News & Updates
The latest news and updates from companies in the WLTH portfolio.
Musk keeps Tesla-SpaceX merger speculation alive, cites growing overlap
Tesla CEO Elon Musk on Wednesday left the door open to the EV maker merging with his other trillion-dollar-plus-valued firm SpaceX, declining to dismiss the possibility and citing growing overlap between the companies. "As you can tell from the many collaborations on so many fronts with SpaceX, there's more and more overlap," Musk said on Tesla's earnings call. "We can't talk about, you know, combining companies and that kind of thing on an earnings call," he added. "It's got to be done with the appropriate process." Investors and analysts have long speculated about the possibility of combining Musk's electric vehicle and space firms, with the discussion intensifying during SpaceX's record $75 billion initial public offering process. After Musk's comments, he called on Tesla General Counsel Brandon Ehrhart, who stuck to boilerplate language calling SpaceX a "great partner" that provides "numerous beneficial transactions." Gene Munster, managing partner at Tesla investor Deepwater Asset Management, said the call left him more convinced the companies were destined to be joined over the next few years. "I would put the odds that these two will combine at 90% today," he said in a video posted on social media. "If you were going to ask me yesterday I would have said it's 80%." Tesla already supplies batteries and manufacturing technologies for some SpaceX projects, while the companies are jointly developing Terafab, a semiconductor manufacturing facility designed to produce AI chips. Proponents argue that combining the companies could simplify Musk's corporate empire and create a more integrated company spanning artificial intelligence, robotics, manufacturing, energy and space infrastructure. JPMorgan analysts said this month that "operational integration between the two entities is already deep," citing shared engineering talent, AI infrastructure, Terafab and Musk's leadership as factors that "would facilitate an eventual combination." Stifel analysts struck an even more bullish note, writing that "many investors consider it inevitable that Musk will move to combine SpaceX with Tesla - for them the question is not if but when." SpaceX President and Chief Operating Officer Gwynne Shotwell has also acknowledged potential benefits, telling CNBC in June that folding the companies together "might make Elon's life a little easier" by streamlining management across his businesses. Others, however, caution that any transaction could face formidable hurdles. In the same research note, JPMorgan pointed to the "practical bottleneck" of getting regulatory approvals for both companies, particularly in China, where national security concerns over SpaceX's U.S. government ties could pose problems. Analysts also note that Musk controls a much larger voting stake in SpaceX than in Tesla, complicating governance considerations for Tesla's public shareholders. (Reporting by Akash Sriram in Bengaluru, Chris Kirkham in Los Angeles and Abhirup Roy in San Francisco; Editing by Mike Colias and Jamie Freed) Copyright Reuters or USA Today Network via Reuters Connect This story was originally published July 23, 2026 at 6:16 AM.
Musk keeps Tesla-SpaceX merger speculation alive, cites growing overlap
Tesla CEO Elon Musk on Wednesday left the door open to the EV maker merging with his other trillion-dollar-plus-valued firm SpaceX, declining to dismiss the possibility and citing growing overlap between the companies. "As you can tell from the many collaborations on so many fronts with SpaceX, there's more and more overlap," Musk said on Tesla's earnings call. "We can't talk about, you know, combining companies and that kind of thing on an earnings call," he added. "It's got to be done with the appropriate process." Investors and analysts have long speculated about the possibility of combining Musk's electric vehicle and space firms, with the discussion intensifying during SpaceX's record $75 billion initial public offering process. After Musk's comments, he called on Tesla General Counsel Brandon Ehrhart, who stuck to boilerplate language calling SpaceX a "great partner" that provides "numerous beneficial transactions." Gene Munster, managing partner at Tesla investor Deepwater Asset Management, said the call left him more convinced the companies were destined to be joined over the next few years. "I would put the odds that these two will combine at 90% today," he said in a video posted on social media. "If you were going to ask me yesterday I would have said it's 80%." Tesla already supplies batteries and manufacturing technologies for some SpaceX projects, while the companies are jointly developing Terafab, a semiconductor manufacturing facility designed to produce AI chips. Proponents argue that combining the companies could simplify Musk's corporate empire and create a more integrated company spanning artificial intelligence, robotics, manufacturing, energy and space infrastructure. JPMorgan analysts said this month that "operational integration between the two entities is already deep," citing shared engineering talent, AI infrastructure, Terafab and Musk's leadership as factors that "would facilitate an eventual combination." Stifel analysts struck an even more bullish note, writing that "many investors consider it inevitable that Musk will move to combine SpaceX with Tesla - for them the question is not if but when." SpaceX President and Chief Operating Officer Gwynne Shotwell has also acknowledged potential benefits, telling CNBC in June that folding the companies together "might make Elon's life a little easier" by streamlining management across his businesses. Others, however, caution that any transaction could face formidable hurdles. In the same research note, JPMorgan pointed to the "practical bottleneck" of getting regulatory approvals for both companies, particularly in China, where national security concerns over SpaceX's U.S. government ties could pose problems. Analysts also note that Musk controls a much larger voting stake in SpaceX than in Tesla, complicating governance considerations for Tesla's public shareholders. (Reporting by Akash Sriram in Bengaluru, Chris Kirkham in Los Angeles and Abhirup Roy in San Francisco; Editing by Mike Colias and Jamie Freed) Copyright Reuters or USA Today Network via Reuters Connect This story was originally published July 22, 2026 at 9:14 PM.
