Why SpaceX’s $1.8T IPO Will Create New Millionaires in Texas | WSJ

Starbase, Texas, is a newly incorporated company town and the headquarters of Elon Musk’s SpaceX. A small army of staff and contractors pour into Starbase every day from neighboring areas, including Brownsville, the biggest city in Texas’s Rio Grande Valley and historically one of the poorest places in the U.S. SpaceX's IPO is expected to be the largest in history, and deliver a valuation of around $1.8 trillion. Many employees at Starbase stand to make small fortunes, injecting immense wealth into a region already straining to accommodate Musk’s grand ambitions. Watch Micah Maidenberg report from Starbase and Brownsville as residents in the region brace for SpaceX’s IPO and the uncertainty from one of the world’s most valuable companies planning to become even bigger. Chapters: 0:00 SpaceX’s Starbase 2:43 Impact on Brownsville 4:51 The shifting economy 6:41 Local tension 7:30 The future of Starbase WSJ Originals features in-depth reporting, investigations and on-the-ground journalism that uncovers the forces shaping business, politics and the world around us. #SpaceX #ElonMusk #WSJ