Social media bans, AI data centers, and real estate signals—what a week.

Australia’s move to ban social media for teens and why the feed is starting to look like “digital cigarettes,” plus the debate over an age “sweet spot” for social platforms.

We jump to SpaceX’s potential 2026 IPO and why liquidity matters far beyond stocks—impacting commercial real estate and infrastructure capital flows.

We also go deep on AI and data centers: why Norway’s sovereign wealth fund is avoiding the asset class, how hyperscalers hold the leverage, and why the real AI bottleneck isn’t the tech—it’s energy and the power grid. Meanwhile, Brookfield is going the other way with a $20B bet on AI infrastructure.

We wrap with youth sports as a $50B+ business driving hotels and mixed-use development, plus quick hits on San Diego, Fed cuts vs the stuck 10-year, Lever House hitting 100% occupancy, Boston’s JPM branding fight, Disney + OpenAI, social cannabis in Massachusetts, and an Amsterdam detour.

In this episode: social media ban, SpaceX IPO, AI + energy, data centers, youth sports real estate, Fed rates, office recovery, Boston skyline, and more.