Renting beats owning in every big metro as weights become the asset

Claim

Renting is now cheaper than owning in every big US metro, with even millionaires renting and asking whether owning anything matters, while Rocket Lab bought Iridium for about $8 billion to own the entire space stack and the Magnificent 7's price-to-earnings premium sank to a decade low.

Reported metric: $8B

Reporting date: 2026-06-29 (not necessarily the event date)

Sources

Attribution and reporting linked by this record; links do not imply independent verification.

• Welcome to June 29, 2026 (theinnermostloop.substack.com)