Joined March 2021
- Tweets 1,473
- Following 69
- Followers 6,428
- Likes 575
714 Photos and videos
Pinned Tweet
Jun 12
LIVE TODAY: SpaceX IPO Real-Time Reactions
Join @profgalloway and @edels0n at 12 p.m. ET today.
LINK BELOW.
Musk’s SpaceX is scheduled to make its public debut on the Nasdaq today. The company aims to raise $75 billion in its initial public offering — which, if successful, will set the record for the largest IPO in history.
Nothing about this IPO is conventional, from the retail investor allocation (30%) to the $1.77 trillion valuation (94x trailing sales).
We’re in uncharted waters.
Prof G members are invited to join Ed Elson and Scott Galloway today at 12 p.m. ET for an exclusive livestream.
We’ll break down the first few hours of trading activity, and offer our real-time reactions on the market implications as it all happens.
Paid subscribers get access to the livestream, only on Substack. Don’t miss it.
🔗👇
1
5
6,903
Jun 12
LIVE SpaceX IPO reaction and revealing detail...
Retail investors may struggle to sell their SPCX shares as brokerage platforms disincentivizing selling
2
628
Jun 12
Regarding those that celebrate Elon/trillionaire chat....thoughts?
7
3
25
25,119
Jun 12
BIG ep today with none other than @HowardMarksBook
Jun 12
'The IPO Frenzy Has Begun — ft. Howard Marks'
Ed Elson and Scott Galloway are joined by Howard Marks to discuss whether the IPOs from SpaceX, Anthropic and OpenAI are legitimate investments or signs of irrational exuberance.
They explore how investors should think about the enormous uncertainty of AI, where opportunities still exist in an increasingly expensive market, and whether fears about private credit are overblown or warranted.
Ep👇
1
530
Jun 12
Jun 11
BREAKING: Jim Cramer says that SpaceX could soar to unsustainable levels after its debut
6
763
Jun 12
This is absolutely insane:
The SpaceX IPO has now drawn more than $70 BILLION worth of retail orders alone.
SpaceX is raising $75 billion, making retail interest ALONE enough to nearly fill the entire sale.
To put this in perspective, the previous record IPO was Saudi Aramco in 2020 at $29.4 billion.
This means that retail interest in SpaceX is now 2.4 TIMES larger than the total amount raised in the previous largest IPO in history.
As a result, SpaceX has announced that 20% of their IPO will be allocated to retail investors, following through on @elonmusk's vision to democratize the record IPO.
Nothing even remotely near what SpaceX is about to do has ever happened.
Friday will be a historic day.
1
1
6
1,017
Jun 12
'The IPO Frenzy Has Begun — ft. Howard Marks'
Ed Elson and Scott Galloway are joined by Howard Marks to discuss whether the IPOs from SpaceX, Anthropic and OpenAI are legitimate investments or signs of irrational exuberance.
They explore how investors should think about the enormous uncertainty of AI, where opportunities still exist in an increasingly expensive market, and whether fears about private credit are overblown or warranted.
Ep👇
1
3
4,854
Jun 12
🔗
Apple: links.profgmedia.com/48IKZvK
Spotify: links.profgmedia.com/4tiKqjI
Youtube: links.profgmedia.com/4ur48ur
--
3
490
Jun 11
Ed, from today's episode:
"Apple has finally shown up to the AI race, but it might be too little, too late. At its Worldwide Developers Conference on Monday, the company unveiled Siri AI.
The updated assistant will be powered by Google's Gemini. However, Siri AI has no firm release date and it won't be available in the EU or China.
...Apple comes out with this AI product that was supposed to inspire confidence in investors and the stock has shed more than 7% of its value."
4
693
Jun 11
From today's episode with @gilluria:
"Elon has this trick that he plays. I've been following Elon Musk companies for more than a decade, and they rarely trade on the same valuation metrics as other companies.
Elon has this trick that he plays. He has the business that he has today, the business that's on the come, and then the big dream business.
For Tesla, the business he has today is selling cars. The business that's on the come is Robotaxi, and then down the line there's Optimus robots."
4
28
4,230
Jun 11
Ed, on today's show:
"Do not buy this stock. SpaceX is going public at a $1.77 trillion valuation, which makes it the largest IPO of all time.
My final message before the stock starts trading publicly: do not buy this IPO. The company is dramatically overvalued, and not only that, this is a rigged game, and the game is not rigged in your favor.
Here's my prediction for what will happen as soon as it hits the market"...👇
33
49
361
24,591
Jun 11
Jun 11
'SpaceX Goes Public Tomorrow — Look Out Below'
Ed Elson is joined by Gil Luria to discuss what the blockbuster SpaceX IPO means for markets.
Then, Mark Zandi breaks down the hottest inflation print in three years. Later, Alex Heath unpacks the biggest announcements from Apple's WWDC and why investors were underwhelmed.
Finally, Ed shares his final message to listeners ahead of the SpaceX IPO.
Ep👇
2
4
2,247
Jun 11
'SpaceX Goes Public Tomorrow — Look Out Below'
Ed Elson is joined by Gil Luria to discuss what the blockbuster SpaceX IPO means for markets.
Then, Mark Zandi breaks down the hottest inflation print in three years. Later, Alex Heath unpacks the biggest announcements from Apple's WWDC and why investors were underwhelmed.
Finally, Ed shares his final message to listeners ahead of the SpaceX IPO.
Ep👇
2
2
6
5,686
Jun 11
🔗
Apple: links.profgmedia.com/48IKZvK
Spotify: links.profgmedia.com/4tiKqjI
Youtube: links.profgmedia.com/4ur48ur
--
1
2
662
Jun 11
Sarah Friar rn:
Jun 11
OpenAI is considering drastic price cuts as it seeks to win over customers from archrival Anthropic on.wsj.com/4aldd0k
1
1
12
2,994
Jun 11
Is this replacing young peoples drinking? From today's show:
Ed: "Young people aren't really drinking anymore, these more sober, curious event gatherings. And I wonder if these lines, if that's part of it, an opportunity to kind of get together."
@AllisonSchrager "I once interviewed the CEO of Cinnabon..She said when people drink less, sugar becomes sort of their, their vice...And also it's the socialization. It is forcing you to have this in-person experience.
2
1
5
3,446
Jun 10
From today's show 'How Influencers Hijacked The Consumer Economy':
"People used to wait in line for nightclubs, now the wait in lines for bagels" @AllisonSchrager
3
7
8,952
Jun 10
Business dominating on social media right now and what Founders should take away:
1
308