Latest / Felix Nikolas Prehn's Podcast / Felix Prehn - SpaceX Stock Just Crashed — Here’s Why + Stock Market News 27 June 2026

Transcript

Felix Prehn - SpaceX Stock Just Crashed — Here’s Why + Stock Market News 27 June 2026 · Felix Nikolas Prehn's Podcast

• 0:05
  SPEAKER_00: SpaceX just lost four hundred billion dollars in a single day.
• 0:09
  SPEAKER_00: That is the second largest wipeout in the history of the stock market in just one day.
• 0:16
  SPEAKER_00: But what's really terrifying is why it crashed.
• 0:20
  SPEAKER_00: Because SpaceX didn't crash in a vacuum.
• 0:23
  SPEAKER_00: There's a perfect storm happening right now, a tech seller, an AI spending panic, and an economic backdrop that makes SpaceX's timing look like, well, maybe just the worst IPO launch window in a decade.
• 0:38
  SPEAKER_00: And by the end of this video, you will not be full of fear and FOMO.
• 0:43
  SPEAKER_00: Instead, you'll understand exactly why SpaceX crashed, what's coming next, because there's an opportunity here, and how Wall Street is positioning around it right now.
• 0:53
  SPEAKER_00: My name is Felix Spring, I'm an ex-investment banker, and I've seen how IPOs usually are set up and who benefits from them.
• 1:02
  SPEAKER_00: And the chart that I always look at is essentially a version of what I've got on the screen here.
• 1:07
  SPEAKER_00: And it means IPO starts, crazy excitement, retail buys the top, it crashes, and then nothing happens for a long period of time.
• 1:16
  SPEAKER_00: And then we get a big beautiful opportunity to potentially make a lot of money.
• 1:20
  SPEAKER_00: And my mission here is very simple: take the playbook that Wall Street keeps locked behind closed doors and hand it to you.
• 1:26
  SPEAKER_00: Because the knowledge gap between institutional investors and retail investors is what costs regular people the most money.
• 1:34
  SPEAKER_00: So today I'm going to close some of that gap for you, starting with SpaceX.
• 1:39
  SPEAKER_00: So here's what we're going to be covering.
• 1:40
  SPEAKER_00: We're going to cover the breakdown of the SpaceX crash from every angle.
• 1:45
  SPEAKER_00: First, the crash itself, what happened, the numbers, and why the damage isn't over yet.
• 1:49
  SPEAKER_00: Second, the tech sell-off that created the environment for this crash, because this wasn't not a just SpaceX thing, this is a lot of stuff.
• 1:57
  SPEAKER_00: Third, the AI spending panic, which is the real reason institutional money is pulling back from this high tech valuation plays like SpaceX.
• 2:07
  SPEAKER_00: And then fourth, the economic backdrop that makes SpaceX's timing so important.
• 2:13
  SPEAKER_00: The interest rates and the macro that reveals something about where the economy is actually headed.
• 2:20
  SPEAKER_00: And then fifth, yes, it's always a big video, this my framework for what to actually do about all of this, because understanding the crash is useless if you haven't got a plan.
• 2:29
  SPEAKER_00: And I know there's a lot of information, a lot of data, a lot of rules I'm throwing at you here.
• 2:34
  SPEAKER_00: So there's a free report you can download with this video in its full glory at phelixfriends.org/slash space.
• 2:41
  SPEAKER_00: And it'll tell you even more than I can tell you in this video because I would otherwise be a very long, long video.
• 2:47
  SPEAKER_00: But we're going to get into the really important things and then read the document, then you're going to get a ton of up.
• 2:51
  SPEAKER_00: It's completely free, just part of our mission to make you better informed and better skilled and better educated.
• 2:57
  SPEAKER_00: So when SpaceX went public, the stock initially went up beautifully, right?
• 3:02
  SPEAKER_00: 48% or something like that, a bit more than that, even.
• 3:05
  SPEAKER_00: And then guess what?
• 3:06
  SPEAKER_00: Well, it gave it all back to the loves on Wall Street.
• 3:11
  SPEAKER_00: And just a few days ago, everyone was a freaking genius.
• 3:15
  SPEAKER_00: Everyone was posting screenshots of their gains.
