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 de jun de 2026
Portada del episodio 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?

Descripción

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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21 episodios

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 de jun de 20262 min
episode 1907 Explains Why Banks Fear Stablecoins artwork

1907 Explains Why Banks Fear Stablecoins

In May 2026, JPMorgan CEO Jamie Dimon escalated the stablecoin debate in a Fox Business interview reported by CoinDesk. His warning about the CLARITY Act: the bill could allow stablecoin companies to effectively pay interest on what functions like a deposit — without the consumer protections and regulations that banks must follow. His position: "The banks will not accept it that way."Coinbase CEO Brian Armstrong responded that traditional banks are lobbying to block stablecoin reward programs that compete with their own deposit business.The CLARITY Act is still in Senate committee. The fight is unresolved.This short documentary connects the 2026 stablecoin debate to the Panic of 1907, when trust companies operated in a bank-like role before stronger financial rules existed. The Knickerbocker Trust Company collapse showed how fast confidence can break — and how quickly panic follows.Educational content only. Not financial advice.

1 de jun de 20262 min