Tucked inside SpaceX's pre-IPO S-1 filing are two project names most investors have never heard.
The highly anticipated SpaceX IPO is now scheduled for June 12, 2026, with a targeted valuation of around $2 trillion, which is set to position founder Elon Musk as the world's first trillionaire.
SpaceX finally unveiled its long-awaited initial public offering filing on Wednesday, setting off intense scrutiny across Wall Street as investors rushed to assess the finances, ambitions and risks tied to Elon Musk's sprawling space and artificial-intelligence empire. The company, formally registered as Space Exploration Technologies Corp., disclosed in its S-1 filing with the US Securities and Exchange Commission that it plans to list its Class A common stock on Nasdaq and Nasdaq Texas under the ticker symbol SPCX.
Tesla's Full Self-Driving (Supervised) driver assistance software is now available in Lithuania, the second European country to approve its use, as the company pushes to position itself as an AI and robotics powerhouse and not just an automaker.
Shares of Tesla (TSLA) staged a sharp rebound on Wednesday, rising roughly 2% and surging well above the psychologically important $400 level after several sessions of selling pressure. The recovery followed a difficult stretch in which Tesla shares had fallen sharply.
Last week, it was reported that Tesla Inc NASDAQ: TSLA had produced its final Model S and Model X vehicles at its Fremont, California factory, drawing the curtain on 14 years of Model S production and 11 years of Model X production.
Tesla (NASDAQ:TSLA | TSLA Price Prediction) just reported its strongest quarter in years.
Tesla's former head of artificial intelligence, Andrej Karpathy, is joining Anthropic — while his old boss, Elon Musk, ties SpaceX more tightly to the AI startup.
Karpathy is among the most influential figures in modern AI. He focused on deep learning and computer vision at OpenAI before leaving in 2017 for Tesla, where he led the Full Self-Driving and Autopilot programs until 2022.
Tesla Inc (NASDAQ:TSLA) shares fell more than 3% on Tuesday, pressured by a combination of legal setbacks, a price increase on its best-selling model and growing concern that an imminent SpaceX listing will draw investor capital away from the electric vehicle maker. Much of the selling pressure has been building over the past week rather than from a single catalyst.
Karpathy joined Anthropic's pretraining team and will lead a new group focused on using Claude to accelerate pretraining research, according to the company.
Former Tesla AI executive and one of OpenAI's founding members Andrej Karpathy has joined Anthropic, he said on Tuesday.