Lon Harris

speaker

21,152 appearances 102 recordings 1 series first heard Dec 2024 last heard 25 Aug

Lon Harris’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months

Recordings per month over the last 12 months — 54 in all, peaking in Apr 2026 with 12.

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They've gone IPO, their public offering launched today.

SPCX is the stock ticker.

They're planning to sell more than 555 million shares.

Opening price, $135 a share.

Uh their total raise is going to be about $75 billion at a $1.77 trillion valuation.

Elon Musk's personal stake valued at around $860 billion.

But of course, he can't start selling shares until the company hits all of these various milestones that he's set out.

Trading begins today.

This, of course, breaks the previous IPO record that was set in 2019 by Saudi Arabia's state-owned oil company, Saudi Aramco.

That one valued that company at $1.7 trillion as well, and raised more than $29 billion.

So uh Jason, you wanna you wanna break this down for us?

I know one of the questions that I saw that people were asking was usually IPOs have sort of a sliding scale, like a price range.

They set theirs at 135 per share, flat rate, in or out, take it or leave it.

So I want to hear your thoughts on that.

And then uh, you know, breaking down sort of the other basic business lines here.

a very small float.

Banks buy a little bit more shares than the company is making available.

And then if the stock goes down, they could sort of buoy, you know, like get get some of their money back.

And then if the stock goes up, they can just buy more shares directly from the company.

Elon famously over the years has said he loves retail investors.

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