Machado

|MMXVI| AMDG

[NBA @NBA]

THE FULL ENDING OF GAME 4.

UNCUT. 🍿🍿🍿🍿

[The Kobeissi Letter @KobeissiLetter]

This is absolutely insane:

The SpaceX IPO has now drawn more than $70 BILLION worth of retail orders alone.

SpaceX is raising $75 billion, making retail interest ALONE enough to nearly fill the entire sale.

To put this in perspective, the previous record IPO was Saudi Aramco in 2020 at $29.4 billion.

This means that retail interest in SpaceX is now 2.4 TIMES larger than the total amount raised in the previous largest IPO in history.

As a result, SpaceX has announced that 20% of their IPO will be allocated to retail investors, following through on @elonmusk's vision to democratize the record IPO.

Nothing even remotely near what SpaceX is about to do has ever happened.

Friday will be a historic day.

[The Kobeissi Letter @KobeissiLetter]

It's official.

Game 3 of the NBA Finals between the New York Knicks and San Antonio Spurs is now the most expensive NBA game in history.

The cheapest ticket available? $10,622 per seat.

This game will shatter every previous record by a mile.

[The Kobeissi Letter @KobeissiLetter]

BREAKING: SpaceX has officially filed its S-1 registration statement with the US SEC ahead of its record-setting IPO.

Details include:

1. SpaceX intends to list its shares on the Nasdaq under ticker symbol $SPCX

2. SpaceX posted Q1 2026 revenue of $4.69 billion

3. Elon Musk will be CEO, CTO, and Chairman of the Board after the IPO

4. SpaceX holds $15.8 billion in cash as of March 31st

5. SpaceX is seeking to raise a record $80 billion in its IPO with an expected IPO date of June 12th

More details to come shortly on this historic IPO.

[The Kobeissi Letter @KobeissiLetter]

NVIDIA, $NVDA, EARNINGS SUMMARY:

1. Record quarterly revenue of $81.6 billion, above expectations

2. Q1 adjusted EPS of $1.87, above expectations

3. Q2 revenue guidance of $89.2 billion to $92.8 billion, above expectations

4. New $80 billion share buyback authorization

5. Increase in dividend from $0.01/share to $0.25/share

6. Total revenue growth of +1,035% over the last 3 years

Once again, Nvidia has crushed just about every expectation possible.

The AI Revolution is on fire.

[Natalie Issa @njissawrites]

No director this century will top what Peter Jackson did in the Lord of the Rings trilogy.

Not because he faithfully adapted Tolkien's work (he didn't quite).

But because he made 3 movies telling 1 coherent story at epic scale that were a critical and commercial success.

[The Kobeissi Letter @KobeissiLetter]

BREAKING: The S&P 500 officially hits 7,500 for the first time in history, now up +19% since the March 30th bottom.

That's +$10.9 TRILLION in market cap in 7 weeks.

This truly is one of the best runs ever seen.

[The Kobeissi Letter @KobeissiLetter]

BREAKING: The S&P 500 officially rises above 7,350 for the first time in history, now up +16% since the March 30th low.

That's +$9.4 TRILLION in market cap since March 30th.

[The Kobeissi Letter @KobeissiLetter]

BREAKING: The S&P 500 officially posts its highest close on record, now up +14.2% since the March 30th low.

That's +$8.1 TRILLION in market cap in 23 trading days.

[Trad West @trad_west_]

>Be Samwise Gamgee
>Just a humble gardener who loves potatoes
>Gets dragged into a literal apocalyptic war against the Dark Lord
>Doesn't have magic, not of royal blood, and isn't an elite warrior
>Just wants to help his friend Frodo
>Fights off a giant, ancient demon spider (Shelob) with a glowing vial and a small sword just to protect his friend
>When Frodo collapses on the slopes of Mount Doom, completely broken by the evil weight of the Ring Sam carries Frodo AND the ring to the top of Mount Doom
>"I can't carry it for you... but I can carry you!"
>Without him the one ring would not have been destroyed
>Returns home, gets married, has kids, and lives a quiet, a quiet life as a father
>The true, unspoken hero of Middle-earth
>Tolkien used this character to show that sometimes the hero is just the average man who steps up to do what is right

Be like Sam.

[The Kobeissi Letter @KobeissiLetter]

BREAKING: The S&P 500 closes at its highest level on record and officially posts its fastest recovery since 1982.

The S&P 500 has now added +$7.3 TRILLION since its low on March 30th.

