Is SpaceX Worth the Hype?
6/11/202623 min
SpaceX is preparing the largest public offering ever on Friday. Elon Musk’s space-satellite-AI-social-media company plans to sell $75 billion worth of shares at a “take-it-or-leave-it” price of $135 a share. WSJ’s Corrie Driebusch takes us inside the SpaceX books and details what investors are thinking about the massive IPO. Ryan Knutson hosts.
Further Listening:
- Musk vs. Altman
- Elon Musk's $1.25 Trillion Megamerger
- The Woman Behind SpaceX
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Clips
Transcript preview
First 90 secondsRyan Knutson· Host0:00
[upbeat music] Elon Musk's company, SpaceX, is going public, meaning at some point on Friday, SpaceX will begin selling shares on the stock market, and it's aiming to raise a lot of money.
Corrie Driebusch· Guest0:17
SpaceX is by far the largest IPO ever, so I don't even have to say the largest that I've covered. It's the largest ever.
Ryan Knutson· Host0:26
[upbeat music] Our colleague, Cori Drebusch, is an expert in initial public offerings, or IPOs, and she says that the amount of money that SpaceX is aiming to raise, a whopping $75 billion, is more than the amount typically raised in an entire year by all other IPOs combined.
Corrie Driebusch· Guest0:45
So think about the total dollars that are raised in a year by IPOs in the US.
Ryan Knutson· Host0:54
Mm-hmm. So all of the companies that are listing, all of the money that they're raising from all these investors.
Corrie Driebusch· Guest0:58
Yeah, all the companies listing in the US to raise money each year. If you look back the last 10 years, that total has only exceeded the $75 billion SpaceX is going for twice.
Ryan Knutson· Host1:11
That is, forgive the pun, astronomical.
Corrie Driebusch· Guest1:14
It's pretty crazy.
Ryan Knutson· Host1:16
So what does that tell you?
Corrie Driebusch· Guest1:19
It, it, it speaks a lot to the craziness of what SpaceX hopes and dreams to do. They kinda