Tesla shares hold steady amid SpaceX IPO and merger rumors
Business
Tesla's stock barely budged after SpaceX's much-hyped initial public offering on June 11.
Despite some early worries that investors might ditch Tesla for SpaceX, both companies are still grabbing attention, especially with fresh rumors swirling about a possible merger.
SpaceX shares dip below $150
SpaceX kicked off trading at $150 per share and closed Thursday at $152.16, but is now back below $150 after a Friday drop.
Retail investors are piling in, and most analysts say it's a "buy," expecting shares to climb 55% over the next year.
Still, there are questions about whether SpaceX can really live up to its $2 trillion price tag, though many believe it could follow Tesla's path from skepticism to major growth.