Everyone is bitching about how @elonmusk should spend his money, so I figure I would weigh in on how we could spend 5% of Elon's new NW: Buy Pizza Hut. I am not saying just buy the brand but also restore it to its glory: The red cups, the lunch and dinner buffet, and the complete retro vibes. You're thinking, how would $50B accomplish this? You wouldn't even need that much. Right now Pizza hut generates about a billion/year in revenue and it is profitable. LongRange Capital is in the running to buy it from Yum for about 4.5B. Elon swoops in, 5B offer, acquires the whole thing. 45B left When you introduce buffet and the redesign, this will dent margins a bit, but with 45B in treasuries, you will generate enough profit to cover any dents in margin and ensure it is profit, while charging a reasonable price for food. Elon's milestone puts him past the point of wanting more money, it is legacy building time for him. He has built Electric cars, rockets, flamethrowers, but what better way to legacy build than to bring back something that was an American icon for many years and immortalize it.

No savings and no retirement at 52? Sounds like some bad personal decisions were made. I would say it isn't too late but it probably is because habits like this don't change over night and after reading some of the comments, you won't change. The victim mentality is interesting, someone that doesn't even know you, somehow caused this situation to occur? I guess whatever helps you feel better about having to work until you pass away because you couldn't squirrel away a few bucks.

The title "Married at fight sight after extensive background checks and legal scrutiny" just didn't have the same ring to it 🙃

Turns out all you have to do is say $SPCX and you get engagement.

Oh the model is too dangerous and needs to be "banned" outside of the US....going into their IPO?! Surely that won't drive the hype cycle even harder 😏

My favorite part of X today: Everyone wants Elon money but no one wants Elon level of work that got him that money 🙃

Well today is $SPCX IPO, time to see it go up 30% today and down 60% over the next 12-18 months 🙃 No, I am not going to be shorting, but I will be a buyer once the mania wears off this stock and people realize that it might burn rocket fuel to launch sats into space but it also burns cash and is at unsustainable p/s levels. Starlink isn't yet big enough to help carry all of the businesses that SpaceX has absorbed into a valuation this high. I think there is a bright future for SpaceX, but a more reasonable valuation for the near term (not even just today), would be $44/share, even with the Elon Premium™. However, could we ever get there? who knows, with institutional buying, it may stay stuck in limbo for awhile, and people need to see several earning cycles before it is realized. I'll be watch for the break below 1T market cap, which is around 77/share The funny part, this post will catch hate from people who are adamant that SpaceX will only go up because they launch rockets and have an almost monopoly on this. Just from experience on seeing this kind of hype/mania multiple times throughout the years with super hot IPOs and market cycles, this won't be any different, just slower on the decline.

Wegovy's side effects include: Declining stock price, decreased confidence, not being able to afford food and perpetual tax loss harvesting 😏

Hey @elonmusk now that you're a trillionaire, can I borrow $28 for lunch? 😏

$ADBE They lost the plot now. People use to complain about pictures being Photoshopped, now they complain about pictures being AI, no one complains about pictures being photoshopped anymore. Part of their fuel was being a meme, but beyond that, they got pricing power, locked in ecosystem and revenue growth. Yeah, I know the TOS update sours some people, but where they going to go? Back to Adobe :)

As of late, I don't usually participate in the short side of trades but....... this is very tempting😏

Applying for a bank loan to buy an overpriced IPO.....

If he just took the money to buy the knife and invested it in the S&P 500, at 8% annual return, until retirement, he would have made a killing.....legally of course 😏

