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The Economic Times
Elon Musk recalls SpaceX’s journey from mere 10% chance of success to the world’s biggest IPO
Elon Musk spoke at the launch of SpaceX on Nasdaq, reminiscing about the company's uncertain beginnings, stating he believed SpaceX faced only a 10% chance of success. The company has since transformed into a publicly traded entity, boasting a valuation that exceeds $2 trillion following a successful IPO. Musk attributed this achievement to the dedication of SpaceX's employees and the vision of making space travel accessible, underlining the shift from a warehouse startup to a major industry player.
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Published 12 Jun 2026, 18:30 UTC4 min read
Visit original article ↗Lead image — The Economic Times
Summary
TL;DR
- SpaceX's IPO marks the largest in history.
- Company valuation surpassed $2 trillion post-IPO.
- Musk aims to make space travel accessible to all.
- Employees credited for SpaceX's stunning transformation.
- Musk becomes the world's first trillionaire with this IPO.
Interesting facts
- Musk indicated low initial expectations for success.
- The IPO stock price opened significantly higher than initial pricing.
- SpaceX's mission extends beyond profit to advancing human space exploration.