Market Update
US stocks climbed Friday, buoyed by hopes of a U.S.-Iran peace deal and the historic debut of SpaceX, which surged past its IPO price [1]. Progress in peace talks eased inflation and interest rate concerns. Other space stocks saw a slight pullback. SpaceX's strong opening captivated investors despite its recent losses.
Tesla Stock
Tesla stock is barely budging on the news of Elon Musk becoming the world’s first trillionaire, trading near $403 and up 1% in midday action on Friday [2]. The disconnect is hard to ignore. Musk’s combined SpaceX and Tesla stakes are largely responsible for his new status. TSLA is still down 11% in 2026.
Tech News
London Tech Week 2026 saw a £1.1bn UK hardware plan, AMD's £2bn, and Nebius's £1.7bn [3]. US giants such as NVDA and MSFT are expanding. Meanwhile, Elon Musk's trillionaire status is hard to fathom, but it puts his wealth in perspective compared to other tech giants like AAPL and GOOGL [4].