Why the SpaceX IPO Doesn't Add Up | Office Hours
Scott Galloway looks at rising unemployment among women aged 25–34, why SpaceX's $1.8 trillion IPO valuation falls apart under scrutiny, and how to rebuild old friendships as you get older.
The gist
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Women aged 25–34 face a triple hit: federal layoffs, return-to-office mandates, and collapsing childcare subsidies forcing center closures.
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Galloway says SpaceX dominates launches but its 125x price-to-sales multiple is indefensible given only 20% growth, versus Google's 10x at IPO with 240% growth.
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Galloway notes IPO day-one pops followed by years of underperformance are the historical norm, and retail allocation often signals emotional rather than analytical buyers.
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Reconnecting with old friends gets easier with age as competitiveness fades, and a simple text or group reunion often does the job.
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Perplexity
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