Elon Musk’s SpaceX Prepares for Record-Breaking IPO Next Month

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🗓️ 22 May 2026

⏱️ 3 minutes

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Summary

SpaceX, Elon Musk's rocket and space company is preparing to go public next month in what could become the biggest IPO to hit Wall Street. New filings reveal a sky-high projection that values the company at just over $1 trillion and estimates the offering could raise between $50 and $75 billion when shares hit the market in June. If it does, the SpaceX IPO would shatter the current record held by Saudi Aramco or the Saudi Arabian Oil Company, which raised about $26 billion in 2019. Meanwhile, James Murdoch is buying half of Vox Media for more than $300 million, with the deal including their podcast network, Vox.com, and New York Magazine. And tonight will be the final night of “The Late Show With Stephen Colbert.” In 2015, Colbert took over from David Letterman, the first and only host of CBS's “The Late Show,” and for most of Colbert’s time with the show, he was the highest-rated late-night host.

Transcript

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0:00.0	This is an L.A. Times Studios podcast.
0:07.8	SpaceX, Elon Musk's rocket and satellite internet company is preparing to go public next month
0:13.9	in what could become the biggest IPO to hit Wall Street.
0:18.1	New filings revealed a sky-high projection for the SpaceX offering.
0:22.4	The company is valued at just over $1 trillion, and reports estimate that the offering could raise
0:28.7	between $50 and $75 billion when shares hit the market in June. If it does, the SpaceX IPO would
0:36.0	shatter the current record held by the Saudi Arabian oil company,
0:39.8	which raised about $26 billion back in 2019.
0:43.7	Musk says the money will help fund his long-term goal of putting humans on the moon and eventually Mars.
0:50.8	But the filing also offers a sobering look at the company's finances.
0:55.7	SpaceX lost billions of dollars last year, even as revenue jumped more than 30%.
1:01.0	The company's Starlink satellite internet business remains its biggest moneymaker,
1:05.6	but other ventures, including X and XAI, continue to post large losses. SpaceX also relies heavily on government
1:14.2	contracts, with about 20% of its revenue last year coming from NASA, the Pentagon, and other
1:20.2	federal agencies. If Musk's offering is successful, it could open the floodgates for a new wave
1:26.1	of massive tech IPOs, with AI giants like OpenAI and Anthropic, reportedly preparing to go public soon.
1:33.3	Also, James Murdoch is buying half of Vox Media for more than $300 million.
1:40.3	The deal includes their podcast network, Vox.com, and the story New York magazine.
1:46.2	Now, you know the Murdoch family.
1:48.8	Rupert Murdoch, the Patriarch, is worth over $21 billion and owns a media empire.
1:54.5	James Murdoch is the former CEO of 21st Century Fox and left the board of his father's company,
2:00.3	News Corporation, or News Corp,
	...

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