SpaceX IPO Demands Investor Trust in Musk’s Entangled Empire

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SpaceX’s initial public offering is a bet on Elon Musk’s most audacious vision yet: an industrial empire combining hardware, software and artificial intelligence that brings rocket launches, satellites and computing resources into one sprawling conglomerate. A nearly 18-minute video produced as part of its IPO roadshow touts everything from solar-powered orbital data centers to a thriving lunar economy to asteroid mining.

If SpaceX hits its targeted valuation of $1.8 trillion, it will immediately become one of the world’s most valuable public companies. Musk, on the cusp of turning 55, will likely be the world’s first trillionaire. And for Tesla Inc., the electric-car maker and energy company that Musk took public in 2010, the question is increasingly about when — not if — SpaceX will absorb Tesla whole.

On this episode, Carol Massar and Emily Graffeo speak with:

• Dana Hull, Bloomberg News Senior Technology Reporter
• Jeff DiLullo, CEO at Philips North America On Philips 2026 Future Health Index report
• Sec. Gina Raimondo, 40th Commerce Secretary on America’s role in AI race, labor market impact 
• John McCluskey, CEO, Alamos Gold On state of gold market, Alamos Canada operations and mining 

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