We just got word — Elon Musk has officially filed confidential paperwork to take SpaceX public.

This is no longer a rumor. What could be the biggest IPO in stock market history is now in motion.

We're talking about a potential $1.75 trillion valuation, which could make SpaceX bigger than Tesla on day one.

Given the magnitude of what's about to happen, we asked 20-year market veteran Tim Bohen to break down the best way to play this.

His answer surprised us:

"Whatever you do, DON'T buy SpaceX on IPO day."

Here's why.

History proves the biggest gains from a major IPO almost always come before the stock goes public — not after.

What actually happens on IPO day is ugly if you're a regular investor:

Elon will pocket roughly $625 billion. Insiders and Wall Street bankers — who've been positioned for months — will offload shares for a tidy profit.

Then millions of everyday investors will flood in, buying at the top, fighting over what's left.

According to Tim, there's a much smarter play.

It’s a unique way to gain exposure to pre-IPO SpaceX shares before any of that happens — from a regular brokerage account, no special access required.

But with the IPO expected to hit as soon as June 15th, this window won't stay open much longer.

Tim put together an urgent trade plan that breaks the whole thing down, step by step.

Click here to watch Tim's Pre-IPO SpaceX Trade Plan.

Once SpaceX officially goes public, this opportunity is gone.

Sincerely,

General Signer

BREAKING NEWS

👖 Levi's Just Beat The Street. The Stock Finally Agreed.

Wall Street has been staring at $LEVI for months wondering why a brand that sells the world's most iconic pair of jeans couldn't get its stock to act like it. Analyst price target: $26.80. Stock price before earnings: $18.95. That is a gap you could drive a truck through.

Last night, Levi's gave the market a reason to close it.

• Adjusted EPS came in at $0.42 against estimates of $0.37.

• Revenue hit $1.74 billion against estimates of $1.65 billion.

• That is a clean beat on both lines. The stock ripped 5.9% to $20.90 immediately after reporting.

For context: this follows Q4 2025, where Levi beat on both EPS and revenue, then watched the stock drop 3% after hours because the 2026 guidance spooked everyone. Classic Levi's. Win the battle, confuse the market.

Not this time. Management raised full-year 2026 guidance on sales, margin, and adjusted EPS. The market noticed.

📈 The Bull Case:

• DTC now represents 52% of total revenue, keeping gross margins healthy even as tariffs bite.

• Levi's completed the sale of Dockers in February 2026, sharpening focus on its core denim lifestyle pivot.

• US website traffic up 8%, European sites up 11%, and US Google searches for the brand up 13% year over year.

📉 The Bear Case:

• If consumers front-ran tariffs and loaded up on jeans in Q1, Q2 could face a serious hangover.

• Operating margin dipped to 11.4% from 12.5% as tariff pressure and heavier advertising spend ate into the gains.

• Consumer discretionary is not where you want to be when oil is elevated and geopolitical risk is real.

What Buffett Would Say: Levi's has been selling the same product for 150 years. The brand survived two world wars, disco, and athleisure. Buffett would love that. He would not love the tariff exposure on Asian manufacturing, the mid-single-digit organic growth, and a CEO who keeps having to explain why the guidance is conservative. He would pour a Cherry Coke and wait.

The Munch Take: My wife has owned the same pair of Levi's since 2019. They still fit. That is brand loyalty you cannot manufacture with a Super Bowl ad. The stock popped 5.9% last night and guidance went up. The gap between $20 and $26.80 is still real, but for the first time in a while, it feels like the market and the analysts are at least looking at the same pair of jeans.

Get Free Daily Market Insights From a Billion-Dollar Wall Street Rebel (Ad)

Every day before 6AM, Matthew Tuttle sits down at his trading desk in Connecticut to write to you about hedges, edges, asymmetric opportunities and themes in the market.

👉️ Get his free Daily H.E.A.T. email for a dose of actionable market insight every weekday morning.

STOCK OF THE DAY

🪶 Cathie Wood Just Bought $13 Million Of Robinhood. Here's Why The Stock Is Down 52%.

Robinhood has shed 52% over the past six months and the reason is not complicated. Crypto retail trading volumes have fallen off a cliff, net interest revenue is shrinking, and five analyst firms cut their price targets in the first week of April alone. The business that prints money when everyone is gambling has a problem when people stop gambling.

So naturally, Cathie Wood bought $13 million of it yesterday.

📈 The Bull Case:

• Robinhood just won the contract to run Trump Accounts. Four million kids. Government-backed deposits. That is a pipeline of new customers who didn't choose a competitor.

• The company launched a $1.5 billion share repurchase program. They are buying the dip on themselves.

• Revenue grew 52% year over year. The stock fell 52%. Someone's math is wrong.

📉 The Bear Case:

• The business runs on trading activity. No volatility, no revenue.

• Analysts are trimming estimates for 2026 and 2027 on declining volumes and weaker net interest income.

• Schwab is coming for the crypto market, fueling competition.

The Munch Take: Cathie Wood buying $HOOD is either a genius contrarian call or performance art. Revenue up 52%, stock down 52%. Long-term, we think it might be a good buy.

🍪 Munchy Memes

Share Pip Munch

Chances are you have some trading friends. Why don’t you be a pal, share Pip Munch and earn some goodies for it?

You currently have 0 referrals, only 1 away from receiving The Trading Plan That Helped Me Pass 4 $100,000 FTMO Challenges.

Or copy and paste this link to others: https://pipmunch.com/subscribe?ref=PLACEHOLDER