00:00Ed, this story that you wrote along with Bailey Lipschultz, SpaceX said to file confidentially for an IPO ahead of
00:06AI rivals.
00:07What can you tell us about timing? What did you learn?
00:11Yeah, I mean, the main thing and the important point of us confirming via sources that the paperwork is in
00:17is it probably does put SpaceX on track for a June IPO.
00:22There has been lots of reporting about will they or won't they, you know, as a starter gun moment for
00:27the broader IPO window.
00:29But, of course, the mechanics of what they're trying to do, raising $50 billion plus maybe $75 billion at the
00:36high end at a valuation of $1.75 trillion,
00:40it's going to take a very large coalition of bankers and banks to run that book in what will be
00:46the biggest IPO in history on a dollar raise or valuation perspective.
00:50So we've known this was coming, but, you know, it is a big psychological moment for the markets that it's
00:56in and, you know, it sets SpaceX up to execute on the groundwork that they've been putting into place for
01:03a little while now.
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