On this episode of What Are Your Thoughts, Downtown Josh Brown and Michael Batnick are joined by Rupert Mitchell of Blind Squirrel Macro to break down the potential SpaceX IPO, Elon Musk’s massive investor base, index inclusion, retail demand, passive fund flows, and whether the sheer size of the deal could create pressure across the broader stock market. They cover why so many institutions already own SpaceX at much lower valuations, how much stock may need to be absorbed by investors, what the lockup structure could mean, whether Tesla and SpaceX could ever merge, and why this IPO may become one of the defining market events of the AI era. This podcast is sponsored by DBMF. Find out why managed futures should be a foundational part of any alternatives allocation at: https://www.dbmf.com/WAYT Get more from Rupert Mitchell at: https://www.blindsquirrelmacro.com/ COMPOUND MERCH: https://idontshop.com/ ►00:00 - Intro ►02:52 - SpaceX IPO ►41:40 - Consumer Problems Understated ►50:30 - Immune to News ►54:40 - HALO ETF ►59:37 - Mystery Chart instagram: https://instagram.com/thecompoundnews Twitter: https://twitter.com/thecompoundnews TikTok: https://www.tiktok.com/@thecompoundnews Linkedin: https://www.linkedin.com/company/the-compound-media/ Sign up for The Compound newsletter: https://www.thecompoundnews.com/subscribe Listen to our podcasts: TCAF: https://podcasts.thecompoundnews.com/show/TCAF/ Animal Spirits: https://podcasts.thecompoundnews.com/show/animalspirits/ Ask The Compound: https://podcasts.thecompoundnews.com/show/ATC/ Talking Wealth: https://podcasts.thecompoundnews.com/show/talking-wealth/ Investing involves the risk of loss. This podcast is for informational purposes only and should not be relied upon for investment decisions and is not a solicitation or recommendation to buy or sell any securities. Michael Batnick and Josh Brown are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management. See additional disclosures: https://www.ritholtzwealth.com/podcast-youtube-disclosures. “Likes” or other comments are not intended to be endorsements of Ritholtz Wealth Management, or their employees and are not compensated. The Compound Media, Inc, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation with, Ritholtz Wealth Management or any of its employees. See disclaimers: https://www.ritholtzwealth.com/podcast-youtube-disclosures. #SpaceX #ElonMusk #Tesla #StockMarket #Investing #IPO #AIStocks #TheCompound