SpaceX IPO, Iran War Fallout, Quantum Bitcoin Hack, The Space Opportunity
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What is the main topic discussed in this episode?
All right, everybody, welcome back to the number one podcast in the world. It's the all in podcast. David Sachs couldn't make it this week, but we have the trio. David Freberg is here, your Sultan of Science, Jamal Khopatia. SpaceX filed confidentially to go public on April 1, targeting a 1.7 5 trillion with the T valuation. When SpaceX goes public, if it's at that 1.75 trillion dollar valuation, so weird to say trillion dollar valuation for an IPO, they would be the eighth largest company in the world right behind TSMC and Saudi Aramco. They're both worth 1.7 x at the taping of this podcast tesla is number 10 with 1.37 trillion dollar valuation hey if you were to combine those two as many people are speculating will happen at some point and you can buy the stock ticker elon that would be a 3.1 trillion dollar company and that would make them the fourth largest company ahead of microsoft they're aiming to raise to about 75 billion which would be the by far the biggest raise ever in an ipo uh expected to go out in june
I think they were trying to hit the 420 date because that would have been even more hilarious, but they're not going to be able to do that. SpaceX recently acquired X.AI for $250 billion. That includes X and Twitter and the XAI, Large Language Model AI company, Starlink, generating between 50% and 80% of SpaceX's revenue.
What are the implications of the SpaceX IPO for the economy?
We'll have all those details shortly. And it'll be close to $20 billion a year, according to reports. Launch of rockets is the other 40% of the business, $5 billion in 2024, according to reports. Total revenue, $20.25, $15 to $16 billion, with $8 billion in profit, according to Reuters. So let's stop there, and we're going to talk about all the other IPOs that could be coming. I think people really want to know, and you may have mentioned this on an earlier episode, what are the chances that Tesla, if this IPO goes well, that Tesla and SpaceX could wind up being the same company we saw there collaborating on a fab? 100% is what you're putting it on? Okay.
Okay, sorry.
What are the expected trends in IPOs for 2026?
Let me be clear. 99.999%. Okay.
What will that mean if those two companies or when those two companies merge?
One of the great... things that happened in my career was there was a point where, you know, how like you grind at a level and then, you know, you just get exposed to things at a different level. And then you grind for years and you get exposed to things at yet another level. In one of those steps, I was very fortunate to be introduced by Thomas Lafont, actually, to the head of Wachtell Lipton. There's a law firm. Law firm. And his name is Ed Herlihy. And he said, this is the most important, well-known, well-run, powerful law firm in America. Then I looked at the transactions and they're just in the middle of everything. And now, you know, my lawyer, Raj Narayan, who does everything for me, one of the senior partners at Wachtell, I can attest are incredible.
And they said to me in the middle of all of this
How is the Iran War affecting global economies and supply chains?
stuff when I was doing a bunch of deals. They said, just get ready to pay a tax. And I said, what does that mean? They said, the way that the American capital markets are set up is both that you can be incredibly creative and do incredible things. But, and we talked about this a little bit last week, there's a bunch of tort that allows folks to hang around the hoop and get paid no matter what. You see this in all IPOs. Shareholder lawsuits abound, and they try to create a class out of it. And the reason they do that is that there's D&O insurance that then will pay out some number of millions of dollars. The attorneys take 40% or 50%, and then these plaintiffs get a few bucks. You saw how egregious this tort manipulation was when this guy with 10 shares sued Elon's comp package at Tesla and won.
And what was that really? That was the trial lawyers trying to get paid hundreds of millions of dollars by exploiting a scene. It was a shakedown.
What are the challenges of the US's involvement in Iran?
Why am I bringing this up? If you take the Raj and Ed example of this, this SpaceX IPO is going to set up a couple of things.
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Chapters
8 chapters
1
What is the main topic discussed in this episode?
0:00–1:30
2
What are the implications of the SpaceX IPO for the economy?
1:30–2:11
3
What are the expected trends in IPOs for 2026?
2:11–3:14
4
How is the Iran War affecting global economies and supply chains?
3:14–4:11
5
What are the challenges of the US's involvement in Iran?
4:11–5:42
6
What are the potential impacts of quantum computing on cryptocurrencies?
5:42–9:51
7
How could space exploration become a new industrial frontier?
9:51–20:10
8
What role does fertilizer play in global food security?
20:10–1:20:18
Speakers
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