Investopedia Markets News (all except PF)

News of the day for March 30, 2026

Stock futures are rising to open the holiday-shortened trading week after five straight weeks of losses for major indexes; President Donald Trump told The Financial Times he would prefer to take oil out of Iran, which would likely mean a ground operation that could extend the war significantly; the president is also reportedly considering using ground troops to find and extract hundreds of pounds of uranium from Iran as a means of taking away its capability to create a nuclear weapon; earnings from Nike and the March jobs report will be in focus this week; and Eli Lilly has signed a deal with Insilico Medicine, an AI drug development company. Here's what you need to know today.

Stock futures are higher this morning as investors digest a number of developments in the Iran war. Futures tied to the Dow Jones Industrial Average, the S&P 500 and the tech-heavy Nasdaq were each up 0.6% recently. All three major indexes sank Friday, locking in their fifth straight week of declines, with the Dow and Nasdaq Composite each falling into correction territory. Crude oil futures rose to their highest levels in nearly four years today as the latest comments from President Trump are failing to reassure investors that the war in Iran will be over soon (more on that below). Gold futures were up nearly 2% at $4,570 an ounce, while bitcoin traded at $67,600, up from an overnight low just below $65,000. The yield on the 10-year Treasury note, which hit its highest level since July last week amid the stock market volatility, was at 4.37%, down from 4.44% at Friday's close.

West Texas Intermediate futures, the U.S. crude oil benchmark, were back above $100 a barrel this morning following comments from President Trump over the weekend about the situation in Iran. The President told The Financial Times that his "favorite" plan would be to "take the oil in Iran," which would likely mean using ground troops to capture Kharg Island, a major export hub for Iranian oil. Trump also said such an operation would likely extend the war, in contrast with his previous public comments indicating that he would rather end the war sooner. The U.S. and Iran have offered very different viewpoints on how close the war could be to ending, with Iranian officials repeatedly disputing claims from American officials that ceasefire talks are progressing, or ongoing at all. WTI futures are trading at their highest levels since July 2022. Brent crude futures, the international benchmark, were up 2% at $115 per barrel, also at their highest levels since mid-2022.

President Trump is also considering whether the U.S. should send in troops to extract hundreds of pounds of uranium from sites in Iran, The Wall Street Journal reported Sunday. No decisions about the plan have been made, with U.S. officials hoping Iran agrees to give up its uranium as one of several conditions in a deal to end the war, per the Journal. A ground operation to extract the uranium from any of the three sites where experts believe it is could force troops to be on the ground for days or even a week, experts said. A key focus of the war for the Trump administration has been taking away Iran's ability to build a nuclear weapon, despite the administration claiming Iran's nuclear capabilities were completely destroyed after a series of bombings last June.

Investors have a busy week of earnings reports and economic data ahead. Economic data includes retail sales and the ADP private payrolls jobs report on Wednesday, an update on the trade deficit on Thursday, and the Bureau of Labor Statistics' jobs report for March due out on Friday. Nike (NKE) is the highest-profile earnings report scheduled for this week, slated for release after the closing bell Tuesday, giving investors a look at the athletic apparel giant's turnaround effort. Other notable earnings reports include McCormick & Co. (MKC) and TD Synnex (SNX) on Tuesday, along with ConAgra Brands (CAG), Lamb Weston (LW), and Cal-Maine (CALM) on Wednesday. The stock market will be closed on Friday in observance of Good Friday, while the bond market will end trading at noon that day.

Eli Lilly (LLY) has agreed to a new partnership with Insilico Medicine, which is developing drugs with AI tools. The deal gives the Zepbound and Mounjaro maker an exclusive license to sell any of Insilico's drugs that make it to the market, with the companies also collaborating on drug development. About half of the 28 drugs developed by Insilico's AI are in the clinical trial stage, CEO Alex Zhavoronkov told CNBC. Eli Lilly is paying Insilico, which is listed on the Hong Kong Stock Exchange, $115 million up front, with a number of development, regulatory and sales milestones that could lift the deal's value up to $2.75 billion. Eli Lilly shares were up slightly in premarket trading.

Traders will get another brief break this week.

While Friday, April 3, is not a federal holiday, the stock market will close in observance of Good Friday. The bond market will close early, at 2 p.m. ET. Both markets will open for business as usual on Monday, April 6, the day after Easter.

That will mark the last trading holiday before the start of the summer season. Bond markets will close early on Friday, May 22, before the following Monday's Memorial Day holiday, on which both stock and bond markets will close.

