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Video: Elon Musk’s Big Bet for SpaceX

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Elon Musk is taking SpaceX public and keeping almost all the power. Ryan Mac, a technology reporter for The Times, breaks down why the company’s record I.P.O. is both a big bet on Musk’s vision and a risk for investors.

By Ryan Mac, Nour Idriss, Nikolay Nikolov, Stephanie Swart, Rafaela Balster and Sam Rosenthal

June 12, 2026

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