Elon Musk & SpaceX Shock Wall Street, Rashida Tlaib Clash Freezes Congress | 6/5/26 FIRST LOOK

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1:17Hey, everybody. I'm Dave Rubin, and this is First Look. It's Friday, June 5th, 2026. We've got a packed show for you today. The House floor erupts into chaos after Congressman Max Miller accuses Rashida Tlaib of having ties to Hezbollah during a heated debate over Lebanon. SpaceX is preparing for the biggest IPO in history, potentially making Elon Musk the world's first trillionaire. Let's dive in. We start on Capitol Hill, where the House floor descended into chaos Wednesday night after Republican Congressman Max Miller accused Democratic Congresswoman Rashida Tlaib of having ties to terrorist groups, including Hezbollah.

2:04The confrontation came during debate over a resolution introduced by Tlaib that would force President Trump to withdraw U.S. forces from Lebanon. Now here's the key issue Republicans immediately seized on. Tlaib's resolution repeatedly criticizes American involvement in Lebanon and support for Israel's operations there. What it does not mention is Hezbollah, not once. And that's a major omission considering Hezbollah is a U.S.-designated terrorist organization, backed directly by Iran, responsible for the deaths of Americans and the dominant military force operating inside southern Lebanon. Republicans argue that any resolution discussing Lebanon while ignoring Hezbollah is fundamentally dishonest.

2:56That debate reached a boiling point when Congressman Miller took the floor. Miller said, Hezbollah is a terrorist organization, and its members are butchers that you like to hang out with to a certain extent. Immediately, the chamber exploded. Tlaib began shouting objections and accused Miller of attacking her character. When she interrupted him, Miller fired back. Are we getting a little emotional? That only made things worse. Tlaib demanded the remarks be ruled out of order. The House floor was effectively frozen for more than an hour as lawmakers argued over what should happen next. Eventually, the presiding officer struck Miller's remarks from the congressional record.

3:40Miller was then barred from speaking on the House floor for the remainder of the day. But Republicans didn't back down. House Foreign Affairs Committee Chairman Brian Mast later stood up and read a statement on Miller's behalf. The statement read, Yes, I said it. I own it and I stand by it. Then things escalated even further. Mast attempted to enter documents into the congressional record regarding Tlaib's alleged associations with extremist groups. Those materials reportedly included previous reporting connecting Tlaib to a private Facebook group that glorified Hamas' October 7th terrorist attack against Israel.

4:21Tlaib objected, preventing the documents from being entered. Now, politically, this entire fight highlights a growing divide inside the Democratic Party. Many mainstream Democrats are expected to vote against Tlaib's resolution. Even some members of her own caucus are uncomfortable with legislation that focuses entirely on American and Israeli actions, while barely acknowledging Hezbollah's role in the conflict. Republicans have also argued the proposal could directly undermine American interests in Lebanon. Currently, U.S. personnel are involved in protecting the American embassy in Beirut, training Lebanese armed forces, and helping counter Hezbollah's influence.

5:07During debate, Republicans repeatedly asked supporters of the resolution whether they wanted the Lebanese military left to fend for itself against Hezbollah. Many avoided giving direct answers. At one point, Congressman Brian Mast asked Democratic co-sponsor Delia Ramirez whether she wanted American forces to remain in Lebanon to help train troops fighting Hezbollah. Ramirez dismissed the question, saying, He's having a different debate here. But critics argue that's exactly the debate, because when you're discussing Lebanon without discussing Hezbollah, you're leaving out the most important actor in the entire conflict.

5:48And that's why Republicans say Tlaib's resolution isn't just misguided, they say it's dangerous. Elon Musk is about to make financial history. SpaceX is expected to go public next Friday, June 12th, in what analysts believe could become the largest IPO ever. According to reports, the offering could value SpaceX at roughly$1.75 trillion. Let that number sink in. That's larger than the entire GDP of many developed countries. According to the Wall Street Journal and Bloomberg, SpaceX plans to sell less than 5 % of the company. Even so, the IPO could raise somewhere between$60 billion and$80 billion for the company.

6:31Early reports suggest the opening share price may be around$135 per share, which would generate roughly$75 billion in capital. Now, here's why investors are so excited. For years, SpaceX operated as a private company. Nobody outside the company had a clear picture of its financials. That changed when SpaceX released IPO filings last month, and the filings revealed something fascinating. The company's biggest moneymaker isn't rockets. It's Starlink. The satellite internet business generated$11 billion in revenue last year alone. That's what is driving much of the excitement around the IPO. Meanwhile, Musk's compensation package may be the most Elon Musk thing ever written into a corporate filing.

7:15According to the documents, much of his future stock compensation is tied to one extraordinary benchmark, establishing a permanent human colony on Mars with at least one million inhabitants. Yes, seriously. The filing also includes another memorable line. We do not want humans to have the same fate as dinosaurs. Only Elon Musk could make that sound like a legitimate business strategy. Now, if the valuation projections are accurate, Musk's personal wealth could approach or exceed$1 trillion, making him the first trillionaire in human history. To put Musk's wealth in perspective, the Wall Street Journal calculated that over the past three decades, he has effectively accumulated wealth at a pace of roughly$3.6 million per hour, every hour, for more than 30 years.

8:03One of the biggest believers in Musk's vision is legendary investor Ron Barron. Barron's funds currently hold approximately$15 billion worth of SpaceX stock. He's compared SpaceX's long-term potential to the British East India Company and believes the company could eventually become one of the most valuable enterprises ever created. Now, whether you love Elon Musk or hate him, one thing is undeniable. The man has fundamentally transformed electric vehicles, space exploration, satellite communications, artificial intelligence, and the future of private industry. And next week, Wall Street will finally get a chance to place a public price tag on that vision.

8:43And that's your First Look this Friday. Quick recap. The House floor erupted after Congressman Max Miller accused Rashida Tlaib of having ties to Hezbollah during debate over Lebanon. And SpaceX is preparing for the biggest IPO in history, potentially making Elon Musk the world's first trillionaire. We'll keep following all of it. I'm Dave Rubin. Thanks for starting your day with First Look. See you tomorrow.

9:36We'll be right back. at Wayfair.com. Wayfair, every style, every home.