Dernières nouvelles pour Otis Worldwide (NYSE:OTIS) Stock

Otis Worldwide

Otis is the largest global elevator and escalator supplier by revenue with around 18% global market share. In 1854 Otis' founder and namesake Elisha Graves Otis, invented a safety mechanism that prevented elevators from falling if the hoisting cable failed. The company's product and service lifecycle begins with installations of elevator units in new buildings, later selling maintenance services on the units, and eventually replacement of the units after the average 15- to 20-year useful life of an elevator. As the largest global OEM, Otis has amassed an installed base under service that exceeds 2 million elevators. Its business model is similar to that of its closest competitors Kone, Schindler, and TK Elevator.

Otis Worldwide Corp

Wedbush Securities analyst Dan Ives sees EV giant Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) achieving a $2 trillion market cap by 2025-end in a bull case scenario.
What Happened: &#8220;We believe with the autonomous story at Tesla worth $1 trillion alone that in a bull case scenario by the end of 2025, Tesla could achieve a $2 trillion market cap threshold,&#8221; Ives said. &#8220;FSD, autonomous, and the launch of Cybercab for early 2026 are keys for Tesla."
Wedbush currently has a $400 price target on Tesla with an &#8220;outperform&#8221; rating. 
The analyst also said that he believes Musk will play a key role in the U.S.-China tariff negotiations next year. Musk&#8217;s involvement, he said, should enable Apple, Tesla, and Nvidia to &#8220;get carve-outs in this game of high-stakes poker between DC and Beijing.&#8221;
Other Predictions: Ives also made eight other projections for the tech sector in 2025, adding that he expects tech mergers and acquisitions to increase by over 50% in terms of public deal-making given that financial buyers and strategic tech players seem interested in fields including software, cyber security, AI infrastructure, and consumer technology.
He also expects tech stocks to be up by another 25% in 2025 and for Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), and Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) to join the exclusive $4 trillion market cap club as the &#8220;AI revolution&#8221; moves into its next gear of growth.
Ives is also optimistic about Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>), which he deems to be the most <a href="https://www.benzinga.com/24/12/42453057/palantir-positioned-to-become-the-next-oracle-in-2025-says-dan-ives-messi-of-ai-set-for-breakout-year">underappreciated tech name</a>.
&#8220;We believe 2025 will be another breakout year as its flagship AIP (artificial intelligence platform) product transforms AI use cases within enterprises&#8230; with the Messi of AI potentially the next Oracle (Corp),&#8221; he said about Palantir.
The Wedbush analyst is also <a href="https://www.benzinga.com/markets/equities/24/09/40767552/iphone-16-could-kick-off-biggest-upgrade-cycle-in-apples-history-says-dan-ives-wedbush-analyst-p">positive on iPhone sales</a> and expects Apple to ship more than 240 million iPhones in 2025, breaking previous records. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">We just published our annual Top 10 Christmas Wish List for the Tech Sector in 2025 &#x1f525;&#x1f3c6;&#x1f402;&#x1f37f;&#x1f4cd;&#x1f447;&#x1f384; <a href="https://t.co/3udicr0J7h">pic.twitter.com/3udicr0J7h</a>
&mdash; Dan Ives (@DivesTech) <a href="https://twitter.com/DivesTech/status/1866955641862098998?ref_src=twsrc%5Etfw">December 11, 2024</a></blockquote>
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Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Read Next:
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<li><a href="https://www.benzinga.com/24/12/42453807/spacex-hits-350-billion-valuation-in-insider-share-sale-ceo-elon-musk-says-no-investors-wanted-to-sell-shares" target="_blank" rel="noreferrer noopener">SpaceX Hits $350 Billion Valuation In Insider Share Sale: CEO Elon Musk Says ‘No Investors Wanted To Sell Shares'</a></li>
</ul>
Photo courtesy: Tesla

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TSLA

Tesla Could Touch $2 Trillion Market Cap By End Of 2025, Says Tech Bull: FSD, Robotaxis, And Cybercab 'Keys' For EV Giant

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ALLT

Asahi Net, A Broadband Provider In Japan, And Allot Have Signed An Agreement For Asahi Net To Adopt The Newly Announced SG-Tera III Multiservice Platform

Piper Sandler analyst Brent Bracelin maintains Adobe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) with a Overweight and lowers the price target from $635 to $600.

