The Pattern.

Jeff Bezos has impeccable timing.

Or… a trading plan established nine months ago.

Amazon crossed $3 trillion in market value for the first time this week after a blockbuster earnings report. Not long after, a multibillion-dollar Bezos stock sale hit the filings.

Normally, that would be an interesting coincidence.

Except something similar happened around Amazon’s previous trillion-dollar milestones too.

Three milestones. Three increasingly large rounds of selling.

Let’s follow the money.⇩

SPONSOR BREAK presented by Brownstone*

Do this before November 3

For the last 78 years, one thing has predicted a bull market…

With 100% accuracy…

The midterm election.

It doesn’t matter which party wins.

Or what the economic conditions are.

In war and in peace…

The 12 months following a midterm election are the most profitable.

This midterm will be no different.

And I just caught Wall Street sneaking money into two stocks — ahead of the Nov. 3 election.
 

Three Trillion Dollars Later…

This week’s sale looks enormous on its own.

Zoom out, and it looks more familiar.

Since 2002, Bezos has sold roughly $50 billion worth of Amazon stock, according to Bloomberg.

That sounds enormous — because it is. But there’s an important piece of context.

Most of Bezos’s wealth has historically been tied up in Amazon shares. As Amazon’s stock price climbed, so did the value of that stake. Selling portions of it over time allowed him to turn some of that paper wealth into actual cash, while still maintaining a massive financial interest in the company.

That’s why bigger sales don’t necessarily mean Bezos has become less confident in Amazon. When the underlying stake becomes dramatically more valuable, even selling a similar portion of it can produce a much larger dollar amount.

What makes the $1T → $2T → $3T timeline interesting isn’t proof that Bezos deliberately waited for each milestone to sell.

It’s that as Amazon’s valuation climbed into the trillions, the dollar amounts attached to his selling climbed with it.

✱  Bigger company. Bigger fortune. Bigger checks.

SPONSOR BREAK presented by OxfordClub*

Phase 2 of the AI Supercycle Has Arrived

Google’s DeepMind CEO says AI will be “10X bigger than the Industrial Revolution. And maybe 10X faster.”

Best-selling financial author Alexander Green has identified three companies positioned to soar.

He was right about Apple. In 1996. Under $1 a share.

He was right about Netflix. At $1.62.

He was right about Amazon. Under $2.

He warned his readers about the dot-com crash. One month before it peaked.

He warned about the housing crisis. Nine months before Lehman Brothers collapsed.

Now Alexander Green says the biggest wealth-creation event of his 40-year career is unfolding right now.

He calls it Phase 2 of the AI Supercycle.

And he’s identified three stocks he believes could dominate the next phase.

CLICK HERE TO FIND OUT IF HE’S RIGHT

About That Perfect Timing↓

Here’s the important part: Bezos didn’t wake up after Amazon crossed $3 trillion and hit sell.

The transaction was arranged through Morgan Stanley Smith Barney under a Rule 10b5-1 trading plan established in November 2025 — roughly nine months before this week’s sale.

These plans allow corporate insiders to establish the terms of future stock sales in advance, removing the decision of when to sell from the moment the trade actually happens.

So the timing looks remarkable.

But it wasn’t decided this week.

And that’s an important distinction before reading too much into the $3 trillion coincidence.

SPONSOR BREAK presented by MarketWise*

Trump: ‘You can’t fight it.’

President Trump just went on record: the AI data center buildout sweeping America is unstoppable. s Communities across the country have been pushing back – over rising electricity bills, strained water supplies, and projects landing next door to homes and schools. But the AI buildout isn’t slowing down. In fact, Elon Musk’s master plan – hidden inside SpaceX – avoids every obstacle. Analyst Rob Spivey says folks who understand what Elon is building – and why – could make a lot of money in the right stocks.

Get the name and ticker of the No. 1 stock at the center of it FREE (not Tesla or SpaceX).

What Pushed Amazon Past $3T.

→ $200.6 billion in revenue, up 20% year-over-year.
→ Operating income was $27.5 billion, up 43% year-over-year.

For a company already operating at Amazon’s scale, those growth rates are hard to ignore.

Revenue crossed $200 billion in a non-holiday quarter for the first time, while operating income grew more than twice as fast as sales — a sign that Amazon wasn’t simply getting bigger, it was becoming more profitable as it grew.

And the strength wasn’t confined to one corner of the business. Online stores, third-party seller services, and advertising all accelerated.

But the business that really helped put the third trillion on the board was a familiar one.

AWS !!!

SPONSOR BREAK presented by MarketWise*

The Prophet’s” #1 Retirement Stock Right Now — Free

Whitney Tilson — the man CNBC calls “The Prophet,” twice featured on 60 Minutes — is revealing the name and ticker of what he calls America’s Greatest Retirement Stock.

Completely free.

It’s already outperformed Apple, Amazon, and the S&P 500 combined…

A billionaire put 60% of his $9 billion fund into it…

And Google’s former CEO just partnered with it directly.

Right now it’s trading at a rare discount.

>>> No email required. Get the name free.<<<

The Real Driver.

At Amazon’s size, 37% growth takes some doing.

AWS just delivered its fastest revenue growth in more than four years, while operating income surged 63%. Its backlog is now approaching $500 billion — a considerable amount of cloud demand already under contract and waiting to become revenue.

AI is adding fuel. Amazon’s AI and chip-related businesses have reached a combined annual revenue run rate above $20 billion, and Bank of America’s Justin Post estimates AI now accounts for roughly 15% of cloud revenue.

The growth explains plenty about Amazon’s march past $3 trillion.

The price tag explains why investors still have something to debate.

Then Comes The $220 Billion Bill ⚠️

Amazon raised its 2026 capital-spending outlook to approximately $220 billion, up from $200 billion, as it pours money into data centers, chips, power, and the infrastructure required to meet AI demand.

That buildout is already weighing heavily on cash generation. Over the trailing twelve months, Amazon reported a $7.6 billion free-cash-flow outflow — a striking reversal for a business investors have grown accustomed to seeing throw off cash.

For now, Amazon has plenty of demand waiting on the other side:
→ AWS is accelerating,
→ AI revenue is climbing, and
→ the cloud backlog is approaching half a trillion dollars.

The next test is whether all that spending turns today’s demand into tomorrow’s cash flow.

How The Market Reacted?

For all the attention surrounding Bezos’s $4.07 billion sale, investors didn’t spend much time worrying about it.

Amazon shares briefly slipped more than 2% below $280 when the filing surfaced on August 4. CNBC’s Jim Cramer called the timing a “buzzkill.”

The buzzkill didn’t last.

Shares quickly recovered, while retail enthusiasm remained firmly bullish. Several major Wall Street firms — including Morgan Stanley, JPMorgan, Goldman Sachs, UBS, and Bank of America — raised their price targets following earnings.

Investors had bigger numbers to focus on: 37% AWS growth, expanding cloud margins, accelerating AI demand, and a backlog approaching $500 billion.

Against that backdrop, one founder selling stock according to a plan established months earlier barely changed the conversation.

And Then There’s The Mag 7.

Amazon has quietly become the group’s standout performer.

Shares are up roughly 24% this year, ahead of the S&P 500’s 12% gain and every other Magnificent Seven member through early August.

That’s notable given how much the Mag 7 narrative has fractured this year. The companies that once traded almost as a single AI basket are increasingly being judged on what they’re actually delivering.

This quarter gave Amazon a particularly strong case:
→ accelerating revenue,
→ expanding profits,
→ AWS growing at its fastest pace in 18 quarters, and
→ AI demand increasingly showing up in reported results.

Lesson Of The Day:

Was this email forwarded to you? Don’t miss out on future stories — subscribe using the button below.

Also, help your friends blossom this spring! Share us with them.

💬 We Want To Hear Your Story:

Got a market or stock you want us to analyze next?

Just drop your request in the comments here.

P.S. – If you no longer want to receive occasional emails from us and you want to unsubscribe, click here 👉 “Unsubscribe” . Thank you!

The Pattern.

Jeff Bezos has impeccable timing.

Or… a trading plan established nine months ago.

Amazon crossed $3 trillion in market value for the first time this week after a blockbuster earnings report. Not long after, a multibillion-dollar Bezos stock sale hit the filings.

Normally, that would be an interesting coincidence.

Except something similar happened around Amazon’s previous trillion-dollar milestones too.

Three milestones. Three increasingly large rounds of selling.

Let’s follow the money.⇩

SPONSOR BREAK presented by Brownstone*

Do this before November 3

For the last 78 years, one thing has predicted a bull market…

With 100% accuracy…

The midterm election.

It doesn’t matter which party wins.

Or what the economic conditions are.

In war and in peace…

The 12 months following a midterm election are the most profitable.

This midterm will be no different.

And I just caught Wall Street sneaking money into two stocks — ahead of the Nov. 3 election.
 

