Gustavo Velasquez

Ventures & Adventures | What we do in life echoes in eternity

[David Solomon @DavidSolomon]

Congratulations to SpaceX on today’s $75B IPO, the largest ever brought to market.

Goldman Sachs is honored to have served as lead left bookrunner on this transaction, but more than that, we are proud of the strong partnership our people have built with the SpaceX team over the long term. I’ve known Elon for more than 15 years, as have several of my colleagues, and it’s been incredible to see his vision come to life and to work with Gwynne, Bret, and the entire team.

We are excited as SpaceX enters this new chapter of its journey as a public company, and we look forward to supporting their mission of advancing the frontier of human space exploration.

[st1ne @SolSt1ne]

Goldman Sachs Managing Director with 30 years on the desk just gave a free 19-min lecture to law students on how he actually closes deals at Goldman.

- the same playbook he uses on Goldman's biggest corporate clients

19-min and you'll learn what a real Goldman Sachs mentorship sounds like behind closed doors.

bookmark - it's the most practical Wall Street lecture.

[Bloomberg @business]

Goldman Sachs has the leading role on the cover of SpaceX’s IPO, according to sources giving the firm a prominent position in potentially the biggest listing of all time https://t.co/0EYVhB38xK

[Anil Patel @anilpatel]

Self-made billionaire & owner of the Utah Jazz, Larry Miller, on his regrets as a father.

Absolutely haunting.

[Gustavo Velasquez @GooseVelasquez]

@jasonmcgowan Those were the good old days. I’m putting on something similar to this, we should chat.

[Gustavo Velasquez @GooseVelasquez]

Sad at his passing. Forever grateful for this Apostle’s service. He changed my life 🙏🏼

[Jeffrey R. Holland @HollandJeffreyR]

“I love the Lord Jesus Christ. May we strive to see Christ at the center of our lives, of our faith, and of our service. That is where true meaning lies. Until that hour, when Christ’s consummate gift is evident to us all, may we live by faith, hold fast to hope, and show compassion one of another.” –Jeffrey R. Holland (1940–2025)

[Bill Ackman @BillAckman]

.@elonmusk, what if we took @SpaceX public by merging it with Pershing Square SPARC Holdings, Ltd. (SPARC) a new form of acquisition company that was approved by the @SECGov.

We could distribute SPARC special purpose acquisition rights (SPARs) to @Tesla shareholders so that all Tesla shareholders would have the right to invest in the SpaceX IPO, or they could choose to sell their SPARs to someone else.

This would reward loyal Tesla shareholders with the opportunity to invest in SpaceX (or with cash for their SPARs), while totally democratizing the IPO process.

In addition to receiving common stock in SpaceX, exercising SPAR holders would also receive Pershing Square SPARC Holdings II SPARs, which we could use to take @xai public at the time of your choosing.

Pershing Square would due diligence on behalf of all shareholders and would commit $4 billion of capital to the IPO at a fixed price per share.

SPARC has no underwriting fees, founder stock or shareholder warrants, and we would waive our right to receive SPARC sponsor warrants.

The result would be an IPO without any underwriting fees or dilutive securities issued. @SpaceX would go public with a 100% common stock capital structure and it would not incur any transaction costs other than modest legal fees which SPARC would pay from its cash on hand.

We could raise whatever amount of capital you would like by adjusting the exercise price of the SPARs. Assuming we issue 0.5 SPARs for each share of Tesla, there would be 1.723 billion SPARs outstanding including the 61.1 million SPARs that are already outstanding. Since one SPAR would be exercisable for two shares of SpaceX, the SPARs would be exercisable for 3.446 billion total SpaceX shares.

So, if we set the SPAR exercise price at $11.03, SpaceX would raise $42.0 billion, $38 billion from the exercise of SPARs and $4 billion from Pershing Square, or if we set the SPAR exercise price at $42.0, SpaceX would raise $148.7 billion, $144.7 billion from the SPAR exercise and $4 billion from us.

SPARC is indifferent to how much of the shares are primary versus secondary shares giving the company maximum flexibility.

We could do due diligence and enter into a definitive agreement committing to the transaction within 45 days, at which point it would be certain that SpaceX would go public at a fixed valuation subject only to SEC approval of the merger proxy/registration statement. Our commitment to the transaction would not be subject to market conditions.

We could start work right away and announce the transaction by mid- February.

It only seems appropriate that the most innovative and efficient rocket company in the world should go public in the most innovative, efficient, and fairest-to-Tesla-shareholders manner possible.

To Mars and beyond!

What do you say?

[Jimmy Rex @JimmyRex]

If you live in Salt Lake area please share this post with anyone in need this year. We are giving away 10,000 toys on Wed, just show up & grab 5-6 toys per kid. No catch!
520 S 850 E Suite A5, Lehi, UT

[Watcher.Guru @WatcherGuru]

JUST IN: SpaceX plans to go public at $1.5 trillion valuation in 2026, the largest IPO in history, Bloomberg reports.

[Gustavo Velasquez @GooseVelasquez]

@Billgetzfroggy Agree! I was thinking the same.

[Bill @Billgetzfroggy]

Before the Retzlaff news, BYU was ranked No. 10 in ESPN’s preseason poll. I’m confident they would’ve climbed into the top six if they hadn’t lost their quarterback and started the season 10–1.

