Remember this?
‘Starman’ in Elon Musk’s Orbiting Tesla Roadster (source: SpaceX.com)
In 2018 Elon launched ‘Starman’ into space aboard the maiden test of the Falcon Heavy rocket.
A lot of people thought he was flat out nuts.
Fast forward to the summer of 2022…
People around the world watched as Virgin Galactic’s Richard Branson and Blue Origin’s Jeff Bezos suited up, strapped in, and blasted off to low Earth orbit.
The media dubbed it the Billionaire Space Race. Some even called it the summer of space.
Now, here we are four years later and the SpaceX IPO is only four days away…
Join me with Tim Sykes LIVE for an urgent pre-IPO briefing
Get Tim’s FREE SpaceX Supernova Trade Idea on June 10th
Table of Contents
The Big Picture
Growing up in Michigan in the 70s and 80s I was a nerd drawn to technology. We were proud of the innovation that happened in Detroit in the 50s and 60s. It was like the Silicon Valley of the time. I also loved science fiction and read all of Isaac Asimov’s books.
Now, if you’re a child of the 80s like me, you might remember how we all thought the year 2000 was a big deal. We were gonna be living on the moon. Or we’d have a base on Mars and people living in space stations.
We were a little early. But if you think about it, the tech that came out of the 60s space race is pretty amazing. Look at all the innovation that came from humanity’s push to the stars.
For example, the lunar lander had the processing power of a modern-day desktop calculator.
Now? Everyone carries a ridiculously powerful computer around in their pocket. With the explosion of AI over the past four years, everything is just speeding up.
We might be a quarter-century past the millennium, but the dream is still alive. Space is an amazing untapped resource. And this time it IS rocket science.
Get ready for a wild ride because we live in the most amazing time in history.
My Take
As a trader I’m pumped about the SpaceX IPO. Now, don’t get me wrong. I have a very specific way to play this IPO and it isn’t as a member of Chaser’s Anonymous.
For the past couple of weeks I’ve been giving you space stock ideas along with AI, quantum, chip stocks, and data center plays. You might look at last Friday’s selloff and wonder why I’m still pumped.
It’s because this truly IS the summer of space. Tim Sykes and I will explain everything on Wednesday. It’s setting up perfectly. Register here to see why the old guardrails are gone for this IPO. It’s a must watch event.
Watchlist
Staying on the subject of space and the SpaceX IPO, look at what Solidion Technology, Inc. (NASDAQ: STI) did on June 4-5:
STI, June 4 premarket to June 5 afternoon session, 5-min candle, SpaceX Supernova
Now, you might wonder how a stock can go up 935% in less than 24-hours. The company issued a press release talking about its “extreme-climate battery technology and its strategic positioning within the rapidly expanding space and lunar economy.”
It went on to mention SpaceX, NASA, AI data centers in space, crewed spacecraft… ALL the right words for this moment in time.
STI is a perfect example of what we’re going to see, probably for the rest of the summer. I’m not saying every company that puts out a press release will run 900% or more, but eyes and money will keep following stocks that play on the SpaceX IPO.
Again, tune in on Wednesday because Tim Sykes will lay it all out. SpaceX can only IPO once, so take advantage of this rare opportunity.
On My Radar
- Today is Apple’s chance to reset the narrative around AI.
- Think Friday’s market selloff was bad? Check out Bitcoin’s slide over the past month.
- The jobs number came in hot on Friday. That puts the focus back on interest rates.