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Elon Musk's Best Friend Is About to Make Over $100B
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Plus: Where the best business ideas come from, why Apple's top exec uses a Whoop, and 100 businesses you can start under $100. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
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MAY 27, 2026
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<p style="font-weight: bold; font-size: 15px; margin-bottom: 10px; color: #0073e6;">
What's on deck today:
</p>
<ul style="margin-top: 0; margin-bottom: 0; padding-left: 22px; color: #333333;">
<li>
A $4B startup laid off 22% to pay remaining staff $1M salaries
</li>
<li>
Where the best business ideas really come from
</li>
<li>
Why Apple's top executive uses a Whoop
</li>
<li>
100 businesses you can start with less than $100
</li>
</ul>
<hr style="border: 0; border-top: 1px solid #e0e0e0; margin: 18px 0;"/>
<p style="font-weight: bold; font-size: 15px; margin-bottom: 10px; color: #0073e6;">
Market snapshot:
</p>
<ul style="margin-top: 0; margin-bottom: 0; padding-left: 22px; color: #333333;">
<li>
S&P 500
<span style="color: #008000;">
▲ 0.66%
</span>
</li>
<li>
Dow Jones
<span style="color: #cc0000;">
▼ 0.17%
</span>
</li>
<li>
NASDAQ
<span style="color: #008000;">
▲ 1.16%
</span>
</li>
</ul>
<hr style="border: 0; border-top: 1px solid #e0e0e0; margin: 18px 0;"/>
<p style="margin-top: 0; margin-bottom: 10px; color: #333333;">
<b>
Summer is a great time to start something.
</b>
For a limited time, we're offering 33% off an Entrepreneur+ membership — unlimited access to expert strategies, real-world insights, and the playbooks that help you build and grow. Cancel anytime.
</p>
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<a data-hs-link-id="0" data-hs-link-id-v2="nizKqdw6" style="color:#0073e6; text-decoration:none; font-weight:bold" target="_blank">
Grab the deal →
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<a data-hs-link-id="0" data-hs-link-id-v2="XGkXpFGr" rel="noopener" style="text-decoration:none; font-weight:bold; color:#000000" target="_blank">
He Loaned Elon Musk $1 Million When Tesla Was Nearly Bankrupt — Now He’s About to Make More Than $100 Billion
</a>
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<br/>
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</span>
</h2>
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<span style="font-weight: bold;">
It pays to have friends in high places
</span>
— and if your best friend happens to be the
</span>
<a data-hs-link-id="0" data-hs-link-id-v2="tWOQY2Q+" style="color:#193cb8" target="_blank">
richest man in the world
</a>
,
<span style="color: #000000;">
that’s even better. Antonio Gracias is Elon Musk’s best friend. The two met through the Silicon Valley web at the turn of the century, when Tesla was
</span>
<a data-hs-link-id="0" data-hs-link-id-v2="9o0nJM+8" style="color:#193cb8" target="_blank">
teetering on bankruptcy
</a>
.
<span style="color: #000000;">
Gracias loaned Musk $1 million to keep the company alive. Since that time, he has sat on the boards of Tesla, SpaceX, SolarCity, Neuralink and The Boring Company.
</span>
</p>
<p bgcolor="#ffffff" style="color:#364153; background-color:#ffffff; line-height:150%">
</p>
<p bgcolor="#ffffff" style="color:#364153; background-color:#ffffff; line-height:150%">
<span style="color: #000000;">
Now he is poised to make as much as $140 billion from SpaceX’s IPO,
</span>
<a data-hs-link-id="0" data-hs-link-id-v2="lzz7mwVt" style="color:#193cb8" target="_blank">
according to Fortune
</a>
.
<span style="color: #000000;">
His firm, Valor Equity Partners, collectively holds more than 500 million shares of SpaceX Class A stock. At the $1.75 trillion valuation SpaceX is targeting, his stake could make him one of the 50 wealthiest people alive. His firm also signed three equipment lease agreements with SpaceX, obligating the company to pay Valor close to $20 billion over their terms.
</span>
</p>
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</p>
<p bgcolor="#ffffff" style="color:#364153; background-color:#ffffff; line-height:150%">
<span style="color: #000000;">
Those Valor leases have alarmed corporate governance experts. Nell Minow, chair of ValueEdge Advisors, told Fortune they were “deeply troubling.” SpaceX’s auditor, PwC, refused to treat the deals as normal leases and instead called them “failed sale leasebacks,” forcing SpaceX to record $9 billion as related-party debt payable to the firm of one of SpaceX’s own directors.
</span>
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Business news
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This $4 Billion Startup Just Laid Off 22% of Employees — So It Can Offer Remaining Staff $1 Million Salaries
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The CEO said the company’s layoffs were part of an AI-focused restructuring.
