Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

Deep Fundamental Analysis

SpaceX (SPCX US) Goes Public: Unassailable Moat, Unanswerable Valuation

US EQUITY OVERSUPPLY: When the Public Buyers Become the Greater Fools

AI | Semiconductors | Commodities, Mint Finance

Raghav Vashisht

AI | Semiconductors | Commodities

Cross Asset Strategy

<ul>
<li>SpaceX's greenshoe exercise lifted its public float from 4.3% to 4.8%, but passive tracking capital is still forced to compete for a rationed public float with no near-term relief.</li>
<li>Cumulative Volume Delta turned negative at the exact moment price hit its all-time high, revealing aggressive selling beneath an apparently bullish tape.</li>
<li>With over 60% of day-one volume executed off-exchange, the reference price index funds must use on July 7 is effectively being set in the dark.</li>
</ul>


SpaceX's greenshoe exercise lifted its public float from 4.3% to 4.8%, but passive tracking capital is still forced to compete for a rationed public float with no near-term relief.
Cumulative Volume Delta turned negative at the exact moment price hit its all-time high, revealing aggressive selling beneath an apparently bullish tape.
With over 60% of day-one volume executed off-exchange, the reference price index funds must use on July 7 is effectively being set in the dark.


Anatomy of a Liquidity Trap: SpaceX’s NDX Entry and the Inter-Market Arbitrage