Long.

Joined November 2016
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New pod is up! Continuing on with going A-Z in $IGV $FICO, $FIVN, $FRSH $FTNT $GTLB $GWRE $HUBS $HUT $IDCC $INTA $INTU $IOT $KVYO $LIF $LSPD $MAHN $MARA $MSFT $MSTR
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Andrew Kuhn retweeted
With SpaceX IPOing today, I'll never forget this Warren Buffett quote about valuations: "It’s far better to buy a really cool rocket company at an astronomical price than a boring company at a wonderful price."
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Andrew Kuhn retweeted
Never give up
> you’ll never start a rocket company > you’ll never build your own engines > you’ll never be able to use off-the-shelf parts > you’ll never survive three launch failures > you’ll never reach orbit > you’ll never win NASA’s trust > you’ll never launch cargo to the ISS > you’ll never compete with Boeing > you’ll never compete with Lockheed > you’ll never make rockets reusable > you’ll never land a rocket vertically > you’ll never land one on a drone ship > you’ll never reuse a booster > you’ll never fly the same booster 10 times > you’ll never fly the same booster 20 times > you’ll never fly the same booster 30 times > you’ll never recover and reuse the fairing > you’ll never lower launch costs > you’ll never launch every month > you’ll never launch every week > you’ll never launch multiple times a week > you’ll never carry astronauts > you’ll never replace Roscosmos > you’ll never fly civilians to orbit > you’ll never manufacture satellites at scale > you’ll never build the biggest constellation ever > you’ll never make satellite internet work > you’ll never make satellite internet fast > you’ll never make satellite internet affordable > you’ll never serve rural customers > you’ll never serve aircraft and ships > you’ll never build a methane rocket engine > you’ll never make full-flow staged combustion work > you’ll never build the most powerful rocket ever > you’ll never build a rocket bigger than Saturn V > you’ll never build it out of stainless steel > you’ll never launch Starship > you’ll never separate Super Heavy and Starship > you’ll never relight Raptor in space > you’ll never bring Super Heavy back > you’ll never catch a booster with Mechazilla tower arms > you’ll never launch 85% of mass to orbit worldwide > you’ll never change the economics of space > you’ll never force the entire industry to copy you > you’ll never win > you’ll never IPO   Congratulations to @elonmusk and the SpaceX team. You did what countless people said was impossible, and you did it time and time again.   Today is your day. You deserve this. May it be a glorious one.
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Andrew Kuhn retweeted
SpaceX will IPO tomorrow Here's the bull case: Target valuation is $1.75 trillion But that's just on Earth There are 8 planets in our solar system That's $14 trillion in potential value But when you factor in the other 100 billion planets in our galaxy? $1.4 septillion. Woah.
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US strikes Iran: Market goes down 0.5% US strikes on Iran paused: Market goes up 1.3% We just found the infinite money glitch
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Me getting ready for the SpaceX IPO tomorrow (I own 2 shares)
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Disciplined value investor who dollar-cost averaged into diversified index funds over decades (bottom) Vs. Tech investor who went all in on Tesla in 2015 because he “believed in Elon” (top)
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If we strip out gas, electricity, food, and everything else except milk, inflation was actually negative last month
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Just got my hands on the sell-side research for the Anthropic IPO Honestly, 40x EBITDA isn't a bad price for such a fast-growing business!
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ALT Christopher Reeve Reaction GIF

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Wall Street after the SpaceX, OpenAI, and Anthropic IPO fees hit
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SpaceX Series A investors vs. SpaceX IPO investors
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Oil investors when the war started, the Strait of Hormuz closed, and oil hit $120 Oil investors when the war's still on, the Strait's been closed 100 days, and oil is at $91
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"Wow, you've been in Bitcoin for 6 years? You must be so rich by now!"
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172,000 news jobs 20% of those paychecks can go into the SpaceX IPO Time to revise the target valuation to $5 trillion
BREAKING: The US economy adds 172,000 jobs in May, crushing expectations of 85,000. The unemployment rate was 4.3%, in-line with expectations of 4.3%. April's jobs number was also revised UP by 64,000 jobs. This marks the second strongest US jobs report in 13 months.
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GOLDMAN SEES SPACEX AI REVENUE EXPLODING TO $322B BY 2030 Goldman Sachs projects SpaceX AI revenue rising from $3.2B in 2025 to $322B by 2030, a ~100x increase, forming the core justification for its $1.78T IPO valuation. Total revenue is forecast to reach $474B, with Starlink at $144B and rockets at $8.3B. AI segment growth is tied to aggressive market assumptions despite current losses and execution concerns around xAI. Overall EBITDA is seen surging to $352B by 2030.
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After months of warnings, it looks like the AI Bubble finally just popped Stay safe out there everyone
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Finally got my hands on the sell-side analysis that explains why SpaceX is worth $1.75 trillion
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