SpaceX IPO could weigh on Tesla as investors chase new growth story
Tesla shares continue to trade on expectations of future growth in artificial intelligence, autonomous transportation, and robotics. The launch of the robotaxi service in Austin has supported investor optimism, but a new risk factor has emerged — the upcoming SpaceX IPO.
This week, Tesla announced the launch of its robotaxi service in Austin, marking another step toward the commercialization of autonomous transportation.
However, Tesla's investment story now extends far beyond electric vehicles. Investors increasingly value the company through the lens of artificial intelligence, robotics, and the Optimus project. These business segments are largely responsible for the premium valuation currently assigned to Tesla shares.
Could SpaceX hurt Tesla?
Many investors view Tesla as a bet not only on electric vehicles but also on Elon Musk himself. If SpaceX becomes a publicly traded company, some capital could shift into a business that dominates the markets for space launches and satellite internet services.This risk is particularly important for Tesla, as the company increasingly competes for investor capital not with traditional automakers, but with the world's largest AI companies.
SpaceX plans to launch a record-breaking $75 billion IPO at a valuation of $1.75 trillion, with trading on Nasdaq expected to begin on June 12. At the same time, Tesla investors who have held the stock for more than 10 years will receive special access to the historic offering.
As a result, many market participants are asking whether some investors may begin taking profits in Tesla shares in order to buy stock in the newly public SpaceX.
On the other hand, the SpaceX IPO could generate additional interest in all of Elon Musk's companies, including Tesla.
Traders await direction
This uncertainty is also reflected on TSLA's daily chart. The stock is currently testing a trendline near $418.50. The 200-day simple moving average (SMA), located at approximately $413.93, is also situated in this area and serves as an additional zone of interest for traders.From a technical perspective, this trading range is likely to determine Tesla's next directional move. If the stock breaks below $418.50 and confirms a move below the 200-day SMA at $413.93, downside momentum could accelerate toward the psychological support level at $400.
If positive market sentiment remains intact, the next upside target for TSLA could be $445.
SpaceX and AI stocks could challenge Tesla's appeal to investors
In the coming months, investors will be watching not only Tesla itself but also developments surrounding SpaceX. If the IPO attracts significant market interest, some capital could rotate into a new growth story within Elon Musk's business ecosystem.Additional pressure could come from a broader sell-off in AI-related stocks. As noted above, Tesla is increasingly competing with those companies for investor capital.
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