Better Offline
The Cult of the Ultra-Wealthy with Ed Elson
July 22, 2026·58 min·6-min readconversationaltechnology
Podzilla Summary (6 min)
TLDR
SpaceX's proposed IPO valuation of nearly $2 trillion—later scaled down to $1.75 trillion—defies basic financial logic, with the company losing $5 billion last year and revenues growing just 15% while losses exploded by 700%. Despite this, Wall Street banks like Goldman Sachs, JP Morgan, an
SpaceX's proposed IPO valuation of nearly $2 trillion—later scaled down to $1.75 trillion—defies basic financial logic, with the company losing $5 billion last year and revenues growing just 15% while losses exploded by 700%. Despite this, Wall Street banks like Goldman Sachs, JP Morgan, an
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Guest
E
Ed Elson
conversational on Better Offline
Mentions
Books, people, and resources mentioned in this episode.
People
Ed ElsonEdHenry BlodgettMargaret RyanGail Slater
Companies
SpaceXGoldman SachsJP MorganMorgan StanleyRaymond JamesMorningstarSECOpenAIMicrosoft
Topics
Artificial IntelligenceBusiness NewsFact CheckFinancial IndependenceInvestingStartupsTech NewsVenture Capital
Listen to This Episode
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