Valuetainment - May 25, 2026


“$28.5 TRILLION” - Musk’s SpaceX IPO Could Break EVERY Record In History


Episode Stats


Length

16 minutes

Words per minute

199.04

Word count

3,200

Sentence count

168

Harmful content

Toxicity

1

sentences flagged


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

SpaceX files for IPO and Elon Musk could be worth $7.5 Trillion dollars. SpaceX is the single biggest IPO in history and could be valued at $7 Trillion. Elon Musk has built multiple trillion dollar companies and is on track to do the same with SpaceX.

Transcript

Transcript generated with Whisper (turbo).
Toxicity classifications generated with s-nlp/roberta_toxicity_classifier .
00:00:00.040 Okay, when I sell my business, I want the best tax and investment advice.
00:00:04.800 I want to help my kids, and I want to give back to the community.
00:00:07.940 Ooh, then it's the vacation of a lifetime.
00:00:12.200 I wonder if my out-of-office has a forever setting.
00:00:15.740 An IG Private Wealth Advisor creates the clarity you need
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00:00:23.480 Get financial advice that puts you at the center.
00:00:26.440 Find your advisor at igprivatewealth.com.
00:00:30.000 Tom, did you want to tell your joke or you want to land?
00:00:33.480 I'm going to give you the opportunity.
00:00:34.980 I want the joke.
00:00:35.880 Let's go to SpaceX.
00:00:36.560 I want to go to SpaceX.
00:00:37.540 SpaceX page 24.
00:00:39.940 So the biggest revelations from the SpaceX S1 filing.
00:00:44.740 Folks, if you're not, listen, some people are trying to run a business that does a million dollars a year.
00:00:49.540 Some run a business doing 10 million a year.
00:00:51.620 Some get to 100 million, which is like, my God, I can't believe we built a 100 million dollar-year business.
00:00:57.420 This guy doesn't build billion-dollar companies.
00:01:00.400 This guy's built multiple trillion-dollar companies.
00:01:03.580 Let me say this again.
00:01:04.860 He's built multiple companies that are not worth multi-billion dollars, multi-trillion dollars.
00:01:11.440 And now SpaceX, which was just an idea, now all of a sudden, you know, the single biggest IPO.
00:01:19.620 So let me read a couple things to it.
00:01:20.980 musk's initiative to build a human colony making life multi-planetary is at the forefront of
00:01:27.340 spacex mission number one number two musk's pay package could be worth up to 737 billion dollars
00:01:35.560 based on the implied share count the filings musk's two performance awards could be worth
00:01:40.440 737 billion dollars so what's your bonus this year folks his is 737 billion if he's able to get this
00:01:46.500 done okay and that is if a one billion share award that vests if spacex reaches a valuation of seven
00:01:54.320 and a half trillion dollars which by the way tom's going to tell you a number that's 28 and a half
00:01:58.580 trillion dollars here in a minute but he'll get to it anthropic is paying a lot for spacex compute
00:02:03.900 anthropic is paying spacex 1.25 billion dollars a month through may of 2029 for access to the rocket
00:02:12.080 companies compute capacity that's a pretty good customer right there musk has massive voting power
00:02:17.500 okay you ready for the voting power let me read it to you voting rights and stock means each share
00:02:22.160 own gives the shareholders one vote on eligible matters except ds1 revealed that musk who serves
00:02:27.780 as a company's chief executive cto and chairman of the board oh my god holds 85.1 percent of 0.96
00:02:37.000 combined voting power which you know what and what it means nobody gets to say shit yeah what
00:02:41.880 he says is going to happen and grok's capex was higher than starships the s1 laid out capital
00:02:48.560 expenditure by division for the three-month ending march 31st one billion dollar in space
00:02:52.740 on space 1.3 billion on connectivity 7.7 billion dollars on ai that means spending on x ai projects
00:03:00.460 like grok was higher than spacex's rocket division spending which includes the super heavy starship
