{"id":1794,"date":"2026-06-12T20:40:59","date_gmt":"2026-06-12T20:40:59","guid":{"rendered":"https:\/\/reliablemovingcrews.com\/?p=1794"},"modified":"2026-06-12T20:40:59","modified_gmt":"2026-06-12T20:40:59","slug":"spacexs-2-trillion-debut-met-with-cheers-jeers-and-protest","status":"publish","type":"post","link":"https:\/\/reliablemovingcrews.com\/?p=1794","title":{"rendered":"SpaceX\u2019s $2 trillion debut met with cheers, jeers and protest"},"content":{"rendered":"<div><div><div><ul><li>Summary<\/li><li>Companies<\/li><\/ul><\/div><div><\/div><\/div><div>NEW YORK, June 12 (Reuters) &#8211; On Friday, Elon Musk\u2019s image loomed large over Times Square from \u200bthe giant TV screen of the Nasdaq stock exchange, as tourists outside snapped selfies, SpaceX investors in T\u2011shirts grinned \u200cat their newfound fortunes and news cameras jostled for position.<\/div><div>\u201cIf people had told me this was going to happen, I was like, \u2018man you must be smoking some really good crack,\u2019\u201d Musk said in a video address celebrating SpaceX going public. &#8220;I gave SpaceX less than a 10% chance of succeeding at all.&#8221;<\/div><div>Global reaction to SpaceX\u2019s \u200bpublic listing &#8211; which values the company at more than $2 trillion and has made Musk the world\u2019s first trillionaire &#8211; has spanned investor euphoria to \u200badmiration among fans and sharp criticism from politicians and members of the public who see him as a \u2060symbol of rising global inequality.<\/div><div>At Starbase, where SpaceX launches its Starship rockets on the Texas border with Mexico, cheering fans traveled from \u200bfar and wide in the hope of catching a glimpse of Musk. Lesley Varin, from Washington state, surrounded her car with stuffed toys holding \u200bhandwritten signs celebrating SpaceX. One read: \u201cCongrats Elon, Big 1st!\u201d<\/div><div>Minutes after SpaceX started trading on the Nasdaq, Goldman Sachs posted<svg><\/svg><span>, opens new tab<\/span> an image on X of employees wearing custom SpaceX Nike shoes. Musk himself posted<svg><\/svg><span>, opens new tab<\/span> an image of Morgan Stanley bankers celebrating the IPO.<\/div><div>But alongside excitement came equal concerns about Musk\u2019s growing power. A day before the IPO, \u200ban Elon Musk effigy the size of a house was positioned in front of the Nasdaq building, depicting him shirtless and highlighting problems \u200bwith sexualized images of minors on Grok, Musk\u2019s AI chatbot.<\/div><div>On Friday, protesters marched outside JPMorgan\u2019s headquarters in a \u2018Stop Musk\u2019 rally which organizers said was intended to \u200cdisrupt \u2060a party CEO Jamie Dimon is hosting for the company. One sign, according to a post on Threads,<svg><\/svg><span>, opens new tab<\/span> read: &#8220;Send billionaires to Mars.&#8221;<\/div><h2>PROTEST AGAINST MUSK THE TRILLIONAIRE<\/h2><div>Senator Elizabeth Warren, who has long campaigned against wealth inequality, said Musk becoming a trillionaire was a feature of a &#8220;rigged economy.&#8221;<\/div><div>&#8220;We are living in a time when more and more people are just hanging on by their fingernails to survive in this economy,&#8221; Warren said on X.<svg><\/svg><span>, opens new tab<\/span> &#8220;Today&#8217;s marker \u200bshould be a wake up call.&#8221;<\/div><div>In \u200bPoland, where Musk\u2019s personal wealth \u2060now exceeds the entire GDP of the country, citizens expressed bewilderment at the sheer scale of his fortune. \u201cBehind that money goes the imposed will of a person who, frankly speaking, is quite psychologically unusual,\u201d said Janusz \u200bWojczakowski, an 82-year-old Polish teacher and philosopher.<\/div><div>But Musk, wearing a black leather jacket, used his message \u200bon Friday to sell \u2060SpaceX as a way for everyday people to experience space travel. \u201cWe want to take you there, not just a few astronauts. We mean you, literally you,\u201d he said.<\/div><div>In Times Square, one early investor who bought into SpaceX through a family office in 2020 posed for selfies with four friends \u2060in matching \u200bSpaceX T\u2011shirts. He said he expected the stock to jump on debut as limited \u200bsupply meets strong demand from retail investors and index funds, which track major markets.<\/div><div>Asked whether he would be among the thousands of millionaires created by the IPO, he added: \u201cWe\u2019ll \u200bsee &#8230; I\u2019m not counting my chickens.\u201d<\/div><div><address><div><div><noscript>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"120\" height=\"120\" alt=\"Joe Brock\" class=\"wp-image-1225\" src=\"https:\/\/reliablemovingcrews.com\/wp-content\/uploads\/2026\/06\/30e80da923675c49e3d9a7eb19ca7c69.avif\"\/><\/figure>\n<\/noscript><\/div><div>Joe Brock<\/div><\/div><div><ul><li><span><div><svg><title>Email<\/title><\/svg><\/div><\/span><\/li><li><span><div><svg><title>X<\/title><\/svg><\/div><\/span><\/li><li><span><div><svg><title>Linkedin<\/title><\/svg><\/div><\/span><\/li><\/ul><\/div><\/address><address><div><div><noscript>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"120\" height=\"120\" alt=\"David Jeans\" class=\"wp-image-279\" src=\"https:\/\/reliablemovingcrews.com\/wp-content\/uploads\/2026\/05\/3fca6a434139a45c3eaff4ad01fb3faf.avif\"\/><\/figure>\n<\/noscript><\/div><div>David Jeans<\/div><\/div><div><ul><li><span><div><svg><title>Email<\/title><\/svg><\/div><\/span><\/li><li><span><div><svg><title>X<\/title><\/svg><\/div><\/span><\/li><li><span><div><svg><title>Linkedin<\/title><\/svg><\/div><\/span><\/li><\/ul><\/div><\/address><\/div><\/div><p>Read more <a href=\"https:\/\/reliablemovingcrews.com\/?p=1792\">Gold\u2019s record rally falters as bulls run into Fed rate expectations, stronger dollar<\/a><\/p><p>Read more <a href=\"https:\/\/reliablemovingcrews.com\/?p=1789\">Heavy trading expected when SpaceX options launch in coming days<\/a><\/p><p>Read more <a href=\"https:\/\/reliablemovingcrews.com\/?p=1787\">Oil nears two-month lows on reports of imminent US-Iran peace deal<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>On Friday, Elon Musk\u2019s image loomed large over Times Square from \u200bthe giant TV screen of the Nasdaq stock exchange, as tourists outside snapped selfies, SpaceX investors in T\u2011shirts grinned \u200cat their newfound fortunes and news cameras jostled for position.<\/p>\n","protected":false},"author":1,"featured_media":1793,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-1794","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - 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