Update (9:00pm): just a few minutes after the initial post, the squeeze is accelerating and SPCX hit just shy of $230, or $3 trillion in market cap, surpassing MSFT in value.
Space X is a pretty cool company, doing lots for space exploration, but is it(or any company) worth 3 trillion?
At this point the only thing that comes to mind is the story of JD Rockefeller and the shoeshine boy pre 1929.
Elon Musk's net worth has crossed the trillion-dollar mark, while Wall Street is preparing for a wave of massive IPOs and trillion-dollar valuations. But are these companies creating real value, or are they being fueled by ever-growing amounts of debt?
Lynette Zang and Kenneth Mraz examine the rise of mega IPOs, the explosion of corporate debt, and why some of the largest companies in the world now depend on increasingly complex financing structures. They discuss what these trends may reveal about the financial system, retirement accounts, and the future of purchasing power.
On Jun 16, 2026, MoneyMan said:
At this point the only thing that comes to mind is the story of JD Rockefeller and the shoeshine boy pre 1929.
What are you suggesting? That we are headed for a 1929 level crash?
