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My First Million

The most simplified breakdown of the SpaceX IPO on the internet

My First Million

Hubspot

Business, Investing, Entrepreneurship

4.72.9K Ratings

🗓️ 12 June 2026

⏱️ 68 minutes

🧾️ Download transcript

Summary

Get our Business Idea Database: https://clickhubspot.com/wjsl Episode 833: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) breakdown the biggest IPO of all time.  — Show Notes:  (0:00) what even is SpaceX (7:11) What even is a trillion dollars? (8:51) Launches explained (9:07) Starlink (14:07) Data centers in space (17:39) Starship (24:46) Grok (28:06) a wonderful business at a silly price? (34:16) the mission (37:51) SBF's $114B fumble (39:04) funny, weird, surprising nuggets from the IPO (42:35Who's getting rich this week? (51:13) The genius insight of Luke at Gigafund (55:46) Pessimists get to be right, optimists get to be right (59:12) Elon's comp package — Check Out Sam's Stuff: • Hampton (joinhampton.com): My community for founders. Average member does $25m/year. Many of the guests are members. Get after it...apply: http://joinhampton.com/mfm — Check Out Shaan's Stuff: • Shaan's weekly email - https://www.shaanpuri.com  • Visit https://www.somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents. • Mercury - Need a bank for your company? Go check out Mercury (mercury.com). Shaan uses it for all of his companies! Mercury is a financial technology company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., and Evolve Bank & Trust, Members FDIC • I run all my newsletters on Beehiiv and you should too + we're giving away $10k to our favorite newsletter, check it out: beehiiv.com/mfm-challenge My First Million is a HubSpot Original Podcast // Brought to you by HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano /

Transcript

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0:00.0

All right, we are talking SpaceX IPO, the biggest IPO of all time, and there's a lot of smart analysis out there.

0:08.5

This ain't that.

0:11.4

Sam, what did you call it?

0:12.9

The two guys in a truck version of this?

0:15.2

What did you say?

0:15.8

Two idiots and an S one.

0:17.0

I feel like I can rule the world.

0:19.4

I know I could be what I want to.

0:21.6

I put my all in it like no days off.

0:24.6

On a road, let's travel, never looking bad.

0:26.6

There's going to be people who are smarter, wealthier, more technical than us that are explaining

0:32.6

SpaceX, but we promise to be the most relatable analysis you're going to get. Because I wanted to nerd out on this

0:40.5

myself, I was like, should I be buying this IPO? Should I be buying this stock? And in order to do that,

0:46.2

I was like, okay, let me sit down for a couple hours and just try to understand what even is this

0:50.2

business. How does it work? Is this massively overrated? Is it underrated? How should I think about

0:54.9

this? What do they even do? And so that's where I spent some time. Sam was picking through the S-1,

0:59.9

trying to find some of the more interesting, quirky. People aren't talking about this, but check this

1:05.5

out. Style Nuggets. So that's what we're going to try to do in the next hour or so.

1:10.5

I'll just play the character. It's all acting. But what would just say SpaceX does?

1:17.6

Okay. So SpaceX, what do they do? SpaceX builds rockets. I think that's the primary thing that

1:23.9

they do. They build rockets, ideally, rapidly reusable rockets, and they could take stuff into space. Now, why do you want to take stuff into space? Well, one version of stuff in the space, and the origin of the company is, let's take man to Mars. So how do we become multi-planetary as a species? That was the, you know, way, way back, that was the original mission still, you know, a part of the mission and i guess the the origin of

1:46.0

that was that they uh you know Elon after he sold i think it was PayPal after PayPal sold he made a few

...

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