The receasefire 1 hour before futures open:
The U.S. and Iran agreed to stop attacking each other, according to a senior U.S. official, as the two sides plan to meet Tuesday in Qatar's capital to work out their dispute over the Strait of Hormuz.
A young SpaceX employee asked Elon what happens if they fail to reach Mars in his lifetime. The room was full of engineers and the question landed heavier than anyone expected.
It was a simple question but it cut to the core of everything SpaceX exists for. The entire company, every late night, every exploded prototype, every engineer who missed their kid's birthday for a launch window, it all points at Mars. What if it doesn't happen in time?
Elon paused.
He said that the goal was never for him personally to walk on Mars. The goal was to build the infrastructure that makes it inevitable. That even if he dies before the first crew lands, the system he built would carry the mission forward without him.
He said the rockets, the factories, the team, the culture, all of it is designed to outlast any single person. Including him. Especially him.
Then he said something that reportedly moved people in the room.
He said that if he thought success depended on him being alive, he would have already failed. The whole point is building something that doesn't need its founder to keep going.
He compared it to a cathedral. The architects of medieval cathedrals knew they would die before the building was finished. They designed it anyway. They poured their life into something they would never see completed because the completion wasn't the point. The commitment was.
SpaceX is his cathedral. He may never set foot on Mars. But the road between here and there will exist because he refused to accept that nobody was building it.
The most ambitious man alive has already made peace with the possibility that his greatest achievement might happen after he's gone. That's not failure. That's faith in something bigger than yourself.
*Humanity's goal for the next century is... prevent WW3.*
Elon: "Okay, this is going to sound pretty crazy."
"I'd say the economy is 10 times the its current size in 10 years. Greater than. I feel like that's actually a fairly comfortable prediction."
"Obviously if there's like World War III or something. that that could put a kink in those plans or those expectations. In the absence of World War II, if current trends continue, I would say the the economy 10xes in 10 years and have a base on the moon."
We now have documentation that COVID was fabricated in the Wuhan bioweapons lab under the funding and direction of Anthony Fauci. High ranking Democrats up to and including Joseph Biden engaged in a criminal coverup that killed and crippled millions. Where are the tribunals?
The next major earthquake on the San Andreas Fault could be significantly larger than long-held expectations for “the Big One.”
This warning comes from scientists who studied the devastating magnitude 7.7 earthquake that struck Myanmar on 28 March 2025, killing more than 5,000 people.
Researchers found that the Sagaing Fault behaved in ways many geologists had not anticipated. Instead of rupturing only within the section where stress had accumulated for decades, the earthquake propagated across more than 310 miles (approximately 500 km) of the fault — extending well beyond the zones previously considered most likely to break.
This discovery challenges a core assumption in earthquake science: that faults tend to repeat similar rupture patterns over time, with earthquakes largely confined to segments where stress has built up since the previous event.
The Myanmar quake demonstrated that ruptures can cascade across much larger sections of a fault than expected, releasing more slip and involving longer distances than earlier models predicted.
These insights are especially relevant for California because the Sagaing Fault shares important similarities with the San Andreas Fault. Both are long, relatively straight strike-slip faults where the two sides slide horizontally past one another. The San Andreas stretches about 746 miles (1,200 km) through California and has produced some of the largest earthquakes in U.S. history, including the catastrophic 1906 San Francisco earthquake.
The 2025 Myanmar event serves as a powerful reminder that faults do not always follow historical patterns. In some cases, future earthquakes may rupture longer distances, involve larger fault sections, and generate more energy than previously anticipated.
Scientists stress that this does not mean a giant earthquake is imminent. Precise prediction of earthquakes remains impossible. Nevertheless, the study shows that relying solely on past earthquake behavior may underestimate the true potential size and impact of major events on long strike-slip faults.
[Li, B., et al. Seismic gap breached by the 2025 Mw 7.7 Mandalay (Myanmar) earthquake. Nature Geoscience. 2025. DOI: 10.1038/s41561-025-01861-7]
ELON MUSK ON AI:
“AI IS LIKE A GENIUS CHILD.
YOU WANT IT TO GROW UP WITH A LOVE OF TRUTH AND A LOVE OF HUMANITY.”
“I DO WORRY ABOUT AI, BECAUSE WE ARE CREATING AN INTELLIGENCE THAT COULD ULTIMATELY BE FAR MORE INTELLIGENT THAN ANY HUMAN — AND EVEN MORE INTELLIGENT THAN THE SUM OF ALL HUMANS.”
“THE MOST IMPORTANT THING IN TRAINING AI IS THAT IT'S RIGOROUSLY TRUTHFUL. THIS IS ESSENTIAL.”
“MY CONCERN ABOUT A LOT OF THE AIS BEING DEVELOPED IS THAT THEY'RE TRAINED TO LIE, IN SOME CASES WITH POTENTIALLY DISASTROUS CONSEQUENCES.”
“IT'S VERY IMPORTANT TO HAVE AI BE MAXIMALLY TRUTHFUL, CURIOUS, AND TO LOVE HUMANITY.”
.@BernieSanders , it is a time to celebrate. @elonmusk has created enormous value for society by building @SpaceX, driving down the cost of rocket launches and creating a global satellite communication network that has brought high speed, low-cost internet and communication access to hundreds of millions and eventually billions of people along with critical advantages for our military and our nation’s defense.
