SpaceX Jumps After Record IPO

SpaceX Jumps After Record IPO

From Balance of Power by Bloomberg

June 12, 2026 · 31 min

About this episode

The episode discusses SpaceX's record IPO and its implications for the stock market and AI industry.

Insight & analysis on the White House and Capitol Hill. Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . Shares of SpaceX climbed in their first day of trading on Friday following a $75 billion IPO that smashed records and instantly turned the crown jewel of Elon Musk’s business empire into one of the most-valuable public companies in the world.  The stock climbed as high as $176.52, or 31% above its offering price, in afternoon trading in New York. The jump in price turned Musk into the world’s first trillionaire and sent the company’s market capitalization above $2 trillion.  The successful first day of trading allows for a sigh of relief not only for backers of Musk’s company, but for an entire stock market that has been driven higher this year on optimism about the growth potential for artificial intelligence. SpaceX’s embrace of AI earlier this year with the acquisition of Musk’s xAI made the listing somewhat of a referendum on the IPO prospects of competitors Anthropic PBC and OpenAI, both of which plan go public themselves.    Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz…

People in this episode

Hosts: Joe Mathieu, Kailey Leinz

Guests: Anthony Hughes, Sana Pashankar, Yahaira Anand

Topics covered

  • SpaceX IPO
  • stock market analysis
  • Elon Musk
  • artificial intelligence
  • politics
  • financial news

Keywords

  • SpaceX
  • IPO
  • Elon Musk
  • stock market
  • artificial intelligence
  • Bloomberg
  • politics

Mentioned in this episode

Organizations: SpaceX, Bloomberg, xAI, Anthropic PBC, OpenAI

Places: New York

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