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Business

Musk’s first SpaceX worker calls historic $1.77 trillion IPO ‘life-changing’

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Last updated: June 12, 2026 12:06 am
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Published: June 12, 2026
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Musk’s first SpaceX worker calls historic .77 trillion IPO ‘life-changing’


First SpaceX worker Tom Mueller displays on the corporate’s early years forward of its IPO on ‘The Claman Countdown.’

SpaceX’s first worker, Tom Mueller, stated the corporate’s record-breaking IPO will probably be a “life-changing” second for workers throughout an unique interview with “The Claman Countdown” on Thursday.

SpaceX will begin buying and selling on the NASDAQ on Friday within the largest IPO in historical past. The IPO is predicted to be priced at $135 per share and goals to boost $75 billion, valuing the corporate at $1.77 trillion.

“Elon at all times stated that ‘Your wage is one factor, however it’s the fairness that is gonna be price one thing.’ And we’re all like, ‘Yeah, okay sometime,” Mueller stated. “That day is right here. It is nice.”

WHY IT’S INEVITABLE THAT ELON MUSK WILL BE A TRILLIONAIRE

Chief Know-how Officer of X Elon Musk speaks at a convention on June 19, 2024, in Cannes, France.  (Richard Bord/WireImage / Getty Pictures)

SpaceX will commerce beneath the ticker image SPCX, and its workers might develop into millionaires primarily based on their entry to inventory choices.

The IPO will create greater than 4,000 new millionaires amongst present and former workers of the 24-year-old house big, in keeping with estimations.

“We’re having a bit celebration tomorrow morning at 6 a.m. We’ll ring our personal bell and have fun with a bunch of early SpaceX workers,” Mueller instructed FOX Enterprise.

SpaceX’s founder, Elon Musk, might probably develop into the world’s first trillionaire following the historic market debut.

SPACEX TO SEND STARSHIP TO MARS NEXT YEAR, ELON MUSK CONFIRMS

Elon Musk is photographed at Space X in Brownsville, Texas

BROWNSVILLE, TX-MAY 27: Elon Musk is photographed at SpaceX in Brownsville, Texas (Photograph by Marvin Joseph/The Washington Publish through Getty Pictures) (Marvin Joseph/The Washington Publish through Getty Pictures / Getty Pictures)

His estimated web price might rise 26%, from roughly $793 billion to $1 trillion, primarily based in the marketplace worth of the property he owns, together with SpaceX and Tesla.

Mueller, who was employed as SpaceX’s first worker in 2002, led initiatives together with the Merlin Engine that powers Falcon 9, the Raptor Engine that powers Starship and different key propulsion programs.

He stated becoming a member of SpaceX from a big, bureaucratic house company was “refreshing” and gave him extra freedom to innovate, describing Musk’s firm tradition as energizing.

“I had simply come from TRW, an enormous house company, and getting away from the paperwork and capable of transfer quick and actually be energized and do the kind of product growth that we needed to do… It was actually refreshing and enjoyable, truly, despite the fact that it was onerous. It was truly actually satisfying,” Mueller stated.

FIRST PRIVATE SPACEX POLAR MISSION SPLASHES DOWN NEAR CALIFORNIA

SpaceX Falcon 9 launch on August 31, 2025

SpaceX’s Falcon 9 rocket prepares for liftoff from Cape Canaveral Area Power Station in Florida on Sunday, Aug. 31, 2025. (SpaceX)

Mueller defined how a pivotal second in 2008 helped pull the corporate, which generated $18.7 billion in income in 2025, again from the brink of chapter.

“2008 was truly the 12 months that we lastly made orbit, the fourth flight of Falcon 1 made orbit that 12 months, and it was additionally after we have been nearly out of cash and that flight saved us,” he instructed “The Claman Countdown.”

“Then we actually received regimented and began flying Falcon 9, the rocket that is at the moment flying. And it has been essentially the most dependable rocket in historical past. So, it actually all got here collectively. And now look the place we’re at now. We’re a trillion-dollar firm.”

New York Stock Exchange Opens

Merchants work on the ground of the New York Inventory Trade (NYSE) the day after the Dow fell almost 1,000 factors because the battle in Iran continues on June 11, 2026 in New York Metropolis. Markets have been up over 200 factors in morning buying and selling.  (Spencer Platt/Getty Pictures / Getty Pictures)

GET FOX BUSINESS ON THE GO BY CLICKING HERE

Main buyers and firms are eagerly awaiting SpaceX’s market debut, with BlackRock inserting an order for at the very least $5 billion in shares, in keeping with The Wall Road Journal.

IPO buyers could make trades as quickly because the SpaceX inventory goes reside on Friday. 

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