Co-Founder, Technoking of Tesla, Chief Executive Officer & Director, Tesla
🇺🇸 Elon Musk Launches Historic SPCX $1.77 Trillion SpaceX IPO on Nasdaq Exchange [LIVE]
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About Elon Musk
Elon Musk recently oversaw SpaceX’s public listing on the Nasdaq on June 12, 2026, which he said was the largest initial public offering in the history of capital markets. During the event, Musk stated that he had originally given SpaceX “less than a 10% chance of succeeding at all” and recalled telling people, “Look, we’re probably going to fail, but you know, we should give it a try because if we don’t… we will never be a truly spacefaring civilization.” He described SpaceX’s mission as “to take the fiction out of science fiction” and said the company aims to make humanity multi-planetary, adding, “We want to be able to take anyone who wants to go to the moon, anyone who wants to go to Mars… not just a few astronauts.” The IPO was widely reported to have made Musk the world’s first trillionaire. In addition to the IPO, Musk discussed SpaceX’s plans to build AI satellites and space-based data centers. In an interview with SpaceX employees in Bastrop, Texas, he said that the company’s AI satellite is “actually much simpler than a Starlink satellite” and noted that the current reference design calls for Nvidia Rubin chips. He also spoke about a “terrafab” facility that he said would be approximately 100 million square feet, roughly 10 times the size of Tesla’s Gigafactory Texas, and discussed using a mass driver on the moon to launch materials into deep space. Separately, Musk oversaw the final delivery of Tesla’s Model S and Model X vehicles, which he called a “bittersweet moment,” emphasizing that those cars “showed that an electric car could actually be the best car of any period.”
Transcript (11 segments)
✨ AI-enhanced transcript with speaker attribution
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Narrator0:00
The company begins trading today on Nasdaq under the ticker SPCX in what stands as the largest public offering in the history of capital markets.
As the home of innovation and the home of the innovation economy, Nasdaq is incredibly proud to be SpaceX's partner as it builds the physical and digital infrastructure of the future. Your mission is now backed by the financial engines of the public markets with access to every investor everywhere. Congratulations to the entire SpaceX team. We cannot wait to see what comes next. And now, please join me in welcoming SpaceX's president and chief operating officer Gwynne Shotwell for her opening remarks.
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Gwynne Shotwell0:57
Good morning, everybody. I am so excited to be here. Today, we make history again. We have a history of making history. So, I want everyone to know that we did open this morning in a rather exciting way. We launched. Falcon 9 launched Starlink satellites to orbit. So, what company would do such a thing on the day that they open in the public market? SpaceX would, right? I am so proud of this team. Today, we're 24... Not today. This year, we are 24 years old. Elon founded this company in 2002 initially to build rockets and spaceships that will take humans to Mars, the moon, and even beyond. We've done... We've not quite gotten to Mars. We're almost at the moon, but let's just quickly run through the amazing things that you guys have accomplished. 2008, 6 weeks after a failure of flight 3 Falcon 1, we got the first liquid fueled rocket to orbit from a private company. Yay.
By the way, I should have prefaced this with everyone said we could never get to orbit. Check. But it was a little rocket. Then everyone said, 'Well, you can't get a real rocket to orbit.' 2 years later, we got a real rocket to orbit, Falcon 9. Oh, well, you'll never... you'll never get to the space station, because that's what we really want to do, right? We want to take humans outside the bounds of Earth, but you'll never get astronauts to the space station. Check. We did that, too, doubters, right? Oh, you'll never fly Falcon 9 enough, you'll never get to production. 165 launches last year, check.
You'll never build a rocket large enough to take humans to the moon and Mars. We built one, we've flown it, and this year, I believe we'll get to orbit with that vehicle, and we'll recover the first... the second stage. We've already recovered the first stage and reflown it. So, good on you all for that, too.
With the merger the acquisition of XAI, we now as a group own the largest coherent gigawatt class compute on the planet, which will help us truth seek and understand the universe. So, congratulations to all of us for that.
So, we're about 22,000 strong. I'm super proud that over half of us actually bought additional stock in this opening totaling almost a billion dollars. So, thank you for that, too.
But really, the thank yous go to all of you for hanging in there, for keeping a straight spine as the doubters doubt, to achieve historic things sometimes every day, multiple times a week. Thank you, all of you, for doing this. And I hope today is a day that you feel great about and that you're celebrating. Take a moment. Now, the Falcon recovery team can't take a moment today. Everybody else can, and I hope Falcon recovery team could take a moment a little bit later. Yeah. And also, thank you to the families, the partners, the plus ones, the children, the brothers, the sisters, the parents that have lived through long nights, that have seen launch failures, that have seen AI compute go down, that have seen the trials and tribulations of this incredibly difficult business. Thank you so much for hanging in there. I know I can't do this without my incredible partner and husband, too. And I know you all have been a great source of support for all the SpaceX team, and you are a huge part of this success, too. So, thank you for that.
I haven't mentioned Starlink and Starlink mobile yet. We're probably connected through that. So, incredible team to do that, connecting those that are unconnected. And I'm really excited about the future of that. In fact, as I was meeting with literally almost a thousand people in person over the last two weeks and almost a hundred thousand through telecommunications, hopefully on Starlink, what was clear to me as I was talking about the future and they were asking questions about what we'd achieved and what we're going to achieve, what was clear to me is that we are just beginning. It might feel like a long haul, but it's going to be even more exciting going forward. So, thank you again. I want to introduce my boss of 24 years, the chairman of this incredible company, the CEO of this incredible company, and the chief designer of this incredible company, Mr. Elon Musk, who is in Starbase, Texas, and he's celebrating there with 4 or 5,000 people. Thank you so much.
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Elon Musk7:09
Well, thank you, Gwynne. Gwynne Shotwell has been an incredible partner. And was one of the first people to join the company, so thank you, Gwynne. Oh, she's in New York, of course. Oh, where is she? And yeah, it is certainly hard to believe that little company that started in a warehouse in El Segundo is now going public for the largest IPO ever. And let me tell you, if people had told me this was going to happen, I was like, 'Man, you must be smoking some really good crack because I think this company's going to fail.' I gave SpaceX less than a 10% chance of succeeding at all, to be clear. In fact, I told people this. I was like, 'We're probably going to fail, but you know, we should give it a try because if we don't, if there's not a new company that enters space, we will never be a truly space-bearing civilization.' And you know, while the other aerospace companies build good rockets and everything, they were simply not pursuing the technology that's necessary to make life multi-planetary. To make Star Trek, to make the exciting science fiction futures that we've read about real. And that's what SpaceX is all about. It's to take the fiction out of science fiction. And create an exciting, inspiring future for everyone. We want to be able to take anyone who wants to go to the moon, anyone who wants to go to Mars, or anywhere in the solar system, and maybe beyond the solar system at some point. We want to be able to take you there. Not just a few astronauts. I mean, you, literally you. If you're watching, whoever you are watching this, SpaceX wants to be able to take you to the moon, take you to Mars, and ultimately beyond. And I'm confident at this point that with the incredible team that we have here at SpaceX, that we will do that for you.
Yeah. I always think about this, that there are always problems on Earth. There are always problems on Earth. There are always things that we wish to be better, that we want to solve here on Earth. And we should solve them. But there also have to be things that get you excited about the future. That make you glad to wake up in the morning because you can't wait to see what happens next. And that's the future that SpaceX wants to bring to you. Yeah.