The Physics of SpaceX

About this episode

This episode discusses the recent developments regarding SpaceX's IPO and its implications for the US equity market.

Blind Squirrel Macro paid subscriptions are paused until early June. I am unable to accept new paid subscribers until then. This is a special free edition. In addition, I have removed the paywall on SpaceX material from earlier this year (links at the bottom of the note). Please share this public service announcement far and wide! The ‘Start the Week’ note will be out for existing paid subscribers on Sunday night or Monday morning EST. Please get in touch if you recently subscribed to my work and are interested in a trial / review of the archive. The Physics of SpaceX Well, the SpaceX S-1 finally dropped this week. As you know, the 🐿️ (together with podcasting partner Benny) have been following this one very closely. Even if you (like this rodent) have no intention of placing an order in the IPO, all investors and traders have no choice but to pay attention to the circus. The latest ‘price talk’ for the deal is that SpaceX is expecting to raise $75bn at a valuation of $1.75trn (more on that later) in mid June. Including the 15% greenshoe, the company’s underwriters will need to place $86.25bn worth of stock. There is no (even vaguely close) historical precedent to such a raise…

People in this episode

Host: The Blind Squirrel

Topics covered

• SpaceX
• IPO
• US equity market
• investment
• valuation

Keywords

• SpaceX
• IPO
• valuation
• equity market
• investment

Mentioned in this episode

Organizations: SpaceX, Polymarket

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