Musk keeps Tesla-SpaceX merger speculation alive, cites growing overlap
Tesla CEO Elon Musk on Wednesday left the door open to the EV maker merging with his other trillion-dollar-plus-valued firm SpaceX, declining to dismiss the possibility and citing growing overlap between the companies. "As you can tell from the many collaborations on so many fronts with SpaceX, there's more and more overlap," Musk said on Tesla's earnings call. "We can't talk about, you know, combining companies and that kind of thing on an earnings call," he added. "It's got to be done with the appropriate process." Investors and analysts have long speculated about the possibility of combining Musk's electric vehicle and space firms, with the discussion intensifying during SpaceX's record $75 billion initial public offering process. After Musk's comments, he called on Tesla General Counsel Brandon Ehrhart, who stuck to boilerplate language calling SpaceX a "great partner" that provides "numerous beneficial transactions." Gene Munster, managing partner at Tesla investor Deepwater Asset Management, said the call left him more convinced the companies were destined to be joined over the next few years. "I would put the odds that these two will combine at 90% today," he said in a video posted on social media. "If you were going to ask me yesterday I would have said it's 80%." Tesla already supplies batteries and manufacturing technologies for some SpaceX projects, while the companies are jointly developing Terafab, a semiconductor manufacturing facility designed to produce AI chips. Proponents argue that combining the companies could simplify Musk's corporate empire and create a more integrated company spanning artificial intelligence, robotics, manufacturing, energy and space infrastructure. JPMorgan analysts said this month that "operational integration between the two entities is already deep," citing shared engineering talent, AI infrastructure, Terafab and Musk's leadership as factors that "would facilitate an eventual combination." Stifel analysts struck an even more bullish note, writing that "many investors consider it inevitable that Musk will move to combine SpaceX with Tesla - for them the question is not if but when." SpaceX President and Chief Operating Officer Gwynne Shotwell has also acknowledged potential benefits, telling CNBC in June that folding the companies together "might make Elon's life a little easier" by streamlining management across his businesses. Others, however, caution that any transaction could face formidable hurdles. In the same research note, JPMorgan pointed to the "practical bottleneck" of getting regulatory approvals for both companies, particularly in China, where national security concerns over SpaceX's U.S. government ties could pose problems. Analysts also note that Musk controls a much larger voting stake in SpaceX than in Tesla, complicating governance considerations for Tesla's public shareholders. (Reporting by Akash Sriram in Bengaluru, Chris Kirkham in Los Angeles and Abhirup Roy in San Francisco; Editing by Mike Colias and Jamie Freed) Copyright Reuters or USA Today Network via Reuters Connect This story was originally published July 22, 2026 at 9:15 PM.
