mobility

The upcoming SpaceX IPO is touted to be the biggest public offering since Aramco in 2019. However, the more than $1.7 trillion valuation puts it further ahead than some of the biggest companies on the S&P 500 index, operated by the S&P Dow Jones Indices. SpaceX IPO Is Bigger Than S&P...

Gov. Jay Robert ‘JB’ Pritzker (D-IL) on Tuesday shared that his administration would not be hiking taxes on gas as the Iran war continues to spark price rises at the pump. Illinois Cuts Inflation On Gas Tax In a post on X, Pritzker shared that the government “eliminated this year'...

SpaceX and Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk predicted that the commercial space flight giant could exceed orbital payload timelines and expectations. One Million Tons In Five Years On Tuesday, influencer Sawyer Merritt took to the social media platform X to outline details from a new SpaceX...

Stellantis N.V. (NYSE:STLA) shares rose nearly 1% in Tuesday's premarket session after the automaker announced a new real-world autonomous-driving testing program with its technology partners. The move came as U.S. index ETFs also traded higher before the opening bell. What Is Stellantis’...

U.S. and Canadian officials are reportedly planning to open a key bridge connecting Michigan with Canada’s Ontario Province in the coming days, despite President Donald Trump‘s earlier threats to stop it from opening. Gordie Howe Bridge To Open? Officials will host a ribbon-cutting...

Chinese automaker NIO Inc. (NYSE:NIO) has pushed back against the President Donald Trump administration’s move to declare the Tesla Inc. (NASDAQ:TSLA) rival a Chinese military company. Nio Threatens Legal Action On Tuesday, Nio released an official statement condemning the decision by the...

Alphabet Inc.-backed (NASDAQ:GOOGL) (NASDAQ:GOOG) Waymo has reportedly acquired Apple Inc.‘s (NASDAQ:AAPL) self-driving proving facility in Arizona for $220 million. Waymo Acquires Apple Facility On Monday, the Phoenix Business Journal first reported that Waymo acquired the property from...

Tesla Inc. (NASDAQ:TSLA) reported growth in its Chinese retail sales and exports during May as the Elon Musk-led EV giant tries to regain sales dominance. Sales Grow In China In a post on X on Monday, influencer Tsla Chan cited data released by the China Passenger Car Association (CPCA), which...

SpaceX and Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk hailed investor Ron Baron after the latter predicted that SpaceX could go on to become the most profitable and valuable company of all time ahead of its anticipated IPO. SpaceX To $30 Trillion? In a post on the social media platform X on Saturday,...

The past week had major developments for Elon Musk-led Tesla Inc. (NASDAQ:TSLA), with headlines buzzing with news about the upcoming SpaceX IPO, Tesla’s robotaxi fleet, as well as the CEO’s comments on the Terafab facility. Here’s a quick recap of the top stories. Tesla’s...

Transportation Secretary Sean Duffy criticized former President Joe Biden and former Transportation Secretary Pete Buttigieg for stalling grants focused on enhancing transportation infrastructure. Rebuilding America In a post on X on Thursday, Duffy shared that since he took office, the Department...

SpaceX CEO Elon Musk on Thursday outlined that the company’s Starlink satellite internet service’s low-Earth-orbit constellation had over 10,000 satellites. 10,000 Satellites In Orbit Quoting a post by SpaceX on the social media platform X, Musk hailed the Falcon 9 rocket putting...

NYU Stern Professor Aswath Damodaran, who is also known as the “Dean of Valuation,” says that he will avoid participating in the upcoming SpaceX IPO, citing several issues with the commercial space flight giant. Narrative-Driven Value In a thread on the social media platform X on...

Chinese carmakers BYD Co. Ltd. (OTC:BYDDY) (OTC:BYDDF) and Chery Automobile are accelerating overseas sales as they seek higher profits outside a slowing home market and benefit from rising global demand for electric vehicles. Chery Overseas Sales Outpace Home Market Chery, China's largest vehicle...

SpaceX’s blockbuster IPO aims to raise over $75 billion via its upcoming listing in June, but the Elon Musk-led company could get an additional boost via its underwriters, like Goldman Sachs Group Inc. (NYSE:GS). An Underwriter-Backed Boost In a post on the social media platform X on...