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New Footage Reveals Ford Carrier Damage Far More Severe Than Pentagon Acknowledged

Zero Rss
2 weeks ago
New Footage Reveals Ford Carrier Damage Far More Severe Than Pentagon Acknowledged

Newly surfaced footage obtained by CNN indicates that a severe fire aboard the USS Gerald R. Ford - the world's largest aircraft carrier - inflicted far more extensive damage than the Trump administration initially admitted to the public.

Early in the conflict it was forced to depart Mideast regional waters and retreat West in the Mediterranean, before undergoing extensive repairs at port in Croatia. Pundits were skeptical of official explanations, which suggested an accidental fire was sparked in the laundry room aboard the giant vessel.

US Navy file: Ford carrier

The major blaze erupted in March at a moment Iran claimed to have directly hit US naval vessels, but crisis was consistently downplayed by Pentagon officials at the time.

The obtained video reveals severely destroyed sleeping quarters, showing sailors' bunks entirely reduced to charred, twisted metal. The ceiling directly above the berthing areas appears completely gutted by the intense flames, while exposed wiring hangs from overhead and thick ash blankets the floor.

One sailor and eyewitness stationed on board the aircraft carrier told CNN: "I seriously thought we were going to lose the ship. It’s either fight or die."

This doesn't sound like some localized fire in a small compartment, but a massive emergency - which as we now now derailed the Ford's ongoing Iran mission in CENTCOM regional waters.

According to prior revealed details, it took the carrier’s crew approximately 30 hours of continuous damage control to fully extinguish the fire, clear out the wreckage, and importantly prevent the fire from reigniting. Some

600 sailors were displaced and left without access to their standard bunks, it had been revealed soon after the event took place.

⭕️ CNN Footage Reveals USS Gerald Ford Fire Was Far More Severe Than Pentagon Acknowledged

New footage obtained by CNN shows the fire aboard the USS Gerald R. Ford aircraft carrier two months ago was significantly more extensive than the Pentagon’s official account suggested,… pic.twitter.com/Ycew0G2h3y

— Drop Site (@DropSiteNews) June 5, 2026

While the definitive cause of the fire remains unclear, Tehran has claimed responsibility, asserting it successfully targeted the premier American aircraft carrier.

Again, this has fueled widespread speculation that the Iranian account could be accurate, given the Pentagon is known to have downplayed other instances where significant military hardware came under fire.

Prior reporting has also underscored that the blaze actually hindered combat operations against Iran. The incident has been confirmed to have resulted in a complete halt to two days of combat operations. Chief of Naval Operations Adm. Daryl Caudle, had described two months ago, "They fought that, put it out, and started flying sorties two days after that, so I’m very proud of that crew."

Tyler Durden Fri, 06/05/2026 - 12:40
Tyler Durden

Veteran ‘60 Minutes’ anchors say they’re staying ‘for now’ — even as they rip Bari Weiss ‘dictatorship’

NY Post
2 weeks ago
Their statement, however, made clear that staying should not be interpreted as support for CBS News editor-in-chief Bari Weiss or the network's recent actions.
Ariel Zilber, Alexandra Steigrad

Who is James Handy? How to Watch The Slain Actor’s Iconic Roles From ‘Jumanji’ to ‘Top Gun: Maverick’

NY Post
2 weeks ago
Handy died earlier this week after being stabbed.
mliss1578

Iconic restaurant chains join forces to open dual location in Los Angeles

NY Post
2 weeks ago
Pancakes, burgers and wings will soon be served under one roof as the Los Angeles area’s first dual-branded Applebee’s and IHOP prepares to open later this month.
Nina Joudeh

Passenger bites cop after sneaking on plane without paying for excess baggage: wild video

NY Post
2 weeks ago
Travelers applauded as she was led off the plane by police.
Patrick Reilly

President Trump’s crackdown on H1B visa abuse sends Dallas home prices way down

NY Post
2 weeks ago
Donald Trump's H-1B clampdown is cooling the Texas suburbs, and other parts of the country — and that may be the point.
Mary K. Jacob

Dodgers Post podcast: Can Shohei Ohtani keep pace in Cy Young race?

