SpaceX IPO Gigastream

**Jordi Hays** (0:00)
You're watching TBPN.

**John Coogan** (0:02)
Today's Friday, June 12th, 2026
We're live from the TBPN. I'll be down at the Temple of Technology, the Fortune Finance, the Capital of Capital. Let's tell you about ramp.com. Time is money, save both. Easy to use corporate cards, bill pay, accounting, and a whole lot more, all in one place. It's a massive day today. SpaceX IPO, priced at $135 a share, opened at 150, where is it right now?
Jordi, are you on it? Do you have the price? Oh, the price is up there. Okay, now we're getting the endless mirror. You can call the price. But we'll be tracking throughout the show, so stay tuned. It's a $2.28 trillion company now.

**Jordi Hays** (0:42)
$172.

**John Coogan** (0:43)
$172 a share.
I had Tyler and Jordi submit confidential estimates for where the stock would be at noon effectively. Jordi went with a market cap-based estimate. Tyler went with a share price estimate, I think.

**Jordi Hays** (1:02)
Which is what I was told.

**John Coogan** (1:03)
I went with a percentage-based estimate. You can translate between all of them. We'll get there. But the stock's doing well. The IPO is successful, I would say. There's been a bunch of chatter back and forth. Bull cases, bear cases.
But overall, it's hard not to look at this as a success. The, you know, Bill Gurley doesn't want a crazy pop on day one, doesn't want it to go up 100%.
If we're in 10, 20, 30% range for something this big, that just feels like everything came together properly. And so, so far looks really, really good.

**Jordi Hays** (1:38)
Healthy.

**John Coogan** (1:39)
So at noon, we will check in with our predictions and see who won. There is an exciting prize for the winner, by the way. It will be revealed at noon as well. There's been a ton of coverage.
We can pull up this video from Gwen Shotwell, who is the president of SpaceX and has been on an absolute tear building the company for basically its entire existence. What are you laughing at?

**Jordi Hays** (2:04)
I didn't know what your prediction was.

**John Coogan** (2:06)
Did you see what it is?

**Jordi Hays** (2:07)
Yeah, Nick just shared it.

**John Coogan** (2:08)
No, he didn't.

**Jordi Hays** (2:11)
What? This guy over here. This is a funny guy over here.

**John Coogan** (2:14)
It will be revealed.

**Jordi Hays** (2:15)
Funny guy over here. This is why you trade.

**John Coogan** (2:17)
I was trying to pull.

**Jordi Hays** (2:18)
This is why you trade bits, not stocks.

**John Coogan** (2:21)
I was trying to pull an estimate out of you, and you were asking me 25 clarifying questions. The purpose is content, to have a conversation. Just pick a number, and you're like, oh, well, does it count where it opens, or where it opens after?

**Jordi Hays** (2:36)
I just saw your positioning was confused. I just saw your positioning was confusing.

**John Coogan** (2:39)
I was just like, just throw out a number. We gotta have a discussion about this. There's nothing that occurs at stake.

**Jordi Hays** (2:45)
Everything's on the line, John. Everything is on the line.

**John Coogan** (2:48)
I was laughing about how you wouldn't take a side on the dog walker versus the dentist.
I was like, dog walker, dentist, blind, who you going? And you were like, I can't possibly. I couldn't possibly, in the name of good television, just pick a random side for the purpose.

**Jordi Hays** (3:04)
Dog walker or dentist.

**John Coogan** (3:05)
Yeah.

**Jordi Hays** (3:06)
Beach debate.

**John Coogan** (3:07)
The beach debate. We never got your answer. And you were like, I need more information. I can't possibly make a call.

**Jordi Hays** (3:13)
It's such a tough one because I don't.

**John Coogan** (3:14)
It's not that tough.

**Jordi Hays** (3:15)
You picked one randomly.

**John Coogan** (3:16)
Why is it tough?

**Jordi Hays** (3:17)
Here's why it's tough for me, John.

**John Coogan** (3:18)
Okay, explain.

**Jordi Hays** (3:20)
I have never in my life hired or worked with a dog walker. My family growing up, we had a couple dogs. We walked our dog.

**John Coogan** (3:28)
Yeah.

**Jordi Hays** (3:28)
Like we never.

**John Coogan** (3:29)
You've been to the dentist.

**Jordi Hays** (3:30)
I was the dog walker.

**John Coogan** (3:31)
Yeah, you're not your own dentist though. So why are you just going dentist?

**Jordi Hays** (3:35)
I've never had a cavity. Every time I go in there, I guess I'm blessed.
Every time I go in there, they're like, looks good boss.

**John Coogan** (3:42)
Okay.

**Jordi Hays** (3:43)