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A layman's guide to the SpaceX IPO

2026-06-12 Entertainment
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My First Million
My First Million
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Description

*Get our Business Idea Database:* https://clickhubspot.com/o2kq Episode 833: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) breakdown the biggest IPO of all time. — Show Notes: (0:00) what even is SpaceX (7:11) What even is a trillion dollars? (8:51) Launches explained (9:07) Starlink (14:07) Data centers in space (17:39) Starship (24:46) Grok (28:06) a wonderful business at a silly price? (34:16) the mission (37:51) SBF's $114B fumble (39:04) funny, weird, surprising nuggets from the IPO (42:35) Who's getting rich this week? (51:13) The genius insight of Luke at Gigafund (55:46) Pessimists get to be right, optimists get to be right (59:12) Elon's comp package — Check Out Sam's Stuff: • Hampton (joinhampton.com): My community for founders. Average member does $25m/year. Many of the guests are members. Get after it...apply: http://joinhampton.com/mfm — Check Out Shaan's Stuff: • Shaan's weekly email - https://www.shaanpuri.com • Visit https://www.somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents. • Mercury - Need a bank for your company? Go check out Mercury (mercury.com). Shaan uses it for all of his companies! Mercury is a financial technology company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., and Evolve Bank & Trust, Members FDIC • I run all my newsletters on Beehiiv and you should too + we're giving away $10k to our favorite newsletter, check it out: beehiiv.com/mfm-challenge My First Million is a HubSpot Original Podcast // Brought to you by HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano /

Top Comments (10)

@arlinaai 2026-06-12

Shaan explaining TV to his kids lol. Love you guys.!

12
@IJonJönsson 2026-06-13

Been waiting for a clear breakdown of this one. The way you make big complex stories feel simple is why this is a must listen every week.

6 1 replies
@adityahpatel 2026-06-14

spacex marketcap = • 110 times annual revenue, • ⁠300 times operating cash flow, • ⁠negative pretax income, • ⁠negative free cash flow 🤦‍♂️ ( comparison: apple & google are at under 10 times revenue and Tesla is under 14 times revenue).. Wouldn’t Charlie have shorted this? ( Greenblatt would have certainly.) Fantastic episode wirh Mohnish the other day. Why do fundamentals not matter? why too hard pile? Going charlie way of inversion- whats the strongest counter argument for why this valuation is justified ?

5
@GlynTaylor 2026-06-12

Incredibly well explained

3
@rosiserem 2026-06-12

I may not fully grasp everything but it's always amazing to listen to you guys

3
@malikebers4583 2026-06-12

22 seconds ago is crazy

3
@MyFirstMillionPod 2026-06-12

*Get our Business Idea Database:* https://clickhubspot.com/6d8m

3
@whoami1980 2026-06-12

love Shaan's comment about using this story as inspiration

2
@AIGuerrilla 2026-06-12

AI just essentially just baught my 3600 SQFT house. I literally made 120K in the last 7 months with AI assisted music. The revolution is real!

2
@GeorgePasha-n6t 2026-06-14

This episode is basically Trilly Of The Week

1

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