Latest / Felix Nikolas Prehn's Podcast / Felix Prehn - Why SpaceX Could Become The First $10 Trillion Company + Stock Market News 01 June 2026

Transcript

Felix Prehn - Why SpaceX Could Become The First $10 Trillion Company + Stock Market News 01 June 2026 · Felix Nikolas Prehn's Podcast

• 0:00
  SPEAKER_00: Two weeks ago on this channel, I gave you four small space stocks before anyone really was paying attention to them.
• 0:07
  SPEAKER_00: Red wire.
• 0:09
  SPEAKER_00: Today, that stock's up 163% since I started talking about it.
• 0:14
  SPEAKER_00: Voyager Technologies, ticker some of the VOYG, 86% up in three weeks.
• 0:20
  SPEAKER_00: Firefly Aerospace was up 69% in just a couple of weeks.
• 0:26
  SPEAKER_00: And we're not even close to done.
• 0:28
  SPEAKER_00: Now, everybody out there is talking about the same number.
• 0:31
  SPEAKER_00: SpaceX is about to go public at a 1.75 trillion valuation or something in the upball park.
• 0:39
  SPEAKER_00: That's the headline, right?
• 0:40
  SPEAKER_00: That's the noise.
• 0:41
  SPEAKER_00: And I want to show you a very different number.
• 0:44
  SPEAKER_00: A number almost nobody has read out loud because it's on page 11 of the actual filing SpaceX center, the US government.
• 0:54
  SPEAKER_00: And they tell the SEC, in their own words, they're going after a market worth$28.5 trillion.
• 1:04
  SPEAKER_00: $8.5 trillion.
• 1:06
  SPEAKER_00: And space literally calls it, and I quote, the largest actionable total addressable market in human history.
• 1:14
  SPEAKER_00: It is bigger than the entire economy of the United States.
• 1:18
  SPEAKER_00: The question that should literally keep you up at night, the early investors in SpaceX, they've been waiting 20 years for this exit.
• 1:27
  SPEAKER_00: If you put a million dollars into early SpaceX today, you're worth a hundred million.
• 1:33
  SPEAKER_00: You put in 10 million, like a lot of people would have done, you're worth a billion dollars.
• 1:38
  SPEAKER_00: So when the lockup period expires and these people are finally allowed to sell after 20 years, are they going to dump the stock in tank your retirement?
• 1:52
  SPEAKER_00: Or, and this is important, is there a structural reason they don't sell?
• 1:56
  SPEAKER_00: A reason almost nobody's explaining that turns SpaceX into the first$10 trillion company in history.
• 2:03
  SPEAKER_00: I'm Felix, this is Winston.
• 2:05
  SPEAKER_00: He used to be an ex-investment banker.
• 2:06
  SPEAKER_00: I mean the economist around here.
• 2:08
  SPEAKER_00: And we're going to walk you through three things.
• 2:11
  SPEAKER_00: One, the single structural reason SpaceX cannot crash the way Uber and Rivian did.
• 2:17
  SPEAKER_00: And this is the part that nobody's figured out yet.
• 2:20
  SPEAKER_00: And then two, well, except of course for Wall Street.
• 2:23
  SPEAKER_00: And then two, why SpaceX could become the first$10 trillion company, bigger than Apple, bigger than Nvidia, and bigger than Microsoft together.
• 2:33
  SPEAKER_00: And this is rather exciting, isn't it, Winston?
• 2:36
  SPEAKER_00: And three, and I want you to stick around for this one because I'm going to give you the exact stocks that I'm looking at right now to ride this way, including small caps that have already doubled, could go even further, the chipmakers behind the AI side of SpaceX, which is rather value is, and one boring index trade that almost certainly wins, regardless of what the OPO does on day one.
• 3:03
  SPEAKER_00: Now, Winston's got a warning for you because this video is going to be rather information dense.
• 3:07
  SPEAKER_00: We're going to cover a lot of stuff here: filing, squeeze mechanics, the supply chain, the risks, how to play it.
• 3:14
  SPEAKER_00: So to make sure all of this really lands for you, Winston's put together a free bonus research report, a full written research report breakdown of everything that we're covering here today, plus more.
• 3:26
  SPEAKER_00: Because I won't have time to cover everything in this video.
• 3:28
  SPEAKER_00: And you can grab it completely for free, no questions asked, at phelixfriends.org slash X as on.
• 3:35
  SPEAKER_00: X.
• 3:36
  SPEAKER_00: No credit card and nonsense.
• 3:37
  SPEAKER_00: Links in the description in the comments.
• 3:39
  SPEAKER_00: Click on that.
• 3:40
  SPEAKER_00: Now let's get into why the early investors of SpaceX might not crash the stock the way most people think.
• 3:49
  SPEAKER_00: Now, there are a lot of IPOs out there that are disaster.
• 3:52
  SPEAKER_00: And they all have one thing in common.
• 3:54
  SPEAKER_00: Take Uber.
• 3:54
  SPEAKER_00: So Uber went public at about$45, if I remember correctly.
• 4:00
  SPEAKER_00: Six months later, when the insiders were finally allowed to sell, because there's something called a lockup period.
• 4:06
  SPEAKER_00: Once you IPO, the insiders can't sell for a period of time.
• 4:10
  SPEAKER_00: What happened after six months?
• 4:12
  SPEAKER_00: Stock collapsed, right?
• 4:14
  SPEAKER_00: Or you look at Rivian.
• 4:16
  SPEAKER_00: Remember that one?
• 4:17
  SPEAKER_00: Went public at what$78, I think.
• 4:20
  SPEAKER_00: Within 18 months, it was down 90%.
• 4:25
  SPEAKER_00: 90%.
• 4:27
  SPEAKER_00: Or Snapchat or Facebook on day one.
• 4:30
  SPEAKER_00: Same story over and over and over.
