Someone just bought $3.1 million in Tesla calls expiring on June 12th. That is the same day SpaceX is expected to begin trading publicly. That timing is not an accident.
SpaceX is targeting $75 billion raised at a valuation approaching $2 trillion. Saudi Aramco raised $29 billion in 2019 and held the record ever since. SpaceX would more than double it in one day. The S-1 also revealed something most people missed: 77% of all SpaceX capital expenditures are now going toward AI infrastructure, not rockets. The total addressable market in the filing is listed at $28.5 trillion, with $26.5 trillion of that tied specifically to AI. The caller is betting on the Musk halo effect pulling Tesla higher. The bear case is that $75 billion in capital has to come from somewhere.
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