Syz the moment

Source: Fred, Win Smart

A chart by Chartr. SpaceX, which has a wide-ranging set of commercial interests beyond taking tourists to the edge of space, continues to move forward — with a tender offer reported last week that could value it at $175bn. Plans for thousands of internet satellites, commercial travel to the moon, a base on the lunar surface and even loftier goals to turn the human race into an interplanetary species by colonizing other planets, are all ambitions of the California-based company. SpaceX has catalyzed much of the excitement about space tourism. The company’s two-stage Falcon 9 rocket is able to launch a kilogram into low-Earth orbit for just ~$1,500, a 10-20x decrease in cost in roughly as many years. That's due to its (partial) reusability — a breakthrough that’s helped SpaceX dominate commercial launchpads in the US. Indeed, FAA data reveals that SpaceX has completed 281 licensed launches since 2000 — 9x as many as Blue Origin and Virgin Galactic have managed between them. Source: Chartr

The US Treasury is selling $108 billion of 3-year, 10-year and 30-year bonds on Monday and Tuesday, along with $213 billion of shorter-term bills. This year’s Treasury sales are poised to surpass the record set in 2020. Source: Lisa Abramowitz, WSJ

After its eight straight green week, Bitcoin is finally taking a breather. The decline comes at a time of low volume and liquidity. Source: Kobeissi Letter

Dow ETF $DIA: 0% S&P 500 ETF $SPY: -1.0% Nasdaq 100 ETF $QQQ: -1.7% Russell 2000 Small Cap ETF $IWM: -21% ARK Innovation ETF $ARKK: -68% Source: Charlie Bilello

Source: DB, Win Smart

Gemini AI

At the same time, the S&P 500 has gained 764% (>7% per year) after adjusting for inflation. Source: Charlie Bilello