Watch as Equity host Rebecca Bellan chats with Greg Martin of Rainmaker Securities about why the SpaceX IPO feels different and what investors are actually looking for in pre-IPO shares.

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SpaceX is preparing for a 2026 IPO with four major Wall Street banks, following a tender offer at an $800 billion valuation. Secondary market demand is extremely high, and a successful IPO at the rumored $1.5 trillion valuation could trigger a wave of public offerings from other late-stage unicorns like OpenAI, Stripe, and Databricks. The discussion covers why this IPO differs from others, how tech employees are using secondary markets to cash out before going public, and what investors seek in pre-IPO shares.

SpaceX is coming to the public markets, and secondaries are already on fire