History's first trillionaire is a guy who catches rockets out of the sky with chopsticks and beams internet to every dead zone on the planet.
Same guy ships cars that drive themselves, humanoid robots for the factory floor, brain chips that let paralyzed people move a cursor with pure thought, and an AI running on a supercomputer his team stood up in months instead of years.
And the people crashing out about his net worth are doing it on the app he owns. The same app governments spent years trying to censor.
You cannot legislate a rocket into orbit.
> you’ll never start a rocket company
> you’ll never build your own engines
> you’ll never be able to use off-the-shelf parts
> you’ll never survive three launch failures
> you’ll never reach orbit
> you’ll never win NASA’s trust
> you’ll never launch cargo to the ISS
> you’ll never compete with Boeing
> you’ll never compete with Lockheed
> you’ll never make rockets reusable
> you’ll never land a rocket vertically
> you’ll never land one on a drone ship
> you’ll never reuse a booster
> you’ll never fly the same booster 10 times
> you’ll never fly the same booster 20 times
> you’ll never fly the same booster 30 times
> you’ll never recover and reuse the fairing
> you’ll never lower launch costs
> you’ll never launch every month
> you’ll never launch every week
> you’ll never launch multiple times a week
> you’ll never carry astronauts
> you’ll never replace Roscosmos
> you’ll never fly civilians to orbit
> you’ll never manufacture satellites at scale
> you’ll never build the biggest constellation ever
> you’ll never make satellite internet work
> you’ll never make satellite internet fast
> you’ll never make satellite internet affordable
> you’ll never serve rural customers
> you’ll never serve aircraft and ships
> you’ll never build a methane rocket engine
> you’ll never make full-flow staged combustion work
> you’ll never build the most powerful rocket ever
> you’ll never build a rocket bigger than Saturn V
> you’ll never build it out of stainless steel
> you’ll never launch Starship
> you’ll never separate Super Heavy and Starship
> you’ll never relight Raptor in space
> you’ll never bring Super Heavy back
> you’ll never catch a booster with Mechazilla tower arms
> you’ll never launch 85% of mass to orbit worldwide
> you’ll never change the economics of space
> you’ll never force the entire industry to copy you
> you’ll never win
> you’ll never IPO
Congratulations to @elonmusk and the SpaceX team. You did what countless people said was impossible, and you did it time and time again.
Today is your day. You deserve this. May it be a glorious one.
We are at a moment that will define President Trump’s legacy.
His instincts have been to finish the job he started in Iran, but he is being ill advised to pursue a deal that would not be worth the paper it is written on. Our commander-in-chief needs to allow America's skilled armed forces to finish the destruction of Iran's conventional military capabilities and reopen the strait.
Further pursuit of an agreement with Iran's Islamist regime risks a perception of weakness. We must finish what we started. It is past time for action.
I’ve been doing this a long time and have never seen this kind of anger from moderate Jewish NYC leaders who tried working with @NYCMayor Mamdani.
“Deeply disturbing.”
“Not serious about Jewish safety.”
“Using government resources to incite hostile propaganda.”
And more…
Every time I see a clip from @ArynneWexler’s stand-up, I think maybe this time she won’t be able to push the boundaries further, and every time I’m proven wrong.
She’s just absolutely brilliant! 🤣
I’d love to say, please Arynne, come and do a few shows in the UK, but as we know, in the UK this sort of comedy will likely get you arrested and sent to prison for five years....
If you’d told me a few years ago this is where we’d be on Iran, I’d have said you were high:
1. Nuke program set back years. Enrichment and reprocessing gutted, weaponization sites destroyed, Fordow inoperable, Natanz in ruins, a generation of senior nuclear scientists eliminated.
2. Ballistic missile program crippled. Monthly production down from 100 to near zero. Roughly half the regime’s missiles and launchers destroyed. The IRGC Aerospace Force commander who ran the missile enterprise dead.
3. Air defenses devastated. American and Israeli airpower dominating Iranian skies, with strike aircraft operating over the country with near impunity.
4. Full economic warfare. Not just OFAC sanctions anymore, but military pressure layered on top: naval blockade, near-zero oil exports, choked imports, wrecked steel and petrochemical sectors, triple-digit inflation, and a currency that is effectively worthless.
5. Regime decapitation. Khamenei dead. Larijani dead. Hundreds of senior IRGC, intelligence, military, and Basij commanders dead including the IRGC commander-in-chief, the armed forces chief of staff, and the Aerospace Force commander. Mojtaba Khamenei inheriting a hollowed-out regime with no supreme authority and a gutted command structure.
