Neil Freiman

I won the pre-show cage match, so I get to go first.

And my winner is SpaceX, which successfully pulled off the biggest IPO in history and made its founder Elon Musk the world's first trillionaire.

Coming into Friday morning, Wall Street was anxious that a public listing of this unprecedented size, raising $75 billion, would break the financial machinery that keeps markets humming.

But things went as well as they possibly could,

SpaceX began trading on the Nasdaq a little before noon at 11% above its IPO price of $135 a share.

By the end of the day, it had risen 19% to close at a valuation of $2.1 trillion, making it the sixth largest public company.

It is sweet, sweet vindication for Elon Musk, who in 2002 was mocked for starting an experimental space company with the proceeds of his PayPal sale.

On Friday, Musk's net worth rose above $1 trillion to become the first human in history worth that much, and no one else is even close.

Musk is now richer than the next four wealthiest people in the world combined.

SpaceX will ultimately be judged on whether Musk can execute his sci-fi vision to build AI data centers in orbit and establish a colony on Mars.

But at least for one day, he can claim victory.

Yeah, OpenAI and Anthropic are about to go public in the fall.

They're looking at what SpaceX did and saying, we want to execute that playbook because it worked out so well.

It's went smoother than anybody could have ever imagined.

So Anthropic and OpenAI, these other huge $1 trillion plus tech companies are looking at what SpaceX did, and they're probably going to use that as a model.

It's going to be very interesting to see what SpaceX does on its third, fourth, fifth, 100th day of trading, because obviously had a great day on Friday.

It's up 6% so far this morning.

We are not going to see that.

We still debate this about Tesla, and it has been public for over a decade.

And we're going to do this with SpaceX.