• 4:33
  SPEAKER_00: So why isn't everyone assuming SpaceX is going to be any different?
• 4:38
  SPEAKER_00: Well, three very, very important reasons.
• 4:42
  SPEAKER_00: Reason one, tax.
• 4:44
  SPEAKER_00: Tax would kill these guys because they bought their shares 20 years ago for almost nothing.
• 4:50
  SPEAKER_00: And today those shares are worth$100 million.
• 4:54
  SPEAKER_00: So if you sell, the US government takes a giant bite out of that.
• 4:58
  SPEAKER_00: Federal capital gains tax is 20%.
• 5:00
  SPEAKER_00: Add state tax, say in California, another 13% on top.
• 5:04
  SPEAKER_00: So you are selling$100 million and it triggers a tax bill of about$33 million out of your pocket to the IRS.
• 5:15
  SPEAKER_00: And honestly, people with the kind of money, 100 million, they don't volunteer to write a$33 million check unless they absolutely have to.
• 5:24
  SPEAKER_00: So there's another way that they do it.
• 5:25
  SPEAKER_00: They can borrow against the shares.
• 5:27
  SPEAKER_00: Reason two is, and this is the part that nobody really explains, they borrow exactly against their shares.
• 5:33
  SPEAKER_00: So this is called an SBLOC, securities-backed line of credit.
• 5:42
  SPEAKER_00: Sounds complicated, but it's actually not.
• 5:43
  SPEAKER_00: How does this work?
• 5:44
  SPEAKER_00: So once SpaceX is publicly traded, an insider will walk into Morgan Stanley or Goldman Sachs and say, hey, I have a hundred million dollars of SpaceX store stock.
• 5:55
  SPEAKER_00: Lend me some money.
• 5:57
  SPEAKER_00: So they go in there and they say, I have a hundred million bucks, SpaceX, and the bank, this is the bank, will say, no worries, we're going to give you 15 million cash and we're going to charge you maybe 4% interest.
• 6:12
  SPEAKER_00: So the insider walks out with$15 million in cash.
• 6:16
  SPEAKER_00: Tax bill is zero.
• 6:19
  SPEAKER_00: Because borrowing money is not a sale.
• 6:22
  SPEAKER_00: And they might be able to reduce their other taxes because now they've got a 4% interest to pay, which might be tax deductible.
• 6:30
  SPEAKER_00: So the insider gets the tax.
• 6:32
  SPEAKER_00: And if you think this sounds crazy, well, Elon Musk has been doing this with Tesla stock for over 15 years.
• 6:37
  SPEAKER_00: Bezos does it, all the billionaires do it.
• 6:40
  SPEAKER_00: They don't sell their stock, they borrow against their stock.
• 6:43
  SPEAKER_00: That's how the richest people on earth actually live.
• 6:46
  SPEAKER_00: They owe billions of dollars to the banks, everyone's happy, nobody pays any tax.
• 6:52
  SPEAKER_00: And it is the reason SpaceX is not going to behave like Uber after the lockup ends.
• 6:57
  SPEAKER_00: The third reason is the NASDAQ has just rewritten the rule.
• 7:03
  SPEAKER_00: And the rule change forces hundreds of billions of dollars to buy SpaceX, whether they want to or not.
• 7:09
  SPEAKER_00: The NASDAQ has something called the Nasdaq 100.
• 7:14
  SPEAKER_00: It's the index of the hundred biggest companies on the exchange, and there are trillions of dollars of index funds and 401k retirement money that automatically buy every stock in the Nasdaq 100.
• 7:29
  SPEAKER_00: So once SpaceX is part of the Nasdaq 100, which will happen on day one, basically, on autopilot, these guys have to buy.
• 7:39
  SPEAKER_00: And NASDAQ made a change to their rules, this mate.
• 7:44
  SPEAKER_00: A quiet rule change.
• 7:45
  SPEAKER_00: Brand new companies that used to wait three months to be added to the index can now be added in just 15 days after the IPA.
• 7:54
  SPEAKER_00: They also removed the rule that said the stock had to have a certain amount of public float.
• 7:59
  SPEAKER_00: And the real bizarre rule change, it's almost like it's written for SpaceX because the float is very small.
• 8:06
  SPEAKER_00: What's the float?
• 8:07
  SPEAKER_00: Say there are a thousand shares or a hundred shares in total of SpaceX, just to keep it simple.
• 8:14
  SPEAKER_00: Only 20 of them will be listed as in like actually traded.
• 8:19
  SPEAKER_00: The other 80 will still be owned by investors who don't want to sell and you're going to borrow against them.
• 8:24
  SPEAKER_00: And usually that would have penalized the stock.
• 8:28
  SPEAKER_00: But NASDAQ has now done something really bizarre.
• 8:31
  SPEAKER_00: If your float is under 20%, they're going to give you a three times boost in the index weighting.
• 8:39
  SPEAKER_00: So what does it mean?
• 8:40
  SPEAKER_00: I mean, in you know, human language.
• 8:42
  SPEAKER_00: It means that within two weeks of SpaceX going public, every Nasdaq index fund, yes, your QQQ fund on Earth is required to start buying SpaceX.
• 8:53
  SPEAKER_00: They have no choice.
• 8:54
  SPEAKER_00: The computer makes them, the rules make them.
• 8:57
  SPEAKER_00: Now, if you zoom out, SpaceX is releasing only a small slice of its shares to the public.
• 9:03
  SPEAKER_00: Most of the company stays locked up with Musk and insiders.
• 9:07
  SPEAKER_00: So there is a very, very small amount of SpaceX stock actually available.
• 9:12
  SPEAKER_00: And on the buyer side, you have hundreds of billions of dollars of automatic index buying that is forced to start within 15 days.
• 9:19
  SPEAKER_00: Tiny supply, permanent forced demand.
• 9:22
  SPEAKER_00: The insiders cannot sell because of the tax bill would eat them alive.
