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?
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