Anthony Hughes أُعيد تغريده
Why stop at $2T? Why not $10T?
*Walter Bloomberg@DeItaone
*SPACEX TARGETS MORE THAN $2 TRILLION VALUATION IN IPO
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Anthony Hughes
33.3K posts
Anthony Hughes أُعيد تغريده
Here are some ways in which the world has gotten better.
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Anthony Hughes أُعيد تغريده
When someone asks me what risk management is I show them this.
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Anthony Hughes أُعيد تغريده
How it feels to get paid $5.78 in dividends every 3 months meanwhile my stocks are down 40%
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Anthony Hughes أُعيد تغريده
Breaking news: Anthropic buys the All in podcast just to shut it down
Dario quoted as saying: “this isn’t even about new media I just want to stop seeing them on my timeline”
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Anthony Hughes أُعيد تغريده
Seth Klarman wrote this in 1998, but swap "Internet" for "AI" and it feels like a mirror image of 2026:
🚩 Extreme concentration in top 20 stocks
🚩 Valuations based on "inevitability" rather than cash flow
🚩 "home trading via the internet"
As Klarman wrote, "Most significantly, the prevailing bullish arguments focus on momentum, money flows, and inevitability; valuation underpinnings are not mentioned as part of the bull case."
History doesn't repeat, but it definitely rhymes.
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Anthony Hughes أُعيد تغريده
Anthony Hughes أُعيد تغريده
Yes i’m of the opinion $TSLA SpaceX are massively overvalued but believers believe & $TSLA has defied odds. Plus his buddies across tech support each other & help maintain the huge valuations for better access to cheap capital plus keep competitors at bay. They created a world where they don’t have to play by the same financial rules.
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Anthony Hughes أُعيد تغريده
Anthony Hughes أُعيد تغريده
Medallia loan value continues to decline, with latest marks at 69.
With the term loan in distress, the $5.1 billion of equity has certainly been vaporized.
This -100% private equity loss surpasses any private credit loss by an order of magnitude. Where's the media coverage?
Julian Klymochko@JulianKlymochko
Surprised no journalists have read $BXSL's 10-K filed this am, but I'll front run them with the story: Blackstone marked the Medallia loan at 78 in Q4, down from 82 in Q3. It's safe to say the PE sponsor's (and co-investors') $5 billion+ equity check has been vaporized.
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Anthony Hughes أُعيد تغريده
The three largest US (30% of global GDP)telecom companies with almost 100% market share, AT&T, T-Mobile and Verizon, have a combined market-cap of about $600B. They have slightly over 400M subscribers. That’s $1,500 per sub. Now extrapolate Starlink’s subs/market share.
TrendSpider@TrendSpider
The entire global space economy is estimated at ~$600B. At a $2T valuation, SpaceX would be more worth than 3X the entire industry it operates in.
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Anthony Hughes أُعيد تغريده
My Analyst and I presenting this quarters unchanged private credit marks to investors
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Anthony Hughes أُعيد تغريده
Bill Gates once argued that tech stocks should trade at lower multiples than consumer staples, due to disruption risk.
Nearly 30 years later, $KO is trading at a premium to $MSFT
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Anthony Hughes أُعيد تغريده
first the toilet breaks and now their email isnt opening. going to the moon is a functionally identical experience to working from home
Tom Warren@tomwarren
NASA’s mission to orbit the Moon is being interrupted by Outlook (New) and Outlook (classic) both refusing to open 😂
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Anthony Hughes أُعيد تغريده
imagine you invested in OAI at 800 billion for them to buy TBPN
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of course, once you are public it is the market that sets the valuation, not the company...
Bloomberg@business
Breaking: SpaceX boosted its target IPO valuation above $2 trillion as the world’s most valuable startup gears up to pitch potentially the biggest-ever market debut bloomberg.com/news/articles/…
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Anthony Hughes أُعيد تغريده
Of course they will - & retailers will probably pump the open to move name into 4th place. Since valuation means nothing in this mkt - I wouldn’t be surprised if they opened it double from opening price to threaten kingpin $NVDA
The Kobeissi Letter@KobeissiLetter
BREAKING: SpaceX has boosted its target IPO valuation to above $2 trillion, per Bloomberg. This would make SpaceX bigger than all but 5 companies in the S&P 500.
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Anthony Hughes أُعيد تغريده
thats what the "pundits" used to say about $TSLA. Now in Lucids case YUGE backing by Saudis. The nation’s sovereign wealth fund, the Public Investment Fund (PIF), is the majority shareholder, holding over 60% of the company. PIF has invested over $8 billion since 2018 to support Lucid's EV production, including establishing a manufacturing plant in Saudi Arabia.
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Anthony Hughes أُعيد تغريده
STUNNING🚨: Artemis II crew captured a stunning image of Earth this morning from 41,000 miles away.
The first time since 1972 that humans have seen a crescent Earth in full.
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Anthony Hughes أُعيد تغريده
You know all the experts who keep telling you that China will invade Taiwan when the West is A) distracted, B) out of munition, C) in a panic, D) some random timeline that only they understand...
Why doesn't Beijing act RIGHT NOW?
(Watch me regret this tweet in a week!).
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