TBPN Live - 🚀 SpaceX IPO Liftoff | Diet TBPN

Episode Date: June 13, 2026

Diet TBPN delivers the best of today’s TBPN episode in 30 minutes. TBPN is a live tech talk show hosted by John Coogan and Jordi Hays, streaming weekdays 11–2 PT on X and YouTube, with each episode posted to podcast platforms right after.Described by The New York Times as “Silicon Valley’s newest obsession,” the show has recently featured Mark Zuckerberg, Sam Altman, Mark Cuban, and Satya Nadella.TBPN is made possible by:Ramp - https://ramp.comPublic - https://public.comCisco - https://www.cisco.comConsole - https://www.console.comCrowdStrike - https://www.crowdstrike.comFigma - https://www.figma.comMongoDB - https://www.mongodb.comNYSE - https://www.nyse.comRailway - https://railway.comShopify - https://www.shopify.com/Follow TBPN: https://TBPN.comhttps://x.com/tbpnhttps://open.spotify.com/show/2L6WMqY3GUPCGBD0dX6p00?si=674252d53acf4231https://podcasts.apple.com/us/podcast/technology-brothers/id1772360235https://www.youtube.com/@TBPNLive

It's a massive day today. SpaceX IPO, priced at $135 a share, opened at $150. Where is it right now? Jordy, are you on it? Do you have the price? Oh, the price is up there. Okay, now we're getting the endless mirror. You can call it the price. But we go.

We'll be tracking throughout the show, so stay tuned. It's $2.28 trillion company now. 172. $172 a share. I had Tyler and Jordy submit. confidential estimates for where the stock would be at noon effectively. Jordy went with a market cap-based estimate. Tyler went with a share price estimate, I think.

What I was told? I went with a percentage-based estimate. You can translate between all of them. We'll get there. But the stock's doing well. The IPO is successful, I would say. There's been a bunch of chatter back and forth. Bull cases, bear cases.

But overall, it's hard not to look at this as a success. The, you know, Bill Gurley doesn't want a crazy pop on day one, doesn't want it to go up 100%. If we're in 10, 20, 30% range for something this big, that just feels like everything came together properly. And so, so far, looks really, really good. So at noon, we will check in with our predictions and see who won. There is an exciting prize for the winner, by the way. It will be revealed at noon as well. We can pull up this video from Gwen Shotwell, who is the...

president of SpaceX and has been on an absolute tear building the company for basically its entire existence. What? What are you laughing at? I didn't know what your prediction was. Did you see what it is? Yeah, Nick just shared it. Oh, he did. This guy over here.

This is a funny guy over here. Funny guy over here. This is why you trade. I was trying to pull. This is why you trade bits, not stocks. I was trying to pull an estimate out of you, and you were like asking me 25 clarifying questions. The purpose is content to have a conversation. Just pick a number.

And you're like, oh, well, does it count where it opens or what? Where it opens after? I just saw your positioning was confused. I was just like, just brought a number. We got to have a discussion about this. There's nothing back. The price share. Sure.

Everything's on the line, John. Everything is on. I was laughing about how you wouldn't take a side on the, on the dog walker versus the dentist. I was like, dog walker dentist, blind. Who are you going? And you were like, I can't possibly. I couldn't possibly, in the name of good television, just pick a random side for the purpose. Dog Walker or dentist.

Yeah. Beach debate. The beach debate. We never got your answer. And you're like, I need more information. I can't possibly make a call. It's such a tough one because I don't. No, no, no.

Here's why it's tough for me, John. Okay, explain. I have never in my life hired or worked with a dog walker. Yeah. My family growing up, we had a couple dogs. Yeah. We walked our dog. Like we never...

You've been to the dentist. I was the dog walker. Yeah. You've been to... You're not your own dentist, though. Dentists? So why are you just going dentists? I've never had a cavity.

Every time I go in there, I guess I'm blessed. Okay. Every time I go in there, they're like, looks good, boss. Okay. And I just head out. So equally useless. Equally useless profession. So flip the coin, it's TV.

Useless profession. No, I just don't have any... The noble dentist? I need, I need slightly more... Why don't you fall back to like the economic power of the dentist industry, versus the dog walking industry. Like if you had to pick a job, if you were trying to get a bag.