• 9:27
  SPEAKER_00: And they don't need to sell because they can borrow against the shares almost for free.
• 9:31
  SPEAKER_00: So this is a structural squeeze, I'd call it.
• 9:36
  SPEAKER_00: So now you kind of get it, right?
• 9:38
  SPEAKER_00: The insiders can't sell, the tax bill would eat them alive.
• 9:40
  SPEAKER_00: They don't need to sell because they can borrow against their shares for very little.
• 9:44
  SPEAKER_00: And the Nasdaq rewrote the rules so that hundreds of billions of dollars in passive money are forced to buy SpaceX.
• 9:51
  SPEAKER_00: It's unlike anything we've ever seen.
• 9:52
  SPEAKER_00: And that's the good news.
• 9:54
  SPEAKER_00: Now here's the problem.
• 9:55
  SPEAKER_00: You now understand why SpaceX probably won't crash the way Uber and Rivian did.
• 9:59
  SPEAKER_00: You understand the structure.
• 10:01
  SPEAKER_00: But understanding the structure and actually making money from it are two very different things.
• 10:06
  SPEAKER_00: Because do you know when to get in?
• 10:09
  SPEAKER_00: Do you know which stocks in the, say, SpaceX supply chain move first weeks before the IPO even prices?
• 10:17
  SPEAKER_00: Do you know the signal that tells you the passive buying wave is about to hit and once it's finished hitting?
• 10:24
  SPEAKER_00: Do you know which infrastructure place the big institutions have already been loading up on for six months while you are watching YouTube videos?
• 10:31
  SPEAKER_00: They do.
• 10:32
  SPEAKER_00: They know the timeline.
• 10:33
  SPEAKER_00: They know the sequencing.
• 10:35
  SPEAKER_00: They've been in this trade since before you even knew there was going to be an IPA.
• 10:41
  SPEAKER_00: And by the time CNBC runs a segment on it, and you know your friends start talking about it over lunch, you're not early.
• 10:48
  SPEAKER_00: You are what Wall Street calls exit liquidity.
• 10:51
  SPEAKER_00: And that's exactly.
• 10:53
  SPEAKER_00: And what happens is that retail investors again and again and again lose money on these opportunities that get talked about everywhere.
• 11:00
  SPEAKER_00: They chase the popular thing and they lose money because they don't understand the full structure.
• 11:04
  SPEAKER_00: So if you've done that before, maybe you've bought an IPO before or just bought something that was running hot and you still lost money on it, put it in the chat.
• 11:14
  SPEAKER_00: Put hot in the chat.
• 11:16
  SPEAKER_00: Because that's exactly why I'm going to run something for you that I've never done before, I will never do again.
• 11:23
  SPEAKER_00: A free live session this Saturday.
• 11:25
  SPEAKER_00: And I call it the greatest stock market opportunity before the SpaceX Ike.
• 11:32
  SPEAKER_00: And in that live session, I'm going to walk you through three, the exact pre-IPO playbook that the big firms are using, which stocks move first, which stocks move last, and how you position before the HUD even shows up.
• 11:47
  SPEAKER_00: And that's the piece you're missing.
• 11:49
  SPEAKER_00: It's going to be live, it's going to be free.
• 11:51
  SPEAKER_00: There'll be no replay.
• 11:52
  SPEAKER_00: Don't ask for it.
• 11:53
  SPEAKER_00: And whether you're in the US, whether you're in Europe, the session is for you.
• 11:56
  SPEAKER_00: I'm going to run another time.
• 11:57
  SPEAKER_00: You can all join.
• 11:58
  SPEAKER_00: And I will give you Wall Street's greatest playbook.
• 12:01
  SPEAKER_00: So get your free ticket at greatestplaybook.com.
• 12:04
  SPEAKER_00: The link is in the description and pinned to the comment.
• 12:06
  SPEAKER_00: You can click on it.
• 12:07
  SPEAKER_00: And let me know if you're going to show up for yourself and get Wall Street's greatest playbook.
• 12:12
  SPEAKER_00: Write playbook in the comments, and I know you're going to be there.
• 12:15
  SPEAKER_00: But let's actually get into why SpaceX is being valued and what's being valued at, because the numbers here are genuinely insane.
• 12:24
  SPEAKER_00: And maybe you're thinking, Felix, why aren't you just telling me everything here?
• 12:27
  SPEAKER_00: Well, this video would become really, really long, and YouTube doesn't like really, really long videos.
• 12:32
  SPEAKER_00: Plus, when we do it live, you can actually ask me questions and it'll be a lot more useful.
• 12:36
  SPEAKER_00: So join me on Saturday.
• 12:38
  SPEAKER_00: But I want to go back to that$28 trillion number.
• 12:45
  SPEAKER_00: Because most people will hear that and assume it's, you know, sort of marketing, whatever.
• 12:49
  SPEAKER_00: But SpaceX broke that number down for the SEC line by line in the actual filing.
• 12:54
  SPEAKER_00: And here's what it says: they say$370 billion from space itself.
• 13:01
  SPEAKER_00: That's the launches, the satellites, the rocket business, the stuff that people consider to be the SpaceX business.
• 13:08
  SPEAKER_00: 1.6 trillion from connectivity.
• 13:12
  SPEAKER_00: That's Starlink.
• 13:13
  SPEAKER_00: That's internet from space.
• 13:15
  SPEAKER_00: And they split this into 800 billion for Starlink broadband, like the dish you put on your roof and that sort of thing, and then 745 billion from Starlink mobile, which is basically going to replace every mobile phone network.
• 13:29
  SPEAKER_00: But that's not even the big stuff.
• 13:31
  SPEAKER_00: So not only will there be the telecoms company for every country in the world, the Wi-Fi for every country in the world, the mobile phone network for every country in the world, there is a bigger pie here.
• 13:42
  SPEAKER_00: And it is AI.
