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SpaceX share sale expected to back $400 billion valuation
The new SpaceX valuation would represent yet another record-high as far as privately-held companies in the U.S. go.

A new report this week suggests that Elon Musk-led rocket company SpaceX is considering an insider share sale that would value the company at $400 billion.
SpaceX is set to launch a primary fundraising round and sell a small number of new shares to investors, according to the report from Bloomberg, which cited people familiar with the matter who asked to remain anonymous due to the information not yet being public. Additionally, the company would sell shares from employees and early investors in a follow-up round, while the primary round would determine the price for the secondary round.
The valuation would represent the largest in history from a privately-owned company in the U.S., surpassing SpaceX’s previous record of $350 billion after a share buyback in December. Rivaling company valuations include ByteDance, the parent company of TikTok, as well as OpenAI.
Bloomberg went on to say that a SpaceX representative didn’t respond to a request for comment at the time of publishing. The publication also notes that the details of such a deal could still change, especially depending on interest from the insider sellers and share buyers.
Axiom’s Ax-4 astronauts arriving to the ISS! https://t.co/WQtTODaYfj
— TESLARATI (@Teslarati) June 26, 2025
READ MORE ON SPACEX: SpaceX to decommission Dragon spacecraft in response to Pres. Trump war of words with Elon Musk
SpaceX’s valuation comes from a few different key factors, especially including the continued expansion of the company’s Starlink satellite internet company. According to the report, Starlink accounts for over half of the company’s yearly revenue. Meanwhile, the company produced its 10 millionth Starlink kit last month.
The company also continues to develop its Starship reusable rocket program, despite the company experiencing an explosion of the rocket on the test stand in Texas last month.
The company has also launched payloads for a number of companies and government contracts. In recent weeks, SpaceX launched Axiom’s Ax-4 mission, sending four astronauts to the International Space Station (ISS) for a 14-day stay to work on around 60 scientific experiments. The mission was launched using the SpaceX Falcon 9 rocket and a new Crew Dragon capsule, while the research is expected to span a range of fields including biology, material and physical sciences, and demonstrations of specialized technology.
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Tesla Samsung AI6 deal can shake up chip industry’s power balance: Top Apple analyst Ming-Chi Kuo
Tesla deal could reinvigorate the South Korean tech giant’s foundry business, the analyst noted.

Renowned tech analyst Ming-Chi Kuo of TF International Securities has shared some insights on Tesla’s $16.5 billion AI6 deal with Samsung. As per the analyst, the deal is a valuable opportunity for Tesla to bolster its chip design and manufacturing expertise.
Kuo’s endorsement, which was posted on X, highlighted the deal’s potential to reshape the electric vehicle maker’s supply chain and strengthen its standing in the semiconductor landscape.
Tesla’s Strategic Gain
Kuo, who widely regarded as the “best Apple analyst on the planet” due to his eerily accurate forecasts, noted that the Tesla-Samsung partnership is a game-changer. He emphasized that Tesla’s access to Samsung’s Texas foundry will enhance the EV maker’s chip design capabilities. This was highlighted by CEO Elon Musk on X, when he stated that he would be walking the line “personally to accelerate the pace” of the facility’s progress.
“For Elon Musk and Tesla, this represents a valuable opportunity to gain real-world foundry experience at an exceptionally low cost — something TSMC would never allow,” Kuo wrote in his X post.
The deal tasks Samsung’s new Taylor, Texas, facility with producing Tesla’s AI6 chips, which are expected to be used for large volume products like the Cybercab and Optimus. Kuo’s analysis highlighted that the move diversifies Tesla’s reliance on Taiwan Semiconductor Manufacturing Co. (TSMC), which has been contracted to produce the EV maker’s AI5 chip.
Challenges and Optimism
Kuo acknowledged risks in Samsung’s 2nm SF2 process, which has a lower yield compared to TSMC’s 2nm N2 node. Yet, he remains optimistic, noting that “Elon Musk’s execution is proven, and SF2’s adoption of the same GAA technology as SF3 should facilitate mass production.”
Even if Samsung were to falter, Kuo noted that Tesla could simply shift its AI6 deal to TSMC, absorbing design know-how in the process. TSMC, after all, would likely accept Tesla’s business considering the scale of the company’s Cybercab and Optimus business.
“If production falls short of expectations, the worst-case scenario for Tesla would be to shift the order back to TSMC and absorb the resulting delays to AI6. However, Tesla’s edge in real-world AI could significantly reduce the risk of AI6 delays. Regardless, Tesla still gains from enhanced design capabilities and deeper chip manufacturing know-how,” Kuo wrote.
For Samsung, Kuo sees the deal as a low-risk, high-reward scenario. The Tesla deal could then reinvigorate the South Korean tech giant’s foundry business, positioning Samsung as a viable TSMC rival.
“If AI6 reaches mass production smoothly, chip design and manufacturing could become a core competitive advantage across Elon Musk’s businesses — enabling greater flexibility and lower costs. While Samsung may not fully catch up with TSMC in advanced nodes, it has at least discovered a new business model that actively involves customers in the manufacturing process,” the analyst wrote.
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Elon Musk highlights Tesla Model Y’s most underrated feature
Beyond its utility, reasonable price, and performance, lies an aspect of the Model Y that Tesla has obsessed over since its development.