Three Trillion Dollars Later…

This week’s sale looks enormous on its own.

Zoom out, and it looks more familiar.

Since 2002, Bezos has sold roughly $50 billion worth of Amazon stock, according to Bloomberg.

That sounds enormous — because it is. But there’s an important piece of context.

Most of Bezos’s wealth has historically been tied up in Amazon shares. As Amazon’s stock price climbed, so did the value of that stake. Selling portions of it over time allowed him to turn some of that paper wealth into actual cash, while still maintaining a massive financial interest in the company.

That’s why bigger sales don’t necessarily mean Bezos has become less confident in Amazon. When the underlying stake becomes dramatically more valuable, even selling a similar portion of it can produce a much larger dollar amount.

What makes the $1T → $2T → $3T timeline interesting isn’t proof that Bezos deliberately waited for each milestone to sell.

It’s that as Amazon’s valuation climbed into the trillions, the dollar amounts attached to his selling climbed with it.

✱  Bigger company. Bigger fortune. Bigger checks.

SPONSOR BREAK presented by OxfordClub*

Phase 2 of the AI Supercycle Has Arrived

Google’s DeepMind CEO says AI will be “10X bigger than the Industrial Revolution. And maybe 10X faster.”

Best-selling financial author Alexander Green has identified three companies positioned to soar.

He was right about Apple. In 1996. Under $1 a share.

He was right about Netflix. At $1.62.

He was right about Amazon. Under $2.

He warned his readers about the dot-com crash. One month before it peaked.

He warned about the housing crisis. Nine months before Lehman Brothers collapsed.

Now Alexander Green says the biggest wealth-creation event of his 40-year career is unfolding right now.

He calls it Phase 2 of the AI Supercycle.

And he’s identified three stocks he believes could dominate the next phase.

CLICK HERE TO FIND OUT IF HE’S RIGHT

About That Perfect Timing↓

Here’s the important part: Bezos didn’t wake up after Amazon crossed $3 trillion and hit sell.

The transaction was arranged through Morgan Stanley Smith Barney under a Rule 10b5-1 trading plan established in November 2025 — roughly nine months before this week’s sale.

These plans allow corporate insiders to establish the terms of future stock sales in advance, removing the decision of when to sell from the moment the trade actually happens.

So the timing looks remarkable.

But it wasn’t decided this week.

And that’s an important distinction before reading too much into the $3 trillion coincidence.

SPONSOR BREAK presented by MarketWise*

Trump: ‘You can’t fight it.’

President Trump just went on record: the AI data center buildout sweeping America is unstoppable. s Communities across the country have been pushing back – over rising electricity bills, strained water supplies, and projects landing next door to homes and schools. But the AI buildout isn’t slowing down. In fact, Elon Musk’s master plan – hidden inside SpaceX – avoids every obstacle. Analyst Rob Spivey says folks who understand what Elon is building – and why – could make a lot of money in the right stocks.

Get the name and ticker of the No. 1 stock at the center of it FREE (not Tesla or SpaceX).

What Pushed Amazon Past $3T.

→ $200.6 billion in revenue, up 20% year-over-year.
→ Operating income was $27.5 billion, up 43% year-over-year.

For a company already operating at Amazon’s scale, those growth rates are hard to ignore.

Revenue crossed $200 billion in a non-holiday quarter for the first time, while operating income grew more than twice as fast as sales — a sign that Amazon wasn’t simply getting bigger, it was becoming more profitable as it grew.

And the strength wasn’t confined to one corner of the business. Online stores, third-party seller services, and advertising all accelerated.

But the business that really helped put the third trillion on the board was a familiar one.

AWS !!!

SPONSOR BREAK presented by MarketWise*

The Prophet’s” #1 Retirement Stock Right Now — Free

Whitney Tilson — the man CNBC calls “The Prophet,” twice featured on 60 Minutes — is revealing the name and ticker of what he calls America’s Greatest Retirement Stock.

Completely free.

It’s already outperformed Apple, Amazon, and the S&P 500 combined…

A billionaire put 60% of his $9 billion fund into it…

And Google’s former CEO just partnered with it directly.

Right now it’s trading at a rare discount.

>>> No email required. Get the name free.<<<

The Real Driver.

At Amazon’s size, 37% growth takes some doing.

AWS just delivered its fastest revenue growth in more than four years, while operating income surged 63%. Its backlog is now approaching $500 billion — a considerable amount of cloud demand already under contract and waiting to become revenue.

AI is adding fuel. Amazon’s AI and chip-related businesses have reached a combined annual revenue run rate above $20 billion, and Bank of America’s Justin Post estimates AI now accounts for roughly 15% of cloud revenue.

The growth explains plenty about Amazon’s march past $3 trillion.

The price tag explains why investors still have something to debate.

Then Comes The $220 Billion Bill ⚠️

Amazon raised its 2026 capital-spending outlook to approximately $220 billion, up from $200 billion, as it pours money into data centers, chips, power, and the infrastructure required to meet AI demand.

That buildout is already weighing heavily on cash generation. Over the trailing twelve months, Amazon reported a $7.6 billion free-cash-flow outflow — a striking reversal for a business investors have grown accustomed to seeing throw off cash.

For now, Amazon has plenty of demand waiting on the other side:
→ AWS is accelerating,
→ AI revenue is climbing, and
→ the cloud backlog is approaching half a trillion dollars.

The next test is whether all that spending turns today’s demand into tomorrow’s cash flow.

How The Market Reacted?

For all the attention surrounding Bezos’s $4.07 billion sale, investors didn’t spend much time worrying about it.

Amazon shares briefly slipped more than 2% below $280 when the filing surfaced on August 4. CNBC’s Jim Cramer called the timing a “buzzkill.”

The buzzkill didn’t last.

Shares quickly recovered, while retail enthusiasm remained firmly bullish. Several major Wall Street firms — including Morgan Stanley, JPMorgan, Goldman Sachs, UBS, and Bank of America — raised their price targets following earnings.

Investors had bigger numbers to focus on: 37% AWS growth, expanding cloud margins, accelerating AI demand, and a backlog approaching $500 billion.

Against that backdrop, one founder selling stock according to a plan established months earlier barely changed the conversation.

And Then There’s The Mag 7.

Amazon has quietly become the group’s standout performer.

Shares are up roughly 24% this year, ahead of the S&P 500’s 12% gain and every other Magnificent Seven member through early August.

That’s notable given how much the Mag 7 narrative has fractured this year. The companies that once traded almost as a single AI basket are increasingly being judged on what they’re actually delivering.

This quarter gave Amazon a particularly strong case:
→ accelerating revenue,
→ expanding profits,
→ AWS growing at its fastest pace in 18 quarters, and
→ AI demand increasingly showing up in reported results.

Lesson Of The Day:

Was this email forwarded to you? Don’t miss out on future stories — subscribe using the button below.

Also, help your friends blossom this spring! Share us with them.

💬 We Want To Hear Your Story:

Got a market or stock you want us to analyze next?

Just drop your request in the comments here.

P.S. – If you no longer want to receive occasional emails from us and you want to unsubscribe, click here 👉 “Unsubscribe” . Thank you!

Perfect Timing?

Buying when everyone agrees is easy. Buying when almost nobody does is the real test.

Cathie Wood made several notable portfolio moves this week.

One came just as SpaceX was navigating one of its most difficult stretches since going public.

Another involved selling one of the market’s biggest winners.

Here’s what she bought, what she sold, and why both trades immediately drew attention.
⇩

SPONSOR BREAK presented by Brownstone*

Do this before November 3

For the last 78 years, one thing has predicted a bull market…

With 100% accuracy…

The midterm election.

It doesn’t matter which party wins.

Or what the economic conditions are.

In war and in peace…

The 12 months following a midterm election are the most profitable.

This midterm will be no different.

And I just caught Wall Street sneaking money into two stocks — ahead of the Nov. 3 election.
 

The Money Was Split Almost Perfectly.

Cathie Wood didn’t make one oversized bet.

She split almost $29 million between just two companies.

→ TSMC – $14.2M 
→ SpaceX – $14.5M 

One manufactures the world’s most advanced AI chips.

The other is rapidly becoming one of their biggest customers.

That pairing probably wasn’t an accident.

SPONSOR BREAK presented by OxfordClub*

Phase 2 of the AI Supercycle Has Arrived

Google’s DeepMind CEO says AI will be “10X bigger than the Industrial Revolution. And maybe 10X faster.”

Best-selling financial author Alexander Green has identified three companies positioned to soar.

He was right about Apple. In 1996. Under $1 a share.

He was right about Netflix. At $1.62.

He was right about Amazon. Under $2.

He warned his readers about the dot-com crash. One month before it peaked.

He warned about the housing crisis. Nine months before Lehman Brothers collapsed.

Now Alexander Green says the biggest wealth-creation event of his 40-year career is unfolding right now.

He calls it Phase 2 of the AI Supercycle.