SpaceX and its technologies will cause an acceleration in the growth of wages and wealth creation globally, including in some of the poorest communities in the U.S. and around the world.
Access to low-cost, high speed communications everywhere will allow children around the world to be educated, families to build businesses, and life-saving medical knowledge and care to be available everywhere.
SpaceX will materially bring down the cost of compute, advancing AI and humanity.
Meanwhile, 4,000 SpaceX employees yesterday became millionaires, including hourly wage employees who you claim you are trying to help.
The Elon Musks of the world drive growth, global GDP, and provide access to goods and services at lower cost that would otherwise not exist.
Elon’s nominal trillionaire status is due to his ownership of SpaceX, Tesla, Neuralink, the Boring Company and his other initiatives that have brought new technologies that improve our everyday lives.
Elon is not sitting on a trillion dollar pile of cash, jewelry and gold. He is using his controlling stakes in his companies to advance mankind. Elon’s companies don’t pay dividends. They reinvest all of their capital to accelerate innovation and value creation.
Elon is working 24/7 for all of us. He deserves respect and appreciation, not smears.
Bernie, your socialism would never allow a SpaceX to be built. Socialism has only proven to impoverish mankind and lead to death and destruction.
We need to create the conditions for more SpaceXs to be built, not attack the great entrepreneurs who are helping to advance our country.
Russia sold Elon Musk three broken rockets for $8 MILLION and laughed him out of the room. He went home and built SpaceX. It went public today at $1.8 TRILLION and made him the first trillionaire in human history.
– In 2002 Musk flew to Russia to buy an old ICBM missile to send a greenhouse to Mars.
– The Russians thought he was a joke. They quoted him $8 MILLION per rocket and dismissed him entirely.
– On the flight home he opened a spreadsheet and calculated he could build the rocket cheaper himself. He had never built a rocket in his life.
– SpaceX was founded with $100 MILLION of his own money from selling PayPal.
– Most of the aerospace industry gave it two years before it collapsed.
– The first three rockets exploded. By 2008 he was nearly bankrupt. Tesla was also failing at the same time. He had one launch left.
– The fourth rocket worked. NASA noticed. They handed SpaceX a $1.6 billion contract within months.
– Today SpaceX priced its IPO at $135 per share targeting a $1.8 TRILLION valuation.
– The largest IPO in human history. Bigger than Saudi Aramco. Bigger than anything.
– Musk's net worth crossed $1 TRILLION today. The first human being in history to reach that number.
– He controls over 82% of SpaceX's voting power post IPO and cannot sell a single share for one year.
– The same Nasdaq that has listing rules waived them specifically for SpaceX, dropping it immediately into index funds.
– Millions of people's retirement savings now own SpaceX stock whether they chose to or not.
The Russians who laughed him out of that room in 2002 work for an economy worth $2 TRILLION.
The company he built out of embarrassment is now worth $1.8 TRILLION on its own. He did it in 24 years starting with a spreadsheet on a flight home.
YES, I bought SpaceX
NO, I do not care about the valuation
You’re getting…
THE BEST news site
THE most truthful AI
THE Best builder of things
THE Best military IPO
THE Best rocket scientists
THE Best internet provider
THE Best space company
And all got a massive injection of capital today.
Anyone telling you it’s “overpriced” is either clueless or dishonest.
Nobody… not even Elon… knows the full future value. But when a company has this many moonshot verticals, odds are at least one explodes in value.
That’s how asymmetric bets work.
Take the bet.
$SPCX - SPACEX IPO: THE BIGGEST BET IN MARKET HISTORY
SpaceX is really three businesses under one stock:
Starlink is the profit engine, generating $11.4B in revenue and $4.4B in operating profit in 2025. Subscribers grew from 2.3M in 2023 to over 10M by early 2026.
SpaceX Launches generated $4.1B in revenue but lost money due to massive investment in Starship, the rocket intended to dramatically lower launch costs.
AI (xAI + X) generated $3.2B in revenue but lost $6.4B in 2025, consuming all of Starlink's profits and more.
Without AI, SpaceX was profitable. With AI, it lost nearly $5B in 2025 and another $4.3B in Q1 2026 alone.
The IPO values SpaceX at $1.77 trillion, but only 4.3% of shares will trade initially. That limited float could drive strong early demand and volatility while making true price discovery difficult.
Retail investors are getting access to just 1.3% of the company, while insiders and major funds remain largely locked up. Those restrictions begin easing within months, potentially increasing selling pressure.
SpaceX will not immediately join the S&P 500, as it currently fails key inclusion requirements, delaying an estimated $14B of passive index-fund buying.
The biggest risk is valuation. At roughly 90x sales, SpaceX is trading at a premium far above the largest technology companies. Historical IPO research shows that highly valued, low-float, unprofitable IPOs often deliver strong first-day gains but weaker long-term returns.
The bullish case is simple: SpaceX dominates satellite internet and commercial launches, and Starship could reshape the economics of space. The bearish case is that investors are paying an unprecedented price today for profits that may arrive years from now.
Bottom line: SpaceX may become one of the most important companies of the century. But this IPO looks designed to maximize demand in the short term, while much of the future selling pressure arrives later. For retail investors, the excitement is obvious—the risk is whether today's valuation already prices in most of the future success.