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From 10% chance of success to $2 trillion market cap: SpaceX's historic IPO

CNBC · Jun 13, 2026, 12:00 PM · Also reported by 4 other sources

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  • Shortly before the opening of Nasdaq trading on Friday, Elon Musk stepped in front of a cheerful crowd at Space X's company town in Texas.
  • Musk, weeks shy of his 55th birthday, told staffers that, in the early days of the company, he gave it "less than 10% chance of succeeding."

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Shortly before the opening of Nasdaq trading on Friday, Elon Musk stepped in front of a cheerful crowd at Space X's company town in Texas. His rocket maker was about to hit the public market at a valuation of around $2 trillion, instantly becoming the sixth most-valuable U.S. company.

Musk, weeks shy of his 55th birthday, told staffers that, in the early days of the company, he gave it "less than 10% chance of succeeding."

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