This deal was huge even before the first trade. Then the stock jumped, the valuation pushed into multi-trillion territory, and the real debate became whether investors bought a space company, an AI infrastructure play, or both.

• The deal and the first print

• Why the valuation fight is so intense

• Musk, employees, and the float

• Retail access and market plumbing

• The business investors are really paying for

• Why orbital compute is the swing factor

• What could block the bull case

• What to watch next

Sources:

• Squawk on the Street — 10AM Hour: SpaceX Goes Public 6/12/26: https://www.cnbc.com/

• Squawk on the Street — 11AM Hour: SpaceX Opens For Trade 6/12/26: https://www.cnbc.com/

• Halftime Report — The Biggest IPO Ever: SpaceX 6/12/26: https://www.cnbc.com/

• The Exchange — SpaceX Soars in Trading Debut 6/12/26: https://www.cnbc.com/

• Closing Bell — Closing Bell Overtime: 6/12/26: https://www.cnbc.com/

• Power Lunch — Power Lunch 6/12/26: https://www.cnbc.com/

• Squawk on the Street — 9am Hour: Historic Day in the Stock Market: SpaceX's Public Debut and Record-Setting IPO 6/12/26: https://www.cnbc.com/

• Squawk Pod — The SpaceX IPO: a16z’s David George & Elon Musk’s $1T 6/12/26: https://www.cnbc.com/

• Closing Bell — Closing Bell: SpaceX Makes History 6/12/26: https://www.cnbc.com/

• Worldwide Exchange — Morning Call 6/12/26: https://www.cnbc.com/