Chapter 1: What is the main topic discussed in this episode?
We have a massive show. There's so much tech news. People said the technology industry, they were out of news. They weren't. There's plenty of tech news. They lied to you. All over the Wall Street Journal, AI companies are duking it out for prime placement in the journal. SpaceX got top billing in the journal with the IPO filing. SpaceX sets its IPO in motion. The SEC filing starts today.
move to raise tens of billions of dollars in record debut. We've talked about this a lot on the show. Clock is officially ticking on SpaceX's huge stock offering. What are you laughing at?
Ryan says, I knew Jordy was going to do this two days in a row. Did I not do it two days in a row?
Nope. Haven't done two days in a row in months.
Chapter 2: What major news does SpaceX have regarding its IPO?
We can roll the tape. I mean, after reading that piece about us, I feel like some brand differentiation is actually to our benefit, since some people can't tell us apart. And so I've become a fan of the split. Of casual Friday, Thursday? Yeah, of just a casual look over there, more buttoned down, buttoned up, buttoned left and right over here.
Somebody's got to be buttoned up.
Someone's got to do it. SpaceX on Wednesday revealed new details about its financials and how Chief Executive Officer Elon Musk will try to grow a sprawling enterprise dedicated to advancing cutting-edge technologies in space and back on Earth.
Chapter 3: How is SpaceX planning to raise funds through its IPO?
The company disclosed the information in an investor prospectus. Publication of the document sets SpaceX on course to potentially raise $80 billion or more from a stock sale as soon as next month. The rumored date is what? June? July?
June.
Was it June 12th? June 12th? That's just 20 days away basically. They're going to beat out Saudi Aramco that raised $26 billion when it went public in 2019. Musk has touted out of this world objectives for the company from deploying a huge number of artificial intelligence satellites in the future to colonizing Mars.
Texas-based SpaceX has distinct businesses ranging from rocket launch to satellite operations to a nascent AI unit that is racing to catch up with rivals founded by Musk nearly a quarter century ago. Yeah, it has been a long time. SpaceX revolutionized the commercial space industry.
The company has grown from a startup with a handful of employees that almost went out of business to one of the world's most valuable private companies with over 22,000 workers as of March 31st. It controls technologies that competitors and even nation states haven't been able to fully match. SpaceX reported its revenue last year at $18.67 billion.
And Dan Primack had a post saying that the business was smaller than he expected. He's going on CNBC today to talk about the IPO. Has had a couple interesting takes. People are going back and forth. Overall, the reception has been the S1 is an extremely enjoyable read. Kevin Kwok says it's the most enjoyable S1 read in a long time. Reads so easy like sci-fi or fiction. And...
It's kind of the perfect post. Or just regular fiction. Because if you're pro-tech, you like space, you're excited about space, that could be a positive. Yes. But if you're a bear, you can say it reads almost like science fiction. Of course, the best TAM slide ever...
Probably the best TAM slide ever. Sawyer Merritt has the screenshot here. SpaceX and IPO filing. We believe we have identified the largest actionable total addressable market in human history. We estimate that our quantifiable TAM is $28.5 trillion, consisting of...
$370 billion in space from space-enabled solutions, $1.6 trillion in connectivity across $870 billion in Starlink broadband, and $740 billion in Starlink mobile, as well as additional opportunities in enterprise and government.
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