My mid-week morning reads: • SpaceX: Here’s What You Get For $1.75 Trillion : The largest IPO in history. Here are the numbers that matter. A clean bottoms-up breakdown of the SpaceX IPO valuation by segment — launch, Starlink, contracts, “AI infrastructure.” Useful for the math beneath the headline. ( Fiscal.ai ) • How Prediction Markets and Crypto Firms Steamrolled a Watchdog Agency : The NYT on the CFTC’s quiet capitulation to Polymarket and the broader crypto bloc. The cop on the beat got bought, lobbied, and reorganized; the only surprise is how openly. ( New York Times ) see also Stealth Deregulation & Institutional Decay : Dave Nadig with a sharp piece on how regulatory rollback is happening through staffing cuts, missed deadlines, and quiet non-enforcement rather than headline rule changes. The decay is the policy. ( Dave Nadig ) • The Secret Team Blowing Up Ford’s Assembly Line to Make a $30,000 Electric Truck : 3 a.m.…