The Riskiest Bet in Tech History: Elon Musk's Most Dangerous Company Yet

The Riskiest Bet in Tech History: Elon Musk's Most Dangerous Company Yet

June 24, 2026 · 30 min

About this episode

The episode discusses SpaceX's rise to becoming a trillion-dollar company and the implications of Elon Musk's ventures in technology and space.

SpaceX just pulled off the biggest IPO in history and made Elon Musk the world's first trillionaire. But is it all built on a fantasy? SUPPORT MY WORK: Buy a paid subscription to my newsletter at usermag.co Support my work on Patreon: http://patreon.com/taylorlorenz In this week's episode of Power User, I sit down with Ryan Mac, the main New York Times reporter covering SpaceX and co-author of Character Limit: How Elon Musk Destroyed Twitter, to unpack how SpaceX went from a startup mocked by aerospace veterans to a $2+ trillion company that governments, militaries, and your retirement fund now depend on. We trace the full story from the early rocket explosions, the near-bankruptcy before Falcon 1 reached orbit in 2008, the NASA contract that saved the company, and how reusable rockets and Starlink turned SpaceX into an unstoppable money machine with 10,000 satellites in orbit. We dive deep into Elon's trillion-dollar bet on "orbital data centers," his plan to move AI infrastructure into space, the acquisition of xAI, the Cursor deal, a possible Tesla–SpaceX merger, and his 82% voting control that makes him almost impossible to challenge. Is Elon Musk now too big to…

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