June 12, 2026 • 17 mins
Today history will be made in a way that literally only Elon Musk could make happen.
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Speaker 1 (00:04):
Welcome to the Brian Mud Show. Thanks for listening.
Speaker 2 (00:08):
Passion plus talent is unstoppable. It's time for today's Top
three takeaways. We're taking the oil and history happens today.
It was an interesting day over the past day. It's
an interesting morning as we get started on this Friday.
Hope it is off to a nice start for you.
And there's so many reasons it's interesting.
Speaker 3 (00:29):
But I mean, one thing that ended yesterday that brings
us into today was what did the President just say?
Speaker 4 (00:37):
We ended the war with Iran today and they have
agreed never to have a nuclear weapon, something that we
insisted on. That was the whole purpose, that was a
ninety five percent of it, and they've done it in
the most powerful way you can do it.
Speaker 3 (00:54):
It's over, he said, We ended it today and that
was yesterday. It's over, and they agreed to know nukes.
You look skeptical, Joel, Well.
Speaker 5 (01:07):
It's interesting because I'm looking at oil prices and they're
off the lows.
Speaker 1 (01:10):
From this morning. We were in the eighty three range. Well,
don't overthink it too much. So a couple things.
Speaker 3 (01:16):
The price at eighty five dollars a barrel real time
is still the lowest it has been at any point
since we thought that a deal had been done. The
straightform Moose was open on April seventeenth. You, as a
new observer of financial markets, you're going to have all
agility when you have these kinds of swings. Having oil
off three dollars a barrel from yesterday's prices and at
the lowest since we thought that the there actually was
(01:39):
a deal in place is meaningful. It's significant. So that
was not where I was going with my takeaways. I
felt the need to explain that a little bit because
of what Joel's saying there. But I do want to
focus on the taking of the oil aspect of things,
because there are a couple of things that are interesting.
Iron Staate medium is actually say things that sound constructive,
(02:04):
specifically that a proposed deal that has been offered would
call for the reopening of this trade of foremose entirely
for full sanctions relief. Now they are not reporting their
state media this morning, our time this morning that they
have agreed to anything on uranium doesn't mean they haven't.
(02:27):
We started yesterday in a very different place, and as
part of starting the day in a very different place,
you may recall that it was during the course of
the show yesterday that the President ended up posting this untruth.
He said, the United States will be hitting Iran, whose Navy,
air Force, radar, anti aircraft, and all other forms of defense,
(02:48):
together with most of its offensive capability, are gone very
hard tonight, and at some point in the not two
distant future, we will be taking carg Island and all
other oil infrastructure points assumed total control of their oil
and gas markets, much like we have with Venezuela, which
is working out brilliantly for both Venezuela and the United
(03:08):
States of America. Thank you for your attention to this matter.
And so all of a sudden, it's like, okay, well
that escalated quickly. Now we're going to take card and
the implications are many, including boots on the ground if
you were to do that kind of thing.
Speaker 1 (03:19):
And my incident analysis to you when.
Speaker 3 (03:21):
This came down yesterday is he might be serious, but
more likely, if he's announcing it, it's that he is
trying rhetorically one last time to get this thing across
the finish line. And if you take it face value,
what's happened here with what the President has said including
last night.
Speaker 4 (03:41):
We ended the war with Iran today and.
Speaker 2 (03:44):
They so.
Speaker 3 (03:48):
Well, if you take it face value, that it really
is done. It just the paper hasn't been signed yet.
Speaker 1 (03:56):
That worked. That tactic worked.
Speaker 3 (03:59):
Now Here is what is most important leading up to this,
why oil prices had declined in recent weeks from over
one hundred the average in May. With the inflation report
you heard previously, the average price for oil is one
hundred and two dollars and forty cents a barrel. The
price is over the past week at average about ninety.
(04:20):
Yesterday we are in the upper eighties. Right now real
time we are in the mid eighty range, under eighty five.
I talked right along that if oil was as seventy
dollars a barrel, we're not having these conversations the other day.
And I do think that Trump is continuing to try
to work on the price of oil behind the scenes.
(04:40):
We know that he told our White House correspondent John
Decker cab out of the bag that we've been running
a covert oil program. Here is the next thing. Let's
say this doesn't work out. So one thing that is
hugely important, as I will point out on the right dealer,
(05:01):
even if we have a deal, we have struck a
deal with whom that would be Islamic terrorist brain. Yeah,
you could call it the devil. They're certainly aligned with
the devil's interest. Yeah, the the well a momming Islamic terrorists.
