Episode
The SpaceX IPO Wasn't for You (and that's actually fine) SB1858
- Podcast
- The Stacking Benjamins Show
- Published
- Jun 22, 2026
- Duration seconds
- 4067
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Summary
SpaceX raised $75 billion in the largest IPO in history -- more than all 71 other IPOs combined so far this year. Shares jumped nearly 20% on day one. Elon Musk became the world's first trillionaire. And if you're a regular investor asking whether you missed out, Joe and OG have a very specific answer: the life-changing money was already gone before the ticker symbol appeared. Here's how IPOs actually work, who really wins, and why your index fund is probably going to own SpaceX anyway. What You'll Walk Away With Why the 20% first-day pop was largely an illusion for retail investors -- and what actually happened to the price between $135 and the moment you could buy it The auction mechanics behind IPO pricing: why institutional investors with early access capture most of the return before the stock hits public markets Why OG argues that even putting a million dollars into SpaceX at the IPO price and making 20% isn't life-changing -- and why that math actually makes the risk harder to justify, not easier The sobering stat: 71 other IPOs happened this year before SpaceX, raising a combined $36 billion between them How SpaceX could still end up in your portfolio without you doing anything -- and which indexes will add it faster than others under new fast-entry provisions Why S&P 500 investors will have to wait: the three criteria any company must meet before joining, and why SpaceX's profitability timeline makes one of them complicated The six new space-themed ETFs Wall Street created in the past three months -- and what that pattern always signals OG on why the person who got rich on SpaceX put money in before you knew it existed, and why you wouldn't have done it either Why being wrong on a small speculative position might be the most valuable financial education av…