Just saw Elon casually drop "$10T or bust" on X and honestly, the energy around his potential net worth right now is wild. Someone pointed out he's already hit $800 billion, and Elon basically said that's just the warm-up. The comparison to Rockefeller's wealth in 1913 is making rounds, except this time it's not oil—it's rockets and the future.

But here's what's actually moving markets: SpaceX is about to go public, and Wall Street is losing its mind. We're talking nearly 200 institutional investors flying down to Texas just to pitch themselves into this IPO. The rumored valuation is sitting around $1.5 trillion, which is absolutely massive. Fund managers are literally carving out capital allocations right now, some of them cutting into their big tech positions—including Tesla—just to make room for SpaceX.

Meanwhile, retail traders are watching this whole thing unfold on Stocktwits. Tesla sentiment is extremely bullish there, but SpaceX chatter is basically dead, which is funny considering the institutional frenzy. You've got traders talking about $400 opens and $420 targets for Tesla, while others are noting the wild swings—Sweden up 111%, Norway down 61%. Tesla's down about 13% year-to-date anyway, so it's already been a rough ride.

The other piece that caught my attention: SpaceX's IPO structure basically locks Elon in. Class B shares with 10 votes each, all controlled by him. That means nobody removes him as CEO or chairman without his approval. It's a pretty clean governance setup that gives founders maximum control—something you see in tech IPOs, but SpaceX took it further. The filing literally warns IPO buyers that this "will limit or preclude your ability to influence corporate matters." So if you're buying SpaceX shares, you're buying into Elon's vision, period.

On the legal side, Elon's also in court against OpenAI. Greg Brockman testified this week in the California case where Elon's trying to push them back to non-profit status. There's this wild exchange where Elon apparently told Greg that "by the end of this week, you and Sam will be the most hated men in America." OpenAI's lawyers wanted that on record. It's the kind of drama that keeps the crypto and tech worlds watching.

The bigger picture? Elon's net worth trajectory, SpaceX's valuation, and these governance structures are all interconnected. Whether his $10T goal actually happens depends on how SpaceX performs post-IPO and what happens with Tesla. Either way, the institutional money is already positioned, and retail is watching the show from the sidelines.