And again, if you can't trust an Islamic terrorist, and
you know, at face value, if you can't take their
words seriously, who can you trust in this world?
Speaker 1 (05:21):
Is all I'm saying.
Speaker 3 (05:22):
Although joelt did intimate earlier that he might trust the
iotola over Chuck Schumer.
Speaker 1 (05:30):
I think I think on most days it might.
Speaker 3 (05:33):
It's it's tough, you know, when you have people that
are totally corrupted, it's kind of hard to figure which
are these totally corrupted people. So let me walk through
this for amendment, because I'm not so sure this is
all going to work out this weekend the way that
things are positioned right now. So I went through the
exercise of what it would actually mean to take carg Island.
(05:54):
I want to explain this for Amendment. Here's what it
would mean in real terms actually move forward. It would
mean obviously an official into ceasefire any kind of seasfire,
but it would mean those American boots on the ground.
And here's an idea of what would be required for
the United States to potentially take, as Trump has said,
(06:15):
Carg Island. The US would need to direct an air
campaign to eliminate all coastal battery units, ensure all air
defenses and radar systems are taken out, constant pressure on
what would likely be swarms of Iranian attack boats, speaking
of which the Navy would need to provide cover for
amphibious operations, neutralizing mines, maintaining sea lanes. Then you would
(06:39):
have to send in the Marines and or the Army
physically on the island. They would have to neutralize the IRGC.
You're talking hand to hand awful kind of combat scenarios
there to gain occupational abiliting. So that's a lot of
things that would need to come together well in order
for a successful season of the But with that said,
(07:01):
if we did it, Carg Island during normal pre war
times could be counted on for exporting about one and
a half million barrels of oil per day, with capacity
of up to seven million barrels per day, and that's
roughly in line with the amount of oil we're now
exporting out of Venezuela per day. For some additional perspective,
the US is currently producing about thirteen and a half
(07:22):
million barrels of oil per day, and again one and
a half is what have been paid a CARC, but
with the capacity to do seven, which would be massive
at that point. So that is the idea of the
amount of oil we could, in theory take. It also
gives you an idea of the military price that need
to be paid to deliver it. And you know that
(07:43):
even if you occupy the attacks on it would be constant,
it would be never ending. Which lads, even in my
second takeaway today, what what did Iran have to say?
Speaker 1 (07:57):
But first another word from the pre Au straight.
Speaker 4 (08:01):
Will officially open as soon as we signed, which could
be very soon, maybe over the weekend.
Speaker 3 (08:07):
In Europe, could be two weeks, it would be five, six, seven,
maybe eight days.
Speaker 2 (08:13):
Now.
Speaker 1 (08:13):
Word is, hey, this all comes together.
Speaker 3 (08:15):
We're going to send JD to somewhere in Europe to
meet the Iranian contingent and sign this thing. You will
know if there's any chance at this happening if JD
leaves DC, because they're not going to send JD on
a plane over there if it's not happening. They're going
to have the Iranian officials probably in the room before
they will send JD over there.
Speaker 5 (08:37):
By the way, it also might if he does go,
it might mean that he misses Sunday nights UFC event.
And then also he's supposed to go on the View.
I think on Tuesday. You know JD doesn't want to
miss a chance to go on the View. You can
see where Joel's mind is.
Speaker 3 (08:57):
We could be could be putting An into the Iran war,
maybe permanently ending Iran's nuclear capabilities. But man, the UFC thing,
and what about the View. I want to have time
to get back for the View.
Speaker 5 (09:09):
By the way, I want to see him take down
all those We'll leave it at that.
Speaker 3 (09:15):
Okay, So my second takeaway today Iran's responds to what
Trump posted history was interesting. This did not get attention
in this country. But again what I do. Our press
sucks at large as it is right and speaking of
if you can't trust Islamic terrors, who can't you try?
Speaker 1 (09:36):
If you can't trust GSS news, who can you trust?
Speaker 3 (09:39):
Right?
Speaker 1 (09:40):
Well, I don't trust Iranian state media.
Speaker 3 (09:43):
The one thing I always do when I am covering
geopolitical situations.
Speaker 1 (09:47):
When I'm covering.
Speaker 3 (09:48):
International news, I want to know what's being reported inside
of these countries, and so I regularly monitor Iranian state media.