6. The region turning on Tehran. Gulf states shutting down the sanctions-busting, money-laundering, and financial escape routes the regime has relied on for years. No Arab capital willing to throw Iran a lifeline. China and Russia providing limited support.
7. Proxy network shattered. Hezbollah and Hamas heavily degraded. Houthi political leadership taking direct Israeli strikes. The “Axis of Resistance” and “ring of fire” are now more slogans than real threats.
8. Syrian corridor severed. Assad is gone. The new government in Damascus is actively blocking Iranian arms transfers to Hezbollah: arresting smugglers and publicly declaring Syria will no longer serve as a transit corridor for Tehran’s terrorists. The land bridge to the Mediterranean that took decades to build is effectively closed.
9. Lebanon pivoting west. With Hezbollah battered and resupply choked, Israel and Lebanon have opened direct peace talks for the first time since 1983, aimed at a permanent agreement and Hezbollah’s disarmament. Beirut now asserting that the Lebanese armed forces alone are responsible for national defense. This is a direct repudiation of Hezbollah’s “resistance” claim. TBD.
10. Deterrence exposed as a bluff. Four direct attacks on Israel — April 2024, October 2024, June 2025, March 2026 — failed to impose strategic cost and instead triggered heavy retaliation. Iran couldn’t even use Syria as a launchpad.
11.Economy hollowed out from within. Power shortages, water crises, factory shutdowns, pension unrest, and mass protests. Nationwide demonstrations erupted in December 2025 after a year of economic freefall, with bazaaris, oil workers, and truckers, the regime’s traditional support base, joining strikes across all 31 provinces. Running out of oil storage space. Fuel shortages. The worst crisis since 1979.
12. Scientific and technical brain drain. Beyond the nuclear experts, Iran has lost a generation of irreplaceable expertise in missile design, centrifuge engineering, and weapons development. The survivors are harder to recruit and easier to deter.
13. Naval power decimated. The regular navy shattered, IRGC navy taking growing losses as CENTCOM moves to reopen Hormuz.
And against all of this: the regime forced to play its Hormuz card at its weakest possible moment when the U.S. has options instead of when we didn’t: namely, Tehran with nuclear-armed ICBMs, 10,000 ballistic missiles, a Chinese- and Russian-built military, hundreds of thousands of attack drones, a fully operational terror network, and hundreds of billions of dollars to harden its economy.
That’s the strategic picture. It’s extraordinary. Much more to do but I can’t comprehend how much has been achieved.
It's been more than 45 days since Iran's internet went dark. And the Iranian regime is burning through MILLIONS per day to keep 92 million people offline.
Why spend so much to silence your own country? Because when you control the internet, you control the story. When a government won't let its OWN PEOPLE speak, question the narrative the outside world is hearing.
More than 10,000 U.S. Sailors, Marines, and Airmen along with over a dozen warships and dozens of aircraft are executing the mission to blockade ships entering and departing Iranian ports. During the first 24 hours, no ships made it past the U.S. blockade and 6 merchant vessels complied with direction from U.S. forces to turn around to re-enter an Iranian port on the Gulf of Oman.
The blockade is being enforced impartially against vessels of all nations entering or departing Iranian ports and coastal areas, including all Iranian ports on the Arabian Gulf and Gulf of Oman. U.S. forces are supporting freedom of navigation for vessels transiting the Strait of Hormuz to and from non-Iranian ports.
I was assured CENTCOM had no plan for the Battle of Hormuz.
Which makes their actions since Feb. 28 so awkward. Destroy naval assets, degrade missile threats, clear mines, move destroyers through the Strait, enforce a blockade.
Maybe the real counter-narrative is this. CENTCOM had a plan. Iran had a short-term act of desperation. And having played that card, they’re going to lose.
@DrCaseyBabb Maybe in Europe. Not in the USA.
Here we are part of the fabric of the nation, and will fight alongside Christians and other patriots to protect our free country and to stop the commies and the Islamists.
Is the new face of Islam in America... an anti-Semite? As a Muslim, I demand Mayor Mamdani's wife denounce extremism or quit public life entirely https://t.co/aMsk014oxV
Catholics are called to reject antisemitism and the lies and conspiracies that fuel it, and to stand clearly against hatred and violence directed toward our Jewish brothers and sisters. To defend religious freedom with integrity, we must also reject antisemitism.
