Is SpaceX Overvalued? + What to Do When You're Not Getting Promoted
August 17, 2026
AI Summary
5 min read"SpaceX price at $135 a share at a valuation of about $1.8 trillion. That put the stock at roughly 94 times revenues on $18.7 billion in sales, which was richer than any company in the S&P 500." That single number — 94 times revenue — is the starting point for Scott Galloway's analysis of whether Elon Musk is a great financial engineer, or just someone who pulled off a masterful, legally questionable trick. On this episode of The Prof G Pod, Galloway answers listener questions on three distinct topics: the SpaceX IPO and its valuation, how to handle being passed over for a promotion by a former peer, and the inevitable calculus of leaving a major city once you start a family.
The SpaceX IPO: Manufactured Scarcity and Artificial Demand
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What you'll learn
- 1 (02:01) **Is SpaceX Overvalued?** - Scott analyzes the SpaceX IPO, its valuation, and Elon Musk’s financial engineering.
- 2 (09:52) **Not Getting Promoted: Building a Relationship with a New Boss** - Advice for a listener whose peer became his boss and now favors other coworkers.
- 3 (19:01) **Should You Leave the City When You Have Kids?** - A listener in London wonders if the benefits of city living drop off when starting a family.
- 4 Standout Quotes
- 5 "The capital markets in the United States are a marvel. I think this is low grade corruption, getting C+ above artificial scarcity with artificial demand, but you know, it's legal and he did it."
- 6 "The way out of this is through it, and that is to do your job, be really good at what you do... I think being very honest and authentic is the way to approach this."
- 7 "The city is meant for young people whose parents are putting them through New York or they're in tech or working for Meta or they're incredibly wealthy. For the other 95% of us, moving to the suburbs or a smaller city... that's what it means to be an adult."
+ Full timestamped outline available in the app
Guests on this episode
Show Notes
Scott Galloway breaks down whether SpaceX's blockbuster IPO makes Elon Musk a financial genius, then advises a listener on handling a peer's promotion and weighs in on raising a family in a big city.
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