How Elon Musk Engineered the World’s Biggest I.P.O.

About this episode

<p>SpaceX, Elon Musk’s rocket and satellite maker, is set to go public and begin selling shares as soon as next week.</p> <p>Ryan Mac, who reports on business, explains the plan for the company’s expected record-shattering debut on the stock market, and how it is changing the rules for investing.</p> <p>Guest: <a href="https://www.nytimes.com/by/ryan-mac" target="_blank" rel="noopener noreferrer"><strong>Ryan Mac</strong></a>, a New York Times reporter based in Los Angeles who covers corporate accountability across the global technology industry.</p> <p>Background reading: </p> <ul> <li>Why <a href="https://www.nytimes.com/2026/05/29/business/spacex-openai-anthropic-ipo-invest.html" target="_blank" rel="noopener noreferrer">sky-high I.P.O. pricing</a> isn’t great for real people.</li> <li>From April: <a href="https://www.nytimes.com/2026/04/01/technology/spacex-ipo-elon-musk.html" target="_blank" rel="noopener noreferrer">SpaceX filed to go public</a>, setting the stage for a huge I.P.O.</li> </ul> <p>Photo: Steve Nesius/Reuters</p> <p>For more information on today’s episode, visit <a href="http://nytimes.com/thedaily?smid=pc-thedaily" rel="noopener noreferrer"><strong>nytimes.com/thedaily</strong></a>. Transcripts of each episode will be made available by the next workday. </p> <p><p>Subscribe today at <a href="http://nytimes.com/podcasts">nytimes.com/podcasts</a> or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here <a href="https://www.nytimes.com/activate-access/audio?source=podcatcher">https://www.nytimes.com/activate-access/audio?source=podcatcher</a>. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.</p></p><br/> <p>Hosted by Simplecast, an AdsWizz company. See <a href="https://pcm.adswizz.com">pcm.adswizz.com</a> for information about our collection and use of personal data for advertising.</p>