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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.

Here are some of the notable stocks that sold off during Friday's big market decline: Nvidia (NVDA), down 6.2%. Meta Platforms (META), down 5.5%. Broadcom (AVGO), down 7.9% Micron Technology (MU), down 13.

US stocks (^DJI, ^IXIC, ^GSPC) sink in Friday trading, the Nasdaq Composite leading losses and closing over 1,100 points lower (4.18%). The market is reacting to May's overwhelmingly positive labor data — 172,000 jobs added the US economy vs. estimates of 88,000 — raising investor concerns that the Federal Reserve may be inclined to hike interest rates. Yahoo Finance Markets and Data Editor Jared Blikre breaks down the day's biggest market moves.

Xianming Liu, head of XPeng's General Intelligence Center, told Electrek that the company spends roughly RMB 300 million a month training AI models for autonomous driving.

SpaceX begins investor marketing at $135 per share as Musk backers rally behind its long-term vision.

Vetern analyst firm revamps Tesla price target for rest of 2026

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 ...

Tesla has reportedly postponed its planned public demo for its next-generation Roadster to August or later.

JPMorgan lifts Tesla to Neutral, citing vertical integration and long-term growth from autonomy, robotics and newer services.

Not all of Wall Street is buying Musk’s math.

Tesla (NASDAQ:TSLA) sits in an awkward place. Q1 2026 showed automotive gross margin rebounding to 21.1% from 16.2% a year earlier, FSD subscriptions hit 1.28 million (+51% YoY), and free cash flow more than doubled to $1.444 billion. Yet shares closed at $418.45, down 6.95% YTD. Can Tesla reach $500 this cycle? What’s Holding Tesla ... Prediction: Tesla Stock Will Hit $500 on This Date

Black noted that the issues he identified indicate Lululemon may still not be on the right path.

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.

Check out our earnings calendar for this week, as well as our previews and recaps of the more noteworthy reports.

From Near-Bankruptcy to the AI and Autonomy Bet Ten years ago, Tesla (NASDAQ:TSLA) was a Model S and Model X maker scrambling to ramp the Model 3 and absorb SolarCity. The decade since has packed in production hell, a brush with insolvency, S&P 500 inclusion in late 2020, a euphoric run past a $1 trillion ... Tesla Turned $1,000 Into This Much The Past 10 Years

A renewed focus on AI and robotics is reshaping Tesla's investment story. Here are a few Tesla-heavy ETFs that are worth considering.

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.

Lemonade (NYSE:LMND) introduced autonomous car insurance for Tesla owners in Indiana. The product is tailored to Tesla drivers using Full Self Driving technology. Pricing is usage based, with potential cost savings tied to how often Full Self Driving is used. Lemonade, known for its app based renters, homeowners and pet insurance, is expanding further into auto coverage with a focus on Tesla drivers in Indiana. By tying pricing to Full Self Driving usage, the company is using connected car...

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 lands rockets on drone ships, launches more payload to orbit than every other company combined, and runs the world's largest satellite internet network.

Tesla's (TSLA) competitive edge of deep vertical integration across hardware and software, coupled w

Elon Musk is officially the world's first trillionaire following SpaceX's stock debut today, with the company's IPO price valuing his stake at nearly $870 billion on paper.

Elon Musk is poised to become the world's first trillionaire when SpaceX stock debuts next week, with the company's target IPO price valuing his stake at a considerable $866.5 billion on paper.

The bank's new analyst shifted focus to Tesla's robotics and autonomous driving potential, away from its slowing EV business

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.

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.

Tesla upgraded, Lululemon downgraded: Wall Street's top analyst calls

Tesla bear JPMorgan revised its view on Elon Musk's electric vehicle company. The stock is down about 4% this week.

Gupta shifts the valuation framework to robotics and autonomy to justify the upgrade

Few IPOs in history have generated as much excitement as SpaceX‘s planned June 12 debut on Nasdaq under the ticker SPCX. The company is targeting a valuation of $1.75 trillion, putting it in the top 10 largest companies in the world by market cap — above Tesla‘s (NASDAQ:TSLA) current $1.57 trillion and within striking distance ... SpaceX Reveals It’s Really an AI Company — and That Changes Everything for Investors