Chit Chat Stocks SpaceX's Imminent IPO; Meta's Lawsuit Implications; Opportunity In Luxury Stocks?
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Mar 27, 2026 Big talk about an anticipated, massively oversubscribed SpaceX IPO and speculation on valuation and Musk’s fundraising strategy. Deep dive into oversized drawdowns in luxury stocks and whether the sell-off is normalization or structural. Debate over OpenAI and venture funding quirks. Coverage of Grab’s Taiwan expansion, delivery and autonomous vehicle dynamics, and rising legal risks for major social platforms.
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Luxury Sector Revenue Reversed Post Pandemic
- Luxury sector revenue doubled from $82B in 2020 to $151B in 2023 then declined, marking the first post-GFC drop outside the pandemic.
- Ryan and Brett link the pullback to normalization, China property weakness, tariffs, and tourism headwinds in Europe and the Middle East.
Prefer Scarce Heritage Luxury Brands
- Prefer Hermes and Ferrari over LVMH and Essilor based on craftsmanship, pricing power, and production discipline.
- Brett cites Hermes' handcrafting and Ferrari's controlled production as reasons to favor them for durable luxury moats.
Retail Fever Inflates Private Tech Valuations
- Fundrise Innovation Fund surged ~750% at IPO trading at ~15x NAV, illustrating retail demand for private-tech exposure despite absurd pricing.
- Ryan warns these structures trade on 'vibes' because private companies selectively disclose positive metrics.