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Life is better with a cigar. 🤝

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What's Elon's 3D chess move with $SPCX and $TSLA? KT thinks it's a merger, sooner than later. He points to the Roadster launch showing off SpaceX tech in a car. Once the merger goes through and the humanoid is out, he sees Tesla among the world's most valuable companies.

We love boring! Boring is soooo cool. 😎 And you know what? Our DCA plan loves boring, too! 😉

One more Friday Stack to wrap up the week! Tomorrow, we're joined by @_Adrian for another good conversation about Bitcoin and the community that brings us together. 12:30 ET | Live on X Looking forward to seeing you all! Have a lovely, relaxing evening, everyone. 🫡🧡

📋 QUOTE REQUEST Insure $100M of AI company debt for one year. What does it cost? That price is the credit default swap (CDS) spread. Here is what the market is quoting: ▪️ Oracle: 300+ bps = $3M+ per year ▪️ SpaceX: 200+ bps = $2M+ per year ▪️ Meta: ~115 bps = ~$1.15M per year, a record close (about 119 intraday) Nvidia, Amazon and Broadcom hedging costs are rising too. Why Meta? It disclosed about $825B in future lease and contract commitments, up from ~$700B in July, and raised the low end of its capex forecast to $135B. The fair read: 1.15% a year is still a strong investment-grade price. This is not a default forecast. It's the market charging more for uncertainty. But the AI race is turning into a financing race.

🤝

The ties that bind😂

Same 😂

100x better than the Atlanta Falcons rebrand today

Amen @efenigson! We've gotta have you back on the show when you return.

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🔴 TODAY. 12:30 ET. LIVE ON X. Bitcoin is on the balance sheet. What happens next? Bitcoin Treasuries with @punterjeff and @BritishHodl 🧡 The unscripted part only exists live. What's your one treasury question for them? 🔔👇 xitter.cf/i/broadcasts/1nxeLLvMB…

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$META isn't slowing down. Last night it reported $34.9 billion of capex for Q3 and guided $135 to 145 billion for 2026. KT called it on Tuesday's show. Nobody in AI wants to slow down, because whoever slows down hands the other side an edge.