SpaceX is preparing a $75 billion IPO targeting a $1.75–2 trillion valuation, which would make it the largest in history. Critics warn that retail-driven enthusiasm and a cult-like following could inflate its valuation to 219× trailing earnings, creating a meme-stock risk that may correct after lock-up expirations.

Elevate Capital Advisors increased its Tesla position by 179.8%, acquiring 1,742 additional shares to hold 2,711 shares in total. In contrast, Factory Mutual Insurance reduced its stake by 2.5%, selling 6,850 shares to hold 262,550 shares, reflecting divergent institutional views on Tesla’s near-term outlook.

Tesla, together with SpaceX, is intensifying efforts to control its supply chain by bringing more component production in-house. This strategy aims to improve resilience against external disruptions, lower costs and secure critical inputs for battery, vehicle and launch systems.

Former Tesla President Jon McNeill’s new book outlines a five-step playbook—question everything, simplify, run manually, speed up, automate last—that drove Tesla’s rapid growth. He highlights cash velocity and cycle time as key health metrics and suggests the framework can disrupt sectors like wealth management and AI-driven services.