Ryan Mac

Hey, Michael.

Thanks for having me.

I think it has everything to do with Elon Musk, SpaceX's founder and CEO.

And like everything with Elon Musk, this IPO is singular.

It's likely going to be the largest of all time, raising anywhere from 50 to 75 billion dollars.

It's going to value this company likely at more than $1.25 trillion.

Wow.

And it could make Elon Musk, already the richest man in the world, already one of the most powerful people in the world, the world's first trillionaire.

And this opportunity to invest in this kind of one-of-a-kind company

I think that excites a lot of people.

It is a rocket manufacturer.

It launches things into space for the government and for private companies.

And it's also got this artificial intelligence bent to it as well.

And what you're going to see in this IPO is a large involvement of retail or mom and pop investors who are excited to invest in a company they see as run by a generational entrepreneur.

You don't have to take it public, but this company has been private for more than 20 years.

It was founded in 2002, and it's raised a lot of money already on the private markets from venture capitalists, from private equity funds.

So as a company, you kind of get one shot to do this in your lifetime, to raise money on the public market for the first time.

And so Elon Musk sees this as his opportunity to do that and to raise these tens of billions of dollars to fund a lot of the goals that SpaceX has for the next 10, 20, 30 years.

LAUGHTER

I'm talking about visions to launch data centers into space for AI.