[Trad West @trad_west_]

>The Lord of the Rings trilogy
>Released before Hollywood started butchering fantasy
>No forced modern politics, just good vs. evil
>Deeply rooted in Tolkien's Catholic framework and absolute moral truth
>Shows the strength of true brotherhood
>Aragorn & Sam are the ultimate blueprint for traditional masculinity
>The entire core message is about destroying absolute power rather than trying to wield it
>Good prevails when honourable men refuse to sit by and let evil win
>Still the greatest cinematic trilogy in history

We didn't know how good we had it.

[The Kobeissi Letter @KobeissiLetter]

BREAKING: Iran officially reopens the Strait of Hormuz for ALL commercial vessels for the remaining period of the ceasefire.

Iran's statement below:

"In line with the ceasefire in Lebanon, the passage for all commercial vessels through Strait of Hormuz is declared completely open for the remaining period of ceasefire, on the coordinated route as already announced by Ports and Maritime Organization of the Islamic Rep. of Iran."

[Bull Theory @BullTheoryio]

A shoe company went up 910% today. This exact thing has happened before and It never ends well.

When a dying company adds a hot new narrative to its name, the stock explodes, not because the business changed, but because retail traders pile in before they understand what they are buying.

KODAK was a dying film company.

The US government announced a $765 million loan to pivot it to pharmaceutical manufacturing. The stock went from $2.13 to $60 in 48 hours, over 2700%.

Trading was halted 20 times in a single session. The SEC investigated insider trading. The loan was paused. The stock crashed back to single digits within weeks.

This happened with Bitcoin in 2020 and 2021.

Dozens of small struggling companies announced they were adding Bitcoin to their balance sheet.

SEMLER SCIENTIFIC was a medical device company nobody had heard of, it announced a Bitcoin treasury strategy and the stock surged over 35% in a single session.

METAPLANET was a failing Japanese hotel company, it announced Bitcoin adoption and the stock went up over 326% in weeks. The businesses and products did not change. Just the narrative changed.

Before that it was crypto and NFT pivots.

VINCO VENTURES announced a crypto pivot in 2021 and went from $1 to $12, over 1100%. It now trades at pennies.

LONG ISLAND ICED TEA changed its name to Long Blockchain in 2017 and the stock went up 289% overnight. The company had zero blockchain business.

Today the magic word is AI.

ALLBIRDS said it is pivoting to AI compute and went up 910% in a single day. The shoe business was sold for $39 million. The AI business does not exist yet. The stock responded like it was the next Nvidia.

The pattern is always the same. Struggling company, Hot narrative, Tiny float Retail FOMO and a Violent pump.

Early buyers exit at the top. Late buyers are left holding a stock that has nothing behind it.

[Boring_Business @BoringBiz_]

Watching AllBirds stock be +430% after announcing a pivot from being a shoe company to a GPU as a service AI company

[The Kobeissi Letter @KobeissiLetter]

The market's reaction is very telling.

Amid the news of a two-week ceasefire, the S&P 500 is now nearing 6,800, trading just ~3.5% away from a new record high.

Gold prices are soaring toward $4,900/oz, Bitcoin is above $72,000, and silver is nearing $77/oz.

The reality is that in the background of the Iran War's headlines and volatility, the AI Revolution has been rapidly expanding and inflation expectations have risen.

Magnificent 7 companies are investing over $600 BILLION in AI CapEx this year alone, and that has not changed.

On top of this, we have seen exposure to equities drop sharply due to the volatility, now at the lowest level since May 2025, with this capital eager to re-enter the market.

So now, we have one of the biggest technological revolutions in history coupled with higher inflation, which investors need to hedge against, and trillions of dollars of sidelined capital.

We have been saying it for months and will continue to say it now:

Own assets or be left behind.

[The Kobeissi Letter @KobeissiLetter]

BREAKING: US oil prices are crashing, now down -21% over the last 8 hours.

[The Culturist @the_culturist_]

The West Wind, by American sculptor Thomas Ridgeway Gould (1870).

Divine.

[Mark W. @DurhamWASP]

“Socialism always attacks 3 basic social institutions: religion, the family, & private property. Religion, because it offers a rival authority to the state; the family, because it means a rival loyalty to the state; & property, because it means material independence of the state”

[That Catholic Guy 🇻🇦 @Catholic_bro]

The Catholic Church’s triumph over paganism is so complete that the very place where Christians were once fed to lions is now the same place where the Pope freely carries the Cross