🔼 $1.15 trillion was added to the U.S. stock market today.
🔼 555.6 million common shares were offered at $135 per share.
🔼 $75 billion was raised.
🔼 The IPO became the largest in history.
🔼 The company is now valued at $1.77 trillion.
🐷 Elon Musk’s net worth will surpass $1 trillion thanks to the SpaceX IPO.
🐂 The biggest IPO in history is structured like a memecoin.
And the trading mechanics at launch are heavily skewed toward a pump.
Only about 4% of the float will be trading during the first few days - basically a low-float token listing.
💰SPCX = the biggest low-float listing in the history of traditional finance.
🔽 Fading this IPO is the consensus trade: a 2x short ETF was launched ahead of the IPO, traders are opening funds to bet against it, and many are getting ready to become the heroes of the sequel to “The Big Short.”
🐻 The big short will probably happen eventually - but later, when fundamentals start to matter and lockup expirations begin, not when only 4% of the shares are available for trading.
How do you think this event will affect the markets⁉️
🔥 — Big Short
❤️ — Big Long
⭐ Our private trading chat.
😃 The prop firm we trade on.
➡️ The standard two-phase $25K challenge on Hash Hedge costs $299. Target: 8% in the first qualification + 6% in the second, two qualifications before a real account.
⚠️ The one-phase $25K during June 11-13 runs $349. Fifty bucks more, but one qualification instead of two. 10% target and a real account.
☄️ Time saved: the two-phase usually takes 12-15 trading days, the one-phase closes in 5-7. Roughly twice as fast to a real account.
The trade-off:
⚫️Daily drawdown: 3% (vs 5% in two-phase)
⚫️Overall drawdown: 6% (vs 10%/8% in two-phase)
⚫️Discipline is tighter - pass one stage and you trade real money straight away.
🗓 The offer runs until June 13 15:00 Dubai Time. Until June 13 15:00 Dubai Time.
You'll also always have access to the biggest discount available — 15–20% off — when you sign up using my link ➡ https://hashhedge.com/?fpr=odes
and use the 🔖 Promo code: ODES
P.S. New $30K tier - first time in the lineup, added in this launch. $15K is also available - an in-between option between $10K and $25K.
🤳 Despite the negative news backdrop, I'm still very interested in the liquidity resting around the 220 level.
📈 The asset has formed a daily bullish iFVG, and price is currently trading within that zone. We also had a liquidity sweep to the downside, which gives us a clear invalidation level for the setup.
What should we look at next?
🔥 — ETH
❤️ — FARTCOIN
🐳 — HYPE
⭐ Our private trading chat.
😃 The prop firm we trade on.