SpaceX Slides Despite Big Revenue Beat, Tame CapEx

Over 150 years ago, Congress passed a statute that criminalized home distilling—the practice of setting up a still in one’s home or backyard to manufacture alcoholic beverages. Last week, however, the Fifth Circuit Court of Appeals affirmed that this statute was unconstitutional. In other words, the Court of Appeals recognized that my clients—the nonprofit Hobby Distiller’s Association […]

'Customers Are Being Gouged': Trump Tells DOJ To Look Into Gasoline Prices President Trump said on Wednesday that he had instructed the Department of Justice (DOJ) to open an investigation into oil companies over high gasoline prices. In a Truth Social post, Trump said that oil companies have not lowered their prices at the pump despite a recent decline in crude prices following the U.S.–Iran preliminary agreement. “Those prices are dropping like a rock! In other words, customers are being ‘gouged,’” he said. “Gasoline prices better start going down a lot faster than...

Is The SpaceX Asteroid About To Impact The TelCo & Cable Dinosaurs? Authored by Simon Duff via BondVigilantes.com, SpaceX’s IPO was a gargantuan event by any measure: US$75 billion proceeds raised, over US$2 trillion enterprise value, and an almost US$29 trillion total addressable market to feast on.  Few other companies can rival its industrial span and potential seismic impact on consumers and competitors.  SpaceX’s valuation is driven by its sci-fi AI segment replete with space-based data centres and moon bases.  However, its more immediate impact maybe felt in the more down to...