00:00And now some breaking news crossing the wire. This involving Elon Musk's SpaceX company. We're now learning, based on people
00:06familiar with the situation, that SpaceX is targeting a filing, is targeting filing confidentially for an IPO as soon as
00:15next month. On that byline, Ryan Gould, Keel Porter, Eric Johnson, and look at this, Bailey Lipschultz, who's sitting right
00:21to my left. So, Bailey, we're just going to turn this to you. This is probably one of the most
00:25awaited IPOs. What do we know?
00:27One of the most awaited IPOs of all time, easily. Right now, we were reporting that a confidential filing, as
00:32you mentioned, as soon as March, which, if you look at the calendar, is Monday. And the big view when
00:37you look at that, that starts the clock for the back and forth with the SEC. That could keep the
00:41rocket maker on track to go public as soon as, call it, mid to late June, which has been something
00:47the company has been targeting for quite some time.
00:49It would also open the door for the company to beat out OpenAI and Anthropic to going public. Also want
00:55to call out some of our reporting. They could seek a valuation north of $1.75 trillion.
01:00After the tie-up between SpaceX and XAI, they assigned that evaluation of $1.25 trillion. So, that would be
01:07quite a bump and would automatically be, at least when you look at the S&P 500, the sixth largest
01:12company.
01:12This also gets to this idea, though, too. I mean, this is a mega IPO. And I mean, you know,
01:17there were a lot of talk as to just how the market would digest this.
01:21And then, of course, you mentioned, OK, if we get OpenAI, Anthropic, some of these other effectively trillion-dollar companies,
01:27if you will, if you believe some of the private market valuations, can the market digest this?
01:30Yeah, we put out a story on Tuesday that there's plenty of capital there. Investors would obviously have to sell
01:35their current holdings.
01:35That's something that we saw with Alibaba talking to a number of bankers who worked on that deal.
01:39They were on the phone with portfolio managers who were like, all right, I need to sell down a stake
01:43of Starbucks to create the capacity to buy this.
01:46So, when I talk to bankers, there's no concern about the ability to have people cut checks that fulfill a
01:51$50 billion-plus IPO.
01:53The big question is, what are the knock-on effects? Does it create a vacuum? Is anyone else going to
01:57try to go public in June if Elon Musk is out there marketing this deal?
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