# Why SpaceX Will Be the Most Valuable Company on Earth

## Метаданные

- **Канал:** Newsthink
- **YouTube:** https://www.youtube.com/watch?v=PJ8HLcWWkk0
- **Дата:** 07.05.2026
- **Длительность:** 10:18
- **Просмотры:** 67,104

## Описание

SpaceX IPO could be the largest in history. Get early exposure to private companies before they go public: https://www.jarsy.com/?utm_source=ytb&utm_medium=cpc&utm_campaign=newsthink

Cindy’s personal invite link for Jarsy: https://app.jarsy.com/?invite_code=vrzvpa

I highly recommend the biography of Elon Musk by Walter Isaacson: https://www.amazon.com/Elon-Musk-Walter-Isaacson/dp/1982181281 (not affiliated)

Chapters: 
0:00 The $7.5 Trillion Bet 
0:40 How SpaceX Began
1:27 The Cost Problem
1:53 Suing NASA
2:59 First Launch
3:12 Second Launch
3:24 Third Launch
3:38 On the Brink of Collapse 
4:28 The Unexpected Chance
5:10 The Breakthrough (Fourth Flight)
5:43 Reinventing Rockets
6:14 Changing the Industry
6:57 Building Starship
8:00 The Starlink Cash Cow
8:29 The Largest IPO 
9:00 Moon First, Then Mars
9:18 How to Invest Early

Newsthink is produced and presented by Cindy Pom
https://x.com/cindypom

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Support Cindy on Patreon! https://www.patreon.com/Newsthink

Sources: 

Reuters report on Elon Musk’s compensation package https://www.reuters.com/sustainability/boards-policy-regulation/spacex-ties-musk-compensation-mars-colonization-goal-2026-04-28/

Adeo Ressi image: The Next Web, Julia de Boer, CC BY-SA 2.0 via Wikimedia Commons

PayPal mafia photo by Robyn Twomey for Fortune https://fortune.com/article/paypal-mafia/

Elon Musk at SpaceX headquarters photos by OnInnovation via Flickr https://www.flickr.com/photos/oninnovation/albums/72157623364617582/

ISS photo courtesy of NASA/JSC

## Содержание

### [0:00](https://www.youtube.com/watch?v=PJ8HLcWWkk0) The $7.5 Trillion Bet

The board of SpaceX has approved one of the most  extreme CEO compensation packages in history. They’re offering Elon Musk  up to 200 million shares but   only if SpaceX reaches a $7. 5 trillion valuation. These aren’t ordinary shares. They carry 10 votes each instead of 1, giving  Musk enormous control over the company. To put that into perspective, the most valuable  companies in the world today, Nvidia, Apple,   Microsoft, and Amazon are  only about halfway there. And that’s not all. To unlock those shares, SpaceX must  also help establish a permanent human   colony on Mars with at least one million people. Musk is in his mid-50s. Which means this would have to  happen in the next 20 to 30 years.

### [0:40](https://www.youtube.com/watch?v=PJ8HLcWWkk0&t=40s) How SpaceX Began

The ambition behind SpaceX started two  decades ago, over Labor Day weekend in 2001.   Musk was visiting his college  friend Adeo Ressi in the Hamptons.   On the drive back to Manhattan, Musk  said he wanted to do something about   space but didn’t think a private  individual could build rockets.   Still, he wanted to try. Life can’t just be about   solving problems. There have to be things  that inspire you, that move your heart. Somewhere toward the end of  that drive, something shifted. Maybe, just maybe, it was possible. The only problem was cost. When Musk tried to buy refurbished rockets from   Russia to send a greenhouse  to Mars, they laughed at him. The Russians quoted $18 million, then  raised it to $21 million just to mock him. So he decided to build his own.

### [1:27](https://www.youtube.com/watch?v=PJ8HLcWWkk0&t=87s) The Cost Problem

To cut costs, SpaceX would manufacture  as much as possible in-house. When a supplier quoted $120,000 for a  simple actuator, SpaceX built it for $5,000. As Musk put it, it wasn’t any more  complicated than a garage door opener. He had a term for this: The “idiot index. ” The gap between what something costs   to make and what it’s sold for. His goal was to close that gap.   But the problem wasn’t just the  cost - the system itself was broken.

