Dear Reader,

Without most people noticing, Elon Musk has started a new venture that has nothing to do with rockets, EVs, Neuralink, or tunnels.

Trump has personally issued emergency support to roll this underlying tech out as fast as possible.

It's already live in multiple states.

Behind the scenes, demand for this is already spiking...

The Financial Times says Sam Altman is begging people on the phone to build this for him and OpenAI.

And the best part for you and your wealth is:

A few little-known companies control the supply chain.

Anyone who wants this tech - be it Sam Altman or even Elon himself - must go through these companies to get it.

You can simply buy their stocks right now... before this news becomes common knowledge.

But you ought to move fast. Because leaked satellite images are already showing up online...

Click here to see how you could back Elon Musk's next venture from your regular brokerage account.

Regards,

Joel Litman
Chief Investment Officer, Altimetry

BREAKING NEWS

🏠 Japanese Yen Hits Weakest Level Since 1986 as Dollar Surges

The Japanese Yen is falling apart. It just dropped to 162.57, its lowest level in four decades. The last time the yen was this weak, Ronald Reagan was president, the Berlin Wall was still standing, and nobody had ever heard of the internet. That's how far back you have to go.

Some analysts are now warning the yen could weaken all the way to 180 or even 200 per dollar if nothing structurally changes.

For Japanese consumers, that means everything imported, from food to fuel, keeps getting more expensive. For American tourists planning a Tokyo trip, this is suddenly the best year in decades to book that flight.

Here's why the Yen keeps falling and won't stop:

• 💰 America pays more to save money than Japan does. The Federal Reserve is paying around 3.5% to 3.75% on dollars while Japan's central bank pays only about 1%. When you can earn more money to just sit in dollars, everyone sells yen to buy dollars.

• 🛢️ The Middle East conflict makes it worse. Japan relies heavily on Middle Eastern energy imports, so the ongoing US-Iran tensions hit the yen harder than most other currencies. Oil-driven instability translates directly into yen weakness.

• 🛑 Japan already tried to fix it once. Between late April and late May, Japan's government spent roughly $72.5 billion buying yen to prop the currency up. It worked for a few weeks. Then the dollar got strong again and erased the entire effort.

The Munch Take: The currency hasn’t been this weak seen since before some of our readers were even born. Japan threw $72 billion at the problem and the market barely noticed within weeks. That’s how bad it is. Whether this is a temporary squeeze or the start of something much bigger nobody can say with any real confidence right now but this is a story that is worth paying attention to.

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STOCK OF THE DAY

🚀 The 24-Year-Old Who Turned $225 Million Into $20 Billion Just Bought A New Stock.

Leopold Aschenbrenner is not your typical hedge fund manager. He was fired from OpenAI's safety team in 2024, then wrote a viral essay about the future of AI that turned him into one of the most closely watched investors in the world.

His fund has returned roughly 270% this year alone and now manages over $20 billion. When this guy buys something, people pay attention.

His latest move is SharonAI Holdings ( $SHAZ ( ▲ 4.52% ) ), a company most people have never heard of. His fund revealed it owns up to 19.99% of the Class A shares, just below the level that would trigger extra regulatory scrutiny and shareholder approvals. The news was enough to spark a sharp jump in the stock price

Here's what SharonAI actually does:

• 🖥️ SharonAI rents AI chips to companies that need massive computing power to train models but don't want to spend billions building their own data centres. Think of it like renting a moving truck instead of buying one.

• 🌏 SharonAI is one of just three Nvidia Cloud Partners in Australia, which means they get first access to Nvidia's newest chips. That's a real edge in a market where everyone is fighting for the same hardware.

• 💰 The contracts are already rolling in. SharonAI just landed a $1.25 billion contract with an Indian IT services firm. That's a serious vote of confidence for a company most retail investors have never traded.

The Munch Take: A 24-year-old who got fired from OpenAI turned $225 million into $20 billion and is now betting nearly 20% of a stake in a company that rents out computer power in Australia. The stock jumped 4.5% the moment people found out. Whether that's genius foresight or a really lucky essay is something we'll only know in a few years. For now, the market is taking the bet at face value.

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