I respect dog walker. Oh, you would go dog walker. Oh, you would be an elite dog walker over a mid dentist? Here's, here's, here's,

like, here's kind of my thinking. Yeah, yeah, yeah. There's a guy in my neighborhood who is walking dogs in my neighborhood all day long. Yeah.

I'm like, who, like, a lot of people in my neighborhood don't work. They're just home all day. Like, why aren't you walking your dog? Okay. But I think it's amazing that this guy is just like, he's printing.

Clearly printing all day long, just going for a walk. hanging out. He's listening to music, hanging out. It seems great. Great. Great job. He picks up the... Sounds like you're going dog walker. Except the poop when he, when they poop on my lawn. Yeah, that's great. I appreciate it. We have a, you know... Good relationship.

I maybe wish you wouldn't do that, but we have a fine relationship. But then dentists, I could get really excited about a dentist if they were... You're still torn. You're still torn. You're still not picking aside. A side. Private equity-backed roll-up. Okay. Okay. Well, that's an option. The dentist was kind of a figurehead for, for some PE firm. Yeah. be able to deploy huge amounts of capital into rolling up family practices and raising prices.

Well, what if you're a dog walker, you earn so much money, you start being able to buy small dentist shops rolling them up, you flip from dog walking into dentistry. Well, that would be the way, I don't, we don't know much about this story. Yeah. But we do know there's a conflict. Yeah. But that would be the way for the dog walker to strike back is buy the dentist. So final, final answer.

Come in. What side are you picking? If the dog walker will commit to... No conditionals. Why can't I have conditions? Why can't I have conditions? You can't have conditions. Because that's the rules that I'm laying down.

You got to pick one. Dog walker or dentist. Whose side are you on? Dog walker. There we go. Finally we got some. But I'm going to put a heavy... The whole point is that is a serious amount of pressure.

I'll just take dentists. I'm going to defend that and steal man that. I'm going to put a serious amount of pressure on the dog walker. and I will provide the financial backing to acquire the dentist's practice and shut it down. Because I know they have some conflict. And it sounds like it's over the beach. It's really not that personal. Yeah, yeah.

And access to the beach. But I think there's an opportunity to make it personal. And I think at this point, if they're getting written up in the journal about this conflict, I think they've got to figure out how to make it personal. And I think buying the dentist practice and then shutting it down. or... As a high... No, you can raise an SPV.

He can put the capital together. And I would be willing to, you know, I need to meet the guy first, but I'm at least moderately interested in providing at least some of the backing for the... I got you. Well, let me tell you about CrowdStrike.

Your business is AI, their business is securing it. CrowdStrike secures AI and stops breaches. Let's play this clip from Gwen Shotwell, standing at the NASDAQ on the day of the SpaceX IPO. I think we might be able to play it on the big board. Stock is doing well, holding steady at $2.27 trillion. Split screen.

Whatever production team wants to do, we will do as long as the folks at home can see Gwen Shotwell giving her speech to. I got to say Tyler is looking like a young Kimball Musk right now. I am so excited to be here. Today we make history again. We have a history of making history. So I want everyone to know that we did open this morning in a rather exciting way.

We launched. Falcon 9 launched Starlink satellites to orbit. We have a history. So what company would do such a thing on the day that they open in the public market? SpaceX would. Right? I am so proud of this team. Today, we're 24, not today. This year, we are 24 years old. Elon founded this company in 2002,

initially, to build rockets and spaceships that will take humans to Mars, the moon, and even beyond. We've done, we've not quite gotten to Mars. We're almost at the moon, but let's just quickly run through the amazing things that you guys have accomplished. 2008, six weeks after a failure of Flight 3 Falcon 1, we got the first liquid-fueled rocket, to orbit from a private company, yay. Yay. By the way, I should have prefaced this with, everyone said we could never get to orbit.

