Daniel Davis

[Daniel Davis @DanielDavisA]

Seeking Wealth? Here is a succinct list and notes. Thanks @naval for the wisdom and breakdown

[StarbaseTX @StarbaseTX]

Join us on Saturday for the City of Starbase's Second Annual 4th of July Celebration.

Bring your family, enjoy an evening with the community, and celebrate Independence Day together.

[SpaceX @SpaceX]

Starship 60-second static fire ahead of the thirteenth flight test

[SpaceX @SpaceX]

Teams recently completed build and acceptance testing of our 1,000th Merlin 1D engine for Falcon’s first stage! With Falcon’s reusability, recovering these engines has enabled continued reliability enhancements, making Merlin one of the most reliable rocket engines ever manufactured

[SpaceX @SpaceX]

Falcon 9’s first stage has landed on the A Shortfall of Gravitas droneship

[Mario Nawfal @MarioNawfal]

🇲🇽 This is Monterrey Stadium, one of Mexico's World Cup venues

If you ever get bored with the football, the view of the Sierra Madre Oriental mountain range is epic

Writer: Ian

[SpaceX @SpaceX]

Deployment of SXM-11 confirmed

[The Athletic | Football @TheAthleticFC]

The last 32 for the 2026 World Cup...

🇿🇦🇨🇦 South Africa vs. Canada
🇧🇷🇯🇵 Brazil vs. Japan
🇩🇪🇵🇾 Germany vs. Paraguay
🇳🇱🇲🇦 Netherlands vs. Morocco
🇨🇮🇳🇴 Ivory Coast vs. Norway
🇫🇷🇸🇪 France vs. Sweden
🇲🇽🇪🇨 Mexico vs. Ecuador
🏴󠁧󠁢󠁥󠁮󠁧󠁿🇨🇩 England vs. DR Congo
🇧🇪🇸🇳 Belgium vs. Senegal
🇺🇸🇧🇦 USA vs. Bosnia and Herzegovina
🇪🇸🇦🇹 Spain vs. Austria
🇵🇹🇭🇷 Portugal vs. Croatia
🇨🇭🇩🇿 Switzerland vs. Algeria
🇦🇺🇪🇬 Australia vs. Egypt
🇦🇷🇨🇻 Argentina vs. Cape Verde
🇨🇴🇬🇭 Colombia vs. Ghana

Reply with your picks for the last 16... ⤵️

[USGS Earthquakes @USGS_Quakes]

🌎 Week in Earthquakes (June 19-26, 2026)
93 earthquakes of magnitude 4.5 or greater were recorded around the world this week. Among them were the devastating doublet in Venezuela, a M6.9 offshore Japan, and a 5.6 in northern California.

[Dillon Loomis @DillonLoomis]

I put these slides together to cleanly lay out the SpaceX stock share lock up structure and the dates when different tranches and groups will be unlocked. If you have any interest in investing in $SPCX, you need to understand the mechanics here

I've seen many other older charts/tables out there but most of the ones I've seen get information wrong, leave out nuance or omit certain tranches/data altogether

Slide 4 has the dates for $SPCX index inclusion which will result in forced buying that will help to offset some of this new liquidity as its released

It also has some key information about Elon's ownership and a float table so you can see what percentage of overall SpaceX shares will be freely trading at the various date milestones

[SpaceX @SpaceX]

Full duration single-engine static fire test of Starship

[Sawyer Merritt @SawyerMerritt]

SpaceX has signed a new compute lease deal with open-source AI startup Reflection that will pay @SpaceX $150 million per month. The payments would total about $6.3 billion if the agreement runs through the end of its term (2029).

Reflection said the agreement gives it additional computing power, or compute, capacity to accelerate what it calls “American open intelligence.”

Under the agreement, Reflection will get immediate access to Nvidia GB300s, and has agreed to pay SpaceX $150 million per month beginning July 1, 2026, through 2029. Either company can end the contract with 90 days’ notice after the first three months. https://t.co/Kl28as6ep1

[Starlink @Starlink]

Starlink is now onboard @United international flights, enabling fast connectivity for passengers traveling around the world 🛰️✈️

[vincent @SPCX100T]

There is a prevailing narrative in the market suggesting that SpaceX $SPCX will face massive selling pressure from employees and early investors once the lockup period expires. Personally, I can confidently say that those who hold this view fundamentally misunderstand SpaceX's liquidity history. Over the past few years, SpaceX has consistently conducted semi-annual tender offers, allowing early investors and insiders to monetize their shares. While I am not suggesting there will be absolutely no selling pressure post-lockup, it will likely be far more subdued than the market anticipates.

Furthermore, based on my conversations with several early SpaceX investors—myself included—the vast majority have no intention of selling. The reasons are straightforward:

1. Long-Term Conviction & Pre-Filtered Investor Base

Early investors are highly anticipating the IPO because we clearly recognize that going public is just the beginning, not the finish line. When we initially invested, we did not expect an IPO to happen this quickly; most of us were already mentally prepared for a long-term holding period. Through multiple rounds of historical tender offers, investors seeking short-term liquidity have already exited. Consequently, those who remain today are overwhelmingly long-term, high-conviction holders.

2. Liquidity Alternatives (Securities-Backed Lending)

Post-IPO, selling shares is not the only way to generate liquidity. A far better alternative is to borrow against the equity position—for instance, utilizing a Securities-Backed Line of Credit (SBLOC/SBL) with investment banks. This is a standard financial strategy in the institutional world, though it remains a blind spot for retail investors who lack experience in private equity.

