According to technology analyst Luke Lango, Elon Musk is about to launch his most audacious venture yet.
It's not data centers on Mars or humanoid robot helpers and it's happening right now, with some “Bank of Elon” Stocks set to bag the biggest profits.
The Teaser
Elon is getting ready to disrupt the largest market in the world, money itself.
This is the latest in a series of Elon Musk centered investment newsletter teasers by Luke. We have previously covered his xAI Supplier Company and Elon Musk's AI 2.0 Stocks, among others.
This one could be bigger than all of the others because the global financial system is worth nearly half a quadrillion dollars, yes that's a real number.
Between outstanding loans, credit card balances, cross-border remittances, this the approximate size of the global financial market.
Luke says Elon could come to control nearly half of it.
Specifically, how it moves and who profits from it. But how?
Through the highly anticipated launch of X Money.
This is Elon's financial app that could fulfill the longstanding vision he had for the original x.com, now known as PayPal.
Elon's grand vision is to create an all-encompassing “everything app” that includes checking, savings, investments, loans, and of course, payments.
All of it would be instant and without a middleman nickel and diming you every step of the way.
This is how Elon himself describes it:
He was on his way with the original x.com, which had nearly 200,000 users in 1999 before Elon was abruptly forced out of the company by his partners who didn't share the vision and it was never realized…until now.
Elon's Revenge
Now, after acquiring Twitter and renaming it X, this vision is finally about to become a reality.
Suddenly, the $44 billion sticker price paid for Twitter makes sense.
That huge investment was never going to be recouped by selling ads on user feeds. But by acquiring money transfer licenses in every state and partnering with Visa on a physical X Money debit card to create the world's premier financial app, the return could be trillions of dollars with a T!
Like X, X Money is privately-owned, but some stocks will be major beneficiaries of this disruption to the monetary system, which is our way to capitalize on the massive value “the bank of Elon” will create.
The Pitch
One report contains the names and tickers of the stocks Luke believes are perfectly positioned to explode as X Money scales across America and the world. It's called How to make 1,000% from the Bank of Elon.
It can be ours with a subscription to The Innovation Investor newsletter, which would set us back only $49 for the first year (normally $199) and it also comes with a 90-day money-back guarantee.
Why X Money Will Work
Lukes says it all comes down to DNA.
Not the biological material inside every living organism, but the acronym, which stands for:
As things stand today, X already has all three.
First, X's monthly active users number just under half a billion. This gives the platform a humongous pool to draw data analytics from.
Second, it benefits from network externalities or the network effect, as all social media platforms do, which means it's value increases the more people use it. This is important for things like instant money transfers.
Finally, X has multiple use cases.
For example, it is a primary news source for many users. For others, it's where they create content and network with others. So multiple activities are already interwoven into the fabric of the app.
Plus, X already has a proven blueprint that it can follow in China's “everything app” WeChat.
WeChat passed the billion user mark back in 2017, with people using it to chat, call, and pay for everyday items. It's no wonder the average user spends approximately 79 minutes on the app daily.
Anyone who invested in Tencent, WeChat's parent company, back in 2013 before it launched its banking features would have 10x'ed their money.
Now we may have another chance at similar gains and a few “Bank of Elon” stock recommendations are the way to make good on it.
Luke Lango's “Bank of Elon” Stocks
Luke has been obsessively researching what service providers and suppliers X needs in order to make X Money work and he thinks he's found them.
The first one is…never mentioned.
Instead, Luke baits and switches us by giving a free recommendation for a bonus report, The Next Round of Big Elon Musk Gains: How to Claim a Pre-IPO Stake in SpaceX, that is included in an Innovation Investor newsletter subscription.
That stock is Tema Space Innovators ETF (NYSE: NASA), which directly owns an equity stake in SpaceX in case you're wondering.
But getting back to the central theme of this teaser, X Money, what are some potential ways to profit from it?
- Visa (NYSE: V): An obvious one, as we already know it's providing the payment rails for X Money debit transactions.
- NTT Inc. (OTC: NTDTY): An existing X data infrastructure partner, particularly in Asia, and a global IT services provider.
- Alphabet Inc. (Nasdaq: GOOG): Owns a direct 7% equity stake in SpaceX, which in turn owns a majority stake in xAI/X.
There are other direct X Money partners, such as Cross River Bank, which is the banking institution holding user deposits, but the challenge is that they are privately-held.
Question is, will X Money be as revolutionary as Luke makes it out to be?
15x Bigger Than SpaceX, Tesla, and xAI Combined?
“Every time technology and money have collided throughout American history, the small group of people who saw it coming got extraordinarily wealthy.”
This statement is fundamentally true.
The telegraph, credit cards, and cryptocurrencies are all good examples.
But will X Money have the same kind of impact?
If stablecoins are any indication, the demand for a faster, more cost effective, and convenient banking experience is definitely there.
Stablecoin transaction volume surpassed Visa last year.
Where stablecoins fall short is a lack of yield and the need to use a third-party crypto exchange to convert to cash.
X Money addresses these shortfalls by offering up to 6% on savings, 3% cashback on certain purchases, and a single dashboard for a frictionless experience.
Given how it's positioning itself, I can see X Money capturing significant market share from the likes of Revolut, PayPal, Cash App and the best way to play it is with a direct stake in X, which is now owned by SpaceX.
Alphabet and numerous other public funds own a direct stake to get in before the IPO.
Based on reports about SpaceX's valuation, much of the upside is already priced in. But not all and over the long-term, it could end up being the cash cow of Elon's empire.
Quick Recap & Conclusion
- Technology analyst Luke Lango says Elon Musk is about to launch his most audacious venture yet and some “Bank of Elon” Stocks will bag the biggest profits.
- Luke is teasing the rollout of X Money, a financial app that integrates checking, savings, investments, loans, and payments into a single dashboard.
- One report contains the names and tickers of Luke's “Bank of Elon” Stocks. It's called How to make 1,000% from the Bank of Elon and we can get it with a $49 subscription to the Innovation Investor newsletter.
- No clues or recommendations were revealed in the teaser apart from Tema Space Innovators ETF (NYSE: NASA), which owns a stake in X Money's parent, SpaceX. However, we did include a better way to grab a pre-IPO stake.
- X Money will win market share from incumbents and based on the size of the problem it is trying to address, it could become the cashlow king of Elon's empire.
Will you use X Money? Drop a Yes or a No in the comments.