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Engadget Podcast: Making sense of SpaceX's messy IPO (and its messier CEO)

SpaceX is preparing for a June 12th IPO, raising questions about how an unprofitable company can justify going public, while CEO Elon Musk faces backlash for encouraging rioters in Belfast and posting racist content online. Slate's Nitish Pahwa joins the Engadget Podcast to examine the potential record-breaking IPO and the contradictions between tech industry excitement and Musk's behavior.

read1 min publishedJun 12, 2026

Elon Musk, potentially the world's first trillionaire, is posting racism on main.

With SpaceX planning to go public on June 12th, we brought on Slate's Nitish Pahwa to dive into what it all means. How can an unprofitable company justify an IPO, and what does it plan to do with all that money? And how can we square the tech and finance world's excitement over this IPO when Elon Musk spent this week

encouraging rioters in Belfast?

Subscribe! #

Topics #

  • SpaceX may have the largest IPO ever, how will it change the tech investment landscape? – 1:13

  • A few stray thoughts on WWDC 2026 – 38:33

  • Meta silently adds, then deletes facial recognition code from its smart glasses – 44:08

  • Anthropic's Fable AI brings Mythos' coding power to consumers – 45:47

  • Around Engadget: Rivian R2 first drive and a review of the Logitech Mobi Fold – 51:50

  • Pop culture picks – 52:20

Credits #

**Host: **Devindra Hardawar

Guest: Nitish Pahwa

**Producer: **Ben Ellman

**Music: **Dale North and Terrence O'Brien

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