And he’s identified three stocks he believes could dominate the next phase.

CLICK HERE TO FIND OUT IF HE’S RIGHT

It All Happened In 72 Hours↓

!!! Meanwhile… Amazon Went The Other Way.

✱ To help fund those purchases, ARK trimmed several positions—including roughly $1.1 million of Amazon.

Hours later, Amazon reported stronger-than-expected quarterly results.

The stock went on to reach a fresh all-time high.

The sale was small relative to ARK’s overall portfolio, but the timing is hard not to notice.
→ One trade added to a stock entering one of its most uncertain weeks.
→ The other reduced exposure to a company that dropped double digits two days late.

SPONSOR BREAK presented by MarketWise*

Trump: ‘You can’t fight it.’

President Trump just went on record: the AI data center buildout sweeping America is unstoppable. s Communities across the country have been pushing back – over rising electricity bills, strained water supplies, and projects landing next door to homes and schools. But the AI buildout isn’t slowing down. In fact, Elon Musk’s master plan – hidden inside SpaceX – avoids every obstacle. Analyst Rob Spivey says folks who understand what Elon is building – and why – could make a lot of money in the right stocks.

Get the name and ticker of the No. 1 stock at the center of it FREE (not Tesla or SpaceX).

A Rotation… Or Just Portfolio Management? 

✱ Every new position has to be funded somehow.

For ARK, that meant trimming a handful of familiar names.

One day’s trades don’t necessarily reveal a new investment strategy.

But the pattern is worth noticing.

ARK added to TSMC and SpaceX—two companies tied directly to building the physical infrastructure behind AI—while trimming positions in larger, more diversified technology companies.

Whether that’s a deliberate shift toward the AI “picks and shovels” layer or simply routine portfolio rebalancing isn’t clear.

Either way, the capital moved one step closer to the infrastructure powering the AI boom.

SPONSOR BREAK presented by MarketWise*

The Prophet’s” #1 Retirement Stock Right Now — Free

Whitney Tilson — the man CNBC calls “The Prophet,” twice featured on 60 Minutes — is revealing the name and ticker of what he calls America’s Greatest Retirement Stock.

Completely free.

It’s already outperformed Apple, Amazon, and the S&P 500 combined…

A billionaire put 60% of his $9 billion fund into it…

And Google’s former CEO just partnered with it directly.

Right now it’s trading at a rare discount.

>>> No email required. Get the name free.<<<

⚠️ Wood Bought Three “Broken” Names.

Cathie Wood’s latest purchases weren’t all beaten-down stocks.

But none of them were obvious, low-drama trades either.

The three charts look very different.

Nvidia remains one of the market’s strongest AI leaders, trading just 10% below its all-time high.

SpaceX and Circle, meanwhile, have both seen much of their early post-IPO excitement fade.

The common thread isn’t that all three are cheap.

It’s that Wood appears willing to buy while the market is still debating the story.

Circle’s case, briefly:

Circle’s business looks very different from its stock chart.

More than 95% of its revenue comes from interest earned on the Treasury bills backing its stablecoin reserves—a model that can actually benefit from interest rates staying higher for longer.

In other words, the stock’s decline has reflected changing investor sentiment far more than a collapse in the underlying business.

One Big Unknown Remains.

More than 900 million previously locked-up SpaceX shares are now eligible to trade.

What happens next is far less certain.

→ Some investors worry the added supply could put further pressure on the stock if insiders decide to sell.
→ Others argue that, with shares trading below the $135 IPO price, many insiders may have little incentive to exit immediately.

Right now, nobody knows which force wins.

Cathie Wood’s purchase suggests she’s looking beyond the lockup itself—and betting the market is placing too much weight on a short-term technical event rather than the company’s long-term outlook.

Lesson Of The Day:

Was this email forwarded to you? Don’t miss out on future stories — subscribe using the button below.

Also, help your friends blossom this spring! Share us with them.

💬 We Want To Hear Your Story:

Got a market or stock you want us to analyze next?

Just drop your request in the comments here.

P.S. – If you no longer want to receive occasional emails from us and you want to unsubscribe, click here 👉 “Unsubscribe” . Thank you!

Perfect Timing?

Buying when everyone agrees is easy. Buying when almost nobody does is the real test.

Cathie Wood made several notable portfolio moves this week.

One came just as SpaceX was navigating one of its most difficult stretches since going public.

Another involved selling one of the market’s biggest winners.

Here’s what she bought, what she sold, and why both trades immediately drew attention.
⇩

SPONSOR BREAK presented by Brownstone*

Do this before November 3

For the last 78 years, one thing has predicted a bull market…

With 100% accuracy…

The midterm election.

It doesn’t matter which party wins.

Or what the economic conditions are.

In war and in peace…

The 12 months following a midterm election are the most profitable.

This midterm will be no different.

And I just caught Wall Street sneaking money into two stocks — ahead of the Nov. 3 election.
 

The Money Was Split Almost Perfectly.

Cathie Wood didn’t make one oversized bet.

She split almost $29 million between just two companies.

→ TSMC – $14.2M 
→ SpaceX – $14.5M 

One manufactures the world’s most advanced AI chips.

The other is rapidly becoming one of their biggest customers.

That pairing probably wasn’t an accident.

SPONSOR BREAK presented by OxfordClub*

Phase 2 of the AI Supercycle Has Arrived

Google’s DeepMind CEO says AI will be “10X bigger than the Industrial Revolution. And maybe 10X faster.”

Best-selling financial author Alexander Green has identified three companies positioned to soar.

He was right about Apple. In 1996. Under $1 a share.

He was right about Netflix. At $1.62.

He was right about Amazon. Under $2.

He warned his readers about the dot-com crash. One month before it peaked.

He warned about the housing crisis. Nine months before Lehman Brothers collapsed.

Now Alexander Green says the biggest wealth-creation event of his 40-year career is unfolding right now.

He calls it Phase 2 of the AI Supercycle.

And he’s identified three stocks he believes could dominate the next phase.

CLICK HERE TO FIND OUT IF HE’S RIGHT

It All Happened In 72 Hours↓

!!! Meanwhile… Amazon Went The Other Way.

✱ To help fund those purchases, ARK trimmed several positions—including roughly $1.1 million of Amazon.

Hours later, Amazon reported stronger-than-expected quarterly results.

The stock went on to reach a fresh all-time high.

The sale was small relative to ARK’s overall portfolio, but the timing is hard not to notice.
→ One trade added to a stock entering one of its most uncertain weeks.
→ The other reduced exposure to a company that dropped double digits two days late.

SPONSOR BREAK presented by MarketWise*

Trump: ‘You can’t fight it.’

President Trump just went on record: the AI data center buildout sweeping America is unstoppable. s Communities across the country have been pushing back – over rising electricity bills, strained water supplies, and projects landing next door to homes and schools. But the AI buildout isn’t slowing down. In fact, Elon Musk’s master plan – hidden inside SpaceX – avoids every obstacle. Analyst Rob Spivey says folks who understand what Elon is building – and why – could make a lot of money in the right stocks.

Get the name and ticker of the No. 1 stock at the center of it FREE (not Tesla or SpaceX).

A Rotation… Or Just Portfolio Management? 

✱ Every new position has to be funded somehow.

For ARK, that meant trimming a handful of familiar names.

One day’s trades don’t necessarily reveal a new investment strategy.

But the pattern is worth noticing.

ARK added to TSMC and SpaceX—two companies tied directly to building the physical infrastructure behind AI—while trimming positions in larger, more diversified technology companies.

Whether that’s a deliberate shift toward the AI “picks and shovels” layer or simply routine portfolio rebalancing isn’t clear.

Either way, the capital moved one step closer to the infrastructure powering the AI boom.

SPONSOR BREAK presented by MarketWise*

The Prophet’s” #1 Retirement Stock Right Now — Free

Whitney Tilson — the man CNBC calls “The Prophet,” twice featured on 60 Minutes — is revealing the name and ticker of what he calls America’s Greatest Retirement Stock.

Completely free.

It’s already outperformed Apple, Amazon, and the S&P 500 combined…

A billionaire put 60% of his $9 billion fund into it…

And Google’s former CEO just partnered with it directly.

Right now it’s trading at a rare discount.

>>> No email required. Get the name free.<<<

⚠️ Wood Bought Three “Broken” Names.

Cathie Wood’s latest purchases weren’t all beaten-down stocks.

But none of them were obvious, low-drama trades either.

The three charts look very different.

Nvidia remains one of the market’s strongest AI leaders, trading just 10% below its all-time high.

SpaceX and Circle, meanwhile, have both seen much of their early post-IPO excitement fade.

The common thread isn’t that all three are cheap.

It’s that Wood appears willing to buy while the market is still debating the story.

Circle’s case, briefly:

Circle’s business looks very different from its stock chart.

More than 95% of its revenue comes from interest earned on the Treasury bills backing its stablecoin reserves—a model that can actually benefit from interest rates staying higher for longer.

