1634-7 = 2026???

SpaceX shares soared again in premarket trading early on Tuesday. Getty Images

The vibe says buy, what could possibly go wrong? Rockets, AI, The web, Easy peasy says it all, right?

Key Facts

• SpaceX’s stock price climbed to $212.4, up around 10.35% from Monday’s close in premarket Tuesday.
• The rocket company’s market cap crossed $2.5 trillion on Monday and if the premarket surge holds, its valuation could surge past $2.75 trillion.
• SpaceX is currently the sixth most valuable company in the world and if the premarket jump continues after the opening bell, it could overtake Amazon and inch close to Microsoft’s market cap.

Forbes Valuation

According to Forbes’ estimates, Musk’s net worth as of Monday’s market close is $1.3 trillion. This makes him the world’s richest person by a massive distance, with Google Founders Larry Page and Sergey Brin more than $1 trillion behind on Forbes’ Real Time Billionaires’ list. Musk’s fortune rose by nearly $165 billion on Monday, which is more than the entire net worth of the world’s ninth richest person, Bernard Arnault.

Tangent

Shares of Tesla, Musk’s other major public company, rose $1.16% on Monday to $411.15, putting the electric car maker’s market cap at nearly $1.3 trillion. The company’s stock, however, is down 1.63% in the premarket on Tuesday.

The sky's the limit, no, the universe's the limit, a notion shared by the Dutch in 1634.

Jan Brueghel the Younger, Satire on Tulip Mania, c. 1640

Tulip mania (Dutch: tulpenmanie) was a period during the Dutch Golden Age when contract prices for some bulbs of the recently introduced and fashionable tulip reached extraordinarily high levels. The major acceleration started in 1634 and then dramatically collapsed in February 1637. It is generally considered to have been the first recorded speculative bubble or asset bubble in history.[3][4] In many ways, the tulip mania was more of a then-unknown socio-economic phenomenon than a significant economic crisis. It had no critical influence on the prosperity of the Dutch Republic (now the Netherlands), which was one of the world's leading economic and financial powers in the 17th century, with the highest per capita income in the world from circa 1600 to 1720.[5][6] The term tulip mania is now often used metaphorically to refer to any large economic bubble when asset prices deviate from intrinsic values.[7][8]

Sound familiar? Check out The Black Body Problem for a dose of realism as physics don't lie while man does, all the time, when it comes to greed and the possibility of making a quick score with little or no effort. Unlike tulips, this bubble does because if this initiative goes sideways, the impact on WS will be catastrophic as all of WS is in on the hustle. Remember, if municipalities tell the AI tech bros water's no longer available to cool the data centers, the entire AI industry goes up in smoke in a nanosecond.

The Walrus and the Carpenter speaking to the Oysters,
as portrayed by illustrator John Tenniel

"The time has come," the Walrus said,

    "To talk of many things:

Of shoes—and ships—and sealing-wax—

    Of cabbages—and kings—

And why the sea is boiling hot—

    And whether pigs have wings."[1]

— Through the Looking-Glass