Several more trading holidays, starting with Juneteenth, are set to follow in 2026.

Developments in the Iran conflict will remain a top focus for investors this week, but economic data and corporate events will also clamor for attention after another down week for stocks.

Employers cut jobs in February, and economists will watch a string of reports this week for insight into the strength of the U.S. jobs market. Retail sales, consumer confidence, and the U.S. trade balance will also be in focus.

Nike is reporting earnings with its ongoing turnaround efforts hampering its stock. Meanwhile, Conagra Brands and other food companies are set to report this week, providing insight into consumer spending on staples.

The U.S. jobs report for March will be released Friday. Economists are closely watching the labor market after it recently showed signs of weakness: Employers cut 92,000 jobs in February.  Earlier in the week, investors will get a look at private sector hiring in March with the Wednesday release of the ADP employment data.

Worries over labor market weakness led the Federal Reserve to enact a series of interest rate cuts at the end of 2025. Since then, rising inflation readings have prompted the central bank to keep rates steady. Continued weakness in the labor market could put more pressure on the Fed.

Shoppers slowed their purchasing to start the year, with economists pointing to poor weather dragging down sales, and Wednesday's release of the U.S. retail sales report for February will show if that slowness continued. Consumer spending makes up about two-thirds of the U.S. economy.

The Tuesday release of the consumer confidence report for March will also be in focus, as it will likely capture public sentiment over the impact of the U.S.’s conflict with Iran.

Sporting goods apparel maker Nike, a component of the Dow Jones Industrial Average, will report its quarterly earnings this week amid a slide in its stock price this year as the company continues its turnaround efforts. Some analysts think the recent decline may signal a low point for the company, with Barclays recently upgrading the stock after noting that the firm’s financials may have hit a “fundamental bottom.” Analysts see a potential upside of 30% or more for Nike’s stock. 

Conagra Brands, which makes Slim Jim and other popular grocery store brands, reports its earnings this week amid an 11% decline in its stock price this year. Investors will also get reports from other noteworthy food sellers, including spice company McCormick & Co., potato producer Lamb Weston, and egg supplier Cal-Maine.

Monday, March 30

• Key Earnings: Progress Software (PRGS) 

Tuesday, March 31

• Consumer confidence (March)
• More Data to Watch: S&P Case-Shiller price index (January), Chicago Business Barometer (March)
• Federal Reserve Officials Speaking: Chicago Fed President Austan Goolsbee
• Key Earnings: Nike (NKE), McCormick & Co. (MKC), TD Synnex (SNX), nCino (NCNO)
  

Wednesday, April 1

• U.S. retail sales (February)
• More Data to Watch: ADP employment report (March), Business inventories (January), ISM manufacturing PMI (March), S&P manufacturing PMI (March)
• Key Earnings: ConAgra Brands (CAG), Lamb Weston (LW), MSC Industrial (MSM), Cal-Maine (CALM)
  

Thursday, April 2

• U.S. trade deficit (February)
• More Data to Watch: Initial jobless claims (Week ending March 28)
• Key Earnings: Acuity (AYI), Lindsay Corp (LNN)

Friday, April 3

• U.S. employment report (March)
• More Data to Watch: ISM services PMI (March), S&P services PMI (March)

If you’ve been making bets on March basketball, it could be risky for your finances. Investopedia’s Diccon Hyatt has more on a new study showing that delinquency rates have doubled for those that have taken up legalized online gambling.

• Borrowers enrolled in the Saving on a Valuable Repayment plan must transfer to a new repayment plan in three months or be placed in a standard 10-year repayment plan. The Repayment Assistant Plan, a new income-driven repayment option, will become available on July 1.
• A backlog of transfer applications could delay the process, as 7 million borrowers will need to switch plans.

Millions of student loan borrowers still enrolled in Saving on a Valuable Education repayment plans will need to transfer to new plans in the coming months.

The Biden-era income-driven repayment plan was ruled illegal earlier this month. The Department of Education said after the decision that it would begin moving the 7.2 million borrowers still enrolled in SAVE into a different plan, and the government on Friday set a strict timeline for borrowers.

Loan servicers will reach out directly to borrowers in batches, and once a borrower receives their notice, they will have 90 days to switch plans; otherwise, they will be placed on a standard plan, according to Scott Buchanan, executive director of the Student Loan Servicing Alliance, an industry trade group.