In other words, the stock’s decline has reflected changing investor sentiment far more than a collapse in the underlying business.

One Big Unknown Remains.

More than 900 million previously locked-up SpaceX shares are now eligible to trade.

What happens next is far less certain.

→ Some investors worry the added supply could put further pressure on the stock if insiders decide to sell.
→ Others argue that, with shares trading below the $135 IPO price, many insiders may have little incentive to exit immediately.

Right now, nobody knows which force wins.

Cathie Wood’s purchase suggests she’s looking beyond the lockup itself—and betting the market is placing too much weight on a short-term technical event rather than the company’s long-term outlook.

Lesson Of The Day:

Was this email forwarded to you? Don’t miss out on future stories — subscribe using the button below.

Also, help your friends blossom this spring! Share us with them.

💬 We Want To Hear Your Story:

Got a market or stock you want us to analyze next?

Just drop your request in the comments here.

P.S. – If you no longer want to receive occasional emails from us and you want to unsubscribe, click here 👉 “Unsubscribe” . Thank you!

Follow The Money.

One company’s expense is another company’s earnings.

SpaceX’s decision to more than double its AI capital spending rattled investors this week and helped send the stock sharply lower.

But that same $15.8 billion didn’t disappear.

It flowed into a growing network of companies building the power plants, turbines, electrical equipment, cooling systems, and infrastructure needed to support AI at unprecedented scale.

In other words, while investors were debating whether SpaceX was spending too much, someone else was reporting one of their best quarters.

Here’s who they are.⇩

SPONSOR BREAK presented by DealMaker*

The ‘Nvidia of Energy’ Has a $2.1T Opportunity

Nvidia’s valuation surged by 1,092% in just 3 years* when it became the backbone of AI. 

How? They became the indispensable backbone of Artificial Intelligence. But today, AI has a problem that Nvidia can’t fix. 

As AI data centers begin consuming more power than entire nations like Sweden or Argentina**, Frontieras North America’s patented technology reforms coal into high-value commodities like hydrogen and diesel without burning it. Since coal is one of America’s most abundant resources, this creates a clean, reliable source of baseload power, upgrading and expanding coal plants when the country needs it most. Under a White House that favors energy production on our home soil, it could unlock up to $2.1 Trillion in energy potential***. 

But that’s not even the best part. They’re doing it in what was once the heart of American industry: Appalachia. Their new land purchase in Mason County, West Virginia has earned praise from the state’s Governor Morrisey for its potential to transform the region back into an energy powerhouse. 

Here’s why you shouldn’t miss this last chance to invest at $9.01/share:

• “FASF” ticker reserved on the NASDAQ

• $850M flagship facility now being built

• Over $30 million raised-to-date from 12,000+ investors like you

After selling out their $25.7M raise in just months, they’re now qualified to raise $75 million. As a perfect storm of breakthroughs set up the company for potential growth, time’s running out to invest at the current price. 

Lock in the $9.01 share price before the window closes at 11:59 p.m. PT tonight.

Disclaimer: This is a paid advertisement for Frontieras’s Regulation A offering. Please read the offering circular at https://invest.frontieras.com/. Forward looking statements were included here that the Company believes to be accurate given the current information. They involve known and unknown risks, uncertainties and other important factors which if changed may affect the outcome(s). Reservation of the ticker symbol is not a guarantee that we will be listed on the NASDAQ.  Listing on the NASDAQ is subject to approvals. Under Regulation A+, a company has the ability to change its share price by up to 20%, without requalifying the offering with the SEC. Comparisons to other companies or investments are provided for informational purposes only and do not imply future performance.

Forty Percent Of What?

It’s easy to hear 20 gigawatts and move on.

It’s harder to ignore when you compare it to the entire U.S. power grid.

Last year, the United States added roughly 53 gigawatts of new generating capacity.

✱ SpaceX’s long-term target—20 gigawatts of power, cooling, and electrical infrastructure—is equivalent to nearly 40% of that.

Even Musk’s more conservative scenario of roughly 15 gigawatts would represent an extraordinary industrial buildout for a single company.

That’s why this story extends well beyond AI chips.

Before the GPUs arrive, someone has to build the electricity to run them.

Twice The Power. On Purpose.

SpaceX expects to have roughly 10 gigawatts of AI compute online by the end of next year. But Musk says the company is aiming for 20 gigawatts of power, cooling, and electrical infrastructure—twice as much.

Building power infrastructure ahead of compute demand is a deliberate hedge.

Power plants, substations, transformers, cooling systems, and electrical equipment can take years to plan and build. AI servers can be installed much faster once that foundation is in place.

→ The extra 10 gigawatts isn’t excess.

It’s a preview of how much infrastructure SpaceX expects to need—and how many orders suppliers could receive before the next wave of AI hardware even shows up.

SPONSOR BREAK presented by DealMaker*

The ‘Nvidia of Energy’ Has a $2.1T Opportunity

Nvidia’s valuation surged by 1,092% in just 3 years* when it became the backbone of AI. 

How? They became the indispensable backbone of Artificial Intelligence. But today, AI has a problem that Nvidia can’t fix. 

As AI data centers begin consuming more power than entire nations like Sweden or Argentina**, Frontieras North America’s patented technology reforms coal into high-value commodities like hydrogen and diesel without burning it. Since coal is one of America’s most abundant resources, this creates a clean, reliable source of baseload power, upgrading and expanding coal plants when the country needs it most. Under a White House that favors energy production on our home soil, it could unlock up to $2.1 Trillion in energy potential***. 

But that’s not even the best part. They’re doing it in what was once the heart of American industry: Appalachia. Their new land purchase in Mason County, West Virginia has earned praise from the state’s Governor Morrisey for its potential to transform the region back into an energy powerhouse. 

Here’s why you shouldn’t miss this last chance to invest at $9.01/share:

• “FASF” ticker reserved on the NASDAQ

• $850M flagship facility now being built

• Over $30 million raised-to-date from 12,000+ investors like you

After selling out their $25.7M raise in just months, they’re now qualified to raise $75 million. As a perfect storm of breakthroughs set up the company for potential growth, time’s running out to invest at the current price. 

Lock in the $9.01 share price before the window closes at 11:59 p.m. PT tonight.

Disclaimer: This is a paid advertisement for Frontieras’s Regulation A offering. Please read the offering circular at https://invest.frontieras.com/. Forward looking statements were included here that the Company believes to be accurate given the current information. They involve known and unknown risks, uncertainties and other important factors which if changed may affect the outcome(s). Reservation of the ticker symbol is not a guarantee that we will be listed on the NASDAQ.  Listing on the NASDAQ is subject to approvals. Under Regulation A+, a company has the ability to change its share price by up to 20%, without requalifying the offering with the SEC. Comparisons to other companies or investments are provided for informational purposes only and do not imply future performance.

Who Gets Paid↓

Building 20 gigawatts of AI infrastructure isn’t just about buying more GPUs.

It requires turbines, generators, transformers, cooling systems, natural gas, and enough electricity to power an entirely new generation of data centers.

That’s where these companies come in.

The chips may get the headlines.

These companies build everything that lets the chips turn on.

This Isn’t Speculation.

The orders were already showing up in earnings long before SpaceX confirmed its 20-gigawatt ambition.

→ None of these numbers were driven by SpaceX alone.

GE Vernova and Baker Hughes reported them before Musk outlined his 20-gigawatt target. The demand was already building as Microsoft, Amazon, Meta, Google, and other hyperscalers accelerated spending on AI infrastructure.

SpaceX just reinforces the trend.

That’s an important distinction. These suppliers aren’t relying on one customer or one company’s ambitions—they’re benefiting from a much broader buildout that now has another major buyer joining the queue.

And Then There’s Nvidia. 

While the power buildout will be shared across a long list of industrial suppliers, the compute side of the project has only one winner.

On Tuesday’s earnings call, Elon Musk confirmed that SpaceX will build its AI infrastructure exclusively on Nvidia’s systems, centered around the company’s Vera Rubin NVL72 platform for both terrestrial AI clusters and SpaceX’s planned orbital data centers.

The market noticed.

Nvidia shares climbed more than 4% on Wednesday, even as SpaceX fell more than 10% intraday before recovering some of those losses.

Building AI at this scale requires an entire industrial ecosystem.

But when it comes to the chips, SpaceX has already chosen its supplier.

The Revenue Explains The Spending.

The spending isn’t happening in a vacuum.

SpaceX says its AI revenue is being driven by cloud infrastructure agreements, growing Grok and X subscriptions, and large-scale capacity leases with Google and Anthropic, which use SpaceX’s infrastructure to power their own AI services.

✱ That’s the demand side of the equation.

✱ The 20-gigawatt buildout is the supply side.

As customers rent more compute, SpaceX needs more power, cooling, and electrical infrastructure to support it—and that’s where companies like GE Vernova, Baker Hughes, and the rest of the supply chain come in.

