Elon Musk's SpaceX has officially set its IPO price at $135 per share, selling more than 555 million shares and raising approximately $75 billion in what is now the largest initial public offering in the history of the stock market. The company's valuation? A casual $1.77 trillion. And the American left is having a full-scale emotional breakdown about it.

Your tears fuel his spaceship. Literally.

SpaceX begins trading on the NASDAQ tomorrow, June 12, under the ticker symbol SPCX. The IPO obliterates the previous record held by Saudi Aramco, which raised just over $29 billion at a $1.7 trillion valuation back in 2019. So an American rocket company just out-IPO'd the Saudi oil kingdom. Try being mad about that with a straight face.

But oh, they're trying. As Hot Air reported, the progressive meltdown is operating at full thrust. The Washington Post opened its coverage by describing SpaceX as "a rocket, satellite internet and artificial intelligence company that's bleeding cash and has puny sales." Bleeding cash. Puny sales. The company just raised $75 billion in a single day and they're describing it like a lemonade stand that ran out of lemons.

The New York Times went with the headline "SpaceX Sets Milestone With World's Largest I.P.O., Furthering Musk's Power" — because the paper of record can't even report on American achievement without framing it as a threat. The greatest IPO in history and their concern is that one guy has too much "power." This from the same people who spent eight years cheering every dollar that flowed to Silicon Valley under Obama.

Then there's Senator Elizabeth Warren of Massachusetts, who actually wrote a letter to the SEC demanding they delay the IPO. Her words: "Given the unprecedented threats to investor protection and market integrity posed by the biggest IPO in history, you must delay any eventual acceleration." Translation: "A man I don't like is about to make a lot of money and I'd like the government to stop it, please."

Musk's stake in SpaceX alone is now worth more than $860 billion. Combined with his Tesla holdings, his total net worth tops $1.1 trillion, making him the world's first trillionaire on paper, per the Washington Post. The 54-year-old went from being the guy progressives loved when he was making electric cars to Public Enemy Number One the moment he bought Twitter and stopped censoring conservatives.

And my personal favorite reaction came from the New York Times comment section — which is basically a support group for people who subscribe to too many newsletters. One reader wrote: "So, tomorrow we'll coin new billionaires who work on sending rockets farther...while there are still people starving here on Earth." Right. The guy who built a global satellite internet system, launched astronauts to the space station, and employs thousands of engineers isn't contributing enough to society. He should be running a soup kitchen instead.

Here's the part they'll never admit: SpaceX is the most impressive American industrial achievement in a generation. It lands rockets. It sends humans to space. It provides internet to war zones and rural communities. And it did it without being a government agency. That's the part that really burns them — Musk didn't need a congressional committee or a DEI officer to get to orbit.

The biggest IPO in history belongs to an American company that builds rockets. Progressives are furious. The rest of us are buying popcorn.