Ray Blanco:

The SpaceX FOMO Survival Guide

Today, SpaceX lists on Nasdaq under ticker SPCX. $1.77 trillion valuation. $75 billion raise. Thirty percent of that – roughly $22 billion worth – is reserved for retail investors like you. That has never happened before at this scale.

Buy today or wait? Here’s my honest answer…

The bear case: First-day IPO pops are real. The excitement, the media coverage, the retail FOMO – it all compresses into a single morning. Prices can spike 20, 30, 40% at open and then spend months retracing.

The bull case: This is a company that did $18 billion in revenue last year, is growing fast, and has a launch manifest booked years out and a Starlink subscriber base that’s still in its early innings.

And here’s what I’d tell anyone who’s worried about timing: This isn’t a trade. It’s a position. The investors who bought Amazon at the IPO and held long enough didn’t care what they paid on day one. The investors who bought and flipped probably regret it.

If you believe the frontier thesis – that space is the next great American economic expansion – then the right move may be to get positioned and stay positioned.

Click the link below for my full SpaceX IPO guide.

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James Altucher:

Jeff Bezos’s Prometheus Raises $12B To Build an ‘Artificial General Engineer’ for the Physical World

Prometheus, the physical AI startup co-founded by Jeff Bezos and Vik Bajaj, the former co-founder of Verily, Google’s life sciences unit, announced it raised $12 billion at a $41 billion valuation.

The new funds came from Bezos himself, as well as from JPMorgan Chase, Goldman Sachs, and BlackRock, among others. This is the second fundraise round for Prometheus, which launched late last year with an initial raise of $6.2 billion.

Prometheus is building what it calls an “artificial general engineer” – software capable of automating the design and manufacturing of complex physical systems, from jet engines to drug compounds.

The ambition is sweeping: replace large swaths of engineering work with AI. Although the startup will automate many aspects of an engineer’s job, Bezos said that the productivity gains AI delivers will lead to what he calls “labor scarcity” – his term for a world where demand for human workers outpaces supply.

At $41 billion, Prometheus is one of the most richly valued AI startups ever funded. But it isn’t the only one attracting massive investor interest. In recent months, venture capitalists have increasingly poured capital into physical AI, a booming sector that investors and founders argue is inherently more defensible than pure software.

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Chris Campbell:

Crypto Platforms Broaden Access to Elon Musk's SpaceX Ahead of $1.75 Trillion IPO

Crypto is pushing SpaceX's IPO far beyond traditional brokerage accounts.

With Wall Street's books heavily oversubscribed ahead of Friday's historic liftoff, the industry is enabling investors to speculate on the firm's $1.75 trillion debut in a variety of ways.

Those options include wagers on prediction markets, bets made via perpetual futures, and the purchase of synthetic assets designed to mirror the performance of Elon Musk's rocket-maker.

To be sure, most products offered by various firms provide no dividends, voting rights, or a direct claim on SpaceX assets. On top of that, many of these firms' creations aren't available in the U.S., stemming from a shifting regulatory backdrop around tokenized assets.

The offerings, in many ways, underscore how the edges between traditional and digital assets continue to blur. Yet SpaceX's high-stakes debut represents a fast-approaching test that could play an outsized role in shaping sentiment around nascent means of exposure.

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