EPISODE · May 26, 2026 · 1H 1M
I Read the 308-Page SpaceX S-1 So You Don’t Have To
from trading places · host Practical Venture Capital
Aman read all 308 pages of the SpaceX S-1 so you don't have to. This week we break down every major number, surprise, and buried Easter egg in the filing — plus the biggest IPO week in recent memory across the AI holy trinity.SpaceX is pricing around June 12 and could open at a $2T+ valuation. We walk through all three business segments (Connectivity, Space, AI), the $28.5 trillion TAM claim, Elon's compensation plan that pays out $583B if he colonizes Mars, the unusual staggered lock-up structure, and the two breadcrumbs in the S-1 that suggest a SpaceX-Tesla merger could be coming.We also cover Anthropic's monster quarter ($10.9B in Q2 revenue, profitable, raising at $900B), OpenAI rushing to beat them to IPO after winning the Musk lawsuit, NVIDIA's $81B print growing 85% YoY, Mercury's $200M Series D at $5.2B, the US government taking equity stakes in quantum companies, and Nasdaq Private Markets suing Hiive over secondary market plumbing.A lot happened this week.00:43 - [ tech news and vc ]08:04 - Anthropic profitable, $900B looks cheap 🤯13:38 - OpenAI rushes to IPO after courtroom win 🏃♂️➡️17:53 - NVIDIA $82B print $80B buyback 💰🫲22:20 - Mercury $200M Series D @ $5.2B 🏦25:35 - US Govt = Quantum VC ⚛️29:05 - NPM sues Hiive over 2ndry plumbing 🪠30:58 - [ val corner: 308 page SpaceX S-1 ] 31:06 - SpaceX S-1 highlights 📸🔦35:56 - $28T TAM includes Martians 🌎🌍🌏🌖✨37:00 - 3 core biz units: Connectivity, Space, AI 3️⃣47:05 - SpaceX-Tesla merger? 🤔50:10 - board members revealed 👤53:48 - unusual staggered lock-up period 🔐1:01:00 - Dave sings a whole new Mars 🎶[ links ][ invest = https://practicalvc.com ][ trading places socials = www.linktr.ee/tradingplacespod ][ aman verjee = https://www.linkedin.com/in/aman-verjee | https://x.com/amanverjee ][ dave mcclure = https://www.linkedin.com/in/davemcclure | https://x.com/davemcclure ]Thank you for watching#spacexs1 #spacexipo #spacex #secondaries #venturecapital
What this episode covers
Aman read all 308 pages of the SpaceX S-1 so you don't have to. This week we break down every major number, surprise, and buried Easter egg in the filing — plus the biggest IPO week in recent memory across the AI holy trinity.SpaceX is pricing around June 12 and could open at a $2T+ valuation. We walk through all three business segments (Connectivity, Space, AI), the $28.5 trillion TAM claim, Elon's compensation plan that pays out $583B if he colonizes Mars, the unusual staggered lock-up structure, and the two breadcrumbs in the S-1 that suggest a SpaceX-Tesla merger could be coming.We also cover Anthropic's monster quarter ($10.9B in Q2 revenue, profitable, raising at $900B), OpenAI rushing to beat them to IPO after winning the Musk lawsuit, NVIDIA's $81B print growing 85% YoY, Mercury's $200M Series D at $5.2B, the US government taking equity stakes in quantum companies, and Nasdaq Private Markets suing Hiive over secondary market plumbing.A lot happened this week.00:43 - [ tech news and vc ]08:04 - Anthropic profitable, $900B looks cheap 🤯13:38 - OpenAI rushes to IPO after courtroom win 🏃♂️➡️17:53 - NVIDIA $82B print $80B buyback 💰🫲22:20 - Mercury $200M Series D @ $5.2B 🏦25:35 - US Govt = Quantum VC ⚛️29:05 - NPM sues Hiive over 2ndry plumbing 🪠30:58 - [ val corner: 308 page SpaceX S-1 ] 31:06 - SpaceX S-1 highlights 📸🔦35:56 - $28T TAM includes Martians 🌎🌍🌏🌖✨37:00 - 3 core biz units: Connectivity, Space, AI 3️⃣47:05 - SpaceX-Tesla merger? 🤔50:10 - board members revealed 👤53:48 - unusual staggered lock-up period 🔐1:01:00 - Dave sings a whole new Mars 🎶[ links ][ invest = https://practicalvc.com ][ trading places socials = www.linktr.ee/tradingplacespod ][ aman verjee = https://www.linkedin.com/in/aman-verjee | https://x.com/amanverjee ][ dave mcclure = https://www.linkedin.com/in/davemcclure | https://x.com/davemcclure ]Thank you for watching#spacexs1 #spacexipo #spacex #secondaries #venturecapital
NOW PLAYING
I Read the 308-Page SpaceX S-1 So You Don’t Have To
No transcript for this episode yet
Similar Episodes
No similar episodes found.
Similar Podcasts
No similar podcasts found.