PU 40: The First Trillionaire

The company pulling off the most successful IPO in the history of stock exchanges, SpaceX, is losing money hand over fist. And its promised future money-maker, data centres in space, is a pipe dream.Punching Upwards, Episode 40 for 14 June 2026Topics: Technology / Artificial Intelligence🦉 No AI Content 📢 Podcast RSS FeedCreditsThanks to Michael Mullan-Jensen, Evgeny Kuznetsov, Vlad A Gouf, Fadi Mansour, Bennet Piater, Eric and Sir Galteran for supporting this podcast financially and therefore making it possible for me to produce it!See Also* Punching Upwards 34: Scam Altman* Punching Upwards 27: LLMs Are a Dead-EndSources* Musk’s SpaceX Goes Public: What Makes This IPO Different, The Wall Street Journal, 12 June 2026* SpaceX is now a public company valued for its AI potential, so what comes next?, Ars Technica, 13 June 2026* SpaceX (Space Exploration Technologies Corp, SPCX) trading on the NASDAQ, Google Finance* SpaceX Opens At $150—Surging 20% After Largest IPO Ever, Forbes, 12 June 2026* SpaceX’s I.P.O. Could Turn 4,400 Employees Into Millionaires, The New York Times, 10 June 2026* Rocket Man: The otherworldly ambitions of Elon Musk, The Mercury News, 10 April 2014* Meet the Musks: who’s who in Elon’s extended family?, The Guardian, 21 February 2018* How Elon Musk made his money – from emeralds to SpaceX and Tesla, The Independent, 28 October 2022* Apollo’s Portable Life Support System, Hamilton Standard, undatedThe theme music for the podcast is a track called Fight or Fall by Def Lev. Find out more about the show at fab.industries/podcast — new media, new rules! Get full access to Punching Upwards at punchingupwards.substack.com/subscribe