Price Target

ADBE

Piper Sandler Maintains Overweight on Adobe, Lowers Price Target to $600

The collaboration will leverage the Infosys Energy Cloud, which is part of <a href="https://www.infosys.com/services/cloud-cobalt.html">Infosys Cobalt</a>, a set of services, solutions and platforms for enterprises to accelerate their cloud journey, and <a href="https://www.infosys.com/services/data-ai-topaz.html">Infosys Topaz</a>, an AI-first offering using generative AI technologies.

INFY

Infosys Enters Collaboration With RheinEnergie To Help Enterprises Drive Energy Transition And Sustainability Agenda Forward

Health Care

Quantum-Si Has Expanded Its International Distribution Network To 15 Partners, The Commercial Distribution Network Includes Further Expansion Across Western And Eastern Europe And Asia, As Well As New Expansion Into The Middle East, Africa, South America, And The South Pacific Regions

Goldman Sachs analyst Noah Poponak initiates coverage on V2X (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VVX#NYSE">VVX</a>) with a Sell rating and announces Price Target of $54.

Initiation

Goldman Sachs Initiates Coverage On V2X with Sell Rating, Announces Price Target of $54

Rodman &amp; Renshaw analyst Elemer Piros initiates coverage on FibroBiologics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FBLG#NASDAQ">FBLG</a>) with a Buy rating and announces Price Target of $12.

FBLG

Rodman & Renshaw Initiates Coverage On FibroBiologics with Buy Rating, Announces Price Target of $12

As the global commodity market braces for a challenging 2025,&nbsp;ING Group NV&nbsp;forecasts a bullish outlook for gold amid potential trade tensions between the U.S. and China.
What Happened: ING Group NV&nbsp;anticipates a difficult year for commodities in 2025, driven by possible trade tensions between the United States and China. Despite this, gold is expected to maintain its status as a safe haven, Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-12-12/gold-will-shine-in-bearish-year-ahead-for-commodities-ing-says">reported</a> on Thursday.
The report indicates that President-elect&nbsp;Donald Trump&#8216;s proposed tariffs could disrupt markets, impacting oil, metals, and agriculture. Traders are also monitoring China&#8217;s stimulus measures, which could affect consumption.&nbsp;Warren Patterson&nbsp;and&nbsp;Ewa Manthey&nbsp;from ING noted that the commodity sector might face downward pressure with balanced supply and demand.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42405504/dogecoin-can-touch-18-if-things-go-wild-says-influential-crypto-trader-thankful-for-the-dip-and-will-buy-more?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Dogecoin Can Touch $18 If Things &#8216;Go Wild,&#8217; Says Influential Crypto Trader: &#8216;Thankful For The Dip And Will Buy More&#8217;</a> 
Gold is projected to continue its record-breaking trend,&nbsp;with prices averaging $2,760 an&nbsp;ounce in 2025. Central banks are likely to drive demand as they diversify reserves amid geopolitical tensions.&nbsp;The outlook for industrial metals&nbsp;remains uncertain, with factors like trade policies and Chinese demand influencing prices. Copper is predicted&nbsp;to average $8,900 a ton, while grains and soft commodities face volatility due to trade disputes and weather concerns.
Why It Matters: The anticipated performance of gold aligns with earlier <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41810728/jpmorgan-predicts-strong-performance-for-bitcoin-and-gold-under-trump-presidency">predictions by&nbsp;JPMorgan</a>, which foresaw significant gains for both Bitcoin and gold following Trump&#8217;s presidential win. This is attributed to a &#8220;debasement trade,&#8221; where assets like gold are seen as reliable stores of value amid currency devaluation.
Despite the chaotic metals market post-Trump&#8217;s re-election,&nbsp;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41877899/trump-re-election-jolts-metals-market-as-gold-sees-a-stumble-not-a-sea-change">JPMorgan&#8217;s Commodities Research team</a>&nbsp;emphasized that gold&#8217;s recent fluctuations are merely a &#8220;stumble, not a sea change.&#8221; Meanwhile, some voices, like&nbsp;Michael Saylor, advocate for a <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42413650/michael-saylor-urges-us-to-ditch-gold-for-bitcoin-sell-the-past-own-the-future">shift towards Bitcoin</a>, labeling gold as outdated. However, gold&#8217;s enduring appeal as a safe haven remains significant amidst geopolitical uncertainties.
Price Action: According to <a href="https://pro.benzinga.com">Benzinga Pro</a>, Gold ETFs have been experiencing an upward tick after Trump&#8217;s win in the 2024 elections. SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>) increased by 4.54% while iShares Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAU#NYSE">IAU</a>) rose by 4.52%. VanEck Gold Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDX#NYSE">GDX</a>) witnessed an 8.25% rise in the past month while VanEck Junior Gold Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDXJ#NYSE">GDXJ</a>) rose by 10.57%.
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/trading-ideas/movers/24/12/42380768/quantum-computing-stocks-roundup-d-wave-rigetti-ionq-lead-the-charge-with-explosive-growth?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Quantum Computing Stocks Roundup: D-Wave, Rigetti, IonQ Lead the Charge With Explosive Growth</a></li>
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Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Image via Shutterstock