Lesson Of The Day:

Was this email forwarded to you? Don’t miss out on future stories — subscribe using the button below.

Also, help your friends blossom this spring! Share us with them.

💬 We Want To Hear Your Story:

Got a market or stock you want us to analyze next?

Just drop your request in the comments here. 

P.S. – If you no longer want to receive occasional emails from us and you want to unsubscribe, click here 👉 “Unsubscribe” . Thank you!

Follow The Money.

One company’s expense is another company’s earnings.

SpaceX’s decision to more than double its AI capital spending rattled investors this week and helped send the stock sharply lower.

But that same $15.8 billion didn’t disappear.

It flowed into a growing network of companies building the power plants, turbines, electrical equipment, cooling systems, and infrastructure needed to support AI at unprecedented scale.

In other words, while investors were debating whether SpaceX was spending too much, someone else was reporting one of their best quarters.

Here’s who they are.⇩

SPONSOR BREAK presented by DealMaker*

The ‘Nvidia of Energy’ Has a $2.1T Opportunity

Nvidia’s valuation surged by 1,092% in just 3 years* when it became the backbone of AI. 

How? They became the indispensable backbone of Artificial Intelligence. But today, AI has a problem that Nvidia can’t fix. 

As AI data centers begin consuming more power than entire nations like Sweden or Argentina**, Frontieras North America’s patented technology reforms coal into high-value commodities like hydrogen and diesel without burning it. Since coal is one of America’s most abundant resources, this creates a clean, reliable source of baseload power, upgrading and expanding coal plants when the country needs it most. Under a White House that favors energy production on our home soil, it could unlock up to $2.1 Trillion in energy potential***. 

But that’s not even the best part. They’re doing it in what was once the heart of American industry: Appalachia. Their new land purchase in Mason County, West Virginia has earned praise from the state’s Governor Morrisey for its potential to transform the region back into an energy powerhouse. 

Here’s why you shouldn’t miss this last chance to invest at $9.01/share:

• “FASF” ticker reserved on the NASDAQ

• $850M flagship facility now being built

• Over $30 million raised-to-date from 12,000+ investors like you

After selling out their $25.7M raise in just months, they’re now qualified to raise $75 million. As a perfect storm of breakthroughs set up the company for potential growth, time’s running out to invest at the current price. 

Lock in the $9.01 share price before the window closes at 11:59 p.m. PT tonight.

Disclaimer: This is a paid advertisement for Frontieras’s Regulation A offering. Please read the offering circular at https://invest.frontieras.com/. Forward looking statements were included here that the Company believes to be accurate given the current information. They involve known and unknown risks, uncertainties and other important factors which if changed may affect the outcome(s). Reservation of the ticker symbol is not a guarantee that we will be listed on the NASDAQ.  Listing on the NASDAQ is subject to approvals. Under Regulation A+, a company has the ability to change its share price by up to 20%, without requalifying the offering with the SEC. Comparisons to other companies or investments are provided for informational purposes only and do not imply future performance.

Forty Percent Of What?

It’s easy to hear 20 gigawatts and move on.

It’s harder to ignore when you compare it to the entire U.S. power grid.

Last year, the United States added roughly 53 gigawatts of new generating capacity.

✱ SpaceX’s long-term target—20 gigawatts of power, cooling, and electrical infrastructure—is equivalent to nearly 40% of that.

Even Musk’s more conservative scenario of roughly 15 gigawatts would represent an extraordinary industrial buildout for a single company.

That’s why this story extends well beyond AI chips.

Before the GPUs arrive, someone has to build the electricity to run them.

Twice The Power. On Purpose.

SpaceX expects to have roughly 10 gigawatts of AI compute online by the end of next year. But Musk says the company is aiming for 20 gigawatts of power, cooling, and electrical infrastructure—twice as much.

Building power infrastructure ahead of compute demand is a deliberate hedge.

Power plants, substations, transformers, cooling systems, and electrical equipment can take years to plan and build. AI servers can be installed much faster once that foundation is in place.

→ The extra 10 gigawatts isn’t excess.

It’s a preview of how much infrastructure SpaceX expects to need—and how many orders suppliers could receive before the next wave of AI hardware even shows up.

SPONSOR BREAK presented by DealMaker*

The ‘Nvidia of Energy’ Has a $2.1T Opportunity

Nvidia’s valuation surged by 1,092% in just 3 years* when it became the backbone of AI. 

How? They became the indispensable backbone of Artificial Intelligence. But today, AI has a problem that Nvidia can’t fix. 

As AI data centers begin consuming more power than entire nations like Sweden or Argentina**, Frontieras North America’s patented technology reforms coal into high-value commodities like hydrogen and diesel without burning it. Since coal is one of America’s most abundant resources, this creates a clean, reliable source of baseload power, upgrading and expanding coal plants when the country needs it most. Under a White House that favors energy production on our home soil, it could unlock up to $2.1 Trillion in energy potential***. 

But that’s not even the best part. They’re doing it in what was once the heart of American industry: Appalachia. Their new land purchase in Mason County, West Virginia has earned praise from the state’s Governor Morrisey for its potential to transform the region back into an energy powerhouse. 

Here’s why you shouldn’t miss this last chance to invest at $9.01/share:

• “FASF” ticker reserved on the NASDAQ

• $850M flagship facility now being built

• Over $30 million raised-to-date from 12,000+ investors like you

After selling out their $25.7M raise in just months, they’re now qualified to raise $75 million. As a perfect storm of breakthroughs set up the company for potential growth, time’s running out to invest at the current price. 

Lock in the $9.01 share price before the window closes at 11:59 p.m. PT tonight.

Disclaimer: This is a paid advertisement for Frontieras’s Regulation A offering. Please read the offering circular at https://invest.frontieras.com/. Forward looking statements were included here that the Company believes to be accurate given the current information. They involve known and unknown risks, uncertainties and other important factors which if changed may affect the outcome(s). Reservation of the ticker symbol is not a guarantee that we will be listed on the NASDAQ.  Listing on the NASDAQ is subject to approvals. Under Regulation A+, a company has the ability to change its share price by up to 20%, without requalifying the offering with the SEC. Comparisons to other companies or investments are provided for informational purposes only and do not imply future performance.

Who Gets Paid↓

Building 20 gigawatts of AI infrastructure isn’t just about buying more GPUs.

It requires turbines, generators, transformers, cooling systems, natural gas, and enough electricity to power an entirely new generation of data centers.

That’s where these companies come in.

The chips may get the headlines.

These companies build everything that lets the chips turn on.

This Isn’t Speculation.

The orders were already showing up in earnings long before SpaceX confirmed its 20-gigawatt ambition.

→ None of these numbers were driven by SpaceX alone.

GE Vernova and Baker Hughes reported them before Musk outlined his 20-gigawatt target. The demand was already building as Microsoft, Amazon, Meta, Google, and other hyperscalers accelerated spending on AI infrastructure.

SpaceX just reinforces the trend.

That’s an important distinction. These suppliers aren’t relying on one customer or one company’s ambitions—they’re benefiting from a much broader buildout that now has another major buyer joining the queue.

And Then There’s Nvidia. 

While the power buildout will be shared across a long list of industrial suppliers, the compute side of the project has only one winner.

On Tuesday’s earnings call, Elon Musk confirmed that SpaceX will build its AI infrastructure exclusively on Nvidia’s systems, centered around the company’s Vera Rubin NVL72 platform for both terrestrial AI clusters and SpaceX’s planned orbital data centers.

The market noticed.

Nvidia shares climbed more than 4% on Wednesday, even as SpaceX fell more than 10% intraday before recovering some of those losses.

Building AI at this scale requires an entire industrial ecosystem.

But when it comes to the chips, SpaceX has already chosen its supplier.

The Revenue Explains The Spending.

The spending isn’t happening in a vacuum.

SpaceX says its AI revenue is being driven by cloud infrastructure agreements, growing Grok and X subscriptions, and large-scale capacity leases with Google and Anthropic, which use SpaceX’s infrastructure to power their own AI services.

✱ That’s the demand side of the equation.

✱ The 20-gigawatt buildout is the supply side.

As customers rent more compute, SpaceX needs more power, cooling, and electrical infrastructure to support it—and that’s where companies like GE Vernova, Baker Hughes, and the rest of the supply chain come in.

Lesson Of The Day:

Was this email forwarded to you? Don’t miss out on future stories — subscribe using the button below.

Also, help your friends blossom this spring! Share us with them.

💬 We Want To Hear Your Story:

Got a market or stock you want us to analyze next?

Just drop your request in the comments here. 

P.S. – If you no longer want to receive occasional emails from us and you want to unsubscribe, click here 👉 “Unsubscribe” . Thank you!

Yesterday’s Clue…

Yesterday we told you about a mystery buyer sitting on $20 million in SpaceX calls betting on a near-triple by Friday, and the leading theory was that it was quiet insurance, not a real bet.

