Kevin O'Leary Calls SpaceX's $1.77T IPO a "Bet on Vision" — Wallets Agree 🚀

Kevin O'Leary has defended SpaceX's record-setting public market debut, arguing the aerospace company's near-$1.77 trillion valuation reflects investor belief in Elon Musk's capacity to build entirely new industries rather than the firm's current earnings. In a Saturday post on X, the Canadian billionaire and "Shark Tank" investor wrote that "many investors see this as a bet on vision, innovation, and execution," and that heavy demand for the offering points to a broader conviction SpaceX could rank among the defining platforms of the next decade. He acknowledged Starlink drives much of the present cash flow but said the premium is tied to where the market believes SpaceX is heading under Musk.

SpaceX priced its Nasdaq debut at $135 per share, raising about $75 billion in the largest IPO on record and valuing the company near $1.77 trillion. The post-debut rally pushed Musk past $1 trillion in net worth, a threshold no individual had previously crossed, and made him the first person Forbes-style wealth trackers have classified as a trillionaire.

The milestone drew political pushback. Senator Bernie Sanders said Musk's ascent to trillionaire status is a reason for concern rather than celebration, linking it to wealth concentration and the influence of money in politics. His comments circulated widely among Bitcoin advocates, several of whom countered that decentralized networks offer a counterweight to centralized fortunes, though the exchange of posts centered on policy preferences rather than on $BTC price action.

O'Leary, who has previously disclosed personal exposure to $BTC and other digital assets, did not address cryptocurrency markets in his remarks and instead framed the valuation debate as a familiar pattern in which investors pay for future potential rather than present cash flow. He noted the valuation will always be contested and that not every investor shares his view, but pointed to the size of the order book as evidence of broad institutional appetite.

The debut keeps SpaceX at the center of a wider debate over how public markets should price privately built empires, and whether the next decade's infrastructure will be listed on Earth or launched from it.