Borrowers in the SAVE plan have remained in limbo, with their payments paused for almost two years. Friday's news is the first confirmation of what will happen to SAVE borrowers now that their repayment plan is defunct.

The SAVE plan offered borrowers significantly lower monthly payments and an easier path to forgiveness than other options. Other income-driven repayment plans offer lower payments than the 10-year standard plan; however, borrowers should be aware that two of the three available income-driven plans will be eliminated in 2028. SAVE borrowers can transfer into these two plans now, but will have to transfer again in about two years.

The Repayment Assistant Plan, the newest income-driven repayment plan, will be open to applications on July 1. That means some borrowers may not have enough time to apply for the RAP plan before they are automatically put in a standard plan. SAVE borrowers who wish to enter the RAP plan may want to apply for another income-driven plan in the meantime.

"People who were in SAVE should have left it two months ago, because their loan is just ballooning and because they're not making any payments," Buchanan said.

Borrowers can compare their repayment plan options at the Department of Education's Loan Simulator. This tool will have an option to show what their payments will look like under RAP in the coming months, Buchanan said.

The Department of Education contracts several loan servicers to process borrowers’ applications to move repayment plans. A backlog of applications to transfer to another income-driven repayment plan has already been building.

As of Feb. 28, there were more than 576,000 transfer applications pending. The majority of this backlog was caused by the lawsuit against the SAVE plan, said Buchanan. Now that the repayment plan is officially shut down, servicers have more clarity on how to process transfer applications, and SAVE borrowers should find it easier to transfer to another repayment plan.

"If you want your application process to be quick, then selecting the option to allow us to pull your information from the IRS to populate your income level, [the transfer] will happen automatically," Buchanan said. "That's a fully automated process and the [transfer will] happen within 24 hours."

• The Iran war is hurting both sides of the Federal Reserve's dual mandate to keep inflation low and employment high, three Fed officials said Friday in separate remarks.
• The policymakers endorsed the central bank's wait-and-see approach to moving its key interest rate.
• The Iran war is pushing up energy prices, which could hurt household spending on other things and damage the job market.

Like many others, officials at the Federal Reserve are monitoring the situation in the Middle East and are growing more concerned about its effect on inflation and the job market.

Three Fed policymakers spoke Friday about the war against Iran Wednesday, warning the conflict could push up inflation and hurt hiring more the longer it lasts. All three endorsed a wait-and-see approach to the central bank's interest rate policy to see whether it would be necessary to either cut interest rates to boost the job market or raise them to quell inflation in the coming months.

The Fed speakers' remarks echoed those of economists who say the economic damage from the Iran war will get worse the longer the conflict goes on.

The Iran war is the latest threat to the Federal Reserve's dual mandate to keep a annual inflation at 2% and ensure low unemployment, and it's one that hits both sides at once. The surge in fuel prices could stoke inflation, especially if higher transportation costs push up prices for other things; while the financial market turmoil and general uncertainty could discourage hiring and damage the job market.

Fed governor Philip Jefferson said he expects a short-term surge of inflation stemming from the rise in energy prices. The war has cut off the flow of oil through the Strait of Hormuz between Iran and Oman, bottling up 20% of the world's oil supply as well as other resources.

Jefferson warned the spike in gas prices could affect consumer spending, potentially having a ripple effect through the economy.

"When gasoline prices jump, families—especially those with lower incomes who spend a larger share on essentials—have less money for everything else," he said at an event in Dallas. "The longer energy prices remain elevated, the more households will need to confront tradeoffs. Families who depend on petroleum products to commute to jobs and school and to heat their homes may need to pull back on more discretionary forms of spending. That could potentially result in lower spending at restaurants or retailers. It could also result in households carrying elevated levels of debt."

Jefferson said he was also concerned about a lengthy war spreading price increases throughout the economy.

"An extended bout of elevated energy prices could put upward price pressure on a variety of other products," he said. "As a policymaker, I will monitor to see if these higher costs become embedded in prices throughout the economy."

Thomas Barkin, president of the Federal Reserve Bank of Richmond, has often compared setting interest rate policy over the last year to driving through a fog. Earlier "fogs" of uncertainty came from unpredictable tariff policy and the record-setting government shutdown.

"Then add in the fog of war," Barkin said Friday at an event in Tennessee. "Oil prices have spiked. Supply chains have been disrupted. Uncertainty has surged. No one knows how long the Iran conflict will persist, nor what its aftereffects will be. Historically, oil price shocks are highly coincident with recessions: think 1974, 1979 and 1990. Even 2008 had a price shock, though I wouldn’t blame that for the financial crisis."

