SpaceX IPO Day Started at $150 and is Now $175
• https://www.nextbigfuture.com, by Brian WangSpaceX is at $2.2 trillion in valuation after IPO at $135 ($1.75 trillion).
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Business/ Commerce
World's First Net-Worth Trillionaire Shows Us How Markets Price the Future
• https://thedailyeconomy.org, Peter C. EarleBehind the headline figure lies a deeper economic story: financial markets assigning enormous value to long-duration, high-risk technological bets.
We Won't Sell Our Soul
• Edison Motors - YouTube.comIf Edison Motors ever loses its values, there's no reason for it to exist. Lately, we've been getting more and more calls from investors. And almost every conversation ends up in the same place
SpaceX might be amazing company & terrible IPO at once.
• https://www.linkedin.com, Linas BeliunasApple went public under $2B at ~15x revenue. SpaceX is reportedly asking for ~$2T at ~100x revenue.
Argentina Moves To Legalize "Non-Human Corporations" Run By AI
• https://www.technocracy.news, By: Frank LandymoreYou could already make the case that corporations are faceless monoliths geared purely towards maximizing profits with only a peripheral consideration of human wellbeing.
ActBlue CEO Pleads The Fifth During House Panel Hearing
• by Darlene McCormick SanchezActBlue CEO Regina Wallace-Jones invoked the Fifth Amendment on Wednesday before the House Administration Committee, surrounding reports that she may have misled Congress about how the platform vets foreign donations.
Elon Musk is selling the boldest story the world has ever heard
• MSNBut the normal rules of business don't seem to apply to Elon. From electric cars to space rockets, his capacity to excite markets is unparalleled.
Massive SpaceX IPO Demand Coming From Gulf Sovereign Wealth Funds
• https://www.zerohedge.com, by Tyler DurdenOne week ago, SpaceX kicked off its institutional roadshow, headlined by JPMorgan CEO Jamie Dimon, who hosted a nationwide "live interactive discussion" with private wealth clients.
The IPO Boom: Where Will The Money Come From?
• https://www.zerohedge.com, by Michael LebowitzThe media hype surrounding SpaceX's upcoming mid-June initial public offering (IPO) is immense.
Apollo And Blackstone Raise $35 Billion For Anthropic In One Of The Biggest Ever Private...
• https://www.zerohedge.com, by Tyler DurdenApollo And Blackstone Raise $35 Billion For Anthropic In One Of The Biggest Ever Private Credit SPV Deals
New Labor & Spending Data Reveals What's Missing
• https://www.youtube.com, Eurodollar UniversityWe're used to seeing this kind of thing out of the payroll reports, but I don't think anyone really expected this.
Xi closes the door after promising US CEOs to open wider
• https://asiatimes.com, by William PesekNew lurch toward more control and less openness is hard to square with what Xi promised Trump's assembled CEO posse in Beijing
Warren Buffett's heir at Berkshire Hathaway spends a cool $17 billion on two megadeals...
• https://www.dailymail.com, By BENJAMIN CURRYWarren Buffett's heir at Berkshire Hathaway spends a cool $17 billion on two megadeals in just two days
Bringing Sexy Back: Victoria's Secret Shoots Higher After Abandoning Woke Ideology
• https://www.zerohedge.com, by Tyler DurdenShares of Victoria's Secret surged a mind-boggling 40% in the U.S. morning cash session after the bras-and-lingerie retailer delivered a stronger-than-expected first quarter, boosted its outlook, and showed signs of a turnaround plan in motion.
After The AI Binge, Companies Balk At Soaring Bills
• https://www.technocracy.news, By: Thomas UrbainArtificial intelligence is getting expensive -- and companies are starting to rethink their embrace of the disruptive technology.
If you think the economy is bad now, you're not going to enjoy this info...
Donna HancockConcerning chatter in the world of macro; venture capitalists are no longer investing in companies that have more than five people
AI Boom is Proven. $50 Trillion Companies within 3 Years
• https://www.nextbigfuture.com, by Brian WangThe AI-Driven Valuation Explosion will go beyond Nvidia $5 Trillion. In May 2026, we have multiple companies valued at $3–6 trillion. We will have $10 trillion companies by the end of 2026 and $50 trillion companies by 2028.
The American Consumer Is Piss Broke
• https://www.zerohedge.com, by QTR's Fringe FinYesterday, as part of laying out the two paths I can see the economy taking, I wrote that beneath the surface, the American consumer is tapped out.
Buc-ee's is expanding into at least 6 more states -- here's where
• https://www.msn.com, by Katie Leigh MatthewsBig news for Buc-ee's fans: The convenience superstore is expanding into six (or is it seven?) new states over the next two years.
Energy Drinks Become Latest Casualty As Fuel Shock Shifts Consumer Behavior
• https://www.zerohedge.com, by Tyler DurdenThe national average price for 87-octane gasoline at the pump has remained above the politically sensitive $4-per-gallon threshold for 57 days and counting, as the U.S.-Iran conflict continues to disrupt energy flows through the Strait of Hormuz chok
Shockingly low sale price of flagship Portland office building that shows woke city is still far...
• https://www.dailymail.com, By JACK TOLEDOShockingly low sale price of flagship Portland office building that shows woke city is still far off recovery
Lululemon Calls Truce With Founder Chip Wilson After Stock Collapse, Leggings Quality Implosion
• https://www.zerohedge.com, by Tyler DurdenLululemon has settled its proxy fight with founder Chip Wilson, ending one of the year's top proxy battles, according to Reuters.
SpaceX-Tesla Merger Speculation Grows As Decade Of Cross-Company Deals Reveal Deeper Integration
• https://www.zerohedge.com, by Tyler DurdenWedbush Securities' Dan Ives has pointed out for months the potential for a SpaceX-Tesla merger, discussing the possibility with Bloomberg in February and, more recently, on a podcast where he said the probability is 80% by 2027. Polymarket odds of a
In South Korea, robots are building solar panels.
• LinkedinBut that is not the story. The story is what powers the robots.
Palmer Luckey: American companies don't actually have engineers anymore
• Tik Tok"American companies have been hollowed out..We're not teaching engineers how to be engineers anymore." "We're not teaching designers how to actually design things to be manufactured." "We're teaching them how to be high-level design sho
With Commercial Real Estate Still Challenging, Lenders Offload Troubled Loans At A Loss
• Zero HedgeMany lenders don't want to foreclose because they don't want to become landlords, according to a corporate real estate adviser.
Consumer Sentiment Just Hit an All-Time Low. Trump Calls it Best Economy Ever
• https://www.youtube.com, SchiffGoldTrump says best economy in 250 years. Consumer sentiment just hit an all-time low. Saylor just went underwater on $64B. Pick a story.
Iconic American Beer Brand Discontinued After 177 Years
• https://www.zerohedge.com, by Tyler DurdenSchlitz Premium, the storied lager once billed as "the beer that made Milwaukee famous," is heading into retirement.
Buc-ee's: Free-Market Triumph or Simply Capitalist Oppression?
• https://mises.org, William L. AndersonI'm not sure anything can prepare one for the Buc-ee's experience. Mine came earlier this week as my in-laws and I drove into one in Colorado on our way to Wyoming and Grand Teton National Park.
SpaceX Files For Nasdaq IPO Under Symbol SPCX
• https://www.zerohedge.com, by Tyler DurdenUpdate (1650ET): As expected, SpaceX filed its S1.
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