Friday, June 12th, 2026 - SpaceX IPO Makes Elon a Trillionaire, Trump Cancels Iran Strikes Over a Draft Deal, USPS Is Coming for Mail-In Ballots

Friday, June 12th, 2026 - SpaceX IPO Makes Elon a Trillionaire, Trump Cancels Iran Strikes Over a Draft Deal, USPS Is Coming for Mail-In Ballots

June 12, 2026 · 12 min

About this episode

The episode discusses the SpaceX IPO making Elon Musk a trillionaire, Trump's cancellation of Iran strikes, and USPS changes affecting mail-in ballots.

Today's Headlines: SpaceX went public today raising $75 billion at a $1.77 trillion valuation, making Elon Musk humanity's first trillionaire. Moving on, Trump spent Thursday morning threatening to seize Iran's main oil hub Kharg Island, then hours later cancelled strikes because Iran "approved a draft agreement" to reopen the Strait of Hormuz and begin 60 days of nuclear negotiations — except Iran's own state media reported no agreement had been approved and that "the Americans kept changing their positions," though the stock market had its best day in two months anyway because the concept of a deal is apparently enough for Wall Street. In voter suppression news, the USPS quietly changed its rules to require states to hand over voter lists for anyone requesting mail-in ballots, with 23 states suing to stop it and the first judge already declining to block it, because of course they did. Trump dropped Bill Pulte as acting DNI after even Republicans said no, replacing him with Jay Clayton — Manhattan US Attorney, former SEC chair, and someone with no intelligence experience but a strong track record of loyalty to Trump. The DOJ is subpoenaing JP Morgan, Bank of America, and Wells…

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Mentioned in this episode

Organizations: SpaceX, USPS, JP Morgan, Bank of America, Wells Fargo

Places: Iran, Kharg Island, Strait of Hormuz

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