What the SpaceX IPO actually means

Added: 2026-05-28

[00:00:00]This is Elon Musk, and in just a few days you could buy part of him. Because on June 12th, SpaceX will go public.

[00:00:06]It'll be the largest IPO in human history, and the valuation is $1.75 trillion. But, what >> [music] >> does $1.75 trillion look like? Let me show you. That's like owning 39 million Teslas, [music] or like owning three out of every four houses in the entire state of Texas. It's 26,000 Falcon 9 launches, which is going to take 160 years for SpaceX to launch at the [music] pace they're moving right now. And that's how much they think SpaceX is actually worth. It's not just the satellites, but the entire Elon bundle. From rockets [music] to satellites to xAI to Brock and Twitter. Not included in the deal is Tesla, Neuralink, and The [music] Boring Company. Think about it like the Elon Musk Happy Meal, where the toy inside just sends you to space. The nearly two trillion valuation includes [music] what Elon plans to do as well. I'm not making this up, the future markets go hard.

[00:00:53][music] SPC-X has huge ambitions, like going to the moon, asteroid mining, colony on Mars, [music] call to my dad, who I haven't talked to in years. The filing says, quote, "None of this exists [music] today." Okay, I'm I'm not a financial advisor, but my broker tone friends from high school blew up the group chat, and they say that class A stock is what you can buy on Robinhood and things like that. The class B is like what Elon [music] gets all the time, and that's worth about 10 times more in terms of voting power. So, you fund it, and then he gets to vote on it, and his say goes. To which my friends Jared and Bob say is a profitable dictatorship. So, whose side are you on? Are you willing to bet that he's going to become the next Mr. Universe, or are you thinking he's going to lose another billion dollars? See you in space, or not.