You know what Iranian state media's response was when Trump
did the post yesterday said we're taking carent Island, is
that we're targeting Elon now. So along with those increased hostilities,
(10:08):
the IRANZI media said this, quoting all companies owned by
Elon Musk are considered military targets, and they followed that
up with saying the Islamic Republic of Iran reserves the
right to attack all facilities related to Musk managed holdings
in the region and occupied territories. Now, with Iran's regime
potentially being on the brink of becoming.
Speaker 1 (10:29):
Extinct, it's increasingly.
Speaker 3 (10:34):
Interesting that you would have Iran going well Musk. I'm
not sure what the thought was. I mean, in this case,
would be targeting Starlink. Those are the Musk related holdings
in the region. He does have physical buildings for Starlink
that are in parts of the Middle East. Now, notably,
Musk has been attempted to send internet service to the
(10:55):
Iranian people via Starlink who have been cut off from
the Internet, and the ion and government's been regularly jamming
starlink so they couldn't get the Internet service that he's
must have been trying to provide. And by the way,
it remains to be seen if Ron has any capability
of effectively carrying out attacks against any of Musk interest
in the Middle East. It probably is just as likely
(11:18):
that all Ron was doing was just aligning themselves with
like the Marxist groups behind No Kings, who, along with
their useful idiot followers, choose not to do anything constructive
with their lives, so they're intending to protest press Entrump's
birthday on Sunday.
Speaker 1 (11:32):
You know, if you want to do something.
Speaker 3 (11:34):
Constructive, if you're a boob who goes you know, No Kings,
how about actually marching into a church because that would
be a constructive use of your time on Sunday. And
Lord knows that we all could use more God in
our lives, but especially No kingsers. You are aligned with Marxists,
that's not a good place to be. That is actually
(11:55):
again to being aligned with well a momming Islamic terras.
So the timing of Iran's Elon threat probably has something
to do with the stock market history that will be
made today. Fox's gritty tremble.
Speaker 6 (12:10):
The SpaceX state you could mint the world's first trillionaire
in the company's CEO and founder Elon Musk. By some estimates,
the company's IPO will create four thousand new millionaires among
employees from engineers to cafeteria workers because of their employee
stock options.
Speaker 3 (12:28):
Okay, before traveling down this path today, I am must
offer in full disclosure that I am a SpaceX holder
pre IPO. I've been asked as recently as last week
if I would be participating. I mentioned that there is
no way you can value SpaceX by anything reasonable, that
you're paying what you would be paying ten years from now.
(12:49):
All that is true, and if you buy at market today,
I'm not here to offer you financial advice that way.
I don't think that's necessarily the most visable thing to
be doing. That said, I was offered cheers pre IPO
and to participate largest IPO in American history.
Speaker 1 (13:09):
I was like, yeah, So I put it in a request.
Speaker 3 (13:11):
When they said, you know, we'll let you participate, I
put in a request for a lot of shares. I
will say that I got not anywhere near that many shares.
But today history is going to be made in a
way that literally only Elon Musk could make happen. Zip
to x dot Com, which became PayPal, Tesla, Solar City,
(13:32):
open Ai, Neuralink, the boring company Xai. All of those
are companies that Elon Musk had a hand in founding.
He's a force of entrepreneurial genius the likes of which
the world has never seen before. If he had been
responsible for the founding of any one of those companies,
his career would have been an incredible success. To have
(13:54):
been responsible, at least in part for all of them
is just otherworldly. And speaking of which you might have
noticed on that list didn't include the single most significant
company that he has founded, the biggest of his accomplishments,
which is SpaceX, the company that is instantly going to
become the most valuable of his companies, the company that
will shatter world records for initial public offerings, and the
(14:17):
company that will make Elon Musk the world's first trillionaire
in the process. Elizabeth Warren is very upset about this,
by the way. She's out there squawking a ton. The
three most valuable companies by market capitalization at the time
of their American IPO or these third largest in American history,
Uber seventy five and a half billion dollar market capitalization
(14:40):
when it was brought public. The second largest American industry Meta,
which was Facebook at the time eighty one billion dollar
valuation coming public number one all time, is not actually
an American company one you may not even be familiar with,
called Ali Baba. This is back in twenty fourteen hundred
and sixty nine billion dollar market cap at the time
(15:04):
that it became public. If you're wondering what the heck
that is, it's actually a Chinese company. It's basically the
Amazon dot Com of China. Now at SpaceX is public
pricing of one hundred and thirty five dollars. This year,
SpaceX will come public with the value of approximately one
point seven eight trillion dollars, or in other words, it
(15:27):
will be over ten times more valuable than the previous
IPO record holder.
