The scale of SpaceX’s lead in global launch is absolutely insane In 2025 alone, SpaceX delivered approximately 2,330 TONNES of payload to orbit, primarily using its Falcon 9 rockets The rest of the world COMBINED delivered just 547 tonnes That's 4.3 TIMES more payload than every other launch provider on Earth combined We're talking about the scale without Starship here

When I was a teenager in east Texas, they tried to dress up David Duke. The conservative right tried to dress him up as a reformed conservative thinker, in order to get the union vote. Thankfully most people never bit, because they knew he was just an old fashioned racist bigot, just now in a coat and tie talking about trade. Now some on the left are doing the same thing with some of their candidates. But at the end of the day, it’s just good old fashioned Jew hate. As a 57 year old from rural east Texas, you don’t have to explain to me what my eyes see and ears hear very well. I’ve been to this dance before….

Markets don’t close on Liquid. Here’s your Sunday update. Buyers are picking through the wreckage of Friday’s tech selloff with over 80 percent of stock and ETF contracts tracked on Liquid are above Friday’s close. The recovery stretches across memory chips, AI infrastructure and crypto-linked names, although the weekend gains recover only part of the damage. Memory is one of the clearest pockets of strength. $MU is up 2.23%, while the memory-focused $DRAM ETF has gained 2.20%. $SNDK, $WDC and $STX are all more than 1% higher. Optical networking names are participating too, with $LITE and $AAOI both above Friday’s closes. The rebound extends beyond memory. $AMD is up 1.52% and $MRVL has gained 1.22%, while $GOOGL is 1.37% higher. But the biggest names aren’t moving together: $NVDA is only marginally positive, while $AAPL remains slightly lower. Neoclouds are also finding buyers. $NBIS is up 1.73% and $IREN has gained 1.62%, with $CRWV following at +0.80%. The sector is participating in the recovery, even as the debate over AI spending, financing costs and future returns remains unresolved. Crypto-linked equities are getting support from Bitcoin’s move back above $78,000. $MSTR is up 3.12%, followed by $COIN at +2.26%. $BMNR and $CRCL are also higher, although $PURR is bucking the move at −1.95%. The rebound comes as Binance resumes withdrawals after the hack, but confidence is still being tested: Reuters reports more than $3.5 billion in net outflows on Sunday. Anthropic’s is rising as the company is now at an implied valuation of $1.804 trillion, up 4.35% from Friday’s close. OpenAI remains down 2.27%, against a backdrop of reports that the company has cut its fundraising target by $10 billion. Geopolitics remains a major variable. Iran and Qatari mediators continued talks Sunday, while Trump has said there will be no new US attacks before Tuesday’s midterm elections. That diplomatic breathing room appears to be helping sentiment, with WTI down 1.38% against Friday’s settlement. But there is no final agreement, and the prospect of renewed strikes after the vote remains unresolved. Markets keep moving. Trade them 24/7 at Turn on post notifications for the latest moves and headlines.

The AI Trade as of 11/1/26: One side of the trade is being punished because they are spending too much. The other side of the trade is being punished because their customers will stop spending. I will acknowledge that the Beaumont, Texas ISD may not have the greatest math program in the country, but it definitely prepared me enough to understand this equation.

🚨 One Tesla Robotaxi ride in Houston: 74.1 miles, 3 hours 5 minutes, $133.25 🚗 @scotsrule08 went from the north edge of the new geofence to the south edge and back, no interstate, and called it "absolutely flawless." That's ~$1.80/mile. The zone expanded through downtown Oct 26.

$AMZN earnings AWS growth: 39%. Operating profit growth: 61%. Highest operating margin in company history. “WHY ARE YOU SPENDING SO MUCH MONEY?” Imagine you are working overtime, break every productivity record, and the company fires you for the extra electricity bill. 🤣

As Lars has confirmed that the 125,000 Cybercabs per year (2,400 per week) communicated in the earnings deck is below the real capacity, we can do a little thought experiment and simulate three scenarios: • 2,400/week: official earnings-deck guidance (~125k/year) • 16,000/week: 30-second takt at 80% uptime • 24,000/week: 20-second takt at 80% uptime (still ~2× Tesla’s long-term 10-second objective) The EPS you get for next year becomes nuts. This is not a prediction, but it shows the extraordinary potential of Robotaxi. Those who think that this will be peanuts are gravely mistaken.

I hope everyone has a wonderful Halloween and stays safe tonight. If you’re in one of Tesla’s Robotaxi locations, use it tonight!!! Have fun! And if not and there’s Waymo, use it as well. And yes, I know I give them a lot of grief, all of which they deserve, but if you’re in a location that doesn’t have Tesla nor Waymo, get an Uber. Don’t drink and drive. I have a lot of issues with Uber, but they save lives every night. And tonight they will save as many as they ever do. And regardless of how we feel about their policies and practices, your life is worth more to me. ❤️

3 hours and 5 minutes. 74.1 miles. All for one Tesla Robotaxi ride. Just went from the northern edge of Houston’s new geofence to the southern edge and all the way back. $133.25 to end up exactly where I started. Absolutely flawless, @robotaxi! Phenomenal job @TeslaSI team!

Friday saw the loss of nearly $2 trillion of market cap from the US stock market. This amount is the equivalent of the entire US stock market in 1990. A factoid that says be careful and use risk management, but also don’t ever bet against the US stock market long term. One day in the future the Nasdaq will have a 5% correction, and they will say you lost entire 2026….