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Market Vectors ETF Trust Market Vectors Gold Miners

GDXJ

Gold To Shine Bright In 2025 As Top Investment Bank Predicts Bullish Outlook Amid Trade Tensions

On Wednesday, Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) made a significant stride in bridging the gap between Apple Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) iPhones and Windows PCs with its latest Phone Link update.
What Happened: With the new Phone Link update (version 1.24112.89.0 or higher), Windows Insiders can now share files back and forth between their iPhone and PC.&nbsp;
Simply put, users can seamlessly transfer photos, documents, and more between their iPhones and Windows computers, just like Android users have been doing all along.
See Also: <a href="https://www.benzinga.com/tech/24/12/42453840/how-to-unlock-apple-intelligence-features-with-ios-18-2-everything-you-need-to-know">How To Unlock Apple Intelligence Features With iOS 18.2: Everything You Need To Know</a>
Here's What You Need To Get Started
To start sharing files between their iPhone and PC, users will need an iPhone running iOS 16 or higher, the Link to Windows app (version 1.24112.73 or higher) on their iPhone, a Phone Link version 1.24112.89.0 or higher on their PC, and enrollment in the Windows Insider Program.
For people who have never connected their iPhone to Phone Link, it's an easy setup process that offers the file-sharing feature right from the start.
Subscribe to the <a href="https://bztechtrends.beehiiv.com/subscribe">Benzinga Tech Trends newsletter</a> to get all the latest tech developments delivered to your inbox.
What You Need To Do:
<ul>
<li>From the iPhone, tap the share icon and choose "Link to Windows."</li>
<li>Select the desired PC, and voilà!</li>
</ul>
For PC-to-iPhone sharing, right-click on the file, select "Share," and pick "My Phone."
For those who are already connected, simply visit aka.ms/addAccount on the PC to activate the new feature.
Why It Matters: While this update is a major improvement, Microsoft's journey to fully unlock iPhone-PC integration is ongoing.
The app still can&#8217;t mirror apps or handle group chats in iMessage, but it&#8217;s a solid start in making cross-platform file sharing more accessible for all.
Check out more of Benzinga&#8217;s Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech">following this link</a>.
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<li><a href="https://www.benzinga.com/tech/24/11/41931521/apples-2024-mac-mini-is-a-compact-powerhouse-but-its-power-button-placement-is-not-the-most-accessible-here-are-some-workable-fixes">Apple's 2024 Mac Mini Is A Compact Powerhouse, But Its Power Button Placement Is Not The Most Accessible: Here Are Some Workable Fixes</a></li>
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Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo courtesy: Unsplash

Microsoft Brings iPhone File Sharing To Windows PCs With New Phone Link Update: Here's What You Need To Know

Deutsche Bank analyst Steve Powers initiates coverage on Lamb Weston Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LW#NYSE">LW</a>) with a Hold rating and announces Price Target of $81.

