Why Musk Raced to Take SpaceX Public in the World’s Biggest IPO

Elon Musk and his executives had one overarching message for the army of people working on the SpaceX initial public offering over the past six months: Faster, move faster.

As the gigantic space exploration startup barreled toward a public listing after 24 years as a private company, the urgency was apparent. The rush was driven by a canny strategy: go public before the US midterm elections, with a — mostly — pro-Musk president in charge; beat OpenAI and Anthropic to market to get in early on investors’ appetite for AI-focused listings; and become a public company before Musk’s 55th birthday at the end of June.

Bloomberg Global Space Reporter Loren Grush and Senior reporter Bailey Lipshultz joined David Gura and Christina Ruffini on Bloomberg This Weekend to discuss. (Source: Bloomberg)