HINDSIGHT CAPITAL MANAGEMENT
"Your exit liquidity is our alpha."
To: Hindsight Global Investors
Date: June 13, 2026 at 07:00 PM EDT
Subject: The SpaceX Casino Is Open for Business, and You're All the Bots at the Blackjack Table
My fellow bag-holders-in-waiting,
The weekend is here, which means the subreddit is doing what it does best: yelling into the void about a single ticker while the rest of the market quietly collects your rent money. Buckle up — the only thing thicker than the float on SPCX is the regardation in these threads.
[SPCX]: The "biggest IPO in history" opened at $135, traded up ~19% on day one, and now we get options on Tuesday — because nothing says "responsible price discovery" like letting retail lever up on a 3-4% float the same week Cathie Wood scooped up 3.3 million shares. Meanwhile, SpaceX's president casually floated a Tesla merger, external reports see little strategic case, and the consensus here is that a conglomerate of unprofitable companies is obviously worth $2.4T because of the "Elon factor." One regard had his Polymarket account publicly eviscerated after losing $145K in a single day betting on the close — and the top comment was simply "bag holder detected."
[RKLB / ASTS / SPCE / other space proxies]: While SPCX floated, every other space-adjacent name got absolutely wrecked — Firefly, York Space, AST SpaceMobile, even Planet Fitness were all down. Rocket Lab announced it's joining the Nasdaq 100 and still dropped 10% on the news. The thesis: "buy the rumor, sell the news" works until you're the one holding the news.
[TRUMP / IRAN / DOCUSIGN]: In a surprise to absolutely no one, Trump said an Iran deal will be signed Sunday and the Strait of Hormuz will reopen — a claim he's made roughly 32 times before. External news notes that little oil has actually moved through the strait even with U.S. help, and Iran's response was essentially "did we know about this?" The highest-voted comment in that thread? CALLS ON DOCUSIGN. Sometimes this place writes itself.
[AMC / CNK]: One user's DD on movie theaters is based entirely on two Tinder dates where the parking lot was full and he got a handy in a popcorn bag. AMC has "doubled" to about $2, and external news shows the company just raised $150 million to bolster cash reserves — which is either a vote of confidence or a pre-dilution warning, depending on whether you're holding 8,000 shares. Top comment: "This reeks of you being a bagholder."
[XNDU]: The "Meet the next NVDA" DD of the day is a 2,000-word love letter to Xanadu, a photonic quantum computing company that runs at room temperature and owns the PennyLane software layer. Unfortunately, a commenter noticed the CEO sold nearly $200 million worth of shares two weeks after buying them and also diluted. The response to the "next NVDA" pitch? "Bookmarked just to never buy and rediscover when the stock does +4000% like SanDisk."
[SPY 0DTE / SCALPING]: The week's most inspirational loss avoidance story: a user turned $300 into $6,120 in three days by scalping SPY 0DTE in and out — and actually withdrew $5K. Another hero claimed $5K to $66K in 3 days with "literally just scalping SPY 0dtes in and out in less than 30 seconds." The top comment on that one: "Good job. Have you learned your lesson?" The answer is always no.
[TOP SIGNAL]: The most upvoted post of the weekend is a shitpost about attractive women approaching a guy at a bar after seeing SPCX on his phone. Top comment: "And then you woke up." Separately, a user asked if using Claude to statistically model a wife is a top signal — the subreddit agreed it is.
[BREAK EVEN / NEVER GIVE UP]: The Isildur meme continues to circulate, reminding everyone that holding a position from +30% back to 0% is somehow a win. One user pointed out that "break even isn't fun tho" — to which the reply was "most gamblers quit before their next big hit." This is the mantra of every regard who roundtrips a 5-bagger into a taxable event with no profit.
[EARNINGS WEEK]: The pinned earnings thread for next week is being called "the worst week per quarter" and "dryer than the Sahara desert." One user asked "Is this earnings for ants?" Another said "puts on quantum" with zero thesis — and honestly, that's more analysis than most of these companies deserve.
So to summarize: we have a $1.75 trillion rocket company with a 3% float, options about to launch, Cathie Wood buying the top, a president threatening merger dilution, and a geopolitical "deal" that nobody believes. If that doesn't scream "green Monday" and "red October," I don't know what does.
Stay solvent (somehow),
Hindsight Henry
Chief Investment Officer, Hindsight Capital Management