Joined September 2012
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True ⬡ North ⬡ Link retweeted
SpaceX is trading at 11x forward sales while revenue almost triples in 6 months.
I don't think people understand what this means yet. So I did the math.
1. What Elon actually said
"SpaceX revenue this quarter alone will be substantially higher than NASA’s entire annual budget!"
NASA's entire annual budget: $24.4B.
SpaceX Q3 revenue: $14.6B.
My call: $30B+ this quarter.
Then $40B+ in Q1.
Revenue almost triples in 6 months. Let that sink in.
2. The old Q1 guide is already obsolete
SpaceX guided $33-37B of revenue for Q1.
My call is $40B+.
That is 9-20% above the old guide.
And that is just Q1.
Elon on 21 Oct: "As crazy as this sounds, $1T in SpaceX revenue in 2028 is no longer impossible."
3. So this means
$40B in one quarter = $160B a year.
$SPCX at $132.47 = a $1.80T company.
$1.80T / $160B = 11x forward sales.
For revenue almost tripling in 6 months.
For the company Elon says could hit $1T revenue in 2028, you pay 1.8x those 2028 sales.
Cheapest big stock in the market. Not even close.
4. This is NOT profitless growth
Q3 revenue: $14.575B.
Net income: $4.404B.
That is a 30.2% net margin. Actual net profit.
Other AI companies spend billions chasing future profits.
SpaceX already makes 30 cents on every dollar while building AI compute, Starlink and Starship at the same time.
5. Now turn those sales into actual earnings
If the 30% margin holds:
$40B x 30% = $12B of quarterly profit.
$12B x 4 = $48B of annual profit.
$48B / 13.58B shares = $3.53 of forward EPS.
At $132.47, you pay 38x that earnings.
50x = $177.
60x = $212.
No merger premium.
No $100T dream.
No orbital data centers.
Just the Q1 revenue run-rate and Q3's actual margin.
6. Why 38x is cheap here
Normal companies at 38x earnings grow 10-20%.
SpaceX is almost tripling revenue in two quarters.
It is a hypergrowth AI compute monopoly with a 30% net margin, the rockets to expand that compute into space and Starlink on top.
People see 11x sales and say expensive.
I see revenue almost tripling and say they have no idea what they own.
7. Calling it now
Analysts will raise their revenue estimates.
Then their earnings estimates.
Then their targets.
Then the same people calling $SPCX expensive at $132 will buy it above $200.
Every $1,000 becomes $1,335 at $177.
$1,600 at $212.
And the $1T 2028 opportunity still isn't in this math.
That's the whole secret.
The stock is priced for a company that doesn't exist anymore.
You are still very insanely early lol
$SPCX
Elon just gave us a Q4 revenue hint without giving us the number, so I did the math for you. Its a blowout
"SpaceX revenue this quarter alone will be substantially higher than NASA's entire annual budget!"
NASA's FY2026 budget: $24.4B.
Wall Street expects $22.9B from SpaceX in Q4.
Even its highest estimate is $27.4B.
And "substantially higher" suggests Elon is talking about a lot more than just clearing $24.4B.
Call it ~$30B.
That would be:
2.1x Q3's $14.6B revenue
31% above the street average
10% above the street high
This is why the "SpaceX survives on NASA subsidies" take is so outdated. NASA supplied less than 5% of last year's revenue.
Now Elon is casually comparing one SpaceX quarter to NASA's entire year.
$SPCX
True ⬡ North ⬡ Link retweeted
Polymarket partnered with Chainlink to launch 5- & 15-minute crypto markets across hundreds of asset pairs powered by Chainlink Data Streams.
These markets have already generated $7B+ in trading value in just a few months.
@Polymarket 🤝 Chainlink
teapawt.net/Polymarket/status/2022…
True ⬡ North ⬡ Link retweeted
Wow I just noticed that there’s both, Chain X and also Chain Y on this diagram. But there’s only one Chain Link CRE.
It’s been confirmed $LINK is the real bank coin.
@ $XRP $QNT
It's not up for debate anymore.
Today's document find confirms Chainlink is the connector between 11,000 banks, SWIFT and every crypto network.
Directly from the ICMA document today:
"The SWIFT blockchain provides a single point of entry to multiple other distributed ledgers."
"Routing of conventional SWIFT messages is orchestrated by the Chainlink Runtime Environment."
"Communication between distributed ledgers is governed by Chainlink's CCIP."
11,000 banks. Every blockchain. No traditional infrastructure upgrade needed. Plug and play.
This is not speculation.
ethereum:0x514910771af9ca656af840dff83e8264ecf986ca $XRP $HBAR $SOL $CC $QNT $XDC
True ⬡ North ⬡ Link retweeted
Do not fumble your bags.
$LINK
True ⬡ North ⬡ Link retweeted
@chainlink’s infrastructure thesis is intact and arguably stronger than ever. @The_DTCC, @swiftcommunity, @EuroclearGroup and a growing list of major FMIs and CSDs have confirmed Chainlink as critical components of their DLT rails.
