Al McFarlane

[Peggy Flanagan @peggyflanagan]

President Trump is the grifter-in-chief. He just made $1 BILLION in crypto sales.

I don't think the president should use his office to enrich himself. But last year, Angie Craig was the only MN Democrat to vote to let Trump get rich selling crypto coins.

[Ben Crump @AttorneyCrump]

Before Jackie Robinson, there were the Negro Leagues. A legacy of greatness that changed baseball forever. Share this because every month is Black History Month.

[George Noble @gnoble79]

The largest IPO in history is also shaping up to be the largest exit liquidity operation in history

SpaceX went public at more than 90x revenue, and the insiders who bought in at a fraction of today's price are about to start selling their shares to you.

Let me walk you through why this IPO is built to separate retail investors from their money:

SpaceX has NEVER turned a profit and lost close to $5 billion last year.

At the offering you were paying more than 90x revenue and at the peak the market briefly valued it near 140x.

30 years ago the head of Sun Microsystems explained in detail why paying even 10x revenue almost always ends in tears, and he was right.

But listen closely, because the valuation is not even the real story.

The scarcity is what CREATED this valuation in the first place, and the calendar that kills the scarcity is what kills the price.

Less than 5% of SpaceX shares were actually available to trade at the IPO. Then the index committees REWROTE their own rules to fast track the stock into the Nasdaq 100 just 15 trading days after listing, which forced every passive fund and index ETF in the country to buy at the exact moment the float was at its tightest. The Nasdaq inclusion alone forced an estimated $4.3 billion of buying, and the Russell reweighting added roughly $3 billion more.

The supply was minuscule and the buying was mandatory. That's a manufactured squeeze, and it is why the stock went above $225 in its first week.

Now watch what happens next, because this is the part they ain't explaining to you:

The lockup was staggered on purpose, and the entire schedule is sitting in the prospectus for anyone who bothers to read it.

In early August, right after Q2 earnings, 20% of the locked shares come free. Another 10% unlocks early if the stock trades 30% above the $135 IPO price going into the report.

Then tranches of 7% hit the market at 70, 90, 105, 120 and 135 days after the IPO, which means fresh insider supply lands roughly every 2 to 3 weeks from late August through late October.

Q3 earnings triggers the single biggest release of all, another 28%, roughly 1.3 billion shares. On December 8 the 180 day lockup expires entirely. And on June 12, 2027 comes the final wave, when Musk's own 6.4 billion shares, 42% of the whole company, become sellable for the first time.

Add it all up and insiders could be free to sell as much as 44% of the company by early September, which would balloon the tradable float by roughly 900%.

All of that supply lands on a stock the company deliberately packed with retail, because SpaceX reserved close to 30% of the offering for individual investors vs the usual 10%.

This deal created over 4,400 paper millionaires inside the company. You think none of them are looking to cash out?

Early holders are already loading up on puts to lock in what they have.

First they keep the float tiny. Then they let the index rules force the world to buy at the top. Then they release a flood of insider stock into a crowd of retail buyers who were handed the shares up high.

When the price finally breaks the offering level, the people who got in years ago at pennies on today's dollar will hit the bid, and the exit liquidity is your retirement account.

And what are you actually left holding? Strip away the science fiction and the only business inside SpaceX that reliably earns money is Starlink, which produced $1.2 billion of operating income last quarter. A wonderful business worth hundreds of billions on its best day. NOT $2 trillion.

Serious fair value work lands around $30 a share.

Nobody has been a bigger bear on this deal than me. I called it out the moment it started trading, and it is already playing out on schedule as the shares have given back the entire squeeze and slipped below their opening print.

I was Peter Lynch's auto analyst back in 1981 and I have watched every disaster since, and I am telling you this is one of the great wealth transfers of my lifetime packed into a fancy narrative.

Tesla was the biggest misallocation of capital in the history of stock markets. SpaceX may have just surpassed it.

