SpaceX filed for a $75 billion IPO offering 555.6 million shares at $135 each, targeting a near-$1.8 trillion fully diluted valuation and Nasdaq listing under SPCX on June 12. BYD launched a one-year accident-liability warranty in China covering Urban Navigate on Autopilot third-party and injury losses, heightening pressure on Tesla’s Assisted Driving efforts.
SpaceX plans to offer roughly 555.6 million shares at $135 each to raise $75 billion and seeks a near-$1.8 trillion fully diluted valuation. Trading is set to commence June 12 under the ticker SPCX on Nasdaq and Nasdaq Texas.
Musk is poised to retain 84.4% voting power post-IPO via Class B shares, while his 6.4 billion-share stake remains locked for 366 days. The offering may influence investor capital allocation between Tesla holdings and a potential mega-debut in space and AI infrastructure.
BYD introduced a one-year accident-liability warranty in China covering all economic losses from Urban Navigate on Autopilot, including third-party damage and personal injury. The guarantee excludes certain functions, requires regulatory compliance, and supplements but does not replace standard insurance.
The warranty underscores a direct challenge to Tesla’s Assisted Driving offering, highlighting liability-backed assurances absent from Full Self Driving. Investors may weigh this move against Tesla’s supervised label, pending robotaxi expansions, and fewer than 50 registered unit counts in Texas.