Barkin noted that the effects of the current oil crisis should be less severe than the one that hammered the economy in the 1970s, simply because the U.S. produces far more oil and is a net oil exporter. However, gas prices can have an outsized effect on inflation and consumer psychology.

"But gas prices are highly visible, and there’s something fundamentally unsettling about driving by a sign every day that reminds you that prices are going up," he said. "Not only do higher oil prices hit consumer sentiment, but they also affect the price of other products like air travel, freight and shipping. Those higher prices can crowd out spending elsewhere."

Fed governor Michael S. Barr, speaking at an event in Washington, said the latest bout of price increases could cause consumers to expect higher inflation in the future. That would be a serious problem for the Fed, since many economists believe inflation expectations can be something of a self-fulfilling prophecy, causing people to behave in ways that increase inflation, such as making large purchases sooner than they otherwise would.

"If the conflict were to end soon, it is possible its effects on inflation and economic activity could be limited," Barr said. "But if it continues for some time, the spike in energy prices and other commodities could have broader implications for both prices and economic activity. We have had five years now of inflation at elevated levels, and near-term inflation expectations have risen again, so I am particularly concerned that yet another price shock could increase longer-term inflation expectations. Consumers and businesses factor future inflation into their current economic decisions, so there is a risk that this dynamic could lead to inflation persistence, making it more difficult to return inflation to 2 percent. We need to be especially vigilant."

Financial markets widely expect the central bank to hold its key interest rate flat at its coming meetings. Forecasts for rate cuts this year have evaporated since the war began, and traders are now pricing in about a one in four chance the Fed will raise interest rates this year, not cut them, according to the CME Group's FedWatch tool, which forecasts rate movements based on fed funds futures trading data. The Fed funds rate influences interest rates on all kinds of other loans, and is the Fed's main tool for controlling inflation and the job market via monetary policy. The Fed's policy committee next meets in April.

• Palo Alto Networks and CrowdStrike led cybersecurity stocks lower Friday following a report Anthropic is testing new AI models that could disrupt the industry.
• Many cybersecurity stocks have had a tough start to the year amid worries about the impact of developments in AI.

Cybersecurity stocks took a hit Friday, deepening the sector's recent slump on AI fears.

Shares of Palo Alto Networks (PANW) and CrowdStrike (CRWD) dropped close to 6% to rank among the biggest decliners in the S&P 500 Friday, following a report that Anthropic is testing new AI models that could disrupt the industry. Other cybersecurity stocks also lost ground, with Zscaler (ZS) and SentinelOne (S) losing around 6%. (For more from Investopedia on today's market moves, click here.)

Anthropic has been testing new models that scored higher on coding and cybersecurity-related tasks than current offerings, Fortune reported Thursday. The report raised some concerns about growing competition in the cybersecurity space, along with worries about AI-related risks. Anthropic did not respond to an Investopedia request for comment in time for publication.

Friday's tumble suggests another blow to investor confidence in cybersecurity stocks, amid broader uncertainty about the impact of AI.

For many of America's biggest cybersecurity stocks, Friday's slide added to losses since the start of the year amid a broader pullback in software as new AI releases rattled support for the sector. Last month, software stocks plummeted in the days after Anthropic released tools that added fuel to concerns about AI-driven disruption. 

With Friday's drop, shares of Crowdstrike and Palo Alto Network have lost roughly a fifth of their value in 2026 so far. Sentinel's stock has dropped about 16%, while Zscaler has lost more than 40% year-to-date.

• Social Security payments are typically distributed on Wednesdays every month, based on the beneficiary's birth date.
• Supplemental Security Income payments for April will be issued on the first.

The Social Security Administration distributes benefits to more than 75 million people each month. Here is when to expect yours in April.

Payments are primarily distributed according to beneficiaries' birth dates. The exception is those who began receiving retirement, spousal, or survivor benefits before May 1997, who typically receive their payments on the 3rd of every month.

Since Social Security beneficiaries are on a fixed income, knowing when their payments will arrive is essential for creating a budget and managing financial obligations.

Supplemental Security Income, a program that provides additional income for people with disabilities and adults aged 65 and older with limited or no income, is distributed separately from Social Security benefits at the beginning of every month.

