Science & Technology

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…

Published

7 months ago

January 28, 2026

CYBER TECH TV

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

@christianguzman92

January 28, 2026 at 2:44 pm

Love it

Reply
@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

Reply
- @PhongNguyen-nz9kz
  
  January 30, 2026 at 7:51 am
  
  I think it’s just her
  
  Reply
@RussellThomason

January 29, 2026 at 3:11 am

The host is an uninformed biased idiot.

Reply

CNET

Apple Made a $129 Folio Case with a Kickstand for the iPhone Duo

Never thought we’d see the day an iPhone case from Apple is over $100 👀 #iphoneduo #allaccess #appleevent #iphoneduofolio #iphoneduocase Add CNET as a trusted news source Never miss a deal again! See CNET’s browser extension 👉 Check out CNET’s Amazon Storefront: Subscribe to CNET on YouTube: Follow us on TikTok: Follow us on Instagram:…

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15 hours ago

September 9, 2026

CYBER TECH TV

Never thought we’d see the day an iPhone case from Apple is over $100 👀 #iphoneduo #allaccess #appleevent #iphoneduofolio #iphoneduocase

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CNET

AirPods 5 First Look: Apple Lowers Prices and Upgrades ANC

Apple announces the AirPods 5 in two distinct versions, both featuring 50% more effective active noise canceling and lower prices than previous models. In this video, we break down the key differences between the base and step-up models, including battery life, swipe controls and acoustic upgrades. You can find the products mentioned in this video…

Published

16 hours ago

September 9, 2026

CYBER TECH TV

You can find the products mentioned in this video linked below
Apple AirPods 4 Wireless Earbuds
Apple AirPods 4 Wireless Earbuds with Active Noise Cancellation
*CNET may get a commission on these offers

Read more about the new AirPods 5 on CNET.com
Apple Introduces New AirPods 5 With Improved Noise Canceling and Lower Price for Step-Up Model

Timecode Chapters:
0:00 – Introduction and Pricing Overview
0:14 – Step-Up vs. Base Model Differences
0:21 – Battery Life Breakdown
0:27 – Design, Sound Quality, and ANC Improvements
0:43 – H2 Chip and Conclusion

Video Credits:
Host: David Carnoy
Scripted by: David Carnoy
Producer: Celso Bulgatti
Camera:Celso Bulgatti
Video Editor:Jon Gomez
Thumbnail Designer: Zooey Liao