Deutsche Bank Initiates Coverage On Lamb Weston Hldgs with Hold Rating, Announces Price Target of $81

Deutsche Bank analyst Steve Powers initiates coverage on e.l.f. Beauty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELF#NYSE">ELF</a>) with a Hold rating and announces Price Target of $133.

Deutsche Bank Initiates Coverage On e.l.f. Beauty with Hold Rating, Announces Price Target of $133

Deutsche Bank analyst Steve Powers initiates coverage on Celsius Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CELH#NASDAQ">CELH</a>) with a Hold rating and announces Price Target of $32.

CELH

Deutsche Bank Initiates Coverage On Celsius Holdings with Hold Rating, Announces Price Target of $32

Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) subsidiary Google's unveiling of its next-generation quantum chip, "Willow" has sent ripples through the tech world, with its lightning-fast computation capabilities stoking concerns for Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and other cryptocurrencies.
What happened: The new chip, developed at the company's California quantum lab, can solve a standard benchmark computation in under five minutes, a <a href="https://www.benzinga.com/24/12/42397333/google-quantum-ais-willow-chip-outsmarts-supercomputers-completing-tasks-in-minutes-that-would-take-10-septillion-years">task that would take the world&#8217;s fastest supercomputers 10 septillions</a>, or 10^25, years to solve.
The fear is, it would break the much-vaunted Bitcoin security.
For context, Bitcoin's decentralized and trustless structure is powered by cryptography—a practice of coding information to keep it secure and only readable by the intended recipient. 
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42452819/trump-backed-world-liberty-financial-bags-10m-in-ethereum-whats-going-on">Trump-Backed World Liberty Financial Bags $10M In Ethereum: What&#8217;s Going On?</a>
A widely followed X user, going by the pseudonym John Trades MBA, made a sweeping remark on the new chip&#8217;s impact on Bitcoin&#8217;s mining.
"If Google quantum chip Willow is really that good they could mine all the remaining Bitcoin. 1.1 million Bitcoins are left to be mined worth $110 billion."
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">If <a href="https://twitter.com/search?q=%24Google&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$Google</a> quantum chip Willow is really that good they could mine all the remaining bitcoin 1.1 Million Bitcoins are left to be mined worth $110 Billion <a href="https://t.co/zrfN5jNV43">pic.twitter.com/zrfN5jNV43</a>
&mdash; John Trades MBA (@JPATrades) <a href="https://twitter.com/JPATrades/status/1866247737836249519?ref_src=twsrc%5Etfw">December 9, 2024</a></blockquote>
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However, his claims were quickly fact-checked, with users pointing out that the hashing algorithm used in Bitcoin to verify transactions and public addresses was theorized to be quantum-resistant.
Users also highlighted <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40820546/bitcoin-mining-difficulty-hits-all-time-high-of-92-67-trillion-as-hash-rate-surges#:~:text=Bitcoin%20Mining%20Difficulty%20Hits%20All,As%20Hash%20Rate%20Surges%20%2D%20Benzinga">Bitcoin&#8217;s difficulty adjustment</a> algorithm that ensures that new blocks are mined roughly every 10 minutes, regardless of the number of miners or the amount of computing power they use.
