SpaceX makes history on Wall Street with the largest IPO in history. Shares opened 11 percent higher at $150, pushing the company’s valuation to a staggering $1.96 trillion. The massive market debut officially makes Elon Musk the world’s first-ever trillionaire. Jon Hartley, a policy fellow at the Hoover Institution at Stanford University, joins to share why investors are willing to put so much money into this company—and what impact SpaceX’s public debut could have on Americans’ retirement accounts, pensions, and the overall stock market.

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