Check. But it was a little rocket. Then it's everyone said, well, you can't get a real rocket to orbit. Two years later, we got a real rocket to orbit, Falcon 9. Oh, well, you'll never, you'll never get to the space station, because that's what we really want to do, right? We want to take humans outside the bounds of Earth, but you'll never get astronauts.

never get astronauts to the space station. Check. We did that too. Doubters, right? Oh, you'll never fly Falcon 9 enough. You'll never get to production. 165 launches last year, check. You'll never build a rocket large enough to take humans to the moon and Mars. We build one, we've flown it, and this year, I believe, we'll get to orbit with that vehicle and we'll recover the second stage. We've already recovered the first stage and reflown it. With the merger, the acquisition of XAI, we now as a group on the largest coherent gigawatt class compute on the planet, which will help us truth seek and understand the universe. So congratulations to all of us for that. So we're about 22,000 strong. I'm super proud that over half of us actually bought additional

stock in this opening, totaling almost a billion dollars. Wow. So thank you for that too. But really the thank you is go to all of you for hanging in there, for keeping a straight spine as the doubters doubt, to achieve historic things, sometimes every day, multiple times a week. Thank you, all of you for doing this. And I hope today is a day that you feel great about and that you're celebrating. Take a moment.

Now, the Falcon Recovery Team can't take a moment today. But everybody else can, and I hope Falcon Recovery Team could take a moment a little bit later. Yeah. In all seriousness, congratulations to the SpaceX team. It is like truly one of the most remarkable stories in the history of capitalism and the history of America. Started in a little town called El Segundo. And Glenn shot well, one of the most impressive executives of the modern era. And we all should have known just due to the nominative.

It's a terminism. Yeah. If you're going to build a rocket company, hire somebody to run the company with a last name shot well because she has shot quite well. She worked at Chrysler and then began working at the elsewhere. That's actually, people like to say like, oh, non-traditional background? Somewhat. Chrysler.

Yeah, I mean. Not exactly like a target. Yeah, well, she worked at the aerospace corporation, did technical work on military space research and development contracts. She said, when I was considering joining SpaceX back in 2002, I was struggling with the decision and drawing it out for weeks. It's crazy. Leaving Elon on red for weeks seems extremely risky. It feels like every decision he makes now is like go, no, go today, get back to me right now.

Back then, obviously, SpaceX was very young, less leverage, less energy, less momentum. So these decisions would be drawn out. She said, it seemed so risky for me personally to join this little start. up in an industry where none had ever succeeded. I think she was starting a family around that time. And so it was risky from a career perspective. She said at the time, I was a part-time single mother, yeah. And this was just too far out of my comfort zone.

She was used to bigger corporations, more established companies. She's going to this small startup that has, at that time, it's like a guy who made money on the internet now wants to do rocketry. What's the chance that that works? It sounds crazy. And it was at the time. She says, I was driving on the freeway here in L.A. when it finally hit me.

I was being a total idiot. Who cares if I tried this job and either I failed or the company failed. What I recognized at that moment was that it was the trying part that was the most important. Try that risky thing. Be a part of something exciting. What a fantastic run. I'm not sure if she coined the term residual capability. but that's a big phrase that she started using around the time.

Starlink started working, just this idea that they would go and build ahead of demand almost. So SpaceX built basically more launch capacity than there was demand for, but then because there was space on every SpaceX rocket and they were able to build them so efficiently, so affordably, they were able to put up a massive constellation of internet-connected satellites, Starlink, and develop another. huge business on top of it. And so this idea of building, building, building, and then

finding the different opportunities. For a while, SpaceX point-to-point was the big residual capability unlocked that was coming in a few years. The idea that you'd get on a spaceship, a starship, in New York, and you'd be in Tokyo in 30 minutes because you would have gone all the way to space and back, and it would land. I think that's still part of the plan, but obviously took a backseat in the S-1, took a backseat in the marketing materials for the company, but something that is still possible if you wind up delivering incredible safety and performance and cost reductions to the rocket launches, why not hop on a rocket to get across the world in 30 minutes? Sounds pretty cool and probably oddly easier to approve than hypersonic planes, since those have been stuck in regulatory approvals for, you know,

years and decades and never really worked out. I mean, Elon's hitting one T and she's just hitting 1B. Well, yeah. Yeah. Shotwell was paid 86 million last year, mostly in the form of stock options. She's one of eight board members at SpaceX. She's 62 and has worked with Musk for two decades. She has a specific ritual for launch days.

Because she was in Scotland the first time the company successfully got a rocket into orbit, she now writes Scotland on two sticky notes and places each inside her shoes to be in Scotland for every launch. She said it a 2020. Scotland mindset. That's pretty elite. I like is what's that called where you're superstitious. Superstitions. Rare, potentially underrated? What do you think? Do you have any superstitions? I mean, it's in the word super. Yeah. Superpower. What's your take on superstition? Do you have any? Doesn't sound like. I think it's quite distracting. Distracting?

