The real question is whether SpaceX becomes the first $5T company before 2030.
If Starship works, today's valuation may look cheap.
If Starship fails, today's valuation may look insane.
paceX closed around $173 after the largest IPO in history.
At ~$2.3T valuation, the market is no longer pricing SpaceX as a launch company.
It's pricing:
• Starlink becoming global communications infrastructure • Starship unlocking entirely new industries • xAI integration into the SpaceX ecosystem • Elon Musk's ability to create trillion-dollar platforms repeatedly
The real question isn't whether $173 is expensive.
The price you see isn't always the price you get 🪤
Some liquidity operators are gaming aggregators and traders are paying for it. We're exposing how.
Full breakdown in the replies 👇
Hello everyone, it is with saddened hearts that we announce the shutdown of Bunni.
The recent exploit has forced Bunni's growth to a halt, and in order to securely relaunch we'd need to pay 6-7 figures in audit & monitoring expenses alone – requiring capital that we simply don't have. It'd also take months of development & BD effort just to get Bunni back to where it was before the exploit, which we cannot afford. Thus, we have decided it's best to shut down Bunni.
Here's what will happen:
- Bunni users will still be able to withdraw assets via the Bunni website until further notice.
- We intend to distribute the remaining treasury assets to BUNNI, LIT, and veBUNNI holders based on a snapshot. However, the validation of the legal process is ongoing, and the exact details of the distribution will be shared at a later date once the legal process is finalized. Team members will be excluded from the snapshot.
- The Bunni v2 smart contracts have been relicensed from BUSL to MIT, enabling everyone to utilize our innovations such as LDFs, surge fees, and autonomous rebalancing. We have pushed the AMM space forward by a generation, and it would be a shame if our efforts went to waste.
- We will continue working with law enforcement to recover the stolen funds from the exploiter.
Thank you to everyone who has supported us throughout our journey to push DeFi forward.