This morning, that insurance policy is looking less paranoid and more prophetic.

Here’s the full picture. ⇩

SPONSOR BREAK presented by DealMaker*

Unlocking $2.1 Trillion in Energy Potential.

One company has developed a technology that extracts valuable resources from coal without burning it. From hydrogen to diesel, fertilizer, and more, Frontieras North America has the potential to address $2.1Trillion in annual markets*.

The company has patented a way to turn coal into five high-value commodities including diesel, hydrogen, and fertilizer without burning it. Every ton their $850 million West Virginia facility will produce is already sold, locked in under 10-year agreements before the plant is even finished. That’s contracted revenue. 

Add patents in 9 countries covering 85% of the global coal market, and there’s no one positioned to compete with them for that demand. Every piece that’s usually spotted too late is in place. 

 Frontieras just locked in its Nasdaq ticker, “FASF,” and the opportunity to invest is open.

Tomorrow’s the last day to become a Frontieras investor at the current $9.01 share price.

Disclaimer: This is a paid advertisement for Frontieras’s Regulation A offering. Please read the offering circular at https://invest.frontieras.com/. Forward looking statements were included here that the Company believes to be accurate given the current information. They involve known and unknown risks, uncertainties and other important factors which if changed may affect the outcome(s). Reservation of the ticker symbol is not a guarantee that we will be listed on the NASDAQ.  Listing on the NASDAQ is subject to approvals. Under Regulation A+, a company has the ability to change its share price by up to 20%, without requalifying the offering with the SEC.

One Number Changed The Entire Quarter.

SpaceX’s first earnings report as a public company checked almost every box.

Revenue reached $7.81 billion, up 92% year over year and comfortably ahead of Wall Street’s $6.82 billion estimate. AI revenue surged 247%. Starlink revenue climbed 67%. Launch revenue grew 29%. Even the net loss narrowed to $541 million.

By almost any conventional measure, it was a strong quarter.

The stock still fell as much as 12%.

The reason wasn’t hidden in the headline figures. It was buried a few pages deeper.

AI capital expenditures more than doubled—from $7.7 billion in the first quarter to $15.8 billion in the second—bringing total quarterly capital spending to $18.37 billion.

Investors didn’t hear “we grew 92%.” They heard “we’re now spending like a company that grew 900%” — and started doing uncomfortable math on free cash flow.

Turns out beating earnings and reassuring the market are two completely different jobs, and SpaceX only managed one of them.

Good News. Bad Timing.

Today’s earnings weren’t the only thing investors were pricing.

✱  Tomorrow, SpaceX’s first post-IPO lockup expires, potentially increasing the company’s tradable share count by more than 140% as insider shares become eligible for sale.

That doesn’t mean insiders will rush to sell.

It does mean the market suddenly has to consider the possibility of a much larger supply of shares—at the same time investors are already debating whether SpaceX’s accelerating AI spending will ultimately pay off.

→ Add it up: a revenue beat nobody trusts yet, a capex number that spooked the room, and a supply of fresh shares about to flood in. Even a great quarter doesn’t survive that combination unscathed.

SPONSOR BREAK presented by DealMaker*

Unlocking $2.1 Trillion in Energy Potential.

One company has developed a technology that extracts valuable resources from coal without burning it. From hydrogen to diesel, fertilizer, and more, Frontieras North America has the potential to address $2.1Trillion in annual markets*.

The company has patented a way to turn coal into five high-value commodities including diesel, hydrogen, and fertilizer without burning it. Every ton their $850 million West Virginia facility will produce is already sold, locked in under 10-year agreements before the plant is even finished. That’s contracted revenue. 

Add patents in 9 countries covering 85% of the global coal market, and there’s no one positioned to compete with them for that demand. Every piece that’s usually spotted too late is in place. 

 Frontieras just locked in its Nasdaq ticker, “FASF,” and the opportunity to invest is open.

Tomorrow’s the last day to become a Frontieras investor at the current $9.01 share price.

Disclaimer: This is a paid advertisement for Frontieras’s Regulation A offering. Please read the offering circular at https://invest.frontieras.com/. Forward looking statements were included here that the Company believes to be accurate given the current information. They involve known and unknown risks, uncertainties and other important factors which if changed may affect the outcome(s). Reservation of the ticker symbol is not a guarantee that we will be listed on the NASDAQ.  Listing on the NASDAQ is subject to approvals. Under Regulation A+, a company has the ability to change its share price by up to 20%, without requalifying the offering with the SEC.

140%↓

Every earnings reaction has one number doing the heavy lifting. This time it isn’t a revenue figure or a stock move. It’s 140% — the potential jump in tradable share supply once tomorrow’s lockup expiration hits.

That’s the number quietly explaining why bulls and bears are both technically right at the same time. The business grew. The float is about to grow faster. Two true things pulling in opposite directions is exactly the kind of stock that makes everyone a little too confident in their own read.

Four Opinions.

Analysts walked away from SpaceX’s first earnings report with one clear takeaway: the quarter was strong.

What they couldn’t agree on was what the company is worth.

→ Bank of America reiterated its Buy rating with a $235 price target, saying it had become even more positive on SpaceX’s positioning.
→ JPMorgan raised its target to $240, pointing to management’s goal of reaching a $100 billion AI annual revenue run rate by the end of 2026 and $1 trillion in total revenue by 2030.

Not everyone shared that optimism.

→ Wells Fargo trimmed its target to $215, while keeping an Overweight rating.
→ Piper Sandler cut its target to $140, citing the prospect of $65 billion in 2027 capital spending and the fact that many of SpaceX’s AI cloud contracts remain cancelable.

That’s a $100 gap in price targets—on the same earnings report.

Meanwhile, the broader space sector barely reacted. Rocket Lab fell roughly 1%, while most peers finished down only low single digits.

The Rest of The Sector Barely Flinched. 

SpaceX’s selloff didn’t spread across the rest of the sector.

While SpaceX fell more than 8%, Rocket Lab, AST SpaceMobile, Virgin Galactic, Planet Labs, Intuitive Machines, and the Procure Space ETF all finished down less than 5%.

That divergence suggests investors were reacting to company-specific issues—namely SpaceX’s accelerating AI investment and tomorrow’s lockup expiration—rather than reassessing the space industry as a whole.

Polymarket still places a 57.5% probability on SpaceX closing above $100 by the end of August, a reminder that traders remain divided on whether today’s selloff marks a lasting shift or simply a short-term reaction.

The Debate.

Nobody is questioning whether SpaceX is growing.

The debate is whether today’s extraordinary investment eventually produces extraordinary returns—and whether Starlink, now with more than 12 million subscribers and still the company’s primary source of profitability, can support that investment while the rest of the business continues to scale.

✱ Tomorrow brings the next test.

Lesson Of The Day:

Was this email forwarded to you? Don’t miss out on future stories — subscribe using the button below.

Also, help your friends blossom this spring! Share us with them.

💬 We Want To Hear Your Story:

Got a market or stock you want us to analyze next?

Just drop your request in the comments here.

P.S. – If you no longer want to receive occasional emails from us and you want to unsubscribe, click here 👉 “Unsubscribe” . Thank you!

Yesterday’s Clue…

Yesterday we told you about a mystery buyer sitting on $20 million in SpaceX calls betting on a near-triple by Friday, and the leading theory was that it was quiet insurance, not a real bet.

This morning, that insurance policy is looking less paranoid and more prophetic.

Here’s the full picture. ⇩

SPONSOR BREAK presented by DealMaker*

Unlocking $2.1 Trillion in Energy Potential.

One company has developed a technology that extracts valuable resources from coal without burning it. From hydrogen to diesel, fertilizer, and more, Frontieras North America has the potential to address $2.1Trillion in annual markets*.

The company has patented a way to turn coal into five high-value commodities including diesel, hydrogen, and fertilizer without burning it. Every ton their $850 million West Virginia facility will produce is already sold, locked in under 10-year agreements before the plant is even finished. That’s contracted revenue. 

Add patents in 9 countries covering 85% of the global coal market, and there’s no one positioned to compete with them for that demand. Every piece that’s usually spotted too late is in place. 

 Frontieras just locked in its Nasdaq ticker, “FASF,” and the opportunity to invest is open.

Tomorrow’s the last day to become a Frontieras investor at the current $9.01 share price.

Disclaimer: This is a paid advertisement for Frontieras’s Regulation A offering. Please read the offering circular at https://invest.frontieras.com/. Forward looking statements were included here that the Company believes to be accurate given the current information. They involve known and unknown risks, uncertainties and other important factors which if changed may affect the outcome(s). Reservation of the ticker symbol is not a guarantee that we will be listed on the NASDAQ.  Listing on the NASDAQ is subject to approvals. Under Regulation A+, a company has the ability to change its share price by up to 20%, without requalifying the offering with the SEC.