### [1:53](https://www.youtube.com/watch?v=PJ8HLcWWkk0&t=113s) Suing NASA

In 2004, Musk did something  unthinkable: he sued NASA. The agency had awarded a $227 million contract   to Kistler Aerospace without competition  to keep the company from going bankrupt. This made no sense to Musk. He believed contracts should go to  companies that can actually deliver. Everyone told him not to sue,  but he refused to listen. As he later said to biographer Walter Isaacson: “Everyone told me we might never work with NASA  again. But what they did was wrong, so I sued. ” SpaceX won. NASA was forced to   open the contract to competitive bidding,  with SpaceX winning a significant portion. It was a turning point. Contracts were no longer handed  out — they had to be earned. In 2003, Malaysia agreed to pay SpaceX $6  million to launch an Earth observation satellite. To make it work, the rocket  had to launch near the equator,   where Earth’s rotation provides an extra boost. So SpaceX moved operations  to the Marshall Islands. The team worked out of Kwajalein Atoll,  with the launch site 20 miles away on   a tiny island called Omelek - just  700 feet wide or about 200 meters. There was nothing there. They had  to build everything from scratch,   even pouring concrete for a launchpad. We have liftoff confirmed

### [2:59](https://www.youtube.com/watch?v=PJ8HLcWWkk0&t=179s) First Launch

The first launch took place on March 24, 2006.   But seconds after the Falcon 1  lifted off, a fire broke out. A fuel leak—caused by corrosion from  the salty sea air—destroyed the rocket.

### [3:12](https://www.youtube.com/watch?v=PJ8HLcWWkk0&t=192s) Second Launch

A year later, they tried again. This time, Falcon 1 made it much further.   But as it ascended, fuel sloshing in  the tank destabilized the upper stage,   causing it to spin out of control. In August 2008, they tried a third time.

### [3:24](https://www.youtube.com/watch?v=PJ8HLcWWkk0&t=204s) Third Launch

This time, it almost worked. But after stage separation, the booster  collided with the second stage because   the engine still had a bit of thrust even  after shutdown in the vacuum of space.

### [3:38](https://www.youtube.com/watch?v=PJ8HLcWWkk0&t=218s) On the Brink of Collapse

After three failed launches,  SpaceX was running out of money.   At the same time, Tesla was nearing bankruptcy.   And Musk was going through a divorce  from his first wife, Justine. His partner at the time, Talulah Riley, described  how physically and emotionally exhausted Musk was: “I kept thinking he was going to have  a heart attack. He was having night   terrors and just screaming in his sleep  and clawing at me. It was horrendous. ” And yet, he kept going. Dolly Singh, SpaceX’s head of talent acquisition,  recalled how Musk addressed his staff: “For my part, I will never give up and I  mean never,” and that if we stick with him,   we will win. I think most of us would have  followed him into the gates of hell carrying   suntan oil after that. It was the most impressive  display of leadership that I have ever witnessed. ” Then, an unexpected lifeline  gave SpaceX another chance.

### [4:28](https://www.youtube.com/watch?v=PJ8HLcWWkk0&t=268s) The Unexpected Chance

The PayPal co-founders who had once  pushed Musk out as CEO stepped in to help. Peter Thiel and his venture capital fund,   Founders Fund, invested $20 million  in SpaceX, enough for another launch. While flying the fourth rocket to Kwajalein rather   than shipping it by barge to save  time, the team heard a loud “pop”. The first-stage tank had sunk in  after losing internal pressure. For a moment, it felt like everything was over. They called Musk. He was silent for a  minute before he told them to keep going,   to fly to Kwaj and fix it there. Water Isaacson describes “... a  hive of engineers scurrying around   in the middle of the night working  frantically on the tripped rocket,   as if they were doctors in an emergency  room trying to save a patient. ”

### [5:10](https://www.youtube.com/watch?v=PJ8HLcWWkk0&t=310s) The Breakthrough (Fourth Flight)

And it worked. 3, 2, 1, 0 On September 28, 2008, everything was on the line. We have liftoff Musk watched the fourth launch from the command  van at SpaceX headquarters in Los Angeles. This time… Stage separation confirmed Success. Falcon 1 became the first privately  developed rocket to reach orbit. And immediately, everything changed. NASA awarded SpaceX a $1. 6 billion contract  to resupply the International Space Station SpaceX had secured its future.

### [5:43](https://www.youtube.com/watch?v=PJ8HLcWWkk0&t=343s) Reinventing Rockets

Over time, it would build  far more powerful rockets. But the philosophy stayed the same:  make them as cheaply as possible. When military safety regulations required  the cranes that lifted the Falcon 9 to cost   $2 million, SpaceX questioned the rules, got  them revised, and built them for $300,000. When a cooling system for the payload  bay was quoted at over $3 million,   they took a standard $6,000 home air-conditioning  unit and modified it to work on the rocket. SpaceX proved rockets didn’t have to  be built the old way and eventually,   the government took notice.

