What Elon Musk Told Jamie Dimon on SpaceX's Roadshow -- WSJ

Dow Jones06-05 23:56

By Becky Peterson

SpaceX launched its IPO roadshow this week, making its pitch to Wall Street with recorded executive interviews, a flashy website, and a marketing campaign focused on its potential to dominate the commercial space market.

Among the stops on the tour was a live-streamed interview with founder and CEO Elon Musk, and JPMorgan Chase CEO Jamie Dimon. The interview was streamed on the social-media platform X, which is now part of the rocket company.

Dimon sat on stage on the 51st floor of JPMorgan's Manhattan headquarters in front of a live audience. Musk streamed in over video, though his mother Maye was in the audience and briefly took the mic to congratulate her son on the "party."

Musk's pitch focused on his vision for expanding its profitable Starlink internet service, sending data centers into space and building a city on the moon.

He told the audience that money raised in the IPO would enable SpaceX to send 100,000 new satellites to space.

"The TLDR it would be, we're embarking on a massive new growth phase and we need capital for that," he said jokingly after spending several minutes discussing how much energy is generated by the sun. Musk plans to power the company's space data centers with solar energy.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

June 05, 2026 11:56 ET (15:56 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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