June 14, 2026

Before the biggest IPO ever, SpaceX dealt with multiple rocket explosions and near bankruptcy

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Key Topics in this News Article:

America Aviation California Casino Chinese education Elon Musk Factory Internet IPO Manufacturing military NASA Online Payment Outer Space Russia Samsung Signal Space Force Space Station SpaceX Starlink Technology Texas Travel

News Snapshot:

Just over two decades ago, SpaceX was a fledgling startup sparked by an idea Elon Musk had after talking with his old college roommate. Speaking to employees in Texas on Friday just before he rang the opening bell to signal SpaceX’s first day of trading, the CEO admitted he thought the company would fail. “I gave SpaceX less than a 10% chance of succeeding at all,” Musk said. In fact, SpaceX endured multiple rocket explosions and brushes with bankruptcy along the way. Here’s the story, according to Musk’s official biography, by Walter Isaacson. From PayPal to the stars Ousted as…

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Before the biggest IPO ever, SpaceX dealt with multiple rocket explosions and near bankruptcy

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