Zaid Admani

And SpaceX is the dominant player in that space, no pun intended.

SpaceX accounts for five of every six rocket launches in the U.S.,

But beyond just launching rockets, SpaceX also has Starlink, which provides satellite internet service at incredible speeds.

Starlink already has over a million customers and generates about $8 billion in revenue in 2024 alone.

And then on top of all that, you have the AI factor.

Because remember, SpaceX merged with XAI back in February.

And while XAI seems to be falling behind the other AI labs like OpenAI and Anthropic, it'll still give investors exposure to the AI story.

And then who knows, maybe the AI data centers and space thing actually happens, and then this will give SpaceX a big leg up on that.

Now, since this was a confidential filing, we don't get to see the actual financials yet.

That's kind of a bummer, but we're gonna have to wait a little while longer, but not too much though, because rumors are that Elon wants to list shares as early as June.

You know, given Elon's history,

I wouldn't be surprised if he aims for June 9th.

Now, switching from one Elon Musk company to another, let's talk about Tesla because they just reported their Q1 delivery numbers.

Tesla delivered 358,000 vehicles in the first quarter, which is below the 370,000 that analysts were expecting.

This is now the second straight quarter that Tesla has come in below estimates.

Now deliveries were up 6% from a year ago, but they were down 14% from the previous quarter.

Tesla has seen their vehicle deliveries decline for two years in a row, with some on Wall Street warning of a third consecutive annual drop coming in 2026.

A big reason that demand has taken a hit is the end of the $7,500 federal EV tax credit in the US, which expired back in September.

Now, without that tax credit, buying an EV became less attractive to a lot of people.

Now, looking outside of the US, there were some bright spots internationally.