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Market Delta: Thursday June 11, Pre-Market
S&P 500: 7,266.99 (Wed −1.62%) — worst day in 3 weeks on Iran strikes + CPI
Nasdaq: 25,169.50 (Wed −1.98%) — tech led the selloff despite cool core CPI
10Y yield: 4.52% (−2 bps) — eased from 4.55% intraday after core beat
VIX: 22.22 (+11.8%) — fear gauge spiked from 18.92 to 22.22
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Pricing night. SpaceX sets its final IPO price after the bell today at $135 per share, valuing the company at approximately $1.75 trillion. The first public trade as $SPCX hits Nasdaq tomorrow morning. More than $250 billion of investor demand chased a $75 billion offering - roughly 4x oversubscribed. Yesterday's CPI gave the tape a brief reprieve: core inflation printed 0.2% month-over-month, below the 0.3% expectation. That is the slowest core reading in months. But the market still sold off 1.6% because Iran airstrikes hit three Israeli cities late Tuesday, and oil held above $89. The 10-year yield eased to 4.52% from an intraday high of 4.55%. The VIX jumped 12% to 22.22. Tonight the price gets locked. Tomorrow the crowd arrives. Today is the last session where you can adjust your positioning before the biggest IPO in market history goes live. |
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SpaceX Prices Tonight - What the S-1 Actually Says |
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The S-1 filing is public now - a document thick enough to use as a doorstop - and the numbers are worth reading before the ticker goes live. SpaceX reported $18.7 billion in 2025 revenue. Starlink generated $11.4 billion of that - 49.8% year-over-year growth - with 8.9 million paying subscribers across 100-plus countries. The satellite internet business alone would make Starlink one of the largest telecom companies on earth if it were spun off. Launch services, government contracts, and the Starship program account for the rest. Revenue is real. Cash flow is real. This is not a pre-revenue growth story priced on hopes. |
The risk section is also worth reading. xAI - the artificial intelligence division merged into SpaceX - lost $6.355 billion in its most recent reporting period. The Colossus supercomputer in Memphis requires approximately 1 gigawatt of power. Memphis Light, Gas and Water cannot supply that from the existing grid. SpaceX disclosed plans to spend more than $2.8 billion on natural-gas turbines over the next three years just to keep the data center running. That is the scale of the AI ambition baked into the $1.75 trillion valuation. If Colossus delivers, the AI business justifies the premium. If the power bottleneck slows deployment, the market will reprice fast. Read the S-1 before you trade the ticker. |
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The $50 Billion Power Bottleneck Nobody Is Watching |
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Every dollar of attention is pointed at the $SPCX ticker. The S-1 filing, the $135 price, the 4x oversubscription - that is where the crowd is standing. But the S-1 also disclosed something the crowd is not pricing: the Colossus supercomputer in Memphis needs 1 gigawatt of continuous power, and the local utility cannot provide it. SpaceX's own filings show $2.8 billion committed to natural-gas turbines over three years. That is not a line item you bury in an S-1 unless it is a real constraint. The electricity that keeps your kitchen lights on at night is the same resource constraining the largest AI buildout in history. Power infrastructure is the bottleneck between AI ambition and AI delivery. The companies that solve the generation and distribution problem sit upstream of every AI data center being built right now - not just SpaceX's. |
One contrarian thesis argues the real asymmetry is not in the $1.75 trillion company everyone is watching, but in the supplier chain that makes the power work. The logic is straightforward: if every major AI build-out needs gigawatts of new generation capacity, the companies manufacturing turbines, building substations, and deploying grid-scale solutions have a demand backlog that stretches years. The S-1 confirmed the scale. The question is which supplier captures the margin. |
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From our partner |
Wall Street is marching you into a slaughterhouse with the $1.75 trillion SpaceX IPO. |
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They’re handing retail an unprecedented 30% allocation just to use you as exit liquidity before the new NASDAQ fast-entry squeeze hits. |
Want to hijack the real profits? Stop fighting for IPO scraps. |
Elon Musk faces a $50 billion power bottleneck at his Memphis AI supercomputer, and one overlooked supplier holds the key. |
This is your backdoor in — the S-1 has already dropped… |
Click here to open the door. |
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Spatial Computing at $0.79 a Share |
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The technology cycle follows a pattern. Mainframes led to desktops. Desktops led to smartphones. Each transition created enormous value for the companies that arrived early with a working product and a real user base. The next transition - spatial computing - is following the same sequence. The hardware is getting lighter, the resolution is getting sharper, and the use cases are shifting from gaming novelty to daily productivity tool. The companies building this category now are doing it while valuations are still measured in hundreds of millions, not hundreds of billions. That window does not stay open once a category proves out. |
One company in the spatial computing space has 1.5 million users on its platform and a hardware device with a 75,000-person waitlist. It is currently raising under Regulation A+ at $0.79 per share with a Nasdaq ticker reserved. Pre-IPO investing at this stage carries meaningful risk - no public market, no guaranteed exit, no floor price. But for investors who sized their SpaceX position and still have allocation capacity for earlier-stage bets, the entry math at sub-dollar pricing is structurally different from buying a $1.75 trillion IPO on opening day. |
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From our partner |
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| ⚠ ALLOCATION FILLING · $0.79 WINDOW IS CLOSING ⚠ |
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The round is filling.
$0.79 window closing soon. |
| 8,000+ investors have already secured their position. Once this round closes, there is no coming back to $0.79. |
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Immersed: 4,000% valuation growth. 1.5M users. $32M+ raised. NASDAQ $IMRS reserved.