One Number Changed The Entire Quarter.

SpaceX’s first earnings report as a public company checked almost every box.

Revenue reached $7.81 billion, up 92% year over year and comfortably ahead of Wall Street’s $6.82 billion estimate. AI revenue surged 247%. Starlink revenue climbed 67%. Launch revenue grew 29%. Even the net loss narrowed to $541 million.

By almost any conventional measure, it was a strong quarter.

The stock still fell as much as 12%.

The reason wasn’t hidden in the headline figures. It was buried a few pages deeper.

AI capital expenditures more than doubled—from $7.7 billion in the first quarter to $15.8 billion in the second—bringing total quarterly capital spending to $18.37 billion.

Investors didn’t hear “we grew 92%.” They heard “we’re now spending like a company that grew 900%” — and started doing uncomfortable math on free cash flow.

Turns out beating earnings and reassuring the market are two completely different jobs, and SpaceX only managed one of them.

Good News. Bad Timing.

Today’s earnings weren’t the only thing investors were pricing.

✱  Tomorrow, SpaceX’s first post-IPO lockup expires, potentially increasing the company’s tradable share count by more than 140% as insider shares become eligible for sale.

That doesn’t mean insiders will rush to sell.

It does mean the market suddenly has to consider the possibility of a much larger supply of shares—at the same time investors are already debating whether SpaceX’s accelerating AI spending will ultimately pay off.

→ Add it up: a revenue beat nobody trusts yet, a capex number that spooked the room, and a supply of fresh shares about to flood in. Even a great quarter doesn’t survive that combination unscathed.

SPONSOR BREAK presented by DealMaker*

Unlocking $2.1 Trillion in Energy Potential.

One company has developed a technology that extracts valuable resources from coal without burning it. From hydrogen to diesel, fertilizer, and more, Frontieras North America has the potential to address $2.1Trillion in annual markets*.

The company has patented a way to turn coal into five high-value commodities including diesel, hydrogen, and fertilizer without burning it. Every ton their $850 million West Virginia facility will produce is already sold, locked in under 10-year agreements before the plant is even finished. That’s contracted revenue. 

Add patents in 9 countries covering 85% of the global coal market, and there’s no one positioned to compete with them for that demand. Every piece that’s usually spotted too late is in place. 

 Frontieras just locked in its Nasdaq ticker, “FASF,” and the opportunity to invest is open.

Tomorrow’s the last day to become a Frontieras investor at the current $9.01 share price.

Disclaimer: This is a paid advertisement for Frontieras’s Regulation A offering. Please read the offering circular at https://invest.frontieras.com/. Forward looking statements were included here that the Company believes to be accurate given the current information. They involve known and unknown risks, uncertainties and other important factors which if changed may affect the outcome(s). Reservation of the ticker symbol is not a guarantee that we will be listed on the NASDAQ.  Listing on the NASDAQ is subject to approvals. Under Regulation A+, a company has the ability to change its share price by up to 20%, without requalifying the offering with the SEC.

140%↓

Every earnings reaction has one number doing the heavy lifting. This time it isn’t a revenue figure or a stock move. It’s 140% — the potential jump in tradable share supply once tomorrow’s lockup expiration hits.

That’s the number quietly explaining why bulls and bears are both technically right at the same time. The business grew. The float is about to grow faster. Two true things pulling in opposite directions is exactly the kind of stock that makes everyone a little too confident in their own read.

Four Opinions.

Analysts walked away from SpaceX’s first earnings report with one clear takeaway: the quarter was strong.

What they couldn’t agree on was what the company is worth.

→ Bank of America reiterated its Buy rating with a $235 price target, saying it had become even more positive on SpaceX’s positioning.
→ JPMorgan raised its target to $240, pointing to management’s goal of reaching a $100 billion AI annual revenue run rate by the end of 2026 and $1 trillion in total revenue by 2030.

Not everyone shared that optimism.

→ Wells Fargo trimmed its target to $215, while keeping an Overweight rating.
→ Piper Sandler cut its target to $140, citing the prospect of $65 billion in 2027 capital spending and the fact that many of SpaceX’s AI cloud contracts remain cancelable.

That’s a $100 gap in price targets—on the same earnings report.

Meanwhile, the broader space sector barely reacted. Rocket Lab fell roughly 1%, while most peers finished down only low single digits.

The Rest of The Sector Barely Flinched. 

SpaceX’s selloff didn’t spread across the rest of the sector.

While SpaceX fell more than 8%, Rocket Lab, AST SpaceMobile, Virgin Galactic, Planet Labs, Intuitive Machines, and the Procure Space ETF all finished down less than 5%.

That divergence suggests investors were reacting to company-specific issues—namely SpaceX’s accelerating AI investment and tomorrow’s lockup expiration—rather than reassessing the space industry as a whole.

Polymarket still places a 57.5% probability on SpaceX closing above $100 by the end of August, a reminder that traders remain divided on whether today’s selloff marks a lasting shift or simply a short-term reaction.

The Debate.

Nobody is questioning whether SpaceX is growing.

The debate is whether today’s extraordinary investment eventually produces extraordinary returns—and whether Starlink, now with more than 12 million subscribers and still the company’s primary source of profitability, can support that investment while the rest of the business continues to scale.

✱ Tomorrow brings the next test.

Lesson Of The Day:

Was this email forwarded to you? Don’t miss out on future stories — subscribe using the button below.

Also, help your friends blossom this spring! Share us with them.

💬 We Want To Hear Your Story:

Got a market or stock you want us to analyze next?

Just drop your request in the comments here.

P.S. – If you no longer want to receive occasional emails from us and you want to unsubscribe, click here 👉 “Unsubscribe” . Thank you!

A Trade So Unusual.

SpaceX reported its first-ever earnings tonight. Revenue beat, EBITDA beat, and the AI segment’s operating loss came in smaller than feared

Hours before the numbers dropped, someone built a $20 million options position on a strike price almost nobody thinks the stock will hit — unless it was never meant to be a bet on the stock at all.

SpaceX traded around $125 today. That strike requires the stock to nearly triple in four trading days.

Nobody knows who’s behind it.

Here’s the full picture. ⇩

SPONSOR BREAK presented by MarketWise*

Trump: ‘You can’t fight it.’

President Trump just went on record: the AI data center buildout sweeping America is unstoppable. s Communities across the country have been pushing back – over rising electricity bills, strained water supplies, and projects landing next door to homes and schools. But the AI buildout isn’t slowing down. In fact, Elon Musk’s master plan – hidden inside SpaceX – avoids every obstacle. Analyst Rob Spivey says folks who understand what Elon is building – and why – could make a lot of money in the right stocks.

Get the name and ticker of the No. 1 stock at the center of it FREE (not Tesla or SpaceX).

The Mystery.

Somebody — or some desk — has built up nearly $20 million in notional exposure on SPCX $330-strike calls expiring this Friday, August 7.

For that bet to pay off, the stock needs to nearly triple from around $119.59 in four trading days. Four. Not four months. Four days.

For context, that’s the kind of strike price you’d normally see traded by accident, or by someone who fat-fingered a zero.

Except this wasn’t one buyer on one bad Tuesday — it’s more than 450,000 open positions, at least seven times the volume of the next most popular contract on the whole chain.

On Monday alone, roughly 90,000 contracts changed hands across hundreds of separate transactions. Whoever this is, they’ve been quietly, patiently, unbothered-ly buying since before anyone noticed.

That’s not how retail trades…

SPONSOR BREAK presented by MarketWise*

The Prophet’s” #1 Retirement Stock Right Now — Free

Whitney Tilson — the man CNBC calls “The Prophet,” twice featured on 60 Minutes — is revealing the name and ticker of what he calls America’s Greatest Retirement Stock.

Completely free.

It’s already outperformed Apple, Amazon, and the S&P 500 combined…

A billionaire put 60% of his $9 billion fund into it…

And Google’s former CEO just partnered with it directly.

Right now it’s trading at a rare discount.

>>> No email required. Get the name free.<<<

Who it isn’t — and the leading theory for who it is.

SpotGamma founder Brent Kochuba looked at the flow and ruled out the usual suspects one by one:
→ not retail,
→ not a hedge fund,
→ not a market-maker.

What’s left points somewhere more institutional: a bank hedging something else entirely, using SpaceX calls as cheap protection against a short position or a structured product tied to the stock.

SPONSOR BREAK presented by Brownstone*

Try out Musk’s new AI agent – before his big announcement

Elon just created a device he believes will be “the biggest product ever.”

He thinks it could 70x investors’ money.

And he’s about to make a major announcement…

By the end of this month.

Maybe even tomorrow on X.

He’s going to make this game-changing device available to the public for the first time.

He has to sell 1 million to become a trillionaire.

Would you bet against him?

Click here to find out how you can claim a stake in this 70x AI agent.
 

It’s Not a Bet, It’s Insurance ↓

✱ Almost nobody expects SPCX to reach $330 by Friday.

