Kevin Warsh Was Confirmed 3 Days Ago. Jerome Powell Stepped Down Yesterday. CPI Is at 3.8%. And Your Portfolio Hasn’t Adjusted Yet.

Elon’s SpaceX-xAI Orbital Mission Sparks Pre-IPO Opportunity - Round Almost Full

Dear Reader,

In February 2026, Elon Musk merged SpaceX and xAI, and announced plans to put AI computing infrastructure into orbit. His words: “Space-based AI is obviously the only way to scale.”

Big bet. But it raises one question nobody is asking: If AI lives in orbit, what does the human interface look like? Not a laptop. Not a phone. Spatial Computing. A virtual workspace where AI sees what you see and acts in real time.

That’s exactly what Immersed is building. 1.5M+ users on Apple, Meta AND Samsung. Curator AI agent — already live. Visor headset — already shipping. NASDAQ ticker $IMRS — reserved.

Intel’s ex-CEO invested. A multi-billionaire founder put in $2M+. The market is headed to $1 trillion by 2034. The round is nearly full.

You can still get in at $0.79/share, but not for long.

The biggest Fed leadership transition since 2018 happened in the last 72 hours. On Wednesday, the Senate confirmed Kevin Warsh as the 17th Chair of the Federal Reserve in a 54-45 vote. Yesterday, Jerome Powell’s term as chair officially ended. Powell is staying on as a governor — meaning for the first time in over 75 years, a former chair will sit in the room while his successor runs the meeting. Warsh’s first FOMC meeting is next month.

What this means for your retirement accounts: Warsh inherits the most divided FOMC in 34 years. At Powell’s final meeting (April 29), three members dissented because the policy statement was too dovish — they believed the committee should not even hint at future rate cuts. Only one member advocated cutting. CPI sits at 3.8% — double the Fed’s 2% target. The Strait of Hormuz is blocked, choking global oil supply and sending energy prices surging. Two-year Treasuries spiked to 4%+ this week — the highest year-to-date. Less than 3% of investors expect a rate cut at any remaining 2026 meeting. The Motley Fool reported two days ago that rates “may not drop this year, and even possibly next year.”

Why this matters if you hold index funds: RSM chief economist Joseph Brusuelas warned yesterday: “The recent rise in market-based breakeven inflation rates strongly implies that Warsh and the FOMC will have to prepare for the chance that inflation will continue to rise and that the Fed will have to shift its policy.” Warsh testified at his confirmation hearing that “inflation is a choice.” He may now have to prove he believes it. The assets that perform best during Fed leadership transitions and rate uncertainty are the ones that sit outside the interest rate machinery entirely — and the opportunities that do not depend on Powell, Warsh, or any FOMC vote to generate returns.

The investments that are immune to Fed uncertainty are the ones built on technology fundamentals, not monetary policy. The SpaceX-xAI merger created the world’s first vertically integrated orbital AI company — and the spatial computing interface layer it requires is not rate-sensitive.

[AD] In February 2026, Elon Musk merged SpaceX and xAI, and announced plans to put AI computing infrastructure into orbit. His words: “Space-based AI is obviously the only way to scale.” Big bet. But it raises one question nobody is asking: If AI lives in orbit, what does the human interface look like? Not a laptop. Not a phone. Spatial Computing. That’s exactly what Immersed is building. 1.5M+ users on Apple, Meta AND Samsung. Curator AI agent — already live. Visor headset — already shipping. NASDAQ ticker $IMRS — reserved. Intel’s ex-CEO invested. A multi-billionaire founder put in $2M+. You can still get in at $0.79/share, but not for long. ➡ Invest Before the pre-IPO Window Closes.

SpaceX Merged with xAI for $1.25 Trillion. The Orbital Data Center Plan Is Not Science Fiction. And It Does Not Care What the Fed Does.

Via Satellite’s February analysis noted that “orbital data centers remain economically unproven” but called them “a strategic option on a future infrastructure layer.” Futurum Group called the merger “a vertically integrated powerhouse” that gives SpaceX “direct control over AI models that can optimize satellite operations, resource management, and autonomous systems in space.” What this means for your portfolio: The terrestrial power grid cannot support half of the AI data centers planned for 2026. The Strait of Hormuz crisis is making energy more expensive. The Fed cannot cut rates because CPI is at 3.8%. But orbital computing sidesteps all three constraints: it uses solar power (free), space cooling (free), and SpaceX launch costs (self-controlled). The companies building the human interface for orbital AI — spatial computing platforms — are the infrastructure layer that does not depend on any of the factors currently threatening your traditional portfolio.

