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【 U.S. Stock Class on SATS —— The First Beneficiary of SpaceX's IPO 】

SATS is an old telecom company dealing in satellite TV, and we're treating it as an "indirect ticket" to trade the hype around SpaceX's IPO.

1. SATS sold its "spectrum" to SpaceX and received SpaceX stocks + cash in return.

(Spectrum is like the "radio channels" used for mobile and wireless networks, meant for things like 5G and satellite communications.)

This deal started in September 2025, with a total value of $17 billion, broken down as follows:

· Half in cash: $8.5 billion directly to SATS.
· Half in SpaceX stocks: SpaceX stocks worth $8.5 billion.

If SpaceX goes public at the rumored $2 trillion valuation, that portion of equity in SATS could be worth around $40 billion.

Even if we take a 20-30% haircut (lock-up period, taxes, etc.), it’s still extremely valuable.

Currently, SATS has a market cap of just over $30 billion, meaning the market isn't really pricing in any premium for its other assets; the SpaceX stake is practically a giveaway.

2. The heavy debt burden is about to be shed.

Previously, SATS's biggest issue was its high debt, which kept its stock price discounted.

Now, with a significant influx of cash, they can pay down debt and de-leverage, making their balance sheet look a lot healthier.

The market used to view it as a "bad telecom company + high debt"; now it will need to be reassessed as "SpaceX equity + reduced debt + a bunch of spectrum/satellite assets."

3. There are risks to consider.

However, it's not all sunshine for SATS; there are still some risks involved:

(1) If SpaceX's valuation doesn't meet expectations, it could crash.
(2) The deal might face regulatory hurdles that could prevent smooth completion.
(3) Traditional businesses (TV, Boost Mobile, etc.) are still bleeding cash.
(4) Equity delivery, lock-up periods, and tax issues could be more complex than anticipated.

Summary:

This isn't about the company suddenly skyrocketing due to business growth; it's about leveraging the SpaceX shares to turn around and paying off old debts, allowing the market to realize it's not as cheap as it seems, which should naturally increase the stock price. A classic case of "asset revaluation" strategy, not just grinding it out.

Right now, the only long positions I’m holding are two

One is a long position of 6w on $BTC

The other is a long position of 45 on $HYPE

I’ll hold onto these two as long as they don’t dip below my entry price.

HYPE is still buzzing with "big events," but this time it doesn't seem like good news.

In simple terms: There's a user dispute regarding the SpaceX pre-IPO futures contract on Hyperliquid.

Let's break down the details of the incident and its impact:

(1) What's going on here?

TradeXYZ launched a contract called SPCX, betting on the price of SpaceX stock before its IPO.

(TradeXYZ is a front-end + market deployment team specifically dealing with stocks, indices, pre-IPO, and other real-world asset perpetual contracts on Hyperliquid.)

In their initial announcements and documents, they mentioned SpaceX's "total share count" and "market cap," leading people to believe the contract would be tied to those figures.

However, as SpaceX approached its IPO, they suddenly posted, "Our contract only considers the single share price, not the total share count or market cap, and there won't be any automatic adjustments after the IPO." They even deleted earlier examples from the documents.

The results were:

· SpaceX's actual total share count is about 10% higher than previously expected, causing the theoretical price per share to drop by about 10%, and the contract price followed suit.

· Those who went long (especially with leverage) took direct losses, around 10%, with higher leverage resulting in larger losses. No one is compensating you.

(2) What’s the impact on Hyperliquid and HYPE?

This incident has led many users to lose trust in Hyperliquid, criticizing the platform for misleading promotions and changing rules that hurt users, particularly those who went long with leverage due to the unexpected increase in SpaceX's total share count and subsequent price drop with no compensation.

HYPE's price also retraced, as concerns grow about whether future pre-IPO contracts will be problematic, which is a significant bearish signal in the short term.

$HYPE

Made my first real money in crypto. Now I'm moving some profits into US stocks for the long term. But here's the weird part — I can watch my crypto bag drop 20% in a day and not blink. My S&P ETF drops 5% and I want to sell everything.

How is the "safe" asset the one that freaks me out more? Anyone else come from crypto and deal with this? Is it a position sizing thing or am I just not wired like an investor yet? Be honest.

