Alan Kohler

Sorry, but we've chosen.

you know, as many as we think we can answer.

Before we get to questions, here's a quick word from our sponsor.

And also before we get to questions, a usual warning that it's general advice only, not personal advice.

So the first question is from Matthew.

He says, is SpaceX's IPO a giant scam?

Is Elon Musk coming for my money via ETFs?

There is a YouTube video called the SpaceX IPO.

It's worse than you think going viral.

This video explores several critical and controversial aspects of the upcoming SpaceX IPO that may warrant closer journalistic scrutiny.

It argues that a quiet rule change known as the NASDAQ fast entry rule will allow SpaceX to bypass certain traditional hurdles.

effectively turning retail ETFs into exit liquidity for companies' insiders who will sell at peak valuation.

Is this real and what can we expect?

What can retail investors do?

No, that's right.

Just while we're on SpaceX, if you look at the SpaceX prospectus, which you can easily find online, page 11, it's got an estimate of the total addressable market, which is 28.5 trillion US dollars, right?

of which 26.5 trillion is about AI.

Yeah.

Because SpaceX is mainly now an AI company because they own Grok and the Elon Musk AI company called XAI.

It's not really about space and satellites and so on.