SpaceM+

AI Full Industry Chain ETF Purchase Guide

(For personal use only, please do not buy recklessly)

$Roundhill Memory ETF(DRAM.US)

The "cheap era" for memory chips is over. It's not temporary; it's structural.

It has gone from a "cyclical gamble" to a sector that can be held for the long term. Sell off the options, and keep holding the underlying shares.

Hedge funds spend hundreds of thousands of dollars on alternative data, and what they do essentially boils down to one thing: trading in the opposite direction when retail investor sentiment reaches extremes. The core barrier in this business isn't how complex the model is; it's the inability to access data sources. Reddit posts need to be scraped, StockTwits sentiment needs to be purchased, and Twitter's firehose requires payment. Retail investors want to do it themselves? No way. But Longbridge Skills has opened up the community API. What does this mean? It means a retail investor...

In 2026, AI agents are no longer a buzzword. Claude Code, Cursor, Gemini CLI — developers and investors are now using natural language to pull market data, place orders, and parse earnings reports. A broker's API is no longer just a tool for quant teams; it's become the last-mile nerve ending connecting every AI tool to the financial world. Both Longbridge and Futu have stepped up with their own Skills offerings — but their architectural philosophies diverge from the very first line of code...

The whole internet is hyping: Musk is kind-hearted, SpaceX is reserving 30% of its IPO shares for retail investors. This narrative is completely wrong from start to finish. It's not the conclusion that's wrong, it's the framework. The essence of IPO allocation: who sets the price, who takes the shares, let's first clarify a basic logic. IPO allocation is essentially a distribution of pricing power. Institutions get shares, obtaining the arbitrage right to "buy at a low price and sell in the secondary market." Retail investors get shares, usually the leftovers after institutions have picked. In US IPO conventions, retail investors only get 5%-10%. Why? Because underwriters need institutions to "discover the price"...

SpaceX IPO reserves 30% for retail investors, Musk is genuinely helping ordinary people this time.

Everyone knows the unwritten rules of US stock IPOs: when a good company goes public, institutions get the meat, retail investors get the broth. Retail investors typically only get allocated 5%-10% of the shares. By the time you can buy in, the first wave of gains has already been scooped up by the institutions.

But this SpaceX IPO is different. Musk wants to reserve 30% of the IPO shares for retail investors. This isn't just for show. He's serious.

According to Reuters, SpaceX plans to IPO with a valuation of around $1.75 trillion, raising up to $750 billion—if successful, it would surpass Saudi Aramco's $294 billion record from 2019 to become the largest IPO in human history.

In this deal, Musk's team is pushing to allocate 20%-30% of the shares to individual investors. Based on $750 billion, 30% is $225 billion directly accessible to ordinary people.

When Facebook went public in 2012, it only gave retail investors about 15%, which was already called "unprecedentedly retail-friendly" by the media. SpaceX is doubling that.

The execution is also practical: Bank of America handles the high-net-worth client channel, while Morgan Stanley covers ordinary retail accounts through E*TRADE. These two pipelines ensure the shares actually reach individual investors' hands, not just get snatched up by institutions under a different name.

Why is Musk doing this? Honestly, any other CEO would never do this. Giving shares to institutions, locking in large orders, ensuring a smooth IPO day—that's the standard Wall Street playbook.

But Musk never plays by the rules.

Recall the Tesla story. During the 2020 surge, it wasn't Goldman Sachs or BlackRock that held off the short sellers; it was the millions of retail investors holding onto their few hundred or thousand shares, refusing to sell. They encouraged each other on Twitter, analyzed fundamentals on forums, and voted with their real money. Throughout Tesla's rise from $40 to $400, retail investors were the most steadfast allies.

Musk remembered that. Musk doesn't want "smart money"; he wants "conviction money." And history has shown that conviction money often holds on longer than smart money.

What does this mean for retail investors?

This might be the first time ordinary investors get a truly meaningful allocation in a super-unicorn IPO.

SpaceX's fundamentals also justify this trust. Starlink is already profitable, with 2025 revenue projected to exceed $120 billion, covering over 100 countries globally. Starship holds long-term NASA contracts, with commercial launch orders booked into the year after next. This isn't a company burning cash on stories; it's a space infrastructure giant with real cash flow, technological moats, and government backing.

Of course, a $1.75 trillion valuation isn't cheap, and the subscription threshold and lock-up period details haven't been announced yet. But the mere act of "reserving 30% for retail" has already changed the game.

