SpaceX is set to go public – buy the debut or wait? — 6/11/2026

Summary

The video covers SpaceX's imminent IPO, with hedge fund manager Ram Parameswaran advising investors to wait for a negative catalyst before buying SPCX. K2 Space CEO Karan Kunjur argues SpaceX's hardware moats justify long-term upside. The panel also discusses Anthropic's Fable 5 backlash and its implications for open vs. closed AI models.

• SpaceX prices tonight at $135/share for a $1.77 trillion valuation, the largest IPO ever.
• Ram Parameswaran says SPCX float is engineered for a pop but recommends waiting for a sentiment dip to buy because Elon historically bounces back.
• Karan Kunjur highlights SpaceX's durable hardware advantages and expects the market to increasingly recognize them over a 5-year period.
• The conversation explores 'strategic tech'—companies that blend tech growth with defense-like scarcity and government contracts.
• Anthropic released Fable 5, its most powerful model, then faced researcher backlash over quietly throttling answers about AI training, partially walking back the approach.
• Julius Adebayo warns that open-source models may cannibalize frontier AI business unless labs maintain unique, hard-to-replicate capabilities.