Key facts: Tesla Merger Talks; $29,990 Cybercab Offer; S&P 500 Impact

SpaceX (SPCX) shares closed at $139.11, near their IPO price of $135, after a 0.6% drop. The company achieved a milestone by catching its Starship rocket's upper stage post-market. Shares have been volatile, influenced by Tesla merger speculation and AI sector trends. Analysts remain mostly optimistic, with average price targets around $250-$265, though risks include high valuation and heavy spending.

Youtuber MKBHD (Marques Brownlee) expressed concerns about Tesla's Roadster production following the company's decision to wind down Cybertruck production by mid-2027. Tesla CEO Elon Musk announced the shift to focus on the Cybercab. MKBHD noted the Roadster is the only Tesla vehicle not aimed at full autonomy, questioning its future. He also criticized the Cybertruck's design, suggesting a simpler SUV could have sold better.

Tesla began accepting orders for its autonomous Cybercab, priced at $29,990, with a $1,000 deposit. The vehicle requires a $299 monthly subscription for operation, adding $3,588 annually. It can only operate in approved areas and has restrictions on commercial use. Tesla CEO Elon Musk suggested the subscription fee may be reduced. Deliveries are expected in December 2026, pending regulatory approvals.

Tesla has started taking pre-orders for the Cybercab, an autonomous electric vehicle priced at $29,990 with a mandatory $299 monthly subscription. Deliveries are scheduled for December 2026, and a $1,000 non-refundable deposit is required to place an order. The vehicle operates only in designated areas and cannot be used commercially without Tesla's permission.

Elon Musk proposed a merger between Tesla and SpaceX, with a potential announcement next month. SpaceX may meet S&P 500 criteria by mid-next year. SpaceX's Super Heavy booster self-destructed during a test flight. The company is increasing production rates for Starship and Super Heavy boosters. SpaceX's 15th Starship test flight lasted 22 hours and 32 minutes, deploying 26 Starlink satellites.

Tesla has started selling its fully autonomous Cybercab to consumers for $29,990, with a $299 monthly software fee. The vehicle lacks a steering wheel and pedals, and is only operable in Tesla-supported areas. Delivery is expected in December for select customers who pay a $1,000 deposit. The NHTSA is investigating compliance with safety standards.