SpaceX shares have slipped below $147 following the company's initial public offering, according to the latest episode of the podcast DHUnplugged. Hosts John C. Dvorak and Andrew Horowitz discussed the slide alongside a wave of other market-moving news in Episode 807, titled “MahJong and Markets,” released June 23, 2026. The episode also covered Elon Musk's $7.5 billion Tesla options cash-out, a $20 billion bond offering by SpaceX, and a $6.3 billion computing deal with Reflection AI at the Colossus 2 data center in Memphis. The hosts launched a new “Closest to the Pin” contest for guessing SpaceX's share price.
RAM prices have exploded, with DDR5 modules jumping from about $75 to $450. Horowitz noted that Dell is quoting a $5,700 corporate desktop that costs $2,700 on its consumer site, reflecting the broader impact on PC buyers. Dvorak warned that memory pricing defies the historical learning curve and that Micron, SanDisk, and Western Digital could face brutal oversupply. The surge comes as the Korean KOSPI briefly plunged into correction territory overnight and as Alphabet prepares to replace Verizon in the Dow Jones Industrial Average, lifting the index's tech weighting from roughly 17% to 22%.
The episode eulogized former Federal Reserve Chairman Alan Greenspan, who died at age 100. Dvorak and Horowitz called him a “walking thesaurus” whose vocabulary once required decoding. Horowitz revisited his long-running mattress-company thesis, pointing to Sleep Number (SNBR) collapsing from $140 to roughly ten cents, calling it a “swing and a miss” short. The hosts discussed a range of other stories: China's H-shares entering a bear market as retail sales contract; Chris Bloomstrand's analysis of hyperscalers shifting from asset-light to asset-heavy models; Satya Nadella's comment that AI has become commoditized; Oracle cutting 21,000 jobs; Getty Images soaring 145% on an OpenAI licensing deal; and a Chevron-Microsoft 20-year natural gas power pact dubbed Project Kirby. They also flagged the mahjong craze, citing Yelp's 4,400% search surge.
On Musk's deal-making, Horowitz relayed a striking framing: “Someone said something very interesting today, that he sees these as points in a game, like points in a video game, tokens that you win. It's not real money.” Dvorak, tracking insider selling across dozens of companies, observed that his screen is a “sea of red,” with Cantor Equity Partners (linked to Commerce Secretary Howard Lutnick) as the lone buy. The hosts argued the market is entering one of its strangest stretches in years, with implications for investors in tech, memory, and consumer goods.
Listeners can access the full episode at dhunplugged.com and on Spotify and Amazon Music/Podcasts, alongside Apple Podcasts and RSS.
