SpaceX’s massive IPO: all the latest news – The Verge

The world’s first trillionaire is a killer

2026-06-12T15:21:40-04:00

Hm! | Photo: Kristen Radtke / The Verge; Getty Images

Elon Musk's SpaceX IPO will probably make him the richest person to ever walk the planet. And while his mountain of horrible personal conduct could fill multiple books, one fact in particular stands out: A year ago, Musk's actions directly led to the deaths of hundreds of thousands of people. He did it knowingly. And, worse - gleefully.

This is not a serious person, but his abuse of the world is deadly serious. In the first months of President Donald Trump's second term, the Musk-led Department of Government Efficiency (DOGE) destroyed the US Agency for International Development, whose mission was a boon to public health around the globe. M …

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A trillion dollars is a stupid amount of money

2026-06-12T13:42:00-04:00

Elon Musk is now officially the world's first trillionaire. That is a colossal amount of wealth (and by proxy, power) for one individual to have. Its scale - a thousand times more than a billion - is difficult to fathom for those of us who aren't among the 3,363 billionaires that currently exist in our world. But let's try to comprehend it anyway.

The most frequently cited comparison is time. If you were to count out a million seconds, it would take you 11 and a half days. A billion seconds would take you 31.7 years. But a trillion seconds would take 31,700 years - to reach that point today, you would have needed to start counting in the Pa …

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Elon Musk is the world’s first trillionaire

2026-06-12T12:27:55-04:00

Elon Musk's net worth has passed the trillion-dollar mark after SpaceX's IPO. His net worth, which was hovering around $800 billion before the IPO, includes the value of his 4.8 billion shares in SpaceX, along with his wealth from his other companies, like Tesla. Shares of SPCX opened at $150 and have remained well above the $138 benchmark that gives Musk a 13-figure net worth.

SpaceX combined Musk's rocket, AI, and social media platforms earlier this year, and said in its S-1 that its goal is to "build the systems and technologies necessary to make life multiplanetary, to understand the true nature of the universe, and to extend the light …

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SpaceX is now public

2026-06-12T09:54:49-04:00

SpaceX is now a publicly traded company.

In one of the most highly anticipated and controversial public offerings of all time, the rocket venture helmed by Elon Musk started trading on Nasdaq on June 12th at the take-it-or-leave-it price of $135-per-share - though most retail investors will likely pay far more.

The IPO is historic for many reasons: SpaceX is hoping to raise $75 billion under the ticker symbol SPCX, which would make it the largest public offering in history. The company is controlled by Musk, who also runs Tesla, another trillion-dollar company. The IPO is expected to make Musk, who is set to control 85 percent of the voti …

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Elon Musk is encouraging race riots on the eve of SpaceX’s IPO

2026-06-11T11:51:49-04:00

Elon Musk, on the verge of becoming the world's first trillionaire, is whipping up anti-immigration tensions amid ongoing riots in Belfast, Northern Ireland. Following a knife attack in the city on Monday, Musk declared support for Restore Britain, a hard-right populist political party that advocates for large-scale migrant deportation in the UK. He reposted statements from party leader Rupert Lowe calling for "a vast number of people" to be forced out of the country, as well as a promise from Lowe to "prosecute officials and politicians who knowingly placed dangerous third world savages in our communities." "This is the way," Musk added to …

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The SpaceX IPO is great for Elon Musk and terrible for you

2026-05-29T13:31:41-04:00

Number go up? | Image: Cath Virginia / The Verge, Getty Images

I haven't seen anything as stupid as the WeWork IPO document in a very long time - that is, until Elon Musk filed to take SpaceX public. WeWork was a joke. SpaceX is a threat. And if Musk and his bankers have their way, you are going to be their bagholder.

Lots of the top-line details leaked long before the S-1 filing itself became public. There's the rumored valuation of more than $1 trillion. That's despite the nearly $5 billion in losses last year. The total addressable market (TAM) for SpaceX - the amount of revenue SpaceX thinks it could make if won over what it thinks is its entire customer base - was listed as $28.5 trillion. By way …

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SpaceX gets $4 billion contract to build missile-tracking ‘Golden Dome’ satellites

2026-05-29T17:59:46-04:00

The Pentagon awarded SpaceX a $4.16 billion contract to build missile-tracking satellites linked with President Donald Trump's planned "Golden Dome" defense system, as reported earlier by Bloomberg. In an announcement on Friday, the US Space Force says the sensor-equipped satellites will allow it to detect and track targets from space.

The Elon Musk-owned SpaceX - which recently filed for what could be the biggest initial public offering ever - already has contracts with the Space Force to develop other parts of the Golden Dome. Similar to Israel's Iron Dome, Trump's pricey defense system would identify and take down missiles and other airb …

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In SpaceX’s IPO, Elon Musk is the risk factor

2026-05-21T10:13:33-04:00

The SpaceX IPO is here, and it's more than just an historic public offering that could make Elon Musk the world's first trillionaire. It also reveals more ways in which Elon Musk's companies interact and overlap with each other, shuffling money around in ways that are often difficult to keep track of.

This is evident in ways that are both obvious and less so. A CTRL-F search for "Tesla" yields 87 results, "xAI" is mentioned 356 times, "Grok" 243 times, and "X" 267 times. Even the "Boring Company" (7 times), "Neuralink" (3), and "Optimus" (1) get a few mentions. Throughout its 330 pages of rocket launches and interplanetary wishes, you can …

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SpaceX just filed for what could be the biggest IPO ever

2026-05-21T06:24:18-04:00

Elon Musk's final frontier is officially open for business now that SpaceX has formally filed its S-1 prospectus with the SEC. That kicks off what could be the largest initial public offering ever when it lists on the Nasdaq stock exchange with the ticker SPCX.

SpaceX generated $18.67 billion in revenue in 2025, driven largely by its Starlink satellite internet service, which brought in more than $11 billion, as reported by The Wall Street Journal. The company lost over $4.9 billion last year, with capital expenditures soaring to $20.7 billion last year, a leap from $11.2 billion in 2024, as reported by The New York Times. xAI, which recent …

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The SpaceX IPO is a trillion-dollar gamble on the future of space

2026-04-21T08:38:20-04:00

Booster 19, or ''B19'', is seen atop pad 2 at SpaceX's South Texas facility in Cameron County, Texas, ahead of an igniter test on April 13, 2026. (Photo by Reginald Mathalone/NurPhoto via Getty Images) | NurPhoto via Getty Images

The great SpaceX IPO is looming, allowing outside investors - including regular Joe Schmoes, or retail investors - to buy a stake in one of the buzziest and most controversial companies on the planet for the first time. Depending on who you ask, it's either the best investment opportunity you'll see this decade or a fool's errand to rip off credulous Musk fanboys. With valuations of the company going to sky-high levels, over $1 trillion according to some estimates, there's certainly a furor around the potential for rich returns.

But is there really any money to be made in space?

Let's be clear: There are plenty of companies making money …

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