Lou Franz

Idaho alum and Vandal football super fan. Over the hill athlete. Truck guy.

[Shanaka Anslem Perera ⚡ @shanaka86]

The world just paid $2 trillion for a rocket company that lost $4.9 billion last year. And the rockets are not why it lost the money. They are the only part making any.

SpaceX went public Friday, the largest IPO in history. Up 19%, a $2 trillion valuation, Elon Musk the first trillionaire. Then you open the filing.

Three businesses sit inside it. Starlink, the satellites, brought in $11.4 billion, 61% of all revenue, and $4.4 billion in profit. It is the only piece that earns a dollar. The rockets that land themselves run a small loss reinvesting in Starship. And the AI arm, Grok plus the app once called Twitter, folded in this February, lost $6.4 billion in a single year on $12.7 billion of spending.

Read that again. The satellites pay for everything. The AI loses more than the satellites make. And the AI is the part the market fell in love with.

It gets bolder. The prospectus claims a total market of $28.5 trillion, the largest any company has ever put in a filing. Larger than the GDP of the United States. That is the number underwriting a $2 trillion price tag built on a division bleeding $6 billion a year.

Now the structure. About 4% of the company trades. That sliver sets the price for all of it. Musk is locked up for 366 days and holds roughly 80% of the votes. The public bought a company they cannot steer, priced on the one segment losing the most.

This is the whole year in one ticker. The profit is satellites. The story is AI. The market bought the story.

The rockets were never the risk. The risk is a $2 trillion price resting on the one bet that has yet to make a cent.

[New Mexico Football @UNMLoboFB]

Bada Bing! We have times and networks!

#GoLobos | #RealOnes26

[Chaz Wright 🌵 @ChazWrightTV]

“This injury’s been frustrating, it’s been humbling, but at the same time I’m super blessed to be out here”…

Although out with injury, QB Jack Layne is still finding ways to be a leader on the field!

@JackLayne18 @UNMLoboFB @Coach_Eck

[cp3ep @cpolson3]

New Mexico Lobos QB Jack Layne... This Is Who He Really Is https://t.co/GpyJ8qLtkd via @YouTube @JackLayne18 #fca #fellowshipofchristianathletes @TheFCATeam @Sports_Spectrum #sportsspectrum #JesusSaves #JesusWon @jfreakhideout #unm #newmexicolobos @tpusafaith @TPUSA #GoLobos @UNM @UNMLoboFB @UNMLOBOS

[Joey Olsen @joeyolsen82]

Let’s play some ball @UNMLoboFB

[Sean Reider @lenaweereider]

From the last notebook of 2025:

-WRs coach Colin Lockett expected to leave for UCLA
-QB Jack Layne played final stretch of season with torn tendon in throwing elbow
-LB Jaxton Eck has a fractured scapula, will miss time

Read here: https://t.co/wZmecIWALx

(📸 via @ABQJournal)

[New Mexico Football @UNMLoboFB]

Time to make history.

#GoLobos | 🐺⬆️

[Fernando Lovo @flovom]

🔥🔥🔥 @KasemanUNM with another cinematic masterpiece. He doesn’t miss!

Lobo Nation, if this doesn’t get your blood pumping I don’t know what will! Let’s bring this same energy for @UNMLoboFB tomorrow and take University Stadium to another level 🔊📈

#GoLobos 🐺

[Drew Bellisari @drew_bellisari]

After a great conversation with Coach Ragland @A_Ragland14 I’m blessed to receive a Division I offer @MiamiOHFootball @CoadyKeller1 @Martin_Miami_HC @BWHSFootball1 @BradMaendler @AllenTrieu @TomLoy247 @GregSmithRivals @TylerStevens94 @DispatchPreps

[QBHitList.com @QBHitList]

😏All he does is win, win, win!!! 25-0‼️@QBHitList Premium ‘26 QB @drew_bellisari @BWHSFootball1 9-0!!!
🎥⏬️⏬️⏬️

[Mark Schlereth @markschlereth]

Lakeland High School in Rathdrum, Idaho has earned the 1 in 25 chance to win a 1 million stadium makeover and a weight room upgrade from gronk fitness from the Friday Night 5g Lights Tmobile contest.  They need your help!  Please vote once a day, every day until Oct 24 to help this small town make their big dreams come true. 

https://t.co/cNYaDy9VzY

[New Mexico Football @UNMLoboFB]

🔨 Grit Hammer Winner 🔨 @JackLayne18

#GoLobos | 🐺⬆️

[Idaho Football @VandalFootball]

Battle for the Little Brown Stein✌️

🆚 No. 4 Montana
⏰ 7:15 p.m. PT
📍 Missoula, Mont.
📺 ESPN 2
📻 @varsity

[mary bellisari @mcez26]

Let’s go @drew_bellisari @JackLayne18 @DylanLayne4

[New Mexico Football @UNMLoboFB]

A moment our players and fans will never forget!

[Sean Reider @lenaweereider]

QB Jack Layne’s final line: 12-for-16, 152 yards and two touchdowns.

Eck: “Awesome. Great decision-making, tough. I thought he did a really nice job managing the end of the game and making sure we were snapping it … He’s really playing at a high level here.

“I told him this week — I said I think you’re playing the best you’ve played in the four years I’ve been with him.”

[The Vandalizers @uivandalizers]

OH MY GOODNESS

[Lucas Noland @lucasnoland_]

Can’t wait to watch @ajnoland12 make his first collegiate start as a redshirt freshmen this Saturday in Husky Stadium. Couldn’t be more proud! Go Rams🐏

[James Taurman-Aldrich @jamesaldrich25]

Two former Vandals, Mark Hamper and Mason Mini, are starting for Cal this week!

[New Mexico Football @UNMLoboFB]

Day 15: Players of the Day 👏🔥

#GoLobos | 🐺⬆️