00:03:05.800 rockets the company poured money into ai last year too for 2025 space segments spent 3.8 billion
00:03:11.800 dollars and the ai segment spent 12.7 billion dollars tom how big of a deal is this this is
00:03:18.080 huge this is really big and everybody is coming out today um there is an analyst i won't give his
00:03:23.080 name um from the information that came out and said spacex is worth 700 billion not 1.75 and he
00:03:30.540 did all present value on things people are doing that and i'm like wait a minute it's not present
00:03:34.560 value, it's future value. And to talk
00:03:36.640 about, in life, in
00:03:38.600 S1s, there's what's called TAM and SAM.
00:03:41.160 TAM is total available market.
00:03:43.080 Like, let's say
00:03:44.740 Vinny,
00:03:46.420 the merchandise.
00:03:48.540 Let's say merchandise in the United States is a
00:03:50.640 total available market of
00:03:52.640 $10 billion. I'm writing that down.
00:03:54.580 And then you go to SAM, served market.
00:03:57.060 But the faith-based
00:03:58.620 market would be $400 million.
00:04:00.380 Make sense? So you always look at it
00:04:02.500 that way. And big TAM,
00:04:04.560 total available markets, big market opportunities make IPOs go.
00:04:09.240 Well, check this out.
00:04:10.680 The total addressable market in the S-1, they said, is $28.5 trillion,
00:04:16.280 which the company claimed, quote,
00:04:18.700 this is the largest actionable total addressable market in human history,
00:04:23.640 with AI making up 93% of the opportunity.
00:04:26.360 So here's SpaceX.
00:04:27.320 What's inside SpaceX?
00:04:28.860 AI is $26 trillion of it, of the total market.
00:04:32.740 Connectivity, Starlink, is $1.6 trillion.
00:04:36.060 So, oh, little Starlink, it's $1.6 trillion.
00:04:38.580 Yeah, that's enormous.
00:04:39.460 You know, it's huge.
00:04:40.520 It would be like the number seven, number five, six, or seven company at the end of this year.
00:04:47.440 The space segment, space-enabled solutions, you know, launching stuff for other people, only $370 billion.
00:04:53.400 But check this out.
00:04:55.360 AI from enterprise applications, a TAM of $22.7 trillion.
00:05:01.000 So what they're really saying is it's all about getting the data centers in space where you don't have the cooling.
00:05:08.780 You don't have the water to worry about because facing the sun, it's ridiculously hot.
00:05:13.080 But eight inches away facing space, it's ridiculously cold, which is which guess what?
00:05:19.180 Chips love that. And so this would be if he gets the data centers up orbiting there, then guess what?
00:05:25.540 He has a massive cost advantage after he gets them up there.
00:05:29.060 And so what you see here, Pat, is just stunning.
00:05:33.280 This is, you called it, and I don't know if we have that clip there,
00:05:37.400 but a couple years ago, Pat called it on where Musk would be going.
00:05:43.260 Rob, do we have that?
00:05:46.540 This is what?
00:05:47.440 This is?
00:05:47.980 May 7, 2022.
00:05:49.940 Play it?
00:05:50.560 I had a mustache that day.
00:05:51.880 Yeah.
00:05:52.740 Should I invest in Twitter today?
00:05:54.800 If you can get it, the rounds are $100 million.
00:05:57.620 Where do I say that?
00:05:58.560 If you can't get in there.
00:06:00.020 Right here.
00:06:01.740 You want to go to a specific part where I say he'll be a trillionaire?
00:06:05.640 Yep, right here.
00:06:06.320 Okay, go for it.
00:06:07.980 There's not a lot of people that are sitting on $100 million of cash.
00:06:11.280 That's the challenge.
00:06:12.400 Market cap, $38 billion.
00:06:14.060 Okay, here's what I'll tell you.
00:06:16.280 Twitter.
00:06:17.560 A rollout is a really giant.
00:06:19.540 It is what it is.
00:06:20.860 Okay.
00:06:21.080 But we called it there, and now you have.
00:06:24.280 He'll be a trillionaire.
00:06:25.000 We don't need to play this clip.
00:06:26.100 But he'll be a trillionaire in no time.
00:06:28.260 This was four and a half years ago.
00:06:29.440 He's the first self-made.
00:06:30.820 People say, oh, there's other trillionaires on Earth.
00:06:33.820 Stop.
00:06:34.340 You're talking about sovereigns that are running countries that own the oil under the land.
