Forbes Senior Editor Alan Ohnsman sat down with Forbes Talks to discuss the upcoming historic SpaceX initial public offering and why its financial windfall will primarily benefit the state of California despite the company’s headquarters relocating to Texas. Ohnsman also discussed how the inclusion of underperforming assets like X and XAI impacts investor sentiment regarding SpaceX’s $1.77 trillion valuation.
00:00 SpaceX’s Wall Street Debut
01:33 Why California Keeps The Initial Public Offering Payday
03:55 Evaluating Tax Disparities Between California And Texas Employees
06:27 Analyzing The SpaceX Employee Stock Compensation Program
09:17 The Broader Impact On California Tech Wealth and State Budgets
12:48 Unpacking The Trillion Dollar Valuation
18:33 Tracking Elon Musk’s Net Worth And Trillionaire Status
Read the full story on Forbes: https://www.forbes.com/sites/alanohnsman/2026/06/09/spacex-left-california-its-ipo-payday-did-not/
Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1
Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:
https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript
Stay Connected
Forbes newsletters: https://newsletters.editorial.forbes.com
Forbes on Facebook: http://fb.com/forbes
Forbes Video on Twitter: http://www.twitter.com/forbes
Forbes Video on Instagram: http://instagram.com/forbes
More From Forbes: http://forbes.com
Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
