Squawk Pod: The SpaceX IPO: a16z’s David George & Elon Musk’s $1T - 06/12/26 | Audio Only

Summary

This Squawk Pod episode follows the historic SpaceX IPO, the largest ever at $75 billion and a $1.8 trillion valuation. a16z's David George makes a high-conviction bullish case for SpaceX, while venture capitalist Ben Narasin warns of near-term selling pressure and recommends waiting for a better entry. CNBC's Robert Frank calculates that Elon Musk could become the first trillionaire if shares hold above $140. Elon Musk also publicly endorsed ASML as Europe's greatest company.

• SpaceX raises $75 billion in IPO, valued at $1.8 trillion, the largest IPO on record.
• David George (a16z) is extremely bullish: SpaceX leads in launch, Starlink, and AI data centers, with massive optionality.
• Ben Narasin sees short-term risk due to poor price discovery and retail flipping; he's a long-term buyer waiting for a pullback.
• NASDAQ wins the listing with immediate index inclusion, generating huge revenue and setting a precedent for future mega-IPOs.
• Elon Musk's net worth nears $1 trillion, dependent on SpaceX and Tesla share prices.
• Musk called ASML the greatest company in Europe, implying long-term demand for its chipmaking tools.
• Gwynne Shotwell discusses SpaceX's M&A pivot and the company's mission to make humanity multi-planetary.