SpaceX IPO: Are Investors Buying AI Instead Of Rockets?

The big day is here as SpaceX (SPCX) prepares to go public on the Nasdaq via its historic IPO. Elon Musk's space operator raised $75 billion after pricing 555,555,555 shares at $135 each.

Morning Brief Host Julie Hyman is joined by Yahoo Finance Senior Reporter Pras Subramanian and Trustless Media Founder Zack Guzman to discuss SpaceX's IPO pricing.

Timestamps
00:00 SpaceX IPO day arrives
00:50 Why investors are excited
02:20 The retail investor frenzy
03:15 How crypto traders see SpaceX
04:40 Is price discovery broken?
05:30 Why Elon picked $135
07:00 Buying the narrative
08:20 The AI business nobody sees
09:10 Space versus AI
10:35 The data center thesis