News about Dan Ives

Dan Ives of Yorkville Ives & Co. says a Tesla–SpaceX merger is 90% likely, with Tesla shares priced at $500–$550, after Elon Musk confirmed both boards are weighing one. He calls Tesla's quarter 'a huge step forward' and expects more M&A across space and industrials, citing SpaceX's all-stock xAI deal valuing the combined company at $1.25 trillion, its $60 billion Cursor purchase, and GE Aerospace's $11.75 billion agreement for Consolidated Precision Products. Tesla fell as much as 3.5% premarket, which Ives attributes to merger speculation, while SpaceX shares were down about 2%. Musk said independent committees will decide, that he cannot take part as a conflicted party, and that a Tesla deal would need 50% of all shares, which he calls 'quite a high hurdle.' He owns about 20% of Tesla and about 48% of SpaceX, where he holds around 82% of the vote.

Three CoreWeave Inc. co-founders have sold $3.3 billion in company shares since the company's initial public offering last year, as rising credit risks and investor wariness about AI spending fuel volatility in the stock. Dan Ives, Partner at Yorkville & Ives, discusses the volatility in the AI trade and the outlook for CoreWeave and Apple.