The Prof G Pod with Scott Galloway

Podbit · The Prof G Pod with Scott Galloway

What SpaceX's IPO Means for Tech Stocks, and Coping With Panic Attacks

Explore episode Jul 13, 2026

Where this was said

SpaceX IPO: The Numbers Behind the Chaos

At 2:45 · chapter starts 1:22

Galloway methodically walks through SpaceX's IPO numbers, noting the stock priced at $135, opened at $150, and peaked somewhere between $210 and $230 — implying a $2.8 trillion market cap that briefly made it one of the most valuable companies ever listed. The fall from grace came fast: a single trading day saw $400 billion evaporate, the second-largest one-day market cap wipeout in stock market history. By June 26th, shares had settled at $153, with the company's value reduced to about $2 trillion and the stock sitting more than 30% below its peak. Galloway's verdict is calibrated: 'still an enormous success story' because the base was so astronomical. The key contextual point he makes is that the magnitude of dollar losses is a direct function of the magnitude of gains — SpaceX lost $600 billion precisely because it had a $2.5 trillion market cap to begin with. This framing sets up his broader thesis about whether IPO investors and underwriters will grow more cautious.

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