Nobody is connecting what's about to happen with the SpaceX IPO. - Goldman Sachs, Morgan Stanley, JPMorgan, Bank of America, and Citigroup are leading the deal. - 21 banks total. No IPO in history has ever required 21 banks. - The raise is $75 billion at a $1.75 trillion valuation. That makes it larger than the GDP of 150 countries. - Demand is 10 to 20x oversubscribed. That's $750 billion to $1.5 trillion in capital trying to buy $75 billion in shares. 90 to 95% of buyers will be rejected. - 30% of shares are allocated to retail. $22.5 billion. Three to six times the normal retail allocation. - The S-1 prospectus drops between May 15 and May 22. The roadshow begins June 8. A private event for 1,500 retail investors is scheduled for June 11. Listing expected between June 18 and June 30. - $200 to $427 billion in retail capital will be sidelined after allocation fills. That money doesn't disappear. It hunts for the next closest thing. - Only 0.01% of that sidelined capital is $20 to $42 million. Against thin liquidity crypto assets with direct SpaceX narrative connection, that's enough to 10-20x a token in days. The smart money is already positioning for it.

Derik Queen guarding his yard