☕ DrinkCoffeeAndProfit
Smart money moves before breakfast
PARTNER MESSAGE
Dear Reader,
June 12.
Most investors think that’s the target window for the historic $1.75 trillion SpaceX IPO.
But they only know half the story.
June 12 is actually the newly reported deadline for an announcement that could blow the lid off Elon’s highly anticipated “Project Unlimited.”
In short, what I’m calling “Project Unlimited” is Elon Musk’s master plan to save the AI industry.
But here’s the most important part about it …
Right now, there is one under-the-radar tech firm that is absolutely essential to Elon’s new master plan. They’ve already shipped 5 billion critical components to SpaceX, making them the absolute linchpin of this operation.
And because SpaceX has been private for so long, this partnership has flown almost completely under the radar.
But that all ends the moment SpaceX goes public.
Once Wall Street analysts start digging into SpaceX’s supply chain, I predict this behind-the-scenes partner will be front-page news on CNBC and Bloomberg.
That’s why you have to position yourself before the IPO frenzy begins.
If you wait until the media connects the dots, the chance for life-changing gains could slam shut.
Michael Robinson
Inspiration Quote for the Day
“The reward for good work is not more money. It’s more work. The reward for owning the system is the money.”
— Naval Ravikant
The Morning Ritual
Working Harder Stopped Working and Nobody Sent the Memo
My neighbor Dave got passed over for a promotion last month. Four years without missing a deadline. Stays late. Volunteers for Saturday shifts. His boss said they picked someone who “brought more strategic value.” Dave asked me what that means. I told him the truth: the rules changed.
The Bureau of Labor Statistics just published a number that belongs on every kitchen table in America. Workers now take home `53.7%` of economic output. That is the lowest share since 1947. Your grandparents kept `70%`. You are producing more and keeping less.
In One Sip
► The labor share of GDP fell to `53.7%` in Q1 2026. That is the portion of the economy going to workers as pay and benefits. It has never been lower in `79` years of tracking.
► Worker productivity rose `2.8%` over the past year. Real hourly compensation fell `1.4%` in the same quarter. You made more for the company. You took home less.
► The S&P 500 closed at `7,267` on Wednesday, down `1.62%` after May CPI came in at `4.2%` year over year. Core CPI rose just `0.2%` monthly, below expectations. The 10-year yield held at `4.55%`. The VIX jumped to `22.22`.
► Here is the buried story: Fortune 500 profits hit a record `$1.87` trillion in 2024. Workers produced the gains. Capital collected them. That is not a political opinion. That is the math.
Why It Matters for Your Money
In 1947 workers kept about `70` cents of every dollar the economy produced. Today it is `54` cents. The missing `16` cents shifted to profits, shareholders, and capital owners.
The median American household earns roughly `$80,000` a year. If the labor share had stayed at its 2000 level, that household would earn closer to `$91,000`. That is `$11,000` a year you are not collecting. Not because you stopped working. Because the formula changed.
Sound familiar? You hit every target. Your annual raise came in at `3%`. Inflation ran at `4.2%`. That is not a raise. That is a pay cut wearing a name tag. Meanwhile the S&P 500 gained roughly `22%` over the past year. The economy is growing. The slice going to the people who actually show up and do the work? It just hit a floor nobody alive has ever seen.
The Wealth Angle
I think most people misread this as a wages problem. It is a leverage problem.
The old career advice was simple: outwork everyone, get promoted, earn more. The economy quietly restructured around a different formula. A landlord collecting rent on three units earns more than a warehouse manager pulling `50`-hour weeks. One income sits in the capital share. One sits in the labor share. One is growing. One just hit a record low.
Dave does not own equity in his company. He does not own a share of the intellectual property he helps create. He trades hours for dollars. And the exchange rate on that trade just hit its worst level in `79` years.
Now here is the part most people miss. The wealthiest `10%` of Americans own `93%` of all stocks, according to the Federal Reserve. When profits soar and wages stall, the gains funnel almost entirely to people who already own capital. Working harder is not the edge it used to be. Owning a piece of something is.
☕ Key Insight:
Workers produced `2.8%` more output per hour this year and took home `1.4%` less in real pay. The gap between what you create and what you keep just hit a `79`-year record. The old playbook rewarded effort. The new one rewards ownership.
Coffee Break Move
If you have room to invest: Open your brokerage app before lunch. Even `$100` a month into a low-cost index fund puts you on the owner side of the ledger. The S&P 500 returned roughly `22%` last year. That is the capital side of the economy working for you instead of against you.
If you are stretched: Check whether your employer offers a stock purchase plan or equity participation. Many do. Most workers never enroll. That is free leverage sitting on a form you never filled out.
I called Dave last night. Told him the raise he deserves is real. But the raise he needs might not come from his boss. It might come from owning a piece of what his labor builds. The economy already thinks like an owner. Time you did too.

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