Ed Ludlow

And we're the hosts of Money Stuff, the podcast.

Every Friday, we dive into the top stories about Wall Street, finance, and other stuff.

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Okay, back to our top story.

SpaceX shooting for the stars yet again, this time in the financial context.

Sources tell us the Elon Musk-led space company well underway with plans for an IPO that would seek to raise far above $30 billion with the targeted valuation around $1.5 trillion.

That would make this, by money raised, the biggest IPO ever.

A representative for SpaceX didn't respond to my many requests earlier.

for comment.

Joining us to discuss is Will Whitehorn, chairman of Seraphim Space.

Will was also former chairman of Virgin Galactic, somebody who's worked side by side with Richard Branson in the domain of commercial space.

We have a lot to get to.

Seraphim, an investor in all kinds of different space assets.

And it's the space asset that I think is central to this SpaceX IPO story.

My reporting is that they want to raise the capital for the SpaceX AI cluster, the SpaceX AI stack, space-based data center.

Your reaction to that, Will?

Will, we're going to question, report on, react to wherever the valuation of this company settles.

My reporting, again, is that the target, based on what they want to raise, the percentage of the company they offer, $1.5 trillion.

But macro, this is an industry, private commercial space that's growing.

What is Seraphim seeing?