Michael A. Blum

President & Co-Founder @Hedgeye @Hedgeyeam, Original @Firefly_Space Co-Founder, @PayPal @DRIScience

[Michael A. Blum @mablum]

https://t.co/88XohaM3DR

[Inter-Parliamentary Alliance on China (IPAC) @ipacglobal]

The impact of the Tiananmen Square massacre continues to be felt. This June 4th, we remember the victims and those who continue to suffer on their behalf.

IPAC's tribute, with Arthur Liu, Claire Lai, and Christopher Mung

#8964

六四天安門大屠殺的歷史傷痕至今未平。在這個 6 月 4 日，我們一同紀念當年的遇難者，也銘記那些至今仍為此承受苦難的人們。

IPAC和 Arthur Liu、Claire Lai 與 Christopher Mung 共同獻上悼念。

#8964

[Harry Reid International Airport @LASairport]

Good luck to our @GoldenKnights as they embark on Game 1 of the Stanley Cup Final! ⚔️ Let’s go VGK! Bring it back home 🏆

[UnveiledChina @Unveiled_ChinaX]

Germany is losing the intellectual property war to Beijing without a single shot being fired. An alarming new study by the German Economic Institute reveals that China has quietly seized ownership of more than 11,300 patents originally developed in Germany over the past two decades. This marks a staggering predatory shift from the year 2000, when Chinese entities owned virtually zero German patents. Beijing is systematically stripping away Europe's technological edge, aggressively targeting Germany's traditional core strengths in mechanical engineering and advanced robotics, epitomized by the corporate acquisition of industrial robotics pioneer Kuka.

This is not normal market competition; it is a calculated, asymmetric economic raid. While Germany's global R&D spending ranking plummeted from third to sixth, China's research spending exploded twentyfold over the same period. Experts warn of a severe and dangerous imbalance, as the CCP strategically directs Western corporate takeovers while keeping its own domestic market strictly sealed off through protectionist negative lists and security reviews. As European policymakers slowly debate "de-risking," the hard data proves that Germany is steadily losing control of its critical future innovations to an authoritarian adversary.

#ChinaThreat #IntellectualProperty #Germany #EconomicWarfare #Robotics #DeRisking #CCPPlaybook #InnovationLoss

[Open Source Intel @Osint613]

Abu Dhabi National Oil Company is building a refined oil products pipeline to bypass the Strait of Hormuz, ensuring gasoline, diesel, and jet fuel exports can continue even if the strait is blocked. Philippe Khoury, the company's EVP for trading, confirmed the project to the Financial Times.

[Bloomberg @business]

Impulse Space, a startup backed by billionaire Peter Thiel’s Founders Fund, raised $500 million in a new funding round, the company announced. https://t.co/3MY9eeVLNu

[Voyager Technologies @voyagertech_]

Breaking: Voyager to acquire @Astrobotic, combining lunar landers, surface power, habitats and cislunar operations into one integrated lunar platform. Griffin Mission One, targeting the lunar South Pole NET November 2026, will be Voyager’s first mission to the Moon.

Learn more: https://t.co/DlHHlwxd3t
​
$VOYG #MissionReady #AcceleratingtheAdvantage #Artemis

[Hedgeye @Hedgeye]

🇰🇷 South Korean semiconductor exports to the U.S. have surged +671.5% year-over-year

[Hedgeye @Hedgeye]

🇨🇳 Chinese crude oil imports hit lowest level in a decade

[Hedgeye @Hedgeye]

Rule changes for the SpaceX $SPCX IPO:

Index providers waived the profitability requirement and cut the seasoning window from 90 days to 5.

This forces over $30 trillion in passive 401k and retirement money to buy SpaceX at IPO valuations.

Bloomberg Intelligence estimates S&P 500 funds must absorb 19% of SpaceX's float within 6 months.

Russell 1000 and Nasdaq 100 funds will absorb 24%.

The rules built to protect passive investors:

1. S&P 500 has required 12 months of trading and 4 quarters of GAAP profitability since 2002. Both waived.

2. Nasdaq cut its inclusion window from 90 trading days to 15.

3. FTSE Russell cut its to 5.

All three benchmarks are now structured to buy SpaceX at IPO pricing.

[Michael A. Blum @mablum]

The CCP’s leverage over rare earth processing is still a live Western vulnerability. The real risk isn’t one headline restriction; it’s discovering too late that defense, autos, power systems, and robotics all share the same bottleneck.

[Hedgeye @Hedgeye]

The top 0.1% of Americans hold 14% of the country’s household wealth

[Hedgeye @Hedgeye]

Copper hits highest monthly close in history

[Hedgeye @Hedgeye]

AI is being used more than ever.

Paid token volume has roughly tripled in 5 months following the rise of agentic AI.

[Yaqiu Wang 王亚秋 @Yaqiu]

A Chinese dissident’s worst nightmare: You escape China, only to find the CCP still making your life hell — and the interpreter for the police in your new country, the person who is supposed to help you, turns out to be a CCP shill. https://t.co/i9YJv5JrC4

[X Freeze @XFreeze]

The Kardashev Scale puts us at ~0.73 today. We aren't even a Type I civilization yet

Type II means harnessing ~4×10²⁶ watts. The full energy output of our Sun

Reaching it would mean true civilizational prosperity - far advanced beyond anything we can imagine

That is the most ambitious goal humanity can set, and worth every try

[NASA Administrator Jared Isaacman @NASAAdmin]

We go where we need to be, and today that was @NASAKennedy.

Some of my senior engineers and I spent time at @blueorigin with @JeffBezos and @davill, speaking with the workforce and seeing the damage at LC-36 firsthand. I appreciated the opportunity to hear directly from those working through the aftermath and better understand the challenges ahead.

There is a lot of work to do, but this is exactly why people choose careers in aerospace, whether at NASA, Blue Origin, or across the industry. The talent in this field thrives under pressure and performs at its best when solving the toughest problems.

We have been saying for months at NASA that we are not going to sit on our hands and wait for the capabilities necessary to achieve the nation’s most pressing objectives. We are going to take an active role alongside our partners, just as we did in the 1960s, to overcome setbacks, remove obstacles, and deliver the intended outcomes.

@NASA is committed to helping the Blue team recover, continue to advance their lunar lander and get New Glenn back to launching as soon as safely possible.

America’s greatest achievements in space were never the result of avoiding setbacks. They came from overcoming them. We have done it before, and we will do it again🇺🇸

[Danny Moses @dmoses34]

Special guest on today’s WAWD “Friday Night Dirty” @KeithMcCullough joined @Seawolfcap @VD718 and myself to discuss the markets and the @Hedgeye investment process. Yale Hockey vs Brown Rowing!

https://t.co/XaMBeecp0g

[Keith McCullough @KeithMcCullough]

Winners find ways to win!

[Hedgeye @Hedgeye]

🚀 SpaceX is set to be the largest IPO in history.

Wednesday, June 3rd: our two-part presentation on $SPCX.

12:30 ET — @HedgeyeIndstrls on launch economics & Starship.
2:00 ET — @HedgeyeComm on Starlink & xAI.

Get access below:

[Michael A. Blum @mablum]

Wow.