“It is certainly hard to believe that a little company (@SpaceX) that started in a warehouse in El Segundo is now going public with the largest IPO ever.” @elonmusk
Elon Musk addresses SpaceX employees ahead of its upcoming IPO, recalling when he gave the company a 10% chance of survival
Story Overview
SpaceX moved from its early days in an El Segundo warehouse—where Musk assigned survival odds below 10 percent—to pricing the largest IPO on record at $135 per share, raising roughly $75 billion and hitting a $1.77 trillion valuation ahead of its June 12 Nasdaq debut.
Staff equity unlocks a wave of new millionaires
Roughly 4,400 current and former employees could cross the millionaire threshold through their holdings, while up to 5 percent of shares were set aside for a directed program aimed at select staff and associates.
Musk keeps voting control even after the listing
His stake delivers about 85 percent of voting power through super-voting shares, with a 366-day lockup applying to his holdings post-prospectus.
Many users congratulated Elon Musk and SpaceX on the largest IPO ever because of the impressive rise from warehouse startup origins, while negative users accused the company of being a taxpayer leech or scam.
Most Activity
@KTmBoyle @natecavanaugh @elonmusk @SpaceX 🇺🇸🚀
“It is certainly hard to believe that a little company that started in a warehouse in El Segundo is now going public with the largest IPO ever.”
Only in America. Congratulations to @elonmusk @SpaceX. This is the American Dream 🇺🇸💪🚀

@teslaownersSV @SpaceX @elonmusk

@teslaownersSV @SpaceX @elonmusk You know what's crazy I only recently learned it's full name is Space Exploration Technologies Corp. 😂

@teslaownersSV @SpaceX @elonmusk Considering all of your businesses were created from Federal and California loans and funding, it's time for you to donate $500 billion of your trillion to America, roads, bridges, power grid, as you suck the life out of the country that gave you everything.

@teslaownersSV @SpaceX @elonmusk I never give up . Never
—Elon Musk

@teslaownersSV @elonmusk @SpaceX

@teslaownersSV @SpaceX @elonmusk it's no longer little after you've liquidated quite literally every single moving individual on this earth.
- spucex

@TrungTPhan

@teslaownersSV @elonmusk @SpaceX

@teslaownersSV @elonmusk @SpaceX I believe that it’s destiny

@teslaownersSV @elonmusk @SpaceX Congratulations 🚀🚀🚀

@JitendraJh50986 @teslaownersSV @SpaceX @elonmusk Hearty Congratulations 🎊 to the World's 1st TRILLIONNARE @elonmusk

@teslaownersSV @SpaceX @elonmusk ❤️🌹

@teslaownersSV @SpaceX @elonmusk From this to this the journey is simply incredible 🔥

@teslaownersSV @elonmusk @SpaceX Celebrating this big moment! The dream of multiplanetary life is now taking off.

@teslaownersSV @elonmusk @SpaceX Congratulations!❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️

@teslaownersSV @elonmusk @SpaceX Retail is already ripping these space names… SpaceX just launched the largest IPO in human history. The future is public now. 🔥🦾

@teslaownersSV @elonmusk @SpaceX wonder how many people downloaded Robinhood in the past 24 hours ?

@teslaownersSV @SpaceX @elonmusk Feeling electric ⚡

@teslaownersSV @elonmusk @SpaceX Incredible! Congratulations, @elonmusk and @SpaceX!