SpaceX founded 2002 — 24 years ago
SpaceX was founded in 2002, meaning employees who stuck through the early years of failures endured up to 24 years before seeing their equity pay off.
Snapshot · 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 19:28 · 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. [1] — Patrick Bet-David "Roughly 33 non-executive, non-managerial SpaceX employees are each expected to receive between $200 and $400 million from the SpaceX IPO. T…" 01:00 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. [2] — Adam Sosnick "The average investor loses 21% trying to get into an IPO because retail is typically the exit for institutional capital. Adam Sosnick's adv…" 17:15
Retail demand $70B for SpaceX IPO
Retail investor demand alone for the SpaceX IPO reached $70 billion — nearly enough to fill the entire $75 billion offering.
SpaceX IPO raising $75B vs Aramco's $29.4B
SpaceX's IPO is raising $75 billion — nearly 3x the previous record of $29.4 billion set by Saudi Aramco in 2020.
Should You Buy the SpaceX IPO? Adam Sosnick's Advice
The average investor loses 21% trying to get into an IPO because retail is typically the exit for institutional capital. Adam Sosnick's advice: don't chase the IPO hype. Wait 6–12 months, let the dust settle, and remember that the only proven path to stock market wealth is buy and hold.
Elon's Early Years: Failures, Doubt, and Near-Bankruptcy
The first three Falcon 1 launches failed. By 2008, SpaceX was nearly out of money, and Musk said both Tesla and SpaceX were simultaneously on the verge of collapse. The people who stayed through all of it are now some of the richest non-executives in history.
Karmelo Anthony sentenced to 35 years
Karmelo Anthony was sentenced to 35 years in prison for the murder of Austin Metcalf at a track meet, with a minimum of 17 years before parole eligibility.
Karmelo Anthony Verdict: A Jury of His Peers Found Him Guilty
Karmelo Anthony was sentenced to 35 years for the murder of Austin Metcalf. The jury was not all white — it included Asians and Middle Easterners. Anthony brought a knife to a track meet, entered a tent where he wasn't supposed to be, and the ensuing confrontation became a murder.
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