- Elon Musk announced efforts to allow Tesla shareholders to obtain stock in SpaceX and suggested a future public offering for the company.
- At Tesla’s annual general meeting, shareholders approved Musk’s compensation package, valued as high as $1 trillion.
- SpaceX now holds a reported $400 billion valuation and has secured major contracts with the U.S. government.
- Tesla also revealed new vehicle designs and confirmed the next-generation Roadster would be showcased on April 1, 2026.
- Tesla’s stock price has increased 10.4% year-to-date as of the last market close.
Elon Musk told attendees at Tesla’s annual general meeting that he is working on new ways for Tesla shareholders to have access to SpaceX stock. Musk stated that “at some point SpaceX should become a public company despite all the downsides of being public,” as mentioned during the event. While no specific timeline was provided, he confirmed that the idea has received significant thought.
SpaceX is currently valued at $400 billion and is considered one of the world’s largest private companies. Recently, the company was awarded a $5.9 billion U.S. government contract to complete 28 rocket missions by 2029 under the Space Force program, according to relevant reports. In addition, SpaceX may receive $2 billion in federal funding for satellite development tied to the Golden Dome project.
During the same Tesla meeting, shareholders voted to approve Musk’s pay package, which can reach up to $1 trillion at its highest value. Musk also presented updated designs for the Tesla Cybercab and Semi Truck and announced intentions to unveil the next-generation Roadster on April 1, 2026.
Tesla’s stock gained 1.6% after hours following the meeting. According to recent trading data, retail investor sentiment shifted to bullish, and Tesla shares are up 10.4% in 2024 year-to-date.
Separately, OpenAI, another major private technology company, is reportedly exploring a public offering that could be valued at approximately $1 trillion.
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