Shaun Maguire, partner at Sequoia Capital and one of the sharpest investors in this space, gave the most precise bull ca…

Milk Road AI Twitter · Milk Road AI (@MilkRoadAI) · 2026-06-12

Sequoia Capital partner Shaun Maguire makes a bull case for SpaceX stock (SPCX) on IPO day, anchoring the thesis to Starlink's revenue trajectory from zero dollars in late 2019.

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AI Company Public Market Access: S&P 500 Rejects SpaceX Fast-Track, Closing Path for OpenAI and Anthropic

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Topics: spacex-ipostarlinkventure-capitalinvestment-thesis

Claims

Sequoia Capital partner Shaun Maguire publicly made a bull case for SpaceX around its IPO day.
Starlink had not generated any revenue as of late 2019.
Starlink's explosive revenue growth since 2019 is the central element of the SpaceX bull case.
Understanding the late-2019 baseline is the key to correctly sizing SpaceX's trajectory.

Key quotes

Shaun Maguire, partner at Sequoia Capital and one of the sharpest investors in this space, gave the most precise bull case for SPCX you will hear today.

In late 2019, Starlink had not yet generated a single [dollar of revenue]