Ari Shrager

Retail Traders are buying the least amount of stocks since Covid 🚨🚨

NEWS: Tom Mueller helped build SpaceX from day one. The man who designed its first rocket engines is now worth around $1 billion from his stake, by the winners tally. Mueller was one of SpaceX's first hires in 2002. He led the team behind the Merlin engines that power Falcon, the workhorse that made reusable rockets real. He left in 2020 to start his own space company, Impulse Space. Counting that, his fortune runs higher, toward $2 billion. He grew up in rural Idaho and built the engines that opened orbit. A true original.

Steve Schwarzman started Blackstone with $400,000 - mailed 488 fundraising documents - the first 17 said no person number 18 said yes - he raised $850 million his first deal made 16x - his second made 24x - Hilton made $12 billion, the most profitable buyout in history Mike Bloomberg offered him 20% of his company for $100 million - Schwarzman wanted in but his fund structure wouldn't allow it - that stake today would be worth $8 billion today Blackstone manages $333 billion bookmark and watch the full interview ↓

Investors hold about $130 to $150 trillion in global public equity markets. Over the next few months SpaceX and a number of other very expensive companies will be raising about $0.4 trillion. Now think about it, how much of an effect does it really have? Also, it's not the first time that there is a strong IPO pipeline. Sure, this year's sets the bar higher but it's not like the pipeline is 10x of what it was in other strong years. Hence, the people who blame the recent slight pullback on the liquidity requirements for these IPOs may be looking in the wrong direction.