SpaceX (SPCX) just filed. Here are the 7 stocks I'm buying instead.

Hi Trader,

It's official. SpaceX has filed for the biggest IPO in history. $1.5 trillion valuation. June listing.

Every investor on the planet is trying to figure out how to get in.

I'm not buying it.

At $1.5 trillion, you're paying for perfection on day one — overvalued, overhyped, and overallocated to institutions before retail even gets a shot.

The real opportunity? The 7 publicly traded space stocks around SpaceX that are about to get repriced. They're already public. Already growing. And trading at a fraction of what SpaceX will command.

See All 7 Stocks in the Free Report

One competes with SpaceX on launches. Another just turned profitable with a $900M backlog. One has a monopoly on U.S. rocket engines. And one is a $1B micro-cap most traders have never heard of.

The filing is in. The clock is ticking. June is weeks away.

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Best,

The Trading Tips Research Team

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BREAKING NEWS

💼 Intuit Just Cut 3,000 Jobs. Not AI Though.

$INTU Intuit — the company behind TurboTax, QuickBooks, Credit Karma, and Mailchimp — just cut 17% of its entire workforce. That is 3,000 people out of 18,200. Gone.

CEO Sasan Goodarzi went on CNBC and said the cuts had nothing to do with AI. That same week, Intuit announced multi-year deals with both Anthropic and OpenAI to embed their models directly into Intuit's products. Interesting timing.

The stock fell nearly 20% on the news and is now down over 50% for the year.

• Over 111,000 tech workers have been laid off across 140 companies in 2026. Intuit is the latest name on a list that includes Meta, Amazon, and Pinterest. The pattern is always the same: cut headcount, announce an AI deal, call it efficiency.

• Intuit signed deals with both Anthropic and OpenAI the same week the layoffs dropped. The company says the two things are unrelated. Investors are not fully convinced, and the stock price agrees.

• Goodarzi argued that AI cannot replace Intuit's core business because people pay for confidence, not just code. He said people spend seven times more on tax and accounting experts than on software. That is either the most reassuring thing a CEO has said all year or the most expensive point he will ever have to prove.

📈 The Bull Case:

• Intuit has 100 million users across TurboTax, QuickBooks, Credit Karma, and Mailchimp. That is not a customer base that disappears overnight. These are sticky, recurring revenue products that people use whether the economy is good or bad.

• The AI partnerships with Anthropic and OpenAI could genuinely transform the products. Smarter tax filing, faster bookkeeping, better financial recommendations. If the technology delivers, Intuit becomes significantly more valuable with significantly lower costs.

• The stock is down over 50% this year. At some point, the selloff becomes the opportunity. The underlying business is still generating billions in revenue and the brand is still one of the most trusted in personal finance.

📉 The Bear Case:

• TurboTax charges people to file their taxes. The IRS now offers free direct filing. That is not a small problem. That is an existential one that is getting louder every year.

• If AI really can do what Intuit says it can do, the question becomes why anyone needs Intuit to do it for them. The same technology powering their new products is available to every competitor building from scratch with zero legacy costs.

• The stock is down 50% and the CEO is on television explaining layoffs that had nothing to do with AI while announcing AI deals. Investor confidence is not high right now and rebuilding it will take more than one good quarter.

The Munch Take: Every tech company in 2026 is running the same play. Cut headcount, sign an AI deal, go on CNBC, say efficiency. Maybe it works. Maybe it doesn’t. What is certain is that 3,000 people at Intuit are updating their resumes while the CEO explains that none of this was about AI. My wife does our taxes on TurboTax every year. She said the product better get a lot better after losing 3,000 people. I don’t care as long as she files everything on time.

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STORY OF THE DAY

 👾 Meta Asked Her To Learn AI. Then Came The Layoff.

A Meta employee spent months building an internal AI tool after the company held a mandatory AI training week for all staff. She did exactly what her employer asked. Weeks later, she was laid off.

That story went viral. Because it’s everyone's nightmare written in one sentence.

Meta cut 8,000 jobs on May 20 which is 10% of the entire company. That same week it posted record quarterly revenue of $56.31 billion and net income of $26.8 billion. The money didn’t disappear. It just stopped going to salaries and started going to GPUs.

• Meta made $26.8 billion in profit last quarter and still cut 8,000 people. This is not a struggling company trimming costs. This is a thriving company replacing humans with machines on purpose.

• Another 7,000 employees had their roles changed completely, moved into AI-focused teams whether they wanted to be or not. Restructured, not fired. For now.

• More cuts are expected in August and later in the year. The May round was not the end. It was the beginning.

📈 The Bull Case:

• Meta reported $56.31 billion in quarterly revenue and $26.8 billion in net income. Those are not the numbers of a company in trouble. They are the numbers of a company that has figured out how to make more money with fewer people.

• Replacing expensive headcount with AI tools means margins go up and profits go higher. Wall Street usually loves that math, even though the stock is down this year.

• Meta is investing heavily in its own AI infrastructure, Llama models, and AI-powered advertising tools. Every dollar saved on salaries goes directly into the products that generate the next billion.

📉 The Bear Case:

• Nearly 110,000 tech workers have been laid off across 137 companies in 2026 so far. Consumer confidence is already shaky. Mass layoffs at the world's biggest platforms do not help people feel good about spending money online, which is exactly how Meta makes its money.

• Regulatory pressure is building on both sides of the Atlantic. The FTC, the EU, and multiple governments are watching Meta's AI pivot very closely. One bad ruling changes the economics overnight.

• Morale inside Meta is reportedly at a multi-year low. Employee ratings on anonymous professional networks dropped 25% from their 2024 peak. Unhappy employees build worse products. Worse products lose users. Lost users hurt revenue.

The Munch Take: The scariest part of this story is not that AI is taking jobs. It’s that the people losing their jobs are the ones who built the software that’s replacing them. This employee built the future and the future did not need her anymore once it was finished. My wife said that sounds like planning a surprise party and then not being invited. That is exactly what it sounds like.

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