“a train wreck’ - @edels0n
Not worth half of what you will be paying – Morningstar
At most, worth half of what you will be paying – Martin Peers, The Information
“financial terrorism” - @egrefen
Get your meme stock, $135/share!
The Dark Side of Passive Investing -- At near 6% of GDP, inflation-adjusted, the SpaceX IPO valuation is 847× more expensive than the Microsoft IPO (1986), 653x the Tesla IPO (2010), and 14x more expensive than the Facebook IPO (2012).
https://t.co/HEmmJRJ8ct
Trump’s doctors already know he has a form of Frontotemporal dementia. PSP, Picks, CBD, etc. His symptoms are so extreme and his imaging proves it.
Trump gets regular drug infusions for his dementia. That’s where the hand bruising comes from. The “shaking people’s hands” cause, said by his doctor is a dirty lie.
Trump gets the latest clinical trial drugs. He also takes drugs like Memantine, Levodopa, and antidepressants.
His doctors have a developed a corrupt morality system to protect themselves from the fraud that they are perpetuating.
Here’s their logic:
1 Tests show he clearly has dementia.
2 We will give him conventional and clinical trial drugs to try to slow it down.
3 We will claim he continues to pass dementia screening tests so we can say the disease had not progressed while we were treating him.
Note- Test Trump in a room with independent media present and he would flunk that “cognitive test.” It would be devastating.
People have to accept that his medical exam reports are total fabrications and lies. Start with him being 75 inches tall. That’s a big lie. That means Prince William standing next to him in a photo is 6’7” tall.
Once people accept that his doctors are fraudsters trying to keep him in office, the scope of the scandal becomes obvious. Trump only works with people who will lie for him and commit crimes for him. That includes his Walter Reed doctors. They are going to get burned for this.
The SpaceX IPO is the most brazen retail fleecing in modern market history.
NASDAQ has REWRITTEN the index rules specifically for this listing. The 10% minimum free float requirement: gone. The 3 to 12 month seasoning period before index inclusion: cut to 15 trading days. Companies with small floats can now be weighted at 3x their actual float.
Translation: every passive index fund, every 401k, every pension is about to be force-fed SPCX whether they want it or not.
And what exactly are they buying?
Class A shares carrying ONE vote each, while Musk holds 93.6% of the Class B super voting shares at TEN votes each. That gives him 85.1% of voting power on a 42% economic interest. He cannot be outvoted. He cannot be removed. CEO, CTO and board chairman simultaneously.
For reference: Zuckerberg controls 61% of Meta. Buffett 35% of Berkshire. Musk: 85.1%.
SpaceX is also claiming "controlled company" status, exempting it from needing a majority of independent directors. Shareholders waive the right to a jury trial. They waive the right to class actions. Mandatory arbitration only, courtesy of an SEC rule change pushed through on a party line vote last September.
$1.75 trillion valuation. $80 billion raise. Largest IPO in history.
The rules of the game were quietly rewritten so one man could extract maximum capital from retail while answering to no one.
Imagine starting a regime change war to end Iran’s nuclear & missile threat only to:
- Keep IRGC in power
- Give Iran control of Strait
- Unfreeze $20 BILLION in assets
- Allow Iran to keep ballistic missiles
- Allow Iran to keep uranium
It’s not a peace deal.
It’s surrender.
MAGA: Obama’s Iran Deal was TREASON.
MAGA when Trump surrenders, gives control of Hormuz to Iran and China, unfreezes BILLIONS in assets, lifts the blockade and lets Iran keep its enriched Uranium:
The SpaceX IPO gives retail investors class A shares with 1 vote each, while Elon Musk gets class B shares at 10 votes.
Since Elon Musk owns 41% of $SPCX, he will control 85% of the shareholder votes, giving retail absolutely no power in dilution or direction of the empire. 🤪
🚨🚨The Trump Crime Family is more corrupt than the totality of All Previous Organized Crime Families Combined in the history of the United States.
———————————————
I spent thirty (30 years investigating Major Organized Crime Families & Gangs and without a doubt, Donald Trump has committed more crimes against the United States of America and its citizens than all Organized Crime Syndicates.
TRUMP is directly responsible for the theft of billions of dollars and the systematic destruction of our economy, the rule of law and our democracy.
TRUMP must be Impeached and Removed from office by the U.S. Congress this year. Both Democrats & Republicans must join together to save our nation.
COMMENTARY: Let’s say it plainly: There has never been a president as corrupt as Donald Trump.
There is no close second in our history.
https://t.co/RRV6gbiZi1
Who’s “they”? The person who leaked Trump’s tax returns was prosecuted by Biden’s DOJ and sentenced to 5 years in prison.
So how does that justify permanently banning audits of Trump’s tax returns, his family, and his businesses?
And how does it justify a $1.8 billion slush fund for Jan. 6 rioters and other Trump allies?
Disgraceful.
Fun fact for the $10 billion lawsuit crowd.
The IRS leak that exposed Donald Trump’s tax returns happened between August 2019 and November 2020.
405,427 other taxpayer returns were also leaked.
Trump was president. His own pick, Charles Rettig, ran the IRS. The contractor who did it, Charles Littlejohn, worked on a Trump-era IRS contract and is now serving five years in federal prison.
On January 29, 2026, Trump sued the IRS and Treasury for $10 billion over a breach that happened on his watch, under his commissioner, by a contractor his administration paid.
He is suing the federal government he ran, for failing to stop a leak that occurred while he was running it.
The taxpayer foots the bill either way.
This New York Times piece is worth your time. Here’s what is happening, as simply as I can put it.
Back in January, Trump sued the IRS, an agency he controls, demanding $10 billion over the leak of his tax returns a number of years ago.
IRS lawyers did their jobs. They wrote a memo laying out the defenses that could beat the suit, including the fact that Trump filed too late. His own lawyer was in court when the leaker pleaded guilty in October 2023, more than two years before Trump sued.
The Justice Department never showed up to court. Never argued back. Never used the defenses sitting on their desk.
The judge got suspicious and ordered both sides to explain whether they were actually opposing each other or just colluding. The day before that brief was due, Trump dropped the suit.
Same day, his Justice Department announced a $1.776 billion taxpayer-funded “anti-weaponization fund.”��
Trump gets a formal apology. The IRS agrees to drop any audits of him and his family, even though a 2024 Times report found a loss in an ongoing audit could cost him over $100 million.
The acting Attorney General, Trump’s former criminal defense attorney, picks the five commissioners who decide who gets paid. Trump can fire any of them. Proud Boys and Oath Keepers are not ruled out.
This is the most corrupt thing I’ve ever seen from an American president.
Where in the hell are my Republican colleagues?
https://t.co/La0nlLuz1r
This is what caused inflation:
During the pandemic, the Federal Reserve printed $5 trillion of new money.
After the pandemic, they only reduced their balance sheet by half that amount because they were worried about stocks imploding. So to compensate, they raised interest rates DOUBLE where they were pre-pandemic. From 2.5% pre to 5% post.
They CHOSE to implode the middle class over the wealthy. That's capitalism baby. Centrally controlled capitalism.
The rest will be history.
https://t.co/kZHoPd9ZMx
Turns out Ackman rolled $GOOG proceeds into $MSFT.
This is a great way to play this market:
- Buy a mega-cap below its mean P/E
- Exit when it goes above mean
- Buy another mega-cap below mean P/E
Their businesses are so strong that mean reversion is almost inevitable.