00:00 Speaker A
Finally, Pras, since we have you, my friend. Uh I want to ask you about a different story, which is SpaceX has filed confidentially for an IPO. This is Bloomberg, citing sources. Could be the biggest ever listing. What do we know?
00:19 Pras
Yeah, I mean, basically, look, it’s potentially eyeing a a $1.75 trillion valuation, right? That’s that’s big, big stuff. Uh, we heard we had knew we had known that they were going to file this as confidentially in the next coming days and it happened today. Uh targeting that June or mid-summer uh sort of uh IPO date, public offering date. Uh and also hearing that there’s going to be potentially two classes of stock, right? Kind of how that’s been the norm these days in Silicon Valley companies is giving the founders like Elon Musk and CEOs a lot more voting power. So that’s one thing. And also we’ve heard about uh expanding the base of of letting more retail investors uh get in on the IPO from what 20 to 30% uh interest there. Usually it’s around 10. So that’s part of that mix too. So sort of uh the SpaceX sort of, you know, this is going to be the biggest IPO ever. Uh it could dwarf the amount of shares on offer could dwarf the last two years of IPOs, right? So this is a a massive, massive listing. And for Musk, it’s sort of the culmination of where he wants to be as an entrepreneur, space, EVs, tunnels, etc.
01:31 Speaker A
All right, Pras, thank you, buddy.