• 13:44
  SPEAKER_00: So let me break that AI number down for you because it's what makes everything kind of make sense.
• 13:50
  SPEAKER_00: 26 trillion is a ludicrous number.
• 13:52
  SPEAKER_00: So let's understand what that means.
• 13:54
  SPEAKER_00: So we have 2.4 trillion for basically hardware, so chips and data centers and all that stuff that AI needs to run.
• 14:04
  SPEAKER_00: Better consumer AI subscriptions has only about$60 billion.
• 14:08
  SPEAKER_00: So we're going to skip over that.
• 14:09
  SPEAKER_00: You know, grok, that kind of thing.
• 14:11
  SPEAKER_00: 600 billion, these numbers are so ludicrously large, right?
• 14:15
  SPEAKER_00: 600 billion in advertising, yeah.
• 14:18
  SPEAKER_00: And you might think advertising is a weird business.
• 14:20
  SPEAKER_00: Well, Google's business is entirely advertising.
• 14:23
  SPEAKER_00: Meta's business is entirely advertising because SpaceX now owns X, the platform, you know, Twitter.
• 14:29
  SPEAKER_00: And then we've got the big deal.
• 14:31
  SPEAKER_00: 22 trillion in basically corporate applications.
• 14:37
  SPEAKER_00: So business to business.
• 14:39
  SPEAKER_00: And that's AI tool sold to every business on earth.
• 14:42
  SPEAKER_00: Now, the bears are going to say SpaceX is never going to capture all of that.
• 14:46
  SPEAKER_00: And the Bears are right.
• 14:48
  SPEAKER_00: SpaceX will not capture$27 trillion of B2B business, but they don't need to.
• 14:56
  SPEAKER_00: Watch this math.
• 14:57
  SPEAKER_00: If they just get 10% of that addressable market, that's about three trillion dollars in annual revenue.
• 15:05
  SPEAKER_00: We're talking about like a 10-year time horizon here, right?
• 15:08
  SPEAKER_00: Now the entire SP 500, so the entire SP 500 today does about 18 trillion in revenue.
• 15:18
  SPEAKER_00: So 10% of the addressable market is about one-sixth of the entire SP 500, one company.
• 15:28
  SPEAKER_00: And that's why the valuation goes from 2 trillion to 10 trillion.
• 15:33
  SPEAKER_00: You don't need everything to go right.
• 15:36
  SPEAKER_00: You just need them to capture a slice.
• 15:38
  SPEAKER_00: A slice is enough.
• 15:40
  SPEAKER_00: Now, talking of slices, there are some small cap stocks that I'm looking at to write this wave.
• 15:45
  SPEAKER_00: I'm going to walk you through that in a second, so stick with me.
• 15:48
  SPEAKER_00: But it isn't just AI that Wall Street is underpricing, in my humble opinion.
• 15:53
  SPEAKER_00: It is also SpaceX.
• 15:55
  SPEAKER_00: SpaceX is the fastest scaling product in telecom history.
• 16:00
  SPEAKER_00: 2023, they had 2 million users.
• 16:02
  SPEAKER_00: Right now they got 10 million.
• 16:04
  SPEAKER_00: So they just went in three years, less than three years, two and a half years, from 2 million to 10 million users.
• 16:10
  SPEAKER_00: Five times jump.
• 16:12
  SPEAKER_00: And the growth is actually accelerating.
• 16:14
  SPEAKER_00: It isn't slowing down.
• 16:16
  SPEAKER_00: This is the biggest part of SpaceX's business right now.
• 16:21
  SPEAKER_00: 61% of revenue.
• 16:22
  SPEAKER_00: Rockets is only a tiny part.
• 16:24
  SPEAKER_00: I love using Starlink.
• 16:25
  SPEAKER_00: It's amazing when you travel.
• 16:27
  SPEAKER_00: You can sit anywhere you like and you can use Starlink.
• 16:29
  SPEAKER_00: You can be on a yacht, you can be in the woods, you can be anywhere you want, and you've got perfect Wi-Fi.
• 16:36
  SPEAKER_00: And the traditional telecom companies, you know, that's Verizon or ATT, Vodafone or whatever, they had to dig billions of dollars of fiber optic cables into the ground, put up all these mobile phone masks, cost them a fortune.
• 16:49
  SPEAKER_00: SpaceX just puts up satellites.
• 16:52
  SPEAKER_00: And then you get reception everywhere in the world.
• 16:56
  SPEAKER_00: So it's a structural cost advantage.
• 16:59
  SPEAKER_00: AT ⁇ T can't do it.
• 17:01
  SPEAKER_00: Vodafone can't do it.
• 17:03
  SPEAKER_00: And it just means SpaceX makes the same product for a fraction of what the old companies could make it for.
• 17:09
  SPEAKER_00: So they can undercut and steal all of the telecoms company's customers.
• 17:15
  SPEAKER_00: So if I was going to short something today, it'd be telecoms companies.
• 17:18
  SPEAKER_00: And I'm not a registered financial wiser, I'm telling you what to buy, I'm just saying, right?
• 17:21
  SPEAKER_00: So mobile companies here become pointless.
• 17:26
  SPEAKER_00: But the real shift comes in this.
• 17:27
  SPEAKER_00: Right now you need a Starlink dish to get the service.
• 17:30
  SPEAKER_00: But Starlink mobile, which is already being tested with T-Mobile, works directly with the phone in your pocket.
• 17:39
  SPEAKER_00: You don't need a dish, you don't need a router.
• 17:42
  SPEAKER_00: Your iPhone becomes a Starlink terminal.
• 17:45
  SPEAKER_00: So when that goes mainstream, SpaceX is no longer competing with Verizon ATT.
• 17:53
  SPEAKER_00: It's just fully replacing them globally in every country.
• 17:59
  SPEAKER_00: Okay, but let's talk about something that made me really sit up straight when I when I was reading the filing.
