Tesla investors received an exciting piece of news: Elon Musk’s SpaceX might go public in 2026, raising up to $30 billion. As a privately held company, SpaceX is valued at around $400 billion, making it the most valuable aerospace and defense firm in the world.
The company is aiming for a valuation as high as $1.5 trillion. While Musk initially downplayed the need for cash, he recently appeared to confirm the initial public offering (IPO) plans. With over 8 million subscribers to its space-based broadband business, Starlink, investors are eager to be a part of SpaceX.
A SpaceX IPO could lead to speculation about Musk bringing his tech empire under one roof. Tesla shareholders have already approved a nonbinding proposal to invest in Musk’s artificial-intelligence company, xAI. This could result in the formation of a larger X Corp, with significant earnings growth potential for Tesla’s AI efforts, including robo-taxis and robots.
This week, the dollar slipped as investors awaited the Federal Reserve policy meeting results. Stocks started the week on a low note, but the Dow industrials rose 1% by the end. The S&P 500 lost 0.6%, and the Nasdaq Composite shed 1.6%. Notable deals include Trump’s $12 billion one-time payment for farmers hurt by tariffs and Nvidia’s export of H200 chips to China.
Next week, the Bureau of Labor Statistics will release the jobs report for November, along with partial October data. The Census Bureau will also report retail sales statistics for October. Additionally, the BLS will release the consumer price index for November, providing insights into the current state of the economy.
Some key statistics to note include China’s trade surplus in goods, which has reached $1.1 trillion for the first 11 months of 2025. The US has borrowed $439 billion in the first two months of fiscal 2026, suggesting a $2 trillion deficit by year-end. Venture-capital funds have raised $46 billion in the first nine months of 2025, the lowest since 2017. Meanwhile, the volume of global M&A deals over $10 billion has reached a record $1.23 trillion so far this year.
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