Elon Musk recently highlighted what could arguably be the Model Y’s most underrated feature. The all-electric crossover has been lauded for many things, but beyond its utility, reasonable price, and performance, lies an aspect of the vehicle that Tesla has obsessed over since its development—its safety.
The Model Y’s rise
Tesla designed the Model Y to be the company’s best-selling vehicle. Produced on the heels of the Model 3, the Model Y was a vehicle that Elon Musk noted would outsell the Model 3, Model S, and Model X combined. Prior to its start of deliveries, such an accolade seemed far-fetched, since the Model 3 was such a domineering force in the EV sector.
It only took a matter of time before Elon Musk was proven right. The Model Y would go on to become Tesla’s best-selling vehicle by a wide margin. And in 2023 and 2024, the Model Y sold so much that it actually took the crown as the world’s best-selling car by volume. A lot of this was due to its balance between affordability, performance, and tech. There is simply no other car in its price range that offers comparable value for its price.
Tesla’s safety obsession
While the Model Y’s sales and performance in the automotive market are already impressive, its safety is also top-notch. Just recently, the new Model Y was able to earn a Top Safety Pick + rating from the Insurance Institute for Highway Safety (IIHS), the fifth year in a row that the all-electric crossover was able to earn the prestigious accolade. To attain such a high rating, the Model Y would have to achieve “Good” results across the IIHS’ rigorous tests.
This was highlighted by CEO Elon Musk in a recent post on X. In response to a post about the new Model Y earning the highest safety rating from the IIHS, Musk highlighted the vehicle “rated highest in safety.” This is no exaggeration, as the Model Y has proven its safety and durability over the years. This has been proven time and time again, with the Model Y protecting its occupants even in the most serious of accidents.
A good example of this happened in January 2023, when a Model Y fell 250 feet down Devil’s Slide in California. The incident was disturbing, as it was later revealed that the driver intended to harm his wife and children by driving the Model Y off a cliff. The Model Y proved safe enough to save the family, and all four—the driver, his wife, and their two kids—survived the harrowing incident.
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Tesla hints a smaller pickup truck could be on the way
Tesla has considered a smaller EV pickup, and sounds as if it is actively developing one in its Design Studio.

Tesla hinted that a smaller pickup truck could be on the way, but the company did not clarify whether it would be an abbreviated version of the Cybertruck, or a new design altogether.
The Cybertruck is unlike any vehicle that has ever come before it. Some other vehicles, like the DeLorean, have had similar shapes, but no manufacturer or pickup brand has ever tried to build such an interesting and unorthodox truck, especially in the quantity Tesla builds them.
Only available in North America and the United Arab Emirates (for order as of now, as deliveries are not expected until the end of this year), the Cybertruck has not made its way to areas like Europe or Asia, where Tesla has a sizeable presence. Much of this is due to the sheer size of the pickup, which would not be an ideal vehicle for many of the tight streets and various traffic conditions.
Elon Musk hints at smaller Tesla Cybertruck version down the road
Tesla already made the Cybertruck smaller before it started manufacturing it and delivering it to customers in October 2023. This was to help it fit inside the Boring Company tunnels, but it also seemed as if it just needed a slight scaling back for general public use.
Tesla’s VP of Powertrain, Lars Moravy, spoke on Saturday at the X Takeover about a significant change in the Tesla lineup that has been discussed internally by the company, as questions relating to the Cybertruck’s size and its ability to be useful or practical in other markets continue to be questioned.
He was asked, “Do you see a need for a smaller, more globally scalable version to serve broader, more urban or international segments of the pickup market?”
He said:
“We always talked about making a smaller pickup. I think in the future, as more and more of the Robotaxi comes into the world, we look at those options and we think about, ‘Okay, that kind of service is useful not just for people, but also for goods.”
He continued by stating that Tesla has been working in its Design Studio, located in Hawthorne, California, with potential designs:
“We’ve definitely been churning in the design studio about what we might do to serve that need, for sure.”
The question and answer start at the 22:22 mark of the video below:
Join Tesla VP @larsmoravy for an exclusive keynote on cutting-edge vehicle engineering! Insider views on Cybertruck, Robotaxi, & sustainable energy innovations.
Watch live on @teslaownersSV from X Takeover 2025 in San Mateo! @corporatestrea1 https://t.co/Fk7kAF3ZfW— Tesla Owners Silicon Valley (@teslaownersSV) July 26, 2025
It sounds as if the question is phrased as, “Will Tesla develop a smaller Cybertruck?” while Lars’s answer only specifies “pickup,” and not necessarily “a smaller Cybertruck.”
It also seems that, if Tesla is doing as much work as it sounds like in the Design Studio, perhaps it is mulling a new pickup design altogether. The Cybertruck has been the best-selling electric pickup on many occasions from a quarterly perspective, and it was the best-selling EV pickup in 2024.
Tesla has designed smaller pickups in the past, but they’ve never made it to market. An exhibit at the Petersen Automotive Museum in Los Angeles showed internal drawings of pickup concepts that Tesla considered for its lineup.
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