Yeah. Kind of like could end up being a pretty big waste of time, so I avoid them. So you feel like unless you go through your whole ritual of eliminating all distractions, things aren't going to go well. So you're superstitious about letting distractions creep into your workflow. I understand that. Yeah, yeah, yeah. So maybe I am.

So maybe I am. Yeah. She's been a staunch defender of Musk. She worked to prevent business fallout during all the political turmoil. She worked with NASA officials and assured them that tensions would pass. She doesn't love social media. I like his in-person self better than his Twitter self. In fact, they feel like two different people many of the times.

She has a much different social media presence than her boss posting sparingly, exclusively about SpaceX. She's focused. She was raised outside of Chicago. Wait, you can imagine, like, she's reading X. She's like crying emojis, quoting six more posts, crying emojis? He's never crying at the office. He never does that.

He's like two different people. This feels like I feel like I don't know this guy. He's always crying. Yeah. Well, when she first joined SpaceX, she was VP of business development, so not in like a co-founder, chief executive type role on day one. And so that probably explains a little bit of the equity position and how that developed over time.

But she was promoted to SpaceX's president and chief operating officer in 2008, the same year the company won a critical $1.6 billion NASA cargo transport deal. So I looked up she was SpaceX's seventh employee. Wow, that's pretty early. She'd be disappointed if SpaceX didn't have a settlement on the moon and wasn't building a manufacturing facility on the moon. Within 10 years, she showed time. She lives on a 1,000-acre ranch close to a SpaceX facility in Texas.

She married a fellow SpaceX engineer and has two children. She put a Starlink mini terminal on top of her car to speak with mine. Musk on her 40-minute commute without the call dropping. Interesting. Jimmy Sonny also went back in time and told a story in the Wall Street Journal about one of the early days in the SpaceX journey. Vindication for young Elon Musk, he wrote. In 2004, he told the Senate that open competition would transform the industry. So this was an interesting story.

And I wonder if we could find the actual video like on C-SPAN. I don't know if it's out there, but in 2004, the Senate held a subcommittee meeting, gather on all the subcommittee gathers on Capitol Hill to ask a question that now sounds quaint. Could America still reach space without the space shuttle? Of course, we do it like every couple days, thanks to space set. The shuttle was grounded. 14 astronauts had died in two disasters, and the hearing room was thick with anxiety of a nation that feared it had lost a step.

Senator Bill Nelson, who had flown on the show. shuttle, sort of the Jared Isaacman of his era, warned that without it, the country might spend years relying on Russian rockets. Nobody disagreed. Witnesses came in two panels. First, you got the NASA team defending the program through William Reddy, its associate administration for administrator for spaceflight, accompanied by a retired admiral. After NASA spoke, industry did. They got a vice president from ATK, another from Lockheed Martin, a director from the aerospace group, Are you looking for a candle, a nuke one way or another? This is brutal for my prediction.

This is brutal. I'm feeling pretty good. But it's also brutal for anyone that wants drama on the chart because you're not getting it today. It's very stable. I think this is a very well-managed project from start to finish. And then now it's just like a trillion-dollar company, so it's hard for it to move super. I don't know. I just think that if you were expecting 10% swing.

swings up and down. Like, that's pretty small, though, right? Like, at least that they're being traded. Sure. Sure. Very, very small. The last person on the industry panel.

You got Lockheed, ATK, Aerospace Corp. It's Elon Musk. AP in the chat. Wait for dip. $5. Can you imagine? It just nukes down to $5. So on the second panel, the industry panel,

you got heavy hitters from Lockheed, other industry folks. You got a 32-year-old man who had founded a rocket company two years earlier, and he'd yet to launch anything. It was Elon Musk. He had a more immediate complaint. NASA had just awarded a rival a quarter of a billion-dollar contract

without open competition, and his company had protested. So everyone's there to debate, like, okay, can NASA get to space without the shuttle? And he's there being like, what about my contract? He shows up to this thing to testify, and they keep having to try and keep them on track. It's a very interesting way to, like, get his word in.

edgewise. So the senators thought the matter was off limits. Like this hearing isn't about that, Elon. It's not about your contract. It was under government review already, and they kept having to steer him back to the day's subject, specifically heavy lift, the blunt problem of getting big things off the planet. Certainly, he said, although it's worth correcting. I think Mr. Reddy misspoke when he said it was competitive. It was in fact not competitive. The chairman tried again. Let's stay to heavy lift capacity issues, Elon. Stay on message. And Elon says, absolutely. But his correction was safely on the record.

