Sabri Beneshour
๐ค SpeakerAppearances Over Time
Podcast Appearances
President Trump has signed an executive order threatening new tariffs on imported prescription drugs, possibly as high as 100 percent.
Many companies will be able to avoid the highest tariffs by cooperating on a plan to lower drug prices or by breaking ground on building new production facilities in the U.S.
Elon Musk's SpaceX has filed the early paperwork for an initial public offering of its stock, likely to be the biggest ever.
Bloomberg says the company could be valued at $2 trillion.
This is as blockbuster as it gets for IPOs.
But this one is a little different for more reasons than that.
Eric Gordon joins us to talk about it.
He's a professor at the University of Michigan's Ross School of Business.
Eric, good morning.
Good morning, Sabri.
Let's talk about insiders.
Not everyone gets to invest in an IPO.
Who gets to invest in this one?
Elon Musk says he wants to allow more of these individual investors to invest.
According to Bloomberg, SpaceX is proposing that it be valued at $2 trillion.
Its main revenue comes from launching stuff into space and then also its Starlink satellites.
That all brings in $20 billion a year.
Why would it be worth $2 trillion?
Eric Gordon, professor at the University of Michigan's Ross School of Business, thank you so much.
My pleasure, Sabri.