Fire money, Regret minimisation and SpaceX 08Jun2026
I grew up on a story about Motilal Nehru: He was so wealthy, legend says he brewed tea, when friends visit him at home, by burning currency notes.
I call that "fire money"—the money you're rich enough to set on fire.
So how much fire money can one afford to lose on SpaceX?
Before you decide on that, let me tell you another story. A real one.
In 1994, Jeff Bezos had a great job on Wall Street. Good salary, strong career, comfortable future.
Then he discovered that the Internet was growing explosively and started thinking about building an online business. But leaving his job felt risky.
Instead of asking, "Will this succeed?", he imagined himself at age 80 looking back on his life and asked:
"Which choice am I more likely to regret?"
He realised he could live with failing. What he couldn't live with was never trying.
So he quit his job and started Amazon.
That's regret minimisation: making decisions based not on what looks best today, but on what your future self is least likely to regret.
In investing, the question becomes:
"When I look back 10 or 20 years from now, which decision would I regret less?"
I missed Bitcoin in 2012, 2015 and even in 2020! I missed so many experiences too, by not doing trial and error. 😅
So, the two first principles before you invest in SpaceX IPO or Anthropic IPO or OpenAI IPO are: fire money and regret minimisation.
Coming to the present...
SpaceX is going to be a one-man company.
Big ego means Elon Musk may bet big on xAI and burn cash.
xAI is the biggest risk for SpaceX.
In my opinion, a price of one hundred and thirty-five dollars per share and a total market valuation of USD 1.8 trillion is high for Space Exploration Technologies Corp (SpaceX) IPO.
After public listing, the share price might rise to 200 dollars a share or fall to 50 dollars. Who knows! As they say, nobody knows anything beyond a point.
Happy investing!
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