SpaceX's historic listing could trigger a wave of AI deals in the upcoming week, according to CNBC's Jim Cramer. The listing may prompt Anthropic, the developer of the Claude AI model, to expedite its IPO timeline. Cramer also suggested that a potential Middle East peace deal could lower oil prices, thus easing inflation and bolstering the case for rate cuts.

Crude Oil Prices Decline

Major crude oil benchmarks experienced a decline as investors anticipated a potential U.S.-Iran deal. The global benchmark, Brent, fell to $84, its lowest level since April 17. Meanwhile, the West Texas Intermediate (WTI) dropped for three consecutive days, reaching a low of $81.

SpaceX's Next Profit Driver

Early SpaceX investor Gavin Baker predicts that a global compute shortage will make space-based infrastructure a lucrative venture. He estimates that SpaceX's Starship, once reusable, could reduce launch costs to $5 billion per gigawatt, making orbital compute half as expensive as Earth-based compute.

Political and Economic Commentary

Former Secretary of State Hillary Clinton criticized President Donald Trump's "I love the inflation" remark, comparing it to Marie Antoinette's "let them eat cake." She suggested the comment reflects a lack of understanding of the financial pressures faced by American households.

Former White House economic adviser Larry Kudlow suggested that Trump's covert efforts to maintain oil flow through the Strait of Hormuz may have averted a major energy crisis. Trump revealed the U.S. military's role in safely transiting over 200 commercial ships carrying 100 million barrels of oil through the waterway, which may have eased inflation pressures and reduced the need for aggressive Federal Reserve action.

Consumer prices for computer software and accessories rose 14.5% year-over-year in May, marking the largest annual increase in data dating back to 2000. The surge reflects significant inflationary pressure within the technology sector as artificial intelligence infrastructure demands reshape global supply chains. Producer prices for electronic components also hit a record, climbing 27% year-over-year during the same period.

The data, sourced from the Bureau of Labor Statistics' May Consumer Price Index report and highlighted by The Kobeissi Letter, indicates that hyperscalers are driving the price increases. Companies including Microsoft Corp., Amazon.com Inc., and Alphabet Inc. have continued large-scale AI data center investments throughout 2025 and 2026. These investments are absorbing most of the global chip supply, constraining availability for other markets.

Specific hardware components have experienced extreme price volatility. DDR5 and DDR4 random access memory (RAM) prices surged 290% year-over-year as AI data centers prioritize these components for their operations. This absorption of supply has created a bottleneck that has rippled through the broader electronics market, contributing to the record rise in producer prices.

The inflationary impact extends beyond the technology sector. The overall U.S. Consumer Price Index climbed 4.2% year-over-year in May, the hottest reading since April 2023. Energy costs rose 23.5% year-over-year, driven largely by the ongoing Iran War. The broader Producer Price Index rose 6.5% year-over-year in May, up from 5.7% in April, representing the highest reading since December 2022.

Economists anticipate these price pressures will persist. The Kobeissi Letter projects that the current increases could keep inflation elevated into 2027, compounding the existing pressure from energy costs. The Federal Reserve is widely expected to hold interest rates at incoming Chair Kevin Warsh's first meeting on Jun. 17, though futures markets are pricing in rising odds of a rate hike later in 2026.

Key Inflation Metrics