Hey there weekday warrior,
Here’s what’s on tap today… Comcast isn’t staying together for the kids, Dish just couldn’t make it as a satellite company during a satellite boom, and Rocket Lab went shopping for clout.
Now, enjoy the next 3 minutes and 30 seconds of blue-chip news and commentary.
Keep on snapping necks and cashing checks,
PS… thanks in advance for doing your part in helping keep TWC like the Fed (think: free and independent) by checking out today’s advertising partner.
Comcastaway
[Trigger warning for everyone who comes from a broken home]
Just like when your parents sat you down and told you when you were 8… “nothing lasts forever.”
Comcast $CMCSA ( ▲ 4.53% ) just announced big plans to spin off NBCUniversal and Sky into a standalone publicly traded media company.
But they both still love you very much, and, on the plus side, now you’ll get two Christmases.
So anyway, who gets what?
What’s left of the cable, wireless, and business services assets will become the new and improved Comcast…
And the media arm, aka NBCUniversal, will hold onto the theme parks, Universal Studios, NBC networks, Peacock, Bravo, and Sky (silly Europeans, TV is for America).
Comcast investors (so, your grandparents) were stoked.
CMCSA shares popped 26% on the news that the legacy media dead weight assets were being loaded into a longboat, set ablaze, and sent off into the sea.
The separation will take about a year to complete, and Comcast shareholders will own a piece of both new companies.
And I know I’ve said this before, but…
Live look at Davey Ellison and Netflix waiting for NBCUniversal to be single so they can go back to the mattresses…
Hold up, weekday warriors… as we predicted (because we’re always right), the only thing anyone gives a damn about right now is SpaceX.
That’s exactly why we talked to our friends at REX Shares and got you guys all the deets on their latest ETF. You’re gonna want to look into this…
So, who’s ready for data centers in space? Oh, and a trip to Mars?
The IPO hype wave is over, all the tourists are gone, and now the real game begins.
Space Exploration Technologies Corp. (Nasdaq: SPCX) has got traders in a frenzy. And your one share on Robinhood is impressing nobody.
Which brings us back to our friends at REX Shares and the best way for plebs like you and me to get our hands on SPCX.
Meet SPAX, the T-REX 2X Long SpaceX Daily Target ETF, now trading on NYSE Arca. One ticker, 200% of SpaceX's daily move.
SPAX is part of the T-REX lineup. You can get daily 2X long and inverse exposure across 40+ tickers, brought to you by REX Shares and Tuttle Capital Management.
🛑 Friendly reminder: our advertising partners help us keep the lights on around here, so do me a solid and check out SPAX.
+ Dish just blew a 28-3 lead to Starlink aka SpaceX $SPCX ( ▲ 7.15% ).
Dish DBS (think: the satellite TV provider under EchoStar $SATS ( ▲ 3.64% ) that includes DISH TV and Sling TV) is prepping to file Chapter 11 as early as today…
Heavy debt and nonexistent subscribers are catching up to the DISH empire. Turns out only catering to poors isn’t a solid business model…
+ The Supreme Court got together yesterday and went all Dikembe Mutombo on POTUS…
Per the latest SCOTUS ruling, Donny Pink Slip cannot fire Fed Gov. Lisa Cook (yet). However… #47 did get the green light in a separate decision to fire officials at other independent regulatory agencies for any d*mn reason he pleases. So he’s got that going for him, which is nice.
Friendly reminder: DJT has been trying to get rid of Lisa Crook since last year with accusations of mortgage fraud…
+ “Merger of equals”
RocketLab $RKLB ( ▲ 15.93% ) shares mooned yesterday (think: up 15.9% on the day) after announcing its acquisition of satellite company Iridium Communications $IRDM ( ▲ 25.44% ).
Rocket Lab put out $8B cash-and-stonk to pick up Iridium in the deal, expected to close mid-2027… ICYDK, that’s one of the biggest deals in commercial space so far.
*Jeff Bezos sweats in billionaire*
Wall Street is shifting billions into a select group of stocks, and MarketBeat’s updated 10 Best Stocks to Own in 2026 report reveals exactly which ones. Get the 10 names attracting fresh capital before the crowd catches on. Send My Free Report
> Trump bought as much as $5 million in Axon stock before ICE sought $220 million Taser deal // Nancy Pelosi couldn’t have done it better herself.