@ArchbishpSample@archdpdx
Watch the full video at: https://t.co/GGpssHTLK8
My post on Friday regarding the estate tax proposal in New York got 600,000+ views, so clearly this struck a nerve. Some individuals asked me to back up what I said so I am going to discuss what happens when states push tax policy past the breaking point. Here is what the data shows and it’s worse than most people realize. According to IRS migration data, New York has lost $111 billion in net adjusted gross income over the last decade from residents moving to other states. That’s not hypothetical, that’s $111 billion in taxable income that used to fund schools, subways, police, and infrastructure that is now funding those things in Florida and Texas rather than New York. California lost $102 billion over the same period. Florida gained $196 billion. Texas gained $54 billion. That’s not a coincidence, it’s a pattern.
Between 2018 and 2024, 561 companies relocated their headquarters across the country. The San Francisco Bay Area lost 156 corporate headquarters. Los Angeles lost 106. New York City lost 27. Meanwhile Dallas alone gained 100, Austin gained 81, and Nashville gained 35. This didn’t come to a halt in 2025 or 2026. Palantir $PLTR which was the largest publicly traded company in Colorado, announced in February that it was moving its headquarters from Denver to Miami. It was PLTR’s second move in six years after leaving Silicon Valley in 2020. The governor of Colorado said he found out through a social media post. ExxonMobil’s $XOM board unanimously recommended that shareholders approve reincorporating the company from New Jersey to Texas after 144 years at the vote in May. Exxon has physically operated out of Texas since 1989, and its CEO said Texas has created a policy environment that allows them to maximize shareholder value. Chevron $CVX completed its move from California to Houston. In-N-Out Burger is opening a 100,000-square-foot eastern headquarters near Nashville and is leaving California. These aren’t outliers anymore as this is becoming the new normal.
It’s not just corporate headquarters moving. Entire financial ecosystems are relocating. Citadel, one of the most profitable hedge funds in the world, moved its headquarters from Chicago to Miami in 2022 and has been building out aggressively ever since. They’re constructing a massive new waterfront headquarters in Miami’s Brickell financial district. Elliott Management moved to West Palm Beach. Carl Icahn moved Icahn Enterprises from New York to Sunny Isles Beach. Cathie Wood’s ARK Investment Management relocated to St. Petersburg. Goldman Sachs $GS is building a $500 million campus in Dallas designed to house over 5,000 employees. JPMorgan Chase $JPM and Wells Fargo $WFC have both invested hundreds of millions into massive new campuses in the Dallas-Fort Worth area. Wells Fargo is also moving its wealth management division from San Francisco to West Palm Beach. NYSE Texas a reincorporation of the 143-year old Chicago Stock Exchange officially launched in Dallas in early 2025. The Texas Stock Exchange which is a brand new national securities exchange backed by over $160 million from BlackRock $BLK , Citadel Securities, and Charles Schwab $SCHW is set to begin trading by the end of this year. Nasdaq has also expanded its Texas presence with operations in Irving.
When you have that level of financial infrastructure being built in a single metro area, that’s not a trend it’s an ecosystem being constructed from scratch to compete directly with New York. Each of these moves represents not just a company but thousands of high-paying jobs, billions in local economic activity, and a signal to every other firm still on the fence that states with competitive rather than restrictive policy are creating enticing operating environments.
Currently over 1 million residents have left New York for other states since 2020 according to the latest Census estimates. International immigration has partially offset the population headcount, but it hasn’t replaced the tax base. The people leaving earn significantly more on average than the people arriving. Almost 1,700 millionaires changed their address out of New York in 2024 alone. Millionaires paid 44.6% of all personal income tax collected in the state last year. The proposed response to this fragility is to drop the estate tax threshold from $7.1 million to $750,000, raise the top rate to 50%, add a new 2% income tax surcharge on millionaires, increase corporate taxes, and add a capital gains surcharge. Under these proposals, the combined federal, state, and city top marginal rate on high earners in New York City would approach 54%. That’s a policy framework that ignores everything the last decade of data has told us.
The Dallas mayor just publicly predicted an “avalanche” of NYC financial firms heading to Texas under these policies. Florida realtors are seeing a surge of inquiries from wealthy New Yorkers. Cities like Miami, Austin, and Nashville are building entire ecosystems including schools, cultural centers, and financial services clusters which are designed specifically to attract the people New York is pushing out. Ken Griffin and Stephen Ross just launched a $10 million campaign called “Ambitious Accelerated” to recruit more businesses to what they’re calling Florida’s “Tech Gold Coast.” They’re not waiting for New York to figure it out. They’re actively recruiting our talent, our capital, and our tax base.
