SpaceX IPO Is a Bet on Human Ingenuity
Its extraordinary valuation is a vote of confidence in humanity's capacity to innovate.

Late-night host Jimmy Kimmel roasted Elon Musk as a "wealthy weirdo" on Thursday as he was set to become a trillionaire ahead of SpaceX's historic IPO.
Its extraordinary valuation is a vote of confidence in humanity's capacity to innovate.
Elon Musk is now the first trillionaire, after the SpaceX IPO minted thousands of new millionaires on Nasdaq.
Critics warn SpaceX’s initial public offering may be a threat to market stability and Americans’ retirement savings.
The cruelty is the point?We have gotten used to the partisan, unfunny version of former “Man Show” host Jimmy Kimmel. He’s the guy who plays the free-speech martyr on his ABC late-night show without ever defending the free speech of the others.'When they go low, we go high,' Michelle Obama infamously said. No one believed it, but it sure sounded good.Remember when he spoke out on behalf of singer M.I.A. after she was fired from Kid Cudi’s tour for sharing right-leaning views on stage? We sure don’t.Still, Kimmel hit a new low this week, even if that didn’t seem possible. He mocked Spencer Pratt for coming in third in L.A.’s recent primary battle. Never mind the dubious nature of L.A.’s never-ending vote counting process.Pratt lost his home and every precious item in it during the Palisades fires, and it spurred him to run for office. He wasn’t remotely MAGA or cruel, just a father and husband defending his family and hoping to do good for his city.That’s it.For that, Kimmel told his ABC fans that he got a U-Haul rental for Pratt so he could keep his word about leaving L.A. if he lost the race.“Mazel tov and goodbye, Spencer Pratt!”We’ll be saying the same when ABC finally realizes how terrible Kimmel is for the country, no doubt …'Fascist' fan Platner still Democrat fave“When they go low, we go high,” Michelle Obama infamously said. No one believed it, but it sure sounded good.The gals at the far-left “The View” can’t even fake that any more.Co-host Sunny Hostin admits that Graham "Maine Kampf" Platner is all the terrible things we’ve heard about him, down to his Nazi tattoo. But he must get our vote anyway.For reasons, or something.“Look, I don't think Republicans, at this point, can ask us to take the moral high ground. That is over at this point. … It's time for Democrats to stop that nonsense, put emotions on the side, let's be strategic, let's get some power, let’s take over the Senate and let’s take over the House and let's right the ship! Let's get our country back!”At this point, Hostin and Co. could stop calling President Donald Trump “Hitler.” It might reflect too kindly on their new favorite candidate …RELATED: Spencer Pratt 2.0? Actor Michael Rapaport eyes run against NYC Mayor Mamdani Bravo/Getty ImagesNo Time to FryAn old “Gilligan’s Island” episode found the castaways discovering a Japanese soldier from WWII. He thought the war hadn’t ended yet, yuk yuk, and captured Gilligan and pals.Pierce Brosnan sounds a bit like that while promoting climate change hysteria. The cause du jour has been dropped by Greta Thunberg. Major media outlets like Politico and NPR have dialed down their coverage. Even former scaremonger Bill Gates now says it’s not as big a deal after all.Tell that to the erstwhile 007.Pierce Brosnan fired up his Instagram account, from his Hawaiian home, to push the fear movement anew.“Climate change is often spoken about as a scientific issue, an environmental issue, an economic issue. And it is all of those things. But above all, it is a moral issue. … Human activity — the burning of fossil fuels, the destruction of forests, and the relentless exploitation of our natural world — has altered the delicate balance of the Earth’s climate.”The ghost of Alan Hale Jr., aka the Skipper, would like to swat Bronson’s head with his hat …Broken Clock AwardsSometimes far-left celebrities throw us curveballs. This week, two did just that, buckling our knees like vintage Clayton Kershaw. First, Whoopi Goldberg defended President Donald Trump.No, really.It wasn’t about policy, though. Goldberg says the president, a huge Knicks fan, should be able to attend one of the NBA Finals games against the San Antonio Spurs.“I think anybody who’s a Knicks fan should be there,” Goldberg said. “You earned the right as a Knicks fan. I don’t have to like you.”Huge if true. And it’s true!Even more startling? Trump derangement sufferer Stephen King similarly praised the president this week, at least indirectly. That in itself is stunning, given the level of invective he shares against Trump.The horror guru shared an image of the recently upgraded reflecting pool in Washington, D.C., a pet project for the president. King noted the image was “very beautiful,” no caveats.Who knew “Invasion of the Body Snatchers” was a true story?
Growing economies benefit all people, not just the uberwealthy.
Both Elon Musk and his company SpaceX broke records on Friday, while bringing thousands of uplifting stories along with it.Not only has SpaceX, founded in 2002, finally gone public with a massive opening on the NASDAQ, but with it, everyday employees' lives are changed forever.'... from engineers to Cafeteria workers.'SpaceX's IPO has successfully raised $75 billion, making Musk the world's first trillionaire, officially. Outlets including Reuters have reported that the company — now trading under SPCX — will boost Musk's net worth to more than $1.1 trillion due to his controlling shares.With him will come new millionaires in the thousands. More than 4,000 people will see a huge financial boost from the offering, which has been reported to include even cafeteria workers who have long held on to stock in the company.Musk shared a post on X that stated the IPO will "create 4,400 new Millionaires, from engineers to cafeteria workers. God bless Capitalism."Although the SpaceX owner has already distributed the wealth in that sense, he has made more shares available than is typical of most IPOs; more than 20% of available shares are reserved for retail investors, according to Yahoo.RELATED: Mamdani announces new city office that sounds just like DOGE — and gets nailed with mockery Adam Gray/Bloomberg/Getty Images SpaceX's successful round of $75 billion more than doubles the previous highest market debut from 2019, from Saudi Aramco, Saudi Arabia's state-owned oil company, that raised $29.4 billion.The record-setting raise makes SpaceX the largest IPO launch in history with a valuation of $1.77 trillion, per Yahoo Finance.Musk had been estimated to have a net worth of $782 billion as recently as Thursday, which still had him as the richest person in the world pre-trillionaire status. He has almost three times the wealth of Google co-founder Larry Page.RELATED: America's most powerful AI superchips may be in China's hands CHARLY TRIBALLEAU/AFP/Getty Images Musk told JPMorgan Chase during a livestream last week that SpaceX had been cash-flow positive since around 2015; however, the company reported $18.67 billion in revenue in 2025 but incurred a $4.94 billion net loss.The entrepreneur added that SpaceX is raising capital for "a significant growth phase" that includes plans to put over 100,000 satellites into orbit and build AI data centers in space.Like Blaze News? Bypass the censors, sign up for our newsletters, and get stories like this direct to your inbox. Sign up here!
On the early edition of Balance of Power, Bloomberg Washington Correspondent Kailey Leinz discusses the first day of trading for SpaceX shares. On today's show, Bloomberg's Anthony Hughes and Sana Pashankar, Chanos & Company Founder Jim Chanos, former International Space Station Commander Leroy Chiao. (Source: Bloomberg)
Bloomberg's Anthony Hughes give his first reaction to the start of trading for SpaceX, as the space technology company smashed record to become the largest IPO in history. Shares extended in the first trades following the historic IPO and made founder Elon Musk the world's first trillionaire. (Source: Bloomberg)