Renowned internet entrepreneur Kevin Rose also decided to allay the fears.&nbsp;
"Estimates indicate that compromising Bitcoin&#8217;s encryption would necessitate a quantum computer with approximately 13 million qubits to achieve decryption within a 24-hour period," Rose explained. "In contrast, Google&#8217;s Willow chip, while a significant advancement, comprises 105 qubits."
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Q: Can Google&#39;s Willow crack Bitcoin? Estimates indicate that compromising Bitcoin&#39;s encryption would necessitate a quantum computer with approximately 13 million qubits to achieve decryption within a 24-hour period. In contrast, Google&#39;s Willow chip, while a significant…
&mdash; Kevin Rose (@kevinrose) <a href="https://twitter.com/kevinrose/status/1866253464420208722?ref_src=twsrc%5Etfw">December 9, 2024</a></blockquote>
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Tyler, another X user with a big following, made the same argument while highlighting Bitcoin&#8217;s flexibility to be forked and upgraded at any time to keep up with advancing technology.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Willow has 105 Qubits. To crack Bitcoin you need between 200-400million Qubits. It can also be forked at anytime and upgraded. Fantasising about Bitcoin dying just because you were too brain dead to buy in and make money is the real tweet. <a href="https://t.co/HOM0naWG0k">https://t.co/HOM0naWG0k</a> <a href="https://t.co/WeABK7h8Kv">pic.twitter.com/WeABK7h8Kv</a>
&mdash; Tyler (@TylerDurden) <a href="https://twitter.com/TylerDurden/status/1866279919661219903?ref_src=twsrc%5Etfw">December 10, 2024</a></blockquote>
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Another user, Pablo Lacasia, who described himself as a technology enthusiast, took a more balanced position, acknowledging the risk at hand.
"The consensus from available information is that while there is a risk, it&#8217;s not immediate, and the crypto community is aware of the need for proactive measures," Lacasia stated.&nbsp;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">While <a href="https://twitter.com/hashtag/quantum?src=hash&amp;ref_src=twsrc%5Etfw">#quantum</a> computers pose a theoretical threat to Bitcoin&#39;s current security model, the actual impact depends on the advancement of quantum technology versus the readiness and adaptability of Bitcoin&#39;s protocol to new cryptographic standards. <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> could potentially…
&mdash; Pablo Lacasia (@LacasiaPablo) <a href="https://twitter.com/LacasiaPablo/status/1866236477853880398?ref_src=twsrc%5Etfw">December 9, 2024</a></blockquote>
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He added that though Bitcoin can potentially survive by transitioning to quantum-resistant algorithms, the process would be "challenging."
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/trading-ideas/movers/24/12/42452955/shiba-inu-poised-for-180-upside-says-analyst-hodlers-keep-selling">Shiba Inu Poised For 180% Upside, Says Analyst — HODLers Keep Selling</a></li>
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Photo courtesy: Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

