7 hours ago
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Kirsten Korosec
Sun, June 14, 2026 astatine 11:05 AM CDT 6 min read
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I won’t walk excessively overmuch clip rehashing the SpaceX IPO — each media outlet, including TechCrunch, has spilled tremendous amounts of integer ink connected the company’s archetypal time of trading. But determination are 2 important information points to enactment for anyone who intimately watches the “future of transportation” industry.
As of marketplace adjacent Friday, SpaceX has a marketplace headdress of $2.1 trillion, rocketing past Musk’s different publically traded company, Tesla. SpaceX is presently the sixth astir invaluable U.S.-listed company, down Nvidia, Apple, Alphabet, Microsoft, and Amazon. Tesla’s marketplace headdress was $1.52 trillion arsenic of marketplace close.
These 2 companies could soon go one. There person been plentifulness of hints and speculation. Last week, elder newsman Sean O’Kane spotted caller connection successful SpaceX’s S-1 papers that warns investors of aboriginal dilution. The further condemnation reads, “We whitethorn contented a important magnitude of equity successful transportation with aboriginal transactions.” This isn’t a forecast of immoderate small-scale deal; it apt means Tesla.
On opening day, SpaceX president and COO Gwynne Shotwell added substance to the speculative fire. During an interrogation with CNBC, Shotwell seemed unfastened to the thought and said a merger “might marque Elon’s beingness a small easier.”
And if you bash privation to work more, we person conveniently packed everything unneurotic successful a azygous spot, including stories connected who wins (Elon Musk) and who mightiness not (lower-tier SPV investors).
A small vertebrate
Senior newsman Tim De Chant heard from a small vertebrate who is acquainted with GM and its interior workings that a “foreign supplier” is providing lithium-iron-phosphate (LFP) cells for the 2027 Chevrolet Bolt — and that the automaker presently has nary plans to marque LFPs for its EVs.
Previously, a Wall Street Journal study said the statement with the overseas supplier — identified arsenic Chinese artillery shaper CATL — was a impermanent stopgap. De Chant heard that GM is starting accumulation of LFP astatine an Ultium works successful the coming weeks, but those cells are destined for energy-storage systems made by LG Energy Solution. The automaker hasn’t yet decided whether LFP has a aboriginal successful an EV beyond the Bolt.
Meanwhile, EV shaper Lucid Motors is going done a spot of executive-level disruption. Emad Dlala, a apical enforcement astatine Lucid, has near the institution conscionable months aft being promoted to a starring role, TechCrunch has learned. Dlala’s exit is the archetypal large enforcement departure since Lucid Motors named Silvio Napoli arsenic its caller CEO successful April. And we perceive determination whitethorn beryllium much coming.
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