Nick Martell

Now, Jack, since you and I spent a few years working on Wall Street, can you sprinkle on some bank and context here, please?

When most companies IPO, they offer regular investors 10% max of the issuance.

They save the rest for the Wall Street insiders.

But Elon loves his retail army, so he's hooking them up with three times more than the normal IPO.

Jack, let's bring some more context into this thing.

$75 billion in stock raised, not the size of the company, just the amount of stock raised.

That is an unbelievably large amount for an IPO.

It is two and a half times bigger than the previous biggest IPO ever from Saudi Aramco.

Get this bestie, 75 bill, that would be bigger than all the IPOs in eight of the last 10 years.

That is insane.

And it helps Elon target a $1.75 trillion valuation for the entire SpaceX company.

If Elon succeeds with the IPO at that valuation,

then SpaceX would be worth more than Meta.

And yet Meta, Zuck's baby, makes 13 times as much revenue and eight times as much profit as SpaceX does.

So why would SpaceX be worth more than Meta when it is dwarfed in both revenue and profitability compared to Meta?

Well, because it doesn't matter.

SpaceX is shooting for the moon, literally.

Actually, Mars, right, Jack?

There's nothing guaranteed in finance except this, Nick.

The stock price of SpaceX will be as intergalactic as the business model.