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GOOG

GOOGL

Will Google's New 'Willow' Chip Break Bitcoin? Some Dismiss It As 'Fantasy' While Others Flag 'Risk' That Isn't Immediate

SpaceX has rolled out its Starship spacecraft to the launch pad at Starbase for testing ahead of its <a href="https://www.benzinga.com/topic/starship">next flight test</a>, implying an imminent launch.
What Happened: &#8220;Starship ready for testing ahead of Flight 7,&#8221; SpaceX said in a post on social media platform X. The post was adjoined by photographs of the spacecraft on the pad.
The company, however, did not specify when the next flight would be.
Last week, SpaceX rolled out the <a href="https://www.benzinga.com/24/12/42376619/spacex-tests-starship-booster-ahead-of-next-flight">booster of the two-stage vehicle</a> to the launch pad for testing.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Starship ready for testing ahead of Flight 7 <a href="https://t.co/urGAsbQSR8">pic.twitter.com/urGAsbQSR8</a>
&mdash; SpaceX (@SpaceX) <a href="https://twitter.com/SpaceX/status/1867048387348250707?ref_src=twsrc%5Etfw">December 12, 2024</a></blockquote>
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Starship is currently in the testing and development phase.
The company has conducted six test flights of the vehicle thus far starting in April 2023 but without a payload. The last flight test took place in November.
Why It Matters:&nbsp;The Starship vehicle is part of big dreams. While NASA is looking forward to taking humans back to the surface of the Moon after a gap of over 50 years with the help of a&nbsp;<a href="https://www.benzinga.com/24/11/42108681/spacex-shows-off-conceptual-version-of-starship-which-will-help-humans-land-back-on-moon-in-over-50-yrs" target="_blank" rel="noreferrer noopener">custom version of Starship</a>, Musk is dreaming of taking&nbsp;<a href="https://www.benzinga.com/news/24/09/40770222/elon-musk-sets-2026-for-starships-first-uncrewed-mars-mission-targeting-successful-landing" target="_blank" rel="noreferrer noopener">humans to the planet Mars</a>&nbsp;aboard Starship.
&#8220;…I would not be surprised if we fly 400 Starship launches in the next four years," SpaceX President and COO&nbsp;Gwynne Shotwell&nbsp;<a href="https://www.benzinga.com/general/space/24/11/42105704/spacex-ceo-elon-musk-reveals-technical-glitch-that-led-company-to-drop-key-objective-of-starships-6th-test-flight" target="_blank" rel="noreferrer noopener">said at the Baron Investment Conference</a>&nbsp;in New York last month.
SpaceX is a privately held company. Unlike Musk's publicly held EV company Tesla, SpaceX&nbsp;<a href="https://www.benzinga.com/24/11/42022150/spacex-to-launch-tender-offer-valuing-company-at-over-250-billion-report" target="_blank" rel="noreferrer noopener">does not divulge its financials</a>&nbsp;periodically.
"We are going to make some money on Starlink this year. But ultimately I think Starship will be the thing that takes us over the top as one of the most valuable companies," Shotwell previously said.
For the upcoming flight test, SpaceX will attempt to land the Starship spacecraft in the ocean yet again.
&#8220;We will do one more ocean landing of the ship. If that goes well, then SpaceX will attempt to catch the ship with the tower,&#8221; Musk previously said.
Despite SpaceX being private, investors can leverage Destiny Tech100 Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DXYZ#NYSE">DXYZ</a>) and Cathie Wood‘s Ark Venture Fund (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARKVX#NASDAQ">ARKVX</a>) to participate in the Musk-led space company's growth.
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Read Next:
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<li><a href="https://www.benzinga.com/24/12/42453807/spacex-hits-350-billion-valuation-in-insider-share-sale-ceo-elon-musk-says-no-investors-wanted-to-sell-shares">SpaceX Hits $350 Billion Valuation In Insider Share Sale: CEO Elon Musk Says &#8216;No Investors Wanted To Sell Shares&#8217;</a></li>
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Photo courtesy: SpaceX

SPACE

ARKVX

DXYZ

SpaceX's Starship Returns To Starbase As Elon Musk's Company Gears Up For 7th Test Flight

Goldman Sachs analyst Eric Sheridan reiterates Alphabet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) with a Buy and maintains $210 price target.

Reiteration

Goldman Sachs Reiterates Buy on Alphabet, Maintains $210 Price Target

Baird analyst William Power initiates coverage on Palantir Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) with a Neutral rating and announces Price Target of $70.

Baird Initiates Coverage On Palantir Technologies with Neutral Rating, Announces Price Target of $70

Seaport Global analyst David Joyce upgrades Comcast (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>) from Neutral to Buy and announces $46 price target.

