The world just paid $2 trillion for a rocket company that lost $4.9 billion last year. And the rockets are not why it lost the money. They are the only part making any. SpaceX went public Friday, the largest IPO in history. Up 19%, a $2 trillion valuation, Elon Musk the first trillionaire. Then you open the filing. Three businesses sit inside it. Starlink, the satellites, brought in $11.4 billion, 61% of all revenue, and $4.4 billion in profit. It is the only piece that earns a dollar. The rockets that land themselves run a small loss reinvesting in Starship. And the AI arm, Grok plus the app once called Twitter, folded in this February, lost $6.4 billion in a single year on $12.7 billion of spending. Read that again. The satellites pay for everything. The AI loses more than the satellites make. And the AI is the part the market fell in love with. It gets bolder. The prospectus claims a total market of $28.5 trillion, the largest any company has ever put in a filing. Larger than the GDP of the United States. That is the number underwriting a $2 trillion price tag built on a division bleeding $6 billion a year. Now the structure. About 4% of the company trades. That sliver sets the price for all of it. Musk is locked up for 366 days and holds roughly 80% of the votes. The public bought a company they cannot steer, priced on the one segment losing the most. This is the whole year in one ticker. The profit is satellites. The story is AI. The market bought the story. The rockets were never the risk. The risk is a $2 trillion price resting on the one bet that has yet to make a cent.

🚨BREAKING: ICE agents kidnapped a U.S. citizen, while he was grabbing coffee, in Maryland. Samuel Guzmán repeatedly told agents he was born in the United States. He even offered to show his ID… and they didn’t believe him. Instead, they took his phone, wallet, and keys, shoved him in their car, illegally transported him to another location, questioned him about where he was “really” from, for 2 hours, and refused to let him call anyone. Then, once they realized he was a U.S. citizen… they let him go without explaining why he was detained. The Fourth Amendment protects people from unreasonable searches and seizures…. ICE agents don’t get to kidnap someone, from a coffee shop parking lot, without reasonable suspicion or probable cause. The Fifth Amendment guarantees due process…. Holding someone against their will while refusing to tell them why, or denying them access to contact anyone, is a constitutional violation. And the Equal Protection principles mean the government can’t target people simply because of their race, ethnicity, or the language they speak. If you’re okay with constitutional rights disappearing the moment someone has the wrong last name, or skin color… You were never defending law and order.

Whoa…The French Air Force display team, La Patrouille de France, just did a flyover at the Statue of Liberty to celebrate the 250th Anniversary of American Independence 🇫🇷 🤝 🇺🇸

So… Iran, a country whose military we’ve “destroyed”, was able to shoot down one of our Apache helicopters, during a “ceasefire”, in the middle of a war that isn’t a war, which is “two days” away from ending?

Keep posting this so nobody forgets that this was one of the worst events in American history. Never has a sitting president encouraged his supporters to believe a lie so deeply that they’d be willing to attack or democracy.

🚨BREAKING: In Columbus, Ohio, ICE agents hit a U.S. citizen’s vehicle, and then admitted, on camera, that they “do this all the time”… before driving away. A 17-year-old U.S. citizen was reportedly on his way to church, when multiple officials surrounded his car, backed into his front bumper, and jumped out of their vehicles. When he rolled down his window, they told him… “We got the wrong person.” And walked back toward their cars. The 17-year-old got out to document what happened, and told an officer they had hit his vehicle… And the response was: “You can take a picture if you want. We do this all the time. You’re okay.” And then they drove off. The Fourth Amendment protects you from unreasonable searches and seizures. And courts have made clear that a “seizure” isn’t just being arrested, or put in handcuffs. It also includes situations where law enforcement use their authority in a way that blocks your freedom to leave… or creates an intimidating, forced encounter. So, when officers surround a car, hit it while backing up, and pull a teenager into a sudden law enforcement interaction, with no valid reason… At minimum, it’s a reckless stop. At worst, it’s an unlawful seizure, with property damage, and no accountability. And then there’s the part when she casually said… “We do this all the time.” Because that turns an “oops” moment into a pattern. And when that pattern violates your constitutional rights and due process, it starts to feel a lot like the government is using the Constitution like they use the Bible… Quoted when it’s useful, ignored when it isn’t.

Ken Paxton was indicted for scamming his own friends. He convinced them to invest hundreds of thousands in a company while secretly pocketing a commission. Paxton sold out his own friends for a quick buck. What makes you think he won't sell you out in the Senate?

I know it is his job, but the fact Zelenskyy has been working every single day for the past 1,555 days should be highly commended. The man is fucking relentless, a daily inspiration. Thank you @ZelenskyyUa 🫡 Slava Ukraini 🇺🇦

Russia is now threatening other nearby countries far more openly than before. Every neighbor of Russia heard what was said about Armenia, whose people are the only ones who have the right to decide and will choose the future of their country. What Russia says about Armenia is, in truth, not about Armenia alone. No one can be left without support – Europe has no right to lose any of its peoples, to leave any country behind. Armenia must be supported. Moldova must be supported. The Baltic states. Azerbaijan must be supported. We must find ways to support the people of Georgia as well – and this is a shared European task. No one can be lost.

It is legitimately a tragedy that the 250th anniversary of this country's birth will be presided over by a president who is EVERYTHING the founders warned us against -- a partisan demagogue who fundamentally loathes the separation of powers and denies election results he dislikes

Ken Paxton is throwing everything he has at us. He’s called me a radical leftist. He’s called me a fake Christian. He’s even called me a vegan! I’m an 8th generation Texan — I've been eating BBQ since before Ken Paxton’s first indictment.

Putin doesn’t care about strongly worded memos or other pieces of paper like the NATO charter. He cares about consequences. As long as the West is eager to help him cover up Russian atrocities by dismissing them as accidents, why should he stop?

The DOJ is literally investigating a sexual assault survivor, E Jean Carroll, instead of a single perpetrator in the Epstein files.

John: If you believe what you said about Paxton, and if you now believe what you’re saying about Trump (maybe you should name him?) — you should support Talarico.

RT @HillaryClinton: This is what Trump's done to the people's house: A third of it is rubble. Another third is a cage match. What a m…

NEW: An Epstein survivor is now publicly asking why victim names and photos were exposed in DOJ files while names connected to alleged exploitation remain heavily redacted. That question is exactly why public anger around this case keeps growing. Because to many Americans, the system increasingly appears backwards: Victims get scrutinized publicly. Powerful people stay hidden behind redactions, sealed files, and institutional caution. And until the public feels accountability is being applied equally, the Epstein case is going to remain a symbol of something much bigger than one criminal network: the belief that wealth, influence, and connections can still shield people from full exposure.

GOP Sen. Thom Tillis: “To call Ken Paxton 'ethically challenged' is to call Jeffrey Dahmer suffering from an eating disorder.”

Trump is bringing the UFC to DC for his birthday. We're bringing the Epstein Files. That's right: the Trump-Epstein Reading Room is heading to DC, just in time for his birthday.

Do something.