SpaceX Files for Historic $75 Billion IPO

Elon Musk’s SpaceX is officially moving toward the largest initial public offering in history, filing with the SEC to sell 555.6 million shares at a fixed price of $135 each Al Jazeera. The offering targets a total capital raise of $75 billion, more than doubling the previous $29 billion record held by Saudi Aramco Business Insider. The filing implies a total company valuation of approximately $1.77 trillion, which would rank SpaceX as the world’s seventh-largest company, positioned just ahead of Tesla and Meta Al Jazeera.

Wall Street is mobilizing for the June 12 debut on the Nasdaq. JPMorgan CEO Jamie Dimon is reportedly hosting a live interactive discussion today with SpaceX President Gwynne Shotwell and CFO Bret Johnsen to pitch the offering to the bank's ultra-wealthy clients Bloomberg. Despite the massive valuation, the company remains unprofitable, reporting a net loss of $4.9 billion on $18.7 billion in revenue for 2025 Al Jazeera. Musk will retain roughly 82% of voting rights through a dual-class stock structure Business Insider.

Tesla Scales Unsupervised Robotaxi in Austin

Tesla has expanded its unsupervised robotaxi service area to encompass the "entire Austin Metro area," including major suburbs like Pflugerville and Manor CleanTechnica. This expansion allows vehicles to operate without a human safety monitor behind the wheel across Gigafactory Texas and Austin-Bergstrom Airport CleanTechnica. The move signals increased confidence in the FSD stack, though the actual fleet size remains small compared to rivals like Waymo, which has 619 registered autonomous vehicles in the state Business Insider.

While the geographic footprint has doubled, real-world data suggests the hardware deployment is lagging. Third-party tracking indicates only about 21 unsupervised Tesla cars are currently active in Austin, down from higher estimates earlier this year CleanTechnica. This discrepancy highlights the gap between Tesla's aggressive software geofencing and its physical fleet availability as it struggles to meet Musk's goal of 500 robotaxis in Austin by year-end Business Insider.

FSD Safety Claims Under Fire

A new Reuters investigation has cast doubt on Tesla’s claim that Full Self-Driving (FSD) is significantly safer than human drivers, calling the company's math "flawed" Yahoo Autos. Tesla allegedly compared its own data on airbag-deployment crashes against broader federal data that includes all tow-away crashes, which is a much wider category Yahoo Autos. When University of Michigan researchers adjusted the comparison to only include airbag-deployment incidents on both sides, Tesla's safety advantage shrank from 10x to roughly 3x Yahoo Autos.

Further complicating the narrative, former Tesla data labelers reported they would not trust the system to drive them, citing frequent failures near emergency vehicles and construction zones Yahoo Autos. Additionally, NHTSA currently has four active investigations into FSD and Autopilot performance, specifically focusing on incidents involving red lights and reduced visibility conditions like sun glare Yahoo Autos.

Market Watch

TSLA is currently trading down following a close of $418.10, representing a -1.32% decline from the previous session. The stock faces pressure as investors weigh the massive SpaceX valuation—which could siphon capital from TSLA—against ongoing FSD safety probes. Despite the dip, Tesla remains a dominant force in international markets; the Model Y regained its position as the best-selling vehicle of any powertrain in Australia for May 2026 CleanTechnica.