• 3:17
  SPEAKER_00: And if you've been watching my channel for a little while, you know I warned about this, right?
• 3:22
  SPEAKER_00: I said the stock would pop, likely, right?
• 3:25
  SPEAKER_00: Check that happened on day one.
• 3:27
  SPEAKER_00: But I also said that the stock is likely to get cut down pretty harshly.
• 3:33
  SPEAKER_00: And guess what's happening right now?
• 3:35
  SPEAKER_00: And no, I don't have a crystal ball.
• 3:38
  SPEAKER_00: I just understand how these things are structured, and they're structured to sell at the highest price possible, not to make you as rich as possible, right?
• 3:48
  SPEAKER_00: It's a very different, very different thing.
• 3:50
  SPEAKER_00: So SpaceX has wiped out all of its gains.
• 3:54
  SPEAKER_00: What actually triggered it?
• 3:55
  SPEAKER_00: Well, right after going public, which meant that they sold shares and they collected money, they turned around and they issued a bond.
• 4:03
  SPEAKER_00: And I think a lot of people got caught out by that one.
• 4:06
  SPEAKER_00: Why?
• 4:07
  SPEAKER_00: Because they were asking for more money from the market.
• 4:10
  SPEAKER_00: And instead of saying, hang on, these guys might need more money than this particular IPO, which might mean they might dilute the heck out of us, which might not be all that good for us, right?
• 4:18
  SPEAKER_00: So it spooked the market.
• 4:20
  SPEAKER_00: Because what I also said to you is that SpaceX is a business that, um in principle, could be amazing down the road, but they're not generating any cash.
• 4:28
  SPEAKER_00: They need lots of cash from you, and they needed more cash than the IPO brought in so that the bond offer afterwards.
• 4:36
  SPEAKER_00: But it wasn't just that.
• 4:37
  SPEAKER_00: You need to also understand the environment it was crashing into.
• 4:41
  SPEAKER_00: And most people are missing this.
• 4:43
  SPEAKER_00: What I always say with any stock, with any investment, you need to zoom out.
• 4:47
  SPEAKER_00: You need to look at the industry to understand is money pouring into the industry because Wall Street makes decisions on the industry level first, stock level second, and the Nasdaq dropped roughly 4% in a single week.
• 5:00
  SPEAKER_00: Now, that's a trillion dollars gone in two days.
• 5:04
  SPEAKER_00: It isn't a dip, it's pretty important.
• 5:06
  SPEAKER_00: Chipmakers got hit the hardest.
• 5:08
  SPEAKER_00: AMD down significantly, Nvidia down, Broadcom down, TSMC down, right?
• 5:15
  SPEAKER_00: Everyone down, big tech stocks down.
• 5:17
  SPEAKER_00: And then it wasn't just an American problem.
• 5:19
  SPEAKER_00: No, our friends in South Korea, that stock market dropped 10% in just one day, which would really make you, you know, get worried.
• 5:28
  SPEAKER_00: So Asian markets took a nose dive.
• 5:31
  SPEAKER_00: And loads of international money had been chasing the Korean stock market because it's on this crazy, highly leveraged rally.
• 5:38
  SPEAKER_00: So they all have to close their positions.
• 5:40
  SPEAKER_00: How do you close a position?
• 5:42
  SPEAKER_00: You sell.
• 5:43
  SPEAKER_00: And I mean, let's be honest here, SpaceX is trading at a hundred times revenue.
• 5:50
  SPEAKER_00: So it's not exactly, you know, the steel of the century.
• 5:53
  SPEAKER_00: So everyone then goes, bad stuff's happening.
• 5:56
  SPEAKER_00: Let's sell the most highly valued things.
• 5:59
  SPEAKER_00: But there's another story that most people missed.
• 6:02
  SPEAKER_00: Two of Google's top AI researchers, we're talking like top 10 in the world level talent, they left Google and they went to a competitor called OpenAI and Anthropic.
• 6:13
  SPEAKER_00: Now they didn't just leave quietly, they said Google is too bureaucratic and they will therefore never be able to achieve this intelligence level which AI is striving for.
• 6:24
  SPEAKER_00: And there are probably only about 100 people in the entire world right now that can push the boundaries of AI.
• 6:30
  SPEAKER_00: And two of them just told the world that Google isn't where the next breakthrough is going to happen.
