SpaceX Making IPOs Great Again & Does Your Dog Love You? 6/16/26

**Katie Kramer** (0:00)
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**SPEAKER_2** (0:27)
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Bring in show music, please.

**Katie Kramer** (0:59)
Hi, I'm CNBC producer Katie Kramer. Today on Squawk Pod.
Have you heard about SpaceX? Elon Musk's massive Wall Street public offering has the company on a meteoric rise. Will other mega IPOs follow suit?

**Joe Kernen** (1:14)
We got the SEC chair on, and woo, our IPO is hot. Let's go, baby.

**Katie Kramer** (1:19)
Paul Atkins of the Securities and Exchange Commission on the enthusiasm.

**Paul Atkins** (1:23)
Well, I think it's a great testament to the US capital markets.

**Katie Kramer** (1:27)
And the goals.

**Paul Atkins** (1:28)
That the real story is the other ones that are in the pipeline and how we need to make our markets more predictable and attractive for companies go public.

**Katie Kramer** (1:38)
Then Arthur Brooks, professor and columnist on what's good for us and the personal scandals that probably aren't good for politics.

**Arthur Brooks** (1:47)
So private life and public life. But the truth is, if that's all you know about a politician, that's a good indicator of performance, that's a good indicator of ethics, that's a good indicator of character. And if that's all you know, that's actually something worth voting on.

**Katie Kramer** (2:00)
Plus, President Trump at the G7 summit, our Megan Cassella reports, The European leaders have really wanted to see the US step up more. And jobs, artificial intelligence taking a toll at the headcount of another tech high flyer.

**Joe Kernen** (2:14)
Was the workforce bloated or is it AI?

**Katie Kramer** (2:17)
It is Tuesday, June 16th, 2026 Squawk Pod begins right now.

**Arthur Brooks** (2:24)
Stand Becky by in three, two, one, cue please.

**Becky Quick** (2:30)
Good morning, everyone. Welcome to Squawk Box right here on CNBC. We are live from the NASDAQ market site in Times Square. I'm Becky Quick along with Joe Kernen. Andrew is off today.

**Joe Kernen** (2:41)
Had a big market cap already and then gained another 20% in its first full day of trading. Talking about SpaceX, it was a 20% gain on its first day from the IPO price. When the shares started trading just before noon, company's market cap now above $2.5 trillion. SpaceX investor relations saying that the total raise in the IPO was $85.7 billion after underwriters officially exercised their over allotment of shares, commonly known as a green shoe option.

**Becky Quick** (3:14)
We had Ron Barron here yesterday. He said he asked for a billion dollars and he got a billion dollars on Friday in terms of what he has. So now he's got more than $25 billion and that was before the gains that you saw yesterday.

**Joe Kernen** (3:26)
Wow. So he hit that, he's got $25 billion.

**Becky Quick** (3:29)
He had $24 billion before. He put another billion dollars that he took for his funds.
And yeah, that was before the 20% gains you saw yesterday. Can you imagine how much he made? Hundreds of millions of dollars.

**Joe Kernen** (3:41)
Yeah, so far.

**Becky Quick** (3:43)
So far.

**Joe Kernen** (3:44)
So far.
It's a shatter. Yeah. I'm going to find it.

**Becky Quick** (3:52)
Senior staffers from Anthropic meeting with Trump administration officials to try to resolve their latest dispute. A source tells CNBC that that gathering took place in Washington, DC yesterday. Last week, the government ordered the Anthropic to suspend foreign nationals' access to its latest AI models over security concerns. According to Reuters, Commerce Secretary Howard Lutnick told the company there were worries that its technology could end up in the hands of military intelligence in China, Russia or other countries.
The Washington Post says that the White House weighed export controls against Anthropic weeks ago after the administration learned a Korean telecom company suspected of having ties to China had been given access.