Ep. 128 SpaceX Goes Public

SpaceX goes public and instantly rewrites the IPO record book, raising huge money and surging in early trading. We break down what that price is really saying, why Wall Street treats SpaceX like a platform business, and how to think about valuation when a company aims to change the world. 
• The headline IPO details and what the early price action signals 
• The core question behind the hype: what SpaceX is actually worth 
• A simple PE ratio explanation and why professionals use it 
• What investors are betting on with Starlink and reusable rockets 
• Why lunar missions and Mars matter to the valuation story 
• How AI and data infrastructure fit into the platform thesis 
• Post IPO emotions, FOMO, and what market history can teach 
• The bigger lesson about vision, innovation, and long term wealth building 
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Transcript

Welcome And Big Wins Theme

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Welcome to the Go Big With Gibb podcast, where we talk to professionals, business owners, and entrepreneurs about their big wins. Welcome back to Go Big With Gibb.

SpaceX IPO Numbers And First Trades

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Today we're talking about one of the biggest events in financial history, the SpaceX IPO. On Friday, June 12th, SpaceX officially went public under the ticker symbol SPCX. The company priced its shares at $135 and raised approximately $75 billion in what became the largest IPO ever. The offering valued SpaceX at roughly $1.77 trillion right out the gate. Let that sink in. A company that started with a goal of making humanity a multiplanet species is now worth more than most countries' entire stock markets. And investors didn't waste any time. The stock opened above its IPO price and immediately took off. Within days, shares traded as high as $225. As of June 17th, the stock sits around $201 per share. It's nearly a 50% gain from the IPO price in less than

Is SpaceX Worth $1.77T

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a week. So the question everyone is asking is simple. Is SpaceX really worth that much money?

PE Ratio Explained In Plain English

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To answer that, we need to talk about the valuation. Many investors focus on the price of a stock. Professionals focus on what they're paying for the business behind the stock. One of the most common measurements is called the price to earnings ratio or PE ratio. Here's the simple version. Imagine a company earns $1 per share each year. If investors are willing to pay $20 for that share, the PE ratio is $20. If investors are willing to pay $100 for that same dollar of earnings, the PE ratio is $100. The higher the PE ratio, the more future growth investors are expecting. And that's exactly what's happening with SpaceX. Investors aren't buying SpaceX for what it earns today. They're buying what they think it can become tomorrow. They're betting on Starlink. They're betting on reusable rockets. They're betting on lunar missions. They're betting on Mars. And increasingly they're betting on artificial intelligence and data infrastructure

What Wall Street Thinks SpaceX Becomes

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as well. In other words, Wall Street isn't valuing SpaceX as a rocket company. It's valuing SpaceX as a platform company with multiple trillion dollar

FOMO Hype And The Amazon Pattern

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opportunities. Now, whenever a stock surges this quickly after an IPO, emotions can run high. Some investors look at the move and say, I missed it. Others look at it and say, this is only the beginning. The truth is, nobody knows, but history teaches us something important. The biggest winners in the market often look expensive before they become even more expensive. Think about Amazon, think about Tesla, think about NVIDIA. Each of those companies looked outrageously expensive at various points in their history, yet they continue to create enormous wealth for long-term investors. That doesn't mean SpaceX will follow the same path. It simply means that valuation alone rarely tells the whole story when a company is changing

Vision Innovation And Closing Advice

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the world. For me, the real lesson isn't about rockets, it's about vision. The market rewards businesses that solve massive problems and pursue massive opportunities. Elon Musk and SpaceX has spent more than two decades building technology that many people thought was impossible. Today, public investors finally have a seat at the table. Whether the stock goes to 300 or back to 135, one thing is clear. SpaceX has captured the imagination of investors around the world. And when innovation, vision, and capital all come together, extraordinary things can happen. That's all for today. Keep thinking bigger, keep investing in yourself, and as always, go big. If you haven't already, go follow us on social media at GibIrs. We'll see you next time.