The Cult of the Ultra-Wealthy with Ed Elson
SpaceX's proposed IPO valuation of nearly $2 trillion—later scaled down to $1.75 trillion—defies basic financial logic, with the company losing $5 billion last year and revenues growing just 15% while losses exploded by 700%. Despite this, Wall Street banks like Goldman Sachs, JP Morgan, an
Sign up to read the full summary
Free AI-powered recaps of every episode, delivered to your inbox.
Free forever for up to 3 podcasts. No credit card required.
Guest
Ed Elson
conversational on Better Offline
Mentions
Books, people, and resources mentioned in this episode.
People
Companies
Topics
Listen to This Episode
More from Better Offline
The Enshittifinancial Crisis: Part One
The Enshittifinancial Crisis: Part Two
The Insanity of the Markets with Ben & Emil
Monologue: Silicon Valley is A Cargo Cult
Part Two: NVIDIA Isn't Enron - So What Is It?
Trashfuture x Better Offline: Goosed In The Shell
Related episodes
From other shows on similar topics.
A Strange Voyage
Search Engine
The most simplified breakdown of the SpaceX IPO on the internet
My First Million
Kara Swisher: The Tech Bros Should Just Shut Up
The Bulwark Podcast
SpaceX Files for Historic IPO & Dating Apps Pivot to IRL Events
Morning Brew Daily
6/15/26: Anthropic Model Banned, AI Crash Incoming, Eric Trump UFC Scandal, WH Panic Over Situation Room Leak
Breaking Points with Krystal and Saagar
SpaceX-Cursor Deal, SaaS Debt Bomb, New Apple CEO, SPLC Indictment, Colon Cancer Spike
All-In with Chamath, Jason, Sacks & Friedberg
Get summaries like this every morning.
Free AI-powered recaps of Better Offline and your other favorite podcasts, delivered to your inbox.
Free forever for up to 3 podcasts. No credit card required.