As I said years ago TESLA is not just a car company it’s diverse in tech, machine learning, big data, robotics, etc,
NOW: SPACEX is not just a rocket company, its also a Global Telecommunications provider, machine learning, manufacturing, and etc
This is just one top of my head you can add more 😅
SpaceX has just announced that they have entered into a $920 million per month agreement with Google to provide compute capacity, according to a new filing.
"On June 5, 2026, we entered into a Cloud Service Agreement with Google with respect to access to compute capacity. The customer has agreed to pay us $920 million per month from October 2026 through June 2029, with capacity ramping up through September at a reduced fee. The compute capacity provided includes approximately 110,000 NVIDIA GPUs, CPUs, memory, and other related components.
After December 31, 2026, the agreement may be terminated by either party upon 90 days' notice. The customer will retain ownership of, and intellectual property rights in, its content, Al models, and related data."
🚨 WHY IS EVERYTHING CRASHING TODAY?
Gold and Silver wiped out $1 TRILLION.
US stock market wiped out $1 TRILLION.
BTC and alts hit new yearly lows.
Here's what's pushing everything down:
1) Hawkish Fed
The market is now expecting a 25bps rate hike in 2026.
Just a few months ago, everyone was convinced of rate cuts.
This flippening scenario has changed the liquidity dynamics.
2) Markets de-risking
The next FOMC meeting is on June 17th with a new Fed chair.
Markets don't know exactly what Kevin thinks of the economy, and this is why investors are de-risking here.
3) Prolonged war
US-Iran peace deal hasn't happened yet.
Iran has even stopped negotiations with the US and has started the attacks again.
Oil is still above 90, which means inflation is still sticky.
All these things are bad for asset owners, which is why everything is dumping and bond yields are going up.
4) Too much euphoria
Stock parabolic rally has pushed the markets in euphoria.
And when that happens, a dump is always the next thing.
Because crypto is correlated with stocks, it's going down too.
And this isn't the first time.
Something similar happened in late Jan 2026 too when everything crashed together.
This is just the way of markets to wipe out all the greed before the next sustained move.
Today is 37 years since the Tiananmen Massacre
On this day in 1989, the Chinese Communist Party ordered the People's Liberation Army to open fire on its own citizens.
Peaceful pro-democracy students and workers who gathered in Beijing's Tiananmen Square demanding freedom, anti-corruption, and basic human rights were crushed under tanks and gunfire.
The protests began in mid-April 1989, triggered by the death of reformist leader Hu Yaobang. On May 13, students began a hunger strike. Martial law was declared on May 20, but protesters remained peaceful.
In the early hours of June 4, troops advanced with tanks and live ammunition. Soldiers fired on unarmed civilians blocking their path in the streets surrounding the square.
Hundreds to thousands were killed. Thousands more were imprisoned, tortured, or disappeared.
To this day, the Chinese government censors all mention of it, erases it from history books, and threatens anyone who remembers.