• 6:36
  SPEAKER_00: Now, why does this add up for SpaceX?
• 6:38
  SPEAKER_00: Because SpaceX has been transforming itself from a rocket company into what they're now calling a neo-cloud business.
• 6:46
  SPEAKER_00: The majority of SpaceX's revenue is coming from selling data center capacity to AI companies, including Google and Anthropic.
• 6:54
  SPEAKER_00: And if the AI narrative cracks, SpaceX's new business model cracks with it because the vast majority of the valuation that they're trying to justify here is based on AI.
• 7:07
  SPEAKER_00: And the real underlying problem here is uncertainty.
• 7:12
  SPEAKER_00: Wall Street likes certainty.
• 7:14
  SPEAKER_00: They like to know that you're going to make a billion or a billion and you know 50 million on top, but they don't want to make it to tell them that they're going to make either nothing or a 10 billion.
• 7:23
  SPEAKER_00: That's not a range they can handle.
• 7:25
  SPEAKER_00: And right now we're in a zone that we haven't really seen before.
• 7:29
  SPEAKER_00: The US economic growth.
• 7:31
  SPEAKER_00: Normally, again, we're arguing is a 2.1%, is it 2.2%, you know, who cares?
• 7:37
  SPEAKER_00: But right now, if AI delivers on its promise, the Holy Grail, the Holy Land, the promised land, all of that stuff, then GDP could grow 5%.
• 7:48
  SPEAKER_00: But if AI is just sort of like, yeah, it's a nice technology, but isn't really changing everything, then GDP will grow 1%.
• 7:57
  SPEAKER_00: And that's pretty wide.
• 8:00
  SPEAKER_00: That's pretty crazy.
• 8:01
  SPEAKER_00: And therefore, every bad piece of news sends Wall Street running to it's only 1% economic growth because everyone's going to stop spending money on data centers, or a little bit of good news, and we all run through the 5% economic growth because AI is the future, it's going to save us.
• 8:18
  SPEAKER_00: It's amazing.
• 8:18
  SPEAKER_00: Oh my God, how good is this, right?
• 8:21
  SPEAKER_00: And SpaceX, sitting at 100 times revenue valuation, is betting everything on AI infrastructure.
• 8:27
  SPEAKER_00: So we're in an environment that is toxic for an AI stock.
• 8:31
  SPEAKER_00: And it still is.
• 8:32
  SPEAKER_00: Now, I know it's going in your head right now.
• 8:34
  SPEAKER_00: You're like hearing all of this, the sell-off, the volatility, the big moves, the economy, and oh my God, this is a lot of information, but what do I do?
• 8:42
  SPEAKER_00: Right?
• 8:43
  SPEAKER_00: Like, do I sell my tech stocks?
• 8:44
  SPEAKER_00: Do I buy the dip?
• 8:45
  SPEAKER_00: Do I move to cash?
• 8:46
  SPEAKER_00: Do I just close my laptop and pretend not this is happening?
• 8:48
  SPEAKER_00: Like la la la la la la la, right?
• 8:50
  SPEAKER_00: And that feeling right there, that overwhelm is exactly what a certain industry is counting on.
• 8:57
  SPEAKER_00: And I mean, some people might say the industry is Wall Street, some people might say that industry is Ben and Jerry's.
• 9:02
  SPEAKER_00: But when retail investors don't have a plan, they don't do one of two things.
• 9:06
  SPEAKER_00: They panic sell at the bottom, or they freeze and they do nothing, or the smart money scoops up the bargains that are about to ram.
• 9:14
  SPEAKER_00: And either way, well, you lose.
• 9:16
  SPEAKER_00: And look, I get it.
• 9:17
  SPEAKER_00: There's more information, financial data out there today than at any point in human history.
• 9:21
  SPEAKER_00: You can pull up all the charts, you can read all the reports, you can watch 17 different YouTube channels, including this one, but more data doesn't really make better decisions.
• 9:30
  SPEAKER_00: Most of the time, it just means more confusion.
• 9:33
  SPEAKER_00: Now, I've already written out my plan, my exact strategy for iron positioning for the rest of this year.
• 9:40
  SPEAKER_00: Written out.
