The Weekly Scramble

After SpaceX raised a record $75 billion in its IPO, Musk’s net worth shot up to top $1.1 trillion when the stock began trading Friday, putting him in an economic class of his own.
Combined with his holdings in electric vehicle maker Tesla, as well as other investments and assets, Musk's net worth is now estimated at about $1.1 trillion.
Musk's stake in the rocket and satellite company alone is now estimated at a staggering $690 billion, but it's also a life-changing moment for thousands of workers at the company who hold equity.
Investors who watched Musk help turn Tesla into an automotive giant are now betting he can do the same in space and artificial intelligence, as SpaceX launches the largest IPO in history.
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What are we all going to do to celebrate the 250th anniversary for the 4th of July?????
The United States Semiquincentennial,[a] also called the Bisesquicentennial, the Sestercentennial, or the Quarter Millennium, will be the 250th anniversary of the United States Declaration of Independence. Festivities will mark various events leading up to the Declaration's anniversary on the 250th Independence Day: July 4, 2026.
Official planning for the celebrations began in 2016 with the congressional, non-partisan United States Semiquincentennial Commission (America250). In 2025, federal resources were diverted to the Donald Trump-aligned White House Task Force on Celebrating America's 250th Birthday (Freedom250) to promote and plan new events. Celebrations began with the United States Army 250th Anniversary Parade on June 14, 2025,[1] with America250 events formally starting on July 3, 2025.
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SpaceX is targeting an Initial Public Offering (IPO) on June 12, with a planned fixed share price of $135
SpaceX is targeting an Initial Public Offering (IPO) on June 12, with a planned fixed share price of \(\$135\). This record-setting debut will value the company at approximately \(\$1.8\) trillion and raise about \(\$75\) billion in new capital. Once trading begins, the stock will list on the Nasdaq under the ticker symbol SPCX. [1]
Prior to the IPO, secondary markets (such as Forge Global and Hiive) calculated implied valuations and trading prices for pre-IPO shares, which were recently tracking between \(\$129\) and \(\$157\) per share.

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President Trump’s team pushes for new $250 bill with his face on it.
Key administration officials are pushing the Treasury Department’s Bureau of Engraving and Printing to design a $250 banknote with Trump’s image, the Washington Post reported.
Should the Treasury Department move ahead with the plan, it would mark the first time a living person’s face was slapped on a greenback since 1866.
The $250 note would be a nod to America’s 250th birthday this year.
Under the Thayer Amendment, which passed in 1866, it is illegal to put the likeness of a living person on official US currency, bonds, or other financial notes.
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Gov Tim Walz and Minneapolis Mayor Jacob Frey completely embarrassed themselves on Memorial Day yesterday .
From Liz Collin of Alpha News:
NEW: While Minnesota Governor Tim Walz made time to visit George Floyd Square to dance today, multiple people with direct knowledge of Fort Snelling’s Memorial Day program confirm he did not attend, despite appearing in the program to speak.
“We are supposed to honor our heroes, and he blows off the veterans? What a slap in the face,” one attendee said.

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