Speaker 1 (15:35):
That is just hard to get your mind around.
Speaker 3 (15:36):
Yes, that's crazy, over ten times the value of anything
that has ever been brought public before. So much of
what's happened with the stock market volatility over the past
week's been related to the historic SPACEXIPO today get a
lot of investors that, for example, sold positions and other
companies to position themselves to buy shares for today's IPO
or potentially maybe even once it begins to trade publicly. Today,
(16:00):
the latest word was that SpaceX's IPO was oversubscribed by
four to five times, about four hundred and fifty percent.
Speaker 1 (16:07):
What does that mean.
Speaker 3 (16:08):
It means there was four times the pre IPO interest
and buying shares of SpaceX. So let's say that you
are an incredited investor that what happened to be with
one of the firms that had access to pre IPO
shares and you put in your request and you confirmed
your request even then the demand was four and a
(16:31):
half times greater then. And that's to speak nothing to
the people that want it that don't have access to it,
which is probably why it's going to pop. By the way,
since there are people that are probably going to trade along.
There might have been scenarios where I would have considered
selling based upon price action today, given that I did
(16:52):
not get the full stake that I was looking for,
I'm going to hang with it no matter what happened. Well,
I you know, anybody hears that I'm in whatever. I'm
not going to get into the trading at SpaceX today.
If it ends up even down on the day, I
will take whatever you know, loss that would be, but
I'll write it out with SpaceX for now. But it
(17:13):
sets up an interesting set of circumstances for the IPO today.
Don't be surprised as he read aboards with posts of
attempting to take SpaceX's share price to the moon, because
a lot of times that's what they do. You know,
it'll be like with the memes tucks to the moon.
This time you could actually do that and it would
be literal SpaceX to the moon. Then then you'll even
see on the redit boards and to Mars, because SpaceX
(17:35):
is actually.
Speaker 1 (17:36):
The one company that will do those things.
Speaker 3 (17:40):
So it remains to be seeing what the price action
would be, but regardless, it will be history in the making.
Welcome to the Brian Mud Show. Thanks for listening.
Speaker 2 (00:08):
Passion plus talent is unstoppable. It's time for today's Top
three takeaways. We're taking the oil and history happens today.
It was an interesting day over the past day. It's
an interesting morning as we get started on this Friday.
Hope it is off to a nice start for you.
And there's so many reasons it's interesting.
Speaker 3 (00:29):
But I mean, one thing that ended yesterday that brings
us into today was what did the President just say?
Speaker 4 (00:37):
We ended the war with Iran today and they have
agreed never to have a nuclear weapon, something that we
insisted on. That was the whole purpose, that was a
ninety five percent of it, and they've done it in
the most powerful way you can do it.
Speaker 3 (00:54):
It's over, he said, We ended it today and that
was yesterday. It's over, and they agreed to know nukes.
You look skeptical, Joel, Well.
Speaker 5 (01:07):
It's interesting because I'm looking at oil prices and they're
off the lows.
Speaker 1 (01:10):
From this morning. We were in the eighty three range. Well,
don't overthink it too much. So a couple things.
Speaker 3 (01:16):
The price at eighty five dollars a barrel real time
is still the lowest it has been at any point
since we thought that a deal had been done. The
straightform Moose was open on April seventeenth. You, as a
new observer of financial markets, you're going to have all
agility when you have these kinds of swings. Having oil
off three dollars a barrel from yesterday's prices and at
the lowest since we thought that the there actually was
(01:39):
a deal in place is meaningful. It's significant. So that
was not where I was going with my takeaways. I
felt the need to explain that a little bit because
of what Joel's saying there. But I do want to
focus on the taking of the oil aspect of things,
because there are a couple of things that are interesting.
Iron Staate medium is actually say things that sound constructive,
(02:04):
specifically that a proposed deal that has been offered would
call for the reopening of this trade of foremose entirely
for full sanctions relief. Now they are not reporting their
state media this morning, our time this morning that they
have agreed to anything on uranium doesn't mean they haven't.
(02:27):
We started yesterday in a very different place, and as
part of starting the day in a very different place,
you may recall that it was during the course of
the show yesterday that the President ended up posting this untruth.
