It is Friday, June the 12th. Welcome back to The Breakdown. I'm your host, David Canales. It is SpaceX IPO Day.

So we're going to be taking a look at that first this morning. We're also going to be looking at treasury companies.

We've covered a lot of spot ETFs lately in the past few episodes, past few weeks.

We're looking at treasury companies specifically because, yeah, Nakamoto is selling Bitcoin while Bitmine,

Tom Lee's Ether Treasury Company, is still stacking.

So we'll take a look at what's happening there.

We're also going to cover prediction markets ahead of, I mean, we're in the middle of the

final series for the NBA and also warming up into the World Cup.

A prediction market's popping off.

We're going to be taking a look at why they might might be and why there might not be.

So enough jibba jabba, as I like to say, let's get to it.

Nothing said on the breakdown is a recommendation to buy or sell securities or tokens.

This podcast is for informational purposes only and any views expressed by anyone on the show

are opinions, not financial advice.

Host and guests may hold positions in the company's funds or projects discussed.

Okay, so let's just spend a few minutes talking about SpaceX again on Hyperliquid.

But before that, I just have some key stats. I'm just pulling

from business inside of this morning. Apparently, there was a hundred billion dollars worth

of orders submitted from retail investors going into today's IPO. So today's going to be

some fireworks. It's going to be very interesting watching this play out. I'm recording this a few

hours before trade opens. And you're going to probably be listening to this as the shares

start to trade publicly for the first time. So we're all going to be watching this together.

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