Tesla deal makes ‘Elon’s life a little easier’

Gwynne Shotwell, SpaceX’s president and chief operating officer, interviews with CNBC during the company’s IPO at the Nasdaq MarketSite in New York City on June 12, 2026. Adam Jeffery | CNBC As SpaceX was poised to hit the Nasdaq following the largest IPO on record, Elon Musk’s second-in-command, Gwynne Shotwell, didn’t dismiss the possibility of…

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SpaceX market cap tops $2 trillion after shares of Elon Musk’s rocket company gain 21% on debut

CEO Gwen Shotwell and SpaceX executives ring the opening bell at the Nasdaq on June 12th, 2026. Adam Jeffery | CNBC SpaceX shares soared on Friday as trading commenced on the Nasdaq, propelling the rocket company’s valuation above $2 trillion, after a record-setting initial public offering. The Elon Musk-led space company’s stock was last trading…

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SpaceX millionaires reinvent wealth management

A general view of a SpaceX building ahead of the SpaceX initial public offering (IPO), in Starbase, Texas, U.S., June 11, 2026. Gabriel V. Cardenas | Reuters Thousands of SpaceX employees who have suddenly become millionaires are redefining the wealth management business with their combined fortunes. As CNBC reported earlier this week, more than 100…

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Small investors scrambled to get in on the SpaceX IPO, even as some believe the valuation is ‘stupid’

Marvin Jung isn’t buying into SpaceX because he thinks it’s a bargain. The 51-year-old regional director of operations in veterinary care believes Elon Musk’s rocket company is coming public at a valuation that is “really, really aggressive.” Yet, he still requested 1,000 shares through Robinhood, betting enthusiasm for one of the world’s most anticipated initial…

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