Silicon Valley's father, Peter Thiel, shares 5 iron rules about SPCX: 1. Never compete with Musk He's observed Musk for decades and has seen too many people bet against him. The outcome is always the same: Musk wins. 2. True geniuses always seem crazy at first Musk building rockets and electric cars 20 years ago sounded like pure fantasy. But now? Look where we are. 3. One miracle is luck, two miracles are skill If Tesla succeeded, people could say it was luck. If SpaceX succeeded, people could still say it was luck. But here's the thing: both succeeded! Among the first 10 trillion-dollar companies, 2 belong to him. 4. Great entrepreneurs see what others can't If someone consistently bets on the future when others don't believe, it means they possess a unique understanding that most people lack. Because if everyone could see it, the opportunity would likely already be gone.