Celebrating The SpaceX IPO
Hello everyone. I hope you enjoyed a restful weekend!
The SpaceX IPO was a blockbuster.
$SPCX closed +19% above its $135 IPO price. The largest IPO in history. A ~$2.1T valuation. The sixth-largest public company in America - on day one.
4,400 employees minted into millionaires. And Musk became the world's first trillionaire.
God bless America.
Salute to the early investors. The believers who wrote checks when this was still a long shot.
Talk about inspiring - to watch a dream result in that kind of wealth creation.
I didn't trade the open. But I did press a passion.
The same day SpaceX went public, I went flying.
First time at the helm of a fixed-wing aircraft.
My instructor was Trevor. A seasoned vet I met at the Aspen Airport Advisory Board meeting.
We started with the checklist. A long, cumbersome process. (AI can fix this.)
Trevor gave me the left seat. In a trainer, that's the pilot's chair.
We taxied out, joining the big jets waiting to take off.
While still rolling toward the runway, Trevor asked if I would be responsible for the yoke.
He pressed the throttle. We accelerated.
At rotation speed, I pulled up.
Off we went.
It's hard to put into words. The joy. The rush. The grace of knowing your own hands adds altitude.
Sunday, I found myself at a polo match.
A few planes were supposed to fly in, but high winds restricted this experience.
Big love to Stout Ranch for hosting. *I’ll share more on Stout Ranch later.*
The biggest takeaway from the flight? It's hard. Complex.
It's like learning a new language while operating a heavy piece of machinery that is flying through the air.
TL;DR Autonomous flight is a no-brainer.
Not today. Not tomorrow. But soon.
The first step in the Aerial Economy is autonomy.
CARS → AUTONOMOUS CARS
FLYING THINGS → AUTONOMOUS FLYING THINGS
I digress.
The tape is hot this morning.
The U.S.-Iran deal is “done.” The Strait of Hormuz is open. Oil is down 5%.
And the market is gapping higher - Nasdaq leading, +3%.
Now the test. Does the gap hold into the close?
Over the weekend, I ran hundreds of charts.
There's a trove of names that look ripe to rip.
I pulled the best of them into a chart book.
Godspeed.
