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Ryan Mac

đŸ‘€ Speaker
324 total appearances

Appearances Over Time

Podcast Appearances

The Daily
How Elon Musk Engineered the World’s Biggest I.P.O.

You can mine the silicon on the moon, refine it, and create the solar panels, the solar cells and the radiators.

The Daily
How Elon Musk Engineered the World’s Biggest I.P.O.

I'm talking about landing humans on the moon and building factories to do mining.

The Daily
How Elon Musk Engineered the World’s Biggest I.P.O.

Ultimately, he's talked about making humans multi-planetary, getting them to Mars and making us a species that exists on more than one planet.

The Daily
How Elon Musk Engineered the World’s Biggest I.P.O.

Yes, very modest goals.

The Daily
How Elon Musk Engineered the World’s Biggest I.P.O.

Yeah, I'm sure that Elon is not necessarily going under his couch cushions and scrounging for change here.

The Daily
How Elon Musk Engineered the World’s Biggest I.P.O.

We are talking about huge, vast sums of money that don't come around very often.

The Daily
How Elon Musk Engineered the World’s Biggest I.P.O.

Bear in mind as well that we have these other companies also trying to raise money.

The Daily
How Elon Musk Engineered the World’s Biggest I.P.O.

I'm talking about OpenAI, Anthropic as well.

The Daily
How Elon Musk Engineered the World’s Biggest I.P.O.

that are looking to go public and raise also tens of billions of dollars.

The Daily
How Elon Musk Engineered the World’s Biggest I.P.O.

And so there's kind of this element of who can get out fastest and, you know, raise money from the investor because there's only so much money out there to raise.

The Daily
How Elon Musk Engineered the World’s Biggest I.P.O.

He will.

The Daily
How Elon Musk Engineered the World’s Biggest I.P.O.

He will.

The Daily
How Elon Musk Engineered the World’s Biggest I.P.O.

And it's now a question of convincing the investors that SpaceX, which has now a large AI component to it, is indeed a better bet than, let's say, Anthropic or OpenAI.

The Daily
How Elon Musk Engineered the World’s Biggest I.P.O.

So these mom and pop investors, something the industry likes to call retail investors, get an opportunity to invest here through their brokerage accounts like Charles Schwab or Robinhood.

The Daily
How Elon Musk Engineered the World’s Biggest I.P.O.

Typically, you get 5% to 10% of shares in an IPO reserve for retail.

The Daily
How Elon Musk Engineered the World’s Biggest I.P.O.

There's discussion now of about 30% being allotted to retail.

The Daily
How Elon Musk Engineered the World’s Biggest I.P.O.

I think it's just the sheer size of this thing.

The Daily
How Elon Musk Engineered the World’s Biggest I.P.O.

It's going to need investors beyond your traditional banks and funds that typically put their money into IPOs.

The Daily
How Elon Musk Engineered the World’s Biggest I.P.O.

And it's also going to need a hefty base of investors to continue believing in this company and holding its shares.

The Daily
How Elon Musk Engineered the World’s Biggest I.P.O.

And so Elon Musk over the years has been pretty brilliant in his strategy of courting the everyday person.