Hello there.
Happy IPO day! Whether you’re all-in or just here for the popcorn, pull up a chair. This should be interesting.
In this issue:
🚀 SpaceX IPO Day and All the Drama in Its Wake
⚡️ Meanwhile, in the (Relatively) Little Leagues
💻 The "SaaSpocalypse" Is Officially* Dead (Maybe)
🤖 Okay Google, Queue the Price Wars
🎙️ SpaceX’s Mega IPO & The Business of Nostalgia
Did you see the Falcon 9 launch yesterday? I gotta say, pretty bold to brave a rocket launch the day before your IPO. Arrogance or confidence? Let’s read into it. 👇
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🚀 We Have Liftoff!
Happy IPO day! As you know, SpaceX is basically the main character of the stock market right now. This week brought some spicy updates ahead of the big day: the company just locked in a deal with Alphabet (Google) for $920 million PER MONTH in computing power. Yeah, almost a billion dollars monthly. Elon is really out here making Big Tech pay rent.
But here's where it gets interesting for anyone thinking about buying shares today: Index funds (those big automatic investment pools that track the market) are about to gobble up around 30% of SpaceX's available shares within just 15 days of trading. Normally, that number would be like 4%. This is happening because Nasdaq, FTSE Russell, and MSCI all fast-tracked SpaceX into their indexes, which means passive investors basically have to buy it whether they want to or not.
What does this mean? Well, when a ton of buyers HAVE to purchase shares no matter the price, it can push the stock higher. Some market watchers are worried this creates a weird feedback loop where the stock goes up just because the index funds keep buying. Could be great if you're holding. Could get messy if it decouples from reality. Either way, today is going to be wild.
🎤 What do you think?
From last week’s issue:
How did you play the SpaceX IPO?

Answer: $25 billion
⚡️ The Tech Ticker
SpaceX's IPO is drawing billions in orders (and criticism) from Middle Eastern sovereign wealth funds.
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GM is rolling out sodium-ion battery tech aimed at the energy storage market, betting on cheaper materials and supply chain resilience (good luck!).
💻 Is the "SaaSpocalypse" Officially Over?
Remember back in February when everyone was panicking that AI was going to murder all software companies? Investors were selling everything, and we lost like $285 billion in stock value over two days. Good times.
Well, Orlando Bravo, the guy who runs Thoma Bravo (one of the biggest software investors on the planet, managing almost $200 billion), just declared that the whole panic is over. Speaking at a conference in Berlin, he said, "The SaaSpocalypse is over. It's finished, no more."
His take is that while everyone assumed software companies would just sit there and get replaced by AI, they're actually adapting and using AI to make their products better. About half of the new money coming into his portfolio companies is now from AI and "agentic" tools (basically AI that can actually do stuff for you, not just chat).
The numbers seem to kinda back him up. Software stocks had their best month since October 2001 in May, climbing 21%. Some companies are absolutely thriving, like DigitalOcean, which is up over 220% this year, and CrowdStrike is up 50%+.
BUT (and this is a big but) not everyone is celebrating. Snowflake's CEO basically said he's staying paranoid because the AI landscape changes so fast. And companies like Uber had to cap how much their engineers can spend on AI tools after blowing through their budget. Turns out running all that AI stuff is expensive. Like, “our entire economy is hedged on this”-expensive. Who knew?
🤖 All Eyes on AI
Google slashed its AI Plus subscription from $7.99 to $4.99 while doubling the storage to 400GB, inevitably sparking a price war.
DoorDash launched an AI chatbot called "Ask DoorDash" that lets you order food with text prompts, photos of recipes, or even a picture of your grocery list.
Deezer is offering a free tool that scans your Spotify or Apple Music playlists to flag AI-generated tracks, after the company found 43% of users already had AI music mixed in.
Warner Music is also stepping deeper into the AI-music detection biz, albeit with a different model. They acquired Sureel AI, a sort of watchdog startup.
Anthropic's Dario Amodei has exactly one direct report (his chief of staff) while Nvidia's Jensen Huang manages 60 people.
🤡 Meme of the Week
🎙️ SpaceX’s Mega IPO & The Business of Nostalgia
In this episode of The Best One Yet, the hosts unpack a week where the biggest IPO in history is reshaping wealth across Silicon Valley, FIFA discovers new ways to monetize fandom, and Pizza Hut turns childhood memories into one of its most successful growth strategies.
📻 Tune in to:
Break down SpaceX’s long-awaited public debut and why thousands of employees could become overnight millionaires.
Dive into FIFA’s increasingly aggressive World Cup monetization strategy, where ticket prices, resale fees, and premium access programs are transforming the world’s biggest sporting event into a multi-billion-dollar revenue machine.
Examine how Pizza Hut’s decades-old BOOK IT! reading program became one of the most successful marketing campaigns in America.
🎧 Listen on:
⭐️ What did you think of today's edition?
That’s all for today. Write us and let us know your thoughts on the market, the newsletter, or the weather—we’d just love to hear from you.
Till next time,
— Brandon and Blake
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