--- title: "SpaceX: escape velocity" description: From trillion-dollar rockets to crypto selloffs, the era of eye-watering numbers is here and it's moving fast. 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You can change your settings below to refuse the use of cookies. For more information, please refer to the [Cookies policy](https://www.syzgroup.com/en/legal-notices). Mandatory cookies Functional cookies Statistics & marketing I confirm I am not a US citizen residing in the US I confirm I am not accessing this site from the US I confirm that I am not a resident of Canada (except for Ontario, Quebec, British Columbia or Alberta). Agree and confirm ### Restricted access We are sorry that for legal reasons we are not able to help US citizens or Canadian residents other than in Ontario, Quebec, or Alberta. Best wishes for the future… ### Restricted access We are sorry that for legal reasons we are not able to help US citizens or Canadian residents other than in Ontario, Quebec, or Alberta. Best wishes for the future… You chose the following profile. If you made a mistake, please change here USA Country Switzerland Canada: Other than Ontario, Quebec, Alberta Canada: Ontario, Quebec or Alberta USA Other country Language Language English French German Italian I confirm Legal information This marketing document has been issued by Bank Syz Ltd. It is not intended for distribution to, publication, provision or use by individuals or legal entities that are citizens of or reside in a state, country or jurisdiction in which applicable laws and regulations prohibit its distribution, publication, provision or use. It is not directed to any person or entity to whom it would be illegal to send such marketing material. This document is intended for informational purposes only and should not be construed as an offer, solicitation or recommendation for the subscription, purchase, sale or safekeeping of any security or financial instrument or for the engagement in any other transaction, as the provision of any investment advice or service, or as a contractual document. Nothing in this document constitutes an investment, legal, tax or accounting advice or a representation that any investment or strategy is suitable or appropriate for an investor's particular and individual circumstances, nor does it constitute a personalized investment advice for any investor. This document reflects the information, opinions and comments of Bank Syz Ltd. as of the date of its publication, which are subject to change without notice. The opinions and comments of the authors in this document reflect their current views and may not coincide with those of other Syz Group entities or third parties, which may have reached different conclusions. The market valuations, terms and calculations contained herein are estimates only. The information provided comes from sources deemed reliable, but Bank Syz Ltd. does not guarantee its completeness, accuracy, reliability and actuality. Past performance gives no indication of nor guarantees current or future results. Bank Syz Ltd. accepts no liability for any loss arising from the use of this document. [The week in seven charts](https://blog.syzgroup.com/fast-food-for-thought/tag/the-week-in-seven-charts) ### SpaceX: escape velocity From trillion-dollar rockets to crypto selloffs, the era of eye-watering numbers is here and it's moving fast. Each week, the Syz investment team takes you through the last seven days in seven charts. [![Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/hubfs/charles-2.jpg)](https://blog.syzgroup.com/fast-food-for-thought/author/charles-henry-monchau) [**Charles-Henry Monchau, CFA, CMT, CAIA**](https://blog.syzgroup.com/fast-food-for-thought/author/charles-henry-monchau) Chief Investment Officer **Monday, 06/08/2026** | - [![Pdf](https://blog.syzgroup.com/hubfs/pdf%20(1).png)](https://blog.syzgroup.com/hubfs/Syz-Feature_WeekIn7Charts_260608.pdf?hsLang=en) - - - - #### Chart #1 —  ## **SpaceX trillion dollar launch sequence**  SpaceX's valuation path did not just rise steadily, it gained momentum, packing what would normally take decades of value creation into a strikingly compressed timeframe. It took eight years to reach a $1B valuation, five more to hit $10B, another six to climb to $100B, then less than five to cross $1T, before reaching $1.75T within a matter of months. SpaceX has not simply crossed into trillion-dollar territory it has hit escape velocity. During the early stages, the market was pricing in uncertainty and technological risk, questioning whether privately built rockets could work dependably, whether reusable launch systems would ever make economic sense, and whether Starlink could grow into a scalable commercial business. Faced with deep skepticism, Elon Musk and SpaceX methodically disproved each of these doubts. Reusability turned what had been dismissed as impossible into a working reality, and Starlink proved that a worldwide satellite network could scale commercially. From there, enthusiasm around AI combined with a shortage of large IPO opportunities drove the valuation curve almost straight up. ![](https://blog.syzgroup.com/hs-fs/hubfs/image-png-Jun-08-2026-02-10-23-6117-PM.png?width=540&height=737&name=image-png-Jun-08-2026-02-10-23-6117-PM.png) Source:  Boyan Girginov --- #### Chart #2 —  ## **Anthropic hit a $965 billion valuation**  Anthropic has reportedly closed a huge $65 billion Series H round said to be the biggest private AI financing on record. The deal values the maker of Claude at $965 billion, lifting it above OpenAI's reported $852 billion. More striking still, Anthropic's annualised run-rate revenue has surpassed $47 billion, a tenfold jump from a year earlier, and this single round is larger than all venture capital invested in Indian startups over the past four years combined. ![](https://blog.syzgroup.com/hs-fs/hubfs/image-png-Jun-08-2026-02-11-21-6461-PM.png?width=938&height=571&name=image-png-Jun-08-2026-02-11-21-6461-PM.png) Source: Anthropic Funding Announcement --- #### Chart #3 —  ## S&P 500 earnings are skyrocketing S&P 500 earnings are now projected to grow 24% this year. Outside of rebounds following recessions, growth at this pace is unheard of: an extraordinary