April checks will be issued:

• April 1- SSI payments for April will be issued.
• April 3 - Benefits will be paid to those who have been collecting since before May 1997.
• April 8 - Benefits will be paid to those born between the first and the 10th of any month.
• April 15 - Benefits will be paid to those with birthdays between the 11th and the 20th of any month.
• April 22 - Benefits will be paid to those with birthdays between the 21st and the 31st of any month.

• Netflix is raising its subscription plan prices, a little over a year since its last hike.
• The move is the latest in a string of price hikes across the streaming industry in recent months.

Watching shows on Netflix just got a bit more expensive.

The streaming giant raised subscription prices for new customers as of Thursday, with the new rates set to take effect for current Netflix (NFLX) customers at their next billing cycle.

Netflix's standard plan with ads, its lowest-cost plan, will now cost $1 more at $8.99 a month. The monthly rates for its standard and premium plans without ads are each rising $2 to $19.99 and $26.99, respectively, and the cost of adding another member to a plan is also $1 more at $6.99 per month.

The move could help Netflix drive up profits and boost enthusiasm for its stock, but further strain the budgets of consumers who saw several streaming services raise prices last year.

The move marks the latest in a string of hikes by other streaming services in recent months, and comes just over a year since Netflix last bumped up prices in January 2025. Spotify (SPOT) and Paramount Skydance (PSKY) both lifted subscription prices earlier this year, while Disney's (DIS) Disney+ and Apple's (AAPL) Apple TV+ went up late last year.

Netflix's price hikes could add to price pressures for many consumers, who are already showing some signs of feeling squeezed, though JPMorgan analysts said Thursday that they don't expect "material headwinds" to Netflix's engagement or subscriber retention, given the scale of its offerings and range of plans at different rates.

JPMorgan estimates the price increases could add another $1.7 billion in annualized revenue for Netflix. Investors will get their next update on Netflix's finances when it reports first-quarter results after the market closes on April 16. The report will be Netflix's first since it dropped its bid for Warner Bros. Discovery (WBD).

Netflix shares were up less than 1% in recent trading, leaving them roughly flat year-to-date after recovering some of their losses amid investor uncertainty around its efforts to acquire Warner Bros. The shares are still about 30% off last June's highs.

• The majority of stocks have fallen since the war in Iran erupted late last month, with mining, travel, and homebuilder stocks hit particularly hard by the combination of rising oil prices and interest rates.
• Energy is the only sector in the S&P 500 that has risen during the conflict, but the stocks have lagged oil prices, which one expert says may leave room for more upside.

A month into the war in Iran, investors are feeling the pain. 

The Nasdaq Composite entered a technical correction on Thursday, closing more than 10% off its October record high; the index has lost 7.5% of its value this month. The Dow Jones Industrial Average joined it in a correction on Friday and has fallen nearly 8% in March. The S&P 500 has declined about the same amount. 

No sector’s stocks have been hit harder by the conflict than materials. Gold miners Coeur Mining (CDE) and Newmont (NEM) are down 37% and 21%, respectively, this month. Their stocks have followed the path of metals prices: Gold has fallen about 14% since the war began despite its reputation as a safe haven asset. Silver has had an even harder time, slumping nearly 25%. (For more on the effects of the war on non-stock assets, read Investopedia's coverage here.)

Wall Street entered 2026 optimistic that, after three years of big gains, markets would continue to grind higher thanks to easing inflation and interest rates, fiscal stimulus, and strong earnings. The war in Iran, about to enter its fifth week, has thrown a wrench in the gears of the economy and threatens to derail the years-old bull market.

The Iran war has exacerbated inflation risks and dashed Wall Street’s hopes for more interest rate cuts. While at least one 2026 rate cut appeared inevitable just months ago, traders now see a nearly 50% chance the Federal Reserve raises rates before the end of the year. Higher interest rates can sap demand for gold, which offers its owners no yield, unlike bonds or dividend-paying stocks. Higher rates have also driven up the value of the dollar, denting international demand for dollar-denominated gold. 

Rising interest rates are also behind the underperformance of companies most exposed to the U.S. housing market. The average rate on a 30-year mortgage has risen from about 6% at the start of the war to nearly 6.4%, an increase that threatens the long-awaited revival of a market that’s been stuck in the doldrums since 2022. Homebuilders Lennar (LEN), D.R. Horton (DHI), and PulteGroup (PHM) are all down 15% or more. Construction equipment suppliers like Builders FirstSource (BLDR) and Stanley Black & Decker (SWK) are down more than 20%.

