Susannah Batley

speaker

230 appearances 2 recordings 1 series first heard May 2026 last heard 22 Jul

Susannah Batley’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 2 in all, peaking in Jul 2026 with 1.

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Shared Lunch · The investor’s guide to the SpaceX IPO · 27 May 2026 podcast

So there'll be a lot of funds that just by virtue of it being in the index will be buying into the stock.

It's hard.

There aren't a whole lot of comparable companies to SpaceX.

So if you're an investor, it's like those are the terms and that's the arrangement.

And you've just got to decide, are you going to accept that and go in or you don't?

But I

You know, I think it's hard to look at sort of other competitors.

It's really a bit of a, do you want exposure to that company or don't you?

That's right.

Yeah, so they have tweaked the formula to enable SpaceX to enter the index much quicker than it otherwise would be, which will be interesting to see what that does to the demand side over the next wee while.

You know, there's lock-up periods that will come away over that time as well.

So we do know that supply is going to be increasing in terms of potential sellers in that stock that are owners before the IPO that choose to

get some liquidity post IPO and sort of interesting to see what the demand side looks like in particular as that comes into the index.

So I think when it comes back to that purpose of IPO, are they existing shareholders that are selling shares or is the company raising new money?

Either way, ideally looking to maximise the valuation or at least have a good valuation, both for owners that are selling some of their shares, wanting to maximise proceeds for them, but also if they're raising new money, then often they've got a target amount that they're looking to raise.

And so the higher the share price, the less dilution those owners need to have.

And so either way, looking for a market dynamic that can support generally healthy valuation.

Having said that, for a company that is raising money to grow, often they are looking at, actually, this is only the start of that, and they want to be accessing the capital markets in the future.

And so if they...

raising money at sort of a too high valuation that the company can't really support over the medium term and shareholders buy in at the IPO and then their price just trends down, that can make it really hard for the company to access capital in the future.

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