THE SPACEX IPO LOOKS LIKE PEAK BUBBLE INSANITY.
A company generating around $19B in revenue is trying to enter public markets at a $1.75 TRILLION valuation.
That is nearly 100x revenue.
Not profits.
Revenue.
To justify this valuation, SpaceX would need to grow from a $19B revenue company into a business generating:
• Nearly $90B revenue just to trade at 20x sales
• Around $177B revenue just to trade at 10x sales
• And over $350B revenue just to trade at 5x sales
That means SpaceX needs to become larger than some of the biggest companies on Earth just to make the IPO valuation look reasonable.
And even then, investors may still get terrible returns if growth slows even slightly.
Public investors are basically being asked to pay today for growth that may never happen.
At this valuation, SpaceX already needs:
• Perfect execution
• Nonstop hypergrowth
• Expanding margins and zero major setbacks for years.
One bad cycle destroys the entire valuation story.
Even mainstream analysts are struggling to defend the number.
Morningstar reportedly values SpaceX at less than half the IPO target.
Aswath Damodaran also valued it hundreds of billions below the proposed range.
And the craziest part?
Retail investors will probably still rush in because:
• Elon Musk
• AI hype
• FOMO and the belief that “this company can only go up.”
This is no longer investing.
This is public markets being used as exit liquidity for one of the most aggressively priced IPOs ever attempted.
Apple went public at under $2 billion.
15x revenue.
1980.
SpaceX wants you to buy at $2 trillion.
100x revenue.
2026.
That is not getting in early.
That is being the exit for venture capitalists who bought in years ago at a fraction of what you are being asked to pay.
Almost none of the retail investors buying this IPO will read the 300 pages before the book closes on June 11.
I fed all 300 into AI and read them for you.
Here is what you will miss ↓
I played HEDGE OR DIE on https://t.co/mRs8ImMLR7
Result: HEDGED CORRECTLY
Final: $11,800
P/L: +$1,800
Can you survive the everything bubble? $BUBBLE 🚩
https://t.co/flA0sVr1wR
In March 2000, one company became the most valuable on Earth.
It made the essential hardware behind the defining technology of its age. Revenue growing 50% a year. The undisputed leader. The picks-and-shovels play on a revolution that was unquestionably real.
Wall Street called it the safest way to own the future.
It was Cisco. The internet was real. The routers were real. The growth was real.
At the peak, Cisco traded at roughly 30x sales and over 150x earnings, worth about $555 billion. Analysts said it would be the first trillion-dollar company.
Then it fell 90%.
It took until December 2025 to see that price again. 25 years and 8 months. A quarter of a century to break even, even though the company nearly quintupled its revenue over the same period.
The business won. The stock took 25 years.
Now look at today.
The most valuable company on Earth makes the essential hardware behind the defining technology of its age. Revenue growing fast. The undisputed leader. The picks-and-shovels play on a revolution that is unquestionably real.
Wall Street calls it the safest way to own the future.
The internet was real. AI is real too.
That was never the question.
The question is what you pay for a certainty everyone already agrees on.
THE GLOBAL BOND MARKET IS STARTING TO BREAK AGAIN 🚨
Yields are exploding across the US, Japan, UK and Europe as investors dump government debt worldwide.
🚨 ASIAN MARKETS ARE BLEEDING.
Around $1.5 TRILLION was wiped out from Asian stocks today.
🇯🇵 Japan: ¥61.6T erased
🇰🇷 South Korea: ₩556T wiped out
🇹🇼 Taiwan: NT$7.4T gone
🇨🇳 China: ¥2.1T+ erased
🇭🇰 Hong Kong: HK$848B wiped out
🇮🇳 India: ₹4T erased.
Almost every major Asian market is crashing.
🚨🇯🇵 Japan’s stock market is exploding into smithereens: Nikkei plunged 4.2%!!!
¥48.3T (that's equivalent to $335B), wiped out in a single day
Japanese tech giants like Tokyo Electron, SoftBank, and Advantest were absolutely crushed.
Talk about a correction after a massive run.
Source: @BullTheoryio / Writers: Claudio, Oliver
BREAKING 🚨: Private Credit
Another one!! Blackstone, which manages $1.3 Trillion in Assets, just restricted withdrawals from its flagship private credit fund 🤯👀
At these yacht parties in Monaco...I'm sure many high net worth people's are talking about how to preserve their capital with the bubble popping soon!
Hedge in $bubble 😎