He said something the panel wasn't ready to hear. The past few decades, Elon Musk told them, had been a dark age for human spaceflight. One costly government program after another failed to reach the pad. The public's drift from space. He argued wasn't the apathy of a tired people, but the disappointment of a hopeful one. It sounded in 2004 like a man with a grievance and a half-built rocket.

He was dismissed. He had made the same case the summer before in one of his first Capitol Hill appearances. At a 2003 hearing on commercial space flight, there is a borrowed concept from the economist Joseph Schumpter, a creative destruction. The industry had lost it, not one successful new entrant in four decades. Space, Mr. Musk pointed out, had barely improved since Apollo, while every other technology from computing in the internet to intercontinental flight had been transformed by newcomers in open competition. Restore that forcing function, he said, and space would change no less dramatically. The government need only be a customer, not a competitor. He could be glib. Every launch from Vanderbord Air Force Base, he said, was required by law to be studied for its effect on the local seals at $10,000 a flight, even as that population had been climbing by nearly 13% in a single year.

He says the seals are doing fine. Let me launch. With that population growth rate Mr. Musk observed, it seems clear that if anything, the Vandenberg launch activity serves as an aphrodisiac. Dropping lines, dropping zingers on Capitol Hill. People laughed. It was the laughter you gave a clever outsider. But we can grade that clever outsider's argument now because more than 20 years have passed and the record is in.

The fear that haunted that 2004 hearing, dependence on Moscow, was not ended by the shuttle but by Mr. Musk's company. In 2002, a SpaceX capsule carried two astronauts to the space station, from American soil, closing a nine-year gap in which the United States paid Russia as much as $90 million a seat to hitch a ride. The semi-reusable rocket Mr. Musk described to skeptical senators became a fleet of boosters that land themselves and fly again. Today, SpaceX launches more than half

the world's payloads. On Friday, it goes public in what is expected to be the largest IPO in history. You know what's not ordinary? FF's investment of $20 million at a $200 million valuation into SpaceX. It did get diluted, but it is still, I think, like, the best venture investment of all time. Wait, no, I thought it was more like, it's 50. I thought it was more like 80. I think it's closer to $8 trillion. I think they made $8 trillion.

$0.8 trillion pennies. PT needed a win. What was the return in basis points? He needed a win. He needed a win. Because apparently. What was the return in basis points? out with him on chess.com. Have you seen this? Oh yeah. Do we need to play the video of a gentleman on

Instagram who found Peter Teal's chess.com account played him and won. Do you have the video pulled up? It's in the timeline deeper down there. As he found Peter Teal's chess account played him. I mean, we already spoiled it. On chess.com. I don't know if anybody knows about this, but Peter Teal has a chess.com account with his real name, under which he's played over 50,000 games. At Peter Thiel. 50,000. And the reason I know it's him is, first of all, his friends are all these Silicon Valley and ex-stand-for founders.

And I put this account into a database called Opening Tree, which allows me to cross-reference his most played moves with his public tournament games that he played in the 90s. And it's all the same stuff. So our game went E4, E5, Night F3, Night F6. I played the Stafford Gambit. And on move six, he fell into a very... Well, no, no, he didn't fall for the gambit, but he fell for a classic blunder. And the point is that when he takes back, played Bishop Takes F2, winning his queen by fourth.

Yeah, see. So most players would just give up. They would just resign in this position. But Peter Thiel never gave on. And a few moves later, he made another very elementary mistake. played Bishop takes A7. And this is the kind of move that you see beginners make. Very rarely does anybody over 2000 not see that you can just play B6 afterwards,

which traps the bishop, and I'm just going to scoop it up in a few moves. Even here, he didn't resign. He kept playing on until I checkmated him shortly thereafter. I find this really funny because Peter Thiel has a reputation being a sort of chess genius. So I wanted to take this opportunity to show the real Peter Thiel, who falls for basic opening traps and refuses to resign. Elon. Ordinary guy.