• 9:41
  SPEAKER_00: I know exactly what I'm going to be doing based on all of this data.
• 9:45
  SPEAKER_00: And what I want to do is share that plan with you.
• 9:49
  SPEAKER_00: Because your portfolio very likely is broken right now.
• 9:52
  SPEAKER_00: What do I mean by that?
• 9:54
  SPEAKER_00: I mean you are in things that you shouldn't be in, you are not in things that you should be in, and you probably have far too much risk on in the in the tech and the AI world because you firm it into it, which is natural.
• 10:06
  SPEAKER_00: And sometime in late July, when the earnings reports keep coming in, start coming in from the big tech companies, you're going to find out whether that was a good decision or not.
• 10:17
  SPEAKER_00: So what I'm saying to you is your portfolio is broken and you're not going to find out just how broken it really is till the end of July, which isn't really giving you much comfort, is it?
• 10:26
  SPEAKER_00: So what I want to do for you for you instead is run a two-hour teaching session where I will literally walk you through the exact plan that I have.
• 10:37
  SPEAKER_00: The plan that I base on the things I learned from my Wall Street mentors, how to read the signals, how to build a portfolio, how to have a written plan so you know what to do, you're not second guessing every single day, and you're not checking your portfolio every five minutes, hoping it's going to go up, because you no longer need hope.
• 10:52
  SPEAKER_00: And there'll be two kinds of people.
• 10:54
  SPEAKER_00: There'll be the people who will learn this, and then be the people who wish they had learned this in about six months from now.
• 11:00
  SPEAKER_00: And I'm a I'm an optimist, but I'm also someone who's got automated risk management on my entire portfolio.
• 11:07
  SPEAKER_00: So I can sleep really, really, really well.
• 11:09
  SPEAKER_00: Now you can get yourself a free seat, 100% free to this teaching session at mygrateportfolio.com, because that's our goal, right?
• 11:19
  SPEAKER_00: Mygrateportfolio.com.
• 11:21
  SPEAKER_00: There's a link down below in the description.
• 11:22
  SPEAKER_00: Grab yourself a seat.
• 11:24
  SPEAKER_00: And if you're going to show up for yourself, be there, learn the skills, not the news and the noise and some more data.
• 11:30
  SPEAKER_00: No, actually the skills of how to manage your money better, more responsibly, have better risk management, knowing to actually sell and all that good stuff, then write, I'm going to show up in the comments.
• 11:41
  SPEAKER_00: Just write, I'm showing up, or just show up in the comments, and I know you'll be there and I look forward to it.
• 11:46
  SPEAKER_00: But I want you to understand the SpaceX story a little bit later, a little bit more detail.
• 11:50
  SPEAKER_00: Because let me explain the valuation of SpaceX.
• 11:53
  SPEAKER_00: Say if you own a lemonade stand that makes$1,000 a year in revenue, right?
• 11:58
  SPEAKER_00: Say you're six years old.
• 12:00
  SPEAKER_00: A hundred times revenue valuation means someone is paying$100,000 for your lemonade stand.
• 12:07
  SPEAKER_00: Before costs, before you bought the lemons, before you paid your little friend, you know, a few dollars or whatever, just for the revenue.
• 12:16
  SPEAKER_00: So you need an insane amount of growth to justify the price tag.
• 12:20
  SPEAKER_00: That's where SpaceX listed before the bond offering, before the sell-off, before any bad news, before the cheap Chinese AI models came out.
• 12:32
  SPEAKER_00: And in fairness, SpaceX isn't EliminateStam, right?
• 12:36
  SPEAKER_00: But it is a business so complex and complicated that most investors don't understand what SpaceX actually does.
• 12:49
  SPEAKER_00: If you asked anybody a year ago what SpaceX was all about, well, all their revenue came from this.
• 12:54
  SPEAKER_00: This is a Starlink mini dish.
• 12:56
  SPEAKER_00: It's one of the coolest things on the planet, if you ask me.
• 12:58
  SPEAKER_00: I absolutely love the thing.
• 13:00
  SPEAKER_00: I can be on a beach, I can be on a boat, I can be on an island, I can be in a hotel with crummy Wi-Fi, and I've got glorious Wi-Fi.
• 13:07
  SPEAKER_00: How amazing.
