Over a decade in the making. $BTGO

A reminder that as of 2026-06-05 - Antonio Gracias' Valor Digital Investments, LLC has filed a SCHEDULE 13G form disclosing ownership of 12,538,608 shares of BitGo Holdings, Inc. (US: $BTGO) This represents 11.7 percent ownership of the company Dips are opportunities 🏗️

SHAUN MAGUIRE FROM STARBASE: “Elon is the most visionary entrepreneur of all time. I also think he's underappreciated in his operational ability. “He's the best operator in the world. “This combination of being a visionary, just absolute operational grinder, a technical genius, and an amazing salesman like that combination has never existed before.”

All-star SpaceX earliest investors and believers joining in @SquawkStreet: @GavinSBaker @AntonioGracias @shaunmmaguire 10a-noon

Teams are go for launch with a $135 price per share for the SpaceX IPO → spacexipo.com/#priceannounce…

Rick Ross responds to the viral photo of him flying commercial✈️👀 "For the ones who wanna know where my jet at...it's being updated with Starlink...That's that half-a-million-dollar Wi-Fi...I chose to fly commercial to Colombia to go party with Trick Daddy"

Last launch as a private company. End of an era.

The metric I keep coming back to for SpaceX is $/Mbps to orbit Starlink exists because Falcon 9 dropped bandwidth deployment costs ~10x to ~$6.55/Mbps. That’s about to drop again to just $0.30/Mbps because of Starship. A business that is doubling users annually with a 63% adjusted EBITDA margin is about to cut their biggest cost by 95%… It really seems like people don't understand the implications of this. The math assumes a reusable Falcon 9 launch is 17 tonnes at $1,000/kg and 2,600 Gbps per launch. Starship is targeting 100 tonnes at under $185/kg and 61,000 Gbps per launch. That's $17M for 2,600 Gbps ($6.55/Mbps) verse $18.5M for 61,000 Gbps ($0.30/Mbps). Starship's additional volume allows for larger satellites, enabling simultaneous gains on multiple cost curves. The math suggests V3 satellites are ~600 Mbps/kg vs ~150 Mbps/kg from V2 mini. Combining the 4x improvement on satellite bandwidth density with a 5x improvement in launch gets you the 20x improvement to 30 cents per Mbps to orbit. These are fairly conservative assumptions because launch probably comes in even lower as Starship ramps, and satellite improvements probably keep coming. At $0.10 / Mbps, $1 billion spend on launch represents 10,000 Tbps or about 15x the bandwidth of Starlink's constellation today. $1B is 90 days of operating income for Starlink... at it's current scale... Yeah, I really don't think people are getting this. Starlink is the internet now.

A gigawatt AI datacenter costs about $38B capex (and ~$1B/year op ex). The SpaceX v1 orbital datacenter design is 70 kW per ton. At $250/kg launch cost, that's $3.5B per GW, <10% of cap ex. Op ex is lower and there is no permitting. On a few-years timeline this is going to work.

Really fun to interview my old friend Bret Johnsen in Mission Control. Three parts of the @SpaceX story that I wish were more widely discussed: SpaceX has created thousands of good blue-collar jobs: welders, machinists, electricians. Everyone talks about the need to bring high-paying, blue-collar jobs back to America. SpaceX and Tesla are making that happen. To the best of my knowledge, they have created more manufacturing jobs in the US than just about any other American company over the last ten years. It’s hard to imagine our nascent industrial renaissance succeeding without these companies. SpaceX was started with the goal of putting humans on Mars. And along the way, they have massively improved life for many humans on Earth. Mars may be a starter planet, but Earth is our planet, and the technologies developed at SpaceX are already in use today connecting and safeguarding the people of Earth. Starlink is a really efficient way to bring internet to low-income countries. In Kenya’s remote Murang’a County, Starlink has made it possible for patients in rural villages to consult with medical specialists via telemedicine. In the rainforests of Brazil, Starlink has connected schools to reliable high-speed internet that will provide more educational opportunities to students. Here in America, Starlink has proven vital to emergency teams responding to natural disasters. During Hurricane Helene, the Starlink hubs dropped into North Carolina and East Tennessee were often the only contact point between cut-off towns and the outside world. Literally life-saving. This IPO will be a big milestone for the company. It’s important to celebrate this, while also remembering that making humanity multi-planetary is the ultimate goal. Going to Mars is really hard. There have been many setbacks thus far, ranging from fiery explosions to failed landings. There will be many more. Ad Astra Per Aspera. But SpaceX is at its best *after* a setback imo. Their first 3 launches were “failures”. Had the 4th not succeeded, there might not be a SpaceX today. The company’s success in the face of such daunting odds is a testament to the resilience of the culture and absolute commitment to the mission shared by every employee I’ve ever spoken with. Some of the world’s most talented engineers have chosen to live in Airstreams at Starbase away from their families for weeks on end in service of this goal. I will never forget the welders who told me they signed every weld because they wanted to be accountable if they were responsible for a failure. True missionaries, all of them. I am grateful to every single person at SpaceX for helping to make the future as inspirational as possible. And I will be even more grateful if I get to see a blue sunset on Mars! More info on spacexipo.com

That was a short-term loan when I ran out of money in 2008. He did not receive any equity for it. Antonio’s ownership stems from absolute support, even when it looked like SpaceX would fail, and many investments over 2 decades. One could not ask for a better friend. He is a great man.

Step 1: Buy a sh*tload of GPUs Step 2: ? Step 3: Profit

"It will be such that you can run anyone's AI hardware or software on the SpaceX AI satellites." Says Nvidia GPUs, Google TPUs, Amazon's Trainium, or other chips can be put on its AI satellites. In addition, to SpaceX offering their own chips.