Yesterday (June 12, 2026) was one of the biggest days in business history. Elon Musk's SpaceX went public on Nasdaq — and the world changed forever.
💰 THE SPACEX IPO - BIGGEST IN HISTORY
SpaceX raised $75 BILLION in its IPO — breaking every record ever. (Previous record: Saudi Aramco at $29.4B)
Stock opened at $135/share and jumped +20% to $161 on Day 1. SpaceX is now valued at over $2 TRILLION - more than Tesla ($1.2T).
And Elon Musk? His net worth crossed $1 TRILLION — making him the world's first-ever trillionaire. 🤯
🤖 WHAT IS SPACEX NOW? (It's More Than Rockets)
SpaceX today is a mega-empire:
🚀 SpaceX - rockets & space travel🛰️ Starlink - satellite internet (only profitable part)🧠 xAI - AI company (merged with SpaceX in Feb 2026)💬 Grok AI - AI chatbot, rival to ChatGPT🐦 X (Twitter) - acquired by xAI in 2025
SpaceX brought in $18.7B revenue in 2025 but still lost ~$5B last year. The only cash-positive unit? Starlink. Everything else is burning money for growth.
🏛️ DOGE DEPARTMENT — IT'S OVER
Earlier this year, Musk's Department of Government Efficiency (DOGE) quietly shut down — 8 months before its official July 4 deadline.
What it did:
Claimed $175 billion in government savingsCut thousands of federal jobsSparked massive protests (Tesla dealerships were vandalized)Musk hit his 130-day legal limit as a "Special Government Employee"
Musk said: "The DOGE mission will only strengthen over time as it becomes a way of life throughout the government."
📊 WHAT DOES THIS MEAN FOR CRYPTO?
TokenConnectionStatusDOGENamed after DOGE dept, Musk's fav meme coin📉 Down 44% in a year, now ~$0.094BTCMusk said "go hard into BTC" — hasn't yet📊 ~$63,000SPCX (SpaceX futures)Trading on Binance perps🔥 Crypto traders valued it at $2.2T+
With DOGE department closed, Dogecoin lost its biggest narrative. No new catalyst confirmed yet.
⚠️ THE CONTROVERSIES
❌ xAI / Grok AI faces multiple lawsuits over deepfake and AI safety concerns ❌ SpaceX lost $5 billion in 2025 despite $18.7B revenue ❌ All 11 original xAI co-founders have left the company ❌ X (Twitter) ad revenue is less than half of what Twitter made in 2021 ($1.8B vs $4.5B)
✅ TL;DR - 5 Things to Know
🚀 SpaceX IPO raised $75B — biggest ever in history💰 Musk is now the world's first trillionaire🏛️ DOGE government department is shut down — Dogecoin lost its key narrative📉 DOGE crypto is down 44% in a year🧠 SpaceX now owns xAI + Grok + X — it's a tech empire, not just rockets
DYOR. Not financial advice.
#ElonMuskTalks #SpaceX #IPO #BinanceSquare #SpaceXIPOUSStocksOpenHigher