> Chinese AI is now on par with Anthropic in terms of cybersecurity // Jesus take the wheel.
> (Sunday) AOC says ‘we need to break up these companies’ after Apple raises prices by $200 // Me after I get the first summer electric bill…
> (Saturday) Berkshire CEO Greg Abel sworn in as U.S. citizen at baseball game // ICE has left the chat.
> (Friday) Google looks to bleed publishers with new AI partnerships that would cull their content // Don’t look now, but the don’t be evil company is doing corporate blackmail again.
> (Friday) Saks emerges from bankruptcy with new name and focus on luxe retail // How dare you deadname Exemplar Luxury Group.
> (Friday) OpenAI hasn’t held pre-IPO investor meetings or set timeline yet, sources say // Live look at @sama in the IPO race…
On Friday, I asked, “What was the peak of handheld tech?”
24% of you said, “Blackberry.” It’s the original for a reason.
Here’s what some of you guys had to say (and my response in italics)…
Blackberry: “The Blackberry changed the game. I really miss the keyboard. I could fire off emails in seconds using both thumbs. I am still using one finger to type on my iPhone after using one for like 20+ years.” Tell me you’re a boomer without telling me.
Other (write-in): “Nokia brick phone circa 2000s. Just calls, texts, and snake in a case that rivals an airplane blackbox.” Don’t forget to take Baby Aspirin.
GameBoy: “Imagine being in a car as a 6 year old and your only entertainment is looking out the window. Now you understand how game changing GameBoy was." Kids these days have no idea what looking out a window felt like.
Razr: “Best phone I ever had. Beam me up, Scottie!”
PalmPilot: “First handheld device where you could watch p*rn. Case closed.” And today’s BONK goes to…
Blackberry: “At one point I was so addicted to brickbreaker I would play with one hand while driving.” A totally victimless crime.
Here’s today’s question(s)…
Ok, so if Blackberry was peak handheld tech, then what was peak TV watching tech?
+ US stocks kept on dipping Friday (S&P 500: -0.05%) but jumped Monday (S&P 500: +1.2%) as Alphabet and other tech stonks put the team on their back.
🟢 Alphabet stock pops 4% on Dow debut, but the tech giant faces major AI questions // Can GOOGL break the Dow curse? Sorry for your loss AAPL and CRM…
+ The 10-year yield fell on Friday and held steady Monday as everyone waits for jobs data.
+ Oil prices dropped Friday but jumped more than 1% Monday after the US and Iran decided peace was boring.
+ The “smart” money (prediction markets) thinks there’s a 72% chance that #47 attends one World Cup match. (Polymarket)
Oh, and one more thing…
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This is not financial advice. Nothing in this newsletter is an investment recommendation. All content is created for entertainment, educational, or informational purposes only. Do your own research, or do yourself a favor and hire a professional.
Important Information:
Visit rexshares.com/spax for the full prospectus and risk disclosures.
Investing in the Fund involves a high degree of risk. As with any investment, there is a risk that you could lose all or a portion of your investment in the Fund. The Fund is newly organized and has no performance history.
The Fund is not suitable for all investors. The Fund is designed to be utilized only by knowledgeable investors who understand the potential consequences of seeking daily leveraged (2X) investment results, understand the risks associated with the use of leverage and are willing to monitor their portfolios frequently. The Fund is not intended to be used by, and is not appropriate for, investors who do not intend to actively monitor and manage their portfolios. For periods longer than a single day, the Fund will lose money if SpaceX’s performance is flat, and it is possible that the Fund will lose money even if SpaceX’s performance increases over a period longer than a single day. An investor could lose the full principal value of his/her investment within a single day if the price of SpaceX falls by more than 50% in one trading day.
The Fund has a daily leveraged investment objective and the Fund’s performance for periods greater than a trading day will be the result of each day’s returns compounded over the period, which is very likely to differ from 200% of SpaceX’s performance, before fees and expenses.
Investing in the Fund is not equivalent to investing directly in SpaceX.
Distributor: Foreside Fund Services, LLC, member FINRA, not affiliated with REX Shares or the Fund’s investment advisor.