MONOCORN

$SPCX opened positions in Spcx, Nvda, and BTC three times today, and all ended with losses. Sustained gains are indeed hard to come by—I let my guard down.

$SPCX Reduce the position a little, set a stop-loss, and stop watching. Don't be greedy.

$SPCX bought in at the peak again

$NVDA hit new highs, long-term could double

$BTC broke through and stabilized at 87k, the previous step

$BTC Oil prices and war factors are no longer a negative factor, and interest rate hike concerns are also no longer a negative factor. Don’t easily short BTC within the next three years.

$SPCX The valuation logic for SpaceX has shifted from “space manufacturing” to a “space + AI infrastructure” platform, driven mainly by the following factors:
AI compute power as the core growth engine: AI business Q2 revenue reached $2.6 billion (up 213% quarter-over-quarter), and adjusted EBITDA turned positive. Recently signed large orders for compute hosting (effective in December, with an annualized incremental amount of about $13.3 billion), together with long-term agreements with Google and Anthropic, support its goal of reaching $100 billion in annualized recurring revenue (ARR) by the end of 2026. Musk predicts that AI will account for 99% of the company’s value within 4–5 years.
Starlink delivers strong cash flow: As the only profitable segment, Q2 revenue was $4.29 billion (up 66% year-over-year). Operating margin was about 38.6%. Global paying users exceeded 12 million—serving as the “stabilizer” in the valuation.
Starship commercialization milestones are approaching: Starship’s 14th test flight (IFT-14) is scheduled for September 22. It will attempt for the first time to enter Earth orbit and deploy 26 production-version Starlink V3 satellites, marking Starship’s move from testing to commercial revenue generation.
Bank endorsement and target price increases: Morgan Stanley reiterated an “Overweight” rating and set a $300 price target; Goldman Sachs raised its target to $220; and Citi sees it long-term at above $900.
IPO effect and capital “siphoning”: After listing in June 2026, inclusion in key indices will bring passive fund allocation. With only about 4–5% of shares in circulation, supply-demand imbalance amplifies price sensitivity.

April