You Might Already Own SpaceX Shares and Not Know About It

It is slated to become the largest IPO in history.

It set its price at $135 a share,

which would value the company at roughly $1.7 trillion.

Yeah. Ah.

That is trillion with a T and an R.

So this is the first of a series of AI firms going public

in a way that's going to really change the industry,

and also potentially the economy.

Anthropic is slated to go public, as is OpenAI.

They've both confidentially filed their S1s

and then announced those confidential filings

very, very publicly.

It is a moment that we're gonna look back on

as being, Oh, this is the moment

that launched these AI companies into the stratosphere,

in SpaceX's case, literally,

or this was the very height of the bubble

that we've all been waiting to burst.

And I don't know, Zoe, which is it?

Honestly, I'm not trying to hedge too much.

It does genuinely feels like it could go either way.

It does seem like it is going to benefit

Elon Musk quite a lot.

He's already the world's richest man,

net worth around 700 billion,

but he stands to earn quite a lot more

due to his 42% stake in the company,

and he could become the world's first trillionaire,

we're saying that number or that word quite a lot.

Yep. Yep.

If the IPO goes, well.

Obviously, if the IPO unexpectedly flops,

it could be pretty bad for the entire market.

A lot of people could end up owning a little slice

of SpaceX stock, whether or not they want to,

and that is because the NASDAQ 100 recently relaxed

its rules to make it easier and faster

for SpaceX to be included,

which forces funds that track the index

to invest in SpaceX practically overnight.

So this is now kind of integrated

in vast parts of the economy

that people might not even necessarily know about.

Yeah, it's gonna be in your 401[k].

Right. If you have a 401[k],

all these places they can't really control.

I hope that there's not a big-bubble burst systemic failure,

because if there is, it would take down Nvidia,

which is already such a huge portion

of the stock market, Google.

Basically, the systemic risks are already there,

whether you're in SpaceX or not.