Proof that they're all ordinary guys. Elon never gives up, right? Famous picture of him standing there. Everything's in shambles. Never gives up. Also makes elementary mistakes sometimes. Picking, you know, accusing the president of things, you know, on, you know, social media, right? Kind of an elementary mistake, you know, if you're a government contractor.

Certain lawsuits? That's right. Elementary mistake. And so, again, I think PT never gives up, makes some elementary mistakes. There's a lesson there. Lesson in there. Lesson in there, for sure. Let's pull out this post from Andy showing a visual guide to the SpaceX IPO while I tell you about Codex.

Codex is a powerful workspace for getting work done with AI agents, whether you're writing code analyzing data, creating content or automating business workflows. Codex helps you move projects forward from start to finish. So what is this saying? What's going to happen here? This is technical analysis. Okay, this is technical analysis. And he's saying that it's going to pop on IPO day, sell off for three straight years, and then go to the moon? Is that this?

And he's basically saying that everyone's going to be taking victory laps if the stock trades down in 2026, 2027, 2028. But then ultimately they will all be upset. I mean, there are some crazy articles out there that are like the rise and fun. of Elon Musk a year ago. He can't possibly come back from the reputational damage he's done to himself. Yeah, no one's buying the cars. No one's buying the cars. And it's like, well, they're buying the stocks.

So, you know, it's going to be okay, I guess. Founders Fund investment at $200 million might be the best venture investment in history. A lot of that is just the holding to fruition. Like, because the early investors in Google or Microsoft or Amazon, like a lot of them distributed an IPO at like a $5 billion valuation. Even some of the founders, right? Bill Gates. Oh, yeah. He sold too early, right? Paper hands. No, the only thing is I do think Mossa hasn't beat.

I think Mossa hasn't beat with Alibaba. Oh. Because it was like $20 million into $70 billion. Sure. On a shorter time horizon. Ooh, Mock. Mogged. Anyway, heard in the chats. I put $1 million dollar SpaceX order through a private bank and just got filled

only $50k, $120th of what this individual asked for. Most people I spoke to have gotten even less. We had some folks on the team put in orders for 20 shares, 50 shares, 100 shares, and only get a small fracture of that. How much did you get, Tyler? I got 22. 22 shares, but you requested more? Yes.

And then, yeah, I mean, we've had a lot of people that say they only got one share. Brutal. The one share wonder. That's almost worse than zero shares because you can see it in your portfolio. Yeah. What if they could give you short interest? They're like, you asked for five shares, but we give you negative one share. We give you the inverse ETF, actually.

It's over for you. Yeah, I was, I was surprised by this. Yeah, given the offers that were, given the offers that were flying around, I got offered like a $50 million allocation, obviously not, wasn't going to take that down myself, but I just, Wow, just say you risk off. No, I, but I, but I respond. to the guy and I was like I don't even know I'm not even going to text anyone because like it feels like this is there's like so much

Allocation available for everyone that it's kind of it's just not even worth firing off text Yeah, but turns out there there was a lot more demand than supply It's it's making its way through the world through the through the I message DMs Buddy needs to relax says RJC SpaceX IPO this week thoughts on SpaceX SpaceX IPO. What are we thinking, boss? Who is this? Kyle. I was your Uber driver three months ago. Nick had a funny...

This can't be real because Uber drivers don't get your phone number anymore. It all happens in the app. This is ridiculous. Yeah, obviously. They had a good conversation. They exchanged numbers. Yeah, and also these just, like the rendering of the text, it doesn't look eye message enough to me. I don't believe it, but it's funny. Nick did get a funny text this morning from somebody who is certainly not a professional. Not a professional investor saying, texting him advice being like, you want to get in, but then you want to get out.

Oh. I want to get in and get out. Okay. Get in. Get in. Get out. Get out. Get out.

Get in, but then get out by the end of the day. And they're sitting there with this one share. Anyway, let me tell you about codex and the Road to Olympia expansion pack, which is sponsoring this episode. It takes your training split and. refactors it into production-grade hypertrophy code, no more junk volume, no more spaghetti programming, no more deprecated rear-delts functions, just clean, scalable mass architecture

with automated progressive overload, test coverage for calves, and one critical warning. Build failed insufficient carbs. The Codex Road to Olympia expansion pack is available now. That's a good one. That's a good one. Well, John, it's noon. Yeah.

