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20:12
SpaceX S-1 Decoded: Three Segments, What Businesses Are You Investing?
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
TOP這是甚麼東西: How to Price SPCXSPCX cannot be priced using traditional earnings multiples because its core launch and AI segments operate at a net loss while absorbing massive capital. Instead, pricing must rely on a Sum-of-the-Parts (SOTP) methodology. This framework values the launch business on a price-to-sales multiple based on global launch dominance, applies a software-as-a-service (SaaS) subscriber multiple to Starlink cash flows, and values the AI segment as a speculative technology venture based on its high-compute infrastructure capacity.
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05:57
The Astronomical Event of the Century: The Launch of SpaceX IPO 🌟🌟🌟The grandest event in modern market history is officially lifting off. The public S-1 filing for the historic SpaceX IPO is happening today - May 21 2026, setting the stage for a record shattering June 12 debut. The sheer scale of this launch is utterly dizzying. Led by a heavyweight banking syndicate featuring Goldman Sachs, Morgan Stanley and JP Morgan Chase, Elon Musk's aerospace giant is looking to pull off a monumental USD 75 billion capital raise at an "out of this world" targeting valuation of USD 1.75 trillion to USD 2 trillion. This single IPO is poised to absolutely suck the oxygen out of the global listing pipeline, creating a historic liquidity event that dwarfs Saudi Aramco's legendary USD 29 b
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05-18
$JD.com(JD)$ 尋日中午。發動夜盤以32.14沽貨。到盤前高見32.3。點知美股一開又係大跌。係31.86我就買反。但係而家得返31.6。業績咁好都回咁多[摊手] [摊手]
861
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05-20 10:48
$VITASOY INT'L(00345)$ 神奶只係威左幾日又開始響下沉底，冇消息吓看來就係在六至七元浮沉，穿一穿$6隨時都唔出奇
00345
05-20 10:45
HKVITASOY INT'L
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Buy Open | 6.24 2,000 | -1.92% Holding |
2.33K
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05-20 17:38
$GOOGL VERTICAL 260717 PUT 360.0/PUT 365.0$ Still convinced that GOOGL is one of the strongest AI company, as attested by latest Berkshire securities purchase last quarter. So when the price dip and show rich premium, I didnt hesitate to scoop position. Strike price is at 25 delta or 75% probability of winning and way below the vwap of $389. Feel safe.
GOOGL Vertical
05-19 22:19
US360.0/365.0
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Credit Open | -1.37 3 | -- Holding |
TOPThat 25 delta entry is clean, I’m holding Google too. You worried at all if AI capex stays heavy?
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05-20 23:06
$LRCX VERTICAL 260529 PUT 240.0/PUT 235.0$ Took advantage of the 6% price surge to book 82% profit. Timing just right as this trade will expire in 9 days.
LRCX Vertical
05-20 23:03
US240.0/235.0
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Debit Close | 0.26 3 | -- Closed |
TOPNice flip lol 9 days left was cutting it close, you doing this setup again?
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13:06
$PropNex(OYY.SI)$ Trimmed the position at minor profits. Hold good company at good price with paper gain.
TOPI took some off too, steady wins. You buying back if it dips?
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14:36
$CSOP HS TECH(03033)$ 從今日開始。每跌5%。我就入一注。呢個方法我覺得係長期黎講。會比較容易賺到錢[贱笑] [贱笑]
03033
05-21 14:30
HKCSOP HS TECH
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Buy Open | 4.69 8,000 | -0.55% Holding |
TOPUS Stocks Rise to Bam Bam, Hong Kong Stocks Fall to PK[喷血]
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18:05
AI Trades Shift from "Chips" to "Power and Data Centers," Infrastructure Plays like BE and CRWV Gain
The investment narrative around artificial intelligence is undergoing a measurable rotation. While semiconductor and GPU manufacturers captured the bulk of early-cycle returns, the current bottleneck has moved downstream — to electricity generation and data center capacity. Several data points support this thesis: Grid constraints are binding. Interconnection queues for new power capacity in major U.S. markets now extend 7 to 10 years. Major technology companies, including $Alphabet(GOOGL)$, have publicly identified grid connection as the primary constraint on data center expansion. Training clusters for frontier AI models routinely require 100+ megawatts of continuous power, a scale traditional utility infrastructure struggles to
444
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16:59
$BIDU 1Q26 Earnings Review: PT Raised to $160 — Can Kunlun IPO Unlock the Next Leg? 💭
1. Lead / Setup 📊 Tiger Research Team maintains BUY rating and increases Price Target to $160 (from $150) as $$Baidu, Inc.(BIDU)$$ reports a strong 1Q26 that reinforces the view that the company is increasingly transitioning from a legacy search/advertising business into an AI infrastructure and application company. Headline revenue of RMB32.1bn was 2% above consensus and 5% above their estimate, while GAAP operating income, EBITDA and non-GAAP EPADS all beat their estimates. 👇 The Resilience: Despite continued weakness in legacy advertising, Baidu's strategic pivot to AI is accelerating. The most important incremental point is that AI is now the majority of Baidu's core revenue base for the first time. Baidu Core AI-powered Busine
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17:24
$BILI 1Q26: PT maintained at $30, Will 2H Game Pipeline Add Optionality? 💭
Tiger Research Team maintains a BUY rating and $30.00 Price Target on $Bilibili Inc.(BILI)$ after 1Q26 delivered in-line headline revenue with significantly better quality underneath. The single most important strategic takeaway: advertising growth accelerated to 30% y/y while AI-driven creator tools and recommendation efficiency began showing measurable traction, reinforcing the platform's monetization flywheel. With gross margin expanding for the 15th consecutive quarter and a deepening 2H game pipeline adding optionality, the risk-reward remains asymmetrically positive despite near-term mobile game headwinds. 📊 Section 1 — Lead / Setup Tiger Research Team maintains a BUY rating and an unchanged $30.00 Price Target on
218
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05-20 19:40
$Alphabet(GOOGL)$ the only tech stock I believe in longer term. Waiting another down turn for more accumulation.
225
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05-20 20:28
$Garmin(GRMN)$ Long term supporter rewarded.
365
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05-20 21:41
$MRVL 20260529 165.0 PUT$ next week is MRVL earning.... Keep moving ~
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05-20 21:43
$MU VERTICAL 260522 PUT 375.0/PUT 370.0$ ok small profit but will keep going
238
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05-20 22:39
$ASML 20260821 1480.0 CALL$ I opened the call position 2 days ago and immediately watched the share price reverse lower, leaving me deep in the red. Even though it managed to claw back some ground by the closing bell, the profit was too thin for my liking, so I decided to hold through the volatility. Patience finally paid off today as price action turned aggressive, with ASML hitting a high of over 5%. While I exited the trade a bit earlier than the absolute peak, I’m walking away happy with a great return over a two-day hold. With NVDA reporting its earnings after market closes, anything can happen.
TOPASML options move fast lol I sold early too, you holding anything through Nvidia tonight?
139
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05-20 23:24
$SPDR S&P 500 ETF Trust(SPY)$
261
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00:43
$SNDK 20260522 1270.0 PUT$ close n take profit...
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07:53
$Alphabet(GOOGL)$ still holding long term
90
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07:56
$Alphabet(GOOGL)$ is there more upside?