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This is the most OUTRAGEOUS deal I've seen in my 45 years on Wall Street. SpaceX just disclosed Musk's new compensation package: He gets up to 200 million super-voting shares if SpaceX hits a $7.5 trillion valuation, establishes a permanent human settlement of at least ONE MILLION people on Mars, and deploys roughly 100 terawatts of space-based computing power. Let me put the 100 terawatts in perspective: The entire electricity generation capacity of the United States is around 1.2 terawatts. The comp plan asks Musk to build more than 80x America's entire power grid... in orbit. This is a science fiction screenplay that somehow landed in front of the SEC. But here's why it actually matters for your portfolio... The S-1 reportedly claims a $28.5 trillion total addressable market, with over 90 percent attributed to AI. CapeFearAdvisors flagged this one cleanly: when Palantir went public, it disclosed a $119 billion TAM and the SEC reviewed and accepted it. SpaceX is claiming a market roughly 240x BIGGER. Now let's talk about what is actually being sold here: Reported 2025 revenue is approximately $15.5 billion. Starlink delivers around $11 billion of that with healthy margins, and the launch business is genuinely dominant. The problem is xAI - the AI piece doing all the heavy lifting in the trillion-dollar valuation pitch. xAI generated just $210 million of revenue in the first 3 quarters of 2025 while burning through $9.5 billion in cash. Ben Brey and Rupert Mitchell - a former Fidelity portfolio manager and a former head of equity capital markets at Goldman and Citi between them - ran a serious discounted cash flow on the actual operating businesses and arrived at roughly $400 billion. Lawrence Fossi covered their work recently and the math holds up. The IPO is being marketed at $1.75 TRILLION. The gap between what these businesses support and what Musk is asking the public to pay is roughly $1.35 trillion of pure narrative. Then layer on what we just learned last week... The New York Times investigation revealed Musk personally borrowed $500 million from SpaceX between 2018 and 2020 at rates as low as 1%, while bank prime rates sat around 5%. The same SpaceX has been used to bail out SolarCity, prop up Tesla during cash crunches, and absorb xAI when the AI losses became unmanageable. This is the same playbook he's run for two decades. Use a privately controlled entity as a personal piggy bank, and when the bills come due, find new investors to absorb the losses. The IPO is structured to keep that game going FOREVER. The Texas reincorporation strips away Delaware's fiduciary protections. Controlled-company status on the Nasdaq eliminates independent board requirements. And retail is being offered up to 30% of the offering (3x the normal allocation) because the institutions who actually do the math are quietly stepping away. Here is the part that finishes the case for me: Roughly $40 billion of the IPO proceeds are already spoken for before a single dollar reaches operations. About $23 billion retires SpaceX debt. Another $17 billion retires the high-interest debt sitting on xAI and X. This raise is not funding the future. It's just plugging existing holes that retail investors will now own. In my 45 years I've never seen a deal where the comp hurdle is colonizing another planet. I've never seen a disclosed TAM that exceeds verified comparables by two orders of magnitude. I've never seen a company asking the public to fund the retirement of debt incurred by separate private entities controlled by the same individual. Every red flag I've watched precede a major bust over four decades is sitting in this prospectus, in plain sight. The Tesla mispricing is being repeated on a far larger scale. And this time the bag is being handed directly to retail. Don't be the one holding it.

The UAE just left OPEC after 60 years. Here’s what nobody is explaining. They spent $3.3 billion building the Habshan–Fujairah pipeline specifically to bypass the Strait of Hormuz. 406 kilometers of pipeline running from Abu Dhabi’s oil fields directly to the Gulf of Oman. Iran’s blockade doesn’t touch it. Inside OPEC their production was capped at 3.41 million barrels per day. That cap is gone as of May 1. They are now free to pump as much as they want and route it around the entire Iran conflict. Brent dropped immediately after the announcement. The market understood before most people even read the headline. The UAE didn’t just leave a cartel. They positioned themselves to break the oil shock that’s been running since February. Big win for the UAE. If you want to know where WE are deploying capital next, turn on post notifications this is very important. Many people will wish they followed us sooner.

🚨 China's Real Estate Market has erased all gains from the last 20 years

So he didn’t fire a shot?

Kimmel should obviously be fired.

Bugatti just lost its all-time speed record. To the Chinese EV in this video. 308 mph at Papenburg, on a battery. The Chiron Super Sport had held the record for six years. 1,600 hp, 8.0L W16, four turbochargers. Bugatti needed every horse of that to hit 304 mph. BYD's Yangwang U9 Xtreme did 308 with four electric motors and a battery pack. Marc Basseng, the driver, won the Nürburgring 24 Hours. He said the run was "technically not possible with a combustion engine." He's right. A combustion engine produces a power curve that peaks at a specific RPM and falls off either side. Past 9,000 RPM the valves float, the connecting rods stretch, the pistons can't reverse direction fast enough. The W16 is the absolute thermodynamic ceiling of 100 years of internal combustion. Every mph past 290 cost exponentially more engineering for diminishing returns. The U9 Xtreme uses four electric motors. Each produces 744 hp. Each spins to 30,000 RPM. No valves. No pistons. No connecting rods. Total system output is 2,978 hp, almost double Bugatti's W16. Power-to-weight is 1,217 hp per tonne. The motors were never the hard part. Mate Rimac said this years ago. The constraint was always the battery, because to deliver 2,978 hp into four wheels you have to discharge faster than any production EV ever has. BYD built the world's first 1,200-volt production car. Everyone else uses 800V. The Blade Battery runs lithium iron phosphate cells with a 30C discharge rate, ten times what a conventional EV battery handles. Heat generation falls 67% versus 800V at matching output. That last number is the whole game. Heat is what kills high-power EV runs. Other automakers derate within seconds at full power because the battery cooks itself. BYD's architecture lets the Xtreme hold maximum discharge long enough to actually approach the aerodynamic limit of the chassis. Bugatti spent 20 years engineering the W16 to its physical ceiling. BYD spent 18 months building the architecture that cleared it. They're making 30 of them. The crown for fastest production car on Earth has belonged to Bugatti, Koenigsegg, Hennessey, SSC. All combustion, all European or American. The crown is Chinese now, and it runs on a battery.