• 18:04
  SPEAKER_00: It's Elon Musk's compensation package.
• 18:08
  SPEAKER_00: There are two awards here.
• 18:10
  SPEAKER_00: One is the SpaceX CEO Award, and the other is something called the AI CEO Award.
• 18:15
  SPEAKER_00: It's got very specific conditions attached to it.
• 18:18
  SPEAKER_00: SpaceX has to build, I'm quoting this from the filing, non-Earth-based data centers capable of delivering a hundred terawatts of compute per year.
• 18:29
  SPEAKER_00: So it's data centers in space, right?
• 18:31
  SPEAKER_00: And you might laugh at that.
• 18:32
  SPEAKER_00: I get that.
• 18:32
  SPEAKER_00: Sounds like science fiction, but this is an illegal document with the US government, right?
• 18:38
  SPEAKER_00: You can't lie in this document, it becomes a federal crime.
• 18:41
  SPEAKER_00: And there's a reason it makes sense.
• 18:43
  SPEAKER_00: Data centers.
• 18:43
  SPEAKER_00: There's giant warehouses full of computer chips that run on things like ChatGPT, they have two big problems.
• 18:49
  SPEAKER_00: The first problem they have is they need an insane amount of power that we can't really generate.
• 18:56
  SPEAKER_00: And the second problem is that they generate an insane amount of heat.
• 19:01
  SPEAKER_00: And on Earth, you have to pay a lot of money to cool them.
• 19:05
  SPEAKER_00: You need water, you need air conditioning, the size of buildings, you need a power grid that can handle it.
• 19:11
  SPEAKER_00: In space, you have that problem.
• 19:13
  SPEAKER_00: Space is naturally minus 270 degrees Celsius, that is.
• 19:22
  SPEAKER_00: So cold, it doesn't really matter whether it's the zero Celsius or Fahrenheit, right?
• 19:25
  SPEAKER_00: It's just cold.
• 19:26
  SPEAKER_00: But it's free cooling.
• 19:27
  SPEAKER_00: And the sun beams down energy 24 hours a day with no clouds in the way.
• 19:33
  SPEAKER_00: So you get free electricity.
• 19:35
  SPEAKER_00: So the biggest cost in running data centers, solved.
• 19:39
  SPEAKER_00: And SpaceX is the only company on Earth that has the rockets to actually get giant equipment up there cheaply.
• 19:46
  SPEAKER_00: Nobody else is even close.
• 19:47
  SPEAKER_00: So SpaceX can actually build data centers in space that are structurally cheaper than anything on Earth.
• 19:54
  SPEAKER_00: And that means every AI company in the world becomes a customer.
• 19:58
  SPEAKER_00: You know, OpenAI anthropic, everybody.
• 20:01
  SPEAKER_00: And no one's pricing this in.
• 20:02
  SPEAKER_00: Wall Street is still pricing SpaceX as a rocket company.
• 20:05
  SPEAKER_00: They're not pricing in the AI cloud play, they're not pricing in the cooling mode, they're not pricing in the energy mode.
• 20:11
  SPEAKER_00: The market hasn't really woken up to this yet because we are always dubious of innovation.
• 20:17
  SPEAKER_00: So he's still with me up at this point.
• 20:18
  SPEAKER_00: I see the watch time data, so I know you're still here.
• 20:21
  SPEAKER_00: You're the kind of viewer who actually makes money opportunities like this, right?
• 20:26
  SPEAKER_00: The picks are coming straight up, so stick around.
• 20:29
  SPEAKER_00: But just understand for a moment how much Elon Musk personally believes in this business.
• 20:33
  SPEAKER_00: Because the filing tells us exactly how much.
• 20:37
  SPEAKER_00: He basically gets 300 million shares when we hit a six and a half trillion market cap.
• 20:43
  SPEAKER_00: And then 15 milestones along the way.
• 20:47
  SPEAKER_00: And one of those milestones is a human colony on Mars with at least 1 million inhabitants.
• 20:54
  SPEAKER_00: This is literally the SEC filing, right?
• 20:56
  SPEAKER_00: So it's a contract, you can't make this up.
• 20:58
  SPEAKER_00: And if he delivers all of this, all of these insanely ambitious targets, he might get paid$700 billion plus.
• 21:07
  SPEAKER_00: This is the most incentivized CEO on the planet.
• 21:11
  SPEAKER_00: And the part that matters for you and me is not the headline, but the structure.
• 21:16
  SPEAKER_00: Elon Musk signed a legal document that says he doesn't get the bulk of his payday unless SpaceX hits$7.5 trillion in market cap.
• 21:28
  SPEAKER_00: $1.5 trillion.
• 21:30
  SPEAKER_00: We expect SpaceX to list at about$1.75 trillion.
• 21:35
  SPEAKER_00: So Elon Musk appears to believe that we're going to get a 5x here from the IPO price.
• 21:42
  SPEAKER_00: That's what he needs to unlock his money.
• 21:44
  SPEAKER_00: So he doesn't think$2 trillion is the ceiling.
• 21:47
  SPEAKER_00: He thinks$2 trillion is the floor, the starting point.
• 21:51
  SPEAKER_00: Now, am I slightly concerned about insider selling, despite what I just said?
• 21:56
  SPEAKER_00: Yes.
• 21:57
  SPEAKER_00: Because these guys will do something that is called.
• 22:00
  SPEAKER_00: Hedging.
• 22:00
  SPEAKER_00: And I'm not going to walk you through it because it'll bore the pants off you, but it'll have a slightly depressing effect on the stock price.
• 22:08
  SPEAKER_00: And they're going to do that up to the point where, well, probably beyond the point where they can start to sell.
• 22:15
  SPEAKER_00: Because insiders are locked up for 180 days, most of them, after the IPO.
• 22:23
  SPEAKER_00: It means they can't sell for six months.
