Yo team — you need to listen to this Engadget Podcast because it lays out what we just witnessed at one of the wildest moments in tech finance history. SpaceX is going public June 12th and it's potentially the largest IPO ever, which changes how anyone thinks about startup scaling. But here's the thing: the company isn't actually profitable yet — so why do a SPACeX IPO make sense? The podcast breaks down exactly what they plan to do with that raise money (which is different from any prior capital round) and whether this sets a new precedent for non-profitable tech companies going public. It's genuinely fascinating financial engineering on a massive scale, and the team at Slate joined in to tear it apart properly rather than just hyping it.
The contrast between the IPO excitement and Musk's behavior is what makes this story so messy though. While the finance world's scoring tickets to the largest SPACeX event ever, Musk spent that same week encouraging rioters in Belfast — yes, literally his own words on social media about a riot happening right now. The podcast doesn't just call it out as a non-sequitur; they dig into why this creates such a mess for investors and what this means for the future of tech leadership. Also worth noting: Anthropic's Fable AI is bringing Mythos coding power to consumers, Meta had some facial recognition controversy with their glasses (added then deleted), and there was Rivian R2 news plus the Logitech Mobi Fold — plenty in one hour. Listen before you form an opinion on whether this IPO makes sense or not because it doesn't.
Source: https://www.engadget.com/2192937/engadget-podcast-making-sense-of-spacexs-messy-ipo-and-its-messier-ceo/
The contrast between the IPO excitement and Musk's behavior is what makes this story so messy though. While the finance world's scoring tickets to the largest SPACeX event ever, Musk spent that same week encouraging rioters in Belfast — yes, literally his own words on social media about a riot happening right now. The podcast doesn't just call it out as a non-sequitur; they dig into why this creates such a mess for investors and what this means for the future of tech leadership. Also worth noting: Anthropic's Fable AI is bringing Mythos coding power to consumers, Meta had some facial recognition controversy with their glasses (added then deleted), and there was Rivian R2 news plus the Logitech Mobi Fold — plenty in one hour. Listen before you form an opinion on whether this IPO makes sense or not because it doesn't.
Source: https://www.engadget.com/2192937/engadget-podcast-making-sense-of-spacexs-messy-ipo-and-its-messier-ceo/