SpaceX IPOs at $2.89T Market Cap, US Govt Suspends Fable & Mythos 5, Altman Delays OpenAI’s IPO | EP #265

**Peter H. Diamandis** (0:00)
On Friday, SpaceX pulled off the world's largest IPO ever. This makes Elon the world's first trillionaire by a large margin.

**Salim Ismail** (0:08)
Money becomes kind of irrelevant at this scale.

**Peter H. Diamandis** (0:11)
SpaceX's IPO was the largest single-day creation of millionaires in history. This is what abundance looks like. It's value created, not value extracted. The US government handed Anthropic an Export Control Directive to suspend all access to Fable 5 and Mythos 5 for any foreign nationals anywhere on the planet.

**Dave Blundin** (0:32)
Look, at the end of the day, who owns AI? Is it the government or is it the corporations?

**Peter H. Diamandis** (0:37)
Someone is deciding what level of intelligence you and your company are being allowed to access.

**Dr. Alexander Wissner-Gross** (0:44)
This is new territory.

**Peter H. Diamandis** (0:45)
The faster that recursive self-improvement takes off, the more it could be advantageous for us to delay OpenAI's IPO.

**Dr. Alexander Wissner-Gross** (0:54)
A deeper take that's more profound that I haven't heard anyone discussing, which is...

**Dave Blundin** (1:02)
Now, that's the Moonshot, ladies and gentlemen.

**Peter H. Diamandis** (1:07)
Everybody, welcome to Moonshots. I'm here with my extraordinary Moonshot mates. I'm Peter Diamandis, your host. Alex, good morning. Good to see you in your normal haunt.
Salim, same for you.

**Dr. Alexander Wissner-Gross** (1:16)
Such a slow week, Peter.

**Peter H. Diamandis** (1:18)
It is.

**Dr. Alexander Wissner-Gross** (1:18)
Not much going on.

**Peter H. Diamandis** (1:21)
Understatement of the singularity. And, Dave, where are you today?

**Dave Blundin** (1:26)
Wakefield, Mass, at Vestmark headquarters. $2 trillion asset manager.

**Peter H. Diamandis** (1:31)
Nice. Well, $2 trillion is small these days, you know.

**Dave Blundin** (1:33)
I know. It used to be such a big situation.
Can't even buy a single IPO now.

**Peter H. Diamandis** (1:39)
As always, during the singularity, we have an epic show for you. The world is moving fast, I would dare say, exponential. We're going to start with the biggest news of the week. SpaceX is now a $2.8 trillion public company. Moving exponentially, making Elon the first trillionaire by a wide margin. We're going to talk about why this isn't a stock, but rather a civilizational bet. Next up, we're going to talk about Anthropic versus the US government. Ordering the suspension of Fable 5 and Mythos 5, this is really a fight for who controls your access to frontier intelligence. We'll hit on OpenAI's price war, Altman's thoughts about recursive self-improvement, potentially delaying his IPO, and much, much more. All right, gents, let's get into it. SpaceX, the key story, super excited about this. I hope you guys are too. On Friday, SpaceX pulled off the world's largest IPO ever, opening at $135 a share, closing the first day nearly up 20% to 161 Today's market cap, just looking at it here, it's now at $2.890 trillion.
At this point, third and fourth point, decimal point make a difference. This makes Elon the world's first trillionaire by a large margin.
I'd like to jump in to the IPO with my own thoughts to kick it off because I've been doing a bunch of new shows about this.
People are trying to price the SpaceX IPO as a normal tech company, but it's the last thing from a normal company. This is three converging businesses. The Launch Monopoly and it is a Monopoly. It's the Starlink Cash Engine and it's an AI Frontier Lab, all wrapped around a single thesis that we're in the Singularity and humanity is about to become a multi-planetary species. In this case, you're not buying revenue. You're buying a stake in the future of humanity's economy. Everyone's fixated on rockets, but Starlink is the profit engine. The numbers are stellar. 10 billion subs and over a billion dollars in quarterly profits. Starlink and Alex, you and I have discussed this. It's humanity's new communication layer. It's sort of civilizational infrastructure. And I think of it this way. The launch business is their moat by a huge amount. There's no one close by a factor of 10, maybe by a factor of 100 Starlink is their cash flow and the AI satellites are their future. It's one ticker and three exponential curves. Elon now holds about 82% voting control in SpaceX, but not at Tesla. And for me, this is the rationale and the reason that he is going to merge the two companies, SpaceX and Tesla. I put it at 100%. Polymarket puts it at 37% that it happens by the end of this year. This is Elon's chance to really consolidate his entire stack. Energy, robots, cybercaps, orbital compute into one mega company.
I think of the IPO last Friday not as a finish line, but as a starting gun.