036 | The SpaceX IPO: Why We're Not Buying the Hype
This episode looks at whether buying into a hyped-up IPO is actually a smart move, using the SpaceX public offering as the case study. We break down how a company can carry a trillion-dollar-plus valuation while never having turned a profit, and what that gap between price and reality really tells you. Then we get into the historical data on IPOs, which paints a very different picture than the day-one headlines do. If you've ever felt the pull to line up for a buzzy new stock, this one explains why the math usually works against you and what a calmer approach looks like instead.
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