Just me checking futures 🙃

You know, I have been critical of $SPCX or Spacex's IPO but I never really did more of a cursory glance at the numbers to realize it was a bad idea to join this IPO. I'll share my thoughts at the very end on the IPO itself, but here is what I see: SpaceX or $SPCX is a mesh of multiple X entities rolled into one now with the mergers of xAI and X into SpaceX. It has a monopoly (technically) on space segment, it has a rapidly growing internet system with Starlink, and even the xAI portion is starting to turn on the revenue engines. Looking through this IPO and the supplemental files, this is what I see for $SPCX: The Good * They completely dominate orbit (launching 80% of global mass), pushing consolidated 2025 revenue to $18.67 billion (up 33% YoY), driven largely by Starlink's $11 billion contribution. Starlink is still growing, their space activity will grow faster with Blue Origin on hold and xAI is getting progress towards generating revenue. Possibly their revenue YoY will ramp up initially. * The newly absorbed AI and cloud infrastructure units have secured significant recurring revenue, highlighted by a $45 billion compute lease with Anthropic and a $920M/month Google cloud contract, assuming the 2.5Y deal closes in time! The Meh * This isn't a pure-play space exploration or sat communications company. The absorption of X and xAI has transformed the entity into a capital-intensive AI, Space, Internet and social media conglomerate. * While the Starlink and AI segments offer high potential margins, the legacy rocket-launch and space segments continue to operate at a heavy loss, including a $657 million operating loss in 2025 largely due to Starship R&D. * By incorporating in Texas and mandating arbitration for federal securities claims, the company is explicitly structuring its bylaws to strip retail shareholders of the right to file class-action lawsuits if the company mismanages funds. * The balance sheet is heavily leveraged with roughly $28.7 billion in total debt, which should have a good chunk of it taken out by the IPO proceeds. The Bad * Priced at $135 a share for a $1.75 trillion target market cap, the valuation is completely disconnected from their reality of burning cash, current revenue states and it is further highlighted by a $4.27 billion net loss in just the first quarter of 2026. The Ugly * The company's balance sheet is effectively functioning as a financial slush fund for other ventures, characterized by billions of dollars in cross-holdings, bailouts, and hardware deals with deeply conflicted insiders. I think it is important to understand 3 reasons why this is the case: 1. When SpaceX executed the merger to absorb xAI and X Corp, it wasn't just acquiring their intellectual property....it absorbed their massive liabilities. SpaceX was forced to take out a $20.0 billion bridge loan just to pay off the debt that X and xAI had accumulated (sauce: reuters.com/legal/transactio…). In essence, IPO investors are footing the bill to bail out a heavily indebted an AI startup and some debt from the social media aspect. 2. SpaceX's AI subsidiary (CTC) has executed a string of massive sale and leaseback agreements for GPU hardware with Valor Equity Partners. You might ask, what is the problem here? Valor is run by Antonio Gracias, a longtime Musk ally and a SpaceX board member. The S-1 reveals two failed sale-leaseback attempts valued at around $4.5 billion each. A third deal, Valor Transaction III, was pushed through in April 2026, locking SpaceX into nearly $6.6 billion in lease payments to Gracias's firm. Failed here is in the context of GAAP accounting because it failed the test of being recognized as a true sale, therefore it is a financial liability, not a sale/leaseback. In total, SpaceX is guaranteeing nearly $16 billion in GPU deals with an entity controlled by one of its own directors. (Sauce: Pages F-56, F-61 and F-93 of the S1) 3. The financial walls between SpaceX and Tesla are practically non-existent. SpaceX's xAI unit used its capital to purchase $269 million in Tesla Megapacks in April 2026, following $430 million in similar purchases the prior year. Additionally, a $2 billion investment Tesla made into xAI in January 2026 was automatically converted into the right to acquire SpaceX Class A common stock right before the IPO. This effectively allowed Tesla to redirect its AI investment to secure a $2.56 billion equity stake in SpaceX at the IPO price. Problems with the valuation Let's just run some basic numbers: * If we assume 1.75T MC at $135/share, you have roughly 12.96B shares outstanding. * Starlink generated $11B and it is growing revenue fast, so we will give it a multiplier of 15 or 165B value * Space generated $7.67B in revenue but we can't give it as high of a multiple as we gave Starlink. $LMT or $BA trade at 1.5-3x sales as aerospace entities that are profitable but let's be wild and say 5x revenue in value: 38B * AI/X/Data Center, lets shoot for a generous 100B value, given the deals with Google/Anthropic and the growth of X. $165B $38B $100B = 303B subtract the debt of 28.7B and now divide by 12.96B, that comes out to be roughly $21.16/share That is only 114 less a share than the IPO, not too bad 🙃 I get it, I will get comments that I am not giving high enough multiples, let me go absolutely ABSURD with the multiples, like they will grow faster then Anthropic ever could: Starlink has 50x, Space has 15x....also, let's go completely absurd and slap a $1T valuation purely on their AI/Cloud segment. To be clear, that is valuing a newly absorbed, cash-burning AI unit at roughly the same market cap as Meta or Berkshire Hathaway overnight but hey, this is just numbers right? :) * Starlink is valued at 550B * Space is valued at 115B * AI/Cloud/Social Media is valued at 1T * minus the debt of 28.7B * Leaves 1.636T Valuation or $126.26/share Even if we price in absolute perfection, assuming growth rates that defy historical precedent and slapping trillion-dollar valuations on unproven (yet) segments, the absolute ceiling is $126 a share. At $135, you aren't paying for future growth, you are overpaying for even absolute perfection, which is highly unlikely to occur. Bottom Line: I will not buy into this IPO. I think $SPCX has an amazing future ahead of it but it is WAY overvalued. I will be a buyer at some point, but not anywhere near $100/share though. I would love to be wrong and see it 2x where it IPOs at 1-2 years from now, but I have a feeling this will hit the hype and then cycle down into a more reasonable valuation.

I got permission, full sending cringe: Tomorrow is 6-7 🙃

Looks like it could go down, but it might go up on Monday. We shall see, but either way, still going to buy more $SCHD and $FDVV 😃

I've lost count on the number of "economic collapses" over the last 15 years I have been involved in 🤣

Sometimes, my feed answers itself :)