The space economy went from sci‑fi to Wall Street as SpaceX filed its S-1, teeing up what could be a historic IPO and jolting names across the sector (SpaceX filing). [P]At the same time Anthropic raised $65B and Nvidia hit a $5.18T market cap, underscoring how generative AI and chip demand are reshaping who gets valued — and who gets nervous — in markets (Anthropic, Nvidia).

U.S. credit card delinquencies hit a 15‑year high — a stark consumer red flag driven by high rates, inflation, and stagnant wages (delinquencies), even as fintechs double down on AI: Robinhood expanded into 'agentic' AI trading with $350B in assets under management (Robinhood). [P]Meanwhile, big-ticket deals keep rolling — Tilman Fertitta agreed to buy Caesars for $17.6B, reminding everyone that liquidity and leverage still rule the corporate ballroom (Caesars deal).

A CNN probe found FEMA dysfunction under top officials stalled more than $15B in disaster funds and prompted large staff exits just before hurricane season, a sharp reminder that organizational culture costs lives and dollars (FEMA report). [P]In foreign policy, Defense Secretary Pete Hegseth's 'less dialogue, more ships' line signals a pivot toward muscle over multilateralism that will test alliances and diplomatic leadership (Hegseth doctrine), while corporate leaders like Nvidia continue to set the tone for industry confidence as investors hunt for a single big conviction in AI (Nvidia leadership).