ProfitProTip

The world just paid $2 trillion for a rocket company that lost $4.9 billion last year. And the rockets are not why it lost the money. They are the only part making any.

SpaceX went public Friday, the largest IPO in history. Up 19%, a $2 trillion valuation, Elon Musk the first trillionaire. Then you open the filing.

Three businesses sit inside it. Starlink, the satellites, brought in $11.4 billion, 61% of all revenue, and $4.4 billion in profit. It is the only piece that earns a dollar. The rockets that land themselves run a small loss reinvesting in Starship. And the AI arm, Grok plus the app once called Twitter, folded in this February, lost $6.4 billion in a single year on $12.7 billion of spending.

Read that again. The satellites pay for everything. The AI loses more than the satellites make. And the AI is the part the market fell in love with.

It gets bolder. The prospectus claims a total market of $28.5 trillion, the largest any company has ever put in a filing. Larger than the GDP of the United States. That is the number underwriting a $2 trillion price tag built on a division bleeding $6 billion a year.

Now the structure. About 4% of the company trades. That sliver sets the price for all of it. Musk is locked up for 366 days and holds roughly 80% of the votes. The public bought a company they cannot steer, priced on the one segment losing the most.

This is the whole year in one ticker. The profit is satellites. The story is AI. The market bought the story.

The rockets were never the risk. The risk is a $2 trillion price resting on the one bet that has yet to make a cent.

$NVDAB
$BNB

Okay, I have to be honest; it seemed that $DOT was just dead.

But somehow it reached that key support level, held there, and #DOT started to move higher.

Technically, the Power of 3 setup is still valid, so this might still go for a nice expansion!

#Polkadot

BTC

OMG "107 BTC BURNED" 🤐. This is one of the strangest Bitcoin moves in a while.
After sitting inactive for roughly 11 years, five old wallets suddenly woke up , only to send a combined 107 $BTC worth around $8.3M straight to a burn address, effectively removing the coins from circulation forever.
The wallets involved are:
16g5hMoREWqMcaQGvnCHCWPheotD99bVQt
1PkWqW1P7KsxYXsAnWMPru6NNTfBeiRT6V
1LieqLD1qNadbQrSGjYAUT3tVL2w4cxXQu
14UNkCVPDQFCZAvq3j4vUQ6h6pHwBtegMa
1JtpAuksysZdwzkCjwQpTG5mzE8BRq7qmh
The destination? The well-known burn address: 1111111111111111111114oLvT2
No exchange, just $8.3M worth of #BTC permanently gone.
Whether this was intentional, symbolic, a mistake, or something only the owner understands… burning Bitcoin that sat untouched for more than a decade is hard to ignore. ANYWAYS, this burn address now holds 807.239 BTC worth around $61.18M at cmp.
WHAT YOU ALL THINK? WHO IS BEHIND FOR THIS BURN.
{future}(BTCUSDT)
{spot}(BTCUSDT)