{"podcast":{"title":"Many Happy Returns","slug":"many-happy-returns-4763217","podcast_index_feed_id":4763217,"rss_url":"https://feeds.captivate.fm/many-happy-returns/","website_url":"https://many-happy-returns.captivate.fm","image_url":"https://artwork.captivate.fm/bdd0c29a-30e9-48e2-9585-8d5a28ac9a94/XW5qEcNck4PBVFx9uWdhHAuD.jpg","author":"PensionCraft","episode_count":227,"summary":"Investing is the best way to build wealth, but comes with risk and uncertainty. Want to grow a portfolio of stocks, bonds, ETFs and more? This is the show to boost your knowledge and build your confidence. Join us on the journey through bull markets, bubbles and crashes. Bring snacks and a steady hand; we're in it for the long haul... Hosted by Ramin Nakisa (YouTube @PensionCraft) and Michael Pugh. Contact us: mhr@pensioncraft.com","last_synced_at":"2026-07-15T22:18:17.522304+00:00","page_url":"https://stenobird.com/podcast/many-happy-returns-4763217"},"episode":{"title":"Space Oddity: Is the Biggest IPO in History a Problem for Index Funds?","slug":"space-oddity-is-the-biggest-ipo-in-history-a-problem-for-index-funds","published_at":"2026-05-27T05:00:00+00:00","page_url":"https://stenobird.com/podcast/many-happy-returns-4763217/space-oddity-is-the-biggest-ipo-in-history-a-problem-for-index-funds","show_page_url":"https://stenobird.com/podcast/many-happy-returns-4763217","url":"https://pensioncraft.com/space-oddity-is-the-biggest-ipo-in-history-a-problem-for-index-funds","audio_url":"https://episodes.captivate.fm/episode/0d16ec2e-37b5-4b7f-8464-6c0877a499ee.mp3","summary":"The largest IPO in history is three weeks away. SpaceX is aiming for a valuation of almost $2 trillion despite reporting massive losses. We ask what happens when our beloved index funds are forced to buy the AI giants, whatever the price? And in the Dumb Question of the Week: Why does an IPO need 23 banks? --- Get in touch 📧 mhr@pensioncraft.com 🎧 many-happy-returns.captivate.fm --- Join PensionCraft 🌐 Become a member at pensioncraft.com ▶️ Subscribe on YouTube --- Disclaimer This podcast is for informational and entertainment purposes and is not financial advice. We do not provide recommendations or endorse any decision to buy, sell or hold any security. We cannot be held responsible for any actions listeners may take and investors are encouraged to seek independent financial advice. Copyright 2026 Many Happy Returns","meta_description":"The largest IPO in history is three weeks away. SpaceX is aiming for a valuation of almost $2 trillion despite reporting massive losses. We ask what happe…","key_points":[],"chapters":[],"topics":[],"duration_seconds":2414,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/many-happy-returns-4763217/episodes/space-oddity-is-the-biggest-ipo-in-history-a-problem-for-index-funds/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/many-happy-returns-4763217/space-oddity-is-the-biggest-ipo-in-history-a-problem-for-index-funds.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}