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SpaceX is coming to the public markets, and secondaries are already on fire | Equity Podcast

SpaceX is reportedly lining up four major Wall Street banks for a 2026 IPO that could provide the reset the market needs. The company just completed a tender offer at an $800 billion valuation, and secondary market demand is through the roof. If SpaceX goes public anywhere near its rumored $1.5 trillion valuation, it could…

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SpaceX is reportedly lining up four major Wall Street banks for a 2026 IPO that could provide the reset the market needs.

The company just completed a tender offer at an $800 billion valuation, and secondary market demand is through the roof. If SpaceX goes public anywhere near its rumored $1.5 trillion valuation, it could trigger an IPO cascade for other late-stage unicorns like OpenAI, Stripe, and Databricks.

Today on TechCrunch’s Equity podcast, Rebecca Bellan spoke with Greg Martin, Managing Director at Rainmaker Securities, to discuss why this IPO feels different, how tech employees are cashing out through secondary markets before companies go public, and what investors are actually looking for in pre-IPO shares.

Chapters:
00:00 Introduction

01:39 The Booming Secondary Market for Pre-IPO Shares

04:06 SpaceX as an IPO Bellwether

06:31 Why Elon Musk Changed His Mind on Going Public

10:04 The Race to a Trillion-Dollar Valuation

12:27 The Elon Halo Effect on Valuations

15:17 What Signals an Upcoming IPO?

17:50 How Secondaries Drive Better Price Discovery

20:47 How SpaceX Secondaries Actually Work

24:03 What Investors Want from Pre-IPO Companies

25:11 The Have and Have-Not World of Secondaries

26:42 Outro
Subscribe to Equity on ⁠YouTube⁠,⁠ Apple Podcasts⁠,⁠ Overcast⁠,⁠ Spotify⁠ and all the casts. You also can follow Equity on⁠ X⁠ and⁠ Threads⁠, at @EquityPod.

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4 Comments

4 Comments

  1. @christianguzman92

    January 28, 2026 at 2:44 pm

    Love it

  2. @LamNguyen-je7so

    January 29, 2026 at 12:13 am

    Who does the hiring for techcrunch? That girl obviously has bias against Elon Musk and has no clue about Tesla. Credit to the guy to have restraint and not scuff at her idiocy

    • @PhongNguyen-nz9kz

      January 30, 2026 at 7:51 am

      I think it’s just her

  3. @RussellThomason

    January 29, 2026 at 3:11 am

    The host is an uninformed biased idiot.

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Science & Technology

How to Stand Out in the Ocean of AI Slop | Mick Mahler | TED

AI artist Mick Mahler has a counterintuitive take: the more powerful the machines get, the less the technology actually matters. Showing delightful examples of his own art, from jazz-playing spiders to a Kafka-inspired beetle film, he explains how you can use new technology to serve your vision (not replace it). (Recorded at TEDNext 2025 on…

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AI artist Mick Mahler has a counterintuitive take: the more powerful the machines get, the less the technology actually matters. Showing delightful examples of his own art, from jazz-playing spiders to a Kafka-inspired beetle film, he explains how you can use new technology to serve your vision (not replace it). (Recorded at TEDNext 2025 on November 10, 2025)

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The TED Talks channel features the best talks and performances from the TED Conference, where the world’s leading thinkers and doers give the talk of their lives in 18 minutes (or less) — plus originals, podcasts and exclusive content. Look for videos on Technology, Entertainment and Design as well as science, business, global issues, the arts and more. Visit for our entire library, transcripts, translations and personalized recommendations.

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#TED #TEDTalks #AI

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CNET

Oura Ring 5 Had Me Cheating on My Wedding Ring | All Things Mobile

I tested the Oura Ring 5 for two months to see if its smaller design lives up to the hype and whether it’s worth the higher price. You can find the products mentioned in this video linked below Oura Ring 5 – Gold World’s Smallest Smart Ring OURA Ring 4 Silver Smart Ring *Cnet may…

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I tested the Oura Ring 5 for two months to see if its smaller design lives up to the hype and whether it’s worth the higher price.

You can find the products mentioned in this video linked below
Oura Ring 5 – Gold World’s Smallest Smart Ring
OURA Ring 4 Silver Smart Ring
*Cnet may get commission on this offer.

Read more about it on CNET.com
Oura Ring 5 Review: I Wore It for a Month and My Wedding Band Is Jealous
Oura Ring 5 vs. Oura Ring 4: New Features Explained and if You Should Upgrade

0:00 Introduction & Why Wearables Fail
0:27 Price, Subscription & Is It Worth It?
0:52 Key Upgrade: Design & Scratch Resistance
1:49 Battery Life Improvements
2:20 App Features & Symptom Radar
2:58 Cycle Tracking for Women
3:15 Accuracy & Sensor Upgrades
3:31 Improved Workout Detection Test
3:57 Heart Rate Accuracy vs. Chest Strap
4:19 Smart Ring vs. Smartwatch
4:50 Should You Buy the Oura Ring 5?

Video Credits
Host: Vanessa Hand Orellana
Videographer: Celso Bulgatti
Editor: Jonathan Gomez

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#ouraring #smartring #wearabletech #fitnesstracker #techreview #cnet

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Science & Technology

How Nvidia Sees The New Entrepreneurship Wave

A tsunami of entrepreneurship is coming and VCs who don’t expand their networks are going to miss out. NVIDIA’s global venture capital alliances and partnerships lead Sydney Sykes joins Isabelle Johannessen on this week’s Build Mode:

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A tsunami of entrepreneurship is coming and VCs who don’t expand their networks are going to miss out. NVIDIA’s global venture capital alliances and partnerships lead Sydney Sykes joins Isabelle Johannessen on this week’s Build Mode:

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