SpaceX moves Starship launch attempt to Thursday
SpaceX is targeting Thursday, July 23, for another attempt to launch its Starship rocket, the company said in a statement on Sunday. SpaceX CEO Elon Musk initially posted on X that the next Starship launch would occur on Friday. He later replied to that post, saying, "I mean Thursday," aligning with the company's earlier statement. On July 16, SpaceX's Starship rocket triggered a last-second abort before liftoff for its 13th flight test from Texas, which erased about $100 billion from the company's market value. SpaceX said it has modified Starship's propulsion system to address the engine issue experienced on the previous flight. A launch delay for the $15 billion rocket development program better known for dramatic engineering feats and explosive testing failures is not uncommon. Last Friday, SpaceX said it would attempt the launch on July 20. The company has launched 12 Starship test flights since 2023. On its 13th flight test, Starship will carry 20 Starlink satellites to demonstrate its satellite-dispensing system and the Starlink network's laser communication links, but those satellites will follow the ship's suborbital trajectory and burn up in Earth's atmosphere soon after deployment. In its prospectus, SpaceX said that it aims to launch the first Starlink satellites to orbit on Starship by year's end, followed by routine launches. (Reporting by Gursimran Kaur in Bengaluru; Editing by Matthew Lewis and Sherry Jacob-Phillips) Copyright Reuters or USA Today Network via Reuters Connect This story was originally published July 19, 2026 at 9:19 PM.
Beaten-down stock lets you buy SpaceX below market price
SpaceX (SPCX) is the most crowded new trade on Wall Street. It was priced at $135 in June, spiked above $225, then settled near $150. The banks that took SpaceX public were barred from publishing research on it until July 7. The moment that ban lifted, six of them initiated coverage, all with buy ratings. Then, Deutsche Bank's analyst team said something the others did not: You can buy the same rocket company for roughly 20% less than what the market is charging. Deutsche Bank calls EchoStar a discounted play on SpaceX stock The discounted company is EchoStar (SATS), the satellite and wireless firm behind DISH TV, Sling, and Boost Mobile. Analyst Bryan Kraft resumed coverage on July 7 with a buyrating and a $143 target, according to CNBC. More SpaceX Coverage: The gap opened after the IPO. In the month since SpaceX listed, EchoStar fell 23%, while SpaceX climbed 19%. As a result of this, EchoStar buyers now pay less for those SpaceX shares than SpaceX buyers do. As Kraft put it, SATS investors are "buying SPCX at a 20% discount." The note landed the same morning SpaceX joined the Nasdaq-100, which drew billions in passive buying. Sven Piper / Getty Images How EchoStar ended up holding $11 billion of SpaceX stock EchoStar did not buy into SpaceX. It sold something SpaceX wanted. SATS agreed to hand over its AWS-4 and H-block spectrum licenses, according to EchoStar's investor relations page. Payment arrived partly as roughly $11 billion of SpaceX Class A shares, valued then at $212 apiece, Investopedia reported. Two terms worth knowing * Spectrum licenses are government rights to transmit over specific radio frequencies. Starlink needs them to reach ordinary phones. * Class A shares are the ordinary, lower-voting stock. Musk holds supervoting Class B stock, so EchoStar gets economics without control. The discount math on EchoStar stock, step by step The stake's net asset value works out to $121.46 per EchoStar share, Intellectia reported. EchoStar also closed at $96.28 on July 8. That is about 79 cents on the dollar. Apply the same to SpaceX at $148.26, and an EchoStar buyer picks up the rocket company for nearly $118 a share. Deutsche Bank goes further, arguing the rest of EchoStar comes free. Two things complicate that. The $212 mark comes before the 5-for-1 split SpaceX ran in May, so it equals about $42 in today's shares. That means the stake has gained value rather than lost it, Yahoo Finance reported. Nothing is free, either, while a $24.6 billion debt sits on the books. These discounts usually exist for a reason, and EchoStar has more than one. Why EchoStar stock trades at a discount in the first place The discount is not a market error; it is a price tag on real damage. Three things went wrong in six weeks: * The DISH DBS pay-TV subsidiary filed forChapter 11 bankruptcyprotection on June 30. * Hamid Akhavanresigned on July 6 from his roles at EchoStar after board discussions about a change in strategic direction, Light Reading reported. Founder and CEO Charlie Ergen absorbed his duties at Hughes. * The SpaceX IPO itself hurt the stock, because investors who bought EchoStar for indirect exposure could buy the real thing. The company also warned in its first-quarter 10-Q that substantial doubt exists about its ability to continue as a going concern until the spectrum sales close. Lockups, taxes, and the catch nobody mentions A discount you cannot access is not a discount. SpaceX replaced the usual single 180-day lockup with a tiered schedule that frees shares in 7% increments between days 70 and 135, Morningstar explained. Early backers can also sell up to 20% of their holdings two trading days after the first post-IPO earnings report, Investing.com noted. Renaissance Capital called it among the most complicated ever written, Fortune reported. EchoStar has not said where its stake sits in that schedule, which is the biggest question here. What EchoStar investors should watch next Three things decide whether the thesis survives contact with reality. * EchoStar is expected to report second-quarter results on July 30. Any disclosure on lockup terms, or on whether management will hold or sell the stake, resolves most of the ambiguity. * SpaceX reports its first quarter as a public company shortly after, which triggers the first 20% unlock tranche for early backers. * Ergen's strategy. He took back operational control of Hughes for a reason, and has never been a passive holder. EchoStar is no substitute for owning SpaceX directly. It is a leveraged, restructuring satellite company holding a large stake in a rocket maker, and the discount pays you for that. Investors comfortable with that balance sheet get cheaper access to a stock Wall Street just blessed six times over. Everyone else should note that even Deutsche Bank's $143 target sits only 18% above the SpaceX value it says is already on the books. The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc. This story was originally published July 9, 2026 at 8:07 PM.
