Month: June 2026

If you think this is possible then go all-in on anything AI. If this doesn’t make any sense to you, then be careful to play this game too long. 👇🏻

“AI cannot, under any circumstances, slow down. In a year, Anthropic and OpenAI’s businesses have to be roughly twice the size they… https://t.co/8QSfSEUx7M

— JustDario (@DarioCpx) June 9, 2026

Striking paper from Wharton. The big conclusion: AI must increase productivity 2.7x — and quickly — or tech companies risk bankruptcy with all that entails for the economy. For context: this is how a quickie 2.7x productivity boom would compare to historical precedent. Paper… pic.twitter.com/1d4tmVLpdy

— Alexander Panetta (@Alex_Panetta) June 8, 2026

“Over the past dozen years, the biggest companies have won in the stock market not because their businesses grew faster, but because investors paid more for them. Their valuation premium relative to the Next 500 has risen to roughly 80%, even as profit growth lagged.” 👇🏼… pic.twitter.com/rcDhWGQmcK

— Kalani o Māui (@MauiBoyMacro) June 8, 2026

SpaceX goes public Friday at ~94x revenue.

Across 45 years of data, IPOs that debut above 40x sales underperform the market by 58% over the next 3 years, and by 76% style-adjusted.

The golden rule of IPO investing: the lower the price-to-sales at entry, the better the long-run… pic.twitter.com/Nivhi8iffV

— Vlad Bastion (@VladBastion) June 8, 2026

Not such an outlier anymore. According to this breakdown, the SpaceX reach for $1.75T valuation is largely based on them valuing the enterprise portion of the AI biz at $800B! Which, considering the biz doesn't exist is…a stretch. https://t.co/M030LXvuvv

— Chris O'Brien (@obrien) June 8, 2026

I have watched a parade of talking heads go on Fin TV to confidentally discuss the SpaceX IPO over the last few weeks.
Not one (especially the two people on @cnbc yesterday @squawkbox who talked in "glittering generalities") was rigorous in their analysis.
My guess is that few…

— Dougie Kass (@DougKass) June 9, 2026

"No one can reasonably and reliably know where the price of BTC is headed over the long term. … There is no fundamental valuation anchor to which Bitcoin's value is tethered. " https://t.co/iPoVMeVBIZ

— joe sho (@joeshoeth) June 9, 2026

We value SpaceX at $63 per share, a 53% discount to the upcoming IPO’s offering price.

Even giving SpaceX the benefit of the doubt in several key forecasts, only the most optimistic ‘Moonshot’ scenario approaches the IPO offering price. https://t.co/ibUZ4lUaWw

— Morningstar, Inc. (@MorningstarInc) June 8, 2026