This is an I-Heart podcast.

Guaranteed Human.

Broadcasting live from the Abraham Lincoln Radio Studio

at the George Washington Broadcast Center.

Jack Armstrong and Joe Getty.

Armstrong and Getty.

And now here's Armstrong and Getty.

Hard to believe that little company that started in a warehouse in El Segundo is now going public for the,

it was the largest IPO that ever.

That was not his best work, Elon Musk talking about his IPO, which debuted on Friday and searched past $2 trillion on its debut.

And people who got in and got out at the right time made some money.

It was up 19% from the IPO price later in the day.

But these things make such a splash when they happen in the news,

these big IPOs. SpaceX did. Anthropics going to, if ever happens, chat GPT, will be a big

one, open AI. And whether or not we should get involved in them is always a question to me.

Yeah, I think a lot of folks have only a vague idea of what happened and what

it all means. So, to answer some of those questions, we turn to Stephen Kates, a finance expert with

bankrate.com. Stephen, welcome. How are you? I'm doing good. Thanks for having me. That is the

question, isn't it? What happened and what does it mean? Tell us.

Well, what happened was SpaceX went public. The IPO price was $135. So that's the price that anybody who applied to try to get access to those IPO shares. That's the price that they got.

They would all be, you know, in the money here, it's currently trading for about $175,

so we're roughly about 30% higher than that IPO price.

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