[U: Trading @ $110 Monday Morning!] SpaceX Will Post Vast GAAP Losses Per Share, On August 4. Then Two Days Later, Many Insiders Will Be Free To Sell.

This may well turn into the perfect storm for Elon, if the poor quarterly results at Tesla -- coupled to the below -- end up meaning that the two companies' chance for a favorable merger transaction. . . has been scuttled.

All the structuring (and frankly -- winking) on the planet cannot obscure the gargantuan and poor GAAP financials -- in both these '34 Act companies now. Here is a bit, for the evening of August 4, 2026:

. . .Consensus estimates project revenue of around $6.87 billion for the quarter and a loss of $0.28 per share, according to Yahoo! Finance. . . .

In the first quarter of 2026, SpaceX generated revenue of nearly $4.7 billion and a loss of $1.27 per share. . . .

If insiders sell a large number of their shares, that could flood the market with supply and hurt the stock, even if [the narrowing losses] are perceived positively. . . .

What an upside down world, indeed -- but don't go short or buy puts yet, because too many deep pockets will try irrational things to prop up the stock price above $100, in the next six months.

No, let it break below $100 first. And it will. Heh.

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