Visor headset has 75,000+ on the waitlist. Curator AI is in early beta. Intel and Samsung are strategic partners.
This Reg A+ round is open to all investors. No accreditation needed. Minimum $1,000. Up to 20% bonus shares depending on investment level.
When the round closes, the $0.79 entry point is gone. |
8,000+
Investors Already In |
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✓Entry: $0.79/share
✓Bonus: Up to 20% additional shares for early investors
✓Type: Reg A+ open to all, no accreditation required
✓Status: Round closing soon. This price ends soon. |
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| REG A+ · OPEN TO ALL INVESTORS · CLOSING SOON |
| Entry price: $0.79/share Round closing soon. Up to 20% bonus shares. |
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| P.S.#3 fastest growing product in North America. 4,000% growth. $0.79. Not for long. |
| Disclaimer: Immersed is offering securities through the use of an Offering Statement that has been qualified by the Securities and Exchange Commission under Tier II of Regulation A. The valuation is set by the Company and there is currently no public market for the Company's Common Stock. Please read the offering circular and related risks at invest.immersed.com. Nasdaq ticker “IMRS” has been reserved by Immersed and any potential listing is subject to future regulatory approval and market conditions. |
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🔒 OBBBA Rule Watch: Tax Rule of the Day
The QCD-to-RMD Interaction Can Zero Out Your Tax Bill on Required Distributions
If you are 73 or older, you must take Required Minimum Distributions from your traditional IRA each year. That money is taxed as ordinary income. But a Qualified Charitable Distribution lets you send up to $111,000 per year directly from your IRA to a qualifying charity — and that amount counts towa
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The Metal Behind the Space Race |
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Gold is sitting near $4,165 an ounce. Most investors think of it as a store of value or an inflation hedge. But gold has a physical use case that connects directly to the space economy. Satellites, spacecraft electronics, and aerospace connectors all use gold because of its conductivity, corrosion resistance, and ability to reflect infrared radiation. NASA has used gold-coated visors on astronaut helmets since the Apollo program. The James Webb Space Telescope's primary mirror is coated in gold. As the commercial space industry scales - SpaceX alone plans hundreds of Starship launches per year - the demand for aerospace-grade gold increases alongside it. |
That does not change gold's primary value proposition for retirees: it sits outside the financial system's plumbing, carries no counterparty risk, and holds purchasing power across decades. But the aerospace dimension adds a demand floor that did not exist twenty years ago. Physical gold in a tax-advantaged IRA combines the traditional store-of-value thesis with exposure to a supply-demand dynamic that grows as the space economy grows. For investors who already hold zero gold, the starting allocation is small and permanent - not a trade. |
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From our partner |
Everyone is talking about the SpaceX IPO. |
The reported $1.75 trillion to $2 trillion valuation. The Nasdaq debut. The biggest IPO in history. |
The next great space race. |
But almost nobody is talking about the metal that helps make space technology possible. |
Gold. |
Gold has been used in aerospace for decades because it can do things most materials cannot. |
It helps protect sensitive electronics. It resists corrosion. It conducts electricity. It reflects dangerous radiation and heat in some of the harshest environments known to man. |
In other words, while the public chases the companies making headlines... |
The mission-critical metal behind the technology is still gold. |
That should tell you something. |
Because gold is not just part of the space economy. It is also one of the oldest ways to protect wealth outside the paper system. |
Stocks can be repriced overnight. IPOs can be overhyped. Retirement accounts can get dragged through market swings you never approved. |
But physical gold does not depend on one CEO, one launch, one earnings report, or one Wall Street valuation. |
That is why many Americans are moving a portion of their retirement savings into physical precious metals. |
The free "Metal Behind The Space Race" Report explains how to protect part of your retirement with physical gold or silver, without triggering taxes or penalties. |
→ Yes, Send Me My FREE Report |
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The Yield Gave You a Gift. Don't Waste It. |
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Yesterday's core CPI came in at 0.2% month-over-month - below the 0.3% expectation. That is a genuine beat. It means the inflation pressures outside energy are cooling, not accelerating. The 10-year yield eased to 4.52% from an intraday high of 4.55%. That 3-basis-point drop sounds small. It is not. For SpaceX's opening day tomorrow, a 10-year below 4.6% means the broad market opens in a risk-on posture rather than a defensive one. The $250 billion of sidelined demand waiting for $SPCX flows more freely when the bond market is not flashing danger. The yield gave you a gift yesterday. The question is whether Iran takes it back overnight. |
Review your positioning before the bell today. Know what you would sell first if both oil and the 10-year spike on an overnight headline. Know what you would add if the tape stays calm and $SPCX opens clean tomorrow. Preparation is the only free edge in a market that charges for everything else. By tomorrow morning, the price is set. |
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Trade Cheat Sheet: Thursday June 11
| TICKER |
PRICE |
BIAS |
STOP / LEVEL |
| SPCX |
$135 IPO |
⚖️ Cautious Bull |
Prices tonight. Don’t chase Friday open. Wait for pullback below VWAP. |
| SPY |
~$727 |
⚖️ Neutral |
Core CPI beat gives support. Iran risk caps upside. Hold current positions. |
| GLD |
~$416 |
🟢 Bullish |
5–10% portfolio floor. Iran + space demand + CPI energy = hold. |
| GEV |
~$430 |
🟢 Bullish |
Power infrastructure play. $2.8B turbine backlog confirmed in SpaceX S-1. |
| TNX |
4.52% |
⚖️ Key Level |
Below 4.6% = risk-on. Above 4.6% = tighten stops on growth. |
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