Space ecstasy
4/14/202624 min
Elon Musk’s SpaceX plans to go public this year in what may be the largest IPO of all time. But what is SpaceX, exactly? Today on the show, Katie Martin and Rob Armstrong speak with the FT’s west coast editor Richard Waters about the SpaceX listing and why it isn’t like any other IPO. Also, they go long papal news, southern California and magnolia trees.
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Read a transcript of this episode on FT.com
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First 90 secondsSpeaker 00:00
Markets move fast. Get the insights you need in 10 minutes with Barclays Brief, a podcast from Barclays Investment Bank. Each week, our experts analyze market themes, helping you anticipate what's next. Listen to Barclays Brief wherever you get your podcasts.
Katie Martin· Host0:14
[short musical intro] Pushkin. Markets, ladies and gents, are heading into a new dimension. They are heading into space, led by that guy again, Elon Musk. Investing in space as a big theme has been around for a while, but Musk is really taking it up a notch because he's planning to list one of his companies, SpaceX, on the stock market in the States, and he reckons it's worth, get this, $1.75 trillion. Trillion with a T, which would make it one of the most valuable companies on Earth, and indeed, in the known universe. Now, you take a little look at the electric vehicle/robot maker Tesla, which is Musk's other big thing, and you wonder what gives him so much confidence in his ability. That stock's down by about 30% since November. But the launch, get it, of SpaceX is happening. It will be impossible to avoid, and it'll be a big test of whether investors are up for hype and promises, and whether they really want more Elon Musk in their lives. Today on the show, will this thing fly?