With a market cap of $2.8 trillion, SpaceX just passed Amazon to become the 5th largest company in the world.
Amazon Sales: $743 billion
Amazon Net Income: $91 billion
SpaceX Sales: $19 billion
SpaceX Net Income: -$9 billion
Only ~5% of SpaceX stock is floating right now
~95% $SPCX is still locked
Most don’t realize bearish pressure often comes later, when insiders finally get liquidity
Unlock schedule below ⬇️
@AdviserCounsel SmartAsset’s ranking of the “Top 10” is one of the most flawed, inaccurate list of wealth managers the industry has ever seen. Looks like a pay to play list
As I have reported several times and now acknowledged by the Governor of California...Gavin and his wife are under federal investigation... what he failed to tell you... This began during the Biden Admin. Kind of a big detail.
Equity issuance + corporation debt binge + CapEx surge + pending depreciation from AI build out = difficult environment for stock earnings in a few years
Equity issuance is exploding, ending the era of stock scarcity as IPO fever hits. So far 160 cos have announced IPO (incl some big dogs) with plans to raise over $120b, exceeding the combined total from prev two years, which should add $1.5T of stock to the US eq mkt. Good 'Big Take' today from @luwangnyc@csreinicke
Canada is what happens when you let a radical left-wing drama teacher run a whole country. They used to be rugged hockey players, now they’re a population of woke, state-controlled puppets who need a government permit just to complain about the weather.
when the capital intensive business decides to sacrifice margin to juice sales…
competing on price to grow volume in a business with negative margins is a zero sum game.
*OPENAI MULLS SIGNIFICANT CUTS TO WHAT IT CHARGES FOR TOKENS:WSJ
OpenAI cutting token prices to try to take market share back from Anthropic. In response, Anthropic will eventually of course have to cut token prices to stay competitive with OpenAI.
The commoditization of AI is happening before our eyes
With unprecedented investor demand for the largest IPO in history (SpaceX), it's worth remembering a simple lesson:
A great company doesn't always make for a great investment at any price.
The median major IPO lost 31% in its first year & suffered a 53% drawdown along the way.
The 10 biggest IPOs in history went down an average of 35% in their first 6 months.
SpaceX wants $1.75 trillion on Friday and people are calling it a generational entry...