💀 Burry's 2 Charts of Doom

At $1.75 trillion, SpaceX is now worth more than Coca-Cola, Disney, and Netflix combined — a company with no public earnings track record and a $135 price tag set by the people selling it to you.

Do the math. To justify that valuation, SpaceX would have to grow into one of the largest companies on Earth before you ever see a profit. History is brutal on day-one IPO buyers who pay that kind of premium. Most are underwater within a year.

There's a smarter way to ride the wave. Our analyst found 3 stocks positioned to ride the SpaceX boom — without the bubble pricing. You get the tickers, entry guidance, price targets, a bonus 4th pick, and a 3-phase buy/sell playbook.

The window before Wall Street rotates in is closing.

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Michael Burry is back on his doom soapbox. And this time he brought Batman quotes.

The Big Short legend spent the weekend torching the AI trade on X, capping it off with the Joker's line from the 1989 film:

"The end is nigh. Dancing with the devil in the pale moon light."

Subtle, Michael. Very subtle.

His actual argument? The AI story isn't a revolution. It's a habit.

"The AI narrative is nothing more than mass addiction," he wrote. Then came the kicker: it "may die a death by a thousand cuts, and I have only seen a few dozen so far."

He thinks we're maybe 3% into the pain.

But Burry didn't just bring vibes. He brought charts.

Two of them, courtesy of Bloomberg:

• Chart 1 (via UBS): AI chip stocks are sprinting miles ahead of the cloud giants actually paying for all this AI infrastructure. The shovel sellers are rich. The gold miners are still digging.

• Chart 2: The Philadelphia Semiconductor Index is trading near the top of its 15-year valuation range on forward earnings. Both in absolute terms and relative to the market.

In plain English? Chip stocks are priced like the party never ends.

Burry's bet is that it does. And soon.

Worth remembering: this is the man who called the 2008 housing crash... and has also called about 14 of the last 2 corrections.

Broken clock? Early genius? The market gets to decide.

Governor races. Senate runoffs. Billboard charts. Celebrity news. Rotten Tomatoes scores. Kalshi has real-money markets on all of it. Every price reflects what the crowd actually thinks will happen next. If you're already following politics and culture closely, you're already doing the work. Kalshi lets you act on it.

Trade what you know

_{Trade responsibly.}

The cartel agreed Sunday to pump an extra 188K barrels per day starting August.

That's the latest step in unwinding the supply cuts they've been sitting on since 2023.

Why now? The U.S.-Iran peace deal.

Since the shooting stopped, OPEC+ has greenlit quota hikes totaling 940K barrels per day. That's roughly 1% of global demand.

Here's the funny part. Most of those "increases" were pure fiction while the Strait of Hormuz was shut.

Announcing more oil you can't ship is like promising pizza when your oven's on fire.

But Gulf exports are flowing again, and prices noticed:

The new worry? Too much oil.

Analysts think a global surplus could hit later this year. OPEC+ may soon have to pick a lane: cut production to defend prices, or flood the market and fight for share.

Neither option is fun. One shrinks your revenue, the other shrinks your price.

And the family dinner is getting awkward.

Iraq wants a bigger quota and is hinting it might walk if it doesn't get one.

The UAE already did. It left the group in May over the same beef.

Next OPEC+ meeting: August 2. Bring popcorn.

SpaceX $SPCX ( ▲ 2.83% ) gets two big catalysts on Tuesday, and the options market is already popping champagne.

First, the IPO quiet period ends, meaning Wall Street analysts can finally publish ratings and price targets.

Second, the stock joins the Nasdaq 100 the very same day. That means index funds have to buy it. No opinions, no vibes, just forced buying.

Two rockets, one launchpad.

SPCX closed Thursday at $162, and it's held the $150 line where it first opened. Volatile? Sure. Broken? No.

The options market expects a move of roughly ±9% by Friday, putting the stock somewhere between $148 and $176.

But here's the fun part. The biggest bets sit way outside that range:

Traders aren't positioned for a "solid week." They're positioned for fireworks.

And the bears? Basically on holiday.

The biggest put position is the $135 strike with a measly 3,631 contracts. That’s more of a rounding error than a hedge.

Someone always brings a lottery ticket to the casino.

The $330 call saw over 106,000 contracts trade at $0.20 a pop. That's a bet SPCX more than doubles in a week.

Will it happen? Almost certainly not. Is it fun to watch? Absolutely.

It's not just SpaceX. Rocket Lab $RKLB ( ▲ 0.39% ) just agreed to buy Iridium $IRDM ( ▼ 3.54% ) for around $8B, and the whole sector is buzzing.

So how do you actually play this?

Option 1: Buy the giant. The boring-but-brilliant answer might be Amazon $AMZN ( ▲ 0.4% ).

Amazon is acquiring Globalstar $GSAT ( ▼ 0.7% ) at $90 per share, and from 2028 its Leo satellite network will beam voice, data, and messaging straight to your phone.

SpaceX's own filings size the broadband and mobile opportunity at $1.61 trillion. That's on top of a $370B space-solutions market.

Amazon is a cash cow with the wallet to buy its way in. Not a moonshot, but a seatbelt-on way to play space.

Option 2: Don't pick one winner. Pick the sector. Space isn't one trade, it's a bundle of niches:

The play? Diversify across segments and let the innovation frontier sort itself out.