IPO window is open thanks to SpaceX, says former Nasdaq CEO Robert Greifeld
Speakers
Bob Greifeld
— Chairman and CEO, Cornerstone Investment Capital; former NASDAQ Chairman and CEO
Summary
Robert Greifeld discusses SpaceX's record $75 billion IPO on Nasdaq, calling the IPO window open and highlighting SpaceX as a long-term buy on imagination rather than fundamentals. He expects follow-on IPOs from Anthropic and OpenAI and sees positive demand implications for QQQ.
- SpaceX debuted as the largest IPO ever, raising $75 billion on Nasdaq.
- Greifeld sees the IPO window reopening, similar to Google's 2004 IPO.
- He views SpaceX as a buy on long-term aspiration, not near-term fundamentals.
- SpaceX is trading at ~100x revenue, requiring imagination-driven investment.
- The IPO could boost demand for QQQ (Nasdaq-100 ETF) due to SpaceX's index weighting.
- He bets Anthropic and OpenAI will list on Nasdaq soon.
- Price discovery in SpaceX will be day-to-day; investors should focus long term.
Ideas
IPO window open benefits QQQ.
SpaceX's IPO opens the window for more IPOs, similar to Google in 2004. SpaceX will have a relatively large weighting in QQQ (Nasdaq-100 ETF), which will help drive demand for the product. The window is open for other big names like Anthropic and OpenAI to list on Nasdaq, further benefiting QQQ.
SpaceX trades on aspiration and imagination rather than current fundamentals, at ~100x revenue. Investors should take a long-term view on what Elon Musk and the human spirit can achieve, and not get hung up on short-term price discovery. This is a stock to buy for its long-term potential.
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This CNBC video, published June 12, 2026, features Bob Greifeld discussing QQQ, SPCX. 2 trade ideas extracted by AI with direction and confidence scoring.
Speakers: Bob Greifeld · Tickers: QQQ, SPCX