The Unemployment Spike Nobody's Talking About + Why the SpaceX IPO Doesn't Add Up

Scott Galloway dissects two major economic and cultural issues in this episode of The Prof G Pod. First, he highlights a troubling spike in unemployment among women aged 25 to 34—up 80 basis points year-on-year—attributing it to federal layoffs, the end of remote work flexibility, and the collapse of child care infrastructure. He argues that these systemic failures disproportionately impact young women, especially caregivers, and calls for bold investments in universal childcare and remote work policies as both moral and economically smart moves. On the second topic, Galloway delivers a scathing critique of SpaceX’s upcoming $1.8 trillion IPO, calling it wildly overvalued despite the company’s dominant market position. He compares its 125x price-to-sales ratio unfavorably to Google’s IPO, warns of retail investor manipulation, and predicts a sharp decline in value within one to three years. He emphasizes the importance of holding contradictory truths—admiring SpaceX’s innovation while rejecting its valuation—as a sign of true intelligence. The episode closes with a heartfelt reflection on reconnecting with old friends, celebrating the emotional maturity that comes with age.