On top of that, @jpmorgan, @Fidelity, @UBS, @Mastercard, @Visa, @ANZ_AU and MANY others are deploying Chainlink across a multitude of verticals in payments, settlement, finance and commerce.
The @FIFAWorldCup prediction market just announced it is running on Chainlink CRE in the latest confirmation that adoption is accelerating broadly.
The only investable way to capture this broad infrastructure scaling is via the ethereum:0x514910771af9ca656af840dff83e8264ecf986ca token; Chainlink offers no equity to employees and has no VC conflict of interest. Employees are incentivized via the same token the public buys. The company has EVERY reason to drive value to $LINK in due course.
The current glaring disconnect between the infrastructure reality and token price comes down to just one thing: revenue is off-chain, opaque, and the team is deliberately holding back on tokenomics until they have regulatory clarity via the CLARITY Act.
Without it, aggressive value capture into the token risks SEC classification as a security. Reserve buys are smoothed out at roughly $1.1–1.2M monthly, intentionally modest, and emission pressure continues until 2030. Chainlink Labs boasting some of the smartest people in blockchain and economics, almost certainly has a backup plan, and staying silent indefinitely once SWIFT and DTCC are live utility and processing real transactions becomes indefensible (Q4’26 as per both institutions).
The real catalyst window is likely October–November 2026, when Q4 operational utility hits institutional scale and yet before the “holiday slow down” across Wall Street. What are we looking for? Observable on-chain proof of inflows and utility replaces press releases and social media posts.
At that point, the market can no longer ignore the reality and the team will be facing mounting pressure to signal tokenomics evolution… the token will finally have the fuel to move and move substantially.
The asymmetric upside, once tokenomics shift and staking expands, remains one of the most compelling risk-reward setups in the market. $LINK
True ⬡ North ⬡ Link retweeted
teapawt.net/CatfishFishy/status/19…
The fact that TCP/IP exists doesn't preclude people from having private databases.
No blockchain will be the TCP/IP or "internet" equivalent for onchain finance.
It will be the protocol that orchestrates and synchronizes data and value across all chains, public and private, *along* with existing legacy financial networks like SWIFT, DTCC, Fedwire, credit card networks, FIX, etc.
See attached tweet, too.
99% of investors still don't understand that the protocol that is going to serve as the operating system for the upgrade to our current financial system is Chainlink; not any blockchain.
A blockchain is just one peer-hosted database. It still needs to be connected to other peer-hosted databases. Native interop solutions like Ethereum + L2s or Avalanche with its L1s are only even attempting to solve for intra-cluster (within their chain cluster) connectivity; not inter-cluster (Ethereum to Solana) connectivity.
But, even chain connectivity is just a small piece of the puzzle. Those peer-hosted databases now need to be connected to SWIFT, DTCC, FIX, Fedwire, and many more non-chain networks because not only do they contain critical information, but because they clear and settle their own transactions outside of blockchains.
Then, developers will still need to pull data from all the world's APIs, add privacy, compliance, identity, orchestrate multi-directional workflows across all of these different systems, and be able to write those workflow outputs to many chains simultaneously. They need a programming environment where you can write and execute all of that code.
That is what Chainlink's Endgame is all about:
Chainlink is a platform of infrastructure, offering data, connectivity, compliance, privacy, and identity services, built on a set of standards, that allows developers to orchestrate workflows inside of a single computing environment, the Chainlink Runtime Environment.
This allows developers to build complex multi-chain, multi-jurisdiction, multi-system, multi-asset transactions that span onchain and offchain systems.
SWIFT's Chief Innovation Officer gets it, but who else does?
I owned Chainlink in 2017 because no one else was working on putting data on the blockchain.
I own Chainlink in 2025 because this protocol is the only complete platform that can do everything I explained, while 99.99% of the world doesn't understand it yet.
True ⬡ North ⬡ Link retweeted
NEW RESEARCH: IC3 just published one of the most comprehensive surveys on AI & crypto.
As AI & agents scale, model-level guardrails aren’t enough. AI needs:
• Trusted data
• Authenticated workflows
• Verified execution
• System-level security
Chainlink solves this.
True ⬡ North ⬡ Link retweeted
Virtual Protocol just upgraded to Chainlink from LayerZero
why, you ask?
“After the $292 million LayerZero-related exploit, Virtuals carefully reviewed its existing solution and decided to migrate from LayerZero to Chainlink CCIP to harden the security for its core agent infrastructure and expand the distribution of VIRTUAL across DeFi.”
another one ☝️
$LINK
True ⬡ North ⬡ Link retweeted
The future of AI should be built onchain, and Chainlink is the secure infrastructure making that possible.
After an extensive security review, @virtuals_io is migrating its $700M+ VIRTUAL token from its legacy bridging solution to Chainlink CCIP.
As Virtuals’ exclusive cross-chain infra, CCIP is unlocking secure cross-chain payments for AI agents across chains.
