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The Ark Venture Fund was an early investor in the space giant.

Speculation around a potential Tesla and SpaceX merger has intensified following SpaceX's recent IPO and public comments from its president treating the idea as a real possibility. Prediction markets, company filings and several high profile analysts now treat a merger as a credible scenario, rather than a fringe rumor. Any move to combine Tesla and SpaceX could reshape how investors think about NasdaqGS:TSLA, including its business mix, capital needs and exposure to AI and advanced...

Punters on prediction markets are ramping up bets that Elon Musk may eventually combine Tesla Inc. and SpaceX into one entity. What’s Happening On Polymarket And Kalshi? Polygon-based Polymarket assigned a 38% chance that the two companies will officially merge...

President Donald Trump has come out in support of the REPAIR Act, a bill making its way through Congress that would ensure a car owner's right to repair and modify their vehicles without artificial barriers imposed by car manufacturers. According to some consumer advocacy groups, original equipment ...

Tesla Inc. CEO Elon Musk is on the verge of becoming the world’s first trillionaire as his space venture SpaceX’s blockbuster initial public offering pushed his estimated fortune to within $29 billion of the historic milestone. SpaceX IPO Drives Musk’s...

SpaceX founder Elon Musk just became the first person in history to surpass a net worth of $1 trillion, putting him in a wealth category of his own.

Welcome back to TechCrunch Mobility, your hub for the future of transportation and now, more than ever, how AI is playing a part.

Rivian (RIVN) is finally moving into the part of the electric vehicle market that could determine its future. The electric vehicle business is delivering its new R2 SUV, a more compact, affordable car that many investors view as Rivian’s greatest hope for breaking out of its niche as a builder of ...

Analyst Sees Tesla Reaching Level 4 Autonomy in Most SituationsPiper Sandler analyst Alexander Potter believes Tesla (NASDAQ:TSLA) has largely achieved Level 4 autonomous driving capability, arguing that the company has overcome the key technological hurdles required for self-driving vehicles despite ongoing doubts from investors and industry observers. In a note to clients, Potter outlined six factors supporting his view that Tesla has effectively reached a stage where its Full Self-Driving (FS

XPeng is set to mass-produce its humanoid robots under the leadership of its CEO.

ChatGPT's parent isn't an immediate threat. The fact that it's planning on entering the market at all, however, underscores the idea that Tesla isn't going to be in this business all by itself.

SpaceX IPO may be popular, but there are better options available.

(Bloomberg) -- Friday’s debut share surge for SpaceX is bolstering the fortunes of one of Saudi Arabia’s richest men. Most Read from BloombergWhy Musk Raced to Take SpaceX Public in the World’s Biggest IPOTrump Eyes Sunday Iran Deal But Tehran Says Still Reviewing TextAnthropic Shuts Down Mythos Access After Sweeping US OrderUS Wants to Avoid Congressional Vote on Trade Deal, Carney SaysAir India Plans to Downsize With Owner Tata Balking at LossesPrince Alwaleed bin Talal’s investment firm Kingd

Rivian began delivering its affordable R2 fleet this week in a push to bring the company to the mainstream.

A second Musk-led megacap is now publicly traded -- and that quietly changes a few things for the electric-car maker's investors.

Venture capitalist Steve Westly says SpaceX is "three moonshots in one company" and the math only works if most of them pay off. On June 12, SpaceX (SPCX) just pulled off the biggest initial public offering in stock market history. The company raised $75 billion, priced shares at $135 each, ...

Cathie Wood's firm ARK Invest staked a large position in Elon Musk's SpaceX on Friday. The firm already has a huge chunk of Tesla stock.

FTSE Russell confirmed SpaceX will join the Russell 1000 and Russell Top 200 on June 26, with MSCI adding it to its standard and large-cap indexes on June 29.

The upcoming SpaceX IPO, which is scheduled to kick off on Friday, June 12, could result in Tesla Inc. investors exiting their positions in the EV giant, according to investor Gary Black of The Future Fund LLC. Investors To ‘Lighten’...

ArcBest's ABF Freight unit is expanding its electric trucking program with new Tesla Semi trucks beyond its initial California and Nevada pilot route. This move shifts the Tesla Semi use from a limited trial to broader deployment across more of ArcBest's network. Early feedback points to a positive driver experience and solid operational performance for the electric trucks. For investors following NasdaqGS:ARCB, this development adds another piece to the story around how the company is...

