You Can't Buy SpaceX Yet. But You Can Own What It's Pulling Higher.

SpaceX is planning the largest IPO in history — and before a single share hits the market, it's already repricing everything around it.

Most investors are chasing the names making headlines. A few are studying the fundamentals.

This briefing shows you exactly which space stocks have the revenue, contracts, and catalysts to hold their gains — and which ones are just riding the narrative.

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BREAKING NEWS

🥚 Eggs Just Crashed 97%. Here's How To Actually Make Money From It.

One year ago a dozen eggs cost $9 at some grocery stores. People were rationing them. Late-night hosts were making jokes about egg prices every single night. It was a genuine crisis.

Today a dozen eggs cost $0.22 at wholesale. That is a 97% crash from the peak.

Here is what happened. Bird flu wiped out roughly 50 million egg-laying hens in 2025, creating a massive supply shortage that sent prices to a record high of $6.23 a dozen in March 2025. Then the flocks recovered. Bird flu losses in early 2026 dropped to about 2.8 million birds, compared to 19 million in the same period last year. More hens, more eggs, prices collapsed.

Now the real question. Can you actually make money from this?

• 📈 Yes. Egg futures trade on the CME Exchange. Regular investors can access them through commodity brokers or ETFs that track agricultural futures. When bird flu fears return, as they always do, egg prices spike fast and hard. That is a tradeable event.

• 🐔 The smarter play is the stocks. Companies like Cal-Maine Foods $CALM, the largest egg producer in the US, made enormous profits during the 2025 price spike and now trades at a discount as prices have crashed. When the next bird flu wave hits, $CALM is the cleanest way to get exposure.

• ⚠️ The risk is timing. Experts warn that wild migratory birds carry extremely high viral loads this season. A single large outbreak can move egg prices violently within days. You need to be positioned before the news breaks.

The Munch Take: Eggs went from a breakfast staple to a geopolitical commodity in about eighteen months. My wife bought four dozen eggs last week because they were so cheap. She stacked them in the fridge like she was preparing for something. I told her this might actually be a smart trade. She said she just wanted to make quiche. Sometimes the best investments are the ones that happen by accident.

President Trump could be about to make this overlooked ticker soar (AD)

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STOCK OF THE DAY

📉 Meta Lost

. Here's The Full Story.

$META beat earnings. Beat revenue. Beat profit. The stock dropped 10% anyway and wiped out $175 billion in market cap in a single session. This needs an explanation.

The problem is simple. This is the second time in a row Zuckerberg raised his spending plans. Meta set the original 2026 spending target in January at $115 billion to $135 billion. That was already a massive number. Wednesday night he raised it again to $125 billion to $145 billion. The market can handle big spending. It cannot handle a bill that keeps growing every three months with no ceiling in sight.

JPMorgan moved immediately, downgrading the stock and cutting the price target from $825 to $725. Analyst Doug Anmuth said Meta faces a more challenging path to generating returns on its AI spending beyond advertising. When JPMorgan moves, others follow.

There is one more number buried in the report that nobody is talking about loudly enough. Reality Labs, Zuckerberg's metaverse division, made $402 million in revenue but posted a $4 billion operating loss. It lost nearly 10 times what it made. Meta is funding two enormous money pits simultaneously. AI infrastructure and a virtual world nobody asked for.

📈 The Bull Case:

• Advertising revenue grew 33% year over year to $55 billion. That is the fastest growth since 2021. The core business is on fire.

• 3.56 billion daily users. Threads at 150 million daily users. WhatsApp monetization just getting started. The surface area for revenue is enormous.

• Every dollar spent on AI is making the ads smarter. Smarter ads mean advertisers pay more. That flywheel is already working.

📉 The Bear Case:

• The headline EPS of $10.44 included an $8 billion one-time tax benefit. Strip that out and earnings were $7.31. The beat was not as clean as it looked.

• $145 billion in spending with no clear finish line is a hard story to model. Wall Street hates uncertainty more than it hates bad numbers.

• OpenAI missing its own revenue targets this week made every AI spending story look riskier overnight.

The Munch Take: Meta made more money than almost any company in history this quarter and lost $175 billion in value the next morning. That sentence should not be possible and yet here we are. The business is extraordinary. The spending plan is the problem. Zuckerberg has earned the benefit of the doubt. He also keeps moving the goalposts. At some point the market stops giving those out for free. My wife saw the chart and asked what happened. I said Meta made $56 billion and the stock crashed. She didn’t say anything and just went back to scrolling Instagram. I’m sure this is a short-term blimp.

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