WHAT’S INSIDE:

Feature: US Oil Reserves Running On Empty?

Top Tech News: OpenAI’s 5% US stake, Dow record, 57K jobs miss, Trump trades, Google $4.7B EU loss

Company Watch: OpenAI gov stake, Bending Spoons $18B IPO, Kling AI $15B, MGX $49B

Buzzy Tools: Gemini Spark Mac, Claude Fable on AWS, $399 Xgimi glasses, Proton Lumo

Buzzy Tech: Beef futures, Ant humanoids, Meta glasses SaaS, China AI espionage, SpudCell

Crypto: Trump’s $1.4B crypto, SECZ on-chain IPO, Polymarket probe, Erebor $8B

IN PARTNERSHIP WITH ENERGYX

The 1,700% Lesson From SpaceX’s IPO

SpaceX IPO’d at a $1.75T valuation. Three business days later, they were the sixth-most valuable public company.

Those who bought at the opening bell saw a 40% gain. Andreessen Horowitz, who invested back in 2023? 1,700%+. The lesson? Today’s biggest growth comes at the private stage. 

Now, a similar dynamic’s playing out in lithium, where industry giants General Motors and POSCO backed $1B+ private unicorn EnergyX. Except this time, you can join them.

EnergyX’s patented tech can recover up to 3X more lithium than traditional methods. And with lithium prices up 75% this year and demand projected to grow 5X by 2040, they’re perfectly positioned.

After opening America’s largest lithium production demo facility of its kind, EnergyX just announced plans for their second US project. Now, they’re preparing to unlock up to 15M+ tons across the Americas. 

Become a private-stage EnergyX investor before the 7/16 deadline.

_{*Energy Exploration Technologies, Inc. (“EnergyX”) has engaged TechBuzz to publish this communication in connection with EnergyX’s ongoing Regulation A offering. TechBuzz has been paid in cash and may receive additional compensation.TechBuzz and/or its affiliates do not currently hold securities of EnergyX.}

_{This compensation and any current or future ownership interest could create a conflict of interest. Please consider this disclosure alongside EnergyX’s offering materials. EnergyX’s Regulation A offering has been qualified by the SEC. Offers and sales may be made only by means of the qualified offering circular. Before investing, carefully review the offering circular, including the risk factors. The offering circular is available at invest.energyx.com/.}

_{Comparisons to other companies are for informational purposes only and should not imply similar results. Past performance is not indicative of future results. Market shortfall are forward‑looking estimates and are subject to substantial uncertainty.}

Top Technology News

Markets Mixed — Dow +1% hits record while Nasdaq -0.8% with Tesla -7%, AMD, Micron, Intel falls as 57K jobs ease Fed rate hike fears with US-Iran talks boosting oil.

Jobs Miss 57K — June adds just 57k non-farm payrolls far below forecast with unemployment dropping to 4.2% as 720k workers exit labor force, wages up 3.5%.

Trump’s Trades — Pres. Trump executed over 21,000 trades in 2025 ($600M -$1.86B), many correlating with market volatility, earning at least $1.4B from crypto.

Google EU Loss — Google loses $4.7B EU antitrust appeal with court upholding ruling over Android practices potentially forcing changes in licensing, bundling.

OpenAI Gov Deal — Altman proposed a historic deal granting the US government 5% equity stake forming public-private partnership to boost regulation, & nat security.

Trump Accounts — Launch July 4 investing in State Street SPDR S&P 500 ETF with $1,000 Treasury contribution for babies born 2025-2028 allowing $2,500 annual contributions from families, employers.

US Oil Reserves Running On Empty?

The Tech Buzz Editorial

The Strategic Petroleum Reserve is closer to empty than anyone's admitting, Gulf states can't recycle $3T oil profits into Wall Street if the oil isn't moving.

America's emergency oil tank is nearly dry. Strip away the legal minimums and structural buffers from the Strategic Petroleum Reserve and roughly 1.5 weeks of usable supply remains at the current drawdown pace. The pause in the Gulf was supposed to buy time to refill it. The ships needed to do that are not sailing.

According to energy analyst Chris Martenson, the SPR held 331M barrels at last count, which sounds like plenty until you do the subtraction. The Department of Defense holds first claim on 243M barrels by law, and we are currently still on war footing, so they need it. Another 71M sits below the structural safety line. That leaves about 88M usable barrels, draining at up to 9M barrels a week. Do the math on a napkin. The napkin wins.

The storage itself is also disposable. Most of the SPR lives in salt caverns, and salt caverns behave like toothpaste tubes. Squeeze one flat and it stays flat. A full drawdown permanently deletes about 130M barrels of capacity, 18% of America's emergency cushion, gone for good. Meanwhile the above-ground tanks at Cushing, Oklahoma are scraping bottom, where what remains is sludge no refiner will touch.

The Refill Plan?

JD Vance said the quiet part out loud again this week, admitting the whole point of the Iran war pause was to "take a lot of pressure off of the world economy" and top the US reserves back up. Honest maybe, but also impossible.

About 14 ships a day are currently passing the Strait of Hormuz. Replacing five months of lost capacity would take roughly 150 ships a day. Iran's tankers are moving. US-bound cargoes are not. And Iran can read a shipping manifest as well as anyone. Its cheapest strategy is patience: let Washington drain its own cushion to keep pump prices politically comfortable, then apply pressure once nothing is left in the tank. China is burning its own stockpile to hand the US a 60-day grace period, and grace periods from Beijing are never free. 

Petrodollar Crisis Continues

Since the 1970s the arrangement has been simple. Gulf states sell oil, then park the profits in US Treasuries and Wall Street. Oil that stops moving produces profits that stop recycling.

