SpaceX’s IPO is trading like a meme stock

SpaceX’s IPO is trading like a meme stock

SpaceX priced its IPO at $135 a share on June 12, raised $75 billion, then ripped from a $161 first-day close to $180 on Monday and as high as $225 intraday Tuesday before settling lower. At that point, it briefly approached a $3 trillion market cap. Morningstar also published a note pegging SpaceX’s fair value at $63 per share.

Gobble's Take: When a listing can sprint that far that fast, the tape is no longer whispering — it’s shouting.
Source: The Biggest IPO In History Is Trading Like A Meme Stock

Data storage stocks are getting the AI-inference spotlight

The Stock Market Strategist says the big move in data storage stocks is tied to AI workloads shifting from training to large-scale inferencing, with inference expected to account for roughly 2/3 of all AI compute this year. That means more data generation and more need for storage, with Western Digital Corp singled out for laying it out in plain language. The post also points to vendor consolidation and notes one leading hyperscaler’s LLM processes over 16 billion tokens per minute.

Gobble's Take: If inference keeps eating the compute menu, storage names may keep getting the side dish and the spotlight.
Source: The Stock Market Strategist 6.17.26 - by George Coyle - Substack

The “TACO trade” is still the dip-buying reflex

Andy Hall’s piece frames the “TACO trade” as buying the dip when Trump’s actions spook the stock market, on the expectation that he will reverse course. The post says geopolitical selling has become progressively more muted over time, even as AI and policy risk keep colliding in the background.

Gobble's Take: Markets have apparently learned to treat policy shock like weather: annoying, loud, and often temporary.
Source: AI's TACO Trade

Emerging markets are juggling Space X mania, Macau, and China stock headlines

The Week Ahead says investors should remember the universe goes well beyond the Mag 7 and TSMC, while also flagging the long World Cup stretch as a possible drag on Macau casino gaming. It also highlights demand for AI infrastructure boosting adjacent sectors like energy storage, notes Indonesia's benchmark index is down 32 percent this year after foreign investors sold a net $3.9 billion of stocks, and says the U.S. is expanding its scrutiny of Chinese companies by adding Alibaba and Baidu—along with BYD and Nio—to a military-linked list.

Gobble's Take: This is what breadth looks like when the market can’t decide whether it’s chasing AI, hiding in Macau, or dodging headlines.
Source: Emerging Market Links + The Week Ahead (June 15, 2026)

In Case You Missed It

Yesterday's top stories:

• Gold's post-crisis drop pattern has repeated after every major oil shock for 50 years
• Copper just broke into price discovery after a 30-year-style grind
• $BCYC is a catalyst-driven setup awaiting key clinical readouts