Scott Galloway

SpaceX was the IPO price.

The issuance price was $135.

We were all wondering if it would pop as soon as it started trading.

My prediction, you might remember, was that the stock would pop immediately 25% as soon as it started trading.

It immediately seemed like that was the case.

Because we were hearing murmurs that the stock was going to go out at 170, maybe close to 175.

But then as soon as it officially opened, it opened at around $150.

That's an 11% jump.

A success, but not as much of a success as many of us, including myself, predicted.

And now we're discussing this during the trading day on Friday and shares are hovering around 160, moving up to 165.

It's incredibly volatile right now.

Let's just start with your initial reactions.

We can get into the valuation too.

Some interesting new news.

Also, the fact that Elon is now a trillionaire.

But let's start with your initial reactions to this stock finally going public.

Well, if Elon Musk had a dollar for every racist and stupid tweet or thing he's ever said... Oh, wait, he does now.

He does now, Ed.

You know, I try to get excited about this because a lot of people, you know, you could argue a lot of people have been made... I talked to someone here in Stockholm who works for one of the investment banks taking them out.

And he reminded me, he's like, look, it's great for economic growth.