SpaceX is preparing for what could be the world's largest IPO, potentially launching as early as June 12, with 30% of shares allocated to retail investors. The article examines Elon Musk's track record through Tesla's performance since its 2010 IPO, which has delivered strong long-term returns despite recent challenges. However, the author cautions that past success doesn't guarantee future results and advises investors to evaluate SpaceX on its own merits based on their risk tolerance rather than relying solely on Musk's Tesla success.

Remitly has experienced rapid growth with its customer base expanding from 2.8M to 9.3M users and revenue jumping to $1.64B, but faces an existential threat from stablecoins like USDT and USDC that offer faster, cheaper cross-border transfers. While Remitly currently maintains a competitive advantage through its 'last mile' integration with local payment systems, major payment platforms like Visa, Mastercard, and PayPal are increasingly integrating stablecoins, which could disrupt Remitly's business model and justify its current undervalued stock price.

NWI Management LP sold its entire position of 42,700 MercadoLibre shares worth approximately $82.37 million during Q1 2026. The sale was part of a broader portfolio reshuffling that also included positions in Broadcom, PayPal, and Cloudflare. MercadoLibre stock has struggled due to e-commerce competition, margin compression, and rapid loan portfolio expansion that increased provisions for doubtful accounts.

Visa, Mastercard, and American Express are well-positioned to thrive in the stablecoin era by integrating stablecoins into their existing networks while maintaining consumer protections and merchant ubiquity. PayPal, however, faces greater vulnerability as stablecoins undermine its transaction-based revenue model and lower barriers to entry in digital payments, making it a stock to avoid unless its turnaround efforts succeed.

The global payment gateway market is projected to grow from USD 32.7 billion in 2025 to USD 116.7 billion by 2035, at a CAGR of 14.1%. Growth is driven by rapid digital payment adoption, e-commerce expansion, mobile penetration, and increasing demand for secure transactions. Hosted payment gateways lead with 52.3% market share, while card-based payments capture 47%. Key opportunities include blockchain integration and emerging markets with underbanked populations.

PayPal announced the expansion of its dollar-backed stablecoin PYUSD to 70 markets worldwide, enabling faster and lower-cost international transactions for consumers and businesses. The stablecoin, fully regulated and backed by U.S. dollar deposits and Treasuries, allows users to buy, hold, send, and receive funds with faster settlement times and reduced fees compared to traditional payment methods.

PayPal announced the global expansion of its dollar-backed stablecoin PYUSD to 70 markets worldwide, enabling faster and cheaper international transactions for consumers and businesses. The stablecoin, regulated by the U.S. Office of the Comptroller of the Currency, allows users to buy, hold, send, and receive PYUSD directly from their PayPal accounts, with benefits including instant transfers, faster fund access for merchants, and reduced international payment fees.

Black Creek Investment Management sold 473,785 shares of PriceSmart (PSMT) for approximately $69.20 million in Q1 2026, reducing its stake to 1,164,834 shares. Despite the trim, Black Creek maintains significant conviction in the company, with the reduction attributed to routine portfolio management following a strong 55.8% annual stock price run. PriceSmart's membership warehouse club model in underserved Central American and Caribbean markets remains the core investment thesis.

PayPal stock has experienced a disappointing year with further declines. The article questions whether the payment services company's stock price dip presents a buying opportunity, noting that the management team is struggling to reinvigorate growth.

PayPal has appointed new CEO Enrique Lores from HP to restructure the company into three divisions (checkout, consumer financial services, and payment services) and invest in AI for cost efficiency. Despite processing $464 billion in Q4 volume with 11% YoY growth, the company issued disappointing 2026 guidance with expected 3% drop in transaction margin dollars and 9% EPS decline. The stock trades at only 9x trailing sales, down 86% from its all-time high, but remains uncertain whether it represents a bargain or a value trap.

Major private companies like Stripe, SpaceX, and Databricks are demonstrating that scaling to tens or hundreds of billions of dollars no longer requires going public. The rise of secondary markets, which hit a record $226 billion in transaction volumes in 2025, allows late-stage companies to provide investor liquidity through structured sales and tender offers without listing publicly. This shift is fundamentally changing the traditional IPO pipeline.

PayPal shares dropped 9% following Q1 2026 earnings despite beating revenue expectations. The company's core branded checkout business grew only 2%, margins contracted, and management warned of further earnings declines in Q2. While the stock trades at a cheap 9x earnings multiple, intense competition from Apple Pay, Block, and Stripe, combined with weak international performance and admitted years of technology underinvestment, suggest the turnaround may take years to materialize.