• 13:08
  SPEAKER_00: It's their satellite internet business.
• 13:10
  SPEAKER_00: They also had a little bit of space exploration contracts, but it was pretty straightforward.
• 13:14
  SPEAKER_00: Rockets, internet from space.
• 13:16
  SPEAKER_00: But now the majority of their revenue is coming from this neo-cloud business.
• 13:22
  SPEAKER_00: Basically, they're selling data center capacity to AI centers, uh AI companies.
• 13:27
  SPEAKER_00: They've got contracts with Anthropic, with Google and others.
• 13:30
  SPEAKER_00: They're essentially becoming a cloud infrastructure provider like Amazon, but run by a rocket company.
• 13:38
  SPEAKER_00: And this new business, it is insanely money intensive.
• 13:42
  SPEAKER_00: They need an enormous amount of money to build more data centers, to buy all the chips, and they want to build data centers in space.
• 13:50
  SPEAKER_00: Yes.
• 13:51
  SPEAKER_00: Imagine the planning process in space.
• 13:53
  SPEAKER_00: I mean, the aliens are going to be like, is this going to affect the spacefrog?
• 13:58
  SPEAKER_00: You know, it could be bad for them.
• 13:59
  SPEAKER_00: No, but in all seriousness, it's uh something no one's ever done before.
• 14:04
  SPEAKER_00: So is this an interesting company?
• 14:06
  SPEAKER_00: Yeah.
• 14:07
  SPEAKER_00: Is it the company you thought you were buying when you saw SpaceX IPO?
• 14:11
  SPEAKER_00: Probably not.
• 14:12
  SPEAKER_00: Is it worth what the market was paying for it?
• 14:14
  SPEAKER_00: The data would disagree.
• 14:16
  SPEAKER_00: And what makes this a little scary for SpaceX shareholders is the lockup expirations haven't even happened yet.
• 14:23
  SPEAKER_00: And if for those of you who don't know what that means, basically the early investors, the guys who bought this in the private equity rounds, which is private.
• 14:32
  SPEAKER_00: So it's not publicly listed.
• 14:34
  SPEAKER_00: It means you are wealthy, it means you have good connections, and then they let you in and let you buy some shares.
• 14:40
  SPEAKER_00: Well, they're not allowed to sell their shares right now.
• 14:43
  SPEAKER_00: Their shares are locked up.
• 14:46
  SPEAKER_00: And I'm not going to run you through all the data points there because we've done that before.
• 14:49
  SPEAKER_00: If you want to watch out one of our other SpaceX videos, but there will also be, and I want to just include that here for completeness sake, they're going to be included in the Nasdaq 100.
• 14:59
  SPEAKER_00: And that's also going to be good because money has to buy SpaceX, whether they want to or not.
• 15:04
  SPEAKER_00: You will all own SpaceX if you own a Nasdaq index fund, like QQQ or something like that.
• 15:10
  SPEAKER_00: You will own SpaceX, and many of you do.
• 15:13
  SPEAKER_00: But here's the piece that ties everything together.
• 15:16
  SPEAKER_00: Because the SpaceX crash isn't about SpaceX's valuation or even the lockups or even the bonds, really.
• 15:23
  SPEAKER_00: There is a much bigger reason institutional money is pulling back from these tech companies, and SpaceX is sort of ground zero for it.
• 15:32
  SPEAKER_00: There is a philosophical war happening on Wall Street right now.
• 15:36
  SPEAKER_00: And depending on which side wins, your portfolio, and especially SpaceX, is going into a very, very different direction.
• 15:43
  SPEAKER_00: Now, Camp One says big tech is spending too much money on AI.
• 15:47
  SPEAKER_00: The returns aren't common.
• 15:49
  SPEAKER_00: They're burning hundreds of billions on data centers and chips, and nobody's proven that AI can generate enough revenue to justify it.
• 15:57
  SPEAKER_00: So these people are selling Microsoft, they're selling NVIDIA, they're selling Amazon, they're definitely selling SpaceX.
• 16:02
  SPEAKER_00: And then you've got the second camp.
• 16:04
  SPEAKER_00: They're saying, Mr.
• 16:05
  SPEAKER_00: Lurley, AI is going to reshape the whole global economy.
