🚀 Musk Just Promised Your Kid

AI is moving into the physical economy.  

Elon is building it. Jensen sees it in Agriculture. Washington is backing it. And DIT AgTech is already putting it to work in livestock. 

Most investors haven’t connected the dots yet. 

At $1 a share, you still can.

Connect the Dots

Elon Musk wants to give every kid in America a share of SpaceX.

One share. Per child. Starting next year.

And he says it's only the opening act.

In a post on X on Monday, Musk wrote: "Next year, I will give one of my SpaceX shares to every kid in America. This will be the first of many."

That's the whole plan, as far as anyone knows. No details on how the shares would be handed out. No word on which kids qualify.

The fine print is still somewhere in low Earth orbit.

SpaceX has roughly 8.1 billion shares outstanding, according to Bloomberg data.

America has roughly 73 million kids under 18. Give each of them one share and you've handed out under 1% of the company.

That's millions of new shareholders, and the cap table barely notices.

Imagine explaining equity to a seven-year-old who really just wanted a Lego rocket.

In July, SpaceX president Gwynne Shotwell and her husband pledged SpaceX shares to Trump Accounts for more than 2 million children aged 11 to 17.

Their focus: kids from lower-income communities.

SpaceX is becoming America's fairy godparent with a launch pad.

So will your kid be unwrapping rocket stock next year? Maybe. A few things are worth watching:

Until Musk shares the details, this is a very big promise with a very small instruction manual.

For US farm, ranch and outdoor businesses. Heat, cold and storms hit your costs whether you're ready or not. On Kalshi you can take a position on the weather that would hurt you, from a few dollars. If it happens, the payout offsets the hit. Federally regulated.

See how hedging works

France wants to make an entire generation permanently smoke-free. By law.

On October 15, a National Assembly committee backed a plan to ban tobacco sales to anyone born on or after January 1, 2009. For life.

Here's the twist: the ban would kick in on January 1, 2027. That's the exact day the oldest people in that group turn 18.

So they'd become adults and still never be allowed to buy a pack. 🚭

France's Social Affairs Committee adopted the amendment. The cut-off is permanent. Turning 18, 30 or 65 changes nothing.

Retailers who break the rule would pay a "social contribution" of 5% of their turnover from tobacco sales.

That money goes to national health insurance to fund prevention and public health.

So sell a pack to the wrong birthday and you're paying for the anti-smoking campaign. Poetic.

The UK passed almost the same law earlier this year. The Tobacco and Vapes Act got Royal Assent on April 29, 2026.

Same 2009 birth cut-off. Same January 1, 2027 start date.

France is basically copying the UK's homework. Normally that's frowned upon. In politics it's called "policy alignment."

But don't pop the champagne yet. Committee approval is only step one. BTIG analyst Owen Bennett says the amendment still has to:

That's four boss fights. Bennett says approval is "far from certain", but notes the policy has cross-party support. In French politics, getting parties to agree on anything is half the battle.

Based on French market share, the companies with the most sales at risk if this becomes law:

What it means for you: a generational ban leaves today's smokers alone. It shrinks the customer pool slowly, one birthday at a time.

So the near-term revenue hit is gradual. The bigger issue is the copycat effect. Two major European markets with the same rule starts to look like a template.

Tobacco stocks have long been sold on steady cash flow from a shrinking but loyal customer base. A ban like this squeezes the "replacement customers" part of that story.

The one to watch: does it clear the Senate? That's where it either becomes a trend or a footnote.

Big Tobacco's customers were already ageing out. Now their replacements are being legislated out too. 🫠

Gulf crude flows just got cut by more than half in a single week.

From over 20M barrels a day to about 8.5M, according to analytics firm Kpler.

So naturally, oil fell on Monday. Here's why.

Trump waived some sanctions and tariffs on Russia, potentially letting more Russian diesel flow into global markets.

It follows a deal with Putin to export diesel to the U.S. and other countries:

Sounds big. Then you do the maths.

At full speed, a whole month of Russian diesel is less than a single day's worth of the Gulf crude that's gone missing. (Diesel and crude aren't the same product, but you get the idea.)

That's bringing a water pistol to a house fire.

Phillip Nova's Priyanka Sachdeva called it a "desperate attempt" to keep oil prices in check before the U.S. midterms.

Her point: a diesel waiver does very little about the physical mess in the Strait of Hormuz.

Gas prices and elections have a long, unhappy marriage. Nobody wants to campaign with $100 oil on the scoreboard.

The market shrugged at best. WTI fell 0.8% to $100.61 and Brent slipped 1.5% to $108.22.

Because the supply news is getting worse, not better:

Nobody knows yet how badly that terminal is damaged. Oil traders hate "nobody knows" more than they hate bad news.

So the Russia waiver is a calming headline. The mines in the water are the actual story.

Oil still sits above $100, and Monday's dip doesn't change the supply picture much.

A few things worth watching:

The market is basically asking one question: does Hormuz calm down? Until it does, policy tweaks are noise.

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