NPR News: 06-12-2026 8PM EDT

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Ryland Barton· Host0:13

Live from NPR News in Washington, I'm Ryland Barton. Elon Musk's company, SpaceX, had a banner day on its stock market debut today. As NPR's John Ruwitch reports, it rose more than nineteen percent and made Musk a trillionaire.

John Ruwitch0:27

SpaceX broke records with its IPO, raising seventy-five billion dollars. And when the shares traded on the NASDAQ, demand was strong. The stock opened up eleven percent from the IPO price and ended the day up more than nineteen percent, making SpaceX one of the biggest companies on Earth by market cap. Some experts say it's overvalued, though. The company has a unique toehold in rocketry and satellite communications, and it's also involved in artificial intelligence, but it lost five billion dollars last year and another four billion in the first quarter of this year. SpaceX doesn't lack for ambition. It wants to put people on Mars, but its path to profitability is unclear. With the SpaceX IPO now in the books, markets will be looking ahead to two other mega listings expected this year: Anthropic and OpenAI. John Ruwitch, NPR News.

Ryland Barton· Host1:13

The Trump administration filed for an emergency stay today to prevent the removal of President Trump's name from the Kennedy Center. NPR's Chloe Veltman reports this came after a federal judge denied an initial appeal earlier today by the center's board of trustees.

Chloe Veltman1:28

It was looking as if the board, which is