Exposing the SpaceX IPO.

Exposing the SpaceX IPO.

Opinions

HOOD (stock, NASDAQ)

The company may be cut out of the SpaceX IPO allocation, which is a negative development for its business model of providing IPO access to retail investors.

SOFI (stock, NASDAQ)

The company may be cut out of the SpaceX IPO allocation, which is a negative development for its business model of providing IPO access to retail investors.

MS (stock, NYSE)

The company is a major proponent of Elon Musk and is frequently involved in his lucrative underwriting deals (X, XAI, SpaceX), which is positive for its investment banking business.

SpaceX (stock, Private (Pre-IPO))

Speaker has concerns about the expected IPO valuation being 5x a previous high valuation, calling it 'crazy' and worrying about dilution.

TSLA (stock, NASDAQ)

This is a reported opinion from Morgan Stanley, which writes 'bullish research pieces on Tesla FSD, robo taxi, Optimus'.

Topics

Role of Retail Investors in IPOs

Exclusion of Robin Hood and SoFi from IPO allocation

IPO Underwriting Process

Elon Musk's Capital Needs for Other Ventures (Tesla, XAI)

Role of Morgan Stanley in Elon Musk's Deals