WARNING: Nvidia $NVDA CEO Jensen Huang just told retail to buy SpaceX, OpenAI, or Anthropic at IPO. He said it could be like buying Amazon, Google, or Meta in the early days. But here’s the problem. Amazon went public at a valuation of roughly $438 million. Google at around $23 billion. Meta at around $104 billion. SpaceX is reportedly targeting a valuation approaching $2 trillion. That’s not the beginning of the story. That’s after years of explosive growth, multiple funding rounds, and massive value creation in private markets. The biggest gains are usually made when a company is still unknown, unproven, and cheap. By the time a company reaches a multi-trillion-dollar valuation, investors aren’t paying for potential anymore. They’re paying for expectations. The question isn’t whether SpaceX is a great company. It’s whether the next 10x is still ahead, or whether most of it has already happened. Follow and turn on notifications to stay up to date.