Schmuse Fuchs

[zerohedge @zerohedge]

Why are Mag 7s suddenly scrambling to sell expensive equity? Because as we reported a month ago, the debt channel has shut (except for occasional SPVs). Good lucking funding $5 trillion in capex

[Financelot @FinanceLancelot]

This is incredible, SpaceX early investors will be able to sell 20% of $SPCX shares after the Q2 earnings report on June 30th.

There's also a performance-based trigger where investors can sell an additional 10% of stock if the stock trades 30% above IPO price for 5 days after earnings June 30th.

The lockup structure also allows investors to sell in increments of 7% after 70, 90, 105, 120 and 135 days after IPO. The remainder unlocks after 180 days.

This one of the greatest wealth transfers I've ever seen from retail to early investors. No wonder they changed the rules to rush it into the indices after only 15 days (July 3rd).

When that happens, retirement funds and passive ETFs will be forced to buy SpaceX precisely when the unlocks hit and early investors are able to begin dumping their shares.

Is this the most corrupt IPO in history?

[DANNY @Danny_Crypton]

🚨 WARNING: SPACEX IPO IS A REAL BIG STORM FOR MARKETS!!

Everyone thinks $SPCX IPO will be free money.

But people thought the same about Meta in 2012.

After Meta went public, the stock dumped more than 70% in the first 100 days.

Retail bought the hype.

Then insiders and early investors got liquidity.

Now the same setup is coming again.

SpaceX is expected to go public on June 12 at a $1.75 TRILLION to $2 TRILLION valuation.

That would instantly make it one of the biggest companies in the US market.

But here’s the problem.

This is not just an IPO.

This is a massive liquidity event.

SpaceX $SPCX is now expected to IPO at $135 per share, with 555,555,555 shares available.

That means almost $75 BILLION in shares could hit the market.

Read that again.

$75 BILLION of liquidity could be absorbed on day one.

And everyone still thinks this is bullish.

Insiders reportedly own around 95% of SpaceX shares.

The public float is only around 5%.

That means insiders are sitting on more than $1.6 TRILLION of paper wealth.

And after the IPO, that paper wealth starts becoming real exit liquidity.

Michael Burry already warned about this.

He said SpaceX, OpenAI and Anthropic could raise more money than the 300 biggest IPOs in 2000.

And he is not just talking.

He is already betting against the AI bubble with a massive short position in $PLTR and $NVDA.

So now connect the dots.

Meta IPO dumped after the hype.

AI stocks are already crowded.

SpaceX IPO could pull $75 BILLION of liquidity from the market.

Stocks.
Crypto.
High beta tech.

Everything retail is already holding.

Most people will see the Elon hype.

I see the liquidity drain.

This could become one of the biggest insider cashout events in modern market history.

I have studied macro for 10 years and called almost every major market top including the October BTC ATH.

Follow and turn notifications on.

I will post the warning before it hits the headlines.

[Rob Anderson @_rob_anderson]

To be fair, here is one for the bears.

[Rob Anderson @_rob_anderson]

NDR's pattern matching tool shows that the NASDAQ has closely tracked the dotcom analog and is closer to 1998 than 2000. It still suggests near-term volatility ahead.

[Wilfred Frost @WilfredFrost]

“Goldman expects revenues from SpaceX’s AI division to rise to $322bn by 2030 from $3.2bn in 2025.”

This is absurd. How can you possibly forecast for something to go up 100x?

Goldman Sachs expects SpaceX’s AI revenue to surge 100 times by 2030 https://t.co/UJL4XmsLKk

[Gary Marcus @GaryMarcus]

it takes balls to offer an IPO on a trillion dollar valuation when you are just months from bankruptcy.

but maybe that’s what is happening.

caveat emptor.

[ᴛʀᴀᴄᴇʀ @DeFiTracer]

🚨 BREAKING:

INSIDERS MASSIVELY DUMPING RISK ASSETS AFTER THE U.S. MARKET CLOSE

EVERY SINGLE INSIDER IS SELLING BILLIONS:

6 BUYS. 397 SELLS. $4.3B IN VOLUME.

THEY KNOW SOMETHING BAD IS COMING...

[litquidity @litcapital]

Google is raising $80 billion of equity a week before SpaceX is trying to raise $75 billion a few months before Anthropic and OpenAI are trying to raise $100 billion from investors and you’re laughing???

This is a cataclysmic exit liquidity avalanche

[MARMOT @Web3Marmot]

🚨 THIS IS HOW AI BUBBLE ENDS

The S&P 500 keeps hitting all-time highs.

But almost nobody sees the systemic crisis brewing.

Wall Street has built a giant debt pyramid.

Just like in 2000.

How the scam works:

Nvidia pours money into AI startups.

Those startups borrow billions from Apollo, Athene and Blackstone using Nvidia chips as collateral.

Then they give that money right back to Nvidia to buy more chips.

On paper, it's a masterpiece:

Nvidia reports record sales.
Startups show explosive growth.
Tech stocks skyrocket.

In reality, a big part of the demand is fake. It's a circular loop.

And it only works as long as the chip shortage lasts.

When Nvidia drops new chips, the old ones used as collateral will lose value fast.

Even worse: most companies still aren't making enough money from AI to justify these huge costs.

This is not "if". It's already starting.

Remember, I warned about the BTC $82k bull trap and Saylor's sell-off before it happened.

My next call will be the biggest one this cycle.

Turn on notifications. Most people will follow me too late.

[Alex Mason 👁△ @AlexMasonCrypto]

This is exactly what I told you would happen.

S&P 500 is at all-time highs, but the real macro support is still far below.

16 out of 17 midterm years proved one thing:

Every pump before the 200 EMA touch ended the same way.

Dump.

Reminder: I’ve called all the market tops and bottoms for the last 15 years, including the Bitcoin bottom at $16,000 and the top at $126,000.

The next call will be even more important.

When I exit the markets completely, I’ll post it here publicly like I always do.

Turn notifications on. If you’re not following yet, you’ll understand why that was a mistake later.

[zerohedge @zerohedge]

Broadcom Crashes After AI Chip Revenue Forecast Misses https://t.co/klS3Uf0uSS

[CNBC @CNBC]

SpaceX is worth less than half of its $1.75 trillion IPO target, Morningstar says https://t.co/7gUEJpSc44

[zerohedge @zerohedge]

Cliffwater Private Credit Fund Gates Investors For Second Straight Quarter After Redemption Requests Soar To 17% https://t.co/OOrfzvJuxI

[Heisenberg @Mr_Derivatives]

$CBOE

Uhhh what happened here guys!?

Nasty drop.

[CNBC @CNBC]

Goldman Sachs CEO David Solomon says markets are in 'greed' mode as AI companies seek billions https://t.co/Twvr61UDrt

[Barchart @Barchart]

Potential Stock Market Crash Warning 🚨: The last time the S&P 500 rose as fast as it has over the last 2 months, excluding recessions, was just before 1987 Black Monday 🤯👀

[Jonathan 'Boo and Vote' Cohn @JonathanCohn]

Elon has failed to ever make SpaceX profitable, so he is planning to steal your retirement money to make it so.

https://t.co/jQK5QVjHE0

[Simon Says @Seniorstrategen]

Gold looks ready now

[Jennie @Jennie_XAUUSD]

According to our trading strategy today,

we have now reached our buy zone.

Find the optimal entry point, and then strictly control trading risk.

Hopefully, we can profit together.

#XAUUSD #GOLD