NY Post
2 weeks ago
Can Shohei Ohtani really win the Cy Young Award this year?
Jack Harris

Chaos at California high school graduation as wild brawl breaks out at ceremony

NY Post
2 weeks ago
A graduation ceremony in the Central Valley erupted into chaos as several graduates traded blows, sending attendees rushing onto the field and ending with multiple arrests.
Nina Joudeh

Lewis Hamilton scoots around Monaco Grand Prix 2026 and more star snaps

NY Post
2 weeks ago
Rebecca Gayheart chows down on pizza, Lizzo celebrates her album release and more snaps...
mliss1578

Lewis Hamilton scoots around Monaco Grand Prix 2026 and more star snaps

NY Post
2 weeks ago
Rebecca Gayheart chows down on pizza, Lizzo celebrates her album release and more snaps...
Nicole Mazza

Typhoon leaves trails of destruction while wreaking havoc across Japan

NY Post
2 weeks ago
A devastating typhoon has swept through Japan and left a trail of destruction in its wake.
News.com.au

Morgan Stanley Projects SpaceX Revenue Hitting Stratospheric $3.4 Trillion In 2040, $2.7 Trillion In EBITDA

Zero Rss
2 weeks ago
Morgan Stanley Projects SpaceX Revenue Hitting Stratospheric $3.4 Trillion In 2040, $2.7 Trillion In EBITDA

Yesterday we shared a forensic analysis of the mechanics of the $75 billion SpaceX IPO and how to trade it, while specifically saying we are leaving the fundamentals aside. The reason for that is that the historicals of the company are, to put it mildly, problematic when it comes to projecting how the company grows into a multi-trillion behemoth. 

As a reminder, SpaceX posted revenue of just under $20 billion for the LTM period, with approximately $6 billion EBITDA and loss of $4 billion, virtually all driven by the conglomerate's Connectivity (Starlink) division and to a lesser extend, the Launch Services division. Solid numbers on their own, but do they justify a $1.75 trillion in valuation?

So how exactly does SpaceX get from here to there? 

We got the answer this morning courtesy of the WSJ which got its hands on an analysis shared by Morgan Stanley with top investors. 

Needless to say, to support the $1.77 trillion valuation Elon Musk’s SpaceX is targeting in its IPO, bankers are telling investors to look to the future.... far into the future. 

Morgan Stanley projects that SpaceX’s revenue could reach $3.4 trillion in 2040. The bank told investors the rocket maker’s adjusted EBITDA in 2040 could top $2.7 trillion, or a largely unheard of 80% EBITDA margin.

Some more details: the WSJ also notes that sellside analysts at Goldman Sachs and Morgan Stanley both projected SpaceX’s revenue would be near $160 billion in 2028, up from $20 billion currently. Goldman estimated that the rocket company’s revenue would exceed $470 billion in 2030, while Morgan Stanley projected it would reach nearly $330 billion. Goldman and Morgan Stanley expect SpaceX to have adjusted EBITDA of around $110 billion in 2028 and $352 billion and $230 billion, respectively, in 2030. 

Using these data, we have charted how SpaceX revenue and EBITDA would have to grow (assuming a 2028 baseline of $160BN in revenue and $110 billion in EBITDA). The projection is... aggressive.

To get to those stratospheric - no pun intended - levels, both banks anticipate revenue from SpaceX’s AI business to provide the bulk of the revenue after this year and grow dramatically. Goldman projected that unit would contribute around $322 billion in 2030, while Morgan Stanley projected around $190 billion that year. SpaceX reported revenue from its nascent AI division of $3.2 billion in 2025.

