Neil Freiman

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.

We got the bulls and the bears.

The bears are out in full for CFRA research.

Senior analyst Keith Snyder said on Friday, even after this good IPO, that the revenue growth that SpaceX would need to achieve to back up this $2 trillion valuation is, quote, borderline comical.

And then you had Elon Musk, on the other hand, on X this weekend saying that they're going to reach, he expects to reach $1 trillion in annual revenue by 2030, which is four years from now.

People are like,

Maybe you should have put that in the IPO prospectus because that's kind of a material change that you're making.

So it'll be interesting to see what SpaceX does going forward.

Elon Musk is very rich and he could become even richer.