Every Major Fed Transition in the Last 20 Years Has Created Trading Opportunities. One Ticker Has Moved with Every Single One.

Why this matters if you’re retired or near retirement: Warsh testified that “the president never asked me to predetermine, commit, fix, decide on any interest rate decision.” But Fortune reported yesterday that the “dominoes are steadily falling in the path of the rate cuts Trump wants to see.” The tension between political pressure for cuts and economic data demanding holds creates the exact environment where specific assets move with precision. CBS News noted that “a change in Fed leadership could have far-reaching consequences for almost all consumer borrowing costs and savings rates.” The traders who have tracked the historical pattern know: every time the Fed has made a major move, certain tickers have moved with it — and the profits have been extraordinary.

“I’ve been tracking this one ticker for years. Right now, it’s the best setup I’ve ever seen.”

It has nothing to do with AI, tech, or precious metals. Most investors have never heard of it.

But every time the Fed has made a major move, this ticker has moved with it… and the profits have been extraordinary.

117% in under a month. 89% in seventeen days. 35% in two days.

Now Trump is triggering the biggest Fed shift in nearly 20 years.

Two Kinds of Opportunities. One Fed Transition. Neither Depends on What Warsh Decides.

What this means for your portfolio: The protection-first approach to the Warsh transition addresses both sides. Pre-IPO positions in spatial computing and orbital AI infrastructure are immune to interest rate decisions — they move on technology adoption, not FOMC votes. Simultaneously, specific assets that have historically moved with every major Fed shift provide a defined opportunity to capture the volatility that the leadership transition creates. One position protects by sitting outside the rate machinery. The other profits by sitting inside it. Both are available right now. Both become less available as the market processes the transition that just happened 72 hours ago.

“I’ve been tracking this one ticker for years. Right now, it’s the best setup I’ve ever seen.”

Warsh confirmed 54-45 on Wednesday. Powell stepped down yesterday. CPI at 3.8%. Strait of Hormuz blocked. FOMC divided. One ticker has moved with every major Fed shift: 117% in under a month. 89% in seventeen days. The biggest Fed shift in nearly 20 years just happened.

Bottom Line

Kevin Warsh was confirmed as the 17th Fed Chair by a 54-45 Senate vote on Wednesday. Jerome Powell’s term ended yesterday. CPI sits at 3.8% — double the Fed’s 2% target. The Strait of Hormuz is blocked, choking oil supply and sending energy prices surging. Two-year Treasuries spiked to 4%+. Less than 3% of investors expect a rate cut at any remaining 2026 meeting. The FOMC is the most divided since 1992 — three members dissented at the last meeting because the statement was too dovish. This is the biggest Fed leadership transition since 2018, and Warsh inherits the hardest policy environment any chair has faced since Bernanke in 2008.

The investments that are immune to this uncertainty are the ones built on technology fundamentals, not monetary policy. In February 2026, Elon Musk merged SpaceX and xAI, and announced plans to put AI computing infrastructure into orbit. His words: “Space-based AI is obviously the only way to scale.” If AI lives in orbit, the human interface is spatial computing. That’s exactly what Immersed is building — 1.5M+ users, Visor headset already shipping, Curator AI agent already live, NASDAQ ticker $IMRS reserved. Intel’s ex-CEO invested. Pre-IPO at $0.79/share. The round is nearly full. Orbital AI infrastructure does not depend on what Warsh does at the June FOMC meeting.

Simultaneously, the Fed transition itself creates a defined trading opportunity for specific assets that move with rate policy shifts. Every time the Fed has made a major move, this ticker has moved with it — 117% in under a month, 89% in seventeen days, 35% in two days. Now Trump is triggering the biggest Fed shift in nearly 20 years. The Warsh confirmation, the Powell departure, the 3.8% CPI, the Hormuz crisis, and the divided FOMC are all happening within the same week. The historical pattern is documented. The setup is forming right now.

When the Fed changes leadership during an energy shock, with inflation at double the target, and the committee more divided than at any point in 34 years — the protection is being positioned on both sides: in the technology that does not depend on interest rates, and in the asset that profits from the uncertainty itself. Both are available today. Warsh’s first meeting is next month. The market has not yet priced in what happens when a new chair faces a divided committee, a president demanding cuts, and data demanding holds. The investors who positioned before the last three transitions captured the volatility. The investors who waited absorbed it.