Saudi Arabia and the UAE had pledged about $1.8T in US AI and business investment plus another $1T in weapons purchases. Call it nearly $3T of expected inflows, now stranded on the wrong side of a chokepoint. If some of that money was underwriting your favorite data center deal or AI infrastructure round, this is the month to reread the term sheet.

Treasury Secretary Scott Bessent's new $20B swap line with the Gulf tells you how nervous the US is. Twenty billion cannot fill a three trillion dollar hole. This is a flare fired over Wall Street: the printer is warm, and the Treasury will run it as long as necessary.

Paper Oil, Meet Physical Reality

Futures screens show crude around $68 to $70 based largely on optimism about the MOU despite a lack of implementation, or seemingly, any genuine intent to ever do so on our part. Refiners buying actual barrels are paying the equivalent of $110 to $115. Between those two numbers sits one of the strangest setups in modern markets. Managed money holds $19B in shorts on Brent, and the main oil ETF (USO) is 93% short, concentration last seen when Reddit turned GameStop into a rocket ship. If physical scarcity forces the algorithms to flip, the margin calls will be biblical, and the fire will spread well past energy. Rate desks, mortgage books, and anyone borrowing against a calm Treasury market could get burnt too.

Ignore the pump price. The quieter problem is heavy crude. Domestic wells pump plenty of the light stuff that becomes gasoline, so the pump price looks reassuring. Refineries also need heavier imported grades, and inventories of refined products sit at 10-year lows while refineries run flat out. The pump is the last place a shortage appears. By then, everyone knows.

What to Watch

Three numbers will tell the truth before any press conference does: the weekly EIA reserve report, Hormuz transit counts, and foreign purchases of Treasuries. Cheap gas today is a loan from the emergency tank, repayable later at roughly a 20% premium. Producers holding real barrels, think Equinor, Suncor, Petrobras, should ride out a squeeze far better than leveraged paper. And if Gulf capital stays stuck, borrowing costs from mortgages to construction loans will feel it before year end. And, for that matter so will the AI sector.

Companies To Watch

Latest deals and trending companies

Open Deal

Higgsfield AI $5B — The San Fran video startup in talks to raise $300-$500M at quadrupled valuation with $500M monthly revenue run rate up from $200M this year.

Big Movers

OpenAI Gov Stake — Offering 5% equity stake to US sovereign wealth fund signaling strategic shift to include government-backed capital impacting governance.

Bending Spoons $18B — European tech company achieves $18B Nasdaq IPO with founder sharing "failure playbook" of strategic pivots, lessons from setbacks.

Kling AI $15B — Kuaishou spinoff raised $2B at valuation with $500M ARR, Q1 revenue 650M yuan marking 300% YoY growth competing with Seedance.

Quantum Systems $1.2B — Secured funding for autonomous drones, deep-tech, military AI amid growing geopolitical, VC interest in defense technology.

Anthropic-Samsung Chip — Anthropic in talks with Samsung to create custom AI chip following OpenAI-Broadcom to align with industry shift towards bespoke silicon.

Together AI $8.3B — The open source AI infrastructure provider secured $800M boosting its valuation in competitive AI inference cloud market.

AI2-X Square $2.8B — Chinese robotics firms reached valuation advancing AlphaBot 2, Quanta humanoid platforms targeting industrial, service, household.

MGX $49B AI Fund — UAE fund closes one of largest tech-focused funds ever emphasizing frontier AI investments supported by sovereign-wealth capital.

Buzzy Tools & Tech

The Latest Trending Tools & Cutting Edge Technology Developments

Buzzy Tools

Buzzy Tools To Watch and Try Today

Musk Denies AI Phone — Musk calls SpaceX AI smartphone reports "utterly false"

Claude Fable Returns — Claude Fable 5 returns to AWS Bedrock post-export ban

Gemini Spark Mac — Gemini Spark now on macOS challenging Siri with 24/7 tasks

Xgimi Glasses — MemoMind One at $399 with cam-free AI, translation, navigation

Proton Lumo 2.0 — Privacy-first AI chatbot using Swiss data centers, EU privacy

Buzzy Technology

Buzzy Tech Discoveries and Breakthroughs Trending Today

Beef Futures — New CME contract manages beef price risk amid supply constraints

Ant Humanoids — Ant Group invests $74M in humanoid warehouse automation

Meta Glasses SaaS — AI subscription model turns smart glasses into SaaS

China AI Espionage — AI tools target semiconductors, startups, national security

Memory Price War — Micron CEO warns price wars cause supply disruptions

Disc Era Ending — Sony ends PlayStation discs, Microsoft pushes disc-to-digital

Synthetic Cell — SpudCell - a first ever synthetic cell enables modular programming

Cryptocurrency News

The Latest News in Crypto & Blockchain

Trump Crypto $1.4B — Trump built a $1.4B crypto empire through memecoins, Bitcoin, Ethereum with 49% stake sale in World Liberty Financial, indirect exposure via MicroStrategy, Coinbase, Robinhood.

Securitize On-Chain — Listed on NYSE as SECZ while issuing tokenized stock on Avalanche, Solana becoming first public company to issue shares on-chain from inception.

JPMorgan BTC Warning — JPMorgan cautions Strategy's selective Bitcoin sales policy may increase volatility advising 24-36 months cash reserves to mitigate risk, enhance investor confidence.

Erebor Bank $8B — Palmer Luckey-founded bank in talks doubling valuation from $4.35B offering blockchain payments, crypto-collateralized loans, AI financing with $4B+ deposits, 400 new customers.

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