Kenny

Space investor🚀 Building @ArcadeBetX

[vincent @SPCX100T]

Anyone who thinks SpaceX $SPCX is overpriced at $1.75T fundamentally fails to grasp what a physical monopoly actually is.

See u at $2.5T in about a week or 2.

[Bearly AI @bearlyai]

SpaceX amended its S-1 to show a new contract with Google paying $920m a month for compute (or $11B a year).

Combined with annualized Anthropic contract ($15B), SpaceX is selling $26B a year in compute.

That is 40% more than SpaceX’s entire revenue in 2025 of $18.7B.

[chud.eth @chud_eth]

Hilarious:

Gnosis Ltd (the entity that took $30m/yr of DAO money and produced $400k of revenue for it) claims that there's some activist investors vying for a 'buyout at a premium', and how unfair this is to remaining GNO holders.

Let's fact check that a little...

We approached Gnosis Ltd saying that trading below NAV wasn't acceptable, need to close the discount. They agreed, and said they agreed with the NAV posted on their dashboard. Great.

Then they randomly changed the dashboard and added 250k GNO from nowhere, 20% of circulating supply, ($30m/yr funding proposal was made on the premise that equity like claims would be extinguished => Ltd held GNO isn't circulating for NAV)

Then they offered to OTC us out with a 7d TWAP. I know that they've been turning off buybacks unilaterally every time they agree one of these, so declined, and said that OTC at NAV was where we were at. (@Balancer @karpatkey did you know you both got rinsed on this btw?)

Then they come out talking about how we are greedy and want an OTC at a premium (nice framing, ignoring that you trade at a negative operational valuation and we just wanted NAV - i.e. $0 value for the ops), without the actual greedy reintroduction of 20% of supply for no reason.

Now, they are cutting their enormous 150 head count to a still ridiculous 110, for an entity making $400k/yr of ops revenue. They're planning to focus on 3 nepotism-driven products (Circles is the pet project of two of the three co-founders and is the absolute lowest PMF of any Gnosis product, for example). They are inviting a governance proposal to buy back to NAV (One already exists to pro-rata redeem any GNO that wants to exit at NAV), but also say that people pushing for GNO to trade at NAV are greedy (not the ppl extracting tens of millions for no return though!).

We aren't going to let these guys continue to drain GNO holders' cash. GNO will trade above NAV for the first time in years and Gnosis Ltd, who are unlikely to be a service provider of the DAO in 3 months, can go and look for a new gravy train. The current proposal, and any successive ones, must not be buybacks at the whim of people who have been shown to lie, pilfer, and dilute people on the other side of their incentives.

Our path forward sounds much fairer for GNO holders to finally trade >NAV than the status quo of having $30m taken every year for no return, and random introduction of supply to dilute the already dwindling NAV some more.

[Brian Feroldi @BrianFeroldi]

Warren Buffett talking to Peter Lynch:

[Jack Kuhr @JackKuhr]

Voyager Starlab CEO Marshall Smith hopped on the show to chat NASA's proposed changes to CLD and the Starlab station.

“We’re not building the ISS. We’re building a single system that we can build on the ground. We can test on the ground in its entirety. Launch it, and it’s ready to go roughly within literally weeks."

"And that is a huge, huge cost savings, so we can get our costs down dramatically.”

We covered:
- Proposed CLD changes
- Docking to the ISS
- $90M Starship contract
- Status of Starship's fairing
- Thoughts on the station market
- Station economics
- Starlab's hardware progress

@itsmoislam

[Philip Johnston @PhilipJohnston]

Jensen just walked on stage to the @Starcloud_-1 deployment video at @NVIDIA’s GTC Taipei! 😍👌🚀

Video courtesy of @SpaceX 🙏🙏

[Curiosity Films @Curiostyfilms]

@Starcloud_, the space datacenter company that has inspired SpaceX to IPO, has announced that it will integrate SpaceX Starlink mini laser terminals across over 25 satellites within the next year.

[Kenny @kenny]

@kevinxu Stay humble and don’t show off money to flex on the on people that are clipping Panda Express coupons now

[papi.hl @papipnl]

I respect the hell out of anyone who made their money in public markets. No barriers of entry, no buddy buddy deal flow, just true PvP in the orderbooks.

[Chris Ray @itschrisray]

Very rough for Blue Origin.

Like I said though, this firmly cements $RKLB as the #2 commercial launcher (if that was ever a question), and gives them a chance to leapfrog BO with Neutron later this year.

BO likely won’t launch again for a long time after this. $ASTS is down.

[Words of Wise | Mindset Coach @Wordofwise_]

“I do not think that there is any other quality so essential to success as the quality of perseverance.”

— John D. Rockefeller

[Girişimci Hisler @girisimcihisler]

“Acı gerçek şu ki…

Barışçıl bir insan bile gerektiğinde şiddetin ne olduğunu bilmeli.
Aksi halde sahip olduğu huzur, onu tehdit eden kişinin insafına kalır.”

Miyamoto Musashi

[Words of Wise | Mindset Coach @Wordofwise_]

Take time to deliberate, but when the time for action comes, stop thinking and go in.”

— Napoleon Bonaparte

[Kacee Allen @KaceeRAllen]

@WatcherGuru And they still never audited Fort Knox.

[Heisenberg @Mr_Derivatives]

The Korean stock market is up another 4% tonight.

This is truly unbelievable what we are witnessing.

Everything memory related has gone straight vertical.

[Sunny Long @real_sunny_long]

$RKLB

We are entering the Space Era.
Strap in.

[eric @econoar]

I don't really blame David, ETH has grossly underperformed the general crypto market for many years now. I think a lot of his views here are valid and as I've mentioned, I've personally divested a lot out of ETH the past 1-2 years now. To this point, everything I've switched into has greatly outperformed ETH.

Honestly, I don't even think ETH underperforming is really related to any fundamental wrong doing. One thing I think a lot of people fail to realize is how violent the initial ETH run was. It's going to take a long time to shake off the breadth of millionaires that were created in such a short period of time.

At the end of the day, maximalism to a single coin when it comes to portfolio management is pretty silly. The market doesn't lie, there's no reason to trade against it. You can always trade back into a coin if it gets hot.

[Kenny @kenny]

@JonErlichman Voyager has been ripping $VOYG

[Recheal Peter's @reacheal_pats]

Markets showing 92% probability @SpaceX IPO smashing $1,600,000,000,000.00 USD