08/05/2026
Me and SpaceX employee #1.
SpaceX reported earnings yesterday for the first time as a public company.
I invested years ago — multiple times. And I shared the opportunity with a lot of people. About half took it. Half didn’t.
Same thing with Bitcoin in 2015.
Same thing with eXp Realty in 2017.
Same thing when I left my job for real estate in 2001, back when the MLS still came as a printed book.
Same thing when I got into digital marketing in 2005.
Everyone who passed had one thing in common: they led with every reason it wouldn’t work.
My read? Something didn’t work out for them once. And the meaning they gave that failure is still making their decisions today.
Two of the best investments I’ve ever made went down before they went up. Both times I doubled down. Did the same thing recently with Tesla.
Real estate, Bitcoin, digital marketing, space — I did the homework every time. Got on planes. Picked up the phone and called people who’d give me a real opinion. Consumed everything I could find, from every angle.
Here’s the question I ask instead of playing defense:
What would have to be true for me to say yes?
That one question does the work. Once I can answer it, I know who to call, what to research, what’s left to find out.
I’ve watched a lot of people say no. It wasn’t logic. It was fear wearing logic’s clothes.
Say yes until you have to say no.
I think most people are quietly trying to save their way to the top. All the energy goes into not losing it instead of doubling it.
If you haven’t read The Psychology of Money, read it. That book somehow reads like it was written for whoever’s holding it.
Tom went on to found Impulse Space. Yes — I invested in that early too.
Old saying: bet on the jockey, not the horse.
This photo is from a couple months ago, when I flew to Puerto Rico. After I’d already invested. After the valuation had already doubled.
So let me ask you:
Does market cap affect an investor’s decision to invest?
And what’s the market cap of space?