Should You Buy Space X? | IPO Special
6/9/202654 min
In this special episode of The Master Investor Podcast we explore the upcoming IPO of SpaceX - the largest IPO of all time, set to begin trading on Friday 12 June, raising $75bn in fresh capital, valuing the firm at close to $1.8trn.
Wilf is joined by CNBC’s Morgan Brennan to set up the details with a breakdown of SpaceX’s business model, all of the key numbers, and how we got to this point.
Wedbush Securities’ Senior Research Analyst Dan Ives then gives the bullish take on the IPO.
Followed by Nicolas Owens from Morningstar - a rare Bear on Wall St on this deal - who thinks the company is worth half the mooted listing price. Read Nicolas' Note here - https://www.morningstar.com/stocks/spacex-what-investors-need-know-about-its-enormous-upcoming-ipo
Rounding things off, Wilf discusses the likely impact of the IPO on the broader markets with founder of The Bear Traps Report - Larry McDonald.
If you are debating buying shares in the SpaceX IPO then this is a critical listen for you.
Recorded 7th and 8th June 2026.
0:00 Intro
2:14 Morgan Brennan sets it up
17:00 Dan Ives - BULL case
28:43 Nicolas Owens - BEAR case
42:39 Larry McDonald - impact on wider market
You can watch the full video on The Master Investor Podcast YouTube channel
And follow @WilfredFrost on X and Linked In
Sponsored by BNY Investments, Interactive Brokers - ibkr.com/masterinvestor, The World Gold Council and London Stock Exchange Group (LSEG).
The Master Investor Podcast is produced by Paradine Productions, Master Investor Ltd in association with Bird Lime Media.
This podcast is for information purposes only. It does not constitute an invitation or inducement to engage in any investment activity. It is not a financial promotion as defined under section 21 of the Financial Services and Markets Act 2000 (FSMA). The views expressed by the presenter of this podcast are those of the presenter and are provided in the course of journalism. This podcast benefits from the exemption under Article 20 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (FPO), It does not require approval by a person authorised under the FSMA. Generic information, not identifying any specific investment, fund, provider or service, about a class of investments such as shares, bonds, derivatives and cryptoassets, might be provided and/or discussed during this podcast. Such discussion falls within the generic promotions exemption (Article 17 of the FPO). Such discussion is not a financial promotion requiring approval by an authorised person under section 21 of the FSMA. Investing involves risk. You should consult a suitably qualified adviser who can assess your individual circumstances before making any investment decision.
Clips
Transcript preview
First 90 secondsMorgan Brennan· Guest0:00
The space business is very much a pioneering b- business, and I think it also speaks to this idea of when Elon Musk says he's gonna set out and do something, he's not necessarily gonna do it in a crazy forecast that he puts forward, but he almost always does it. Uh, and so- Mm-hmm ... the space business within SpaceX, I think is a good example of that because even right now, what they're designing with Starship, the next generation rocket which unlocks the future overall for SpaceX and this, like, huge hefty valuation that they're asking for as they come public, all of that has been said by everybody else to not be possible, and yet they've done it, and now they dominate the market. And so it puts them in a key tent pole position to now be able to go out and carve out other pieces of the market.
Wilfred Frost· Host0:36
[upbeat music] Hello, and welcome to this special episode of the Master Investor podcast, where we focus on the SpaceX IPO. By this Friday, the 12th of June, it will be the biggest IPO of all time, set to raise about $80 billion of fresh capital, valuing SpaceX at some $1.8 trillion. To debate the attractions and detractions of this IPO, we are joined by four fantastic guests. My former colleague and friend from CNBC, Morgan Brennan, the host of Morning Call, but also the network's lead anchor when it comes to space. Then, to outline the bull case, we'll be joined by Dan Ives of Wedbush Securities, who you'll know from