He said, the United States will be hitting Iran, whose Navy,
air Force, radar, anti aircraft, and all other forms of defense,
(02:48):
together with most of its offensive capability, are gone very
hard tonight, and at some point in the not two
distant future, we will be taking carg Island and all
other oil infrastructure points assumed total control of their oil
and gas markets, much like we have with Venezuela, which
is working out brilliantly for both Venezuela and the United
(03:08):
States of America. Thank you for your attention to this matter.
And so all of a sudden, it's like, okay, well
that escalated quickly. Now we're going to take card and
the implications are many, including boots on the ground if
you were to do that kind of thing.
Speaker 1 (03:19):
And my incident analysis to you when.
Speaker 3 (03:21):
This came down yesterday is he might be serious, but
more likely, if he's announcing it, it's that he is
trying rhetorically one last time to get this thing across
the finish line. And if you take it face value,
what's happened here with what the President has said including
last night.
Speaker 4 (03:41):
We ended the war with Iran today and.
Speaker 2 (03:44):
They so.
Speaker 3 (03:48):
Well, if you take it face value, that it really
is done. It just the paper hasn't been signed yet.
Speaker 1 (03:56):
That worked. That tactic worked.
Speaker 3 (03:59):
Now Here is what is most important leading up to this,
why oil prices had declined in recent weeks from over
one hundred the average in May. With the inflation report
you heard previously, the average price for oil is one
hundred and two dollars and forty cents a barrel. The
price is over the past week at average about ninety.
(04:20):
Yesterday we are in the upper eighties. Right now real
time we are in the mid eighty range, under eighty five.
I talked right along that if oil was as seventy
dollars a barrel, we're not having these conversations the other day.
And I do think that Trump is continuing to try
to work on the price of oil behind the scenes.
(04:40):
We know that he told our White House correspondent John
Decker cab out of the bag that we've been running
a covert oil program. Here is the next thing. Let's
say this doesn't work out. So one thing that is
hugely important, as I will point out on the right dealer,
(05:01):
even if we have a deal, we have struck a
deal with whom that would be Islamic terrorist brain. Yeah,
you could call it the devil. They're certainly aligned with
the devil's interest. Yeah, the the well a momming Islamic terrorists.
And again, if you can't trust an Islamic terrorist, and
you know, at face value, if you can't take their
words seriously, who can you trust in this world?
Speaker 1 (05:21):
Is all I'm saying.
Speaker 3 (05:22):
Although joelt did intimate earlier that he might trust the
iotola over Chuck Schumer.
Speaker 1 (05:30):
I think I think on most days it might.
Speaker 3 (05:33):
It's it's tough, you know, when you have people that
are totally corrupted, it's kind of hard to figure which
are these totally corrupted people. So let me walk through
this for amendment, because I'm not so sure this is
all going to work out this weekend the way that
things are positioned right now. So I went through the
exercise of what it would actually mean to take carg Island.
(05:54):
I want to explain this for Amendment. Here's what it
would mean in real terms actually move forward. It would
mean obviously an official into ceasefire any kind of seasfire,
but it would mean those American boots on the ground.
And here's an idea of what would be required for
the United States to potentially take, as Trump has said,
(06:15):
Carg Island. The US would need to direct an air
campaign to eliminate all coastal battery units, ensure all air
defenses and radar systems are taken out, constant pressure on
what would likely be swarms of Iranian attack boats, speaking
of which the Navy would need to provide cover for
amphibious operations, neutralizing mines, maintaining sea lanes. Then you would
(06:39):
have to send in the Marines and or the Army
physically on the island. They would have to neutralize the IRGC.
You're talking hand to hand awful kind of combat scenarios
there to gain occupational abiliting. So that's a lot of
things that would need to come together well in order
for a successful season of the But with that said,
(07:01):
if we did it, Carg Island during normal pre war
times could be counted on for exporting about one and
a half million barrels of oil per day, with capacity
of up to seven million barrels per day, and that's
roughly in line with the amount of oil we're now
exporting out of Venezuela per day. For some additional perspective,
the US is currently producing about thirteen and a half
(07:22):
million barrels of oil per day, and again one and
a half is what have been paid a CARC, but
with the capacity to do seven, which would be massive
at that point. So that is the idea of the
amount of oil we could, in theory take. It also
gives you an idea of the military price that need
to be paid to deliver it. And you know that
(07:43):
even if you occupy the attacks on it would be constant,
it would be never ending. Which lads, even in my
second takeaway today, what what did Iran have to say?