• 16:09
  SPEAKER_00: The companies building the infrastructure today will be the winners in the next decade.
• 16:13
  SPEAKER_00: And these people are buying aggressively.
• 16:16
  SPEAKER_00: And it is why this is so difficult.
• 16:19
  SPEAKER_00: Because the market is basically siding with both camps at the same time.
• 16:22
  SPEAKER_00: The market is schizophrenic.
• 16:24
  SPEAKER_00: Let me explain what I mean.
• 16:25
  SPEAKER_00: The valuations of companies like Nvidia and Microsoft and Micron right now imply that the AI cycle is peaking, that it's going to roll over.
• 16:36
  SPEAKER_00: The market is pricing these stocks as if AI is about to disappoint.
• 16:39
  SPEAKER_00: At the same time, smaller, more speculative AI companies, the optical networking guys, newer chip companies, their valuations imply the AI cycle is going to continue raging all the way through 2030 and beyond.
• 16:54
  SPEAKER_00: It's kind of confusing, right?
• 16:56
  SPEAKER_00: The market is saying AI is failing, and it's saying AI is just getting started.
• 17:01
  SPEAKER_00: So where does SpaceX fit into this?
• 17:03
  SPEAKER_00: Well, it's priced like the most optimistic AI play in the market.
• 17:06
  SPEAKER_00: 100 times revenue, right?
• 17:07
  SPEAKER_00: It's just like kind of insane.
• 17:09
  SPEAKER_00: And that's also why SpaceX got hit so hard, because it's just valued kind of insanely.
• 17:15
  SPEAKER_00: So let me tell you what the top analysts, the people managing the billions of money, are actually doing right now.
• 17:21
  SPEAKER_00: And this affects the SpaceX thesis and your whole tech stock investing thesis.
• 17:26
  SPEAKER_00: They're looking at companies like Microsoft and Nvidia and Micron.
• 17:30
  SPEAKER_00: These companies were real businesses, real revenue, real cash flow.
• 17:35
  SPEAKER_00: They're the foundational layer of the AI built out.
• 17:38
  SPEAKER_00: And their valuations right now, they are historically low.
• 17:44
  SPEAKER_00: The market's beaten them up pretty badly, but their businesses are actually growing.
• 17:48
  SPEAKER_00: So these companies are telling investors our data center capacity, we spend all the money on, we already sold it.
• 17:54
  SPEAKER_00: We know the cost, we know the markup, we know the returns.
• 17:57
  SPEAKER_00: But investors right now just aren't buying that narrative.
• 18:01
  SPEAKER_00: Fear is winning over facts.
• 18:04
  SPEAKER_00: So when big money, institutional money is not in Microsoft with a proven business model, why on earth would they stay in SpaceX?
• 18:13
  SPEAKER_00: We're just trading at a hundred times revenue, losing money, and raising capital to survive.
• 18:19
  SPEAKER_00: Well, they're not.
• 18:20
  SPEAKER_00: And that's exactly why SpaceX crashed.
• 18:23
  SPEAKER_00: Not because of one bond offering, not because the entire institutional appetite for high valuation AI prices is evaporating.
• 18:29
  SPEAKER_00: It's just it's just more risks than they're willing to take right now.
• 18:34
  SPEAKER_00: But it doesn't mean everything is garbage out there.
• 18:36
  SPEAKER_00: When the market is being irrational, that's where the skilled investors start writing checks.
• 18:43
  SPEAKER_00: Not when everything is sunshine and rainbows, but when there's blood in the streets, because there are businesses that are amazing underlying businesses that are healthy and you can buy them at a discount.
• 18:54
  SPEAKER_00: There are very few things in life where if I told you what you wanted to buy, it just got cheaper, you'd be upset about it.
• 19:01
  SPEAKER_00: But I know with stocks, psychologically very hard to buy cheaper.
• 19:06
  SPEAKER_00: And cheap isn't a great word to use foot.
• 19:08
  SPEAKER_00: But for those of you who are patient, A, if you want to really learn the skills, you want to have a real written plan for the next 90 days and for the rest of the year, join me at the live session, uh, the live teaching session.
• 19:20
  SPEAKER_00: There's a link down below in the description.
