Neil Freiman

But yeah, unfortunately, we investors can't just type in Rosebud to our portfolios and get an infinite money glitch like you did in the Sims.

So you have to trim some of your stakes elsewhere to make money or to acquire money that you can invest in SpaceX or not to mention there's two other huge IPOs coming down the line in Anthropic and OpenAI.

And one asset class that seems to be very hard hit by people trimming their portfolios to clear out some space for SpaceX and Anthropic and OpenAI is

is Bitcoin.

Now, if you haven't been paying attention to Bitcoin, I don't blame you, but it is down 50% from its all-time high back in October.

Right now, it's trading at about $63,000.

Last week, it fell 15%.

Maybe that's not a coincidence, but that was the most since FTX imploded in November 2022.

So Bitcoin is in the dumps.

Another tech stocks are in the dumps, perhaps because of this SpaceX effect.

It's so big that its blast radius is taking down a bunch of tech companies

and crypto.

What's fascinating is that an industry that you might expect to be going down because of the SpaceX IPO is actually doing well, and that is the space industry.

Space stocks have actually been booming over the past 12 months.

AST Mobile is up 150% Rocket Lab.

is up 290%.

These do the same exact things that SpaceX, just on a much smaller scale, but perhaps like other industries you've seen, like Elon Musk and Jeff Bezos come into, it's sort of a validation.

It creates a halo effect around the entire industry and says, yeah, keep doing what you're doing.

We're the biggest player, but we're not going to have a monopoly on this space.

So it's been very interesting to see other tech stocks kind of get their lumps from SpaceX's IPO, but space stocks in general are doing pretty well.