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<tbody>
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<td style="font-family:Helvetica, Arial, sans-serif; font-size:15px; color:#000000; word-break:break-word; width:100%; margin:0 auto" width="100%">
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</a>
<p class="tk-sofia-pro" style="margin: 8px 0; color:#0F172A;font-size: 19px; line-height: 25.5px;vertical-align:middle;font-weight: 600;">
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<p class="roboto" style="margin:0;line-height:22px;color:#374151;font-size:16px;">
Here’s what aspiring entrepreneurs can learn from them.
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<p style="font-size:1px;border-top:1px solid #CBD5E1;width:100%;margin:0 auto;">
</p>
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</div>
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<tbody>
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<table style="margin: 0 auto; border-spacing: 0;max-width:600px; width: 100%;">
<tbody>
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<td style="font-family:Helvetica, Arial, sans-serif; font-size:15px; color:#000000; word-break:break-word; width:100%; margin:0 auto" width="100%">
<a data-hs-link-id="0" data-hs-link-id-v2="D7izgG2X" style="display:block; margin:0; padding:0; text-transform:uppercase; text-decoration:none; color:#2463EB; font-size:14px; font-weight:600; letter-spacing:1px; vertical-align:text-bottom" target="_blank">
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Leadership
</a>
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Working Hard Isn’t Enough — Why Self-Awareness Is What Actually Moves Your Career Forward
</a>
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<p class="roboto" style="margin:0;line-height:22px;color:#374151;font-size:16px;">
Why high performers stall despite doing everything “right.”
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How Success Happens
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All New Weekly Episodes
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Hear about the inspiring, entertaining, and unexpected journeys that influential leaders traveled on their way to becoming household names.
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</div>
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<tbody>
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<p style="font-size:1px;border-top:1px solid #CBD5E1;width:100%;margin:0 auto;">
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</div>
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<tbody>
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<td class="hs_padded" style="font-family:Helvetica, Arial, sans-serif; font-size:15px; color:#000000; word-break:break-word; padding:10px 20px 10px 10px">
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<h2 align="left" style="margin:0; line-height:150%; text-align:left; font-weight:bold; font-size:13px">
<span style="color: #000000; font-family: Helvetica, Arial, sans-serif;">
<span style="color: #000000;">
📈
<span style="font-weight: normal;">
TECH
</span>
<span style="font-weight: normal;">
BREAKDOWN
</span>
</span>
</span>
</h2>
<h2 align="left" style="margin:0; line-height:150%; text-align:left; font-weight:normal; font-size:22px">
<span style="font-family: Tahoma, sans-serif;">
<span style="font-family: Georgia, serif;">
<span style="font-family: Tahoma, sans-serif;">
<span style="color: #000000;">
<a data-hs-link-id="0" data-hs-link-id-v2="1WIrN6GG" rel="noopener" style="text-decoration:none; font-weight:bold; color:#000000" target="_blank">
Apple’s Top Executive Uses a Whoop — What That Says About the Company’s $100 Billion Apple Watch Problem
</a>
</span>
</span>
</span>
</span>
</h2>
</div>
</div>
</td>
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<td align="center" class="hs_padded" style="font-family:Helvetica, Arial, sans-serif; color:#000000; word-break:break-word; text-align:center; padding:5px 10px; font-size:0px" valign="top">
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</td>
</tr>
</tbody>
</table>
</div>
<table cellpadding="0" cellspacing="0" class="" role="presentation" style="" width="100%">
<tbody>
<tr>
<td class="hs_padded" style="font-family:Helvetica, Arial, sans-serif; font-size:15px; color:#000000; word-break:break-word; padding:10px">
<div class="hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_module" data-hs-cos-general-type="widget" data-hs-cos-type="module" id="hs_cos_wrapper_module_17794978135391" style="color: inherit; font-size: inherit; line-height: inherit;">
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<p bgcolor="#ffffff" style="color:#364153; background-color:#ffffff; line-height:150%">
<span style="color: #000000;">
<span style="font-weight: bold;">
Apple Watch needs to watch its back
</span>
. A
</span>
<a data-hs-link-id="0" data-hs-link-id-v2="jUSu3t7e" style="color:#193cb8" target="_blank">
scathing critique in Bloomberg
</a>
<span style="color: #000000;">
by Mark Gurman warns how the company “risks falling behind in the next phase of the industry it helped create” as competitors like
</span>
<a data-hs-link-id="0" data-hs-link-id-v2="1UMStbEm" style="color:#193cb8" target="_blank">
Whoop
</a>
<span style="color: #000000;">
and
</span>
<a data-hs-link-id="0" data-hs-link-id-v2="YoQnhs2g" style="color:#193cb8" target="_blank">
Oura
</a>
<span style="color: #000000;">
redefine wearables with screenless devices.
