To The Moon

$NVIDIA(NVDA)$earnings are in the rearview. Where does the AI capital cycle flow next? The diffusion map is clear — money is rotating down the stack across 5 stages. The alpha window is different at each one. Stage 1: GPU & CPU $NVIDIA(NVDA)$ + $Advanced Micro Devices(AMD)$. Where the AI wave started, where capital concentrated first. Valuations are high. Most retail investors entered late here. Stage 2: Memory (actively running — highest alpha right now) $Micron Technology(MU)$ HBM demand surge, severe supply-demand imbalance, price and volume both rising.

Most CEO compensation clauses are written around EPS targets, revenue growth, stock price milestones. Musk's compensation vesting condition is: "Establish a permanent human colony on Mars with at least 1 million residents." For each tranche, both market cap milestones and the Mars colony milestone must be satisfied simultaneously. Every TAM figure in the S-1 — the $2.4 trillion space data center market, "AI compute is cheaper in space than on Earth," Starship carrying 95% of orbital payload — these are all waypoints on the same throughline. Not for the quarterly report. To make that one tranche vest. Converted using "Elon Time": a "2–3 year" forecast roughly means before the end of this decade. Musk owns roughly 42% of SpaceX. SpaceX needs to reach a $1.6 trillion valuation for him to bec

SpaceX filed its S-1. Road show June 5, $SpaceX(SPCX)$ target valuation $1.8 trillion. The filing runs hundreds of pages. The key question: which division makes money, which loses money, and which burns the most cash? SpaceX reports three segments: Space (launch), Connectivity (Starlink), and AI. These aren't parallel — they're vertical: rockets lower the cost of reaching orbit → satellites turn that capability into a billable subscription network → AI attempts to extend the platform into compute and real-time intelligence. 2025 Segment Summary & Annual Revenue Breakdown The read: Starlink makes money (38.8% op margin). Launch loses money (-16.1%). AI burns the most cash (-198.5% op margin + $12.7B CapEx). Launch revenue barely

This Thursday, Starship V3 is expected to launch from Boca Chica, Texas. In the same week, SpaceX’s IPO filing will go public — roadshow on June 4, pricing on June 11, and official Nasdaq listing on June 12 under ticker $SpaceX(IPO001)$ . Meanwhile, $Rocket Lab USA, Inc.(RKLB)$, $Firefly Aerospace Inc.(FLY)$ and $Voyager Technologies, Inc.(VOYG)$ all rallied Monday before pulling back Tuesday. What do you think about the $1.75 trillion valuation? Musk merged SpaceX and xAI earlier this year, and the implied valuation is now over $1.75 trillion, with a poten

Monday: $SanDisk Corp.(SNDK)$ -8%, $NEBIUS(NBIS)$ -11%, $Lumentum(LITE)$ -9.3%, $Corning(GLW)$ -8.1% — AI photonics and storage getting hit. $NVDA$ pulled back from the $235 high to $222.32, extending lower pre-market to $220.98. Three variables are hanging over the market simultaneously this week: the Sell in May narrative is playing out, a new Fed chair just took office, and NVDA reports tomorrow night. What is Monday's selloff telling us? May is structurally a high-pressure month — end-of-quarter repositioning, late earnings season, summer liquidity compression. The "Sell in May" narrative tends to self-fulfill. But in

Trump officially wrapped up his China visit. The summit outcomes focused on energy and agricultural purchase frameworks, with zero announcement on easing chip export restrictions. But the real thing worth watching today isn’t the summit communiqué — it’s the simultaneously revealed Trump holdings disclosure: 3,642 trades within just Q1 alone, with estimated total trading volume between $220 million and $750 million, averaging 58 trades per day. Trump’s portfolio aligns with the three policy themes: AI infra, financial deregulation, and fiscal stimulus. Large-scale sells ($5M–$25M per trade): $Microsoft(MSFT)$ , $Amazon.com(AMZN)$ , $Meta Platforms, Inc.(META)$

The Wall Street Journal confirmed the latest additions to Trump's business delegation for the China visit. $Tesla Motors(TSLA)$ CEO Musk, $Apple(AAPL)$ CEO Cook, $GE Aerospace(GE)$ CEO Larry Culp, and $Boeing(BA)$ CEO Kelly Ortberg are all attending. Bloomberg then reported that $NVIDIA(NVDA)$ CEO Jensen Huang joined as a last-minute addition, boarding Air Force One during an Alaska fuel stop. NVIDIA confirmed: "Jensen accepted President Trump's invitation to attend the summit in support of the US and the goals of this Administration." Jensen on Air Force One: what's the signal? The

SpaceX IPO officially enters the final countdown; listing expected in June with valuation reaching $1.75 to $2 trillion, poised to become the largest IPO in history. The biggest highlight of this offering is the retail allocation, which could reach as high as 30%—far exceeding industry norms. Space stock earnings recently diverged: $Rocket Lab USA, Inc.(RKLB)$ soared, $AST SpaceMobile, Inc.(ASTS)$ plummeted 1. $Rocket Lab USA, Inc.(RKLB)$ — +11.3% "Fundamental reversal confirmed." Revenue $200.3M (+63.4% YoY), exceeding Goldman Sachs' expectations by +11.8%; Order backlog $2.22B, single-quarter QoQ +20%, YoY +108%, a doubling; Space Systems revenue +57% YoY,

$KOSPI$ surged more than 5% intraday today, triggering a circuit breaker. SK Hynix jumped +12% to above ₩1.89M, +185% YTD. Samsung rose +6%, crossing the $1 trillion market cap threshold, +139% YTD. JPMorgan's latest strategy report names Korea its top pick in Asia-Pacific, raising the KOSPI target to 9,000 (base) / 10,000 (bull). KOSPI has hit 77 all-time highs this year. Korea's MSCI EM weight has risen to >21%, nearly matching China at 22%. AI arms race: Global AI compute expansion is bottlenecked at HBM (High Bandwidth Memory). SK Hynix is the world's dominant HBM4 supplier — full-year capacity is sold out, customers are already pre-booking 2027 supply. Samsung HBM is equally constrained. Historic earnings: Samsung Q1 2026 operating profit: ₩57.2 trillion, +750% YoY — one quarter ex

Recent spotlights shine on these stocks: $SanDisk Corp.(SNDK)$ +16.6%, $Micron Technology(MU)$ +15.5%, $Intel(INTC)$ +14.0%, $Dell Technologies Inc.(DELL)$ +13.1%, $Advanced Micro Devices(AMD)$ +11.4%, $NVIDIA(NVDA)$ +1.7%, $Apple(AAPL)$ +2.0% — Wall Street has a new concept: the Magnificent 7 era is over. Welcome to DIAMANS, the AI hardware chain that just went vertical today. What Is DIAMANS? Dell + Intel + AMD + Micron + Apple + NVIDIA + SanDisk. Not a random name mashup — a complete AI infrast