In it for the Treasure

entrepreneur

[Sawyer Merritt @SawyerMerritt]

SpaceX has just officially received FCC approval to acquire three additional spectrum licenses from Tristar to expand its upcoming next-gen @Starlink Mobile network.

The licenses cover 15 MHz of spectrum in the 1695–1710 MHz band.

The FCC also granted waivers allowing SpaceX to use the spectrum for satellite communications instead of building traditional cell towers.

This approval comes just two weeks after SpaceX announced an agreement to acquire nationwide 800 MHz low-band spectrum to improve indoor coverage and outlined plans to combine its satellite constellation with terrestrial infrastructure.

Starlink Mobile will become the first network operator to deploy both satellite and terrestrial spectrum: "One network that provides Americans with a reliable service indoors, outdoors, in cellular dead zones, and everywhere in between."

[Whole Mars Catalog @wholemars]

"The initial customers for Optimus will probably be industrial applications at first. Dangerous repetitive tasks, things that people really don't want to do. Things that you want done 24/7. Later you'll be able to buy it for your home, but the initial use cases will be industrial"

— @elonmusk

[Pejjy @CuriousPejjy]

If $SPCX ARR is projected to be at $500 billion - $1 trillion by end of 2027, that means total revenue would be anywhere between $200 - $400 billion by end 2027.

Let's say $250 billion for simplicity & conservatively.

With 80% revenue in AI compute, 15% Connectivity and the rest Space related segments, a OPM of 35% is fair.

$87.5 billion in profits by end of 2027 is insane...

With a 50 PE, that's a valaution of $4.3T or a stock price of $322 by end of 2027.

That's a 100% ROI in just 1 year.

Wow.

[Kyle Reidhead | Milk Road @KyleReidhead]

1.3 BILLION $SPCX shares unlock tomorrow

That's $210B of stock at today's price + another 328M unlock Oct 24 and the remaining 800M unlock Dec 8

I've been getting a lot of questions on if this is a problem... Here's my thoughts:

SpaceX gave employees and investors a chance to sell at every funding round before the IPO

With most IPOs, the unlock is the first real shot at cashing out, so everyone rushes for the exit at once

SpaceX holders have had that option many times already. The ones still holding are likely waiting for much higher prices than the IPO price.

The second thing to understand is the holder base itself

SpaceX employees and a lot of early investors are cult-like. They believe in what Elon is building and think SpaceX becomes a much bigger company than it is today

Some will take life-changing profits (many already did before the IPO), but I think SpaceX has a higher % of holders who will ride through volatility, kinda like Bitcoiners

And so far the data suggests this is true

The market has absorbed the unlock selling so far, and we haven't seen any big funds announce that they're selling, only buying since the IPO

There are 3 things I'm watching:

1. Big funds like Gavin Baker and Brad Gerstner announcing they're selling (so far, no)

2. Google and Nvidia, who both own SpaceX, updating on their stakes in their Q3 reports

3. The Tesla merger. Both companies have formed special committees to explore a merger (it still needs shareholder approval), and a deal could trigger selling from companies like Google, which owns Waymo, one of Tesla's biggest competitors

The last piece is where the Street sits

Most analysts have a price target above $200. This morning Morgan Stanley kept Overweight with a $300 PT and Wells Fargo raised to $274 from $214

So I don't think we see big selling until the stock gets closer to those levels

I still think SpaceX is very much UNDERVALUED here, unlocks or not, especially with the Q3 earnings beat and significant guide higher

That's why $SPCX remains a core holding in my Milk Road PRO portfolio. You can track my entire real-time portfolio here: https://t.co/NyRpAKYOwu

[In it for the Treasure @inthetreasure]

🫡

[Pete Hegseth @PeteHegseth]

Our Commander-in-Chief (today). He never stops working. He never backs down. He puts America First, always. Honored to serve him — and our great Warriors.

[In it for the Treasure @inthetreasure]

🤯

[Sawyer Merritt @SawyerMerritt]

Tesla says they have officially started Optimus production in Fremont on their high-volume lines.

"The bots coming off this line are the first production quality bots that we have manufactured. While we will continue to iterate on the hardware and manufacturing process, we have proven that the current manufacturing process for Optimus is suitable for a commercial product."

[In it for the Treasure @inthetreasure]

🔥🔥🔥

[Sawyer Merritt @SawyerMerritt]

Tesla says it's building its own maps for FSD.

"We are building an entirely new architecture with AI. It will learn your preferences and the fleet preferences." - @aelluswamy

[Frank McCormick @CBHeresy]

I know Ilhan Omar doesn't think Americans season their food, but we do. And when it’s Deportation Thyme, we season generously.

[In it for the Treasure @inthetreasure]

Good luck Steve!

[Steve Hilton @SteveHiltonx]

We pay over $10 in tolls to cross the Golden Gate Bridge, supposedly to cover its construction costs.

But the bridge was paid off in 1971!!

California politicians are GOUGING us. I’ll abolish tolls on bridges we've already paid for and fund maintenance through the state budget.

[In it for the Treasure @inthetreasure]

🫡

[EliteOptionsTrader @EliteOptions2]

Trading is not about winning trades.

Trading is about executing your plan.

Winning is a byproduct of consistent execution.

[In it for the Treasure @inthetreasure]

Begin asap!

[Coach Mak | Know Your Money @WealthCoachMak]

A 10% return on a $15K investment is only $1,500

But…

A 10% return after 6-8 years on a $150K portfolio is $15,000

A decade later when your portfolio is worth $1.5M a 10% return equals $150K

Don't be discouraged if you start small

The first step is to begin

[Whole Mars Catalog @wholemars]

"As we release unsupervised FSD to the customer fleet... I don't think anyone can match it for several years"

— @aelluswamy $TSLA

[In it for the Treasure @inthetreasure]

🤔📈

[Sawyer Merritt @SawyerMerritt]

Elon on Robotaxi: "Unless we are stopped by governments, Tesla will end up doing a majority of all passenger miles in any country where it is allowed to operate."

[In it for the Treasure @inthetreasure]

@grok what u say?

[Miami Futures Trader @MFT_Get_Funded]

If you could only choose ONE for retirement income, would it be $OVL $JEPQ, $SPYI, $QQQI, or $GPIQ?

[In it for the Treasure @inthetreasure]

I won’t watch fake shit no more. Simply do have time for it…

[Elon Musk @elonmusk]

@ThomasSowell Gibney is a fraud and his fake documentary hit piece has utterly failed. Nobody wants to see it.

[In it for the Treasure @inthetreasure]

@ChuckCook They better! 😂😂, my biggest challenge is definitely reading my mind on my parking spots.

[In it for the Treasure @inthetreasure]

I’ve seen them running around near UNF and also on San Jose Boulevard.

[Chuck Cook @ChuckCook]

Bring it home to JAX!

[Whole Mars Catalog @wholemars]

The next Tesla Robotaxi cities have been announced:

1. Las Vegas, Nevada.
2. Jacksonville, Florida.
3. Phoenix, Arizona.
4. San Antonio, Texas.

[In it for the Treasure @inthetreasure]

Bam

[Lincoln @WaitWhat]

WHOA!!!!! Consumers will be getting fully autonomous software for their model Y's second quarter of 2027!!!!

This is only in geofenced areas!

[In it for the Treasure @inthetreasure]

🔥🔥🔥

[Sawyer Merritt @SawyerMerritt]

Tesla's @aelluswamy says FSD Unsupervised could start rolling out to customer cars in select areas the U.S. in Q2 2027. Those customers could then add their cars to the robotaxi network.