Sean Rameswaram

And for a lot of people, they also hope they can make a lot of money.

Giving some credence to some of this is the success that Musk has had with Tesla, another company that, when it was created and went public in 2010,

There were a lot of people who were like, yeah, yeah, right.

A startup car company selling electric cars.

The likelihood of success seemed very unlikely.

It was many years of struggle for Tesla, but eventually it came through and became the world's most valuable car company.

And those investors who hung on for that wild ride saw a lot of returns.

There's people who kind of believe that Musk can keep doing this and keep performing.

How does the SpaceX IPO compare to the Tesla IPO?

Dramatically different.

This time around, there is the power of the Musk brand around SpaceX.

SpaceX has clearly shown that it can make private space travel possible.

It has developed reusable rockets.

It is the largest satellite launcher out there.

It has created a satellite business with Starlink that provides broadband, fast internet around the world.

We've got now well over 2,000 satellites.

There's a business there.

Now, the company overall is not profitable because it's spending a lot of money on these shiny, bright things for the future, whether they're giant spaceships or AI.

The AI side is burning cash at a pace that dwarfs everything else in the company.

So that's why they need the money.