Elon Musk thanked JPMorgan Chase & Co. (NYSE:JPM) CEO Jamie Dimon on Wednesday after an X post revived the banker’s comparison of the Tesla Inc. (NASDAQ:TSLA) chief to legendary physicist and inventor Albert Einstein.
Musk Revisits Dimon’s Famous Einstein Comparison
"Thanks, Jamie!" Musk wrote, responding to French entrepreneur Brivael Le Pogam, who cited Dimon’s January 2025 CNBC remarks praising Musk’s work at SpaceX (NASDAQ:SPCX), Tesla and Neuralink.
Le Pogam argued that Musk, like Einstein, may need years to receive recognition. The post credited Musk with reshaping management and education while advancing space travel, energy and artificial intelligence. Those claims were Le Pogam’s opinion.
When the CNBC clip first circulated from the World Economic Forum in Davos, Musk responded, "Nice of him to say."
JPMorgan Feud Becomes Wall Street Alliance
Dimon used that interview to close a yearslong dispute between JPMorgan and Tesla. "Elon and I have hugged it out," he said. "You’ve got to look at Elon. SpaceX, Tesla, Neuralink. I mean, the guy is our Einstein."
JPMorgan sued Tesla in 2021 over stock warrants linked partly to Musk’s 2018 "funding secured" tweet. Tesla countersued in 2023, and both sides dropped their claims in November 2024. Dimon added, "I’d like to be helpful to him and his companies as much as we can."
That reconciliation has since become a Wall Street partnership. At a JPMorgan event launching SpaceX’s investor roadshow last month, Dimon again called Musk "the Edison of our time."
"It’s been an extraordinary 24 years watching Elon grow over time, and now making a massive leap into the future," Dimon said. Maye Musk appeared and recalled her son’s early fascination with the future, while Musk joined remotely.
Banks Rally Around SpaceX’s Public Debut
However, JPMorgan wasn’t the only bank marketing SpaceX’s IPO. Goldman Sachs Group Inc. (NYSE:GS) displayed SpaceX model rockets in Manhattan lobbies, Morgan Stanley (NYSE:MS) showed SpaceX branding, and Bank of America Corp (NYSE:BAC) hosted thousands of clients and lit its headquarters’ spire like a rocket.
The enthusiasm extended to research. Morgan Stanley projected SpaceX revenue could reach $3.4 trillion by 2040. Such estimates remain speculative and depend on Starlink and space-based AI developing as expected.
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