SpaceX's IPO is imminent, and analysts are currently divided on the impact it will have on Tesla's stock price.
With Musk's SpaceX possibly going public next year, traders seeking to "invest in Musk concept stocks" may soon have another way to invest. However, Horizon Investments analyst Dmitry Shlyapnikov said, "SpaceX's IPO could bring some selling pressure to Tesla's stock. Some investors hold Tesla because they want to invest in Musk's ideas, not because it is a car company." Another view is that SpaceX going public could attract more attention to Musk, thereby bringing another wave of growth momentum to Tesla. "Historically, when one of Musk's companies reaches a major milestone, it often boosts market sentiment for other companies," said 50 Park Investments CEO Adam Sahn. "The highly anticipated SpaceX IPO may attract a new wave of investors drawn to its innovative story - and this enthusiasm often spills over to Tesla."
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