MARKET UPDATE 📉 The S&P 500 has lost around $1.5 trillion in market cap over the past week, with all eyes on the SpaceX IPO coming this Friday 👀
This is set to be the biggest IPO in history
What the heck is going on?! Let's talk about it 🗣️
BREAKING:
SpaceX just priced the biggest IPO in history.
$135 per share.
555,600,000 shares.
$75,000,000,000 raised.
Valuation: $1,750,000,000,000.
Elon Musk's 42% stake worth approximately $735,000,000,000 from SpaceX alone.
Combined with Tesla.
The world's first trillionaire.
The company that lost $4,280,000,000 in Q1 2026 alone.
Just became one of the most valuable on earth.
Worth noting: insiders own 95% of shares.
Lockup period: just 60 days.
By November 2026 most insider shares could already be free to sell.
Do your own research before you buy.
Comparison is the thief of joy… it’s you against the you last year, last month, and yesterday. Get 1% better everyday. The moment you look at someone else and instantly want what they have without taking the journey they took… you’ve already lost the race.
I get Odell Beckham wanted sympathy for having poor financial management… but $60mil is definitely a lot of money and ENOUGH to last a lifetime. Rich Paul said $200mil ain’t “a lot of money” for young athletes. And tbh I’m starting to see that people are just simply out of touch with reality. I don’t even need to explain further why $60-200mil is enough money. I see now even with the bitcoin debate some folks just don’t understand that these opportunities only exist for a few. Doesn’t apply to everyone. Black men get rich and just start thinking it’s “easy” for the average person when it’s not…
Full Jensen story on Sega CEO saving Nvidia by turning a $5m contract for Dreamcast development into an equity stake in 1996:
“[Sega’s CEO] decided that ‘Jensen was a young man he liked’…and if he would have kept that $5m investment, I think it’d be worth ~$1T today.” (Sega sold the stake at the IPO when Nvidia was worth $300m)