Back to News
Jun 9, 2026 12:00 PM

Tesla Stock Wobbles As Elon Musk Lines Up The SpaceX IPO

Tesla, Inc. (NASDAQ:TSLA) shares dropped about 1.5% Tuesday morning, after a strong showing on Monday when the stock surged 4.59% to close at $408.95, per Benzinga Pro. 

The moves have nothing to do with a delivery miss, an Elon Musk social media post or a product delay. Investors are attempting to price in something bigger: the imminent arrival of Musk’s second trillion-dollar public company.

TSLA stock is moving ahead of the SpaceX IPO. Watch the price action here. 

SpaceX is set to begin trading on the Nasdaq this Friday, after pricing 555.6 million Class A shares at a fixed $135 each, a raise of $75 billion that would dwarf Saudi Aramco’s 2019 record and land SpaceX at a roughly $1.75 trillion implied valuation. 

Final pricing comes Thursday evening. By Friday morning, Musk will be running two of the largest public companies on the planet simultaneously. For TSLA shareholders, the week carries both promise and peril.

Read Also: