June 5, 2026

THE NEEDS OF THE PARTY ARE SUBJECT TO CHANGE, COMRADE:

Posted at 1:01 pm by Stephen Green

HEY, BIG SPENDER: SpaceX tells banks it won’t move its $135-a-share IPO price.

SpaceX told banks in its $75 billion initial public offering ​that it is set on the $135-a-share price ‌that the firm disclosed on Wednesday in its amended IPO filing, sources told Reuters.

The company’s decision ​is the latest sign that Elon Musk ​is intent on holding the largest ever initial ⁠offering according to his preferences, upending ​Wall Street tradition — though sources stressed that the ​decision is subject to change before the IPO takes place. SpaceX didn’t immediately respond to a request ​for comment.

SpaceX began meeting with investors on ​Thursday in its IPO roadshow – where securities issuers and their ‌bankers ⁠typically gather investor feedback before determining the final IPO price at a meeting held a day before the shares begin trading.

Needless to say, the company’s orbital AI data centers require a lot of cash.

Posted at 12:46 pm by Stephen Green

ADAMS AND JEFFERSON MANAGED TO RECONCILE, SO MAYBE AMERICA IS NOT ENTIRELY DOOMED. FIRE’s new Blessings of Liberty podcast with Jeffrey Rosen launches with Justice Neil Gorsuch and a reminder that disagreement is not disloyalty, even when the disagreement is bitter enough to end a friendship for a decade.

Posted at 12:14 pm by Greg Lukianoff

HOWEVER MUCH YOU DESPISE THE MEDIA…:

…it will never be enough.

Posted at 11:59 am by Stephen Green

HIGHER EDUCATION IMPLOSION UPDATE: Low enrollment rocks U. Oregon as it works to slash $65 million, shutters dorms.

“Based on our new numbers, we will need to cut around $65 million from our budget to avoid an ongoing annual budget deficit in the coming years,” President Karl Scholz recently announced to the campus community.

He primarily blamed lower out-of-state first-year enrollment, which means lower tuition revenue, and instituted a hiring and pay freeze.

Other factors cited at a June 1 Board of Trustees meeting include increased costs and a loss in grant funding.

The university on June 2 announced it will shutter two off-campus dorm as it grapples with the budget shortfall. It will close Barnhart Residence Hall and Barnhart Dining Hall and shutter Riley Hall for the 2026–27 academic year, the Daily Emerald reported. If some students need to be housed, Riley Hall will serve as an overflow dorm.

Weird, but I didn’t see anything in that report about reducing administrative bloat.

Previously: If only someone had warned them.

Posted at 11:44 am by Stephen Green

HEH:

It’s fun having a POTUS having so much fun.

Posted at 11:28 am by Stephen Green

I DID NAZI THAT COMING:

Posted at 10:57 am by Stephen Green

THE NEW SPACE RACE: NASA head urges new launcher for Blue Origin’s moon landers to meet Artemis mission deadlines.

In an interview with FOX Business on Thursday, NASA Administrator Jared Isaacman described a “whole of government response” to the May 28 incident, which badly damaged Launch Complex 36 at Cape Canaveral. “We are also de-coupling the lander from the launch vehicle and the pad itself,” he said.

“NASA is laser focused on the lander because we’re laser focused on our mission to return astronauts to the surface of the moon before 2028, and we’re gonna be able to keep that lander in development, progressing, so it’s available for our test mission in 2027, which is Artemis 3, and potentially available to meet our landing objectives in 2028,” Isaacman said.

“It’s a setback that happens in this business. It’s incredibly complicated. A rocket is a controlled explosion, whether you’re going to Earth orbit, 17,500 miles an hour, escape velocity, 25,000 miles an hour, it’s an awful lot of energy, things will happen. We have to learn from it and be ready to move forward.”

Faster with Starship, please, Elon.

Posted at 10:42 am by Stephen Green

GOODER AND HARDER, NEW JERSEY:

Posted at 10:26 am by Stephen Green

YES ON BOTH COUNTS:

Posted at 9:55 am by Stephen Green

KEEP IT UP: Feds announce major fraud busts in Ohio. “Unfortunately, this area around Columbus is responsible for 1/3 of all of the $1.5B spent on home healthcare in Ohio… that’s 3x what you would expect… it defies belief. Some of these buildings were vacant.”

Posted at 9:40 am by Stephen Green

FRAUD ALL THE WAY DOWN:

Posted at 9:24 am by Stephen Green