Who can buy shares in Elon Musk's SpaceX?

JPMorgan upgraded Tesla to “neutral” from “underweight” (equivalent to sell), removing a sell rating it had held since July 2023, citing Tesla’s vertically integrated supply chain and AI capabilities, according to a note by analyst Rajat Gupta. The change comes ahead of SpaceX’s June 12 Nasdaq IPO, with Wall Street index rules in focus.

Japan’s Digital Minister Hisashi Matsumoto warned that if the country falls behind on AI development, it could become an “AI colony.” He defended a government bill amending Japan’s personal data protection law to let AI developers train models using data like medical and criminal records without individual consent. Opposition parties cited breach risks; the bill passed the lower house and is now in the upper house.

Fundstrat’s Tom Lee told investors at a Paris conference that a “crypto spring” is already underway, citing potential oil-price declines from an Iran war ceasefire, Ethereum’s inverse correlation to oil, and reduced Ethereum Foundation holdings (down to ~0.1% of supply). He also cited Bitmine’s staking rewards, Russell 1000 inclusion (June 26), and tokenization/AI. He predicted ETH could reach $22,000 and Bitmine stock $500.

Alphabet shares (GOOG/GOOGL) fell 1.14% to $365.06 premarket, according to Benzinga Pro. The pressure follows Alphabet’s proposed $80 billion AI capital raise: a $30 billion underwritten offering, a $40 billion at-the-market program starting Q3, and a $10 billion private placement to Berkshire Hathaway. Alphabet also raised capex guidance to $180–$190 billion.

Apple will permanently close its North County Mall retail store in Escondido, California on June 20, citing deteriorating mall conditions and other retailers’ departures, and will exit three mall stores nationwide that day. Apple says staff at California and Connecticut sites won’t be laid off and will move to nearby stores; the Maryland store closure may affect 78–90 employees. Apple reported about $146.6B cash and marketable securities in its latest filing.

Friday’s market wrap and analyst calls covered rotation after Broadcom’s results. The Dow rose 1.73% to a record 51,561; S&P 500 gained 0.41% to 7,584; Nasdaq fell 0.09% to 26,830. Treasury yields declined (10-year 4.48%, 30-year 4.98%) on ceasefire optimism and lower oil. Oil fell (Brent $95.18, -2.69%; WTI $93.01, -3.31%). Analyst actions included: Broadcom upgraded to Buy; Chipotle to Overweight (JPM target $35); Tesla to Neutral (JPM target $475); CrowdStrike downgraded to Hold (Berenberg ta