US MARKET CALL: Roaring 2020s Rockets To Mars & Beyond

"Space: the final frontier. These are the voyages of the starship Enterprise. Its five-year mission: to explore strange new worlds, to seek out new life and new civilizations, to boldly go where no man has gone before!" That's the introduction to Star Trek, the long-running TV series. On Friday, Elon Musk, the CEO of SpaceX, went where no man has gone before. He became the world's first trillionaire. The company's IPO went off without a hitch, raising $75 billion, with its shares rising 19% on their first day of trading. While it was the largest IPO ever, it was a drop in the bucket given that the Wilshire 5000 has a $74 trillion market cap (chart).

We congratulate Elon on his remarkable achievement. We do have some advice for him, however. First and foremost, there is absolutely no reason to go to Mars. There is nothing up there. Second, it makes much more sense to locate data centers on the ocean floor than in outer space. It will be much easier to install and repair them. They will get damaged by space debris if they are put in orbit. Third, we also suggest that Tesla offer a hybrid model to boost that company’s sales.