Elon Musk declares early victory over $45 billion rival

Kimbal Musk has sold Tesla shares valued at $25.6 million, a significant transaction that reflects ongoing movements within the company's stock ownership. This sale comes amid various market dynamics affecting Tesla's valuation and investor sentiment.

Rivian has announced an expansion of its hands-free driving capabilities as part of a push towards increased autonomy in its electric vehicles, aiming to enhance competitiveness against industry leader Tesla. However, this announcement comes amid a 6% decline in Rivian's stock price, reflecting investor concerns about the company's performance.

SpaceX, the private space exploration company founded by Elon Musk, is preparing for a potential initial public offering (IPO) in mid-2026, targeting a valuation of approximately $1.5 trillion. This IPO could raise significantly more than $30 billion, positioning it as one of the largest in history.

SpaceX is advancing its plans for an initial public offering (IPO) scheduled for 2026, aiming to raise significantly more than $30 billion, with a target valuation of approximately $1.5 trillion. This move comes as investors await the Federal Reserve's decision on interest rates, contributing to a mixed performance in the stock market, including a notable decline in JPMorgan's shares due to increased costs.

SpaceX, the space exploration company founded by Elon Musk, is reportedly preparing for an initial public offering (IPO) that could raise over $25 billion and value the company at more than $1 trillion. Discussions with banks regarding this IPO are said to be underway, with a potential market entry in mid-2026.

SpaceX is reportedly advancing plans for an initial public offering (IPO) aimed at raising significantly more than $30 billion, with a target valuation of approximately $1.5 trillion, potentially making it the largest IPO in history. The company is considering a listing as early as mid-to-late 2026, although this timeline may shift depending on market conditions.

Morgan Stanley has adjusted its stock rating for Tesla, downgrading it to equal weight while simultaneously increasing the price target from $410 to $425. This decision presents a complex scenario for investors, as it suggests a cautious stance despite a higher valuation.