Opinions are a dime a dozen and nearly everyone will share theirs with you. Many will state them as if they are facts. Don't mistake opinions for facts. #principleoftheday
What just happened?
At 9:45 AM ET, the S&P 500 was trading nearly +1.5% higher and tech stocks were sharply higher.
At 10:40 AM ET, selling pressure began to intensify without any major headlines in one of the biggest reversals of the year.
Just 2 hours later, President Trump said Iran shot down a US helicopter "last night" and that the US must "respond to this attack."
This sent the S&P 500 to a new low of the day, down 240 points since 9:45 AM ET.
In just 3 hours, the S&P 500 has erased -$2.1 trillion in market cap.
Volatility is back.
GOLDMAN SEES SPACEX AI REVENUE EXPLODING TO $322B BY 2030
Goldman Sachs projects SpaceX AI revenue rising from $3.2B in 2025 to $322B by 2030, a ~100x increase, forming the core justification for its $1.78T IPO valuation. Total revenue is forecast to reach $474B, with Starlink at $144B and rockets at $8.3B.
AI segment growth is tied to aggressive market assumptions despite current losses and execution concerns around xAI. Overall EBITDA is seen surging to $352B by 2030.