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Squawk on the Street

10AM Hour: SpaceX Goes Public 6/12/26

Squawk on the Street

CNBC

Investing, News, Business

4.1567 Ratings

🗓️ 12 June 2026

⏱️ 50 minutes

🧾️ Download transcript

Summary

Full coverage of the leadup to the first trade of SpaceX. Live from the Nasdaq, the Morgan Stanley trading floor, and the New York Stock Exchange. We speak with some of the top SpaceX shareholders as well and industry experts to make sense of SpaceX’s debut and its valuation. Squawk on the Street Disclaimer

Transcript

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0:00.0

It's probably been almost 10 years that people have been suggesting to me that I should take

0:08.4

SpaceX public.

0:09.4

This is going to become the largest company on the planet.

0:14.0

I think it would be pretty cool if you could, you know, vacation on the moon.

0:19.0

I wish them the best.

0:20.0

I mean, they're inventing stuff that can, you know, change humanity for the better. Is space six today worth one trillion? I don't know, maybe. Is it worth three? Yeah? You know, maybe. The company over the next 10 or 15 years is going to be worth 10 trillion, 20 trillion, 30 trillion, and I could be very low.

0:38.3

I call Mars a fixer upper of a planet, you know, but it's got a lot of potential.

0:43.3

I'm not a fan. What you're talking about is an unbelievably capital-intensive business.

0:48.3

You're going to be keeping an eye at all in that other IPO that may be happening tomorrow?

0:51.3

Well, I'll be watching along with the rest of you I

0:54.8

very optimistic for the future I root for every entrepreneur I'm rooting for

1:00.5

Elon good Friday morning welcome to a special edition of squawk on the street

1:08.6

I'm Carl Keentineau with Sarah Eisen David Faber here at post nine to the New York Stock Exchange. Today, it is All Systems Go as we await the public debut of SpaceX from here on the street to the NASDAQ and Times Square where the company is listing. And that is where we find our Sima Modi and Morgan Brennan. Morgan's going to bring us an exclusive with SpaceX president and CEO of Gwen Shotwell in just a moment.

1:29.0

Leslie Picker, live from the Morgan Stanley trading for. Of course, Morgan Stanley responsible for the

1:33.6

opening of the stock today. We'll get to the latest indications for the first trade as we get them.

1:38.1

And then Robert Frank, our wealth reporter, looking at how SpaceX and Tesla could propel Elon

1:42.6

to become the world's first trillionaire.

1:46.0

In addition to Shotwell, a huge lineup, including some of the company's biggest investors,

1:50.3

from Sequoia, Sean McIre, to Valor Equity Partners, Antonio Gracius, owning more than 7% of the company.

1:57.1

And at Trades Management, Gavin Baker. This is a very big historic day,

2:00.9

even as we try to keep an eye, David,

2:02.3

on some of the headline indices too.

...

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