The AI IPO wave is about to begin. SpaceX is expected to hit public markets first. OpenAI appears to be next. Anthropic is expected to follow shortly after. At first glance, that may not sound important. But on Wall Street, timing matters. Investors don’t have unlimited cash sitting on the sidelines waiting for every opportunity. When a major IPO arrives, many investors sell existing positions, rebalance portfolios, and move money around to make room for the new investment. That creates an interesting situation. The first company gets access to the freshest capital. The second gets...

The Martian Chronicles 76 years later Last night, Wall Street hosted what may have been the most ambitious pitch in modern financial history. The setting was JPMorgan’s Manhattan headquarters. A rocket sculpture stood in the lobby. Space rocks and meteorite fragments lined the room. Across the city, Bank of America lit its tower to resemble a rocket launch, while Goldman Sachs filled its lobby screens with launch footage. More than 350 investors attended. Maye Musk, Elon’s mother, opened the evening with a few remarks. Then JPMorgan CEO Jamie Dimon introduced Musk as “the...

Goldman Sachs is everywhere… If there’s one person with a front-row seat to the AI capital boom, it’s Goldman Sachs CEO David Solomon. His bank is leading the SpaceX IPO, helped place Alphabet‘s record-breaking $80 billion capital raise, and is competing for future mandates tied to Anthropic and OpenAI. So when Solomon was asked how he views the current environment, his answer was simple: “We are definitely in a moment where there’s more greed than there is fear.“ Then he paused and added: “It can turn quickly. That doesn’t mean it will.“ Bull...

Final countdown… SpaceX goes public on June 12. The biggest IPO in history. A potential $2 trillion valuation that would dwarf Saudi Aramco’s record. Up to 30% for retail investors. $135 per share. $75 billion raise. 90x revenue multiple. Published a price a week early. Traditional IPOs set a price range only after the roadshow — using investor feedback to arrive at a number. SpaceX published $135 before the roadshow even started. Almost no major US IPO has done this. But markets do not wait for IPO day.  Capital has been moving into the space sector since the S-1 went public on...

Not Very Buffett-Like Ever since Buffett handed over the keys, investors have been waiting for the first real glimpse of Berkshire after Buffett. That glimpse arrived Monday. Berkshire spent $8.5 billion to acquire Taylor Morrison, one of the country’s largest homebuilders. 2% Of Berkshire’s Cash. The deal itself isn’t surprising. What it may reveal about Greg Abel’s vision for Berkshire is. Here is the story ⇩ SPONSOR BREAK presented by BrownstoneResearch* I’m about to do a live demonstration. Of Elon Musk’s latest genius invention. It’s an AI agent… Perhaps...

Back From The Dead. Remember when these companies were considered washed up? They were the Magnificent Seven of their era. They defined the dot-com boom, crashed spectacularly when it burst, and spent the next two decades as cautionary tales about hype and overvaluation. Some lost 98% of their value. One went private for five years. Now they are back. Not as nostalgia plays but as AI infrastructure stocks. And they are outperforming almost everything. Here is the story ⇩ SPONSOR BREAK presented by BrownstoneResearch* I’m about to do a live demonstration. Of Elon Musk’s latest genius...

$965 Billion. Why Investors Keep Pouring Money Into Anthropic. Anthropic raised $65 billion in equity on Thursday in a Series H round. Then borrowed $36 billion more. In one day, the company behind Claude assembled a $101 billion capital stack — more than most countries spend on their entire defense budgets annually. The IPO window is October 2026. Here is the story ⇩ SPONSOR BREAK presented by MarketWise* Check Your Power Bill: New ‘AI Tax’ Rolling Out Nationwide A new AI crisis is spiking power bills across America. It’s part of a $33 trillion problem for the stock...

Every drone stock moved. On Thursday, a report from The Wall Street Journal suggested the Pentagon is exploring ways to fund a handful of U.S. drone companies — potentially even taking equity stakes. That sparked a buying frenzy across the drone sector, sending several stocks soaring double digits and turning one of the market’s quietest industries into the hottest trade on Wall Street. The question now isn’t whether drones had a great day. The question is whether Thursday was the beginning of something much bigger. Here is the story ⇩ SPONSOR BREAK presented by MarketWise* Check...

About last night… AI earnings season is almost over. But last night exposed where the real AI money is actually flowing: → Snowflake ripping 30% after hours→ Marvell raising AI guidance again→ Salesforce proving Agentforce is becoming real revenue→ and Synopsys discovering that “beat and raise” is no longer enough. The strange part? All four companies technically delivered good quarters. But last night showed the difference between “talking about AI” and actually making money from it. Here is the story ⇩ SPONSOR BREAK presented by ModeMobile* Musk’s warning just revealed a $1T opportunityMusk...

In just 30 days… The $1 trillion club just got three new members. All in May. All memory chips. Scientists would classify them as Memoria dominans — a newly observed species, distinguished by sold-out production lines and a habit of moving entire stock markets before lunch. The market just calls them up 165%, 210%, and 248% year to date. Same thing, different lab coat. Here is the story ⇩ SPONSOR BREAK presented by MarketWise* The real reason Musk, Huang, Cook, and Fink just flew to Beijing Last week, the CEOs of Nvidia, Apple, SpaceX, BlackRock, Goldman Sachs, Visa, Boeing, and more...

Or how an UBS analyst note on Micron quietly detonated the entire semiconductor complex. source: visualcapitalist For most of the last two years, the AI trade felt relatively contained. Buy Nvidia. Watch hyperscaler spending. Pretend you understand GPUs. Repeat. Now the trade is starting to mutate — from chips into power, from the US into Asia, from hardware into infrastructure. Here is the story ⇩ SPONSOR BREAK presented by MarketWise* ‘I Just Flew Over Elon Musk’s Next Big Venture’ A former consultant to the Pentagon was able to enter the airspace near one of...