• 19:22
  SPEAKER_00: But for those of you who want to understand a little bit more about where the risks are right now, the US dollar just hit its highest level since late last year.
• 19:31
  SPEAKER_00: Oil prices have been declining.
• 19:33
  SPEAKER_00: Now they go up again one day and down again another day because some lunatic shoots a drone or something at a tanker.
• 19:40
  SPEAKER_00: But there is a growing expectation that interest rates could actually go up.
• 19:45
  SPEAKER_00: Certainly there won't be any cuts anytime soon.
• 19:48
  SPEAKER_00: Why?
• 19:49
  SPEAKER_00: All this geopolitical uncertainty.
• 19:51
  SPEAKER_00: The Middle East stuff could keep pushing oil prices higher for longer than people would want it to, which means inflation was just already at 4%, which is crazy.
• 20:00
  SPEAKER_00: Central banks can't cut rates when inflation is 4%.
• 20:03
  SPEAKER_00: Now, at the moment, the market is not pricing in a rate hike.
• 20:08
  SPEAKER_00: But what we've seen over the last several months is that that expectation can change overnight.
• 20:13
  SPEAKER_00: And higher interest rates are kryptonite for tech stocks.
• 20:18
  SPEAKER_00: They make future earnings worth less.
• 20:21
  SPEAKER_00: It crushes growth valuations.
• 20:23
  SPEAKER_00: And the higher the valuation, the harder you get hit, the further you have to fall.
• 20:28
  SPEAKER_00: So you think about that through the SpaceX lens, the company trading at 100 times revenue, I know I've said it 10 times, but it's true.
• 20:35
  SPEAKER_00: Interest rates go up.
• 20:37
  SPEAKER_00: The current value of that future growth goes down a lot.
• 20:41
  SPEAKER_00: It's a bit of a weird concept, just take my word for it for now.
• 20:44
  SPEAKER_00: So SpaceX is the most exposed stock in the market to rising interest rates.
• 20:49
  SPEAKER_00: So let's pull this all together.
• 20:51
  SPEAKER_00: We've thrown a lot at you here, and I want you to walk away from this video with something really actionable.
• 20:55
  SPEAKER_00: Not just about SpaceX, but about any stock in the market.
• 20:57
  SPEAKER_00: We've covered the SpaceX crash itself, that big drop, right?
• 21:01
  SPEAKER_00: We've covered the tech sell-off that created the environment, the spending panic, institutional money pulling away, the economic backdrop that makes the SpaceX growth story a little harder to believe.
• 21:20
  SPEAKER_00: You want to ask yourself, is the current volatility, the up and down, is that is that a temporary thing?
• 21:25
  SPEAKER_00: Is that something that's going to stick around?
• 21:27
  SPEAKER_00: What we're seeing in tech right now is largely driven by uncertainty about AI's returns.
• 21:32
  SPEAKER_00: But the underlying technology is real and it's amazing.
• 21:35
  SPEAKER_00: We use it in a lot of my businesses every day.
• 21:37
  SPEAKER_00: It's incredible what we can do.
• 21:39
  SPEAKER_00: The revenue is growing.
• 21:41
  SPEAKER_00: Companies like Microsoft and NVIDIA, these businesses are profitable.
• 21:46
  SPEAKER_00: So it looks more like a temporary pricing than a complete collapse.
• 21:50
  SPEAKER_00: And for SpaceX, the company is transitioning from being a rocket company to being a cloud computing company.
• 21:57
  SPEAKER_00: Now the lockups will expire, that'll give us some temporary.
• 22:00
  SPEAKER_00: Up and down.
• 22:01
  SPEAKER_00: But where is the market being inconsistent?
• 22:04
  SPEAKER_00: You talked about this a little bit, right?
• 22:05
  SPEAKER_00: The market is pricing big tech as if AI is failing, and it's pricing in little tech as if AI is the best thing since sliced bread.
• 22:13
  SPEAKER_00: And it tells you something.
• 22:14
  SPEAKER_00: The market can't make up its mind.
• 22:16
  SPEAKER_00: But the disciplined investor who follows the data, not the emotions, has a real chance to win here.
• 22:23
  SPEAKER_00: For that, you need a clean, clear plan.
• 22:25
  SPEAKER_00: So join me and learn that with us at mygrateportfolio.com completely free live session.
