A buddy of mine asked me last night, “Is that Tesla worth it?” I said I paid $18 to charge my car for a month, I rarely drive it because it drives for me, when I’m waiting for my girl while she’s in Target, I can watch YouTube or Netflix in my car that has an amazing sound system. Is it worth it? You tell me.

$99/mo $99/yr

I am now luggage. Luggage that has a job, eats food, enjoys hobbies, etc. Because my car drives me, I have been diminished to “luggage”

Who bought $SPCX today

Elon dunking on AOC:

🚨 $SPCX SpaceX debuts at #8 on the Top 10 Most Valuable Companies list

🚨 Two additional UI looks from Tesla FSD v14.3.4

🚨 Bloomberg is reporting that just a 2.2% bump in SpaceX’s $SPCX IPO price to $138 per share would officially make Elon Musk the world’s first trillionaire

🚨🚨 Tesla is dominating in Japan Model Y had the most registrations of any vehicle from a foreign company in May 🇯🇵

🚨 Wedbush’s Dan Ives in a new note ahead of the SpaceX $SPCX IPO: “SpaceX is expected to launch its IPO on Friday with its stock officially priced at $135 per share of 555.6 million shares of Class A common stock while looking to raise $75 billion targeting a $1.75 trillion valuation despite geopolitical market volatility. The shares have yet to hit the public market yet demand from both institutional and retail investors continue to pile with Blackrock ordering $5 billion in SpaceX shares along with retail orders, which are expected to be allocated low 20% of the book (prior expectations of ~30%) potentially reaching over $100 billion showing that institutional demand may be strong for the offering. The company also saw net orders of SpaceX from sovereign-wealth funds and family offices, including a $1 billion request from one single-family office pointing to the high demand of the IPO prior to going public on Friday. Reuters reported that SpaceX IPO demand is approaching 3.5x - 4x oversubscribed, drawing more than $250 billion of investor demand, representing significant demand for shares of Musk’s largest company. We have already started to see SpaceX impact the entire tech market with many investors selling existing tech stocks to make strategic bets on the SpaceX IPO. We also believe the SpaceX anticipation has caused some added volatility in the market especially in the tech sector as traders/investors anticipate the ripple impact of this historical IPO. Overall, SpaceX going public is an important moment for the broader tech sector in our view as this AI Revolution and data takes this next step forward. The proceeds of the IPO are expected for multiple business purposes including the expansion of its AI computing resources and SpaceX’s Starlink satellite network while fueling investments for technologies that have yet to be built including solar-powered data centers in space. SpaceX continues to fuel its innovation engine to capitalize on long-term opportunities with the company unveiling AI1 earlier this week, the company’s first compute satellite with a 150-kW peak compute payload and deployable liquid cooling that repurposed its existing Starlink V3 power, cooling and laser-link technology into an orbiting AI compute platform. According to Bloomberg, the company also lined up investment-grade ratings from Moody’s S&P, and Fitch, which could help SpaceX with funding costs to tap into future debt issuance and refinancing opportunities with lower borrowing costs. We still Expect Tesla and SpaceX to Merge in 2027 Post-IPO. We continue to believe that SpaceX and Tesla will eventually merge (80% chance in our view) into one company in 2027 with the groundwork already in place for both operations to become one organization. Tesla already owns a stake in SpaceX after the company’s $2 billion investment in xAI got converted to SpaceX shares following SpaceX’s acquisition of xAI earlier this year initially tying both of Musk’s ventures closer together. Musk wants to own and control more of the AI ecosystem and step by step the holy grail could be combining SpaceX and Tesla in some way to give the connected tissue between both disruptive tech stalwarts looking to lead the AI Revolution in this next tech chapter for the market.”

OFFICIAL:

Incoming…

☕️ I’m really happy I took that picture of my piping hot coffee when I did Did I just get bird braked? 🐦 📷 🤔

☕️ Ate my bagel in the bagel shop this morning, but I brought coffee from home! FSD helps you enjoy your breakfast on your morning commute!