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#SpaceXPassesMicrosoft A trillion-dollar fortune wasn’t the biggest story this week. The speed of the repricing was. SPCX didn’t just move higher—it jumped past some of the largest companies in the world within days. That kind of move rarely happens because investors suddenly discovered new information. It happens when capital decides a future opportunity is worth paying for today. What stands out to me is that passive fund flows are now entering the picture. That creates demand that isn’t driven by emotion or headlines, but by allocation rules. It’s one reason powerful trends can last longer than most expect. In my view, the key question isn’t whether SPCX deserves its valuation. The real question is how much future growth is already reflected in the price. As long as buyers keep focusing on the long-term story, momentum can persist. But expectations are now rising faster than fundamentals, which usually means volatility isn’t far behind. @OKX Orbit $SPCX