For decades, wealth distribution in the IPO market has been tilted towards institutions. Retail investors are always the last to the table, and by the time you sit down, the good dishes are already gone.

This time, Musk has at least left a few hard dishes on the table.$Tesla(TSLA.US)

It's that time of the year again for a review. To be honest, I'm a bit afraid—if I look back and find no growth this year, that would be truly frightening. This year I'm 35, and when a man reaches 35, he really has to look back properly. The first day of the Lunar New Year also happens to be my birthday. Amidst the hustle and bustle, it's a good time to calmly reflect on the past year's life, work, and investments. A birthday gift to myself. 25 years of life and work have been a particularly magical year. There's been pressure and grievances, but also accompanied by too many fresh experiences. Looking back, this year has been incredibly dense. In terms of work...

$Tesla(TSLA.US) The turning point in human transportation history

FSD, Musk is re-evaluating its value

Elon just posted an X, the tweet was simple, but there's a lot to unpack behind it.

1. Financially, converting volatile hardware profits into stable, high-margin recurring revenue. Tesla is essentially an AI and robotics company, not a traditional manufacturer. A one-time purchase is a single transaction, while a subscription turns the vehicle into a terminal that continuously generates cash flow. A one-time purchase creates a psychological account where the value of FSD is fixed. Ending one-time purchases means no longer treating FSD as an "accessory" but defining it as a "utility service" or "operating system license."

2. Lowering the barrier to accelerate the network effects of the "data flywheel." The key to winning in autonomous driving isn’t the sophistication of the algorithm but the scale of training data. More subscribers → more miles driven → more edge-case data → stronger algorithms → attracting more subscribers. A single fatal edge case in autonomous driving could destroy a physical AI company.

3. Paving the way for Robotaxi. If cars can achieve true full self-driving, vehicle ownership will become less important—what matters is the car + FSD. Are taxis expensive, or are drivers expensive? If drivers are expensive, then FSD is expensive, meaning FSD brings you more income, making it more feasible to add your car to Robotaxi. More people using Robotaxi → owners/carmakers profit → more owners join → more FSD cars available → more people willing to hail Robotaxi.

If you can buy it outright, just buy FSD!

$Tesla(TSLA.US) Longbridge seems to be offering grey market price options products

$Tesla(TSLA.US) This is the starting point of Tesla's second wave.

$Tesla(TSLA.US) Come on HK, as a temporary resident of Hong Kong, I sincerely hope HK can develop better.

$Tesla(TSLA.US)

TSLA's NVDA moment

Elon Musk personally pointed out:

- 🧠Major valuation changes when unsupervised autonomous driving is deployed at scale

- 🤖Even more significant valuation changes when Optimus goes into mass production

14.3 FSD = The moment to sleep with eyes closed (mentioned at shareholders meeting)

$Tesla(TSLA.US) Even as strong as Lao Duan, he has to iterate his own understanding.

What a man says doesn't matter, it's where he puts his money that counts

$Tesla(TSLA.US)Elon Musk purchased approximately 2.57 million shares of Tesla (TSLA) stock on September 12, 2025, with a value of about $1 billion, at a price range of approximately $372 to $396 per share.

Make an observation line.

$Tesla(TSLA.US) to launch FSD after Chinese New Year

$Tesla(TSLA.US)

Tesla's narrative is gradually being accepted by Wall Street capital

Just like how BTC's narrative stocks are gradually being accepted by Wall Street capital

Perhaps ten years of hard work is not as good as holding 100 shares of Tesla or 1 BTC

$Tesla(TSLA.US) Tesla's annual line shows only a 14% increase?

$Tesla(TSLA.US) Show more losses, but also show the times when you make profits.

Holding is the biggest challenge.

$Tesla(TSLA.US) Congratulations to friends who held on

$Tesla(TSLA.US) Tesla's sharp drop, don't panic

FSD is already done, if you can't see it, you just can't see it.

$Tesla(TSLA.US) Share your thoughts on this earnings report (irresponsible version)

1.This time is different from previous times, Elon will definitely not doze off. He wants to pass the trillion-dollar compensation

2.This earnings report should have something, Elon wants to pass the trillion-dollar compensation

3.It should rise this time because Elon has bought $1 billion

$Tesla(TSLA.US)If you can't hold.

You won't be rich.

$Tesla(TSLA.US) Investing is hard, the difficulty lies in mentality

$Tesla(TSLA.US)Model Y Standard Edition near the German factory, with Model 3 front face, no glass roof, no diffused taillights.

It will probably be quietly launched on the official website soon!