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Business Onion

The Biggest IPO in History — And Rockets Aren't Why | Part 3

Business Onion · Part 3 - The 1.77 Trillion Bell · 2:35

On June 12, 2026, SpaceX became the largest IPO ever — worth $1.77 trillion — and made Elon Musk the world's first trillionaire. But its famous rockets actually lose money. What pays the bills is Starlink: satellite internet that went from $200M in 2021 to $11 billion in 2025, the only profitable part of the company. And months before the bell, SpaceX had quietly absorbed Musk's AI company, xAI. So what went public wasn't a rocket maker — it was rockets, internet, and AI in one. Part 3 of 4. Follow for Part 4 — "The Next Bet." Some scenes are cinematic reconstructions of documented events. All quotes, dates, and figures are verified. #shorts #spacex #starlink #elonmusk #investing #business

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