The war has also been a drag on airlines and cruise operators, who likely have little option but to raise prices to offset soaring fuel costs. Shares of Carnival (CCL), Norwegian Cruise Line Holdings (NCLH), and Royal Caribbean (RCL) have fallen between 15% and 23%. Southwest Airlines (LUV) and United Airlines (UAL) are down 24% and 17%, respectively. 

Consumer stocks broadly have struggled to overcome concerns that oil prices will raise costs and undercut demand as consumers adjust to higher food and gas prices. The S&P 500 consumer discretionary sector is down nearly 9% since the war began, while the staples sector has shed about 8%. Retailers like Dollar General (DG) and Dollar Tree (DLTR), whose lower-income customers spend a greater share of their income on gas than higher-income consumers, have shed about 25% and 15% of their value, respectively.

It hasn’t been all doom and gloom. The S&P 500’s energy stocks are up more than 12% since the war began, buoyed by a 45% increase in crude oil prices. Refiners like Marathon Petroleum (MPC) and Valero Energy (VLO), up a respective 27% and 24% this month, stand out as the sector’s best performers. Oil producers like Occidental Petroleum (OXY) and ConocoPhillips (COP), which benefit directly and immediately from higher prices, are also up double-digits. The sector’s laggards—if you can call them that, since they're mostly higher themselves—have been oilfield services providers like Baker Hughes (BKR) and Williams Cos. (WMB). 

Stock performance within the energy sector—and relative to oil prices—may say a lot about what investors make of the war and its impact on oil supplies, according to experts. Thomas Shipp, head of equity research at LPL Financial, wrote in a note Thursday that the outperformance of crude oil relative to producers’ stocks “may point to the market not trusting the commodity move.” (That is, traders believe the spike in oil prices, and thus the benefit to the sector, will be relatively short-lived.)

Whether they’re correct hinges on the success of negotiations to wind down the conflict and reopen the Strait of Hormuz, the closure of which has deprived the world of about a fifth of its pre-war oil supply. Experts say the two sides are far apart in their demands, and the U.S. is still adding to its military build-up in the region, raising some doubts about the likelihood of a quick diplomatic solution. If oil stays higher for longer, said Shipp, that could propel sector stocks even further.

Update—March 27, 2026: This story has been updated to reflect the close of markets on Friday.

• Elon Musk's SpaceX could be set to make its market debut soon, with some reports suggesting its prospectus could file any day now.
• Tesla investors could reportedly get preferential access to shares of SpaceX, which is backed by Tesla and could be set to merge with the company next year.

There are a number of reasons why Tesla shareholders should care about SpaceX's highly anticipated initial public offering, which could be right around the corner.

For starters, their fortunes could be increasingly tied through Tesla's (TSLA) existing investments in the space startup. Tesla's $2 billion investment in xAI was converted to SpaceX shares, the company disclosed earlier this month, in the wake of SpaceX's acquisition of xAI.

Joint plans for a new chip factory have also deepened ties between Tesla and SpaceX, adding fuel to speculation they could be on the path toward a merger, after a series of recent consolidating moves by CEO Elon Musk. This year's merger between SpaceX and xAI came just months after xAI merged with X last year.

Elon Musk's Tesla and SpaceX are becoming increasingly tied together through investments and shared resources.

Wedbush analysts led by Dan Ives said they believe Tesla could join with SpaceX as soon as next year, viewing their chip factory plans and Tesla's investments as laying the groundwork for a merger.

"Musk wants to own and control more of the AI ecosystem and step by step the holy grail could be combining SpaceX and Tesla in some way to give the connected tissue between both disruptive tech stalwarts," they wrote in Friday note.

In the near term, SpaceX's prospectus filing—which The Information reported could drop any day now—could reveal preferential access to the shares for Tesla shareholders. SpaceX and Tesla did not respond to an Investopedia request for comment in time for publication.

SpaceX, which is seen making its trading debut as soon as this June, is now expected to raise up to $75 billion, up from $50 billion previously. That could give it a $1.75 trillion valuation, according to Wedbush. (Tesla had a market capitalization of $1.35 trillion as of Friday afternoon.)

Space X logged about $8 billion in profits on $15 billion to $16 billion of revenue ​last year, Reuters reported, with its satellite-based internet system Starlink accounting for over half of its earnings before interest, taxes, depreciation and amortization (EBITDA).