🚀 SpaceX IPO Liftoff | Diet TBPN

TL;DR

• 1

  SpaceX's first day looked disciplined, not manic: Priced at $135 and trading around $167 to $172 during the show, the stock was up roughly 24% to 27%, which the hosts framed as the sweet spot Bill Gurley likes for a successful IPO.

• 2

  Gwen Shotwell stole the show with receipts: At Nasdaq she rattled off Falcon 1 in 2008, Falcon 9 two years later, 165 launches last year, and said more than half of SpaceX's 22,000 employees bought extra shares in the offering for nearly $1 billion total.

• 3

  Shotwell's personal story is central to the SpaceX myth: She almost turned Elon Musk down in 2002, then realized on an LA freeway that trying the risky thing mattered more than playing it safe, a decision that turned the seventh employee into an $86 million compensation story last year.

• 4

  The old Musk testimony looks prophetic in hindsight: The hosts revisit a 2004 Senate hearing where Musk, then an outsider with no launches, argued NASA should be a customer not a competitor and called recent human spaceflight a 'dark age,' a view they say history vindicated.

• 5

  Scarcity was real despite gossip about easy allocations: Even people asking for 20, 50, or 100 shares reportedly got tiny fills, with one host receiving just 22 shares and others getting one share, suggesting demand overwhelmed supply.

• 6

  The show stayed very TBPN: Alongside the SpaceX analysis, they veered into Peter Thiel losing on Chess.com, a fake-looking Uber-driver stock tip text, Apple insisting Siri will not be your AI girlfriend, and a long bit about choosing the dog walker over the dentist.