Former BlackRock fund manager Ed Dowd on the SpaceX IPO:
"people gotta understand... [SpaceX] raised $75 billion... [and only] floated 5% of the stock... it's a very small float"
"[But its valuation], that's a different story"
"$1.7 trillion did not go to SpaceX. [It is] $75 billion. So people need to understand that"
"then when Anthropic and OpenAI, if they ever make it to IPO, they're going to raise about $100 billion each. So the total raised actual real money is about $300 billion between these three IPOs"
"Their valuations, that's a different story. And those probably won't hold and they'll probably, you know, go down 80%. So anybody buying these stocks at these prices is probably going to lose a lot of money if they hold on to them"
@ShannonJoyRadio@DowdEdward
Coolcats raised $500,000 from their original mint
They got $14,000,000 from their CoolPets mint
They've earned $16,000,000 in royalties
This is what they made:
Threadguy reveals Hyperliquid was the only venue on earth that didn't break during the SpaceX IPO
"What Hyperliquid pulled off on the SpaceX pre-IPO was absolutely incredible. So much volume, so much OI, the market was so liquid, and it predicted the price almost perfectly. The last quote that came out was 150, and within 10 minutes of the IPO it was at 175. It was wild how accurate it was."
"And here's the crazy part. The moment the IPO went live, Robinhood was down, Coinbase was down, Bybit had to refund everybody that participated, Binance had to refund everybody that participated, and Hyperliquid was the only venue on the planet with absolutely no problems. Very impressive tech performance on the biggest IPO in history."
Today I did 2 swaps in confidential mode on https://t.co/5q45KxgPVJ and my 950 $NEAR turned into 943.7 $NEAR. This really surprised me, so I decided to dig deeper.
seen some takes on "i'd buy SPCX in 3 months at a lower price"
sure - but that's on a fundamentally different thesis
the thesis at open should be entirely based on flow - val doesn't matter
because you have a stock that has
- 4.2% float
- o/w only 20% to retail -> this means 0.8% possible sell pressure (rest to long-only)
- o/w >50% won't sell given flipping policy / natural hodler -> 0.4% possible sell pressure
while index funds are expected to buy 20bn / 1%
1% >> 0.4%
it's like elon launches at coin with 99.6% control while a DAT is coming in 2 weeks. insanity
BREAKING: Iran says talks have now "completely stalled" due to Trump's positions and actions, saying that as long as Trump does not accept all of Iran's demands in the draft, the 60-day negotiation period has no chance of beginning and Iran won't sign, per a source close to Iran's Ghalibaf.
Vance's new statements say the deal involves "no cash" and "no funds released for signing," while Iran's draft requires the US to release $24 billion in frozen funds and pay Iran $300 billion in war reparations before Iran signs anything.
There clearly isn't an agreement.
๐จ๐บ๐ธ๐ฎ๐ท The Iran deal is essentially DONE.
Ceasefire extended, strait reopened, uranium downgraded to zero in 60 days, no money unfrozen until they behave.
Trump says the Supreme Leader approved it.
Dow jumped 900 points. Oil fell to the 80s.
something i believed early on that i now think is complete bullshit: that altcoins are going to change the world.
i used to read whitepapers and get genuinely excited about the technology. this project is going to revolutionize finance. that one is going to decentralize the internet. the tech was amazing.
most of them were slow rug pulls or overambitious projects that never delivered.
now i treat every alt like a meme coin. yes, even the ones i own.
this sounds cynical but it's actually the most freeing mindset shift i've made. when you stop falling in love with a coin it becomes so much easier to sell when the time comes. no more marrying bags. no more holding through a 90% drawdown because you believe in the vision.
to some degree i think stocks are meme coins too. but that's a different post.
How it works: burn 1,000,000 $BLOXWAP.
In return you receive the Genesis Badge โ a
permanent on-chain record stored on Solana that
marks you as one of our original supporters.