Today, @SpaceX (Nasdaq: SPCX) makes its public market debut with a $75Bn offering (pre-greenshoe) at $135 per share, marking the largest IPO in history.
Congratulations to the SpaceX team. We are honored to serve as joint lead bookrunner and sole stabilization agent.
Kirato Hitaka breaks the world record for most skips in a single rope jump with 8 skips in one revolution.
It’s almost impossible to catch in real time, but once they slow it down, you realize how insane it actually is.
The Sun is by far the biggest source of energy in our solar system
Even here on Earth, the Sun accounts for roughly 100% of all the energy we use - fossil fuels are just ancient sunlight stored in plants, while wind, hydro, biomass, and solar power are all driven by the Sun right now
Beyond Earth, the vast majority of spacecraft, satellites, and future Mars bases run entirely on solar energy
The Sun puts out 3.8 × 10²⁶ watts - more energy in a single second than all of humanity has ever used in its entire history
And just to put it in perspective: the Sun makes up 99.8% of the total mass of our entire solar system. Jupiter is only 0.1%. Everything else (Earth, Mars, asteroids, etc.) is basically miscellaneous
We’re finally learning how to use the only energy source that actually matters ☀️
The man who manages $11 trillion just said two words that should terrify every person on the planet.
"Global recession."
Larry Fink, CEO of BlackRock, the largest asset manager in human history sat down with the BBC and laid out the scenarios.
Fink told the BBC there are only two possible outcomes for the global economy right now.
His exact words: "There's not going to be an outcome that's somewhere in the middle."
Outcome one is that Iran gets reintegrated into the global community, sanctions ease and Iranian oil and Venezuelan oil flood back into markets.
Then the oil drops below $40 a barrel, the world gets relief.
Outcome two is that Iran remains a threat, the Strait of Hormuz stays disrupted and the standoff stretches on for years.
Oil stays above $100 and pushes toward $150.
The result? A "stark and steep global recession."
Why does $150 oil collapse the world economy? Because oil is embedded in everything.
Food production, shipping, manufacturing, heating., fertilizer, chemicals and plastics.
When oil spikes, prices spike across every single category of human life.
Central banks raise rates to fight inflation, businesses freeze investment and consumers stop spending.
Also, jobs disappear, GDP craters and the cycle feeds itself.
There is no bailout for this and no rate cut fixes an energy shock.
Fink also made a point that high oil prices are a "very regressive tax."
The wealthy absorb higher energy costs while the poor cannot.
This hits grocery bills, rent, and transportation everything the bottom half of the global population depends on to survive.
The market is still pricing in hope, a resolution, a deal, a ceasefire.
Fink is pricing in reality, two extremes, and the clock is running.
Pay attention to this one.
BREAKING: Thoma Bravo just released their LP meeting slides.
The world's largest software PE firm thinks the market has it completely wrong on software right now.
Public markets are panic-selling software based on AI fear.
Here's what they're seeing:
"OpenClaw is the new computer." — Jensen Huang
This is the early PC era all over again.
A few power users see it.
Everyone else hasn't even started.
"It's the most popular open source project in the history of humanity, and it did so in just a few weeks. It exceeded what Linux did in 30 years."
A solo founder with OpenClaw can now build what used to take a 50-person team.
The leverage is absurd.
The CEO Roundtable at the AI Impact Summit brought together various stakeholders from the world of AI, technology and innovation. The discussions were insightful and forward-looking, focused on scaling AI responsibly, strengthening global collaboration and unlocking opportunities for growth.
It was heartening to see a shared commitment to harnessing AI for human progress and sustainable development.
For those unaware, SpaceX has already shifted focus to building a self-growing city on the Moon, as we can potentially achieve that in less than 10 years, whereas Mars would take 20+ years.
The mission of SpaceX remains the same: extend consciousness and life as we know it to the stars.
It is only possible to travel to Mars when the planets align every 26 months (six month trip time), whereas we can launch to the Moon every 10 days (2 day trip time). This means we can iterate much faster to complete a Moon city than a Mars city.
That said, SpaceX will also strive to build a Mars city and begin doing so in about 5 to 7 years, but the overriding priority is securing the future of civilization and the Moon is faster.
Wonderful to speak with my dear friend President Trump today. Delighted that Made in India products will now have a reduced tariff of 18%. Big thanks to President Trump on behalf of the 1.4 billion people of India for this wonderful announcement.
When two large economies and the world’s largest democracies work together, it benefits our people and unlocks immense opportunities for mutually beneficial cooperation.
President Trump’s leadership is vital for global peace, stability, and prosperity. India fully supports his efforts for peace.
I look forward to working closely with him to take our partnership to unprecedented heights.
@POTUS@realDonaldTrump
Berkshire Hathaway is sitting on $382B in cash.
Before retiring at the end of 2025, Warren Buffett was hunting for a $100B+ deal but couldn’t find anything on the stock market:
“I’m willing to spend $100B this afternoon. I’d rather have $100B and a really good business at a sensible price than $100B in cash. At certain levels, cash is necessary, but cash is not a good asset. You always want to have enough. You don’t have to pay a lot for it. But you do need oxygen. And cash is that way.”