Instead, the leading theory is that someone needed a very cheap lottery ticket to protect against the unlikely, catastrophic version of this week—and the $330 calls were the bargain-bin way to buy it.

That explanation also fits the math.

Jay Pestrichelli of Tidal Financial Group, which oversees roughly $60 billion, noted the trade doesn’t need SpaceX anywhere near $330 to work. A rally to around $215 by Wednesday morning, paired with the right volatility spike, could already make the position profitable.

!!! Suddenly, the $330 strike looks less like a moonshot and more like the bargain bin. When you’re buying protection instead of making a prediction, the cheapest options are often the ones furthest out of the money.

SPONSOR BREAK presented by Brownstone*

New Patent Reveals Elon Musk’s Next Breakthrough: M.A.G.I.

This new form of AI could create so much wealth that Elon Musk calls it “an infinite money glitch.”

The CEO of Nvidia, Jensen Huang, is on record predicting this will be “the next wave” of the AI boom…

And that it will launch “the next multi-trillion-dollar industry.”

Which is why Jeff Brown is recommending this little-known Elon Musk supplier that’s at the center of this revolution.

⚠️ Why The Highest Strike Is The Giveaway.

Think of an option as buying the right to purchase a stock at a specific price before a certain date.

The further that price sits above today’s stock price, the less likely the market believes it is to happen before the option expires. Because the odds are lower, the option costs less.

That’s why the $330 calls were among the cheapest on the board. The market simply didn’t expect SpaceX to get anywhere close.

But if your goal is to insure against an unlikely, high-impact move, that’s exactly what makes them attractive. You’re not paying for the most likely outcome—you’re paying for protection against the one almost nobody expects.

In that context, the $330 strike isn’t necessarily a prediction. It’s simply the cheapest way to buy that insurance.

The Number You’ll Remember: 133

One number explains why this trade even exists.

133.

That’s SpaceX’s implied volatility—a measure of how much the options market expects the stock to move. At 133, it’s higher than almost every stock in the S&P 500, second only to SanDisk. The options market is effectively pricing in a 14% move on earnings alone.

When traders expect a stock to swing that violently, even far-away strike prices become more valuable. A $330 call still looks unlikely to finish in the money, but it doesn’t have to. If volatility jumps or the stock makes a much bigger-than-expected move, the option itself can rise sharply in value long before expiration.

That’s why the $330 strike isn’t necessarily the story.

The volatility is.

Lesson Of The Day:

Was this email forwarded to you? Don’t miss out on future stories — subscribe using the button below.

Also, help your friends blossom this spring! Share us with them.

💬 We Want To Hear Your Story:

Got a market or stock you want us to analyze next?

Just drop your request in the comments here.

P.S. – If you no longer want to receive occasional emails from us and you want to unsubscribe, click here 👉 “Unsubscribe” . Thank you!

A Trade So Unusual.

SpaceX reported its first-ever earnings tonight. Revenue beat, EBITDA beat, and the AI segment’s operating loss came in smaller than feared

Hours before the numbers dropped, someone built a $20 million options position on a strike price almost nobody thinks the stock will hit — unless it was never meant to be a bet on the stock at all.

SpaceX traded around $125 today. That strike requires the stock to nearly triple in four trading days.

Nobody knows who’s behind it.

Here’s the full picture. ⇩

SPONSOR BREAK presented by MarketWise*

Trump: ‘You can’t fight it.’

President Trump just went on record: the AI data center buildout sweeping America is unstoppable. s Communities across the country have been pushing back – over rising electricity bills, strained water supplies, and projects landing next door to homes and schools. But the AI buildout isn’t slowing down. In fact, Elon Musk’s master plan – hidden inside SpaceX – avoids every obstacle. Analyst Rob Spivey says folks who understand what Elon is building – and why – could make a lot of money in the right stocks.

Get the name and ticker of the No. 1 stock at the center of it FREE (not Tesla or SpaceX).

The Mystery.

Somebody — or some desk — has built up nearly $20 million in notional exposure on SPCX $330-strike calls expiring this Friday, August 7.

For that bet to pay off, the stock needs to nearly triple from around $119.59 in four trading days. Four. Not four months. Four days.

For context, that’s the kind of strike price you’d normally see traded by accident, or by someone who fat-fingered a zero.

Except this wasn’t one buyer on one bad Tuesday — it’s more than 450,000 open positions, at least seven times the volume of the next most popular contract on the whole chain.

On Monday alone, roughly 90,000 contracts changed hands across hundreds of separate transactions. Whoever this is, they’ve been quietly, patiently, unbothered-ly buying since before anyone noticed.

That’s not how retail trades…

SPONSOR BREAK presented by MarketWise*

The Prophet’s” #1 Retirement Stock Right Now — Free

Whitney Tilson — the man CNBC calls “The Prophet,” twice featured on 60 Minutes — is revealing the name and ticker of what he calls America’s Greatest Retirement Stock.

Completely free.

It’s already outperformed Apple, Amazon, and the S&P 500 combined…

A billionaire put 60% of his $9 billion fund into it…

And Google’s former CEO just partnered with it directly.

Right now it’s trading at a rare discount.

>>> No email required. Get the name free.<<<

Who it isn’t — and the leading theory for who it is.

SpotGamma founder Brent Kochuba looked at the flow and ruled out the usual suspects one by one:
→ not retail,
→ not a hedge fund,
→ not a market-maker.

What’s left points somewhere more institutional: a bank hedging something else entirely, using SpaceX calls as cheap protection against a short position or a structured product tied to the stock.

SPONSOR BREAK presented by Brownstone*

Try out Musk’s new AI agent – before his big announcement

Elon just created a device he believes will be “the biggest product ever.”

He thinks it could 70x investors’ money.

And he’s about to make a major announcement…

By the end of this month.

Maybe even tomorrow on X.

He’s going to make this game-changing device available to the public for the first time.

He has to sell 1 million to become a trillionaire.

Would you bet against him?

Click here to find out how you can claim a stake in this 70x AI agent.
 

It’s Not a Bet, It’s Insurance ↓

✱ Almost nobody expects SPCX to reach $330 by Friday.

Instead, the leading theory is that someone needed a very cheap lottery ticket to protect against the unlikely, catastrophic version of this week—and the $330 calls were the bargain-bin way to buy it.

That explanation also fits the math.

Jay Pestrichelli of Tidal Financial Group, which oversees roughly $60 billion, noted the trade doesn’t need SpaceX anywhere near $330 to work. A rally to around $215 by Wednesday morning, paired with the right volatility spike, could already make the position profitable.

!!! Suddenly, the $330 strike looks less like a moonshot and more like the bargain bin. When you’re buying protection instead of making a prediction, the cheapest options are often the ones furthest out of the money.

SPONSOR BREAK presented by Brownstone*

New Patent Reveals Elon Musk’s Next Breakthrough: M.A.G.I.

This new form of AI could create so much wealth that Elon Musk calls it “an infinite money glitch.”

The CEO of Nvidia, Jensen Huang, is on record predicting this will be “the next wave” of the AI boom…

And that it will launch “the next multi-trillion-dollar industry.”

Which is why Jeff Brown is recommending this little-known Elon Musk supplier that’s at the center of this revolution.

⚠️ Why The Highest Strike Is The Giveaway.

Think of an option as buying the right to purchase a stock at a specific price before a certain date.

The further that price sits above today’s stock price, the less likely the market believes it is to happen before the option expires. Because the odds are lower, the option costs less.

That’s why the $330 calls were among the cheapest on the board. The market simply didn’t expect SpaceX to get anywhere close.

But if your goal is to insure against an unlikely, high-impact move, that’s exactly what makes them attractive. You’re not paying for the most likely outcome—you’re paying for protection against the one almost nobody expects.

In that context, the $330 strike isn’t necessarily a prediction. It’s simply the cheapest way to buy that insurance.

The Number You’ll Remember: 133

One number explains why this trade even exists.

133.

That’s SpaceX’s implied volatility—a measure of how much the options market expects the stock to move. At 133, it’s higher than almost every stock in the S&P 500, second only to SanDisk. The options market is effectively pricing in a 14% move on earnings alone.

When traders expect a stock to swing that violently, even far-away strike prices become more valuable. A $330 call still looks unlikely to finish in the money, but it doesn’t have to. If volatility jumps or the stock makes a much bigger-than-expected move, the option itself can rise sharply in value long before expiration.

That’s why the $330 strike isn’t necessarily the story.

The volatility is.

Lesson Of The Day:

Was this email forwarded to you? Don’t miss out on future stories — subscribe using the button below.

Also, help your friends blossom this spring! Share us with them.

💬 We Want To Hear Your Story:

Got a market or stock you want us to analyze next?

Just drop your request in the comments here.

P.S. – If you no longer want to receive occasional emails from us and you want to unsubscribe, click here 👉 “Unsubscribe” . Thank you!