Anti-Musk retail investors scramble to keep SpaceX out of their portfolios
Christopher Bejnar has spent the last couple of months combing through the fine print of exchange-traded funds, emailing financial advisers and moving money into European stocks - all to keep SpaceX out of his $1 million portfolio. As Elon Musk's newest public company heads into Nasdaq's stock indexes this week, the 46-year-old software engineer in Philadelphia is making sure that none of his money is backing the Tesla and SpaceX founder who recently became the world's first trillionaire. To stay away, Bejnar said he's moved $50,000 into European index funds and bought shares of Rocket Lab Corp, a SpaceX rival. "I'm on the anti-Elon side," Bejnar said, pointing to Musk's inflammatory political activism, and his extensive borrowing to support what Bejnar views as unproven technology at SpaceX. "Even if I'm only exposed by a tenth of a percent, I still wouldn't want that going to him." Across Reddit, TikTok and online forums, investors like Bejnar have been swapping advice on how to avoid SpaceX as it enters flagship benchmarks like Russell 1000 Index and CRSP U.S. Total Market Index, even if that means abandoning familiar ETFs or paying more for customized portfolios. They are all part of the financial and personal maneuvering provoked by the rise of Musk, one of the most polarizing figures on Wall Street, if not the world. The shares of Musk's first public company, Tesla, have been sent into the stratosphere by Musk's loyal fan base of retail investors. That same crowd allowed SpaceX to make its spectacular debut on the stock market in June as the largest initial public offering in history. Australia's richest person Gina Rinehart described Musk as a "truly exceptional person," and in June said she made a "significant investment" in SpaceX from her company Hancock Prospecting. Betting against the staying power of these believers has been a dangerous endeavor in the past, as many Tesla short sellers have learned. An investor who put $10,000 into Tesla would have roughly $3.5 million today, according to Bloomberg calculations. That success, though, has led to some vehement critics. Musk's role in President Donald Trump's second administration and his strident participation in the culture wars have prompted protests, boycotts and a cottage industry of anti-Musk bumper stickers, turning opposition to the trillionaire into a movement that is spilling over into investor portfolios. The strong personal feelings are compounded by the significant financial and occasional regulatory risks attached to Musk's companies. SpaceX and Musk's other public company, Tesla, both sit at valuations that dwarf peers and worry analysts. SpaceX surged right after it went public, but then fell as much as 24%, underscoring concerns that expectations had run ahead of fundamentals. SpaceX and Musk didn't respond to requests for comment. The problem for Musk skeptics is that his stocks are so big they are becoming default holdings in most standard portfolios. Tesla already ranks among the largest companies in the S&P 500 and Nasdaq 100, which dictate the holdings of the broad-market ETFs that sit at the core of many retirement accounts. The electric carmaker accounts for 2% of the popular $980-billion Vanguard S&P 500 ETF (VOO) and more than 3% of the $490-billion Invesco QQQ Trust Series 1. SpaceX's entry into the public markets raises the stakes further. With a roughly $2.1 trillion market capitalization - 1.4 times that of Tesla - the company vaulted into the top tier of U.S. stocks almost overnight. After trading closes on Monday, SpaceX will be added to the Nasdaq 100 index following its previous entrance into the FTSE Russell and MSCI Inc. indexes. The moves are triggering billions of dollars of mechanical buying and put the stock into millions of passive investment portfolios. At a time when the shares are under pressure, they are likely to be buoyed by at least $5.4 billion of buying from index-tracking funds. The unusually rapid addition of SpaceX to the indexes has sparked criticism because several providers made exceptions or revised their methodologies to accommodate the company despite its relatively small public float. That float means that SpaceX's weighting in major indexes will initially be relatively small, making up less than 1% in most indexes - well below Tesla. Still, financial advisers say they've fielded questions from a wide array of clients who want no part of a company