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There has been a lot of hand wringing on the appropriate valuation of SpaceX. Some large institutions believe SpaceX can only be valued at half what the market seems to be willing to pay for it. Others are claiming it has 15X appreciation ahead of it. Almost all of this difference of opinion comes down to how comfortable you are modeling beyond 2030 and what valuation method you use. 2030 valuation using a traditional Gordan DCF produces a very different result than a 2040 EV/EBITDA Multiple. Both have pros and cons. Most analysts don’t really discuss this and lead with a headline number. We are very comfortable modeling out to 2040, as large portions of what SpaceX is proposing is real world infrastructure, which provides modelable physics constraints to anchor against. The analysis we released today explores this in-depth, its open to the public all the way through IPO. I highly encourage you check it out prior to then. We’ve run 5,000 monte carlo runs across 500 variables (real number, even though it sounds fake) and three valuation methods. This video is of a 3D cloud chart showing every simulation outcome expected in valuation output across two of the most impactful variables to the model when using an EV/EBITDA multiple from 2026 to 2040. The horizontal axis is the steepness of the orbital data center demand S-curve. The vertical axis is the rate at which chip compute efficiency becomes cheaper. Each of the 5,000 dots is one simulated future; green dots are the ones where SpaceX's 2040 value clears the $1.77T IPO line, over time. Under EV/EBITDA valuation through 2040, 96% of our simulated futures clear the expected IPO price once the bell rings Friday. We aren’t publishing this publicly to tell investors what the stock is worth, we’re publishing this to help investors understand the world of outcomes, what the fundamentals suggest through 2040, and what frankly most analysis simply won’t share. SpaceX is a generational company working on long term infrastructure harnessing a domain no one has been able to tap in so far: space. It deserves doing the work as an investor. because this in not financial advice. The cleanest way to hold SpaceX is a bond stapled to a call option (AI-Compute); Starlink is the bond, the near term SatCom annuity that funds the next flywheel. Understand the world of outcomes and take your position accordingly. Comparables and P/E won't take you far enough.
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If you’re curious about futures trading but don’t know where to start…Start here. We built a free, step-by-step course that shows you exactly how the futures market works, what a prop firm really is, and how to trade funded accounts. Click to get this course 100% free today.
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🚨 OKX is expanding its X-Perps offering in Europe. Retail traders can now access futures tied to the Magnificent 7 stocks, as well as gold, oil, S&P 500, and Nasdaq-100-linked contracts. Competition in regulated crypto derivatives is heating up. 🔥 #OKX# #Trading#
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据官方公告,Binance Futures 将于 2026 年 6 月 8 日 17:00(北京时间)起陆续上线多只 U 本位 TradFi 永续合约,包括 BXUSDT、HPEUSDT、AMATUSDT、CRWDUSDT、CRDOUSDT、AAOIUSDT、IWMUSDT 和 AXTIUSDT,最高杠杆均为 20 倍。
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🚨 BREAKING: 🇺🇸 BLACKROCK CEO LARRY FINK SAID: "THE U.S. IS SHORT ON POWER. I BELIEVE A NEW ASSET CLASS WILL BE BUYING FUTURES ON COMPUTE." IF THIS HAPPENS, TRILLIONS WILL FLOW INTO THE DECENTRALIZED COMPUTE SECTOR THIS IS EXTREMELY BULLISH FOR MARKETS!!
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Euro futures rebounded from a 2-month closing low to trade higher near the 1.1625 level. A positive tone shift in Middle East negotiations and rising Treasury markets provided a tailwind, while other FX markets finished mixed. Insights by Dan Deming.
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British Pound futures dropped 0.38% to finish near session lows. While manufacturing PMI reached a four-year high, services fell below 50. Pressure also mounted following a U.S. proposal for additional tariffs under Section 301. Insights by Bob Iaccino.
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Perpetual futures are coming to America. On May 29, the CFTC approved the first perp futures contract on a US regulated venue. Another export from crypto to traditional finance, after stablecoins and tokenized assets. A step toward DeFi platforms like Hyperliquid reaching US users. Read the full article from @LowBeta on the Stack:
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Bitcoin perpetual futures are finally coming to the U.S. Hyperliquid is surging. Wall Street is entering crypto. Prediction markets are heading to court. And the world's biggest banks just completed a blockchain settlement test. @_dsencil and @graminitha1 break it all down 👇
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#NewPerpsListing#: $SLX @solsticefi is a is the yield layer, a protocol bringing institutional-grade yield products onchain for DeFi composability. SLXUSDT Global Perpetual Futures trading is now available on The New Money App.
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