Keep pulling the thread on The Flamingo Revolution.
SpaceX raised $75 billion in its Initial Public Offering with shares valued at $135 each, making it the biggest stock market listing of all time.
At its IPO price of $135 per share, SpaceX has a valuation of approximately $1.77 trillion, which rises to roughly $1.8 trillion including employee stock awards and options.
Retail investors placed more than $100 billion worth of orders for the SpaceX IPO, significantly exceeding the 20% of shares that were reserved for them.
Anthropic and OpenAI are expected to go public this year and could each seek valuations of more than a trillion dollars.
According to the Bloomberg Billionaires Index, Elon Musk's net worth will jump to about $970 billion following the SpaceX IPO.
To unlock further performance-based compensation, Elon Musk would need SpaceX's market capitalization to reach $7.5 trillion.
Additional performance targets for Elon Musk at SpaceX include delivering a significant number of space-based data centers and establishing a permanent human colony on Mars with at least 1 million inhabitants.
United Kingdom Defense Secretary John Healey has resigned from Keir Starmer's government over a dispute on how to fund increased defense spending.
President Trump claimed a deal with Iran is close and could be finalized and signed as soon as this weekend.
Dan Ives of Wedbush Securities believes that investors buying into the SpaceX IPO are primarily motivated by the "Musk factor," referencing the historical mistake of betting against Elon Musk with Tesla.
SpaceX will not be eligible for inclusion in the S&P 500 for at least a year and must meet requirements for profitability and 10% public share ownership.
SpaceX posted a loss of nearly $4.2 billion in the first quarter.