PBD Podcast

Podbit · PBD Podcast

SpaceX IPO, Epstein Shocker & Austin Metcalf vs Karmelo Anthony’s Parents | PBD #817

Explore episode Jun 12, 2026

Where this was said

SpaceX IPO Deep Dive: 4,400 Millionaires, One Trillionaire

At 21:38 · chapter starts 14:50

Patrick reads the story of Trevor Heiss, who ignored his parents' advice to work at GE and stayed at SpaceX, building 100,000 shares now worth $13.5 million. Tom Ellsworth delivers the big-picture numbers: $75 billion raised (nearly 3x Saudi Aramco's 2020 record), $70 billion in retail demand alone, and Elon Musk crossing $1 trillion in net worth at $141.50 per share. Tom frames the achievement as especially meaningful because Musk built the company himself despite relentless skepticism — contrasting 'the ATM of Earth' of inherited wealth with earned entrepreneurship. Vinnie Oshana is visibly moved, recalling Musk's famous interview where he cried as astronauts doubted him. PBD then pivots to equity as a life philosophy, asking viewers to imagine the employees who left SpaceX for Google or Facebook. Adam Sosnick rounds out the segment with practical retail investor advice: the average IPO buyer loses 21%, so wait 6–12 months and buy and hold.

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