Tesla Shares Edge Higher as Market Eyes SpaceX's Potential Record $2 Trillion IPO Filing

Tesla (TSLA) stock rose 1.8% to $433.59 on May 26, 2026, as investor attention shifted toward Elon Musk's SpaceX following its public IPO registration filing last week. The gain outpaced the broader S&P 500's 0.6% advance, while the Dow Jones Industrial Average dipped 0.2%. Tesla shares are down roughly 5% year-to-date but remain up about 26% over the past 12 months. SpaceX's upcoming initial public offering could value the rocket company at $2 trillion, potentially marking a record-breaking debut. The filing has sparked speculation that some Tesla investors may sell shares to buy into the IPO, creating near-term pressure on the electric vehicle maker's stock. Tesla currently holds approximately 19 million SpaceX shares, and the two firms have deepened ties through joint projects including semiconductor wafer facilities and artificial intelligence development. Wall Street analysts largely consider any potential merger unlikely before SpaceX completes its public listing.