The Lost Ledger

SpaceX's $75B IPO has a 400-year-old parallel. In 1602, investors bought ocean voyages. Now they may buy rockets. Is this access… or arriving late?

2 min · 5. juni 2026
episode SpaceX's $75B IPO has a 400-year-old parallel. In 1602, investors bought ocean voyages. Now they may buy rockets. Is this access… or arriving late? cover

Description

Four hundred years ago, investors bought pieces of ocean voyages. Now, public investors may soon be buying pieces of rockets, satellites, and Starlink. SpaceX is reportedly targeting a historic IPO — roughly $75 billion raised, valuing the company around $1.75 trillion. That would be one of the biggest public offerings ever. But the real story is older than rockets. In 1602, the Dutch East India Company opened public share ownership to ordinary investors for the first time. Those shares could be traded, which meant investors weren't just funding a voyage — they were creating a market. SpaceX is offering a similar moment. The question is the same one from 1602: are you buying a business, or are you buying a future you can only imagine right now? In both cases, the price matters. Would you rather get in early with more risk — or later when the story is clearer but the valuation is already massive? Educational content only. Not financial advice.

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episode SpaceX's $75B IPO has a 400-year-old parallel. In 1602, investors bought ocean voyages. Now they may buy rockets. Is this access… or arriving late? artwork

SpaceX's $75B IPO has a 400-year-old parallel. In 1602, investors bought ocean voyages. Now they may buy rockets. Is this access… or arriving late?

Four hundred years ago, investors bought pieces of ocean voyages. Now, public investors may soon be buying pieces of rockets, satellites, and Starlink. SpaceX is reportedly targeting a historic IPO — roughly $75 billion raised, valuing the company around $1.75 trillion. That would be one of the biggest public offerings ever. But the real story is older than rockets. In 1602, the Dutch East India Company opened public share ownership to ordinary investors for the first time. Those shares could be traded, which meant investors weren't just funding a voyage — they were creating a market. SpaceX is offering a similar moment. The question is the same one from 1602: are you buying a business, or are you buying a future you can only imagine right now? In both cases, the price matters. Would you rather get in early with more risk — or later when the story is clearer but the valuation is already massive? Educational content only. Not financial advice.

5. juni 20262 min