#MyStocksQuestions

Like I mentioned before, it’s not that I’ve been keeping an eye on Hyperliquid all the time, but there are major moves happening there daily.

Just yesterday, Hyperliquid pulled off another big one:

Their policy team teamed up with Paradigm to file an official letter of opinion with the U.S. Treasury today.

Paradigm is a well-known investment firm in the crypto space, backing all the big names like Coinbase, Uniswap, and Opensea.

The gist of the letter is simple: Don’t regulate stablecoins too tightly; let them remain functional on-chain.

What are they worried about?

Right now, USDC and other U.S.-regulated stablecoins are facilitating a ton of transactions, lending, and settlements on-chain every day. If the rules get too harsh, requiring issuers to monitor every single transaction on DEXs, that’s just not feasible. The likely outcome would be that stablecoins become harder to use, pushing everyone to foreign, unregulated stablecoins and ultimately hurting the U.S. on-chain market.

So, they’re suggesting to focus on regulating the issuance phase (strict ID checks when buying stablecoins) and not impose impossible tasks on issuers for the secondary market (peer-to-peer transfers).

What’s the impact on $HYPE ?

This move is Hyperliquid actively lobbying regulators to create a smoother and safer environment for stablecoins on their platform. Hyperliquid’s trading volume and TVL heavily rely on stablecoins, and if those get crushed by regulations, they’ll feel the pain too.

In the long run, this is bullish: it shows the team values policy and is proactively seeking a friendly regulatory environment. The easier stablecoins are to use, the more trading happens on the platform, and that means better fee revenue and buybacks for HYPE.

$HYPE

【What’s been buzzing on Reddit about US stocks this week?】

Reddit is like the world’s largest forum community site, a massive mix of Baidu Tieba + Zhihu + Weibo. Sections like WallStreetBets often serve as a temperature gauge for retail sentiment in the US stock market.

1. Right now, Reddit is mainly focused on: space/aerospace stocks.

The main reason is that SpaceX is about to IPO; folks have been trading these smaller companies as ‘alternatives’ to SpaceX, and now the main event is coming. With the sector experiencing a short-term pullback, many traders see it as a buying opportunity and are discussing which stocks are worth accumulating.

2. The spotlight is on four companies:

(1) RKLB: Currently the most favored with the strongest fundamentals.

Q1 revenue skyrocketed 63.5% YoY, exceeding expectations. It’s the second-largest rocket company in the US, with over 50 successful launches of its Electron rocket and a backlog of $2.2 billion in orders. They’re developing the medium-sized Neutron rocket (directly competing with SpaceX's Falcon 9).

Even though it recently dipped 15%, many are talking about if it pulls back to around $96-102, it’s a solid entry point, showcasing long-term potential.

(2) LUNR: Focused on lunar missions.

Q1 revenue tripled, and if the IM-3 landing mission succeeds in the second half of the year, it could be a strong catalyst.

In the next year, for every dollar earned in revenue, the stock price corresponds to $6.40, making it relatively cheap.

(3) ASTS: The one with the grandest story and the most imagination.

Plans to build space-based mobile stations, allowing regular phones to connect directly to satellites for internet access, aiming to cover 4 billion people. They've secured partnerships with AT&T and Verizon. If the launch plans go smoothly, the potential is massive.

The stock is currently in a pullback, and many feel it’s a good time to position for future satellite internet.

(4) SPCE: Suborbital space tourism concept.

Although it has the weakest fundamentals, it just surged 22% against the trend, showing strong retail sentiment, indicating short-term speculative opportunities, perfect for those who love thematic trading.

3. Summary:

(1) Can we still buy into the space sector?

Absolutely! Short-term headwinds (like SpaceX siphoning interest and Blue Origin’s explosion) have caused a pullback, but long-term prospects are bullish—launch costs are dropping, and commercial demand is booming. SpaceX’s IPO will drive the whole sector. A dip is actually a great entry point.

(2) Which of the four stocks is the best buy?

First choice is RKLB, with the strongest fundamentals and clearest path. After SpaceX goes public, it will become the "only publicly traded full-chain space company," enhancing its scarcity, making it a prime candidate for accumulation on dips.

