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Edward Best on SpaceX, Retail‑Driven IPOs, and the Limits of Valuation

7 min10 april 2026

Edward Best examines SpaceX’s potential IPO and why it could redefine how mega‑cap tech offerings come to market. He breaks down the challenges of valuing a company of this scale, Elon Musk’s push toward retail‑driven participation, and the implications of unconventional moves like reduced lockups. Best also discusses SpaceX’s heavy capital needs, the importance of upcoming SEC disclosures, and whether FOMO could override fundamentals—setting a precedent for future listings from firms like OpenAI or Anthropic.


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