Upgrades

CMCSA

Seaport Global Upgrades Comcast to Buy, Announces $46 Price Target

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) has spurred speculation about the <a href="https://www.benzinga.com/24/12/42282544/tesla-has-no-plans-to-sell-cybertruck-in-china-report">Cybertruck being introduced in China </a>by reportedly filing with China&#8217;s Ministry of Industry and Information Technology (MIIT) to measure the energy consumption of the stainless steel truck.
What Happened: Tesla received an Automobile Energy Consumption Label on Wednesday, according <a href="https://cnevpost.com/2024/12/11/tesla-completes-energy-consumption-filing-cybertruck-china/">to</a> a report by CnEVPost. The vehicle is classified as an M1 passenger vehicle in MIIT&#8217;s database with a range of 618 kilometers (384 miles.)
The filing has again spurred speculation of the stainless steel truck being sold in the country. However, the Automobile Energy Consumption Label is just one among the many compliance requirements to sell a vehicle mode in China, the report noted.
Tesla started delivering Cybertrucks to customers in the U.S. on Nov. 30, 2023. Since then, the company has also started delivering the vehicle to customers in Canada and Mexico.
The company took the Cybertruck for a spin around China earlier this year as part of a tour but is yet to begin selling it in China. While Tesla's China website lists the Cybertruck among the company's several EV offerings, customers from the country cannot order it.
Why It Matters: Getting approvals for the stainless steel vehicle on roads would be difficult in China, Tesla CEO Elon Musk <a href="https://www.benzinga.com/news/24/01/36626369/tesla-ceo-elon-musk-tempers-down-expectations-of-cybertruck-rollout-in-china-could-ship-some-prototy" target="_blank" rel="noreferrer noopener">said in January</a>, without explaining why.
The Cybertruck is currently manufactured only at the&nbsp;<a href="https://www.benzinga.com/24/12/42262279/a-year-after-teslas-first-cybertruck-deliveries-the-truck-has-a-long-way-to-go-to-meet-musks-goals" target="_blank" rel="noreferrer noopener">company's gigafactory in Texas</a>, meaning that if Tesla chooses to sell it in China, it would have to be imported into the country like the company's other pricier EV offerings Model S and Model X.
Tesla's gigafactory in Shanghai only&nbsp;<a href="https://www.benzinga.com/24/11/42194964/tesla-expands-in-china-partners-with-over-400-local-suppliers-report" target="_blank" rel="noreferrer noopener">makes the company's lower-priced mass-market offerings</a>&nbsp;Model 3 and Model Y.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Read Next:
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<li><a href="https://www.benzinga.com/tech/24/12/42429588/gms-cruise-exit-draws-sharp-reaction-from-co-founder-kyle-vogt-tesla-ceo-elon-musk-says-autonomous-driving-is-a-very-hard-problem" target="_blank" rel="noreferrer noopener">GM&#8217;s Cruise Exit Draws Sharp Reaction From Co-Founder Kyle Vogt: Tesla CEO Elon Musk Says Autonomous Driving Is A ‘Very Hard Problem&#8217;</a></li>
</ul>
Photo courtesy: Tesla

Global

Tesla Inching Closer To Launch Cybertruck In China? EV Giant Makes Regulatory Filing After Shooting Down Rumors

Piper Sandler analyst Arvind Ramnani maintains Accenture (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) with a Overweight and raises the price target from $395 to $422.

Piper Sandler Maintains Overweight on Accenture, Raises Price Target to $422

&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4323297-1&amp;h=2179076444&amp;u=https%3A%2F%2Fwww.aon.com%2F&amp;a=Aon+plc">Aon plc</a>&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AON#NYSE">AON</a>), a leading global professional services firm, and the European Bank for Reconstruction and Development (EBRD) have structured a tailor-made and highly innovative facility supporting the revitalization of the war risk insurance market in Ukraine. With support from Aon, the EBRD has launched a new guarantee designed to boost the provision of reinsurance capacity to private sector insurers, addressing the ongoing challenges posed by the war.
Under the new €110 million Ukraine Recovery and Reconstruction Guarantee Facility, the EBRD will support global reinsurance companies through a guarantee covering losses on specific war-related risks underwritten by local Ukrainian insurers. The structure seeks to leverage existing market infrastructure and tested risk transfer mechanisms from the insurance industry to provide the protection private sector investors require.&nbsp;

Aon and EBRD Launch €110M Facility to Revive Ukraine's War Risk Insurance Market

Dividend Champion, Contender, And Challenger Highlights: Week Of November 10

BlackRock Global Dividend Fund Q3 2024 Commentary

Otis Worldwide (OTIS) Receives a Hold from Wells Fargo

Otis Worldwide: Strong Business And Dividend Growth, But Weak Momentum

Dividend Champion, Contender, And Challenger Highlights: Week Of December 1

Tracking Terry Smith's Fundsmith 13F Portfolio - Q3 2024 Update

Barclays downgraded Otis Worldwide (OTIS) to Underweight from Equal Weight with an unchanged price target of $94. Amid a "slightly brighter demand ...

Otis Worldwide downgraded to Underweight from Equal Weight at Barclays

Illinois Tool Works, Rockwell Automation, Gates upgraded at Barclays

Otis Worldwide, Roper Technologies downgraded at Barclays

Dana (DAN) announced that Nora LaFreniere has been appointed to the company's board of directors, effective immediately. LaFreniere serves as the e...

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