• 22:25
  SPEAKER_00: But Elon Musk and certain large investors are locked up for 366 days.
• 22:32
  SPEAKER_00: So full year.
• 22:34
  SPEAKER_00: Lost a day for some strange reason.
• 22:36
  SPEAKER_00: So Musk can't sell.
• 22:37
  SPEAKER_00: So literally the guy who controls 85% of the voting power of SpaceX has chosen voluntarily to lock himself up for a full year.
• 22:46
  SPEAKER_00: No escape hatches, right?
• 22:47
  SPEAKER_00: And that's someone who's not selling.
• 22:49
  SPEAKER_00: That's someone who is holding, building.
• 22:53
  SPEAKER_00: So you've got the playbook now.
• 22:55
  SPEAKER_00: You've seen the squeeze potential from the Nasdaq rules.
• 22:58
  SPEAKER_00: You've seen the total addressable market, you've seen how big a deal starling could be.
• 23:02
  SPEAKER_00: You've seen the space data centers, you've seen Elon's own pay package betting on a$10 trillion outcome.
• 23:09
  SPEAKER_00: But look, if you've ever been burned on an IPO before, or any kind of highly hyp stock, I'm not here to try and make you feel, you know, the daft, because you're not daft.
• 23:21
  SPEAKER_00: You weren't duft.
• 23:22
  SPEAKER_00: You just didn't have the full playbook.
• 23:25
  SPEAKER_00: You saw a company you believed in, the numbers looked incredibly good, everyone was talking about it, everybody was excited, and you did what felt rational.
• 23:33
  SPEAKER_00: You bought it.
• 23:34
  SPEAKER_00: And then six months later, the stock was cut in half.
• 23:36
  SPEAKER_00: The insiders were on a yacht, and you were holding the back.
• 23:40
  SPEAKER_00: And that happens again and again.
• 23:41
  SPEAKER_00: And it pisses me off that this happens again and again because it's not a money problem.
• 23:47
  SPEAKER_00: It's not a how clever you are problem.
• 23:50
  SPEAKER_00: It's a skill problem.
• 23:52
  SPEAKER_00: Because Wall Street plays a different game.
• 23:54
  SPEAKER_00: They know these details, they know when the lockup expires, they know which insiders have the most to sell.
• 24:00
  SPEAKER_00: They've already positioned in the supply chain place months before the ticker even hits your brokerage app.
• 24:07
  SPEAKER_00: So by the time you are allowed to click buy, they were quite possibly selling.
• 24:12
  SPEAKER_00: And this isn't conspiracy theory.
• 24:14
  SPEAKER_00: That's literally just how this works.
• 24:16
  SPEAKER_00: Now, I mentioned earlier we're going to run a live free session this Saturday, the greatest stock market opportunity before SpaceX IPOs.
• 24:24
  SPEAKER_00: I really do think that is what this is.
• 24:26
  SPEAKER_00: And I promise to you is that if you show up for this, you will never ever walk into another IPO blind again.
• 24:33
  SPEAKER_00: You will never walk into a hyped stock blind again.
• 24:36
  SPEAKER_00: You'll know where Wall Street's positioned before everybody else even realizes it.
• 24:41
  SPEAKER_00: You'll know the setup, the timeline, and the signals that tell you when the smart money is leaving the building.
• 24:47
  SPEAKER_00: And I can prepare the most beautiful presentation for you and teach it to you in a way that the 12-year-old can understand.
• 24:52
  SPEAKER_00: But it only works if you show up for yourself.
• 24:55
  SPEAKER_00: Not for me, but for yourself.
• 24:56
  SPEAKER_00: I'll be finding the way.
• 24:57
  SPEAKER_00: So this is about whether you want to be the one buying what insiders are selling, or if you want to be the one who actually understands the full game, the full framework.
• 25:08
  SPEAKER_00: It's free, it's live, you can ask me anything you want.
• 25:11
  SPEAKER_00: So get your free ticket at greatestplaybook.com.
• 25:14
  SPEAKER_00: We're never going to run this again because there will never be another IPO as big as this for a very long time.
• 25:20
  SPEAKER_00: So this is a one-time chance to learn this framework and actually still have time to benefit from it.
• 25:27
  SPEAKER_00: So if you're going to join us, write SpaceX in the comments right now.
• 25:31
  SPEAKER_00: And that way I know you're going to be there.
• 25:32
  SPEAKER_00: I know you're going to be serious.
• 25:34
  SPEAKER_00: So let's talk about what makes SpaceX different from other IPO disasters I just showed you.
• 25:40
  SPEAKER_00: Because there is literally a bull case case here, and it's a pretty strong one.
• 25:44
  SPEAKER_00: And it starts with the specific stocks I'm looking at myself.
• 25:49
  SPEAKER_00: There are five plays here, five fingers even that I want to walk you through.
• 25:52
  SPEAKER_00: From the most obvious to the most boring, I've organized them.
• 25:55
  SPEAKER_00: Play number one is the supply chain, Horse SpaceX, you know, the picks and shovel plays.
• 26:01
  SPEAKER_00: And you've heard the first three at the start of this video that we talked about here.
• 26:05
  SPEAKER_00: We talked about RDW, we talked about V O, if I could spell V-O-Y-G, Voyager, and we talked about Fly.
• 26:15
  SPEAKER_00: Up 163%, 86%, 69% since I made a last video.
• 26:20
  SPEAKER_00: And that doesn't guarantee you're going to make money on this going forward, which is why you need to understand the framework and not the stock picks, right?
• 26:29
  SPEAKER_00: But if you got in on this and you understood it, you've I've got a good process for locking in profits.
• 26:34
  SPEAKER_00: Congratulations.
• 26:35
  SPEAKER_00: If you didn't get into these, I would buy these only on a pullback.
• 26:38
  SPEAKER_00: Again, something I'll walk you through on the weekend if you wish.
