Sequoia Partner Shaun Maguire, an investor in SpaceX (NASDAQ:SPCX), praised the company following its initial public offering, which achieved a valuation near $2 trillion. Maguire told CNBC that this milestone represents the end of the first chapter for SpaceX, with the next phase focused on exploring the stars and enabling space travel for future generations. He emphasized that the company holds the most important mission of any in history.

SpaceX IPO and Valuation

SpaceX went public on Friday, securing a valuation near $2 trillion. Maguire highlighted this event as a critical moment for the company. The prospectus is based on first-quarter financials, though Maguire projects significant growth by the fourth quarter. He estimates revenue could increase by 200% year-over-year in the fourth quarter, factoring in deals with Anthropic and Alphabet.

Leadership and Key Man Risk

Maguire's relationship with Elon Musk stems from personal and Sequoia investments in multiple companies owned by the billionaire. He lauded Musk as the most visionary entrepreneur of all time, describing him as a technical genius and a great salesman. However, Maguire acknowledged the potential for "key man risk" given Musk's significant control over the company and the possibility he may not always be at the helm.

Future Growth Projections

Maguire identified data centers, Starlink direct-to-cell, and expanded compute as key drivers for SpaceX's future. He forecasts "dramatic growth" over the next three years, with revenue reaching the hundreds of billions by 2030. The Starship rocket system, which Maguire called the "railroad to space," is expected to unlock trillions of dollars in addressable market opportunities. He compared the growth in space to the historical impact of railroads and sailboats.

Investor Sentiment

Maguire expressed strong confidence in SpaceX's long-term prospects, stating that he intends to hold his personal shares forever. While Sequoia may sell or distribute its shares in the future, Maguire remains committed to his personal investment. He believes investors are currently underestimating the opportunity in space, drawing parallels to transformative historical innovations.

U.S. stocks advanced over the past week as cooler-than-expected inflation data and solid corporate earnings steadied investor sentiment. The Dow Jones Industrial Average, S&P 500 and Nasdaq Composite all gained after the latest Consumer Price Index report suggested price pressures are easing, reducing fears that the Federal Reserve would pursue additional rate hikes. Investors interpreted the data as a sign that policymakers may maintain a patient stance, reviving confidence across risk assets.

Corporate developments supported the rally, with Oracle Corp. shares surging after the company delivered stronger-than-expected earnings and upbeat guidance. Enthusiasm surrounding SpaceX and the broader space sector boosted interest in aerospace-related names, adding another pocket of strength to a market increasingly driven by innovation-focused themes. Technology stocks regained leadership as investors rotated back into growth after the previous week's correction.

Oracle Reports Double Beat in Q4

Oracle Corp. delivered a fiscal fourth-quarter earnings and revenue beat, with adjusted earnings of $2.11 per share topping estimates of $1.96. Revenue climbed 21% year over year to $19.18 billion, driven by surging cloud demand. Oracle Cloud Infrastructure revenue soared 93%, while remaining performance obligations jumped 363% to $638 billion. The company also disclosed plans to raise approximately $40 billion through debt and equity financing in fiscal 2027 to fund its aggressive AI data center expansion.

SpaceX IPO Ignites New Wealth Era

SpaceX's blockbuster IPO pushed Elon Musk's estimated net worth above the $1 trillion mark, making him the world's first trillionaire. His roughly 38% stake in the aerospace giant and holdings in Tesla Inc. account for the vast majority of his fortune. SpaceX's debut valued the company at more than $2 trillion, ushering in a new era of wealth creation driven by dominant positions in space, artificial intelligence and advanced technology.

Market Outlook and Sector Moves

Despite the improved mood, markets remain sensitive to incoming economic data and Federal Reserve signals. Traders continue to weigh cooling inflation against a still-resilient economy, while elevated valuations in AI-linked sectors leave little room for disappointment. For now, easing price pressures and strong earnings have helped restore momentum on Wall Street, but investors are likely to remain cautious as they assess whether the recent rebound can be sustained through the summer.

In other stock moves, SanDisk Corp. continued its ascent after Bank of America raised its price target to $2,100, citing tight NAND supply conditions and robust AI-driven storage demand. Conversely, Apple Inc. shares declined following its 2026 Worldwide Developers Conference as investors questioned the monetization timeline for its AI strategy. Super Micro Computer Inc. shares tumbled after unveiling plans to raise approximately $7 billion to fulfill AI server orders, sparking concerns about shareholder dilution.