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BIZARRE: 5 | Mind Blowing Facts

Musk's SpaceX set to make biggest-ever initial public offering on Wall Street

Elon Musk's space transport company SpaceX is set to begin trading on the US market on Friday with an offering of more than 555 million shares priced at at $135 each. The move is expected to place SpaceX in the top 10 of Wall Street's biggest companies and make Musk…

France 24

SpaceX IPO makes Elon Musk the world's first trillionaire

At a time when concerns about inequality are high and public attitudes toward the ultra-wealthy have soured, Musk has managed to retain a loyal following despite his stratospheric net worth and without the folksy persona that endeared other tycoons such as Warren Buffett to the masses.

The Economic Times

The SpaceX IPO: Why I Think Next Week, Not Friday, Is the Real Event

Financial media is buzzing about the SpaceX IPO. Here's why I'm not buying in, and what I'm doing instead.

Barchart

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Elon Musk’s SpaceX set to make history with US stock market debut

The stock market float on Wall Street is expected to raise 75 billion dollars (£56.2 billion)

Evening Standard

A look at the SpaceX IPO by the numbers

Elon Musk is all about big numbers — millions, billions, even trillions – and there are plenty of them associated with SpaceX and Musk's plans to take the rocket maker public

AAP

US markets plunge: Dow Jones, S&P 500 and Nasdaq crash as Trump’s Iran threat sparks a risk-off market selloff, pushing the U.S. dollar higher and oil prices sharply upward

Dow Jones, S&P 500 and Nasdaq crashed as Trump’s Iran threat reignited fears of a wider Middle East conflict. Investors rushed into the U.S. dollar while WTI oil surged toward $90. Rising energy prices now threaten inflation, interest-rate expectations, and economic growth. The selloff reveals how quickly geopolitics can reshape…

The Economic Times

Los Angeles woman goes to Target. Then someone leaves M&Ms, Reese’s—and a note on her Tesla windshield

When you’re out shopping, you don’t expect too much out of the ordinary. It would certainly be ominous to stumble upon an anonymous note with candy on your windshield. One Los Angeles woman noticed this on her Tesla during her recent trip to Target, causing viewers to debate the suitability…

The Mary Sue

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Bearish Setups Alert: June 11th Bear Put Spread Scan Results

With the stock market under pressure, it’s a good time to check in on our bear put spread screener.

Barchart

Short seller Jim Chanos doubts SpaceX valuation, says IPO fueled by 'hopes and dreams'

Renowned short seller Jim Chanos questions SpaceX's massive IPO valuation. He believes the company's worth is inflated by future hopes, not current reality. Chanos also expresses skepticism about the data center sector's profitability. Investors are watching closely, especially after past losses betting against tech giants. SpaceX's offering is poised to…

The Economic Times

He loaned Elon Musk $1 million in a crisis; now SpaceX could make him one of the world’s richest people

Antonio Gracias, a close friend and early investor in Elon Musk's ventures, is poised for a massive payday as SpaceX prepares for its IPO. Gracias's firm, Valor Equity Partners, holds a significant stake in SpaceX, valued at approximately $65 billion, reflecting over two decades of unwavering support and hands-on involvement,…

The Economic Times

SpaceX's record IPO has Wall Street torn between a Musk 'holy grail' and a $72-per-share leap of faith

Analysts disagree on whether SpaceX is worth what Musk is asking.

Fortune

Tesla Apparently Won't Let Cybertruck Buyers Transfer FSD Without Spending Another $20k

Tesla's FSD transfer program terms changed and buyers of the new Cybertruck AWD trim found themselves being unable to move the software from their trade-in.

InsideEVs

This Tesla Model 3 Went Nearly 400 Miles In A Range Test, 30 More Than Its EPA Rating

Edmunds’ latest range test shows the rear-wheel-drive Tesla Model 3 Premium easily beating its official range and showing remarkable efficiency.

InsideEVs

An Analyst Just Raised Tesla's Price Target by 227%—Here's Why

JPMorgan's dramatic Tesla reset is the latest sign that Wall Street is finally valuing the right parts of this business.

MarketBeat

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Barchart

Xpeng’s AI Progress Should Give XPEV Stock a Big Boost in the Long Term

Given Xpeng's considerable progress when it comes to technology, the valuation of XPEV stock appears to be very low.

GOBankingRates

The 12 Worst Cars for Retirees Who Want To Travel and Downsize

Auto expert Chris Pyle identifies 12 worst cars for retirees including Jeep Wrangler, Lincoln Nautilus, new trucks, Tesla and Rivian due to repair costs and depreciation.

The Independent UK

Who pays when a self-driving car crashes? BYD’s answer could change the industry

DRIVESMART: BYD has become the first major car maker to offer damage cover for accidents involving its self-driving technology in China. It has reignited the debate over who is responsible when an autonomous car crashes, writes EV editor Steve Fowler

The Economic Times

SpaceX IPO: Will Elon Musk become the world's first trillionaire after mega listing? The math is delicately poised

Elon Musk SpaceX IPO: Elon Musk is on the cusp of becoming the world's first trillionaire as SpaceX prepares for its massive $75 billion IPO. With SpaceX valued at $1.77 trillion, Musk's stake could surge, potentially pushing his net worth past the $1 trillion mark. This historic event hinges on…

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Fortune

America’s grid is reeling. General Motors offers itself as a distributed utility in disguise

As AI data centers strain the grid, GM wants to turn its EVs and batteries into a solution. Ford has a simpler plan—and the two Detroit rivals are betting on very different futures.

InsideEVs

GM Is Making EV Charging A Lot Simpler With Energy Pass, NACS On All 2027 Models

A single app for the biggest charging networks in the U.S. simplifies things a lot. Plug & Charge takes it one step further.

Fortune

Tesla cofounder: ‘We should be really worried’ about the U.S. grid as China speeds ahead in the power race

The U.S. must build much more power, storage, and better utilize the existing grid in order to keep the AI boom moving at pace, said Tesla cofounder and Redwood Materials boss JB Staubel at the Fortune Brainstorm Tech conference.

The Independent UK

Tesla wants to add 5,000 robotaxis to Las Vegas streets

The permit requests approval to operate up to 5,000 robotaxis during the first 12 months

We Got This Covered

Dallas woman shares dashcam video of her husband driving on the freeway. Then lightning struck his truck: ‘he texted me’

Tesla's dashcam caught the whole strike on video.

Motor1

Used EV Prices Are Rising Faster Than Gas Cars

Wholesale dealers are bidding more for used electric vehicles as gas prices remain high.

InsideEVs

'Fairly Lazy Explanation’: Rivian's CEO Doesn’t Think Americans Are Anti-EV

Just two models make up around 50% of EV sales in the U.S. To RJ Scaringe, that's 'not a reflection of a healthy or well-served market.'

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