• 26:41
  SPEAKER_00: But the trade isn't over yet because the SpaceX IPO hasn't even happened yet.
• 26:46
  SPEAKER_00: So pay full attention to the risk management part here.
• 26:49
  SPEAKER_00: These are small companies, right?
• 26:50
  SPEAKER_00: They've moved fast both ways.
• 26:53
  SPEAKER_00: Now the second play, and this is less risky, this risk with all investments, obviously, this is the chip supply chain.
• 27:00
  SPEAKER_00: And this is the kind of setup that the pros have been in for a long time.
• 27:05
  SPEAKER_00: And I want to break that down for you on the weekend, including some opportunities that are alive and kicking right now, because SpaceX is building a new AI chip.
• 27:13
  SPEAKER_00: They call it the AI 5.
• 27:17
  SPEAKER_00: And to build the AI side of this business, they need three companies, more than anyone else on Earth.
• 27:24
  SPEAKER_00: One of them is Taiwan Semiconductor, TSMC.
• 27:28
  SPEAKER_00: They make every advanced chip on Earth, every SpaceX chip will go through their factory.
• 27:35
  SPEAKER_00: They're the most dominant company in the market in the world.
• 27:39
  SPEAKER_00: The second company is Intel.
• 27:41
  SPEAKER_00: The shift to what's called agentic AI, AI that does tasks, not just answers questions, it just does things on its own, is changing the demand mix from these graphics chips back to CPUs, you know, we used to have.
• 27:56
  SPEAKER_00: Intel is the CPU monopoly, essentially, although Nvidia started making them too, but they don't have a foundry.
• 28:04
  SPEAKER_00: Intel is still pretty beaten up.
• 28:05
  SPEAKER_00: And when a stock's been left for debt for like a decade and then suddenly doubles as it just is, it's potentially this the first leg.
• 28:13
  SPEAKER_00: It's not the last leg, right?
• 28:14
  SPEAKER_00: There's there's space here.
• 28:15
  SPEAKER_00: And then we've got Amcor, and this is the really boring one: chip packaging.
• 28:21
  SPEAKER_00: The step, not not the not the cardboard box.
• 28:24
  SPEAKER_00: We're not going that far in the boringness, but it's the step that turns the actual silicon chip into something that can be put in a device.
• 28:32
  SPEAKER_00: And Amcor just built a factory seven miles from TSMC's Arizona facility, which isn't a coincidence.
• 28:39
  SPEAKER_00: That's the supply chain reorganizing in real time.
• 28:43
  SPEAKER_00: That's the second play.
• 28:44
  SPEAKER_00: Now, the third play, numero thres, is the actual IPO.
• 28:50
  SPEAKER_00: When SpaceX goes public, a meaningful slice of the shares will be reserved for retail investors, and you can get them through Schwab, Robinhood, SFI, other platforms, and so on.
• 29:00
  SPEAKER_00: You can put in an application, request it now, don't wait until last day, and then you're gonna get a small allocation.
• 29:07
  SPEAKER_00: But the asymmetry is huge.
• 29:09
  SPEAKER_00: If you get even a few hundred shares at IPO price, and the squeeze plays out the way I think it might, there is some upside here.
• 29:17
  SPEAKER_00: Now, there is a risk with every investment decision, and you're gonna take control and you're gonna take responsibility for your own decisions.
• 29:23
  SPEAKER_00: I, as I say, not a financial advisor.
• 29:26
  SPEAKER_00: But there is also a fourth play.
• 29:29
  SPEAKER_00: And the fourth play is the simplest, the most boring, and the one that I would highly recommend.
• 29:35
  SPEAKER_00: Not that I give financial advice.
• 29:37
  SPEAKER_00: Winston, come on here.
• 29:39
  SPEAKER_00: Sit down.
• 29:40
  SPEAKER_00: Do you walk us through choice number four, Winston?
• 29:42
  SPEAKER_00: It is the NASDAQ itself.
• 29:45
  SPEAKER_00: QQQ.
• 29:46
  SPEAKER_00: It's the Nasdaq ETF.
• 29:48
  SPEAKER_00: And the reason this works is that remember the rule change we talked about.
• 29:51
  SPEAKER_00: Remember that NASDAQ is going to force by SpaceX into the index within 15 days.
• 29:58
  SPEAKER_00: And they're then going to overweight it by three times because of the small float, which means if you own QQQ, the index is automatically buying SpaceX for you.
• 30:08
  SPEAKER_00: So you get the squeeze without trying to time the squeeze.
• 30:11
  SPEAKER_00: And this is the most honest call I can give you.
• 30:14
  SPEAKER_00: If you don't trade actively, if you're a beginner, this is the play.
• 30:18
  SPEAKER_00: And ironically, it's probably what wins in the long term.
• 30:21
  SPEAKER_00: But I never ever look at a stock.
• 30:24
  SPEAKER_00: Winston doesn't either, unless we looked at risk.
• 30:28
  SPEAKER_00: And there are three rules I want to give you, and we're going to get a lot deeper on this on the weekend and look at opportunities, particularly.
• 30:33
  SPEAKER_00: I want to really look at opportunities here that I'm just SpaceX, but you know, in that space.
• 30:38
  SPEAKER_00: You need to have an exit rule.
• 30:39
  SPEAKER_00: You need to know when to sell.
• 30:41
  SPEAKER_00: And most people on Wall Street agree that by the time we get to the end of the lockup period, there will be some selling.
• 30:50
  SPEAKER_00: Not as much, I think, as people think, because most people will hold and borrow against their shares.
• 30:54
  SPEAKER_00: But just the fear of people selling will make people sell.
• 30:57
  SPEAKER_00: You see what I mean?
• 30:58
  SPEAKER_00: And that might be an opportunity.
• 31:00
  SPEAKER_00: It might be an opportunity to potentially make some money from now to lockup, get out before, well before the lockup, and then re-enter if that creates a dip.
