The Next Most Valuable Company In The World?

**Kyle Reidhead** (0:00)
If it ends up that Anthropic and Open AI get underpriced by the open source models, the Chinese models, and they need to drive token price down a ton, like that completely fucks their businesses. And so they become a very, like a big target for someone to buy. And I mean, no one is better positioned to do that than SpaceX.

**LGDU Set** (0:21)
What's up, everybody? It's LGDU Set here, and welcome to Milk Road AI, the almost daily AI show that wants to be the first podcast to record on the moon, but definitely does not want to be the last podcast to record on the moon. Today is June 17th, 2026, recording on June 16th. Today we debate SpaceX, why it's going up so aggressively right now, and what its future plans are for a moon base as it relates to Elon's pay package, or something a lot of people don't know. That naturally dovetails into a discussion about Grok and SpaceX's acquisition of Cursor and what the fate of the other LLMs, the other trillion dollar IPOs coming, actually looks like and how they can survive in a non-token premium world. We got the whole squad for this one, and a reminder that you can see their entire portfolios, including Melvin's that is up 60 percent since March in Milk Road Pro for just a dollar trial. The link is in the description. Today's episode is brought to you by Nexo, Earn Interest, Borrow and Trade Crypto, and BitGet, stocks 2 with real liquidity, real dividends. All right, boys, we're back. SpaceX is absolutely ripping 217 as we're recording this, which I don't know if anybody predicts. We didn't do predictions last week, anyways.
But let's go around the horn. We're going to talk a lot about SpaceX, but I want to hear your thoughts on the market outside, both including SpaceX and also just everything else that's going on. Melvin, let's start with you, man. Give me a 60 second rundown of how you're feeling.

**Kyle Reidhead** (1:38)
I feel great, man. I think there was a lot of uncertainty in the market because of SpaceX IPO on Friday. And I think that all basically cleared up. There wasn't any sell off basically from other markets and other sectors. Everything stayed relatively calm.
And then SpaceX started ripping. I think it started ripping on Friday and it continued to rip even today up 16, 70 percent. So extremely bullish on SpaceX and just the market overall. And also Iran and US war seems to be over. They are going to sign a deal or they signed a deal.
So that backdrop will really push us further up. I think it will drop below 80, 90 bucks. So yeah, macro picture looks really well for a run up as well. So I remain bullish.

**LGDU Set** (2:28)
Vincent, how do you feel, man? Do you feel bullish? You were most bearish last week, I feel.

**Vincent** (2:32)
I'm not bearish. I'm not bearish overall. I'm just focused on certain parts of the market where I'm bearish and others I'm bullish on. Stocks are up. That's always good, right? I think that's mainly because of the Iran developments there, even though that remains very volatile from my perspective because, yeah, contracts are not signed yet, and then in the end, it's just a contract, right? If they want to shoot stuff down, they will still do it. So, yeah, my view is not really, that is, it's not really solved yet. But anyways, from an AI perspective, well, obviously, SpaceX is up like crazy, but my focus has been on actually US government shutting down the Fable model of Antropiq. I think that's core news and has some really strong implications on kind of sovereign AI and other countries needing to build out their own infrastructure. Agendic economy, I don't know if you saw the Moonshots podcast with the CEO of Coinbase, Brian Armstrong. Some great data on how much agents are not transacting.
And then token costs, that's for me the thing I'm most focused on. I have a list that we can share later on on how many companies are not coming out and saying token costs are too high.
And yeah, I have some views on what that means for hyperscalers and others as well.

**LGDU Set** (3:48)
We will definitely talk about that. Kyle, I want to get your take on the market before we dive into it.

**Kyle Reidhead** (3:52)
Yeah, I think I don't believe in the Iran-US thing that's going on. Like, yeah, it's great, and maybe they'll sign on Friday, but we've heard this, I don't know, so many times.
That how anyone can believe this just is mind-boggling. It's like we forget, you know, four days back.