controlled by Musk. "I don't think we'd be having this conversation if it wasn't him," said Emily Green, head of wealth management at Ellevest, who likened the current anti-Musk sentiment to the public fallout Meta Platforms faced after a series of scandals following the 2016 election. "There's a number of people that didn't want to own Tesla over the past couple of years" and they're asking the same with SpaceX. Direct indexing is the solution Ellevest offers clients - buying a basket of individual stocks that mirror an index, making it possible to exclude shares of companies an investor doesn't want. Green said restricting just one or two stocks in a broad portfolio shouldn't affect the overall performance due to returns from other holdings, and her clients who sought to avoid Tesla were at peace with the stock's rise. "How we do it is we buy about 300 individual positions that span U.S. large cap, mid cap, small cap and developed-market international stocks," Green said. "People can customize it in a deep way and it can be a very personal thing." Bejnar said he wasn't as concerned about having money in Tesla, but SpaceX changed the balance for him because of the way the company is borrowing and banking on Musk's big but untested vision. "It almost to me feels like he's opening up credit cards to pay off other credit cards," he said. "What I didn't anticipate is that these index funds would change the rules to actually help him out." In recent weeks, Reddit posts about dodging SpaceX exposure have sprung up in subreddit groups like r/investing, r/ETFs and r/EnoughMuskSpam, generating reams of heated threads like one titled, "How to avoid investing in Elon Musk Companies." One of the posters was David Greer, a 30-year-old data analyst, who said he moved his $650,000 in retirement savings out of U.S. index funds into international ones in April. Greer has been disillusioned with the second Trump administration and views Musk as "Trump of the tech world." With Trump threatening to exit the North Atlantic Treaty Organization and exerting his "America First" foreign policy, Greer has lost confidence that the U.S. will continue having the same strength, and stock returns, as before. "I don't think it's necessarily SpaceX exclusively that I'm trying to avoid," said Greer, who lives in Davis, California. "But when it became clear that SpaceX was going to the market and that I would be invested, it felt like the straw that broke the camel's back." Omar Qureshi, a financial adviser, has stayed away from buying SpaceX shares himself because he feels Musk is "an evil human being." But as managing director at Hightower Signature Wealth, he's helped clients participate in the IPO. To him, the debate goes beyond Musk and highlights the consequences of the passive investing boom that has transformed Wall Street over the past two decades. As more retirement savings automatically flow into passively managed funds, index inclusion has become increasingly valuable, Qureshi said. The biggest companies receive a disproportionate share of new money, helping support their stock prices and making it harder for active managers to outperform. "If you're one of the big boys, you're guaranteed to get flow," said Qureshi. "It becomes a self-fulfilling prophecy. The inflows drive performance, which drives more money into the indexes." Still, neither Greer nor Bejnar wants to turn to actively managed funds. Greer prefers doing his own research and is still fond of the "set it and forget it" strategy with index funds. Bejnar, meantime, discussed options with his financial advisor before putting money from his managed brokerage account into a subset of ETFs that won't contain SpaceX. His advisor cautioned that if the stock does well and gets added to every benchmark, it'll become harder to avoid. Bejnar believes it won't be added to the S&P 500 any time soon given the index provider's 12-month seasoning period and requirements for profitability and public float. SpaceX's $25 billion debt sale in late June reinforced his conviction that it's helping prop up debt associated with Musk's broader business empire. He's been encouraging friends and others on Reddit to join the anti-Musk exodus. And what if SpaceX shares climb in the long run? "I would not feel bad about never buying SpaceX, no matter how well it does," he said. (With assistance from Henry Ren.) Copyright 2026 Tribune Content Agency. All Rights Reserved. This story was originally published July 6, 2026 at 9:06 PM.
