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So Elon's out here saying $10 trillion or nothing while Wall Street is literally reshuffling portfolios to make room for SpaceX. The man went from $800 billion to talking about hitting $10T - which honestly puts Elon Musk's net worth trajectory in a completely different conversation. Someone compared it to Rockefeller in 1913, except Rockefeller had oil and Elon has... well, the future apparently.
But here's what's actually wild - nearly 200 institutional investors just flew to Texas for a SpaceX pitch. We're talking about a company that could IPO somewhere around $1.5 trillion valuation. Fund managers are literally deciding what positions to cut to free up cash for this. Some are eyeing their big tech holdings, even Tesla positions, trying to figure out how much dry powder they need.
Meanwhile retail traders are watching this play out on Stocktwits. Tesla sentiment is extremely bullish but volume is dead. SpaceX chatter is basically nonexistent and bearish. The vibe is confused - people are trying to figure out if they should be rotating out of Tesla to chase SpaceX, or if Elon Musk's net worth growth is a signal to hold everything.
What's interesting from a governance angle - SpaceX is literally building a structure where Elon can't be removed without his own consent. Class B shares with 10 votes each, and he controls them. Corporate lawyers are saying this goes further than typical founder-led tech IPOs. Most boards keep the formal right to remove a CEO, but SpaceX basically gave Elon a personal veto. The filing literally warns IPO buyers that this structure will limit their ability to influence corporate matters. Pretty transparent about it, at least.
On the legal front, Elon's still fighting OpenAI in court. Greg Brockman testified Monday in Oakland. OpenAI's lawyers revealed Elon tried to settle around April 25, telling Greg and Sam Altman they'd be 'the most hated men in America' if they didn't. That's the kind of negotiation tactic that definitely gets brought up in court.
The bigger picture here - Elon Musk's net worth ambitions, the SpaceX IPO, the Tesla positioning, the OpenAI lawsuit - it's all interconnected. Institutional money is moving, retail is confused, and corporate structures are being designed to keep power concentrated. Watching how this unfolds over the next few months could tell us a lot about where tech and space money flows next.