</span>
</p>
<p bgcolor="#ffffff" style="color:#364153; background-color:#ffffff; line-height:150%">
</p>
<p bgcolor="#ffffff" style="color:#364153; background-color:#ffffff; line-height:150%">
<span style="color: #000000;">
Eleven years after launching the Apple Watch — a product that’s generated an estimated $100 billion in lifetime sales — Apple faces a leadership exodus and talent drain. Former Chief Operating Officer Jeff Williams retired last year. Fitness+ leader Jay Blahnik is leaving amid litigation, health marketing chief Stan Ng also recently retired and Apple has lost talent to competitors. Adding to the watch woes, Apple executive Eddy Cue reportedly uses Whoop and Oura for health tracking. Meanwhile,
</span>
<a data-hs-link-id="0" data-hs-link-id-v2="DpdM9cxV" style="color:#193cb8" target="_blank">
screenless wearables
</a>
<span style="color: #000000;">
built multibillion-dollar businesses around AI-powered insights that Apple’s Health app struggles to match.
</span>
</p>
<p bgcolor="#ffffff" style="color:#364153; background-color:#ffffff; line-height:150%">
</p>
<p bgcolor="#ffffff" style="color:#364153; background-color:#ffffff; line-height:150%">
<span style="color: #000000;">
Cue has pushed for broader changes, but Apple’s ambitious AI health coaching project, Mulberry, was recently scaled back. The company now relies on rare promotions to drive sales. “A screenless band or ring should be something it is pioneering, not racing to copy,” Bloomberg’s Mark Gurman wrote. With
</span>
<a data-hs-link-id="0" data-hs-link-id-v2="/KNp60Mx" style="color:#193cb8" target="_blank">
Tim Cook stepping down
</a>
<span style="color: #000000;">
in September, incoming CEO John Ternus must decide whether Apple can move fast enough to lead a category it once dominated.
</span>
</p>
</div>
</div>
</td>
</tr>
</tbody>
</table>
<table cellpadding="0" cellspacing="0" class="" role="presentation" style="" width="100%">
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<table border="0" cellpadding="0" cellspacing="0" role="none" style="vertical-align:top" width="100%">
<tbody>
<tr>
<td align="center" style="font-family:Helvetica, Arial, sans-serif; color:#000000; font-size:0; word-break:break-word">
<p style="font-size:1px;border-top:1px solid #CBD5E1;width:100%;margin:0 auto;">
</p>
<!--[if mso]>
<table role="none" align="center" border="0" cellpadding="0" cellspacing="0" style="font-size:1px;border-top:1px solid #CBD5E1;width:600px;">
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</td>
</tr>
</tbody>
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</div>
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<!--[if (mso)|(IE)]></tr></table><![endif]-->
</div>
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<![endif]-->
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<![endif]-->
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<table cellpadding="0" cellspacing="0" class="" role="presentation" style="" width="100%">
<tbody>
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<td class="hs_padded" style="font-family:Helvetica, Arial, sans-serif; font-size:15px; color:#000000; word-break:break-word; padding:10px 10px 5px">
<div class="hs_cos_wrapper hs_cos_wrapper_widget hs_cos_wrapper_type_module" data-hs-cos-general-type="widget" data-hs-cos-type="module" id="hs_cos_wrapper_module_17649583164633" style="color: inherit; font-size: inherit; line-height: inherit;">
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<h2 align="left" data-mce-fragment="1" style="margin:0; font-size:20px; line-height:175%; text-align:left; font-weight:bold">
<span style="font-family: Tahoma, sans-serif;">
Quick Hits
</span>
</h2>
</div>
</div>
</td>
</tr>
</tbody>
</table>
<table cellpadding="0" cellspacing="0" class="" role="presentation" style="" width="100%">
<tbody>
<tr>
<td class="hs_padded" style="font-family:Helvetica, Arial, sans-serif; font-size:15px; color:#000000; word-break:break-word; padding:0px 10px 0px 15px">
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<p style="line-height:175%">
<span style="color: #000000;">
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You Can Start With Less Than $100
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→ A Big AI Trap
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Your Company Must Avoid
</span>
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→
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Combine SEO and AI optimization into one strategy.
</span>
A lot of founders still think they need separate strategies for SEO and
<span style="color: #0600ff;">
<a data-hs-link-id="0" data-hs-link-id-v2="hhMyIUzw" style="color:#0600ff" target="_blank">
AI optimization
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,
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but in reality, most of the work overlaps. The smartest way to approach it is to combine both into one system, so the same content and links help you rank in search and also get picked up by AI systems. That way, you’re not doubling your effort; you’re getting more out of the same work.
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-
<a data-hs-link-id="0" data-hs-link-id-v2="KE7aby9O" rel="noopener" style="color:#0600ff" target="_blank">
Georgi Todorov,
</a>
Founder of Create & Grow.
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