A different kind of launch for SpaceX
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 4 June 2026
⏱️ 7 minutes
🧾️ Download transcript
Summary
SpaceX is set to go public next Friday. If all goes according to plan, the company is seeking a valuation of nearly $2 trillion. That would be the biggest initial public offering on record, and it would make CEO Elon Musk the world's first trillionaire. We'll learn more. Then, as part of Marketplace's "What's That Like?" series, we head to Zigong, China, to learn what it takes to be a master lantern artisan.
Transcript
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| 0:00.0 | A different type of launch for SpaceX. From Marketplace, I'm Nancy Marshall Ginsburg in Washington. |
| 0:08.5 | SpaceX is set to go public next Friday, if all goes according to plan. The company is seeking |
| 0:14.3 | a valuation of nearly $2 trillion. That would be the biggest initial public offering on record, and it would make |
| 0:21.7 | CEO Elon Musk the world's first trillionaire. Marketplace's Nova Saffo has more. |
| 0:27.5 | In an unusual move, SpaceX publicly announced the price it's seeking for its initial public |
| 0:32.9 | offering, $135 per share. That would generate $75 billion for the company and value it at nearly |
| 0:40.6 | $1 trillion,750 billion, immediately making it one of the biggest publicly listed companies. |
| 0:47.2 | That valuation is a bit higher than Facebook parent meta, which last year brought in |
| 0:51.7 | $200 billion in revenues and made $60 billion in profit. |
| 0:55.4 | During that same time, SpaceX brought in less than $20 billion and lost $2.5 billion. |
| 1:01.7 | The company is actually several in one, including X, once Twitter, an aerospace company, |
| 1:07.0 | a satellite network provider, and a developer of artificial intelligence. |
| 1:12.1 | Once public, |
| 1:17.3 | Musk will hold more than 82% of the voting power in the company through stock ownership. |
| 1:48.9 | I'm Nova Saffo for Marketplace. Now to our series, what's that like, where we explore unique jobs across the economy. |
| 1:54.9 | Today we take things to Jigong, a city in southwestern China's Sichuan province. |
| 1:58.9 | It's a place known for its centuries-old lantern-making tradition. |
| 2:01.6 | We're talking massive,-crafted displays, |
| 2:08.2 | featuring everything from animals and plants to mythological figures. Tianyu arts and culture brings traditional Chinese lantern displays to the U.S. Jiang Guang Hong is the company's research and |
| 2:14.1 | development director. My name is Jiang Guangdong. My name is Jiang Guanghong. |
| 2:21.7 | Around 2003, after graduating from university, I started working in this industry, and now |
| 2:27.7 | it's already been 23 years. |
... |
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