Speaker 1 (07:57):
But first another word from the pre Au straight.
Speaker 4 (08:01):
Will officially open as soon as we signed, which could
be very soon, maybe over the weekend.
Speaker 3 (08:07):
In Europe, could be two weeks, it would be five, six, seven,
maybe eight days.
Speaker 2 (08:13):
Now.
Speaker 1 (08:13):
Word is, hey, this all comes together.
Speaker 3 (08:15):
We're going to send JD to somewhere in Europe to
meet the Iranian contingent and sign this thing. You will
know if there's any chance at this happening if JD
leaves DC, because they're not going to send JD on
a plane over there if it's not happening. They're going
to have the Iranian officials probably in the room before
they will send JD over there.
Speaker 5 (08:37):
By the way, it also might if he does go,
it might mean that he misses Sunday nights UFC event.
And then also he's supposed to go on the View.
I think on Tuesday. You know JD doesn't want to
miss a chance to go on the View. You can
see where Joel's mind is.
Speaker 3 (08:57):
We could be could be putting An into the Iran war,
maybe permanently ending Iran's nuclear capabilities. But man, the UFC thing,
and what about the View. I want to have time
to get back for the View.
Speaker 5 (09:09):
By the way, I want to see him take down
all those We'll leave it at that.
Speaker 3 (09:15):
Okay, So my second takeaway today Iran's responds to what
Trump posted history was interesting. This did not get attention
in this country. But again what I do. Our press
sucks at large as it is right and speaking of
if you can't trust Islamic terrors, who can't you try?
Speaker 1 (09:36):
If you can't trust GSS news, who can you trust?
Speaker 3 (09:39):
Right?
Speaker 1 (09:40):
Well, I don't trust Iranian state media.
Speaker 3 (09:43):
The one thing I always do when I am covering
geopolitical situations.
Speaker 1 (09:47):
When I'm covering.
Speaker 3 (09:48):
International news, I want to know what's being reported inside
of these countries, and so I regularly monitor Iranian state media.
You know what Iranian state media's response was when Trump
did the post yesterday said we're taking carent Island, is
that we're targeting Elon now. So along with those increased hostilities,
(10:08):
the IRANZI media said this, quoting all companies owned by
Elon Musk are considered military targets, and they followed that
up with saying the Islamic Republic of Iran reserves the
right to attack all facilities related to Musk managed holdings
in the region and occupied territories. Now, with Iran's regime
potentially being on the brink of becoming.
Speaker 1 (10:29):
Extinct, it's increasingly.
Speaker 3 (10:34):
Interesting that you would have Iran going well Musk. I'm
not sure what the thought was. I mean, in this case,
would be targeting Starlink. Those are the Musk related holdings
in the region. He does have physical buildings for Starlink
that are in parts of the Middle East. Now, notably,
Musk has been attempted to send internet service to the
(10:55):
Iranian people via Starlink who have been cut off from
the Internet, and the ion and government's been regularly jamming
starlink so they couldn't get the Internet service that he's
must have been trying to provide. And by the way,
it remains to be seen if Ron has any capability
of effectively carrying out attacks against any of Musk interest
in the Middle East. It probably is just as likely
(11:18):
that all Ron was doing was just aligning themselves with
like the Marxist groups behind No Kings, who, along with
their useful idiot followers, choose not to do anything constructive
with their lives, so they're intending to protest press Entrump's
birthday on Sunday.
Speaker 1 (11:32):
You know, if you want to do something.
Speaker 3 (11:34):
Constructive, if you're a boob who goes you know, No Kings,
how about actually marching into a church because that would
be a constructive use of your time on Sunday. And
Lord knows that we all could use more God in
our lives, but especially No kingsers. You are aligned with Marxists,
that's not a good place to be. That is actually
(11:55):
again to being aligned with well a momming Islamic terras.
So the timing of Iran's Elon threat probably has something
to do with the stock market history that will be
made today. Fox's gritty tremble.
Speaker 6 (12:10):
The SpaceX state you could mint the world's first trillionaire
in the company's CEO and founder Elon Musk. By some estimates,
the company's IPO will create four thousand new millionaires among
employees from engineers to cafeteria workers because of their employee
stock options.
