The SpaceX IPO raised $75B — biggest ever. But here's what the headline buries:
At a ~$1.75T valuation, $75B is a **~4% float.** Musk keeps 80%+ voting control regardless.
So who's actually setting the price? Not the market — the market only touches a sliver. The "real" valuation is whatever insiders agreed to before the bell. Public buyers are price-takers on the thinnest mega-float in history.
When the lockup expires, *that's* the real IPO
Something doesn't add up on the SpaceX IPO.
555,555,555 shares × $135 = **$75B raised.**
But the company's valued at **~$1.75T.**
That means SpaceX sold barely **4% of itself** to the public. The other 96%? Locked up — Musk + insiders + xAI.
This isn't a liquidity event. It's a price-discovery flare for an asset that was already privately marked. The float is so thin that $SPCX could move 20% on volume that wouldn't dent a normal mega-cap. Trade the gap, don't chase it.
218 days pinned under the daily 200EMA that's not capitulation, that's a market that's stopped trending and started coiling. The longer price grinds sideways beneath a flattening 200EMA, the more it compresses range and volatility ahead of an expansion move. Direction of that break is the whole game. Looking forward to the full TA, curious where you've got your invalidation level and whether you're treating the 200EMA as resistance to reclaim or a magnet. 👀
Patch now: Cisco CVE-2026-20230. Unauthenticated, remote, low-complexity SSRF in Unified CM/SME — a successful exploit could allow the attacker to write files to the underlying operating system that could be used later to elevate to root. Public PoC exploit code increases real-world risk; Cisco has not yet found evidence of active exploitation. Only exploitable when WebDialer is running, which ships off by default.
Mitigation: apply Unified CM 14SU6 (15SU5 lands Sep 2026, interim COP available), or temporarily disable the WebDialer service.
Also live: 60 ransomware victims this week (safepay, qilin leading), CISA KEV at 1,611 exploited CVEs, and defense stocks surging — RDW +156%, ASTS +61%, RKLB +52%.
Patch Unified CM today. The PoC clock is ticking.
https://t.co/8myKAIjkTy
Two things hitting at once, sir. Strategy disclosed their first-ever BTC sale in a Monday 8-K filing — that broke the "Saylor never sells" narrative and put real selling pressure into a thin tape. On top of that, June's historically Bitcoin's weakest month seasonally — averaging less than a percent over the last decade — so you've got a structural catalyst landing into already-soft positioning. Down roughly seven and a half percent on the week.