How Elon Musk Engineered the World’s Biggest I.P.O.
The Daily
The New York Times
4.3 • 107.6K Ratings
🗓️ 2 June 2026
⏱️ 31 minutes
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| 0:00.0 | From the New York Times, I'm Michael Bobaro. |
| 0:04.2 | This is the Daily. |
| 0:11.3 | On Monday, the AI giant Anthropic filed paperwork to go public, turbocharging, a coming wave of blockbuster IPOs that could mint the world's first |
| 0:24.2 | trillionaire and remake American capitalism. The first of those IPOs will be Elon Musk's |
| 0:32.8 | SpaceX, set to begin selling shares as soon as next week. |
| 0:48.7 | Today, business reporter Ryan Mack takes us inside the plan for SpaceX's record-shattering debut on the stock market and explains how it's already changing the rules for investing in ways that mean its success or failure |
| 0:57.0 | will affect all of us. |
| 1:09.0 | It's Tuesday, June 2nd. |
| 1:17.1 | Ryan, welcome to the show. |
| 1:21.5 | Hey, Michael. Thanks for having me. |
| 1:23.0 | My pleasure. A confession here, it's very rare for the daily to cover an IPO. And that's because |
| 1:28.7 | it's pretty rare that an IPO generates a level of interest and excitement and worry that the one |
| 1:35.6 | we're going to talk to you about today does. So my first question to you is, why does this |
| 1:41.6 | initial public offering of SpaceX matter so much and feel so |
| 1:46.6 | monumental to so many people? I think it has everything to do with Elon Musk, SpaceX's founder |
| 1:55.2 | and CEO. And like everything with Elon Musk, this IPO is singular. It's likely going to be the largest |
| 2:03.7 | of all time, raising anywhere from $50 to $75 billion. It's going to value this company likely at |
| 2:11.2 | more than $1.25 trillion. And it could make Elon Musk already the richest man in the world, already one of the most powerful people in the world, the world's first trillionaire. And this opportunity to invest in this kind of one-of-a-kind company, I think that excites a lot of people. It is a rocket manufacturer. |
| 2:36.4 | It launches things into space for the government and for private companies. |
| 2:41.6 | And it's also got this artificial intelligence bent to it as well. |
| 2:46.4 | And what you're going to see in this IPO is a large involvement of retail or mom and pop investors who are excited to invest in a company they see as run by a generational entrepreneur. |
| 3:00.7 | Well, why is Musk trying to raise this money right now and through the method of an IPO. |
... |
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