX's $2T valuation target ahead of IPO?

According to Reuters, SpaceX (SPAX.PVT) is gunning for an IPO date of Friday, June 12, with hopes to begin trading on the Nasdaq at $135 per share. This could launch the value of Elon Musk's private space operator to $2 trillion. Yahoo Finance Senior Reporter Pras Subramanian lays out the most valuable segments of the space company that Wall Street is watching.

AI Euphoria in Old World Auto Stocks Gets a Nod From Wall Street
Bloomberg64d agoneutral
AI Euphoria in Old World Auto Stocks Gets a Nod From Wall Street

(Bloomberg) -- Investors betting that more old-world auto companies are in line to benefit from the boom in artificial intelligence got another stamp of approval from Wall Street.Most Read from BloombergTrump Begins Rebuilding His Tariff Wall, Citing Forced LaborRussia Finance Officials Tell Putin War Spending Is UnaffordableTrump to Get Audit Immunity as $1.8 Billion Fund in DoubtTikTok Billionaire Overtakes Mukesh Ambani as Asia’s Second-Richest PersonRBI May Have Sold Gold to Save FX Reserves

Exclusive-Uber's commitment to self-driving startup Nuro is close to $500 million, sources say
Reuters64d agoneutral
Exclusive-Uber's commitment to self-driving startup Nuro is close to $500 million, sources say

Uber has committed close to half a billion dollars in self-driving startup Nuro, two sources directly aware of the matter told Reuters, detailing the ‌extent of a major investment by the ride-hailing company in developing commercial robotaxis. Uber has ​been positioning itself as a platform for the nascent industry and has partnered with many autonomous vehicle companies, including Chinese tech giant Baidu, U.S. electric vehicle maker Rivian, and British startup Wayve. One of Uber's commitments is a three-way partnership with Nuro and electric vehicle company Lucid to roll ‌out 35,000 robotaxis using Lucid's Gravity ⁠SUVs and upcoming midsize vehicles, Nuro's technology and Uber's platform.

Tesla rolls out unsupervised robotaxis in Austin
Reuters64d agoneutral
Tesla rolls out unsupervised robotaxis in Austin

Tesla said on Wednesday it was rolling out its unsupervised robotaxis ‌in the Austin Metro area in Texas, ‌as the electric-vehicle maker looks to speed up its autonomous ​ride-hailing operation. Expanding the robotaxi service and wider adoption of its full self-driving software - a version of which underpins the technology - is key to Tesla's growth ‌strategy after CEO ⁠Elon Musk pivoted the company's focus from EVs to AI and robotics. The service ​has been operating ​in Austin for nearly ‌a year, where customers sometimes experience wait times in excess of 30 minutes.