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When discussing how @SpaceX will trade in the month after its IPO, the $1.77T valuation is less important. The bigger number is the $75B primary raise (potentially $86B with overallotment), which should fuel an IPO pop given the very limited float. Longer term, there should be little debate. SpaceX should be a core tech holding. Like him or not, Elon is a generational founder, and the company’s position as the leader in sovereign AI stands alone when it comes to durable long term growth potential.