SpaceX’s IPO could be one of the most consequential listings in public market history. Across SpaceX, Starlink, and its AI ambitions, the company is pointing at a potential $28.5 trillion addressable market: > $370 billion in Space > $1.6 trillion in Connectivity: $870 billion in Starlink Broadband, $740 billion in Starlink Mobile, plus additional opportunities in enterprise and government > $26.5 trillion in AI: $2.4 trillion in AI infrastructure, $760 billion in consumer subscriptions, $600 billion in digital advertising, and $22.7 trillion in enterprise applications As Stratechery put it, the $26.5 trillion AI opportunity is more than 13 times larger than the space and connectivity opportunity combined.

prediction markets might be the most underrated part of the $HOOD story event contracts went from 300M to 8.8B traded in one year ( 2833.3% YoY growth) kalshi and polymarket need to acquire retail users while, robinhood already has the distribution (13.5 Million MAU)

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Will @tradexyz flip Hyperliquid trading volume?

🚨non-SPCX post🚨 In the last week, @Polymarket has had its 3 biggest days of volume ever with over $800mm on Wednesday and over $700mm on Tuesday. The CFTC regulated US business was larger than the int’l business on all three of those days. Looking at the data, it seems potentially like this will be the month the US business flips the int’l business in both volume and fees. OI not yet as the US business is still more focused on shorter term markets.

Micky bought $55M in $HOOD shares... something is brewing... great article from Artemis here: x.com/artemis/status/2065154…

i took a deeper dive on the recent x402 spike: the latest activity looks heavily concentrated around one buyer paying BlockRun for high-frequency LLM / data calls. but that actually makes it more interesting to me. this is not DeFi farming or points farming. it looks like an agent/operator paying per request in USDC -- basically what machine-to-machine payments are supposed to enable. small dollars, huge call volume. early, but worth watching.

To justify $1.8T on rocket revenue, $SPCX would need to launch a Falcon 9 EVERY 33 minutes non-stop every day of the year 🤯 Its record in 2025 is one every 2 days That's a 87x in throughput increase ...and assuming there are that many customers If you thought this is interesting, try out artemis.ai/analyst to create your own insights like this :)

At ~95x sales, SpaceX is going public at nearly 5x $NVDA multiple and ~25x the S&P 500 It will be the most expensive mega-cap debut ever while losing ~$5B a year 🤡

Amazon Prime generational wealth transfer prediction markets -> all could be coming to $HOOD @NorthIslandVC and @artemis explain how

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Is @elonmusk going to keep bending reality (or will reality catch up to him)?

the market is still valuing $HOOD like a slightly better brokerage (against COIN, IBKR and SCHW) but the business is starting to look more like a financial super-app: 1. gold turns users into higher-value customers 2. prediction markets create a new asset class 3. fixed costs mean incremental revenue drops hard to EBITDA

We co-wrote an article with Artemis on Robinhood and why we believe it is positioned to succeed in this future of finance. Check it out!

We believe $HOOD should be benchmarked against the platform comp set, not the brokerage comp set. The flywheel of (1) demographic ownership × (2) Gold-driven asset compounding × (3) prediction market category leadership compounds. Each new @RobinhoodApp Gold sub raises ARPU > each ARPU dollar raises the margin > each new product locks the customer in further. In our view, the longer this compounds, the more durable the franchise becomes.

WHY ROBINHOOD $HOOD WILL WIN RETAIL FINANCE: 1. The coming intergenerational wealth transfer is the largest of all time, Robinhood is positioned to win 2. Prediction markets continue to go brrrrrrr 3. Robinhood Gold is the "Amazon Prime" of finance Outstanding article from @artemis: