How Elon Musk Engineered the World’s Biggest I.P.O.
6/2/202631 min
SpaceX, Elon Musk’s rocket and satellite maker, is set to go public and begin selling shares as soon as next week.
Ryan Mac, who reports on business, explains the plan for the company’s expected record-shattering debut on the stock market, and how it is changing the rules for investing.
Guest: Ryan Mac, a New York Times reporter based in Los Angeles who covers corporate accountability across the global technology industry.
Background reading:
- Why sky-high I.P.O. pricing isn’t great for real people.
- From April: SpaceX filed to go public, setting the stage for a huge I.P.O.
Photo: Steve Nesius/Reuters
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Clips
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Michael Barbaro· Host0:29
[upbeat music] From The New York Times, I'm Michael Barbaro. This is The Daily. On Monday, the AI giant Anthropic filed paperwork to go public, turbocharging a coming wave of blockbuster IPOs that could mint the world's first trillionaire and remake American capitalism. The first of those IPOs will be Elon Musk's SpaceX, set to begin selling shares as soon as next week. Today, business reporter Ryan Mac takes us inside the plan for SpaceX's record-shattering debut on the stock market, and explains how it's already changing the rules for investing in ways that mean its success or failure will affect all of us.