I think it's time. Okay, okay, let's reveal our predictions. What was the price per share when it IPO? 135. 135. Okay, so I said 0%. I said 135. I said the bankers, this is, the funniest outcome is that the bankers got it perfectly correct.

The market is perfectly efficient. No pop, no sell-off, completely flat line on the chart. That's a very cuckin bit, but like you don't want that. No, you want a 20%? You want a little bit of a pop. And I would say they've done that, like, they've gotten it very. very, very, very close, right? Currently sitting at a 24% pop. What did you say? What was your percentage? I was, I had zero percent. It's at 24 percent. I was too bullish. I was too bullish. I was

expecting somewhere around $283 to share by two minutes ago. We're currently at $167. Okay. So what percentage is that? I thought it would open, I thought it was going to open above 170. So you had 303 percent. I thought I thought it was going to open above 170 and then run more. Turns out it opened in the 60s, dropped down to around 158, and then built back up from there. Okay. I was off. So I had zero percent. You had 33 percent.

It's at 24 percent. I was just right. I went 31 percent, which would be 176. So I'm a little high, a little high. So you got the, but I win. You win, you win. And does everyone want to know what Tyler wins, what the prize was today? The prize is that whoever wins gets to do one extra ramp ad read.

It's such a treat. No way. Yeah. That is special. And I get to, I hoard them every day. So here you go, Tyler. I got it. Feel free to read the ramp out of the audio.

Ramp. Time is money save both. Easy dudes, corporate cards, bill payments, accounting, and a whole lot more. All in one place. There we go. That was great. I hope you enjoyed that, Tyler. Don't get too comfortable with that.

Take back to Tyler. There we go. Well, Monitis says it brings me. no joy to report I spent a year wondering why I was constantly sleepy and had a low sleep score on my whoop that was totally cured by simply stop wearing the whoop. By simply stop wearing, stopping wearing the woo. Yeah, yeah, yeah. And X is turning this into a whole news story, ditching whoop tracker, cured financiers, sleep worries.

Financierge. That's hilarious. You want to track your sleep? Like, are you sleeping? Like, think about it. Yeah, yeah. Come up with an answer. That's your sleep. Funny is like I never actually care about the score. No. The score takes care of itself. Yeah. But with eight sleep, I like the cooling.

Like that's nice. Well, and with eight sleep, I'm actually interested in like, how is my REM versus deep sleep trending? Sure, sure, things like that. Uh, resting heart rate,

all these other things. I never am like, oh, what's my score today? Oh, the score, unless we were competing. Because then that was fun. It seems like one of those like,

uh, good heart's laws. Yes. If you like, oh, I need to get a better sleep score, then it's, it doesn't like work as well.

There's a new challenge that hit the timeline. Apple threw down the gonglet. They said that no one could make Siri their girlfriend. Said Siri won't be your AI girlfriend. This is from Apple's Craig Federigi. I'd like to see you try to stop me. So Craig Federigi says Apple won't be your AI girlfriend. Quite the opposite.

Because as you may know, if you use many of the existing chatbots, they're really focused on engagement and sycophancy. They want to kind of pull you in. They might encourage you to reveal things about yourself. and use that as a basis to establish a connection. We view it quite the opposite. I mean, the way we- Kind of fitting, like kind of a very 20-25 take,

which is kind of fitting given their AI progress. But if you try and engage Syria as a romantic partner, Siri's not up for that, series 100% not into that. And so the Rizzlers and the child- He's just opening himself up to get dunked on, right? A little bit. People have jailbroken every single model

that they'll jail-broke it. But also, one of the cool things about the Siri AI system is that it will, it builds a rag. He says system prompts, don't be the user's girlfriend. He's like, yeah, we crack the code. This problem that has been plaguing the AI industry. Have a great weekend. Congratulations to anyone that got in on the SpaceX IPO. Leave us five stars on Apple Podcast.

Sign up for our newsletter at TBPN.com. And we will see you on Monday. Have a great weekend. We love you. Goodbye. Flashbang. Flash bang out.