Get all your news in one place.

100's of premium titles.
One app.

Get all your news in one place.

100's of premium titles. One news app.

Fortune

Diane Brady

How Elon Musk sold a $1.77 trillion dream—and what other CEOs can learn from the SpaceX IPO

Elon Musk SpaceX IPO United States Fortune Google

(Credit: Marvin Joseph/The Washington Post via Getty Images)

In today’s CEO Daily: We have liftoff!
The big leadership story: The chaos at CBS News shows the limits of ‘blow it up’ leadership.
The markets: Stocks rally globally on hopes for a U.S.-Iran peace deal.
Plus: All the news and watercooler chat from Fortune .

Good morning. It’s SpaceX IPO day! Hooray? Odds are high that investors will clamor for some of the $75 billion worth of shares, a small sliver of equity that puts the market cap of Elon Musk’s aerospace and satellite company at an eye-watering $1.77 trillion. Never mind that Morningstar says it’s being optimistic in valuing the stock at $63, or 53% below that IPO price. BlackRock alone has reportedly put in a $5 billion order to get a piece of this money-losing operation that has ambitions to, among other things, put a million people on Mars.

Sign up to read this article

Read news from 100's of titles, curated specifically for you.

Already a member? Sign in here

Top stories on inkl right now

The family of a 1-year-old Mississippi boy says video shows his killing by police was not justified

The family of a 1-year-old Mississippi boy says video shows his killing by police was not justified

The family of a 1-year-old boy fatally shot by a police officer in Mississippi says the shooting was not justified

The Independent UK

Christa Pike’s IV team warned vein might be ‘blowing’ before failed execution

Christa Pike’s IV team warned vein might be ‘blowing’ before failed execution

New account from Pike’s lawyer suggests team was racked by doubts even before pentobarbital began to flow

The Guardian - US

Video footage of Kohen Wiley shooting released after toddler’s death deemed ‘justified’

Video footage of Kohen Wiley shooting released after toddler’s death deemed ‘justified’

‘The word ‘justified’ has haunted me since Monday,’’ the child’s maternal grandmother says

The Guardian - US

CDC denies approval for high-volume measles test, citing ‘other priorities’

CDC denies approval for high-volume measles test, citing ‘other priorities’

California, Oregon, Washington and Hawaii health officials ask CDC, ‘prioritizing emerging technologies’, to reconsider

The Guardian - US

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Washington city’s traffic cameras clocked 400,000 speeders in a month - only a few are getting tickets

Washington city’s traffic cameras clocked 400,000 speeders in a month - only a few are getting tickets

Drivers going well over the speed limit are more likely to be ticketed than those just a few miles over

The Independent UK

Downing Street rejects Witkoff’s description of Putin as a ‘humanitarian’

Downing Street rejects Witkoff’s description of Putin as a ‘humanitarian’

No 10 says Russian president ‘has killed thousands of people, both innocent Ukrainians and his own people’

The Guardian - UK

Related Stories

Top stories on inkl right now

The family of a 1-year-old Mississippi boy says video shows his killing by police was not justified

The family of a 1-year-old Mississippi boy says video shows his killing by police was not justified

The family of a 1-year-old boy fatally shot by a police officer in Mississippi says the shooting was not justified

The Independent UK

Christa Pike’s IV team warned vein might be ‘blowing’ before failed execution

Christa Pike’s IV team warned vein might be ‘blowing’ before failed execution

New account from Pike’s lawyer suggests team was racked by doubts even before pentobarbital began to flow

The Guardian - US

Video footage of Kohen Wiley shooting released after toddler’s death deemed ‘justified’

Video footage of Kohen Wiley shooting released after toddler’s death deemed ‘justified’

‘The word ‘justified’ has haunted me since Monday,’’ the child’s maternal grandmother says

The Guardian - US

CDC denies approval for high-volume measles test, citing ‘other priorities’

CDC denies approval for high-volume measles test, citing ‘other priorities’

California, Oregon, Washington and Hawaii health officials ask CDC, ‘prioritizing emerging technologies’, to reconsider

The Guardian - US

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Washington city’s traffic cameras clocked 400,000 speeders in a month - only a few are getting tickets

Washington city’s traffic cameras clocked 400,000 speeders in a month - only a few are getting tickets

Drivers going well over the speed limit are more likely to be ticketed than those just a few miles over

The Independent UK

Downing Street rejects Witkoff’s description of Putin as a ‘humanitarian’

Downing Street rejects Witkoff’s description of Putin as a ‘humanitarian’

No 10 says Russian president ‘has killed thousands of people, both innocent Ukrainians and his own people’

The Guardian - UK

Our Picks

Would You Pay More for the Same Meal Just Because It Looks Better?

Imagine ordering grilled chicken with rice and vegetables at two different restaurants. One serves everything in a simple pile, while the other arranges the chicken neatly, places the vegetables in colorful sections, and finishes the plate with a carefully drizzled sauce. The ingredients and portion sizes are identical, yet the…

Grocery Coupon Guide

Stick it to them: Before social media, bumper stickers were the Twitter of the roads

Before we had social media, Americans used bumper stickers to share their strongest and strangest views with people who didn’t necessarily care

The Independent UK

When Vogue Was A Canvas: 11 Of The Most Beautiful Illustrated Covers In The Magazine’s History

Before the camera took over, Vogue’s covers were painted by hand, and Dalí was among the artists who made them. Peacocks, palm trees and Art Deco zigzags turned the magazine into a gallery of illustration for decades.

Eminem Reportedly Risks 'Irreparable Reputational Damage' After Kid Rock Collaboration Draws Fan Disappointment

Eminem has faced criticism for appearing on Kid Rock's Christian album, with commenters and Salon questioning the reputational risks of the collaboration amid political differences.

International Business Times UK

Selena Gomez Says Vaping Changed Her Voice, and Voice Specialists Explain How Hot, Dry Vapor Strains Vocal Folds

Selena Gomez says vaping changed her voice. An NYU specialist explains how vapor dries the vocal folds and when hoarseness needs a checkup.

Woman Shares How Weird, Creepy And Ridiculous Her MIL Is, Her Husband Keeps Making Excuses

She gave her MIL three chances during one hospital stay. Her MIL used all three to make a medicated, exhausted new mother feel judged, interrupted, and unwelcome in her own recovery room. Now she is expecting an invite back, but the internet has something to say. Read the full article…

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.

Download on the AppStore

Get it on Google Play