00:06:39.980 None of them.
00:06:40.720 They were born into it, and the oil was put there by God.
00:06:43.120 I have to, after Tom came to me.
00:06:44.900 Tom, I concur with your monetary assessment.
00:06:47.680 Your analysis demonstrates a sophisticated understanding of the economic reality of what's going on.
00:06:53.700 I just had to tell him that.
00:06:54.520 I love it.
00:06:54.880 Because I'm so—
00:06:56.220 Ilan, how big of a deal is this?
00:06:57.800 i think it's a huge i think number one one of the main things we're seeing that that tom touched on
00:07:02.300 is the importance and the future of our world literally depends on our data centers on the
00:07:07.860 that's the big upcoming war but i think in terms of elon musk he's we're getting to the point where
00:07:13.400 individuals like an individual like elon musk can hold more power and more influence than countries
00:07:17.780 than entire countries he's building civilization scale infrastructure this isn't like this is like
00:07:22.660 back in the day they built the railroads he's building this to outer space so it's an entire
00:07:26.800 different mindset. And he's not only revolutionized multiple industries, he's created multiple
00:07:32.360 industries. Everything he went into, people said was an impossible place to go into. When we looked
00:07:36.720 at electric cars, he created that entire industry. People said it wasn't viable. When we look at
00:07:40.960 privatized space travel, people said that wasn't viable. He has taken every single thing he's done
00:07:45.580 and turned it into a mega corporation. I think people fail to realize that the future of our
00:07:49.840 world is going to be heavily influenced by people like this. And again, it all comes down to the
00:07:54.820 data centers our ability to compute things is going to be the future and that's where everyone
00:07:58.940 should be putting their focus adam uh you you gave that date what was it may of 2022 yeah 2022
00:08:07.120 uh where do you think his net worth was at that point 250 billion okay you want to see something
00:08:13.020 crazy rob i sent you a picture where do you think his wealth was in 2020 right after covid
00:08:18.860 right after covid like you know a few months after covid rob don't show that 88 billion okay
00:08:24.320 you're absolutely right look rob the other picture this is in october of 2020 yep i'm doing board
00:08:29.580 episodes and my favorite place in the world addison look where elon musk is on that list
00:08:33.920 96 he's the fourth sorry fifth richest person guy i had to write that whole thing that was ridiculous
00:08:39.920 uh worth 96 billion and so less than a little over five years later he's going to be a trillionaire
00:08:46.180 and wow let's just let's just stop right there but you called it respect to you i think this
00:08:55.720 is going to get real ugly for the guy and by the way i'm going to say two different things right
00:09:01.220 here we need to stop in america the socialist marxist stop villainizing the greatest creators
00:09:07.120 uh these billionaires the people are changing life as we know it and villainizing them for
00:09:12.500 becoming billionaires or trillionaires it's like what do you want to pay them with cookies and
00:09:18.300 ice cream like how when you do good things like what you what can we give them well they do it
00:09:24.260 for money and wealth so they can do it and buy and build more businesses clearly this guy wants
00:09:29.960 to do is like i don't understand that the the the marxist the commons want to come after their money
00:09:34.820 it's like that's how they're funding your city yeah but look i mean that that's great to see this
00:09:39.220 on what the guy is doing uh what i will say is how does this apply to you okay how does this
00:09:45.720 apply to you that's where i was going go that's where i was going okay sorry so what i will say
00:09:50.980 is there is there ever a case maybe in the history of the world pat yeah of signal over noise than
00:09:57.740 elon musk this guy is in the headlines for all the wrong reasons other than other than trump
