11AM Hour: SpaceX Opens For Trade 6/12/26

Squawk on the Street

CNBC

Investing, News, Business

4.1 • 567 Ratings

🗓️ 12 June 2026

⏱️ 57 minutes

🔗️ Recording | Apple Podcasts | RSS

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Summary

We bring you full coverage of the historic SpaceX IPO as it opens for trade at the Nasdaq. Plus, we speak exclusively with the second largest shareholder in SpaceX after Elon Musk, Antonio Gracias of Valor Equity Partners. We also bring you an exclusive interview with early SpaceX investor Gavin Baker of Atreides Management. Squawk on the Street Disclaimer

Transcript

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0:00.0	There are always problems on Earth.
0:01.4	There are always problems on Earth.
0:02.5	There are always things that we wish to be better,
0:05.1	that we want to solve here on Earth.
0:06.5	And we should solve them.
0:08.3	But there also have to be things that get you excited
0:11.6	about the future that make you glad to wake up in the morning.
0:16.7	Because you can't wait to see what happens next.
0:20.3	And that's the future that SpaceX wants to bring to you.
0:27.6	Good Friday morning again. Welcome to clock on the street.
0:34.6	Very special edition here. I'm Sarah Eisen with Carl Kentonia, live from Post 9 of the New York Stock Exchange.
0:39.8	A historic day for the stock market for the country as SpaceX goes public in the largest IPO of all time.
0:47.3	Joining us today is Valor Equity Partners founder and SpaceX board member Antonio Gracias.
0:53.0	He has the second largest shareholder after Elon Musk with a nearly
0:56.7	7% stake pre-IPO. CEO of a treaties management, Gavin Baker's with us as well, first backed the company
1:02.5	in 2015 while at Fidelity and his SpaceX stake in a treatise makes up about 20% of the total fund.
1:09.3	Plus, as Elon Musk vows to take data centers
1:11.8	and space to space and humans to Mars and beyond will discuss the real feasibility of his
1:16.6	goals with NASA's former CTO, Chris Kemp. As for market session highs are awfully close to it,
1:22.9	dows up about 1% as a few moments ago. The Iranian foreign minister tweets that a memorandum of
1:28.4	understanding has, quote, never been closer. That comes after several hours of back and forth
1:33.9	and disputing what the terms are for an agreement that would get these two sides to the table,
	...

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