Political Economy with Werner Mouton

The Market Is Pricing a Prophet

9 min · 21. maj 2026
episode The Market Is Pricing a Prophet cover

Description

SpaceX may come to market under the ticker SPCX at a valuation close to $1.8 trillion. The company has real businesses: Starlink, launch contracts, government work, and a growing role in AI infrastructure. But the valuation also depends on something stranger: faith in Elon Musk as the figure through whom the future will supposedly pass. This episode asks what happens when markets lose faith in institutions and begin to price salvation through founders. For more essays and commentary, visit www.wernermouton.com. [https://www.wernermouton.com] ★ Support this podcast on Patreon ★ [https://www.patreon.com/wernermouton]

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