Walmart’s IPO still has one of the craziest lessons for SpaceX investors.

A $1,000 investment in Walmart at its 1970 IPO would be worth about $38.9M today, thanks to 56 years of compound growth and 12 stock splits.

Meanwhile, a $1,000 investment in NVIDIA at its IPO has already grown to roughly $8.4M—an enormous figure, but still far behind Walmart in long-term performance.

And this is only the part that’s most interesting for SpaceX and Anthropic.

SpaceX is currently valued at around $2T+, while Anthropic has also joined the group of AI startups valued at hundreds of billions of dollars. But both are still at a stage where future growth matters more than their current valuations.

Walmart took more than half a century to turn a small investment into a massive asset.

The real alpha might not be finding the next NVIDIA. It might be having the patience to hold the next Walmart.

If SpaceX truly becomes one of the biggest companies in the world, how much do you think $1,000 today could turn into after 30–50 years?
$NVDAB
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