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Anthony Scaramucci owns a piece of SpaceX. He also invested in xAI. And he’ll be the first to tell you none of it makes conventional sense.
“The cult of personality around Elon Musk gives his companies an excessive premium that is off the charts,” the SkyBridge Capital founder wrote on X. He called Tesla (NASDAQ:TSLA) a stock that “defies conventional metrics.” Then he explained why he bought into SpaceX anyway.
The reason is Amazon.
The $20 Million Mistake He Won’t Repeat
A $10,000 investment in Amazon (NASDAQ:AMZN) at its 1997 IPO would be worth nearly $20 million today. Scaramucci missed it.
“I’m not making that mistake again,” he wrote.
SpaceX has confidentially filed for what may be the largest IPO in history, targeting a raise …
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