# The $1.75 Trillion SpaceX IPO Will Test This Rally with Liz Thomas and Bill Capuzzi, CEO of Apex Page: https://stenobird.com/podcast/riskreversal-pod-1366742/the-1-75-trillion-spacex-ipo-will-test-this-rally-with-liz-thomas-and-bill-capuzzi-ceo-of-apex Text version: https://stenobird.com/podcast/riskreversal-pod-1366742/the-1-75-trillion-spacex-ipo-will-test-this-rally-with-liz-thomas-and-bill-capuzzi-ceo-of-apex.md Podcast: [RiskReversal Pod](https://stenobird.com/podcast/riskreversal-pod-1366742) Published: 2026-06-12T09:00:00+00:00 Episode link: https://traffic.megaphone.fm/RRM2311799319.mp3 Audio file: https://traffic.megaphone.fm/RRM2311799319.mp3 Processing state: not_requested JSON: https://stenobird.com/v1/public/podcasts/riskreversal-pod-1366742/episodes/the-1-75-trillion-spacex-ipo-will-test-this-rally-with-liz-thomas-and-bill-capuzzi-ceo-of-apex Duration seconds: 3261 ## Resource Apex Fintech Solutions provides the tools and services that enable hundreds of clients to launch, scale, and support digital investing for tens of millions of end investors. The company provides essential infrastructure and a comprehensive ecosystem of cloud-based products to enable and streamline trading, wealth management, cost basis, tax reporting, and, through its subsidiary Apex Clearing™, custody and clearing. LEARN MORE: https://apexfintechsolutions.com/?utm_source=Risk+Reversal&utm_medium=Podcast&utm_campaign=701PJ00000fnXhaYAE Read Apex Investor Pulse: https://apexfintechsolutions.com/library/investor-pulse-research-report-2026-may/ With the year's most anticipated IPO set to price, Guy Adami and Liz Thomas break down what a $1.75 trillion debut means for the broader market — the tiny 5% float, Elon Musk setting his own price, the wave of retail demand, and why it's likely to break its IPO price right out of the gate. They also look ahead to Kevin Warsh's first meeting as Fed chair and what this moment signals for Anthropic, OpenAI, and the next wave of mega-cap listings. After the break, Guy & Dan sit down with Apex Fintech Solutions CEO Bill Capuzzi on where retail money is actually rotating, the takeaways from Apex's latest Investor Pulse report, and the under-the-radar clearing and capital risks building behind the scenes as the IPO hits. —FOLLOW USYouTube: @RiskReversalMediaInstagram: @riskreversalmediaTwitter: @RiskReversalLinkedIn: RiskReversal Media The financial opinions expressed in Risk Reversal content are for information purposes only. The opinions expressed by the hosts and participants are not an attempt to influence specific trading behavior, investments, or strategies. Past performance does not necessarily predict future outcomes. No s… ## Actions - request_transcript: `POST https://stenobird.com/v1/public/podcasts/riskreversal-pod-1366742/episodes/the-1-75-trillion-spacex-ipo-will-test-this-rally-with-liz-thomas-and-bill-capuzzi-ceo-of-apex/transcription-requests` — Idempotently request low-priority transcript generation for this episode. - read_markdown: `GET https://stenobird.com/podcast/riskreversal-pod-1366742/the-1-75-trillion-spacex-ipo-will-test-this-rally-with-liz-thomas-and-bill-capuzzi-ceo-of-apex.md` — Read the agent-friendly Markdown representation of this episode resource. A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed. ## Transcript Full transcripts are not published on public pages unless there is a clear rights basis.