Happy Friday. Existing home sales fell more than expected, a Kobe jersey sold for $7 million, Neuralink’s valuation is growing, and Trumpcoin surges. Let’s dive in!
📺 Watch: Our briefing about investing into the AI landscape, which looked at what investors need to know about the hottest sector in tech.
🎤 Listen: To the audio version of our pre-IPO briefing on Neuralink, Elon Musk’s neurotechnology company.
This issue is brought to you by RAD Intel, disrupting the $1.1 trillion marketing industry.
📈 DAILY MARKETS
*as of 4/24; Sources: S&P, BTC, FTSE, DJRE, 30YM
🏡 HOME SALES
Existing home sales fell a whopping 5.9% in March, the largest monthly decline since 2022, and were down 2.4% year-over-year. Mortgage applications fell by 12.7% in the past week, suggesting that April’s numbers will not show any improvement. Meanwhile, median home prices rose by 1.3% monthly and 2.7% year-over-year.
➨ TAKEAWAY: The housing market remains in a slump, and the recent rise in mortgage rates makes it likely that the sluggishness will continue. There had been hopes of a turnaround after February’s numbers showed an uptick heading into the usually-busy spring season, but economic uncertainty has made buyers hesitant to jump in. However, sales of new single-family homes rose in March, primarily in the $300,000 range, meaning that there is buying demand, just at a lower price point.
Partner
Invest in a digital marketing disruptor
The creator economy is booming, but most brands are still relying on likes, shares, and other outdated metrics to gauge success. RAD Intel helps brands identify who and what actually moves the needle. Their AI-driven platform analyzes emotional tone, behavioral patterns, and audience response in real time, then turns those insights into action.
That’s why RAD’s valuation has grown 1600 percent over the past four years—from $5 million to $85 million.* And the momentum isn’t slowing - in Q1 of 2025 alone, RAD doubled its total 2024 sales contracts.
RAD Intel has traction. It has technology. It has trust from some of the most recognizable brands in the world. And right now, shares are still available at $0.60.
📺 EVENT REPLAY
“If I take a nap and three years from now, or better yet, 10 years from now, I wake up, is this company going to be awesome?” - Slava Rubin
Earlier this week, Slava Rubin of Vincent, Josh Kampel of Worth Media, and Jan-Erik Asplund, co-founder of Sacra, discussed how investors should approach the emerging AI ecosystem and its most promising companies, and how investors can get exposure to the hottest sector in pre-IPO investing
Brought to you by Healey Pre-IPO: Concierge access to private tech stocks. Founded by specialist Pre-IPO broker Christine Healey.
🏀 KOBE JERSEY
(Sotheby’s)
A game-used Kobe Bryant jersey from his rookie season that was photo-matched to his NBA debut sold for $7 million at Sotheby’s, a new record for any Bryant memorabilia and the fourth most expensive jersey ever sold. Among NBA memorabilia, it trails only a Michael Jordan jersey that sold for $10.1 million in 2022.
➨ TAKEAWAY: While there had been hope that this jersey could sell for more than $10 million and set a new record, the result is still a strong one. Since his untimely death in 2020, the market for Kobe memorabilia has surpassed any NBA player besides Jordan. Sotheby’s head of modern collectibles Brahm Wachter said, “over the last 18 months…the demand for Kobe, the rate of growth, I think is actually outpacing Jordan.”
🎤 PODCAST
“It's quite overpriced. But at the same time, people are betting on it because it's an Elon Musk company.” - Jan-Erik Asplund
In this episode of Smart Humans, Vincent founder Slava Rubin and Sacra co-founder Jan-Erik Asplund looked at Neuralink, the Elon Musk-founded neurotechnology company. They talked about the company’s growth, strengths, challenges, IPO prospects, and much more.
📰 NOTABLE NEWS
🚀 Neuralink valuation: The Elon Musk-led brain implant startup is planning to raise $500 million at a $8.5 billion valuation, a 75% gain over its $5 billion valuation in 2023, with the company still pre-revenue.
🪙 Trumpcoin price rockets: The official memecoin of the President is up more than 70% in the last week after it was announced that the top 220 holders will be invited to a private gala with the president next month.
🎨 Giacometti bronze bust: The centerpiece of Sotheby’s modern art sale in May is Alberto Giacometti’s 1955 “Grande tête mince (Grande tête de Diego),” a 25-inch sculpture estimated to sell for as much as $70 million.
🏢 Multifamily supply: The projected number of multifamily completions between 2025-27 has risen roughly 2% due largely to longer construction timelines, which has pushed back projects that had been due to finish in 2024 and before.
💵 European private credit for retail: The U.S. bond giant Pimco is launching a European private credit fund that will target wealthy individual investors, just the latest company offering greater access to the asset class.
🚀 Climate tech investment: Q1 saw $18.4 billion of VC funding go to climate-focused startups, the highest number since 2022 and the third straight quarter of growth. However, deal counts fell to the lowest total since 2020, as VCs across sectors have been focusing on bigger rounds to fewer startups.
📝 IN CASE YOU MISSED IT
Monday: 🤖 AI & VC
Tuesday: 🪙 Tokenized real estate, 🚀 Digital health funding
Wednesday: 🪙 Crypto bounceback, 🚀 VC funding landscape
Thursday: 🤖 AI investing, 🪙 Crypto partnership
Have a great weekend!
*Advertiser’s disclosure: This is a paid advertisement for RAD Intel's Regulation A+ offering. The Company valuation is set by RAD Intel. Please read the offering circular and related risks at invest.radintel.ai.
