WORLD’S FIRST TRILLIONAIRE: Elon Musk marks MAJOR feat

Fox Business Alert. SpaceX is still soaring in its debut right now, jumping 18.8 percent. It is off the highs of the session, but still trading at $160.38. Keep in mind, it was priced at $135. According to Dow Jones market data, and this is coming out, SpaceX is now the sixth most valuable U.S. listed company. It surpasses Tesla, also founded by Elon Musk, and it now holds Tesla does the number eight spot. Right now, Tesla's, it's actually been up and down. It was down a couple of percentage points earlier. Right now, it is up just under one percent. SpaceX, though, charging ahead is the star of the session, up 18.7 percent. Adding to the records, Forbes has declared CEO Elon Musk the world's first trillionaire, estimating his fortune now sits at $1.1 trillion. Now, aside from Musk himself, some of the early investors, the big ones in the rocket and satellite firm included billionaire Peter Thiel's Founders Fund and Tim Draper's venture capital firm Draper Fisher Jurvetson. I mean, they were originals, right? That early list also includes X Prize Foundation founder Peter Diamandis. He joins us first on Fox Business. Peter, great to have you. What a day. What is going through your mind and your head? What's going through your heart? What's going through my heart, actually, is a huge amount. My nine-year-old kid in me is excited. We're on the verge of moving humanity out into the cosmos, right? Elon, you know, people think he's driven by wealth creation. He's driven by solving the world's biggest problems. And he is passionate and committed to opening the space frontier. And if there's anybody who can do it, it's him. So get ready. You know, you and your kids and your grandkids have an extraordinary future ahead. You've known him for nearly three decades. What was it about SpaceX that had you pulling the trigger and investing money in, what was it, 2013? Yeah, thereabouts. I mean, I was there before he started SpaceX and we're talking about rockets. Originally, I was trying to convince him not to build rockets because I said, you know, it's like, you know, everybody's blowing up their rockets. I'm glad he didn't agree. But he's one of the most brilliant human beings on the planet. He's a technologist and he's a and he surrounds himself by amazing individuals. You have to remember his first three rocket attempts to the Falcon 1 failed. He still went on. He did it. He won a large contract from NASA, then started supplying human spaceflight. But the span of his vision, right, goes way beyond anybody I've ever met. You know, people are, you know, trying to price this as a normal tech company. It isn't the normal tech company. It's three converging businesses, launch industry, Starlink as a cash engine, and then an AI frontier lab. And he's opening the space frontier, which has a near infinite, you know, addressable marketplace. I'm glad that he didn't listen to you when you said. I'm glad he didn't either. Rockets, because you got a decent stake here. I know you don't like to talk about the stake, but would you say that you're now in for a couple of billion? I mean, there are a lot of people who are millionaires and centimillionaires here. I mean, one of the things that's amazing is he has made so many people wealthy, including his employee base, right? Five thousand people have become millionaires and many hundreds have become centimillionaires. And it's I think one of the things, you know, you asked me before the break here or I heard you speak last person. Will you continue buying shares into this? And, you know, for the last decade, whenever I would free up any capital from an exit or from some event or something, I would put it into Bitcoin and I still have a significant level of Bitcoin and I would know how to hold that. I think for me right now, whenever I have any free cash, I'm going to be putting into SpaceX. It's a generational company. But would you say you'd buy it at this level? Because I hear you'd wait till a little bit of a dip here. I think we're going to see somewhat of a dip when the shareholders who've been locked up are going to be able to sell and some people will take something off the table. But again, you know, the best analogy I don't know that people realize how to think about this company. You know, the best analogy I have is the early transcontinental railroads back in the late 80s. You know, you could have valued them based upon, you know, passengers going on the railroads. But the fact of the matter is they're valued by the towns they open, the mines they open, the farms they served. And that's going to be the same thing. Later on top of that, the single most powerful technology that humanity has ever invented, you know, AI is going to be, you know, SpaceX is going to be the hyperscaler delivering hundreds of gigawatts of AI to the planet. And we're in this hyper exponential period. You know, Elon calls it the supersonic tsunami coming our way. So it's kind of here, Peter. And I really we've been showing video of how these rockets go up into space and then land and are reusable. It is just I mean, a moonshot that actually became reality. But as you said, you remember the tough days and it wasn't easy yesterday. We had employee number one, Tom Mueller, on and he touched upon that. I want you to hear what he said. Sure. Yeah, it was really hard early on. We had three failures in a row and we would, you know, the company probably would have failed except that we had another rocket ready to go. We didn't have enough money to build another rocket, but we just happened to have one. And within eight weeks after our last failure, we launched again and made orbit and saved the company. And like I mentioned earlier, you know, then then we really got regimented and started flying Falcon 9, the rocket that's currently flying. And it's been the most reliable rocket in history. So it really all came together. And, you know, now look where we're at now. We're a trillion dollar company. But it was a white knuckle bride, Peter. And as an investor, it's really important, I think, to point out a couple of things. Number one, the launch business is still losing money 22 years later. But as an investor in these things and you, of course, with the XPRIZE, you know, this takes a long time. But what are you looking at now? What's the next SpaceX? Not necessarily in space, but the next moonshot that you are backing. So, you know, I'm backing companies in the arena. I'm backing companies in the synthetic biology arena, an amazing company called Colossal. In fact, Ben Lamb, the CEO there, reminds me of Elon in a world class CEO where you're building living products. You know, we're going to transform every single industry. There's another company called Lylas Biosciences at MIT and Harvard that's building a scientific superintelligence that's coupled with a robotic hundred million square feet of lab space. The AI intelligence proposes the experiment. The robots run the experiment. The data comes back and you run this open loop, discovering new kinds of medicines and materials. And we're heading into a new global economy. And so when people hear, you know, trillion dollar valuations, can it possibly go up? The answer is yes. You think it'll be the first 10 trillion dollar company, SpaceX? I think I think we're going to see a merger of SpaceX and Tesla 100 percent within the next year. I am betting on it. There's so many reasons for Elon to do that. And it's now that they're a publicly valued company. Combining them is a lot easier. You know, Elon's never enjoyed running both SpaceX and Tesla. In the early days, he wanted to find a CEO for Tesla and focus on SpaceX, never found somebody that met his his goals. But now being able to do that and in the combined company, he will have majority, you know, decision making authority and ownership. And that's a good thing. You want Elon with his level of innovation and ambition running the combined companies. But I don't think it'll be the first 10 million dollar, 10 trillion dollar company. I think it can hit the first 100 trillion dollar company. This is this is the this is the size of the marketplace we're talking about. If we're really launching hundreds of gigawatts of A.I. compute into orbit, you just saw what Google paid for part of the Colossus, you know, A.I. compute. And when Anthropic is paying from X, imagine having a hundred times that. And then as we head towards the moon, I know these things are crazy talking about going and building satellites on the moon and using mass drivers to, you know, put them into Earth orbit. But listen, everything that SpaceX and Tesla and his other companies are doing today were crazy before. He's got a track record. The best predictive power on an individual is their track record. And he is consistently not always on time, but consistently implemented everything he's committed to doing. He he has willed many things to happen. Peter, can you stand by? Because we want an investor, an early investor in SpaceX to bump up against that last trade on the closing bell. So can you stick around? Hold on. OK, stand by. Peter Diamandis, and we're going to count you down to the last SpaceX moment.