Tesla Shares Slip as SpaceX’s $75 Billion IPO Shakes Up Musk Plays
SpaceX’s record $75 billion IPO at $135 per share values the company at $1.77 trillion, surpassing Tesla and Meta, while Tesla shares fell nearly 10% this week as investors reportedly sold TSLA to buy into SpaceX’s massive retail allocation, raising concerns about ongoing selling pressure and shifting Musk-linked capital.