A wall inside the lobby of Morgan Stanley's global headquarters reads "Morgan Stanley Welcomes SpaceX" in the Manhattan borough of New York City on June 11, 2026. Elon Musk's SpaceX on June 11 confirmed it will begin trading on the Nasdaq exchange on June 12 in the biggest initial public offering in history, a blockbuster market debut that could propel the entrepreneur to trillionaire status. (Photo by CHARLY TRIBALLEAU / AFP via Getty Images)