Davis Wilson:

**RKLB Buys IRDM** The Blue Spike Called It!

Bullseye! James Altucher and Zach Scheidt just predicted the buyout of Iridium Communications (IRDM). Rocket Lab (RKLB) bought Iridium for $8 billion yesterday morning.

Iridium stock is up 22% as I type. It’s all thanks to the Blue Spike Indicator that flashed on June 23.

The Blue Spike Indicator is our AI-powered system that monitors the options market for unusual activity – the kind that tends to show up when large institutional investors start quietly buying a stock ahead of something they know is coming.

Rocket Lab is buying Iridium for its constellation of 66 low-Earth orbit satellites that provide communications coverage across the entire planet. The network is already built and already profitable – generating more than $870 million in annual revenue. Most importantly, it's trusted by the U.S. military for mission-critical communications.

The acquisition transforms Rocket Lab from primarily a launch and satellite manufacturing company into a much broader space infrastructure business. But yesterday's acquisition is much bigger than Rocket Lab. It's a reminder that the space industry is growing up.

While the market may have rotated away from space over the past few weeks, I believe this rotation will prove temporary. Because the space industry has finally reached liftoff.

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Enrique Abeyta:

The AI Arms Race Just Got Literal

We tend to think of AI as something that lives inside a computer. But a new category is emerging that experts call Physical AI.

These are systems capable of perceiving the world around them, avoiding obstacles, and making real-time decisions with little or no human input. They are showing up in autonomous vehicles and humanoid robots. But nowhere is it developing faster or with higher stakes than in military drones.

Drone manufacturer Skydio, for instance, has focused on enterprise customers, public safety agencies, and the U.S. military.

What's particularly interesting about Skydio is how its drones operate. Rather than relying entirely on a human pilot, Skydio's aircraft use advanced computer vision and artificial intelligence to understand the world around them in real time.

In many ways, it's less like flying a remote-controlled aircraft and more like supervising an autonomous teammate.

Companies like Skydio provide an important glimpse into where Washington appears to be directing tens of billions of dollars in future defense spending. They help us understand which technologies military planners believe will matter most over the coming decade.

AI has already changed how we work. The next wave of AI may change how nations defend themselves.

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James Altucher:

The Prediction Market Money Glitch

On prediction markets like Kalshi you can put real money on real outcomes – elections, Oscar winners, soccer matches, the weather in Chicago this afternoon.

You can bet on the strange stuff too: The existence of aliens. How many times Donald Trump says a particular word in a speech. How many people pass through TSA checkpoints this week. How many rockets SpaceX launches this month.

Every bet works the same way. A "yes" share trades somewhere between 1 cent and 99 cents. If you're right, that share pays a full dollar. If you're wrong, it pays zero.

Say there's a market: "Will JD Vance run for president in 2028?"

A yes share costs 60 cents. I buy 100 shares for $60. Vance announces his run, my shares turn into $100, and I've cleared $40 on a $60 bet. A two-thirds return. Simple.

The mechanics take five minutes to learn. But the money lives somewhere harder to reach – in finding bets where you hold an edge the crowd doesn't.

The trick to profiting is two unfair edges: knowing how these markets misprice the obvious, and doing the arithmetic everyone else is too lazy to do.

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