# SpaceX’s 40% Rally Explained | Inside Apollo’s £5.7bn EasyJet Deal

Page: https://stenobird.com/podcast/market-maker-3553881/spacex-s-40-rally-explained-inside-apollo-s-5-7bn-easyjet-deal
Text version: https://stenobird.com/podcast/market-maker-3553881/spacex-s-40-rally-explained-inside-apollo-s-5-7bn-easyjet-deal.md
Podcast: [Market Maker](https://stenobird.com/podcast/market-maker-3553881)
Published: 2026-08-17T05:00:00+00:00
Episode link: https://podcasters.spotify.com/pod/show/amplify-me/episodes/SpaceXs-40-Rally-Explained--Inside-Apollos-5-7bn-EasyJet-Deal-e3nd988
Audio file: https://traffic.megaphone.fm/APO5389244176.mp3
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JSON: https://stenobird.com/v1/public/podcasts/market-maker-3553881/episodes/spacex-s-40-rally-explained-inside-apollo-s-5-7bn-easyjet-deal
Duration seconds: 2762

## Resource

SpaceX shares have surged nearly 40% from their recent lows, despite fears that its unusual staggered lock-up structure would unleash a wave of selling. So what actually happened? Anthony Cheung and Stephen Barnett break down how IPO lock-ups work, why SpaceX’s tiny public float matters and how retail buying, index funds and a potential short squeeze helped drive the rebound. We also return to EasyJet following Apollo’s £5.7 billion takeover, unpacking the private equity financing behind the deal, before looking at Cambridge Aerospace — the two-year-old UK defence technology company now valued at more than $3 billion. A packed episode covering IPOs, private equity, debt financing, defence technology and some of the biggest stories moving markets. (00:00) What’s Coming Up (04:21) Why SpaceX Stock Surged (05:27) Staggered Lock-Ups Explained (12:36) Why Investors Bought the Dip (15:45) The SpaceX Short Squeeze (17:24) The Elon factor (21:10) The Success of Staggered Lock-Ups (23:12) Can SpaceX Justify Its Valuation? (24:55) Apollo’s £5.7bn EasyJet Deal (29:21) How Private Equity Funds a Takeover (36:37) Apollo’s Plan for EasyJet (40:00) The UK’s $3bn Defence Startup (44:53) Coming Next: Boeing Deep Dive

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## Transcript

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