Ken Steel

Steelers and EVs. That's it.

[Ken Steel @The_Ken_Steel]

@Gabriel74057920 Iron Man for sure; Downey pulling double duty.

[Ken Steel @The_Ken_Steel]

@RoKhanna I think you mean “might do”, not did. You linked to an assumptive piece about the future, not facts.

[Ken Steel @The_Ken_Steel]

@SenWarren Generating wealth is for public good. It means you’re creating something of value to society. Consumption and converting wealth to cash should be taxed, not wealth itself.

[Sawyer Merritt @SawyerMerritt]

Updated valuations of Elon Musk's companies based on publicly available info:

• SpaceX: $2.1 trillion
• Tesla: $1.5 trillion
• Neuralink: $9 billion
• The Boring Company: $7 billion

$3.62 trillion combined. Elon has now created $2.5 trillion in wealth for others.

[Ken Steel @The_Ken_Steel]

@RoKhanna @BernieSanders It’s not like Elon is cashing in and buying yachts, he’s building companies that make the world better.

[Ken Steel @The_Ken_Steel]

@RoKhanna @BernieSanders I agree with lifting the SS cap, however a wealth tax would be a major problem. Building a company that makes society better (Tesla, SpaceX, Neuralink, etc) should not be taxed, it should be encouraged.

[Ken Steel @The_Ken_Steel]

@SenSanders @AOC I don’t agree with Bernie on much, but I do think the cap on Social Security needs to go.

[Ken Steel @The_Ken_Steel]

@CharlieBatch16 9 here

[Ken Steel @The_Ken_Steel]

@Steelersdepot Broncos and Chargers

[Sawyer Merritt @SawyerMerritt]

I just spoke with Charles Schwab about the @SpaceX IPO. Schwab is one of a handful of brokerages selected by SpaceX to allocate IPO shares to retail investors.

If you have an account with Schwab, here’s how to prepare for the SpaceX IPO:

1) You first need to opt into IPOs from the Trade > IPOs page on Schwab's website.

2) After you've opted in and the IPO shows on the page, you can submit an Indication of Interest. The indication of interest will be able to be submitted when the Roadshow period begins for the stock. This is currently expected to be early June.

3) You need to have minimum $100,000 in total balance to be eligible to participate in the SpaceX IPO share allocation.

Schwab still doesn't know how many shares will be allocated to their brokerage at this point since SpaceX will be the one to decide that in the coming weeks. Just be prepared to check back on the IPO section of Schwab's website. Additional info will come later.

Lastly, don’t be surprised if you receive fewer IPO shares than you requested (if any at all). Demand for the limited number of available IPO shares will almost certainly be extremely high, and these participating brokerages will only get a certain sized allocation of shares to offer to retail investors, so it'll likely be tough to accommodate everyone. The best thing you can do is to just be prepared.

Note: SpaceX specifically stated in their S-1 filing that any purchase of their Class A common stock in this offering through these platforms will be at the same IPO price, and at the same time, as any other purchases in this offering, including purchases by institutions and other large investors, which means any retail investors that are lucky enough to get allocated some SpaceX IPO shares will pay the same price as the big guys.

[Ken Steel @The_Ken_Steel]

@RottenTomatoes Possibly the worst movie to win best picture in the past decade.

[Ken Steel @The_Ken_Steel]

@Bhsteeler Very true

[Ken Steel @The_Ken_Steel]

@Bhsteeler @steelcityundrgr All time, 20 first round QB selections have won a superbowl, and only 16 from rounds two and later combined.

[Ken Steel @The_Ken_Steel]

@Bhsteeler @steelcityundrgr Or you could look at it like 50% of the superbowls since 2017 have been won by a 1st round pick.

[Ken Steel @The_Ken_Steel]

@SERobinsonJr @SawyerMerritt The “space” in low earth orbit is about 10 million square miles larger than the surface area of our entire planet, and that doesn’t account for it being 3 dimensional.

[Ken Steel @The_Ken_Steel]

@gnoble79 @garyblack00 If this is true, the SEC should have no monopolistic concerns about all of Elon’s companies merging. It’ll just be up to the shareholders.

[Ken Steel @The_Ken_Steel]

@NickWentz_ @Scobleizer And we thought AI would take our jobs, turns out it’ll be hiring us!!

[Ken Steel @The_Ken_Steel]

@rahadora @Teslarati More wow. Easier to get in and out of when all alone, but in a garage they’re not great.

[Ken Steel @The_Ken_Steel]

@JanHGri @garyblack00 @wholemars It only seats 5. What if I have three kids and each want to bring a friend? I need to seat 7, and that’s tight even in the X.