SpaceX is finally heading to the stock market in what could become the biggest IPO in history. The Elon Musk-founded company is seeking a valuation of around $1.75 trillion, a debut that could make Musk the world’s first trillionaire and test investor appetite for one of the most ambitious businesses ever brought to public markets.
On this episode, host Chris Bourke speaks with New York-based IPO reporter Bailey Lipschultz about the excitement gripping Wall Street, the risks behind SpaceX’s eye-watering valuation, and what the deal could mean for the next wave of AI listings from OpenAI and Anthropic. Is this the start of a new era for markets – or the ultimate test of the Musk premium?

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