Trump floats intriguing Elon Musk, SpaceX plan
On July 2, Trump sat down with CNBC for an interview in the Oval Office. He talked about tariffs, the Federal Reserve, and his business dealings. Then he was asked about Elon Musk. His answer says more about the current state of their relationship than almost anything that has come out of Washington recently. Trump told CNBC he expects Musk to donate SpaceX stock to Trump Accounts, the federal savings program for American children that officially launched on July 4. Musk has not publicly confirmed or commented on the claim. But the government had already been in talks with SpaceX about the idea before Trump said a word about it publicly. What Trump said about Musk in the CNBC interview When asked whether Musk might donate SpaceX shares to the program, Trump replied in the original interview: "Well, I think that he will do that." He was careful with that phrasing. He thinks. He did not announce a deal or confirm a commitment. Trump also told the interviewer he had not spoken with Musk directly since SpaceX completed its IPO last month. "I wrote him a note," Trump said. "I said, 'Congratulations, very good.' I have a very good relationship with Elon." A note, not a call. Good, not great. The language was measured. SpaceX's IPO was the largest in history at approximately $86 billion, briefly making Musk the world's first trillionaire before share prices pulled back. Separately, Semafor reported on June 29, before Trump's interview, that the administration had actually spoken directly with SpaceX about donating stock to Trump Accounts. Whether Musk has agreed, or how a contribution might be structured, remains unresolved. Why the Trump-Musk relationship makes this complicated Musk spent roughly $300 million to help elect Trump in 2024 and then served as a special government employee running DOGE, the administration's aggressive government-cutting effort, CNBC reported. Their public falling out came over Trump's sweeping tax-and-spending legislation last year. Musk called the bill "utterly insane" in a post on X. Trump responded publicly that Musk had "just went CRAZY." The dispute was loud and fast. The reconciliation followed a similar trajectory. By the fall, they were seen shaking hands at a public event. By November, Musk was attending a White House dinner. Trump has repeatedly described their relationship as intact. On July 2, he cited other executives who had contributed to Trump Accounts as he discussed Musk's potential involvement. "Micron, which is a great company, just did it. Michael Dell is a fantastic guy," Trump said, referencing other donors to the program. On Dell's contribution specifically, Trump made clear he understood the scale. "That's a tremendous amount, I don't care how rich you are," Trump said, referring to Dell's $6.25 billion pledge to seed 25 million accounts. What Trump Accounts are and why SpaceX stock would be different Trump Accounts were created under last year's Republican tax-and-spending law. The federal government seeds each account with $1,000 for eligible children born in the U.S. between January 1, 2025 and December 31, 2028. The money goes into low-fee U.S. equity index funds and converts to a retirement-style account when the child turns 18. Treasury partnered with Bank of New York Mellon and Robinhood to run the program's infrastructure, NBC News reported. Goldman Sachs, Morgan Stanley, BlackRock, Intel, JPMorgan Chase, Uber, Comcast, and Wells Fargo are among the companies that have committed to matching or contributing for employees' children. Michael Dell pledged $6.25 billion. Micron committed contributions in several states. All of those are cash contributions or stock from publicly traded companies with established markets. SpaceX stock is different. The company's IPO was completed last month, but shares remain volatile and access is still far more limited than conventional large-cap equities. Any formal donation of SpaceX stock to Trump Accounts would require clarity on valuation, lock-up periods, and how shares get distributed across millions of potential beneficiaries. None of that structure currently exists. How much traction Trump Accounts have actually gotten so far Adoption has been gradual. More than 6 million accounts had been opened ahead of the program's launch, but only 1.4 million of those are eligible for the $1,000 government seed, out of roughly 75 million children under 18 in the United States, NBC News reported. The administration has been relying on high-profile commitments to maintain momentum. A SpaceX stock donation would generate significant attention for the program, regardless of what it means practically for most families. SpaceX is one of the most closely watched companies in the world, and Musk remains one of the most recognizable figures in American business. Trump's statement puts Musk in a position where silence starts to carry its own meaning. Whether Musk follows through, and in what form, is the question Trump's July 2 comment left open. The administration has spoken with SpaceX. Trump expects a donation. Musk has said nothing. That is where things stood heading into the program's launch. The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc. This story was originally published July 4, 2026 at 6:37 PM.