SPCX goes straight onto my short list, and the beauty of this setup is that the catalyst is not a guess or something, it is literally a PUBLISHED CALENDAR.

This is the most grossly overpriced stock at scale that I have ever seen.

[Al McFarlane @AlvinMcFarlane]

Insight ::: 07.13.2026 https://t.co/c9ec9ABSEh via @issuu
Read and reflect. What do you think the 4th of July means to us? Let me know if Insight News can publish your response/comment. You can share comment directly at [email protected]. https://t.co/c9ec9ABSEh

[Ben Crump @AttorneyCrump]

Three innocent lives were stolen when an unmarked gas line exploded at a Dallas apartment complex, tearing a family's home apart in seconds. The NTSB confirms the line was never marked. This never should have happened. Our prayers are with these families as they grieve. They deserve accountability and justice for what happened to them.

[TheHub.News @karenhunter]

Frederick Douglass delivered a speech that has been titled: "What to the Slave is the 4th of July." Here is the history of the speech. You can also read and watch Danny Glover recite the words here: https://t.co/D25CafvKcN

[Al McFarlane @AlvinMcFarlane]

TCWAM: Jesse Overton's formerly enslaved ancestor Hiram Overton built s... https://t.co/NPwhf9wYFL via @YouTube

[Al McFarlane @AlvinMcFarlane]

@ls_cc_askme @rolandsmartin Keep on keeping on, Roland, you (we) are unstoppable. These criticisms are laughable. We are Freedom bound. Our freedom is not negotiable and is inevitable, imminent. They screech the inane as the Freedom train grinds their myths back into the nothingness from which they emerged.

[rolandsmartin @rolandsmartin]

The severe underfunding of Black communities is sparking outrage. Speakers are questioning the drastic disparities in investment compared to other groups and demanding attention to these critical issues. https://t.co/LolxOHkmmt
#RolandMartinUnfiltered #BlackStarNetwork

[Al McFarlane @AlvinMcFarlane]

Every Father Worldwide Needs This Message Today #Inspiration #Global https://t.co/B94LWslgbT via @YouTube

[Barack Obama @BarackObama]

It was great joining Njideka Akunyili Crosby — a gifted Nigerian-born, Los Angeles-based artist — to unveil our first portrait together. This piece reflects so many chapters of Michelle and my story, and we’re thrilled that it will be on display in the Hope and Change lobby at the Obama Presidential Center starting this Juneteenth.

[Al McFarlane @AlvinMcFarlane]

Brooklyn Center election could leave city council without Black representation https://t.co/XgclU8AclV via @Mshale

[Al McFarlane @AlvinMcFarlane]

How do we broaden the pipeline for leadership in our community? Thoughts?

[Al McFarlane @AlvinMcFarlane]

The Future of West Broadway Starts with Community https://t.co/HpsUE4XTrz via @YouTube
Join the Conversation. Comment, like and share,

[Al McFarlane @AlvinMcFarlane]

How the world reacted to George Floyd https://t.co/Ww8e3GDEC6 via @YouTube

[Al McFarlane @AlvinMcFarlane]

@AttorneyCrump Amplified Voices: 05/22/2026 https://t.co/TiOXVJrS4W via @YouTube Reflecting on the murder of George Floyd on the 6th anniversary of his death- The Conversation with Al McFarlane at George Floyd Square

[Al McFarlane @AlvinMcFarlane]

Amplified Voices: 05/22/2026 https://t.co/TiOXVJrS4W via @YouTube
Reflecting on the murder of George Floyd on the 6th anniversary of his death- The Conversation with Al McFarlane at George Floyd Square

[Al McFarlane @AlvinMcFarlane]

https://t.co/FXZyDclm7B Streaming Live From George Floyd Square at 1pm

[Al McFarlane @AlvinMcFarlane]

The Conversation With Al McFarlane https://t.co/ixQGRfCeye via @YouTube