What’s even crazier is that Bear is actually better than Jake, which just proves how ridiculous preseason rankings are and how much they end up shaping the narrative of an entire season.

[Gustavo Velasquez @GooseVelasquez]

It’s 20 minutes into the recording.

[Gustavo Velasquez @GooseVelasquez]

For those of you who invested in $PSTH and now hold $SPARC will probably want to hear this Q&A clip where Bill Ackman gives an update on a potential target. $PSH $SPARs $PSCM $SPAC

https://t.co/VLmyI8Ugwe

[Gustavo Velasquez @GooseVelasquez]

@slc_saint https://t.co/nJiwnCJYt5

[Gustavo Velasquez @GooseVelasquez]

I often come across posts like this one and I’m saddened by the shade people throw BRM’s way. I wish people would read his biographies and come to know him better as well as his contributions and how his Brethern view him then and now. Regardless of how you feel, we should be more grateful for his many contributions among which is a member of the scriptural committee. Every time you open the scriptures it will contain his fingerprints either through the footnotes, citations, headings, Bible dictionary, etc. As a matter of fact many of his personal writings and teachings influenced and contributed to this committee.
Furthermore, his associates in the Q12 then and now hold him in high esteem because of his scriptural and doctrinal knowledge to the point that Pres. Nelson when called as President of the Quorum said the following via church news:

[President Nelson reflected on the support he received from other members of the quorum when he was called to serve among them. He spoke of Elder Bruce R. McConkie in particular. “Occasionally, I would have an idea I wanted to discuss or had a question. I would knock on his door, and he was always gracious, always warmly welcoming. When I could see this was an opportunity to learn from him, I would ask him to put his remarks on pause for a minute while I called Elder Oaks and asked him to come up so we could converse with Elder McConkie together. That was a rare privilege.]

Not to mention other statements made even as early as Pres. Nelson’s first biography “From heart to heart”. In many ways Pres. Nelson and Oaks were mentored, taught, tutored, and in many ways molded by BRM and echo him even today. In conference talks, BRM was the most quoted church authority by Pres. Nelson after the standard works and past presidents of the church. Plus the only reason most members of church even know of the doctrine of calling and election made sure is because he thought it important enough to preach it and expound on initial statements make by Joseph Smith. Bottom line, it is the Lord who called him to be an Apostle and whether current or past Apostles they all deserve our upmost respect.

[Ben Criddle @CriddleBenjamin]

Tanner Wall’s story from walkon to starter to ⭐️ is a unique and singular one.

[Boring_Business @BoringBiz_]

Reality of being an investment banking analyst

> wake up at 8 AM, tired from turning useless comments from your VP until 3 AM the night before

> make it out of your shoe-box NYC apartment by 8:45 AM. Check email on the subway. Already 3 emails filled with new comments and 4 new Zoom calls with client scheduled

> make it to office and fire up PPT + excel to start turning through comments. MBA Associate asks you what "Adjusted EBITDA" means through Teams. VP already chasing you for something he said "no rush" on previously

> make it to lunch. Grab slop bowl (Sweetgreen, CAVA, Chopt) and eat at your desk while making more changes to excel model

> hop on Zoom call just to take notes and say "nothing else from my end, thanks" at the end of the call. No one even acknowledges you exist or joined the call

> align logos on PPT and make small "formatting tweaks" for another couple of hours. Involves changing every navy blue color in the 95 page PPT to slightly lighter shade of blue because your VP doesnt know how else to add value on the deal

> get new staffing at 6 PM. "Urgent" - need a 30 page deck by tomorrow for important client meeting, according to MD

> churn the next 3 hours building the deck and excel model. Send off to Associate for review, who left 2 hours ago to "hit the gym" and go on a quick Hinge date after

> Associate gives comments at 9 PM. Turn and send to VP at 10:30 PM. VP is upset you are making him work at 11 PM so he adds on a couple more useless comments to burn your night even more

> Send to MD at 11:30. Take Uber home and check email. MD wants to change the entire thing into new format and re-arrange the order. "Dont burn the midnight oil but need it on my desk by 8 AM tomorrow"

> Send off the deck at 3 AM again. Everyone is asleep and no one signs off. Set alarm at 7 AM to make sure you are available to turn comments the next morning if needed before client meeting

> MD emails at 8 AM saying he got his dates mixed up, client meeting is actually the day after. You are visibly mad, but at least you are done with the deck

> Walk into the office. MD says "hmm, since we have another full day before client meeting, why dont we add these [50] additional pages into the PPT deck before tomorrow?"

> You know your night is ruined once again and you start questioning why you ever decided to do this stupid job

[Gustavo Velasquez @GooseVelasquez]

My heart is full of gratitude for this prophet of the Lord 🙏🏼
Pres. Nelson blessed my life in ways I am eternally grateful!

[The Church of Jesus Christ of Latter-day Saints @Ch_JesusChrist]

With sorrow we announce that Russell M. Nelson, beloved President of The Church of Jesus Christ of Latter-day Saints, has died. He was 101 — the oldest president in the history of the Church.

For more information on the life and ministry of President Russell M. Nelson, see below:

https://t.co/YXJumQouex

[Clint Teeples @TeeplesCY]

This year, BYU is ranked among the Top 10 schools for recruiting at:

– Goldman
– McKinsey