SpaceX (SPXC) just made its Nasdaq debut – surging over 20% and valuing the company at more than $2 trillion. And retail investors could be left holding the bag.
The IPO was oversubscribed by four times the number of shares available, with demand for shares topping $350 billion. Retail investors are rushing to get in at their first opportunity… but it could be at the exact wrong moment.
It wouldn’t be the first time. A study of 30 blockbuster IPOs in recent years showed an average drawdown of 55% during the first year of trading.
Retail investors who buy now could once again serve as exit liquidity for Wall Street’s elite. But it’s not bad news if you’re an insider.
Investors bidding up SpaceX have made Elon Musk the first trillionaire in history. Privileged investors with access to SpaceX during private fundraising are sitting on windfalls worth billions.
The reality? The SpaceX IPO is just the latest sign that the market is rigged against the average investor…
The SpaceX IPO is just the latest insult in a stock market boom that’s funneling money from the average investor to those with insider access. Soon, it will be Anthropic and OpenAI founders and early investors who are cashing out.
But this money transfer is not just happening in IPOs. The rig is on full display throughout the stock market, and it looks set to get worse.
Take Jane Street, for example – a secretive quantitative trading firm. In 2025, Jane Street brought in more trading revenue than JPMorgan, with a haul of $39.6 billion.
Think about that… a prop trading firm with 3,500 employees generated more trading profits than the biggest bank in the world. Revenue totaled about $11 million per employee.
Part of the outrageous profit stems from a practice called “payment for order flow.” In simple terms, Jane Street pays your broker to send stock and ETF trades its way for execution. That means it gets to peek at your activity… which makes it easy to take advantage. It may only result in a few cents difference per trade, but when taken in aggregate, the returns stack up into the billions.
The practice is so controversial that Europe banned payment for order flow. Likewise, Jane Street was recently barred from India’s securities market.
Now Jane Street is teaming up with AI-infrastructure company CoreWeave in a $7 billion data center deal to advance its trading algorithms even further.
How can the average investor even begin to compete?
That’s the question that’s hovered in my mind for some time. Even better, I’ve found a solution in a growing opportunity that hasn’t been spoiled by Wall Street yet…
Every so often, a new market comes along that hasn’t been corrupted by the type of manipulation now common on Wall Street.
When I first started trading over 40 years ago, options were a perfect example. Inefficiencies meant mispriced contracts and lucrative profits for those who knew how to take advantage.
When crypto markets appeared a decade ago, it was a similar story while Bitcoin was still relatively unknown and on the rise.
Now there’s another new market that’s gaining popularity… and is starting to go exponential. Volumes have topped about $60 billion this year, which is more than all of 2025. At that pace, activity could reach $1 trillion in the next four years.
Those kinds of figures will surely attract Wall Street’s attention.
But for now, the opportunity remains relatively untouched, which gives the average trader a chance. That’s why now is the time to act.
To explain exactly what this new market is… and how the average Joe can start to trade it… I’m holding a special event this week called “The Last Unrigged Market in America.” I hope you’ll join me.
At 8 p.m. ET on June 17, I’ll sit down with tech expert Jeff Brown to break down the incredible opportunity facing us. I’ll go through the testing my team and I have done – and show how you can earn double- and triple-digit profits in a matter of days… or even hours. And to help you see the proof yourself, I’ll send a free trade to anyone who attends (sent after the event).
I don’t want any of my readers to miss out, so RSVP here with one click.
Regards,
Larry Benedict
Editor, Trading With Larry Benedict
Reading Trading With Larry Benedict will allow you to take a look into the mind of one of the market’s greatest traders. You’ll be able to recognize and take advantage of trends in the market in no time.
