Nick Martell

Well, the core group is fans and believers of Elon Musk.

I am already getting texts from guys I grew up with asking how they can buy SpaceX stock.

Nick, these guys have no interest in the stock market except when it comes to Elon's companies.

It's an amazing range.

And that's why, just like with Tesla, the stock of SpaceX will be insanely high relative to the actual profits.

Because the true believers, they don't care if Wall Street says it's overvalued.

The true believers, they're not just investors, they're fan investors.

They're playing a fan premium and giving this thing a fan multiple.

They believe that Elon Musk will get them rich because he's done it twice before.

That's right.

Elon's already rewarded early shareholders of Tesla with enormous riches.

And he rewarded those who helped him acquire Twitter with riches too, by giving them SpaceX stock when they merged the two companies.

And even if Elon fails, he still manages to spin failures into eventual financial victories.

That's why, just like with Tesla, SpaceX's stock will make no sense.

SpaceX's IPO is going to break Wall Street's financial calculator.

Not fundamentals, but fans.

Because faith doesn't require evidence.

For our second story, Alex Cooper is launching a reality TV show that pits reality TV shows against other reality TV shows hosted by the call her daddy daddy.

It's called the Unwell Winter Games, and it proves that the reality TV business model is more profitable than the iPhone.

It's unreal.