Joe Kernen (Co-Anchor of Squawk Box) 00:07.440
guy right there investor bill ackman one in the center not not not me wants to help elon musk or suggesting maybe that he could help spacex take spacex up public and weekend post on X ackman suggested that musk merge spacex was a special type of acquisition company that ackman
Joe Kernen (Co-Anchor of Squawk Box) 00:28.960
's firm created and under the plan ackman said that tesla shareholders could receive so-called spars those are special purpose acquisition rights so that they could participate in spacex 's IPO down the road according to ackman this would reward loyal tesla shareholders with the
Joe Kernen (Co-Anchor of Squawk Box) 00:46.110
opportunity to invest in spacex or with cash for their spars while totally democratizing the IPO process reports have said that spacex is gearing up for a possible IPO next year ackman also floated the idea of certain investors in the transaction receiving rights to be able to
Joe Kernen (Co-Anchor of Squawk Box) 01:06.150
participate in a future IPO of musk AI company X AI andrew
Andrew Ross Sorkin (Co-Anchor of Squawk Box) 01:12.840
what do you think of that joe
Joe Kernen (Co-Anchor of Squawk Box) 01:16.770
i'm not i'm not i mean just with what i read sounds good i guess do do you have a chance to to participate if you're loyal i don't know we can't do it
Andrew Ross Sorkin (Co-Anchor of Squawk Box) 01:29.230
really interesting to see what would happen yeah yeah i don't know i don't know i think there 'd be a lot of people would be interested though we got a lot more coming up on squawk this morning we come back just three days left until christmas we're gonna get a pulse check on
Andrew Ross Sorkin (Co-Anchor of Squawk Box) 01:41.870
how retailers are faring as they prepare for the final rush of shoppers stay tuned don't go anywhere squat box coming right back