[DogeDesigner @cb_doge]

BREAKING: Iraq has approved Starlink’s operating license, clearing the way for its satellite internet service to enter the country.

Iraqi Prime Minister Ali al-Zaidi and U.S. Special Presidential Envoy for Iraq Tom Barrack welcomed the approval of Starlink’s operating license.

[DogeDesigner @cb_doge]

I am personally going to hold my SpaceX shares forever, like quite literally. I think that, this is the biggest mission of any company in history, going after the biggest markets of any company history with the biggest moat.

— Shaun Maguire

[Daniel @danielisdizzy]

$SPCX ACQUIRES CURSOR FOR $60B.

Months ago, Jensen Huang $NVDA said:

"My favorite enterprise AI service is Cursor. Cursor is an AI coder. Every one of our engineers is now assisted by Cursor, and our productivity has gone up incredibly."

Elon is playing to win.

[Milk Road AI @MilkRoadAI]

The most overlooked part of the SpaceX IPO thesis is the model and most people are completely missing it (Save this)

Everyone has been focused on the Anthropic compute deal and the Colossus revenue because those are numbers you can put in a spreadsheet.

Six months ago, xAI was competing reasonably well on model performance but was not clearly on the frontier.

Then SpaceX exercised its option to acquire Cursor for $60 billion, the largest startup acquisition in history just days after completing the largest IPO in history at $75 billion.

Cursor is a team of 700 to 800 people, was on track to exit 2026 at up to $10 billion in revenue, had millions of professional developers using it daily, and had already built a team with the genuine potential to compete at the frontier, the one thing holding them back was compute.

SpaceX just gave them the largest GPU cluster in the world to work with.

Grok 4.3, a 1.5 trillion parameter model, is currently training with Cursor's proprietary coding data being injected directly into pre-training, not just fine tuning which is a fundamentally more powerful integration than anything the market is currently modeling.

The prior version, Grok 4, was already on the Pareto frontier as of 10 to 12 days ago, the most intelligent 500 billion parameter model in the world, sitting alongside Google Gemini, Anthropic, and OpenAI as one of only four systems at the true frontier.

Composer 2.5, the previous Cursor model was Pareto dominant in coding tasks just before the acquisition closed, meaning SpaceX inherited a model that was already best-in-class in the highest-value AI use case in the market.

The AWS parallel is the one everyone keeps missing.

Bezos built data center capacity for Black Friday, sat on idle infrastructure the rest of the year, and monetized it into what was at the time the most profitable technology business in history and investors hated it in 2009 and 2010 because he was burning free cash flow on capacity that had no obvious revenue yet.

SpaceX is in exactly that position, it built Colossus for xAI's own training needs, is monetizing excess capacity to Anthropic at $1.25 billion per month across 220,000 Nvidia GPUs, and has reportedly secured up to 20% of Nvidia's early Vera Rubin allocation, giving it the most powerful and scarcest GPU infrastructure in the world during the critical window when those chips are hardest to get.

The $60 billion Cursor acquisition closed at a moment when SpaceX had essentially unlimited compute, a team already at the frontier, and a product with deep enterprise distribution, three things no other model lab had simultaneously when it was at this stage.

The market is pricing the compute business conservatively and ignoring the model call option entirely, and coding is the fastest path to AGI, once you are on the Pareto frontier with that compute, revenue scales fast.

Anthropic went from negligible revenue to $30 billion annualized in under 18 months and that is the existence proof.

Bullish on SpaceXAI and @elonmusk

[The Kobeissi Letter @KobeissiLetter]

Retail investors are piling in to SpaceX stock:

Over the last 2 trading sessions, retail investors bought nearly as much SpaceX, $SPCX, as every other US single stock combined in the entire prior week, according to Vanda Research data.

On Monday alone, retail purchased +$93.8 million of $SPCX shares, accounting for ~73% of all retail single-stock purchases during the day.

In the first 10 minutes of Monday’s session, retail investor turnover in the stock exceeded $7 million.

Individual investors also bought some semiconductor stocks such as Marvell $MRVL, Micron $MU, SanDisk $SNDK, and Broadcom $AVGO.

Retail appetite for risk shows no signs of slowing.

[Thierry from arvy 🇨🇭 @ThierryBorgeat]

🚨 SpaceX just pulled off the greatest financial engineering feat of the century. In about a week.

Here's everything that happened, in order:

– Folded xAI into a rocket company, turning "space logistics" into an "AI infrastructure" story overnight
– Priced the IPO at a flat $135. No book-building, no range. Take it or leave it
– Floated just 4% of the company. 556 million shares against 13 billion
– Raised $75 billion at a $1.77 trillion valuation, near 100x revenue
– Lobbied to get into major indices in ~15 trading days. Amazon took years. Forced buying, by law
– Handed an unusually large slice of the float to retail. Tiny supply, an army of buyers
– Watched the stock rocket past $200, up nearly 20% in a single session
– Saw ~46% of the entire float trade hands in one day
– Then announced a $60 billion all-stock buyout of Cursor, the AI coding tool
– Structured it so the higher the stock trades, the fewer shares it has to print to pay

A company losing $4 billion a quarter is now buying AI startups with paper it manufactured out of a 4% float.

The scarcity that pumped the stock now makes its shopping spree cheaper.

This isn't aerospace. It isn't even AI.

It's the finest financial engineering of the century, and it's only week one.