That’s what makes this moment so critical. We are in the middle of the most competitive environment for jobs, businesses, and investment that this country has ever seen. States are actively building infrastructure to attract employers and high earners. This is the time to compete, not to double down on the same policy approach that has been pushing wealth and businesses to lower-tax states for a decade. Texas entered its latest legislative session with a $24 billion surplus while having no personal or corporate income tax. Think about that for a moment, no personal or corporate income tax and they have a $24 billion surplus. Florida added more new businesses than any other state in 2024, with over 266,000 formed in a single year. These states didn’t create an attractive business landscape out of thin air. They made deliberate policy choices to create environments where businesses want to operate, where employers want to hire, and where working people can actually build something without the ground shifting underneath them every budget cycle.
This matters because of what it means for everyday people. When a company relocates its headquarters, it doesn’t just move a sign, the entire company leaves, from the executive team to the support staff. It doesn’t stop there because that's only internal. Externally, all of the trades that may do work for the company will no longer receive those phone calls. The restaurants will no longer see those repeat customers. The tax revenue from those paychecks won’t be collected, and future job growth in the community from that company will cease to exist. When Dallas gained 100 corporate headquarters over six years, that meant tens of thousands of new jobs, new residents spending money, new homes being purchased, new small businesses opening to serve those people. That’s how local economies actually grow. That’s how neighborhoods stay alive, and when a corporate headquarters leaves a city, the exact opposite happens. The jobs thin out, the spending dries up, the small businesses that depended on that foot traffic start closing, and the tax base that funded public services shrinks.
New York has every natural advantage in the world. The talent, infrastructure, culture, and institutions are all here, but it won’t be enough if the policy environment drives away the employers and investors who create opportunities for everyone else. The states that are growing right now aren’t growing by accident. They made a decision to be competitive. They kept tax burdens manageable, they created regulatory clarity for businesses, and they built an environment where employers want to expand and hire. New York has every tool to do the same thing. The question is whether the people making the decisions recognize that we’re in a competition and right now, we’re not acting like it.
Here’s the part nobody in Albany wants to hear. The people who leave don’t just take their tax returns with them. They take their fundraising networks, philanthropy, job creation, and spending to a new economy. A city that once attracted the world’s most ambitious people risks becoming a place they leave once they’ve made it, or worse, a place they never lay down roots. That’s not ideology. It’s an economic reality that the IRS, Census, and corporate relocation data have been telling us. I said it in my first post, and I’ll say it again. When you tax people past the point where the math makes sense, they leave. When they leave, the burden falls on everyone who doesn’t have the resources to relocate. It’s time to take a common-sense approach to policy and make the great state of New York competitive again. New York has a decision to make. Either it continues down this path and alienates more taxpayers or it becomes more competitive.
I love this state, but I am extremely worried for it’s future. We should be building a thriving ecosystem with an abundance of opportunities for New Yorkers, but instead we are pushing entrepreneurs and businesses to states that are more competitive with policy. Is this really the path we want to take not only for the current residents but for the next generation?
@amitisinvesting@basispointpod@chamath@Jason@BillAckman@kevinolearytv@patrickbetdavid@PBDsPodcast
Don’t be misled by the spectacle of fires burning in Tehran. These are not strikes on the Iranian people. These fires are not destroying ordinary commercial facilities.
Israel targeted oil depots under the control of the Islamic Revolutionary Guard Corps. For years the IRGC has used state oil assets as its private revenue stream. Instead of operating through a normal government budget, it was granted control over oil resources and the income they generate.
Those funds have financed the regime’s regional war machine—paying for proxy militias, purchasing weapons and equipment from China, and underwriting destabilization from Lebanon to Yemen.
Because these depots are controlled and guarded by security forces, they are part of the IRGC’s military logistics network. That makes them legitimate and necessary targets for anyone seeking to degrade the regime’s capacity to wage war.
The distinction is important. The strikes were directed at assets controlled by the Guard, not at the energy infrastructure that serves ordinary Iranians. The resources of Iran should belong to the Iranian people. For decades, the IRGC has treated them as its war chest.
The Israeli pilot who earlier today became the first in the world to down a plane with an F-35 is the son of another Israeli pilot who was the first in the world to down a plane with an F-16 in 1981.