00:10:04.040 probably one of the most hated men in america if not in the world and all he's doing is changing
00:10:07.860 in the world from the baby mama drama the trump epstein tweet six months later he's on a plane
00:10:14.000 with trump to china the way that he's tuned out all the noise and built some of the world's
00:10:20.220 greatest companies in fact in since covid he's on the list of the top 10 companies that have had the
00:10:26.620 biggest profit margins since 2020 yeah yeah and he's done all this with basically creating drama
00:10:33.260 everywhere he goes he just did a lawsuit i think he was found guilty or whatever it was
00:10:36.940 with sam altman or he lost that case yeah so there's so much noise going on this guy's life
00:10:41.540 nobody was i'm going to show this rob if you want to pull this up rob how does this apply to you
00:10:46.420 folks if you're not somebody that's following exactly what's going on this is not a sponsorship
00:10:51.040 okay autopilot what they do is they track what everyone's portfolio is that you can match them
00:10:58.720 they just released recently trump's administration committed two billion dollars to quantum computing
00:11:04.540 companies in exchange for equity stakes and these were the handful of companies they looked at that's
00:11:10.100 surging right now okay just look at that inflection the wave quantum rigidity global boundaries and
00:11:17.920 ibm because they got the deals so if you haven't gone and downloaded the app uh autopilot do
00:11:24.740 yourself a favor and go do that you can have any of the portfolios that they're following and you're
00:11:30.080 like not somebody that's a day trader they do it for you rob can you go to the other image i sent
00:11:33.900 you i sent you two of them this is one of them and i sent you the other one to pull up so if you go
00:11:38.820 to their account right now one of their top performing ones by the unusual wills is white
00:11:43.800 house asset management you literally track what they're investing their money into so
00:11:48.380 there's going to be a lot of wealth being made the next few years you may as well write it
00:11:54.620 you may as well write it if you can't afford to put a lot into it test something out for yourself
00:11:59.960 that you can afford, but get in the mix.
00:12:02.380 This is going to be the amount of, like,
00:12:04.260 when Anthropix CEO said this,
00:12:05.520 this is very important for people to be aware of.
00:12:07.940 He said GDP is going to go to the,
00:12:10.460 it's going to skyrocket,
00:12:11.880 but so is unemployment is going to go to 10%.
00:12:14.260 During this time when it happens,
00:12:16.440 make sure you're paying attention to your investments.
00:12:19.540 Make sure you're paying attention
00:12:20.660 to what's going to happen to your own investments.
00:12:22.480 The difference could be,
00:12:23.500 if you're sitting on $88,000 today,
00:12:26.320 in the next five years, that $88,000 could be $172,000.
00:12:29.960 or it could be $388,000 or it could be $694,000
00:12:34.960 or it could be in the millions.
00:12:36.800 But if you're just somebody that's not paying attention
00:12:38.980 to what's going on in the market,
00:12:40.760 your family is going to be impacted by as well.
00:12:43.700 Love or hate what's going on with AI,
00:12:46.100 you can hate it as much as you want.
00:12:47.760 Make sure at least the investment side work in your favor
00:12:50.420 and you have the tools.
00:12:51.980 Autopilot may be one of the best ones for you to look at
00:12:54.220 at what they're doing today.
00:12:55.560 For the average person, Tom introduced me to this.
00:12:57.660 We made the phone call.
00:12:58.940 I was so impressed by these guys.
00:13:00.180 I got involved myself in the company on wanting to contribute to them.
00:13:04.880 And then I opened up an account.
00:13:05.940 I put my own money in it as well.
00:13:07.160 And I'm watching what's going on.
00:13:08.540 I got a lot of different investment portfolios.
00:13:10.180 But it is something where the average person, even somebody, 39% of our audience are business owners.
00:13:14.540 You guys did the survey.
