SpaceX valuation surpasses Tesla, merger rumors swirl

SpaceX's market capitalization has surged past Tesla's, reaching $2.1 trillion and positioning it as the sixth most valuable U.S.-listed company. This significant valuation increase fuels ongoing speculation about a potential merger between the two Elon Musk-led companies. SpaceX president Gwynne Shotwell hinted at the possibility, suggesting it could simplify Musk's operations. Meanwhile, Apple has divested its autonomous vehicle proving grounds in Arizona, selling the 5,500-acre property for $220 million to Waymo, indicating a strategic shift away from its car project. Several other mobility and AI-focused startups also secured significant funding rounds.