Jack Crivici-Kramer

No, it's actually Starlink.

The $10 billion in annual revenue that Starlink satellites bring in for SpaceX are more than double the revenue that they bring in through their rocket launches.

And Starlink is incredibly profitable.

It's got a 65% profit margin.

That's twice as fat as any of the wireless companies today.

And the wonderful thing about capitalism, besties, is that if consumers are getting ripped off, then the market fixes itself.

Starlink is charging consumers an enormous markup because no one else sells satellite internet.

Well, now that profit margin is inviting competition.

Amazon can offer half the price for the same service, still make a pretty good profit.

So soon, Starlink won't have a monopoly on space Wi-Fi because SpaceX's margin is Amazon's opportunity.

You got to munch on that margin like it's a mango.

For our second story, don't slice it.

Pop-Up Bagels just hit a $300 million valuation.

That's a 5X in just five months.

And the hedge fund that invested in OpenAI and Waymo is now also investing in bagels.

Jack and I track the crumbs, and there is a bigger story here.

But yet is the bagel.

Oh, the humble bagel, Jack.

It's like a donut that forgot to put on makeup in the morning.

It is.