Hey Nutters. ☕🥜

Today's edition proves one thing:

AI isn't just a software race anymore. It's becoming an infrastructure war.

🚀 SpaceX wants to move data centers into orbit.

🇮🇳 Meta is quietly building AI infrastructure across India.

⚽ Investors are turning the World Cup into an investment strategy.

And inflation? It just reminded everyone it isn't finished yet.

Let's dive in.

Elon Musk has never been known for thinking small.

Electric cars.
Reusable rockets.
Mars.

Now?

Orbital AI data centers.

Just days before its highly anticipated IPO, SpaceX unveiled AI1—a satellite designed to function as a fully operational AI data center in orbit.

It sounds like science fiction.

SpaceX says it's engineering reality.

Instead of building another warehouse full of GPUs on Earth, SpaceX wants to place AI compute above the atmosphere.

The satellite is designed with:

☀️ Massive solar panels for continuous power

❄️ Giant radiator systems for cooling

🔦 Laser communication links instead of traditional antennas

🔄 Swappable chip modules that can be upgraded over time

The first version is expected to deliver:

⚡ 150kW peak power

🧠 120kW sustained AI compute

Unlike terrestrial data centers, AI1 never worries about cloudy weather, crowded electrical grids, or local zoning battles.

SpaceX isn't stopping with one satellite.

The company is planning a massive manufacturing facility in Bastrop, Texas, dedicated entirely to producing AI satellites at scale.

That matters because today's AI boom has a growing bottleneck:

Power.

Every major AI company is fighting for electricity, cooling, land, and permits.

SpaceX wants to sidestep the problem entirely.

By placing compute in orbit, it believes AI infrastructure can scale without competing for Earth's increasingly limited resources.

For years, SpaceX launched satellites into space.

Its next business could be selling computing power from space.

The next AI cloud provider might not live on Earth.

The 2026 FIFA World Cup officially kicks off this week across the United States, Canada, and Mexico.

Fans are preparing for goals.

Wall Street is preparing for profits.

FIFA estimates this year's tournament could generate nearly $41 billion in global economic activity, making it one of the biggest sporting events in history.

But history suggests something surprising.

Researchers studying decades of World Cup tournaments found that stock markets often decline after national teams are eliminated.

Victories rarely create a meaningful rally.

Losses, however?

They leave investors gloomy—and gloomy investors tend to make conservative financial decisions.

Historically:

📉 The U.S. market averaged a 2.6% decline during World Cup tournaments.

📉 During the 2022 knockout rounds, the S&P 500 fell 5.4%, despite broader bullish conditions.

With more than 75% of tournament matches taking place inside the United States, investor psychology could play an even larger role this year.

Some businesses don't need their teams to lift the trophy.

They simply need fans to keep watching.

Analysts expect more than 1 billion pints of beer to be consumed throughout the tournament.

That puts companies like Anheuser-Busch InBev in prime position.

Meanwhile:

👟 Nike and Adidas could receive a 3–4% merchandise sales boost.

🥤 Coca-Cola benefits from increased stadium and retail spending.

💳 Visa expects stronger transaction volumes as international tourism accelerates.

Even publicly traded football clubs like Manchester United and Borussia Dortmund could benefit if their players become breakout stars during the tournament.

The World Cup may crown one champion.

Wall Street is trying to identify several.

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Meta quietly announced its first AI data-center partnership in India.

Its partner?

Reliance Industries.

Its location?

Jamnagar, Gujarat.

Its size?

168 megawatts.

That may sound like a facilities announcement.

It's actually a geopolitical story.

Meta will lease capacity inside Reliance's new AI-enabled campus.

Reliance will build and operate:

🏗️ The facilities

⚡ Renewable energy systems

🌊 Cooling powered by desalinated seawater

🌐 Network infrastructure

Meta simply brings the workloads.

Even bigger?

The company has already secured nearly 1 gigawatt of renewable energy across India to support future AI expansion.

India currently operates roughly 1.5 gigawatts of data-center capacity.

By 2030?

That number could exceed 8 gigawatts.

The country already possesses many of AI's critical ingredients:

⚡ Energy

🌎 Land

💧 Water

👩‍💻 Engineering talent

🏛️ Government support

Instead of merely becoming an AI software market, India is positioning itself as one of the world's largest AI infrastructure hubs.

The companies that own tomorrow's AI infrastructure may become even more valuable than the companies building tomorrow's AI models.

U.S. inflation accelerated to 4.2% in May, marking its fastest pace in more than three years. Energy prices accounted for over 60% of the monthly increase, with gasoline soaring 40.5% year over year. Investors increasingly believe the Federal Reserve will keep interest rates elevated for longer, reducing hopes for near-term rate cuts and keeping pressure on both consumers and financial markets.

The global chip shortage may be over, but its consequences aren't. Roughly 8 million vehicles were never produced during the pandemic, leaving today's used-car market chronically undersupplied. Nearly 30% of Americans trading in vehicles now owe more than their cars are worth, with average negative equity climbing to $7,200, making upgrading to newer vehicles increasingly difficult.

Nvidia expanded beyond AI chips by investing in Neura Robotics, helping the German robotics company reach a valuation of roughly $7 billion. Robotics startups have already raised $55.8 billion during 2026, nearly doubling last year's record. Investors increasingly view robotics as AI's next trillion-dollar frontier after large language models.

Amazon rolled out its less-than-truckload freight service nationwide, immediately rattling transportation stocks. Shares of Old Dominion, Saia, and XPO all declined as investors worried Amazon could eventually disrupt another major logistics industry the same way it transformed retail, cloud computing, and package delivery.

Oracle reported record quarterly revenue of $19.2 billion, but the real headline was its exploding AI demand. The company's contract backlog surged 363% to an astonishing $638 billion, prompting management to prepare nearly $90 billion in capital spending during fiscal 2027 as it races to build enough cloud infrastructure for enterprise AI customers.

The CFTC unveiled proposed regulations that would expand legal prediction markets while drawing clear boundaries around controversial contracts. Sports prediction markets would become more widely available, while bets tied to war, terrorism, assassinations, or easily manipulated events would face tighter restrictions as regulators attempt to balance innovation with market integrity.

Robinhood shares gained after regulators approved the company to officially underwrite IPOs. Instead of simply allowing customers to trade newly listed stocks, Robinhood can now help companies go public directly. With blockbuster IPOs from companies like SpaceX and OpenAI expected over the coming year, the approval positions Robinhood to capture a much larger slice of Wall Street's deal-making business.

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Today's biggest story isn't AI.

It's where AI will physically live.

🚀 SpaceX wants orbit.

🇮🇳 Meta wants India.

⚡ Everyone else wants electricity.

The next decade won't simply be about building smarter models.

It'll be about building the infrastructure that powers them.

Thanks for reading Cash Nut! 💰🥜

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We'll be back tomorrow with another bite-sized breakdown of the biggest stories moving markets.