MARCO RUBIO, WEDNESDAY FEBRUARY 4TH: $UAMY $CRML $USAR

• On February 4, 2026, Secretary of State Marco Rubio will host the inaugural Critical Minerals Ministerial at the Department of State in Washington, D.C.

• The United States will welcome delegations from to advance collective efforts to strengthen and diversify critical minerals supply chains.

Paper shorts are running out of steam

#Gold up 12% from its lows
#Silver up 22% from its lows

Congratulations to anyone who survived the mass extinction event on Friday.

#Uranium is setting the stage for an upward swing

Most people focus on the spot market, which represents only 15% of the overall market. The term market is where the vast majority of uranium is sold.

Uranium contracts currently being negotiated:

- Floors in the 90s
- Ceilings in the 160s
- A rise of ~20% in the last ~7 months

The floor is higher than the current spot price.

Utilities are still short uranium and, at some point in the near future, will have to enter the market in size.

Uranium is one of my top picks for the long term.

Trade $URA with up to 100x leverage: gains.trade/trading#URA-USD

COMMERCE SEC HOWARD LUTNICK at "Project Vault" mineral reserve announcement: "We are taking back critical minerals. We are taking back mining. We're taking back the auto industry. You're gonna watch us take back pharmaceuticals. We're gonna take back semiconductors. None of this could possibly happen without [Trump's] leadership."

The evolving US critical-minerals strategy runs on three tracks.

🔹Firstly, it introduced White House-driven ‘America First’ deals, focused on deeper state intervention in domestic projects.
🔹 Secondly, it expanded into bilateral agreements overseas, supported by government-backed finance and public-private partnerships.
🔹 Thirdly, the Pax Silica initiative emerged, aiming to combine capital, reserves, processing knowledge, and downstream demand across allied jurisdictions into a coalition of capabilities.

Now increasingly intertwined, all three tracks are geared towards maintaining secure and reliable supply chains and access to critical minerals.

President Donald Trump has turned the United States’ critical-minerals policy into a three-pronged, state-capitalist strategy: faster permitting at home, equity-style deals and price floors for strategic producers, and a new wave of bilateral pacts backed by public finance.

Washington is now trying to weld these tools into a ‘coalition of capabilities’ – but the model’s success will hinge on implementation.

🚨 JUST IN: Treasury Sec. Scott Bessent says it PERFECTLY after President Trump forms $12B stockpile of rare earth minerals to guard against China

"We are TAKING BACK our sovereignty!" 🔥

"As you always say, economic security is national security, and a country does not have sovereignty if we don't have control of our critical minerals, don't have control of our steel production, and our industrial base!"

WE VOTED FOR THIS 🇺🇸🇺🇸🇺🇸

The US will start purchases of critical minerals over the next few quarters. With deliveries expected mid-to-late 2026 once contracts are locked in.

Australia is a key beneficiary

Minerals to watch and origin;
Lithium – Australia, Chile
Nickel – Australia, Canada
Rare earths – Australia, US
#Copper – Australia, Chile

Google is the biggest winner in the SpaceX IPO.

Back in January 2015, Google made a decision that most venture capitalists would call insanely risky.

They threw $900 million at SpaceX when the company was valued at just $12 billion.

Elon had recently figured out how to land rockets.

Starlink was literally just a PowerPoint deck.

The company was burning through cash like water trying to prove the entire concept of reusable rockets could actually work.

On paper, this looked like Google throwing away nearly a billion dollars on a moonshot.

But they saw something everyone else missed.

A founder willing to do the impossible and a company building what would become essential infrastructure for the next decade.

Fast forward to February 2026 and that single decision is about to make Google the biggest winner in what's shaping up to be the largest IPO in human history.

SpaceX is prepping for a mid June IPO at a $1.5 trillion valuation.

Google's 7.4% stake is about to be worth approximately $111 billion.

That's an increase of over $110 billion from their original $900 million investment.

To put it another way, every dollar Google invested just turned into roughly $123.

The reason Google deserves the title of biggest winner isn't just about the raw numbers, though those are absolutely staggering.

It's because they made this bet when nobody was paying attention.

SpaceX could have easily gone under.

In 2015, SpaceX had never successfully landed a rocket and recovered it.

The Falcon 9 had only been flying for a few years.

Starlink was a concept that most people in Silicon Valley thought was a distraction from the core business.

Revenue was basically nonexistent compared to today.

Yet Google saw the market opportunity.

A company with an effective monopoly on launching things to space at scale.

A founder with unlimited conviction and a business model that would become increasingly valuable as the world's data and compute needs exploded.

What makes this different from other venture capital wins is the sheer trajectory.

If you plot SpaceX's valuation from 2015 to 2026, it's almost vertical.

From $12 billion to $36 billion by 2020.

Then jumping to $100 billion by 2021.

$180 billion by 2023.

$210 billion by mid-2024.

$350 billion by late 2024.

Now sitting at $1 Trillion in February 2026.

The IPO target is $1.5 trillion.

Every year, the valuation roughly doubles or triples.

That's the kind of growth trajectory that only happens when you're building something genuinely transformative.

Google got to ride that entire wave with a single check.

The reason Google is the standout winner compared to other early shareholders is also about timing and positioning.

Fidelity Investments also made a big bet alongside Google in 2015.

They've obviously done well too.

But Google's stake is the single largest outside shareholder position after Elon.

They're getting the ability to influence a company that's basically becoming a fourth branch of government in terms of how critical space launch capability is.

