👽 “Martian City” — SpaceX’s IPO filing. Victoria’s “VSXY” Secret. Fed Prez Interview. +Hamptons Egg Summer

Elon Musk's SpaceX is on the verge of an IPO with a jaw-dropping incentive: 1 billion shares if he establishes a permanent Martian city of 1 million people. The company’s S1 filing reads like a sci-fi manifesto, blending poetic mission statements with hard data on rocket launches and Starlink’s booming profits. Yet the real story isn’t the rockets—it’s the AI division, which lost $2.5 billion in Q1 and now dominates SpaceX’s financial narrative. Despite the red ink, the stock is set to surge on Day 15 post-IPO due to NASDAQ 100 inclusion, turning SpaceX into a pure Elon Musk trading card after that point. Meanwhile, Victoria’s Secret is rebranding with the ticker VSXY, not for its lingerie, but for its revolutionary smart dressing rooms—RFID-enabled, digital screens, and seamless size requests—that are saving physical retail from online oblivion. And in a rare behind-the-scenes peek, Federal Reserve President Austin Goolsbee praises Jerome Powell as a Hall of Fame chair, crediting him for avoiding financial crises during pandemic chaos and inflation without a recession. The episode closes with a surreal contrast: Americans rationing gas at $4.56 a gallon while Kuwaitis fill up for just 28 cents—proof that the real economy is still very much a global game of extremes.