Is SpaceX Overvalued? + What to Do When You're Not Getting Promoted

Hey. I've got the campaign brief ready built from last quarter's data and the competitive landscape. Approved. Oh, agents. Where would we be without you? Somewhere with a lot more tabs open. Create your first Monday agent in minutes at monday.com. Support for this show comes from Odoo. Running a business is hard enough, so why make it harder with a dozen different apps that don't talk to each other? Introducing Odoo. It's the only business software you'll ever need. It's an all in one fully integrated platform that makes your work easier. CRM, accounting, inventory, e commerce and more. And the best part? Odoo replaces multiple expensive platforms for a fraction of the cost. That's why over thousands of businesses have made the switch. So why not you? Try Odoo for free at odoo.com. That's odoo.com. This episode is brought to you by Accenture. When your advertising operations fall out of sync, everything else follows. Spotify and Accenture are working together to reinvent the rhythm of ad sales using automation, analytics, and smarter workflows to simplify campaign delivery and access better data across the business. The result, less time spent on operations, more time connecting brands with the moments and fandoms that matter most. Learn more at accenture.com/spotify. Welcome to Office Hours with Prop g. This is the part of the show where we answer questions about business, big tech, entrepreneurship, and whatever else is on your mind. If you'd like to submit a question for next time, you can send a voice recording to officehours@profgmedia.com. Again, that's officehours@profgmedia.com or post your question on the Scott Galloway subreddit, and we just might feature it in our next episode. Our first question comes from Reddit user gullible ad thirty seven dash eight five. Is Musk a great financial engineer? I don't see how screwing over institutional retail investors with mispriced stock valuation helps with the share price when he wants to sell. And for his SpaceX employees, it's far worse to let them think they are going to be rich and then take it away from them. Not great for morale. Okay. So just some data. SpaceX priced at a $135 a share at a valuation of about 1,800,000,000,000, the largest IPO in history, bigger than Saudi Aramco. That put the stock at roughly 94 times revenues on 18,700,000,000 in sales, which was richer than any company in the S and P 500. The next priciest is Palantir, which trades at about 67 times. Only about four to 5% of the company trades. That's the float. Everything else is currently locked up. The stock, zoomed to $2.25 and then has fallen about 45% from its peak to $1.23, which is, you know so it's technically now a broken IPO, but I wouldn't describe it. I mean, you could say it's a collapse from its peak. But by the time this airs, just some fine prints, SpaceX will have reported its first earnings and the first big lockup will have come …