From 10% chance of success to $2 trillion market cap: SpaceX’s historic IPO

• SpaceX closed Friday with a market cap above $2 trillion, after Elon Musk said earlier in the day he originally gave the company less than a 10% chance to succeed.
• More than 500 million shares changed hands, and the debut left Alphabet with a stake in SpaceX worth close to $100 billion.
• “This was not a deal that was priced based on market forces,” said Lloyd Greif, CEO of investment bank Greif & Co.

Shortly before the opening of Nasdaq trading on Friday, Elon Musk stepped in front of a cheerful crowd at SpaceX’s company town in Texas. His rocket maker was about to hit the public market at a valuation of around $2 trillion, instantly becoming the sixth most-valuable U.S. company.

Source: https://www.cnbc.com/2026/06/13/from-10percent-chance-of-success-to-2-trillion-spacexs-historic-ipo.html