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Mon, 08 Jun 2026

Mon, 08 Jun 2026 SpaceX's stock market blast-off could be Musk's biggest gamble yet

SpaceX is preparing for a stock market debut that could transform the company, the wider market and Elon Musk's fortune.
SpaceX's IPO
* SpaceX is set to go public with an estimated valuation of $1.75 trillion, making it one of the largest IPOs in history.
* The company will sell only 5% of its total shares available at first, which is a significant amount: $75 billion. Elon Musk's control and influence
* Elon Musk holds 42% of the company's shares, but with extra voting rights, he effectively controls 85% of the company.
* This level of control has raised concerns among investors about the lack of true ownership and the potential for Musk to make decisions that benefit himself rather than shareholders. Controversies surrounding Elon Musk
* The article highlights some of the controversies surrounding Elon Musk, including: + His use of $300 million to fund Donald Trump's second presidential campaign. + His involvement in securing billions of dollars in US government contracts. + His support for right-wing figures in other countries. The rise of AI companies
* SpaceX is not an AI company per se, but it is part of the broader ecosystem of companies at the forefront of artificial intelligence (AI).
* The article mentions Anthropic and OpenAI as two other AI companies that will also go public soon.
* This influx of new shares on the market has raised concerns about a potential repeat of the dot com bubble and bust. Market implications
* The article suggests that the IPO could lead to a glut of supply in the stock market, potentially causing prices to fall.
* However, the increased popularity of index funds may help absorb some of this excess supply. Conclusion
* The SpaceX IPO is seen as a significant event in the world of finance and technology, with far-reaching implications for investors and the global economy.
* As the article notes, "the cult of Elon Musk requires disciples to pay a premium for the questionable privilege of having no real say in how the company they own is run."