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SpaceX conducted 161 of the 199 licensed space launches in the US last year, dominating over 80% of the market.
The S&P index has decided not to include SpaceX upon its IPO, which is a notable exception compared to other major indices.
Following upcoming mega IPOs, the top 10 companies in the S&P 500 are projected to account for nearly 50% of the index's total weight.
Alphabet (Google) is planning to raise $85 billion in new shares starting next quarter to fund investments in AI.
A study of the largest 30 IPOs over the last 20 years showed that every single one traded at a lower price at some point within the first 12 months after the IPO.
Major investment platforms in the UK and the US are providing ways for retail investors to apply for SpaceX shares.
SpaceX's business is being positioned to investors as a combination of space and AI, with concepts like solar-powered data centers in space.
Morningstar has issued a valuation for SpaceX at approximately $780 billion.
Aswath Damodaran has valued SpaceX in a range of $1.25 trillion to $1.35 trillion.
The S&P's decision not to include SpaceX at its IPO highlights that there is no such thing as a truly passive investment, as index construction involves active choices.
Upcoming mega IPOs from companies like Anthropic and OpenAI are expected to further increase market concentration.
Meta is rumored to be considering a large equity issuance to fund its AI investments, similar to Alphabet's announced plan.