Wedbush Securities

SpaceX president Gwynne Shotwell did not rule out a potential merger between Tesla and SpaceX, noting possible synergies and that it 'might make Elon's life a little easier.' Analysts and investors have increasingly speculated about a merger, with Wedbush Securities' Dan Ives predicting a 2024 consolidation. The discussion follows SpaceX's $75 billion IPO, valuing it at $1.75 trillion compared to Tesla's $1.25 trillion market cap.

SpaceX is set to debut on Wall Street with a $75 billion IPO, offering 555.6 million shares at $135 each. Elon Musk retains majority control via special shares, while the company cites capital needs for Starlink satellites and AI data centers in space as key reasons for going public. Critics question governance provisions, including mandatory arbitration and Musk's centralized power.

Elon Musk's SpaceX is set to debut on Wall Street with a $75 billion IPO, offering 555.6 million shares at $135 each. The company aims to fund next-generation Starlink satellites and Mars colonization efforts, with Musk retaining majority control through special shares. Critics have raised concerns about governance issues, including super voting rights and mandatory arbitration for shareholders.

SpaceX is set to launch a $75 billion IPO at $135 per share, valuing the company at $1.77 trillion, with analysts divided over its fundamentals versus growth potential. The offering, which is oversubscribed, reflects investor enthusiasm for AI-driven ventures, while debates persist over its 94x trailing sales valuation. Analyst Dan Ives predicts a potential merger with Tesla, citing SpaceX's AI infrastructure deals with Google and Anthropic.

CME Group launched 24/7 trading for cryptocurrency futures and options, including Bitcoin Volatility futures, addressing a gap in continuous trading for crypto assets. The rollout saw over 7,200 contracts traded in the first weekend, with $50 million in notional value, driven by retail and institutional demand.