Speaker 3 (12:28):
Okay, before traveling down this path today, I am must
offer in full disclosure that I am a SpaceX holder
pre IPO. I've been asked as recently as last week
if I would be participating. I mentioned that there is
no way you can value SpaceX by anything reasonable, that
you're paying what you would be paying ten years from now.
(12:49):
All that is true, and if you buy at market today,
I'm not here to offer you financial advice that way.
I don't think that's necessarily the most visable thing to
be doing. That said, I was offered cheers pre IPO
and to participate largest IPO in American history.
Speaker 1 (13:09):
I was like, yeah, So I put it in a request.
Speaker 3 (13:11):
When they said, you know, we'll let you participate, I
put in a request for a lot of shares. I
will say that I got not anywhere near that many shares.
But today history is going to be made in a
way that literally only Elon Musk could make happen. Zip
to x dot Com, which became PayPal, Tesla, Solar City,
(13:32):
open Ai, Neuralink, the boring company Xai. All of those
are companies that Elon Musk had a hand in founding.
He's a force of entrepreneurial genius the likes of which
the world has never seen before. If he had been
responsible for the founding of any one of those companies,
his career would have been an incredible success. To have
(13:54):
been responsible, at least in part for all of them
is just otherworldly. And speaking of which you might have
noticed on that list didn't include the single most significant
company that he has founded, the biggest of his accomplishments,
which is SpaceX, the company that is instantly going to
become the most valuable of his companies, the company that
will shatter world records for initial public offerings, and the
(14:17):
company that will make Elon Musk the world's first trillionaire
in the process. Elizabeth Warren is very upset about this,
by the way. She's out there squawking a ton. The
three most valuable companies by market capitalization at the time
of their American IPO or these third largest in American history,
Uber seventy five and a half billion dollar market capitalization
(14:40):
when it was brought public. The second largest American industry Meta,
which was Facebook at the time eighty one billion dollar
valuation coming public number one all time, is not actually
an American company one you may not even be familiar with,
called Ali Baba. This is back in twenty fourteen hundred
and sixty nine billion dollar market cap at the time
(15:04):
that it became public. If you're wondering what the heck
that is, it's actually a Chinese company. It's basically the
Amazon dot Com of China. Now at SpaceX is public
pricing of one hundred and thirty five dollars. This year,
SpaceX will come public with the value of approximately one
point seven eight trillion dollars, or in other words, it
(15:27):
will be over ten times more valuable than the previous
IPO record holder.
Speaker 1 (15:35):
That is just hard to get your mind around.
Speaker 3 (15:36):
Yes, that's crazy, over ten times the value of anything
that has ever been brought public before. So much of
what's happened with the stock market volatility over the past
week's been related to the historic SPACEXIPO today get a
lot of investors that, for example, sold positions and other
companies to position themselves to buy shares for today's IPO
or potentially maybe even once it begins to trade publicly. Today,
(16:00):
the latest word was that SpaceX's IPO was oversubscribed by
four to five times, about four hundred and fifty percent.
Speaker 1 (16:07):
What does that mean.
Speaker 3 (16:08):
It means there was four times the pre IPO interest
and buying shares of SpaceX. So let's say that you
are an incredited investor that what happened to be with
one of the firms that had access to pre IPO
shares and you put in your request and you confirmed
your request even then the demand was four and a
(16:31):
half times greater then. And that's to speak nothing to
the people that want it that don't have access to it,
which is probably why it's going to pop. By the way,
since there are people that are probably going to trade along.
There might have been scenarios where I would have considered
selling based upon price action today, given that I did
(16:52):
not get the full stake that I was looking for,
I'm going to hang with it no matter what happened. Well,
I you know, anybody hears that I'm in whatever. I'm
not going to get into the trading at SpaceX today.
If it ends up even down on the day, I
will take whatever you know, loss that would be, but
I'll write it out with SpaceX for now. But it
(17:13):
sets up an interesting set of circumstances for the IPO today.
Don't be surprised as he read aboards with posts of
attempting to take SpaceX's share price to the moon, because
a lot of times that's what they do. You know,
it'll be like with the memes tucks to the moon.
This time you could actually do that and it would
be literal SpaceX to the moon. Then then you'll even
see on the redit boards and to Mars, because SpaceX
(17:35):
is actually.
Speaker 1 (17:36):
The one company that will do those things.
Speaker 3 (17:40):
So it remains to be seeing what the price action
would be, but regardless, it will be history in the making.
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