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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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CNET

OpenAI Dev Day 2026: Everything Announced in 15 Minutes

OpenAI’s annual Dev Day 2026 introduced dots, which are AI agents within ChatGPT that can execute tasks on your behalf and even answer phone calls and text messages. CEO Sam Altman also introduced a faster and more powerful model called GPT-6.1 Sol for professional coding and work applications. Read more about OpenAI on CNET.com: OpenAI’s…

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OpenAI’s annual Dev Day 2026 introduced dots, which are AI agents within ChatGPT that can execute tasks on your behalf and even answer phone calls and text messages. CEO Sam Altman also introduced a faster and more powerful model called GPT-6.1 Sol for professional coding and work applications.

Read more about OpenAI on CNET.com:
OpenAI’s Latest Personal AI Agents Have a Cute Name and Never Stop Working

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1:37 ChatGPT Space: Team & Agent Collaboration
3:06 Live Demo: Dots in Action
4:15 Hands-Free Catchup & Voice Features
4:53 Live Demo: Working inside ChatGPT Space
6:04 Integrating Dots into Slack & Workflows
7:56 Specialist Dots & Enterprise Availability
8:52 Launching GPT 6.1 Soul & UltraFast Speed
10:14 Decisions API & Luna Model
10:55 Codex in the Cloud & 3D Interactive World Demo
12:23 Refreshed Codex CLI & Real-time App Building
13:38 Autonomous Browser Control & Robotics Demo
13:51 OpenAI Marketplace Launch & Wrap-up

Video Credits:
Host: OpenAI
Scripted by: OpenAI
Producer: OpenAI & Jonathan Gomez
Camera: OpenAI
Video Editor: Jonathan Gomez
Thumbnail Designer: Tharon Green

Add CNET as a trusted news source
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#openai #samaltman #ai #artificialintelligence #superintelligence #chatgpt #aiagents #aiagent #dots

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CNET

AI Romance Scams: How to Tell If Someone Is Scamming You Online

Online scams hit us from every angle: financial fraud, phishing, and fake shopping sites. But the most devastating scams are the ones that hit the heart. This is the truth about romance scams—and how to avoid them. Read more about AI romance scams on CNET.com Look for These Red Flags to Avoid Falling Prey to…

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Online scams hit us from every angle: financial fraud, phishing, and fake shopping sites. But the most devastating scams are the ones that hit the heart. This is the truth about romance scams—and how to avoid them.

Read more about AI romance scams on CNET.com
Look for These Red Flags to Avoid Falling Prey to AI Scams

Timecode Chapters:
0:00 Introduction to AI Romance Scams
0:27 The Dark Side of Online Scams
1:07 How Scammers Build Fake Personas
2:18 The Long Game: Chatbots and Pig Butchering
3:52 A Real $1.3 Million Scam Case
4:55 Red Flags and How to Protect Yourself
7:12 What to Do If You’ve Been Scammed

Video Credits:
Host: Kara Tsuboi
Scripted by: Kara Tsuboi
Producer: Celso Bulgatti
Camera: Celso Bulgatti
Video Editor: Chris Monroe
Thumbnail Designer: Zooey Liao

Add CNET as a trusted news source
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Check out CNET’s Amazon Storefront:
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#ai #scam #airomance #romance #scammer #scammers #scammerscall

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CNET

Unboxing the $399 Nothing Headphone (1) Pro

At $399, Nothing’s new Headphone (1) Pro are its most expensive headphones to date, and its most advanced. Not only do the over-ear headphones feature new transducers with triple-driver configuration, but improved noise-cancelling and a more premium design with upgraded machined metal, as well as shatter- and scratch-resistant Panda glass on both earcups instead of…

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At $399, Nothing’s new Headphone (1) Pro are its most expensive headphones to date, and its most advanced.

Not only do the over-ear headphones feature new transducers with triple-driver configuration, but improved noise-cancelling and a more premium design with upgraded machined metal, as well as shatter- and scratch-resistant Panda glass on both earcups instead of translucent plastic.

Unbox it with us in white. #unboxing #nothing #headphone1pro #nothingheadphone #headphones #allthingsmobile

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