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SpaceX's First Employee Remains on Mission: "Space Is Super Important"
The offering is expected to price at $135 a share and could create more than 4,000 new millionaires among employees, according to estimates.
- On Friday, SpaceX will launch the largest initial public offering in history on the NASDAQ, aiming to raise $75 billion at $135 per share, valuing the 24-year-old space giant at $1.77 trillion.
- SpaceX's path to public markets follows a pivotal 2008 moment when the company nearly ran out of money, with Tom Mueller, the firm's first employee, crediting success to Elon Musk's strategy to make low-cost space access via Falcon 9.
- BlackRock is placing an order for at least $5 billion in shares, according to The Wall Street Journal. SpaceX posted $18.67 billion in 2025 revenue, though it reported a $4.9 billion net loss.
- The offering will create over 4,000 new millionaires among current and former employees holding equity. Mueller, who led development of the Merlin and Raptor engines, said "He has all the pieces" to succeed.
- Mueller dismissed skeptics of the valuation, stating "I'm going long," while emphasizing that space exploration is becoming critical for orbital data centers and lunar resource extraction.
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19 Articles
19 Articles
SpaceX is now behind the world's largest IPO. Shortly after the first trades on the stock exchange, the stock skyrockets.
·Copenhagen, Denmark
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SpaceX's market debut is the dominant issue in the markets. Our US correspondent explains when the stock will be represented in the major indices.
·Düsseldorf, Germany
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Industry Experts Discuss SpaceX IPO
Elon Musk’s rocket company SpaceX, formally known as Space Exploration Technologies Corp., debuts on the U.S. stock market on June 12. Chris Quilty of Quilty Space, George Pullen of MilkyWayEconomy, and Lou Whiteman of The Motley Fool join a discussion on the SpaceX IPO hosted by Laura Winter at 10:30 a.m. ET. ...
·New York, United States
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Coverage Details
Total News Sources19
Leaning Left4Leaning Right3Center3Last UpdatedBias Distribution40% Left
Bias Distribution
- 40% of the sources lean Left
40% Left
L 40%
C 30%
R 30%
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