Elon Musk is the Steve Jobs of our time. |
Musk is simultaneously leading Tesla and SpaceX. By the end of June – he’ll be the CEO of two publicly companies valued at over $1 trillion. |
Here’s how to buy SpaceX Pre-IPO shares – at a huge discount to the IPO price. |
Apple (NADAQ: AAPL) announced that Tim Cook is stepping down as CEO on September 1. |
He'll stay on as executive chairman. John Ternus, the head of hardware engineering, takes over as chief executive. |
Shares dipped slightly after-hours. That's understandable. Cook has been one of the great CEOs of his generation. Investors don't like uncertainty. |
But let me make the case for staying patient. |
First, let's talk about what Cook actually built. |
When he took over from Steve Jobs in 2011, Apple had a market cap of around $350 billion. Today it's $4 trillion. That's a gain of more than 1,000% — roughly double the S&P 500 over the same period. |
But the stock price is only part of the story. |
Cook ran Apple with unusual financial discipline. While Amazon, Microsoft, Google and Meta have spent hundreds of billions building out AI infrastructure, Cook kept his foot off the gas. He didn't chase every trend. He focused on what Apple does best — premium hardware, a sticky ecosystem, and services with high margins. |
That restraint showed up in the cash returns to shareholders. |
Apple returned over $1.1 trillion to shareholders through buybacks and dividends under Cook’s tenure. That is not a typo. More than one trillion dollars returned directly to investors — one of the largest capital return programs in the history of public markets. |
Want to buy Pre-IPO shares of the biggest IPO of 2026? Go here for important instructions. |
Now investors are asking what comes next. |
That's a fair question. It always is when a great CEO leaves. |
But we've been here before. |
When Steve Jobs passed away in October 2011, the concern was even more acute. Jobs wasn't just a CEO — he was considered the irreplaceable creative genius behind everything Apple stood for. The eulogies for the company came quickly. Many investors expected Apple to slowly fade without him. |
Instead, it became the most valuable company in the world. |
And Apple isn't the only example. |
Jeff Bezos stepped back from Amazon in 2021. Andy Jassy took over. Amazon stock has more than doubled since then. The business kept growing — AWS, advertising, Prime — because Bezos had built systems and culture that didn't depend on him showing up every day. |
Steve Ballmer left Microsoft in 2014. His tenure had been widely criticized. Satya Nadella took over and transformed the company into a cloud and AI powerhouse. Microsoft's market cap went from roughly $300 billion to over $3 trillion under Nadella. |
The pattern is consistent. Great companies are bigger than any single leader. |
Apple has 2.5 billion active devices. A services business doing over $100 billion a year. The most loyal customer base in consumer technology. A product pipeline that includes a foldable iPhone and a significant AI push in Siri. And now a new CEO in Ternus who has spent 25 years inside the company building its most important products. |
This is not a crisis. It's a transition. |
Apple is my largest single stock holding. It has been for years. IMO the company is the most durable of the Magnificent 7 stocks – even after Tim Cook retires. |
Right now, investors have a chance to invest in Elon Musk’s SpaceX before it starts trading on Nasdaq. |
The $1.75 trillion IPO is planned for June or July. Yet today you can secure a stake far below the IPO valuation. |
Go here now for details. |
Ian Wyatt
Editor, Daily Profit |
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