Rex Churchill retweeted
Stephen Miller becomes White House Chief of Staff tomorrow, and from where I’m sitting, it looks like the man about to run the White House was bought and paid for before he walked in the door. I followed the money around him and his wife Katie, and it leads to Elon Musk, a foreign government’s lobbyists, her father’s mailbox and investors nobody is allowed to see.
Full article is up on my Substack now (link in bio and it's free). Highlights below:
🚩 Red Flag 1: A dark money group funded by Elon Musk sent $43 million to a group that Miller’s own charity controls. That is Musk money flowing into Miller’s political machine, and none of it has to be disclosed to you.
🚩 Red Flag 2: Musk’s super PAC paid Katie Miller’s firm $884,367, and some of that money came while she was working beside him at DOGE. She was on his payroll and inside the government at the same time.
🚩 Red Flag 3: Katie bought more than $1 million of stock in Musk’s AI company one business day before the Pentagon announced it would use that AI. The trade was never reported, and the rules say it should have been.
🚩 Red Flag 4: Abu Dhabi’s state AI fund owns a piece of that same company. Eight days before Miller got the job, a firm in the same consulting group Katie came from signed a $100,000-a-month contract with the UAE. So, a foreign government now has money on both sides of this household.
🚩 Red Flag 5: Miller was paid $202,000 through a family company listed in his father-in-law’s name. Its clients were the Trump campaign and the Trump-Vance transition, and the transition still won’t say who its donors are. So we don’t know whose money paid him (owns him).
🚩 Red Flag 6: The dark money group Miller’s charity controls paid $156,000 to Borglum LLC, a company with no Florida registration and no named owner. Its address was box 361, the same mailbox as that family company. Based on the records, I think that donor money landed with the Millers.
🚩 Red Flag 7: Katie Miller’s podcast gets about 15,000 views an episode, yet her podcast company has 3,333,333 preferred shares for investors who never have to be named. Nobody puts money into a 15,000-view podcast for the ratings. So who bought in, and what did they get?
🚩 Red Flag 8: About $1.4 million in their kids’ accounts disappears from his ethics form with no sale reported, and a sale of stock in a Pentagon-backed company was reported at less than half of what it was worth. That form is the only way the public can see what the Chief of Staff owns, and it doesn’t match the money.
Any one of these might have an innocent explanation. But eight of them around the most powerful staffer in the White House shows a pattern, and the public deserves to know who is paying him.
The full article is up now on my Substack (link in bio) with every receipt, including the filings, the mailbox records and the UAE contract.
Enjoy!
Rex Churchill retweeted
🚨 BREAKING: Montana has now completely banned corporate spending in politics.
Republicans are now suing to reverse it.
Rex Churchill retweeted
$CRWV earnings are coming up on Tuesday after the bell. Whether you like the company or not, this will be an important read through into many neoclouds / AI clouds.
Here's the most important thing to watch in my opinion:
- FINANCING -
If DDTL 6.0 is announced, it must be attractively priced. DDTL 5.0 was financed at SOFR + 4.50%. DDTL 5.5 (SOFR + 5.50%), was financed in a challenging credit environment, with non-IG grade customers, and was also the first CRWV DDTL that had a longer term than the underlying contracts, resulting in re-contracting risk.
In my opinion, if we see an explosion in credit spreads (for example, SOFR + 7-8%), especially if IG customers are involved, this will reflect genuine fear that CRWV will be unable to finance operations going forward.
However, if we see spreads closer to normal, bond investors will tell us that all the noise around neocloud debt is just that, noise.
- SHORT TERM PRICING -
I believe that AI clouds that are truly bullish on the cycle must be allocating at least a sizeable chunk of capacity to short term deals, similar to what $SPCX is doing right now.
Last quarter revealed that AI clouds like $NBIS are leasing short term capacity at $40M - $50M of annualized revenue per MW. Any read into spot price increasing, and CRWV capturing that demand to me signals massive confidence in the longer term outlook.
- GPU DEPRECIATION -
In Q2 26, CRWV signed an A100 contract going out to 2029 at "attractive pricing". Intrator similarly mentioned that older SKUs are being priced at or above where they were years ago.
Similar commentary will be extremely bullish to hear, especially given that there have been recent news of Microsoft winding down contracts with Oracle over old infrastructure tied to Bing Search. While I personally think this is non-news, it may be a situation of "if there's smoke, there's fire".
Very excited to listen in on Tuesday afternoon. I will be reporting my thoughts and all the important commentary right here that same evening.
Rex Churchill retweeted
$CRWV It's great to see CoreWeave being proactive here. They have excelled with regulators and in the buildout of almost all of their locations.
Additionally, 3 days ago, CEO Intrator noted,
"We currently don’t anticipate any impact to CoreWeave's existing customer commitments or associated backlog as a result of shifts in the political landscape. CoreWeave already has more than 1.5 GW of active power across a diverse global footprint. We also have a clear line of sight on 4.2 GW of contracted capacity we’ve signed as of August 2026, giving us confidence in our ability to serve customers."
CoreWeave $CRWV just said it sent this letter to Texas Governor-elect Gina Hinojosa today
Rex Churchill retweeted
> Haiti gangs snatch 4 Salvadorans
> they think they just bought themselves a negotiation
> Bukele goes public saying bring them back or you're done
> they try to hand him 4 random bodies and say it was them
> he calls out their bs
> sends 2,000 troops into Haiti
> tells the leader to gather their gangs so he can fight them
> gangs run to the UN for a deal
> refuses all deals
> ignores the UN mandate
> pushes into gang territory and starts cleaning them
> does more in two weeks than the UN did in 13 years
Bukele might be the greatest leader of the 21st century
Rex Churchill retweeted
I've been in politics for a quarter century. It's hard to express how staggering it is to see a conversation like this on corporate US media. The Morning Joe panel gobsmacked by the directness of @AbdulElSayed's points.
(clip via @DropSiteNews)
Rex Churchill retweeted
$IREN earnings:
- Revenue: $228 million, est: $221 million
_ AI cloud revenue increased 182%
- Revenue backlog increased 22%
Rex Churchill retweeted
JD Vance and Ted Cruz suddenly sounding like Yale and Harvard Law grads instead of MAGA memes is very, very telling.
Rex Churchill retweeted
Elon Musk is mass deleting tweets like he's a Nazi burning documents in a fireplace at the end of WW II and it's funny because the internet NEVER FORGETS.
Rex Churchill retweeted
BREAKING: A Montana ballot initiative to ban corporate money in state politics has passed with overwhelming support.
Rex Churchill retweeted
After Hakeem Jeffries’ private meeting with Jared Kushner, I no longer support him becoming Speaker of the House. Democrats need a new generation of leadership, not more of the same Washington establishment. A change in majority should mean a change in direction.
Rex Churchill retweeted
Biggest mistake democrats could do now is make Jeffrey speaker of the house and Schumer majority senate leader. BOTH are compromised. BOTH are funded by AIPAC.
OUTST THEM.
ACCOUNTABILITY MATTERS.
#Anonymous

































