Show Notes
The SpaceX IPO will likely be the largest public offering in history... But before you get excited, Nicole breaks down how the IPO machine actually works, and why some of the smartest people in finance say the system is rigged against you.
Nicole walks through the full IPO process step by step: what underwriters actually do (and what they charge for it), how the roadshow and book-building work, and why the price you'll pay on IPO day is not the price institutional investors paid. She also covers what SpaceX employees need to know right now about their equity, stock options, RSUs, lockup periods, and the tax surprises that can blindside you before you sell a single share.
Then, Nicole shares the framework she uses to evaluate any IPO, including the two sections of the S-1 prospectus most retail investors skip, and explains how you can get in on SpaceX before the IPO.
Check out Nicole’s financial literacy course The Money School
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Here's what Nicole covers today:
Are You Ready for Some Money Rehab?
The SpaceX IPO: Just How Historic Is It?
How the IPO Process Actually Works
What Underwriters Do (and What They Cost)
The Roadshow and How IPO Pricing Works
NYSE vs. NASDAQ: Where Will SpaceX List?
Why Companies Go Public
What SpaceX Employees Need to Know About Their Equity
Lockup Periods Explained
Three Things Every Employee Must Do Before an IPO
Is the IPO System Rigged? Bill Gurley's Argument
The Figma Example: How Retail Investors Got Burned
How to Evaluate Any IPO Before You Invest
Watch the Lockup Expiration Date
Tip You Can Take Straight to the Bank
All investing involves the risk of loss, including loss of principal. This podcast is for informational purposes only and does not constitute financial, investment, or legal advice. Always do your own research and consult a licensed financial advisor before making any financial decisions or investments.