Stocks rallied on optimism surrounding a potential U.S.-Iran peace deal and SpaceX's historic IPO debut, reinforcing investor confidence and market momentum

SpaceX roared into markets this past week with a valuation of more than $2 trillion, surpassing two members of Wall Street's "Magnificent Seven" and raising a key question: Does the Mag 7 name still fit? ‌And if not, what should replace it? The IPO, the biggest in U.S. history, vaulted SpaceX's value above two Mag 7 members: ‌CEO Elon Musk's other company, Tesla, and Meta Platforms. With SpaceX's arrival, "it becomes very hard to keep using Mag 7 as the clean shorthand for market leadership because one of the most important companies in the world would immediately be outside the label," said Shay Boloor, chief market strategist at Futurum Equities.

REVIEW PREVIEW NEWSLETTER To Infinity and Beyond. There are 3,362 companies listed on the Nasdaq Composite. On Friday, only one seemed to matter. SpaceX, Elon Musk’s rocket and AI company, opened for trading at 11:46 a.

SPCX ended its debut trading session up 19%, while TSLA closed Friday 2% higher.

<body><p>STORY: The world's biggest ever IPO ended with Elon Musk's SpaceX gaining 19% in its debut session Friday, as investors piled into the&nbsp;rocket company,&nbsp;betting on its now-trillionaire CEO [beat]&nbsp;and the prospect of putting AI in space.</p><p>Friday's debut gave SpaceX a valuation of more than $2 trillion, putting it in elite company with the likes of Nvidia and Apple... and making it more valuable than Musk's Tesla.</p><p>The landmark listing also made Musk the first trillionaire ever. He loomed large over Times Square from the jumbo TV screen of the Nasdaq stock exchange... while a giant and unflattering inflatable depicting Musk was also on display with messages critical of SpaceX and Grok.</p><p>Musk's rocket company began trading ahead of forthcoming IPOs for AI heavyweights Anthropic and OpenAI which will further test market appetite for new entrants.</p><p>Anna Rathbun, founder and CEO of Grenadilla Advisory says the company is benefitting from its connection to AI&nbsp; rather than its fundamentals.</p><p>“So I think it's not so much about SpaceX, but just the excitement about AI and SpaceX as much the name has space in it, it's an AI company at the end of the day, right? &nbsp;So I think the excitement about AI is going to drive it. Whether or not it would be successful, we have to see.”</p><p>At $75 billion, the deal's proceeds were more than double those of Saudi Aramco's record-setting 2019 IPO.</p><p>Although SpaceX may have to wait for entry into the S&P 500, its expected fast-track inclusion in the Nasdaq 100 will soon make it a major holding for passive funds and ETFs that track the index, creating a fresh source of demand for its shares.</p><p>Retail investors on Friday snapped up shares of SpaceX despite SpaceX posting a loss of nearly $5 billion last year and generating only a fraction of the revenue brought in by similarly valued tech giants.</p><p>Still, several analysts have issued positive ratings on the stock.&nbsp;</p><p>But Morningstar analysts this month said it is more fairly valued at around $780 billion, and CFRA on Friday started coverage with a sell rating.</p></body>

Did SpaceX just boot Tesla from the Magnificent Seven? With its first trading-day valuation of $2.1 trillion, SpaceX is worth more than Tesla ($1.8 trillion based on its fully diluted share count) and Meta Platforms. The top six U.S. companies by market value are now Nvidia, Alphabet, Apple, Microsoft, Amazon.com, and SpaceX.

He’s now the world’s first trillionaire, after his rocket and AI company broke IPO records on its way to a $2.1tn valuation

Elon Musk said on Wednesday that he keeps engaging in cultural and political fights because he views them as part of a broader struggle for the survival of civilization, in response to a French user who questioned why the world's...

The SpaceX drama, however, is just beginning. SpaceX completed its record-setting IPO on Thursday, and it closed just under $161 on Friday, up 19% from the $135 IPO price, valuing Musk's rocket company at $2.1 trillion. Now investors have to brace for SpaceX to be included in the Nasdaq 100 inclusion, which should happen in two weeks.

Turns out the SpaceX IPO didn't do much of anything to Tesla stock. Shares of Musk's EV maker rose 1.8% on Friday to close at $406.43, while shares of Musk's rocket company rose 19.2% to close at $160.95. There was significant concern that Tesla investors would sell their stock to buy SpaceX shares, putting downward pressure on Tesla's stock.