Episode Details

SpaceX’s stock just dipped below its IPO price—after briefly soaring to a jaw-dropping $3.6 trillion valuation, fueled by Elon Musk’s Mars dreams and space data centers. But the real engine? Starlink, now the world’s fastest-growing telecom company and driving two-thirds of SpaceX’s revenue. Its value also rides on the AI boom, making its future tied to tech’s next big wave. Musk’s polarizing persona and controversial online antics turn every SpaceX move into politics, even attracting investors like Gina Rinehart. And with only a sliver of shares available to the public—and Nasdaq 100 inclusion forcing index funds to buy in—the stock’s wild ride is partly engineered by market mechanics. It’s a volatile mix: real tech, speculative dreams, and a founder who makes headlines whether he’s launching rockets or tweeting about breakfast.

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