Alternative Investing Report - June 19, 2026

*as of 6/18; Sources: S&P, BTC, FTSE, DJRE, 30YM

SpaceX
IPO Price: $135.00 ($1.77 trillion market cap)
Current price: $185.00 ($2.43 trillion market cap)

• I think SpaceX is going to be worth much more than its IPO price

• It will merge with Tesla within the next three years

• In three years, SpaceX will be worth $4 trillion, and the combined company will be worth $8 trillion - $10 trillion

• All of its core businesses are on good trajectories and data centers in space will be game-changing

• The capability of Starship to deliver goods across the planet in an hour could change commerce in a major way

Here’s a list of our past expert investment picks.

Ron Biscardi is one of the most influential figures in the alternative investment world. As Co-Founder and CEO of iConnections, Ron is building the largest capital introduction ecosystem in existence collectively representing $55 trillion in assets across thousands of members from 80+ countries. His Global Alts conferences in Miami, New York, and Singapore are must-attend gatherings for managers, allocators, and family offices who understand that relationships drive returns. With more than 25 years of experience building firms and raising billions, Ron is known amongst institutional investors for being at the epicenter of global capital connections. To connect with Ron, follow him on Instagram, LinkedIn, and X @rbiscardi.

In the newest episode of Smart Humans, Slava Rubin talks with iConnections CEO and co-founder Ron Biscardi about the SpaceX IPO and the future of private markets.

🚀 Atom computing fundraise: The quantum computing startup raised a $100 million Series C round alongside a $100 million letter of intent from the U.S. government at an undisclosed valuation. We’ll be discussing the quantum sector and the major names to watch out for in our next Pre-IPO briefing on Monday at 11 AM ET.

🪙 Altcoin sell pressure: The difference between buy orders and sell orders for cryptocurrencies other than Bitcoin and Ethereum has hit a 5 year-high with $209 billion worth of selling pressure. More investors have been selling altcoins than buying them every month since January 2025, a trend that does not seem likely to reverse anytime soon.

🏡 Median listing price falls: As the number of active housing listings on the market has risen 5.5% so far this year, the median listing price has dropped 2.0%, a straightforward example of supply and demand.

🤖 CuspAI funding round: The UK-based startup attempting to use AI models to discover new materials and molecules raised a $400 million round at a $2.6 billion valuation, more than quadruple its value from last September.

🎬 $1 million lightsaber: Among the items in next month’s entertainment memorabilia auction at Heritage is a screen-used lightsaber from “The Empire Strikes Back” with an opening bid of $1 million.

🪙 Tokenization growing: The amount of tokenized real-world assets (RWAs) has risen 37% in the past six months and now exceeds $43 billion of value, with Ethereum capturing the lion’s share of activity at 57.8%.

Monday: 🚀 SpaceX IPO, 🏡 Hottest housing markets
Tuesday: 🤖 Industrial AI fundraises, 🤝 U.S.-Iran peace deal
Wednesday: 💵 PC redemption requests, 🥃 Japanese whiskey record
Thursday: 📊 Fed rate decision, 🚀 SpaceX buys Cursor

Have a great weekend!