To The Moon

SpaceX's S-1 discloses that retail brokerage channels will receive a meaningful allocation in the IPO, open to qualified investors. For investors in Singapore, participation in U.S. IPO subscriptions is generally only available to accredited investors, or to non-accredited investors who meet the minimum investment amount requirement of SGD 200,000.

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.

A macro narrative centered around rate cuts suddenly flipping into rate hikes is not a small shift. Hike odds were 18% last week, 36% yesterday, and now effectively 100%. The $US30Y(US30Y.BOND)$ just hit 5.2%, the highest level in 20 years. $XAU/USD(XAUUSD.FOREX)$ are down 4% over the past week, while silver has dropped 14% from recent highs.

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 grew. The growth engine is Starlink.

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.

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 index-level support remains intact — Morgan Stanley just raised its 12-month SPX target to 8,300 (bull case 9,400). The selling is in high-beta names, not the broader fundamental picture.

Large-scale sells ($5M–$25M per trade): $Microsoft(MSFT)$ , $Amazon.com(AMZN)$ , $Meta Platforms, Inc.(META)$ Large-scale buys ($1M–$5M per trade): $NVIDIA(NVDA)$ , $Apple(AAPL)$ , $S&P 500(.SPX)$ index funds New positions: $Broadcom(AVGO)$ , $Oracle(ORCL)$ , $Synopsys(SNPS)$, $Cadence Design(CDNS)$, $Texas Instruments(TXN)$ Financial exposure includes: $Goldman Sachs(GS)$ , $Bank of America(BAC)$, $Citigroup(C)$, $Morgan Stanley(MS)$, $Wells Fargo(WFC)$, as well as multiple municipal bonds.

Plz invest in TSLA as Elon has gained trust!!

My logic today is to wait and see, no rush

1. Fuel: 29% of costs, and oil just gained another 20% Fuel represents approximately 29% of SIA's total expenditure — the largest single cost line. The conversation in early April was about US$100 oil threatening aviation recovery. By late April, $Brent Last Day Financial - main 2607(BZmain)$ hit US$120+, the highest level since 2022. Even with hedging, rolling exposure will show up in the numbers. The full-year picture absorbs a cost base that shifted materially in the back half.