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Scott Galloway

πŸ‘€ Speaker
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90528 total appearances
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Appearances Over Time

Podcast Appearances

Prof G Markets
SpaceX IPO Takes Off β€” And Elon Is Now A Trillionaire

And people say, well, that's a function of capitalism.

Prof G Markets
SpaceX IPO Takes Off β€” And Elon Is Now A Trillionaire

No, it's not.

Prof G Markets
SpaceX IPO Takes Off β€” And Elon Is Now A Trillionaire

There's capitalist countries all over the world where, you know, kids don't, you know, one in five households don't have kids who are food insecure.

Prof G Markets
SpaceX IPO Takes Off β€” And Elon Is Now A Trillionaire

So I actually, you know, where I land on this is, one, distinctive offering, and you know my feelings about the manufactured scarcity, but on the social side of things, I think it's great that someone can make a trillion dollars.

Prof G Markets
SpaceX IPO Takes Off β€” And Elon Is Now A Trillionaire

What bothers me is that they're not taxed at a decent rate, and we don't put the same safeguards or apply the same norms to them, thereby, again, reflecting.

Prof G Markets
SpaceX IPO Takes Off β€” And Elon Is Now A Trillionaire

Elon Musk is probably going to decide who the next president is.

Prof G Markets
SpaceX IPO Takes Off β€” And Elon Is Now A Trillionaire

I think we're naive to think that he doesn't have that power now.

Prof G Markets
SpaceX IPO Takes Off β€” And Elon Is Now A Trillionaire

Yeah, I think that's right.

Prof G Markets
SpaceX IPO Takes Off β€” And Elon Is Now A Trillionaire

It's one thing to play the game and make a lot of money playing the game, but it's a different thing to rig the game and make a lot of rigging it.

Prof G Markets
SpaceX IPO Takes Off β€” And Elon Is Now A Trillionaire

And that seems to be what the direction we're headed, especially the extent to which

Prof G Markets
SpaceX IPO Takes Off β€” And Elon Is Now A Trillionaire

These people like Elon appear to be buying our politics.

Prof G Markets
SpaceX IPO Takes Off β€” And Elon Is Now A Trillionaire

I mean, we've seen how billionaire spending on political campaigns has just exploded ever since Citizens United.

Prof G Markets
SpaceX IPO Takes Off β€” And Elon Is Now A Trillionaire

And it does result in these regulations, which makes it easier to make huge amounts of money, particularly with this insider trading stuff, which is why I believe that that is probably the biggest issue that we're seeing in the current administration right now.

Prof G Markets
SpaceX IPO Takes Off β€” And Elon Is Now A Trillionaire

It's just the total collapse of investor protections and the increase of insider trading.

Prof G Markets
SpaceX IPO Takes Off β€” And Elon Is Now A Trillionaire

One final point I just want to point out, related to the circular deal-making that we've described in the past, and this is very interesting, and our research assistant, Dan Chalon, pointed this out, and it's a really good point.

Prof G Markets
SpaceX IPO Takes Off β€” And Elon Is Now A Trillionaire

After the S1 dropped for SpaceX, they announced this deal with Google, where Google was going to buy $920 billion per month worth of AI compute from SpaceX.

Prof G Markets
SpaceX IPO Takes Off β€” And Elon Is Now A Trillionaire

And a lot of people said, hey, SpaceX has a good business now.

Prof G Markets
SpaceX IPO Takes Off β€” And Elon Is Now A Trillionaire

Like, they're figuring it out.

Prof G Markets
SpaceX IPO Takes Off β€” And Elon Is Now A Trillionaire

It was very strange, though, because...

Prof G Markets
SpaceX IPO Takes Off β€” And Elon Is Now A Trillionaire

We also have to recognize that Google owns 6% of SpaceX.