• 22:32
  SPEAKER_00: And then I would ask myself as an investor, what's my macro exposure here?
• 22:37
  SPEAKER_00: What happens when interest rates go up or down?
• 22:39
  SPEAKER_00: What happens when oil prices stay higher for longer?
• 22:43
  SPEAKER_00: Now, if you are in high growth tech stocks, those will get hit the hardest, especially if they're not profitable.
• 22:49
  SPEAKER_00: So you don't need to predict these things.
• 22:51
  SPEAKER_00: You don't even need to be right on these things.
• 22:52
  SPEAKER_00: You just need to understand it so that the way you're positioned, your risk management, your exposure is in a place that can handle you.
• 23:02
  SPEAKER_00: And that doesn't delay your retirement or it doesn't make you lose sleep.
• 23:06
  SPEAKER_00: So you're heavy in SpaceX or similar very high valuation tech space, your exposure to risk right now is enormous.
• 23:14
  SPEAKER_00: And I see it every day.
• 23:15
  SPEAKER_00: People say to me, oh my God, the market's crashing.
• 23:17
  SPEAKER_00: I'm like, the SP is like flat today.
• 23:19
  SPEAKER_00: How are you down 10% in a day?
• 23:22
  SPEAKER_00: And they say, I'm down sometimes, I'm down 20%.
• 23:24
  SPEAKER_00: I'm like, well, I can tell you, you're far too much exposure to high growth tech right now.
• 23:30
  SPEAKER_00: And it's a lovely place to be.
• 23:32
  SPEAKER_00: I also own some high growth tech, but it's gotta be a part of your portfolio, not the whole thing.
• 23:37
  SPEAKER_00: Now, the problem is the mainstream media only ever talks about high growth tech and it therefore lulled you into these highly risky investments when you can buy 5,000 other stocks that are liquid and trading in the US.
• 23:50
  SPEAKER_00: And some of these are really, really great.
• 23:52
  SPEAKER_00: So I've taken all of this, the tech environment, the AI spending panic, the economic backdrop, all that macro risk, and I've turned it into a 90-day action plan.
• 24:01
  SPEAKER_00: It's not theory, it's not vague, it's very specific, step by step.
• 24:04
  SPEAKER_00: It's a playbook for how I am positioning my portfolio for the rest of the year.
• 24:08
  SPEAKER_00: And I want to share with you, I want to teach it to you life, the principles, the rules, so you can come up with your own plan.
• 24:16
  SPEAKER_00: And I'm gonna do that a free two-hour training session.
• 24:20
  SPEAKER_00: I'm gonna walk you through the whole thing.
• 24:21
  SPEAKER_00: It's called Why Your Portfolio Is Broken.
• 24:24
  SPEAKER_00: And you won't know until the end of July if it really is.
• 24:27
  SPEAKER_00: And I'll show you exactly what I'm doing, why I'm doing it, and how you can build your own version.
• 24:32
  SPEAKER_00: So we're gonna cover what the institutions are doing, how to read the signals, how to have a real plan, not react to headlines like the SpaceX crash here.
• 24:40
  SPEAKER_00: And for those of you you're gonna show up, let me know down below in the comments.
• 24:45
  SPEAKER_00: Uh go to migrateportfolio.com, grab yourself a free seat.
• 24:48
  SPEAKER_00: It's no credit card requirement, it's no catch, it's just a real teaching session.
• 24:53
  SPEAKER_00: And if this video has helped you with a little bit of clarity, or you're just thinking about stuff, maybe share it with somebody and maybe even share the link to the live training to somebody else you think might benefit from having a plan.
• 25:05
  SPEAKER_00: So they're not like yo-yoing between, you know, oh my God, I'm so clever, euphoria, I made money too.
• 25:10
  SPEAKER_00: Oh my God, why did this happen?
• 25:11
  SPEAKER_00: The market's manipulated, I'm incredibly frustrated and pissed off right now.
• 25:14
  SPEAKER_00: We want to avoid that.
• 25:16
  SPEAKER_00: If you've got some value there, share it and I wish you all the best.
• 25:20
  SPEAKER_00: If you own any tech stocks or index funds, what I'm about to show you could be the difference between missing out on a generational opportunity or potentially multiplying your money.