Friends, if you still don’t know about “Nvidia’s $16 Trillion Paycheck Program…” |
You’re missing out on what could be the biggest opportunity of the year. |
According to Morgan Stanley… |
This could have a $16 trillion impact on the economy. |
To put that into perspective, it would be enough to send a $1,000 check to every household in America… |
Every single month… for the next 10 years! |
So please get the details on how you could get positioned for the next payout, which is scheduled for July 8th. |
Let The Game Come To You! |
Big T |
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In case you missed it, here’s Big T’s Digital Asset Daily |
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SpaceX is going public on June 12. The company is expected to price at a $1.75 trillion valuation, making it the largest public offering in history. |
I have studied this company for months. The technology is extraordinary. Rockets that land themselves. A satellite internet network connecting 10 million households across 164 countries. |
Consider who’s behind it |
Elon Musk helped take PayPal public in February 2002 at a valuation of roughly $800 million. eBay acquired the company for $1.5 billion just six months later. |
He then led Tesla to its IPO in June 2010 at a split-adjusted price of $1.13 per share. Investors who held from that first day have since seen a return of nearly 380x their money. Those aren’t lucky outcomes. |
Musk is a man who has delivered on promises that looked impossible. And he just might carry the first humans to Mars. |
I’m still not buying a single SpaceX share. Let me tell you why. |
The Math Is the Problem |
SpaceX generated $18.7 billion in revenue in 2025. At a $1.75 trillion valuation, investors are paying nearly 100x annual sales to own the stock. |
In other words, for every $1 of yearly revenue SpaceX currently generates, you’re paying about $93. Compare that to Nvidia, the hottest growth stock on the planet. Nvidia trades at roughly 27x sales. SpaceX is priced at nearly 4x that multiple. |
That kind of valuation is not a bet on the business SpaceX has today. It’s a bet on a future that has not happened yet. That’s a very different thing. |
SpaceX itself claims its total addressable market is $28.5 trillion. Its S-1 filing calls this the largest actionable market in human history. Even if you believe that number, you are still paying for decades of execution that has yet to begin. |
Here’s what has to go right for SpaceX to justify that valuation. |
Assume revenue compounds at 50% annually for five straight years. That’s an extraordinary growth rate that almost no company in history has sustained at this scale.
Then assume the company eventually reaches a 20% net profit margin. That is elite territory. Only a handful of the world’s most dominant businesses get there: Alphabet, Apple, Microsoft, Meta, JPMorgan Chase, Nvidia, and Saudi Aramco among them. |
SpaceX, burning cash across its rocket and AI divisions today, would need to join that club and stay there. |
Under those heroic assumptions, your earnings yield on today’s purchase price works out to roughly 1.5%. That is 1.5 cents of earnings for every dollar you invest, under the most optimistic scenario imaginable. |
Is it possible SpaceX exceeds even that? Sure. But history has something to say about what happens when investors price heroic assumptions into already-heroic valuations. |
We’ve Seen This Movie Before |
In the late 1990s, the internet was transforming every industry on earth. The opportunity was real. The companies were world-class. |
Microsoft, Cisco, and Oracle were the most trusted names in technology. Analysts called them generational holds. Everyone said they were safe. The Nasdaq rose fivefold in five years. Then it fell 78% in less than three years after the bubble burst. |
Microsoft peaked in December 1999 and didn’t reclaim that level until November 2016. Oracle peaked in 2000 and did not recover until 2014. Cisco peaked in 2000 and took 25 years to reach that level again. |
These were dominant, durable, world-class businesses. They were also terrible stocks to own for the better part of two decades, because investors had priced in a future that took far longer to arrive than anyone expected. |
SpaceX may well be the defining company of our era. It may eventually grow into and past this valuation. But the timeline for that to happen is not two years. It may not even be a decade. |
I want you to think about what that actually means for your life. |
Imagine you retired at 65 in the year 2000 holding Microsoft, Cisco, and Oracle. Every analyst on Wall Street told you those were the safest names in the market. Blue chips… Household names… Impossible to lose on. |
