It’s SpaceX IPO Day!
6/12/202641 min
SpaceX is officially public and we explain not only why that matters, but also how it may benefit companies like Alphabet long-term. We also explore what’s wrong at Adobe, why Apple has become boring, and the stocks on our radar. Travis Hoium, Lou Whiteman, and Jon Quast discuss:
- SpaceX IPO
- Who Will Sell SpaceX Stock?
- What’s Wrong At Adobe?
- Either or Neither
- Is Apple All Right
- Stocks On Our Radar Companies discussed: SpaceX (SPCX), Microsoft (MSFT), Alphabet (GOOG), FormFactor (FORM), Casey’s General Stores (CASY), Target (TGT), Walmart (WMT), Microsoft (MSFT), Adobe (ADBE), Intuit (INTU), Tesla (TSLA). Host: Travis Hoium Guests: Lou Whiteman, Jon Quast Engineer: Dan Boyd Disclosure: Advertisements are sponsored content and provided for informational purposes only. The Motley Fool and its affiliates (collectively, “TMF”) do not endorse, recommend, or verify the accuracy or completeness of the statements made within advertisements. TMF is not involved in the offer, sale, or solicitation of any securities advertised herein and makes no representations regarding the suitability, or risks associated with any investment opportunity presented. Investors should conduct their own due diligence and consult with legal, tax, and financial advisors before making any investment decisions. TMF assumes no responsibility for any losses or damages arising from this advertisement. We’re committed to transparency: All personal opinions in advertisements from Fools are their own. The product advertised in this episode was loaned to TMF and was returned after a test period or the product advertised in this episode was purchased by TMF. Advertiser has paid for the sponsorship of this episode. Learn more about your ad choices. Visit megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices
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Transcript preview
First 90 secondsTravis Hoium· Host0:00
[upbeat music] It's SpaceX IPO day, and Motley Fool Hidden Gems Investing starts now. Welcome to Motley Fool Hidden Gems Investing. I'm Travis Hoium. I'm joined today by Lou Whiteman and John Quast, and we have to start with the news of the day. That is the SpaceX IPO. This has been coming for a while. It's been a huge topic. Retail investors, who are w- who are the people that we talk to, are gonna be a huge, huge piece of this. So I wanna go through kinda an overview and g-get all the way down to when are some of these big owners going to sell? But Lou, let's start here. For investors who are maybe new to this IPO process, who've never bought an IPO or a stock that has started their initial trading, like Space-SpaceX is going to do today, what is an IPO and why is it important?
Lou Whiteman· Guest0:48
So an IPO, initial public offering, is the process through which a private company becomes a publicly traded company. All companies have shares, private or public. But before the IPO, SpaceX shares were held by investors who had invested early on, venture capitalists, uh, j-insiders, not easily traded on the open market. So what SpaceX is doing is they're selling a small sliver of themselves, some percentage of their shares, in this case, you know, I, I think, what, uh, under 10%. Um- Yep ... o-over time, all of the shares will become tradable. Uh, this allows both retail investors like us, sma- non-venture capitalists, to get in. It also allows for big holders to get out. So