The $2 Trillion Heist Is Coming! Beware Of The SpaceX IPO | Bitcoin Simply

**Dante Cook** (0:00)
Today is the day of the SpaceX IPO. They're looking to raise $100 billion, making it larger than any IPO in US history. Its valuation of $2 trillion will be more than every other IPO combined since 2000 And what's weird to me, is everybody is doing immediate blitz about it and praising Elon all at the same time. Something doesn't seem right.

**SPEAKER_2** (0:20)
Why don't we talk first about the SpaceX IPO? Finally, Alex, I did want to ask you about SpaceX.

**Alex Karp** (0:25)
The only regret I have is I didn't give him more money. Everything that Elon's part of, you really want to be part of as well.

**Dante Cook** (0:31)
I dug into some of the data behind the scenes, and I'm telling you, this smells like the.com bubble, and it smells like they're going to dump all of these shares on retail. Today, I'm going to show you why this Elon SpaceX charade is an opportunity for you to sell the most valuable asset that you own. Don't be tricked into the trap from this $2 trillion heist.
This is Dante Coco, Bitcoin Simply. Let's go.

**SPEAKER_5** (0:56)
SpaceX, going public. Elon Musk is taking it public with shares set to open at $135, making it the largest IPO in history. It could make Elon Musk the world's first trillionaire and make SpaceX employees millionaires in a single day.

**Barry Ritholtz** (1:13)
Very life changing. You know, Elon always said that your salary is one thing, but it's the equity that's going to be worth something.

**Alex Karp** (1:20)
And we are all like, yeah, okay, someday.

**SPEAKER_2** (1:23)
That day is here.

**Alex Karp** (1:23)
It's great.

**Dante Cook** (1:24)
I don't know who Tom Mueller is, but this is fantastic for him and his family. Bravo to him. But let me give you a newsflash. You're not the first employee at SpaceX. You're not going to benefit from all of the shares in this IPO that you don't own. That's going to go to Peter Thiel, who's expected to make $50 billion from the IPO today.
Not to you. With this IPO, Elon is set to become the world's first trillionaire. And it seems like no one else has anything to do right now other than to talk about Elon in a coordinated effort. All of the Peter Thiel PayPal mafia members going on the media blitz all at the same time, like Alex Karp from Palantir.

**Alex Karp** (2:02)
You know, we are so blessed in this country. Like, okay. So, I mean, I spent half my life in Germany. If there was an IPO, DPO or anything at like the $120 billion range, the whole country would be jumping up and down. Here, we have a country where it's like, appears to be the one of the largest, if not the largest IPO ever.
It's super cool technology, things that no one else have done. And like, I think, I think most Americans, and certainly I hope all entrepreneurs are rooting for success.

**SPEAKER_2** (2:32)
And space bullish on, are you bullish on space? Are you guys doing something?

**Alex Karp** (2:35)
Well, again, it's very similar to these other debates. You, people underestimate, it's that bullish on space, if the person doing it knows what they're doing. Bullish on Elon in space, yes. Bullish on space, no idea.

**Dante Cook** (2:46)
I'm not bullish on space, but I am on Elon. If this was Germany, they'd all be praising this IPO. You should be lucky to be an American and to invest in this IPO. Sounds like rhetoric to me. Here's what they're not telling you about this IPO, and why it's different than every other IPO in history. They changed all of the rules for Elon.

**SPEAKER_6** (3:05)
What we're seeing amongst the index providers that you just mentioned is a plan to include SpaceX and other mega cap IPOs over certain size thresholds in the indices between five days after the IPO is priced and 15 days. And that's, I think, a fair balance between insuring those indices, in particular the names you mentioned, are properly representative of the universe of securities, including these mega cap IPOs, but at the same time have traded for at least a few days in order for the price volatility of the IPO to normalize.

**SPEAKER_2** (3:42)
Let me jump in here because I think there's a lot of questions in misunderstanding. I thought in a lot of people thinking maybe this is incorrect, that one of the purposes of these rules that places like the S&P, I don't know what the NASDAQ 100 rules are specifically, was to make sure companies had reached certain financial benchmarks or governance kind of hurdles, that they felt it was appropriate for them to join these blue chip indices. Is that the case?