Your money did nothing for more than a decade. By the time those stocks recovered, you were 80. |
At 65, you still have your health. Your grandkids are young enough to take to the ballpark. You can travel. You can move. More of your friends are still alive. |
At 80, the world looks different. Your physical strength has faded. Many of your friends are gone. Your grandkids are grown. The window for so many things has quietly closed. |
At its current valuation, SpaceX carries exactly that risk. |
Be the Casino, not the Gambler |
I’m not telling you to ignore SpaceX. I’m telling you there is a smarter way to profit from everything surrounding it. |
Think of it this way. In a casino, the player at the table might win a hand. The house wins every time, across every table, day after day. I want you to be the house. |
In January 2021, I predicted every asset would eventually be tokenized. Most of the financial world called it crazy. |
Five years later, you can trade the biggest IPO in human history entirely on-chain, settled in stablecoins, without a brokerage account or a single share of stock changing hands. |
On the decentralized exchange Hyperliquid, anyone can trade SpaceX’s implied valuation right now, before the company has sold a single share to the public. No brokerage account. No accredited investor status. No middleman of any kind. |
The instrument is called the SPCX-USDC contract. It is a synthetic perpetual futures product that tracks the implied price of SpaceX common stock with no expiration date and never touches an actual share. |
Traders post USDC as collateral, a stablecoin backed 1:1 by U.S. Treasury bills, and receive it as settlement. The entire trade happens on-chain, in digital dollars. |
The contract launched at a reference price of $150. It traded up to $216 on its first day before settling near $203 on $33 million in volume. |
SpaceX is not a one-off. |
In the first quarter of 2026, Hyperliquid entered the top 10 derivatives exchanges globally by trading volume, recording roughly $500 billion in quarterly activity alongside Binance and OKX. |
Brent crude oil contracts now rank among the platform’s five most-traded markets, generating about $352 million in daily volume, around the clock, on a decentralized exchange, settled in digital dollars. |
When trader positions liquidate, that capital flows back into the Hyperliquid treasury. The protocol also generates revenues from trading fees. |
Wall Street is following the money. |
Earlier this month, ICE, the parent company of the New York Stock Exchange, announced its own perpetual futures contracts on Brent crude and West Texas Intermediate oil, built on crypto rails and margined in stablecoins. |
In 2018, ICE launched Bakkt to bring bitcoin to institutions. In 2025, it is building crypto rails to bring tokenized assets to everyone. |
Own the Casino |
While the crowd lines up to buy into the biggest IPO in history at a price that may cost them a decade of returns, I’m focusing on the infrastructure that profits from every trade they make. |
That’s the play here. The crypto rails that profit from SpaceX and every tokenized asset that follows it. |
Every trade on Hyperliquid settles in stablecoins. Every contract ICE just announced is margined in stablecoins. The casino runs on the chips, and the chips are stablecoins. |
My research suggests one of the biggest beneficiaries of tokenization will be stablecoins. |
Juniper Research projects this market will grow to $5 trillion by 2035, nearly 14x its current size. And the regulatory environment has never been more favorable. |
When the GENIUS Act became law last year, it cracked open access to the $117 trillion global bank deposit market, the total value sitting in traditional banks around the world. Stablecoins provide the rails to move massive chunks of that money over the blockchain. |
I recently put together a briefing on the specific altcoins I believe are best positioned to profit as this parallel financial system continues to take shape. |
You can stream it right here… |
In January 2021, I told you every asset would eventually be tokenized. SpaceX trading on Hyperliquid before its IPO even opens is not a sign of where this is going. It’s proof of where we already are. |
The crowd will line up on June 12 to buy the most expensive stock in history. |
Let them.
We’re not playing that game. We’re owning the casinos that profit from every trade they make. |
Let the Game Come to You! |
Teeka Tiwari |
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