surge driven by enormous earnings per share gains across big tech. ![](https://blog.syzgroup.com/hs-fs/hubfs/image-png-Jun-08-2026-02-12-48-2097-PM.png?width=917&height=469&name=image-png-Jun-08-2026-02-12-48-2097-PM.png) Source:  Charlie Bilello --- #### Chart #4 —  ## **The SOX semiconductors index has risen sixfold since 2020, while SOX earnings per share have climbed fivefold**  The bulk of the rally rests on genuine earnings growth rather than on stretched valuations. The open question is whether those profits actually materialise, and whether they can keep growing from here. ![](https://blog.syzgroup.com/hs-fs/hubfs/image-png-Jun-08-2026-02-13-56-9779-PM.png?width=886&height=483&name=image-png-Jun-08-2026-02-13-56-9779-PM.png) Source: Goldman Sachs, Bloomberg --- #### Chart #5 —  ## **The longest run of US outperformance in history**  Measured on a rolling 5-year basis, US equities have beaten international equities for over 15 years running, making this the longest stretch of US outperformance ever recorded. ![](https://blog.syzgroup.com/hs-fs/hubfs/image-png-Jun-08-2026-02-15-31-5733-PM.png?width=1004&height=606&name=image-png-Jun-08-2026-02-15-31-5733-PM.png) Source: Charlie Bilello --- #### Chart #6 — ## **Europe is not part of the trillionaires club** What follows is the roster of stocks carrying a market capitalisation north of $1 trillion. For context, the total market cap of entire national markets stands at roughly $3.94 trillion for the UK, around $3.45 trillion for France, and about $3.04 trillion for Germany. Europe is genuinely falling behind. ![](https://blog.syzgroup.com/hs-fs/hubfs/image-png-Jun-08-2026-02-16-44-2617-PM.png?width=649&height=902&name=image-png-Jun-08-2026-02-16-44-2617-PM.png) Source: Michel A. Arouet    --- #### Chart #7 —  ## **Crypto ETF outflows are MASSIVE**  US Bitcoin ETFs recorded net outflows of -$534 million in the latest session, with $IBIT leading the way at -$389 million. This adds to a stubborn run of outflows over recent weeks, as Bitcoin ETFs have logged negative flows on most trading days since the start of May. More broadly, crypto funds shed -$1.7 billion over the past week, matching the heaviest weekly redemptions of the last year, bringing the total to more than -$4 BILLION in just three weeks. Sentiment across the crypto market is souring quickly. ![](https://blog.syzgroup.com/hs-fs/hubfs/image-png-Jun-08-2026-02-17-43-6587-PM.png?width=1004&height=606&name=image-png-Jun-08-2026-02-17-43-6587-PM.png) Source: zerohedge, Global markets investor --- #### Disclaimer This marketing document has been issued by Bank Syz Ltd. It is not intended for distribution to, publication, provision or use by individuals or legal entities that are citizens of or reside in a state, country or jurisdiction in which applicable laws and regulations prohibit its distribution, publication, provision or use. It is not directed to any person or entity to whom it would be illegal to send such marketing material. This document is intended for informational purposes only and should not be construed as an offer, solicitation or recommendation for the subscription, purchase, sale or safekeeping of any security or financial instrument or for the engagement in any other transaction, as the provision of any investment advice or service, or as a contractual document. Nothing in this document constitutes an investment, legal, tax or accounting advice or a representation that any investment or strategy is suitable or appropriate for an investor's particular and individual circumstances, nor does it constitute a personalized investment advice for any investor. This document reflects the information, opinions and comments of Bank Syz Ltd. as of the date of its publication, which are subject to change without notice. The opinions and comments of the authors in this document reflect their current views and may not coincide with those of other Syz Group entities or third parties, which may have reached different conclusions. The market valuations, terms and calculations contained herein are estimates only. The information provided comes from sources deemed reliable, but Bank Syz Ltd. does not guarantee its completeness, accuracy, reliability and actuality. Past performance gives no indication of nor guarantees current or future results. Bank Syz Ltd. accepts no liability for any loss arising from the use of this document. Read More ## Related Articles [The week in seven charts](https://blog.syzgroup.com/fast-food-for-thought/tag/the-week-in-seven-charts) #### [Bond market vs US Treasury: who will yield?](https://blog.syzgroup.com/fast-food-for-thought/bond-market-vs-us-treasury-who-will-yield?hsLang=en) Nothing seems to curb the 10-year Treasury yield’s rise. Meanwhile, Japan’s currency defense is drying up it’s FX reserves and the S&P 500 is hiding something important. Each week, the Syz investment team takes you through the last seven days in seven charts. **[Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/author/charles-henry-monchau?hsLang=en)** | 14/09/2026 [The week in seven charts](https://blog.syzgroup.com/fast-food-for-thought/tag/the-week-in-seven-charts) #### [A record US-China yield gap?](https://blog.syzgroup.com/fast-food-for-thought/a-record-us-china-yield-gap?hsLang=en) Meanwhile, European countries are having their own bond crisis. Each week, the Syz investment team takes you through the last seven days in seven charts. **[Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/author/charles-henry-monchau?hsLang=en)** | 07/09/2026 [The week in seven charts](https://blog.syzgroup.com/fast-food-for-thought/tag/the-week-in-seven-charts) #### [Nvidia’s record-breaking day](https://blog.syzgroup.com/fast-food-for-thought/nvidias-record-breaking-day?hsLang=en) Victoria’s Secret is back: a $100,000 investment has quadrupled since the Fashion Show’s return was announced. Each week, the Syz investment team takes you through the last seven days in seven charts. **[Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/author/charles-henry-monchau?hsLang=en)** | 31/08/2026 ## Straight from the Desk # Syz the moment Live feeds, charts, breaking stories, all day long. 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