### [6:14](https://www.youtube.com/watch?v=PJ8HLcWWkk0&t=374s) Changing the Industry

In 2010, President Obama cancelled NASA’s  Constellation program, its next-generation   rocket to succeed the space shuttle, in  order to partner with the private sector. But astronauts like Neil Armstrong and Gene Cernan   warned Congress that relying on  private companies could be risky. For Musk, it was painful to  hear, as he told CBS’ 60 Minutes: I was very sad to see that because those guys are  heroes of mine so it’s really tough. I wish they   would come visit, and see the hardware we're doing  here. And I think that would change their mind. While others were debating whether SpaceX could  replace NASA, Musk was already thinking bigger.

### [6:57](https://www.youtube.com/watch?v=PJ8HLcWWkk0&t=417s) Building Starship

As early as 2014, he was talking about  specific plans for building a city on Mars. To do that, SpaceX would need something  far more powerful than the Falcon 9. In 2017, SpaceX announced plans for Starship,  a fully reusable rocket - the largest and   most powerful ever built. At first, it was designed   with carbon fiber. But the material was  expensive and difficult to manufacture. So Musk decided to switch to stainless steel. At extremely cold temperatures, steel becomes   significantly stronger, making it ideal  for storing supercooled propellants.   It also handles extreme heat far better,   so only one side of the rocket requires a heat  shield for reentry, saving significant weight. SpaceX has already spent $15  billion developing Starship. For comparison, the Apollo program that brought   us to the moon cost $25 billion back  then, or around $180 billion today. But SpaceX is aiming for something far more  ambitious: frequent trips to the Moon and Mars. To make that possible, the rocket has to  be able to be reused like an airplane.

### [8:00](https://www.youtube.com/watch?v=PJ8HLcWWkk0&t=480s) The Starlink Cash Cow

Building something like that  requires enormous capital. And liftoff Go Falcon, go Starlink Right now, that capital is coming   from Starlink, its global network of thousands  of satellites delivering high-speed internet. In 2025, Starlink generated an  estimated $11. 4 billion in revenue,   making up as much as 80% of SpaceX’s total  revenue, more than its rocket launches. Just a few years earlier, it  was barely over a billion.   Its margins are extremely strong—around 60%.

### [8:29](https://www.youtube.com/watch?v=PJ8HLcWWkk0&t=509s) The Largest IPO

But getting to Mars still requires far more,   which is why SpaceX is preparing what  could be the largest IPO in ​history,   aiming to raise as much as $75 billion — about  2. 5 times the record set by Saudi Aramco. That kind of capital would let SpaceX accelerate   Starship development without  relying solely on Starlink. While Musk has talked about using a fleet of  1,000 Starships to build a colony on Mars by 2050, NASA is taking a far more cautious  approach and describes even sending   the first humans there by  2040 as an “audacious goal. ”

### [9:00](https://www.youtube.com/watch?v=PJ8HLcWWkk0&t=540s) Moon First, Then Mars

In the near term, SpaceX is  prioritizing building a city   on the Moon, which can happen much  faster due to its closer distance. But in the long run, the goal is still Mars. And by chasing that goal, Elon Musk could   earn those 200 million shares, and SpaceX could  become the most valuable company in the world.

### [9:18](https://www.youtube.com/watch?v=PJ8HLcWWkk0&t=558s) How to Invest Early

If SpaceX does go public - it could  be one of the largest IPOs in history. At that point, each share  could be extremely expensive. So, how do you invest in a company  like SpaceX before it goes public? Because right now SpaceX isn’t listed  on the stock market, they’re private. And traditionally, that meant access was limited  to institutions or ultra-wealthy investors. But that’s starting to change. Jarsy lets you invest in shares  of private companies like SpaceX,   Anthropic, Stripe, and Discord. You don’t need to buy a full share. You can invest smaller amounts  and own a portion of one. So instead of waiting until a company goes public   when demand is high and prices even  higher, you can get exposure earlier. And if the company goes public, the token price  can mirror the stock price (allowing you to sell   at the corresponding market value) even though  the tokens don’t convert into actual shares. If you want to get access to this opportunity,   you can check out Jarsy using  the link in my description. Thanks for watching. For Newsthink, I’m Cindy Pom.

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*Источник: https://ekstraktznaniy.ru/video/52441*