SpaceX's Record IPO; Musk Keeps Control
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- SpaceX is going public in an IPO the New York Times calls "record," in a video piece published June 12, 2026.
- Elon Musk is keeping "almost all the power" at SpaceX after the IPO, per the description of the Times video.
- Ryan Mac, a New York Times technology reporter, leads the breakdown, framing the offering as simultaneously "a big bet on Musk's vision" and "a risk for investors."
- The piece credits a six-person team — Mac, Nour Idriss, Nikolay Nikolov, Stephanie Swart, Rafaela Balster, and Sam Rosenthal — as producers of the video.
Why it matters: Public investors gain financial exposure to SpaceX through a record IPO, but Musk retaining almost all control means shareholders buy into the upside without the governance leverage typically attached to equity — a structure the Times explicitly flags as a risk for those same investors.