• 31:10
  SPEAKER_00: But I want to be very honest with you here.
• 31:12
  SPEAKER_00: There is a huge risk to this.
• 31:14
  SPEAKER_00: And the huge risk is called Elon Musk.
• 31:17
  SPEAKER_00: If Elon Musk loses his marbles, the whole thing blows up.
• 31:22
  SPEAKER_00: Because Elon's companies are amazing and incredible because of Elon.
• 31:28
  SPEAKER_00: Simple, right?
• 31:29
  SPEAKER_00: Greatest founder, greatest CEO, I'd argue, alive.
• 31:34
  SPEAKER_00: And doesn't mean you have to agree with everything he does, but he's creating stuff that no one's ever created before, right?
• 31:38
  SPEAKER_00: He's he's landing rockets back on Earth.
• 31:42
  SPEAKER_00: And if you think about that, imagine every time you got onto a plane and you flew LA to Chicago, and the plane lands, everyone gets out, and then they blow up the plane every single time.
• 31:54
  SPEAKER_00: That's what we've been doing with rockets going to space.
• 31:58
  SPEAKER_00: How much do you think your flight ticket would cost if every single time you flew, they would just blow up the plane?
• 32:04
  SPEAKER_00: Well, SpaceX and Elon have fixed that.
• 32:07
  SPEAKER_00: They were using the rockets, right?
• 32:09
  SPEAKER_00: So the guy thinks on a level that very, very few founders think on.
• 32:13
  SPEAKER_00: And it he also executes on a level that nobody else seems to do.
• 32:17
  SPEAKER_00: So if Elon is no longer compass mentors or around for some reason, in the early stages of SpaceX really scaling now, it's a problem.
• 32:29
  SPEAKER_00: And you might think, oh, it's very unlikely.
• 32:30
  SPEAKER_00: Yeah, it's very unlikely, but you know, you've got to plan for the unlikely, right?
• 32:33
  SPEAKER_00: That's why you have car insurance, right?
• 32:35
  SPEAKER_00: You don't buy car insurance because you're planning on you know hitting a tree or running somebody over.
• 32:40
  SPEAKER_00: But so what I really want you to take away from everything I just showed you, and I know there's a lot of stuff, which is why I gave you that free research talk at the beginning.
• 32:47
  SPEAKER_00: SpaceX is probably the most exciting company on earth.
• 32:50
  SPEAKER_00: The market they're going after is incomprehensibly large.
• 32:53
  SPEAKER_00: Starlink alone could be worth more than most countries' entire economies.
• 32:59
  SPEAKER_00: The rocket launch business is pretty much a monopoly right now.
• 33:02
  SPEAKER_00: It's also going to be the biggest financial event of at least a decade.
• 33:06
  SPEAKER_00: But knowing that I will not help you, because knowing SpaceX is a great company is not an investment strategy.
• 33:13
  SPEAKER_00: It's a headline.
• 33:14
  SPEAKER_00: And I can tell you right now, SpaceX is going to be massive.
• 33:18
  SPEAKER_00: Most retail investors, however, will still lose money on it.
• 33:21
  SPEAKER_00: Like I talk about stocks sometimes.
• 33:23
  SPEAKER_00: You talked about one a little while ago that was called UUUU, went up 300% on the point I made a video.
• 33:28
  SPEAKER_00: People complained to me in the comments that they'd lost 70% on the stock.
• 33:32
  SPEAKER_00: Put my hair out.
• 33:33
  SPEAKER_00: But it also just shows me that the gap in financial education is huge and we gotta do something about it.
• 33:38
  SPEAKER_00: Those guys lost money because they didn't know the game that Wall Street's playing, where the big money moves from A to B.
• 33:45
  SPEAKER_00: And if you're sitting there on IPO day and you're placing a market order to buy some of that stock, you're not really an investor.
• 33:53
  SPEAKER_00: You're a customer.
• 33:55
  SPEAKER_00: You are Wall Street's customer, and they love it.
• 33:59
  SPEAKER_00: And that's why I'm going to do this session for you on Saturday, live, free, one time.
• 34:04
  SPEAKER_00: It's called the greatest stock market opportunity before the SpaceX IPO.
• 34:09
  SPEAKER_00: And I'm going to teach you how Wall Street finds these opportunities.
• 34:12
  SPEAKER_00: I'm going to walk you through Wall Street's exact pre-IPO playbook, the signals they watch, the timeline, the opportunities.
• 34:18
  SPEAKER_00: And I get it, people want me to tell them buy SpaceX.
• 34:21
  SPEAKER_00: They don't want to hear learn the game before you play it.
• 34:25
  SPEAKER_00: Learn the rules before you enter the court.
• 34:28
  SPEAKER_00: But learning the game is the only thing that separates the people who make money from the people who make Wall Street money.
• 34:35
  SPEAKER_00: So don't be that guy.
• 34:36
  SPEAKER_00: Show up, show up for yourself.
• 34:38
  SPEAKER_00: Links in the description.
• 34:39
  SPEAKER_00: It is entirely free.
• 34:40
  SPEAKER_00: Timing will work for you guys in the US.
• 34:42
  SPEAKER_00: It'll work for you in Europe.
• 34:43
  SPEAKER_00: It'll probably even work for people in Asia.
• 34:46
  SPEAKER_00: Links in the comments, grab your free ticket, bring your questions.
• 34:49
  SPEAKER_00: You can ask me with your big, great, big lead QA at the end.
• 34:53
  SPEAKER_00: And if this video has helped you or it's just surprised you in some ways, and you're not just getting hype here, but the actual mechanics, then share it.
• 35:02
  SPEAKER_00: Send the link to someone who's about to put their savings into the IPO without really understanding the game, and they'll thank you later.
• 35:10
  SPEAKER_00: And I'll see you on Saturday.