American late-night talk show host Jimmy Kimmel issued a warning about the SpaceX IPO during a monologue segment on June 11 on The Jimmy Kimmel Show. Kimmel claimed that SpaceX’s listing scale is so large that an index “has to include it,” which in turn triggers automatic investment mechanisms for many 401(k) retirement accounts.
Kimmel’s claims about 401(k) (transcript-style show remarks)
The following are all statements made by Kimmel in the June 11 monologue on The Jimmy Kimmel Show; they are personal commentary statements:
401(k) automatic inclusion mechanism: Kimmel said the SpaceX IPO scale is “very massive,” to the point where the index has to include it, thereby “automatically triggering” investments for many 401(k) retirement accounts. He said: “This is a huge risk for retirement accounts because SpaceX is not profitable.”
Musk remarks related to retirement: Kimmel claimed that Musk has said people don’t need to save for retirement because his robots “will take care of everything one day.” Kimmel paired this with the claim that the SpaceX IPO could affect retirement accounts, saying Musk is “rolling around in your retirement account like a pig.”
Tesla tax burden statement: Kimmel said on the show that Tesla “has paid virtually no federal income tax in the past three years.” The Wrap’s report did not provide any independent verified sources for this.
SpaceX confirmed financial background figures
Based on SpaceX’s S-1 filing and previously confirmed figures from earlier media reports:
Net loss in 2025: about $4.9 billion (reversing the roughly $790 million profit in 2024)
IPO offer price: $135 per share
Target fundraising size: $75 billion
IPO valuation: about $1.77 trillion
Listing date: June 12, 2026 (Friday), ticker SPCX, on Nasdaq
FAQ
Is there official support for the claim that a 401(k) index automatically includes SpaceX?
The 401(k) automatic inclusion mechanism claim raised by Kimmel on the show is his personal commentary statement. The Wrap’s report did not provide an official verified source for the index’s inclusion rules for constituent stocks. Generally, major indices such as the S&P 500 have specific inclusion criteria, including requirements related to consecutive profitability; whether SpaceX meets the constituent-stock standards of each major index depends on the actual rules of each index provider, and there has been no formal confirmation before the IPO is completed.
Is the claim that SpaceX lost $4.9 billion in 2025 a confirmed figure?
Based on SpaceX’s S-1 filing and figures compiled by Motley Fool and BitMEX, SpaceX’s 2025 net loss is about $4.9 billion, reversing the roughly $790 million profit in 2024. The “$4.9 billion” loss figure mentioned in Kimmel’s program broadly matches the roughly $4.9 billion number in the S-1 filing.
What is Jimmy Kimmel’s stance, and how influential is his show?
Jimmy Kimmel is the host of the American ABC late-night talk show The Jimmy Kimmel Show, which is formatted as comedic commentary. The statements on his show are entertainment-style commentary, not independent news reporting or policy statements; all of Kimmel’s claims in this article have been labeled as personal commentary statements.