0xce963ad59f302eb19f096960a59fc91a86284444

More and more people are focusing on "animal abuse"

Tools like shovels and winter gear have left a strong impression

Xiao Man is also a pup that has suffered abuse

$H Is this a blatant insider dump?!

Humanity Protocol (the "real person verification" project) token $H was smashed through the floor yesterday.

Before the crash:

Big institution Hex Trust went on a buying spree, scooping up 182 million H, spending over $100 million to stack their bags, while the entire network was shouting bullish, and the price was still soaring at $0.7+.

Then yesterday, it went into freefall:

· A 24-hour nosedive of 85-90% ($0.7-0.85 → $0.07-0.12)
· Hackers/insiders dumped 249 million H within 7 hours, cashing out $31.3 million (17,800 ETH + 2,715 BNB)
· They also inflated the supply with an additional 100 million H, seriously diluting the value.

On-chain data directly contradicts the official narrative:

Over 200 million H sold came from nearly 300 wallets—these wallets were just unlocked two weeks ago, received coins 11 months ago, and had already prepped gas fees for withdrawals from Gate/Bybit three weeks ago.

How could a single "foundation member's private key leak" possibly control hundreds of addresses to dump accurately? This is clearly internal collusion and a coordinated fire sale!

If you believe this was a hacker, then you shouldn't be playing in this space.

I’m not just hyping HYPE, but every time they make waves, it’s hard to ignore.

While the market's buzzing about whether 'HYPE has peaked', a few significant events unfolded yesterday:

1. ETF Sells for the First Time

Bitwise's BHYP ETF saw its first net sell on June 6, amounting to around $2.9 million.

However, over the past three weeks, BHYP has still seen a cumulative net inflow of $89.4 million, currently holding about 442,000 HYPE worth approximately $27.24 million.

Takeaway: Buying close to $100 million and only selling $2.9 million feels more like a standard profit-taking move, not an institutional exit.

2. CB Derivatives Lists HYPE

CB Derivatives is a trading platform under CB tailored for institutional investors, operating under U.S. regulations and thus relatively compliant.

Takeaway: This is a major counteraction to the regulatory concerns around HYPE. CB has provided a compliant channel directly for HYPE.

3. CB Becomes Official Deployer of Hyperliquid USDC Treasury Wallet

After AQAv2 activation, Hyperliquid will gain 90% of the reserve yield from about $60-$65 billion in USDC within the ecosystem, which will all be used for HYPE buybacks.

Based on current scale:
Annual new buyback funds of about $190 million; Daily new buy pressure of about $520,000; Buyback capacity increases by about 28.5%.

Takeaway: This was the biggest bullish news yesterday. It’s like giving HYPE a long-term automatic buying machine.

4. HYPE’s TVL Quietly Surpasses BNB and Solana

Hyperliquid's TVL reached about $5.92 billion, surpassing BNB and Solana, ranking second. At the same time, HYPE’s MCAP/TVL is only 2.36, far lower than SOL and BNB.

Takeaway: Prices may be dropping, but funds are still flowing in—clearly, the big money isn't leaving.

5. Citrini Research Lists HYPE as a New Investment Highlight

Citrini Research is a well-known institution that previously caused a market crash by being bearish on AI stocks.

Their bullish take on HYPE is simple:
· Annual fee income of about $1.06 billion
· Over 90% of income goes to buybacks
· Cumulative buybacks exceeding $2 billion

Summary: The biggest downside for HYPE often doesn’t stem from the fundamentals but rather from its rapid price increase. At least for now, I haven’t found another project that can boast: real income, continuous buybacks, capital inflows, ecosystem growth, and institutional recognition.

$HYPE

You wait, I'll take my profits first

$BTC

$BTC is already positioning

If it dips, I'll stack more; if not, I'll just hold

In short, I'm not passively trading.

$H

Hex Trust affiliates are stacking up another 13.01 million $H, now holding 6.42% of the circulating token supply.

In the past 20 hours, they've withdrawn 19.84 million $H from various exchanges, bringing the total accumulated $H over the last two days to 182 million tokens, valued at $121 million.

$HEI

Community vote passed: Burned 16.5 million HEI tokens

$HEI

Comment below with "copying homework" to snag your 🧧.