How realistic are these assumptions? Some thoughts from Brandon Carl, who writes that the MS forecast would require 14% US GDP growth over 14 years . The long-term average is 6.5%.:

"Most Successful Company Ever" Assumptions

  • SpaceX commands 5% of US corporate profits
  • Corporate profits become 15% of GDP, by far a record

Implications

  • Total US corporate profits = $54 trillion
  • US GDP = $205 trillion
  • 14 year US GDP growth rate = 14%

"Still Aggressive" Assumptions

  • SpaceX commands 2% of corporate profits
  • Corporate profits are 10% of GDP, historically high
  • Then US GDP = $770 trillion growing at 26%

Assume that EBITDA is about 1.75x profits, so profits = $1.54 trillion.

Goldman and Morgan Stanley are certainly redefining the hockeystick when it comes to the SpaceX IPO: the two banks snagged the top two roles out of the 21 banks on SpaceX’s IPO, putting their banks in line to get the biggest shares of the hundreds of millions of dollars of fees. Which is why if for whatever reason the IPO bombs or fails to launch they stand to lose the most.

So will people "buy" these ludicrous projections? Well, according to Bloomberg, with one week left to go until the actual IPO, the offering is already oversubscribed.

  • *SPACEX IPO IS SAID TO DRAW MORE ORDERS THAN SHARES AVAILABLE

This means that the deal will almost certainly price at Musk's desired offering price of $135. What happens after that is anyone's guess. 

Tyler Durden Fri, 06/05/2026 - 12:05
Tyler Durden

‘Master manipulator’ CIA officer who stashed $40M in gold bars at home detained as flight risk

NY Post
2 weeks ago
Wearing a green jumpsuit and a thicker beard than he had in his mugshot, Rush was remanded to the custody of the US Marshals.
Josh Christenson

Blake Lively enjoys frozen yogurt date with husband Ryan Reynolds after dragging Justin Baldoni back to court

NY Post
2 weeks ago
The couple have been married since 2012 and are the parents of four kids -- daughters James, 11, Inez, 9, and Betty, 6, as well as son Olin, 3.
mliss1578

Blake Lively enjoys frozen yogurt date with husband Ryan Reynolds after dragging Justin Baldoni back to court

NY Post
2 weeks ago
The couple have been married since 2012 and are the parents of four kids -- daughters James, 11, Inez, 9, and Betty, 6, as well as son Olin, 3.
Alexandra Bellusci

2026 Acorn Stakes picks: Odds, best bets, betting guide for Friday’s headliner at Saratoga

NY Post
2 weeks ago
Always a Runner headlines the field for the Acorn Stakes.
Michael Leboff

Kalshi promo code NYPMAX: Trade $10, get $10 for the World Cup

NY Post
2 weeks ago
Trade $10 to get $10 with the Kalshi promo code NYPMAX to make predictions on the World Cup.
Michael Leboff

Werk Room Weekly: Would Suzie Toot do ‘All Stars’? ‘Drag Race’ Season 17 lip-sync assassin talks future plans and new tour

NY Post
2 weeks ago
She tapped her way into the Drag Race history books, and now Suzie Toot is taking center stage once again. “Werk Room Weekly” hosts Jason Cerin and Brian Faas sit down with the “RuPaul’s Drag Race” Season 17 standout to talk about life after winning Queen of She Done Already Done Had Herses, the surprisingly...
mliss1578

Werk Room Weekly: Would Suzie Toot do ‘All Stars’? ‘Drag Race’ Season 17 lip-sync assassin talks future plans and new tour

NY Post
2 weeks ago
She tapped her way into the Drag Race history books, and now Suzie Toot is taking center stage once again. “Werk Room Weekly” hosts Jason Cerin and Brian Faas sit down with the “RuPaul’s Drag Race” Season 17 standout to talk about life after winning Queen of She Done Already Done Had Herses, the surprisingly...
Page Six Video

‘Cape Fear’ Episode 1 Recap: …And Justice for All

NY Post
2 weeks ago
Is the Bowdens’ whole existence built on lies, on perverting the law to get the lives they want, even at the expense of others?
mliss1578

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