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NPR News Now

NPR News: 05-20-2026 6PM EDT

NPR News Now

NPR

News, Daily News

4.214.3K Ratings

🗓️ 20 May 2026

⏱️ 5 minutes

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NPR News: 05-20-2026 6PM EDT

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Transcript

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0:00.0

Live from NPR News in Washington, I'm Rylan Barton.

0:04.2

Elon Musk's SpaceX is getting ready to break new records on Wall Street.

0:08.5

The rocket company has officially filed the paperwork for an initial public offering.

0:13.1

As NPR's Maria Aspen reports, it could be the biggest IPO ever,

0:16.9

surpassing the debut of Saudi Aramco, the national oil company of Saudi Arabia.

0:21.3

The IPO is expected to make SpaceX one of the most valuable companies in the world.

0:26.7

It sends rockets into space and holds billions of dollars of U.S. government contracts,

0:31.9

but space launches are just part of its business.

0:35.3

SpaceX also owns the Starlink Communications Platform,

0:39.0

an Elon Musk's artificial intelligence company, XAI. Tech investors will be watching SpaceX for more

0:45.8

details on the costs and payoffs of the AI boom. They're also waiting for big IPOs from

0:51.7

OpenAI Ananthropic, the makers of ChatGPT and Claude.

0:56.5

Meanwhile, SpaceX's IPO would also make Musk even wealthier. The billionaire and former

1:02.3

advisor to President Trump could become the world's first trillionaire. Maria Aspen and PR News.

1:08.8

The U.S. government has agreed to permanently drop tax claims against President Trump.

1:13.1

The president says it's part of a deal to resolve his $10 billion lawsuit against the IRS over the leak of his tax returns.

1:19.3

I released them from the lawsuit, and I guess they made a settlement of some kind.

1:23.6

I wasn't involved in the settlement.

1:26.0

I could have been involved, but I didn't choose to be.

1:28.8

So they made a settlement. The U.S. is, quote, forever barred and precluded from examining or

1:33.5

prosecuting Trump, his sons and the Trump organization's current tax issues. The settlement also

1:38.8

includes nearly $1.8 billion to compensate Trump allies who believe they have been unjustly investigated and

...

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