Episode #91: The $1.5 Trillion Question: Why SpaceX's IPO Math Doesn't Add Up
In this episode of the Stewart Squared podcast, host Stewart Alsop and his father Stewart Alsop II dig into the major AI and tech IPOs hitting the market, with SpaceX leading the charge at a controversial $1.5 trillion valuation despite just $20 billion in revenue. They break down how SpaceX's massive S-1 filing (so big it crashed Claude's context window) reveals a company now bundling together Starlink, rocket launches, X (Twitter), and the struggling xAI/Grok business—with key researchers having already jumped ship after getting their SpaceX stock. The conversation covers Anthropic's…
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