00:13:15.840 39% of our audience are business owners.
00:13:17.740 You may want to check these guys out.
00:13:19.100 We got something special.
00:13:19.940 Let me tell you guys before I turn it over to a guy that you guys all love.
00:13:23.280 According to the survey we did, you guys love him so much.
00:13:26.440 But I don't know if you love him that much yet.
00:13:27.980 and I'll tell you afterwards why, and I've got a challenge for everybody,
00:13:30.840 but I do know you love them a lot.
00:13:33.200 Last time we did a hat that came out, Faith Over Fear.
00:13:37.720 Do you know how many complaints we got?
00:13:39.080 Because it was a hat that we ordered less than 1,000.
00:13:41.160 I don't know what it was, maybe 500, 700.
00:13:43.400 It went like this.
00:13:44.860 Everyone's like, wait a minute.
00:13:46.080 I want to order more.
00:13:46.960 I want to.
00:13:47.340 Gone.
00:13:47.740 And we have to wait three months because our shipments takes a while to make them.
00:13:50.860 But today, I don't want that to happen to you.
00:13:52.960 And with that being said, Vinny, share with us what's the latest item
00:13:56.180 that you have available for the audience.
00:13:57.400 So, Pat, the hat that I'm wearing right now, which I'm going to tell you guys right now, it's here am I, send me, has a cross here.
00:14:03.580 You want to take it off so they can see the cross on the side and what's on the back?
00:14:06.740 I'll do it like this.
00:14:07.860 Boom.
00:14:08.660 I'll take it off.
00:14:09.100 My hair's a little bit messed up.
00:14:10.920 Isaiah, chapter 6, verse 8, in the back.
00:14:12.780 And, Pat, the inspiration comes from Isaiah, chapter 6, and I know Tom knows this.
00:14:17.780 Isaiah hears the Lord speaking, and he's asking for volunteers, like, who's going to go and talk to the people and tell them to change their ways?
00:14:24.560 And Isaiah steps up, and this is what he says.
00:14:26.760 he has, and I heard the voice of the Lord saying, whom shall I send and who will go for us? And then
00:14:33.000 I said, here am I, send me. And this is what this hat stands for. It stands for answering the call
00:14:39.580 in a world where everybody stays quiet to protect themselves. This means you are willing to stand
00:14:44.440 up for your faith, for your values and the truth. Here am I, send me, basically says, stop waiting
00:14:50.860 for somebody else to do it. You do it. Okay. It's saying, I'll speak, I'll lead and I'll represent
00:14:56.600 jesus christ without fear and this is exactly where this hat says and this is why it inspired
00:15:01.800 me and this is what this is about and elon actually made a great point pat it's in another
00:15:06.060 context you remember in uh the town where uh ben affleck walks in and his friend's sitting there
00:15:11.100 and he goes hey listen i i need your help i can't tell you what it is we're gonna go and do this and
00:15:15.880 we're gonna hurt some people and he goes whose car are we taking that means i am ready to go
00:15:20.500 for god pat and it's and as of late a lot of people have been approaching me and talking and
00:15:25.260 And I feel like the Holy Spirit is literally speaking for, like, I don't even, sometimes I get nervous because I'm like, what am I going to say?
00:15:31.580 In that moment, it's almost like God's like, I got you.
00:15:34.280 Just open your mouth and go.
00:15:35.900 And I'm going to warn everybody, guys, the last time these things sold out in less than a day, so go to vtmerch.com.
00:15:41.160 I think it's on the front page, and it's in the Faith Over Fear collection.
00:15:44.360 And I can't say how much I appreciate you guys for doing it because the word is getting out.
00:15:48.200 God bless you all.
00:15:48.820 I love you.
00:15:49.140 All right, go to vtmerch.com to place the order and get one for yourself, your peers, your friends, your family, your father, your brother,
00:15:55.020 or whoever it may be, and then get the shirt and the sweater to go with it as well and match it.
00:15:59.160 If you enjoyed this video, you want to watch more videos like this, click here.
00:16:01.880 And if you want to watch the entire podcast, click here.