The Lead: The “BIG ONE” is coming

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Well, buckle up. We’re heading into what pundits, analysts, and people with no hobbies are calling the biggest week ever. Markets might even pretend to care. But don’t worry — the real circus doesn’t start until Wednesday. Yes, the week we’ve all been waiting for. (Egad. We really do need lives.)

Wednesday morning kicks off with the June Consumer Price Index. It drops before the markets open, just in time to ruin breakfast. Inflation is rising — again — but relax, it’s still “transitory,” courtesy of the war. Big yawn.

But the real headline? The New York Knicks could win the NBA Championship Wednesday night. A sweep. Four straight. I know, I know — I sound like a Knicks fan. If you are a Knicks fan, you’re already bracing for the inevitable collapse. Meanwhile, San Antonio is praying for it. Their 7’4” Martian finally got spotted, and New York seems determined to send him back to Mars with his ball and his feelings hurt.

Thursday brings Part Two of Transitory Inflation: the Producer Price Index. If CPI didn’t move the needle, PPI won’t even jiggle it. Besides, who’s paying attention when…

The 2026 FIFA World Cup kicks off. Forty‑eight teams, sixteen cities, three countries, and one defending champion: Argentina. Even Iran made the cut, though the U.S. is making them practice in Mexico and commute in and out like day laborers. Tough sanctions. That’ll teach them to close the Strait of Hormuz.

So if your idea of excitement is watching elite athletes sprint around for 90 minutes hoping to score one lonely goal, Thursday is your day.

Friday delivers the main event: SpaceX goes public at $135 a share — the first trillion‑dollar IPO. Elon Musk gets richer, and he’s generously offering you the chance to join him. Space, AI, electric cars — what could possibly go wrong?

Well…

A Few Highlights From the Filing

  • Mars, Mars, Mars “Mars” appears 63 times in the document, including in the executive compensation section. Musk gets a billion restricted shares if he hits two milestones:
  1. SpaceX reaches a $7.5 trillion market cap, and
  2. He establishes a permanent human colony on Mars with at least one million residents. Sure. Why not.
  • Musk Is Basically Unfireable He’s CEO, CTO, chairman, and owner of the super‑voting shares. He controls 85% of the vote. To fire him, he’d have to fire himself. Good luck.
  • Remember Cybertrucks? SpaceX bought $131 million worth of them — roughly 1,200 to 1,800 trucks — which is about 6–9% of all Cybertruck sales. So now we know who’s been buying them.
  • The Financials Are… Not Great SpaceX lost nearly $5 billion last year on $18.7 billion in revenue. Then lost another $4.3 billion in the first quarter. Why? The xAI merger. Colossus data centers don’t build themselves.
  • This Is All One Giant Experiment The filing openly admits many of their goals rely on “unproven” or “nonexistent” technologies. Orbital AI compute satellites by 2028? A lunar economy? Human augmentation systems? Commercial viability: TBD.

And yet, SpaceX confidently declares humanity’s next paradigm shift is a “resilient, perpetually expanding spacefaring civilization.” Sure. After lunch. 

The Dream Sequence

By Friday night, you’re celebrating: Knicks sweep the Spurs, inflation magically moderates, your World Cup picks are winning, and SpaceX doubles on day one. What a week.

Reality Returns

Then Saturday morning arrives. Trump announces we’ve won the war again, peace talks are progressing (between bursts of gunfire), the cease‑fire is holding-ish, and you have a hangover.

Yep. It was a big week.

 

Content provided by Bill Taylor with the assistance of co-pilot