Legendary trader Bill Ackman: Even though the valuation is all based on Musk's big promises, I wouldn’t bet against him pulling it off. SPCX 1. Giant privatization monopoly profits Companies like SpaceX, which haven’t gone public yet, are already trillion-dollar behemoths. Private investors in the primary market have locked in the majority of the wealth ahead of time. 2. Launch cost disruption, complete domination of the trillion-dollar space market SpaceX holds an absolute monopoly-level advantage in the aerospace field. Its ability to send massive payloads into space at ultra-low costs is unmatched globally, putting them in an extremely favorable position to dominate the future $10 trillion space market. 3. Starlink creates monopoly-level product power Starlink is a phenomenal, high-demand product. Whether it’s in-flight Wi-Fi or remote outdoor areas, it has completely transformed humanity’s internet experience. In the satellite internet sector, it has virtually no competitors. 4. AI infrastructure powerhouse While SpaceX may currently be catching up in pure AI algorithms, no one is better than Musk when it comes to efficiency and cost control in building AI infrastructure. Despite the complex pricing logic behind the high valuation, there’s only one conclusion: Never bet against Musk!