How SpaceX's $3trn valuation affects the whole market | The Economist

Can markets put a price on Elon Musk’s vision? Josh Roberts, The Economist's capital markets correspondent, and Rosie Blau, co-host of The Intelligence podcast discuss why investors have embraced SpaceX despite its losses, how Elon Musk influences its valuation and what the company's blockbuster IPO of $3trn reveals about today's appetite for risk. 00:00 – Why has SpaceX's share price been so volatile? 01:22 – Why does one company's IPO matter for the wider market? 02:34 – Why are investors backing a loss-making company? 03:46 – Where does SpaceX's valuation come from? 05:01 – How much of SpaceX's value depends on Elon Musk? 06:10 – When will markets know what SpaceX is really worth? 07:19 – Will your pension be invested in SpaceX? Subscribe: https://www.economist.com/subscribe Download the App: https://www.economist.com/get-the-app Instagram: https://www.instagram.com/theeconomist/ Facebook: https://www.facebook.com/TheEconomist/ X:https://x.com/TheEconomist #TheEconomist #SpaceX #Elon Musk