No other private company can claim that level of control over orbital infrastructure.

Here's what's actually wild about this whole thing: most people don't even know this is happening.

Because SpaceX is a private company, Google's stake has been sitting on their balance sheet essentially at cost for a decade.

The gain has been completely hidden from casual observers.

But the moment SpaceX IPOs, that $111 billion position becomes real.

It shows up in earnings.

It fundamentally changes how people view Alphabet as an investment.

That's a massive catalyst that a lot of investors aren't positioned for.

What also makes Google the biggest winner is that they didn't need to take this risk and they knew it.

Google had mountains of cash.

They were already the dominant search company.

They could have just kept doing what they were doing and still been worth hundreds of billions of dollars.

But Sundar Pichai and the team at the time made a strategic bet that space infrastructure was going to matter.

They believed that reusable rockets would become foundational.

They were convinced that SpaceX was the only company that could pull it off.

They were right.

And now they're about to collect one of the largest venture capital payouts in history.

The other thing that makes this interesting is that Google gets strategic benefits on top of the equity upside.

By owning 7% of SpaceX, Google has visibility into the company's satellite internet plans.

They can negotiate favorable launch terms for their own ambitions in space.

They're essentially hedged into the space economy at scale.

As AI compute demands keep growing and data centers need more bandwidth, having ownership in the only company that can reliably launch satellites becomes incredibly valuable.

So Google is securing their own infrastructure future.

When the IPO closes in June and Google's stake becomes liquid and tradeable, we're going to see headlines everywhere.

Google turned less than a billion dollars into over $100 billion.

But the real story is that they had the foresight to make the bet when almost nobody believed in SpaceX.

They had the patience to hold it for a decade.

While the company became the most valuable private company on Earth.

That's what separates truly great venture capital wins from lucky bets.

IT’S OFFICIAL:

Elon Musk’s SpaceX has acquired xAI, here’s the official press release.

The biggest IPO in history just got even bigger.

Absolutely incredible.

🇺🇸 xAI is hiring crypto experts to teach Grok how to trade DeFi protocols, perpetual futures, and cross-exchange arbitrage in "high-volatility 24/7 markets."

The job posting is basically looking for people who can explain MEV-aware execution without breaking a sweat.

Crypto bros, your time has come.

🐦 @pigeon_trade_bot

🎲 @polycoolbot

Data centers are massive and for xAI, they need to be even more massive

You can’t build an orbital data center with small rockets
You need Starship - the best there is

Starship V3 is coming, designed to carry 200+ tons to orbit per flight
• Hundreds of high‑density compute satellites in a single launch
• Lower cost per kilowatt in orbit than any ground-based grid
• Full reusability and rapid cadence for real scaling, not one-off missions
• Space-only advantages: vacuum cooling, global coverage, ultra‑low‑latency paths

Matching one Starship flight would take 400+ Falcon 1 launches... thats hundreds of rockets, hundreds of launches, and years of time, just to equal what a single Starship can do

Without Starship, orbital data centers and space-scale computing would take decades

Starship turns orbital AI from a concept into infrastructure and it’s happening much sooner than people imagine

Tuesday, Feb 3 2026, 12:30 UTC time

Latest Important Headlines

🟢 📋 India – US Trade Deal Sparks Rally 
Indian rupee and equities jump: Rupee surges in NDFs, posts biggest one-day rise since 2018; stocks rally (Reliance, financials, exporters, EMS/tech) and set to open near record highs. Bond impact: India 10Y yield and OIS rates fall; analysts raise growth/earnings targets and trim near-term rate cuts. ✅

🔵 ✅ US – Macro & Markets 
ISM Manufacturing rises to a multi-year high on improving demand sentiment; dollar holds firm amid shifting Fed expectations. Yields: US 10Y keeps advance, underpinning risk/FX moves. 🔖

🟡 🔖 Australia – RBA Hike & Follow‑through 
RBA raises rates (first in two years): Aussie dollar rebounds and 10Y yield climbs; major banks lift home loan rates. Market pricing tilts toward further hikes. 📌

🟣 📌 Japan – Exports & FX 
Food exports hit record (2025) driven by strong US demand; yen remains under pressure as dollar strength persists. ✅

🟠 📋 New Zealand – Construction & FX 
Building permits fall (Dec); NZD rebounds amid mixed local data and offshore flows. 🔖

🔴 ✅ France & Europe – Inflation and Rates Watch 
French preliminary CPI eases (0.4% Jan), budget deficit narrows—data cool ahead of ECB meeting. German 10Y Bund nears Mar 2025 highs as European yields move higher. 📌

🟤 🔖 UK – Consumer Prices & Bank Outlook 
Grocery inflation eases to 4.0%; markets see BOE possibly pausing in 2026 given sticky inflation risks. ✅

⚫ 📋 South Korea – FX Flows 
Won strengthens on trade progress and equity inflows after US‑India deal headlines. 🔖

🟩 ✅ Russia – Growth Outlook 
Deputy PM Novak projects 2026 GDP growth ~1–1.3%, signaling modest expansion and continued macro caution. 📌

🟦 🔖 Commodities & Global Sentiment 
Precious metals selloff / copper correction: big moves in metals amid risk-on flows; market debate on diversification and long-term fundamentals. ✅

Market Takeaway: Risk assets lean higher on the US‑India trade deal and easing Eurozone inflation, while central‑bank rate expectations and US yields keep FX volatility elevated. Monitor India flows, US yields, RBA follow‑through and ECB/BoE signals for next directional moves.