New York Knicks star Jalen Brunson may be the king of the city after leading the team to their first championship since 1973, but he still has a lot of love for Texas.

Brunson was asked about his streak of winning championships in Texas, dating back to his national championship victory at Villanova. He also started his career with the Dallas Mavericks, giving the Lone Star State a special place in Brunson’s heart – especially, financially.

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New York Knicks guard Jalen Brunson (11) celebrates with his teammates after the Knicks defeat the San Antonio Spurs during game five of the 2026 NBA Finals at Frost Bank Center on June 13, 2026. (Geoff Burke/Imagn Images / IMAGN)

“I have nothing against Texas. I love Texas. I miss the Texas taxes,” he told reporters after Game 5.

Brunson lives in Westchester, New York. He has to pay around 10.3% income tax in the state and a New York City tax of around 3.8% as well as a jock tax. Athletes in Texas still have to pay a jock tax but they do not have to pay a state income tax.

‘STILL VERY IMMATURE’: TEXAS SPORTS BAR OWNER SOUNDS ALARM ON NFL’S STREAMING PIVOT

New York Knicks guard Jalen Brunson (11) shoots the ball against the San Antonio Spurs in the first half during game five of the 2026 NBA Finals at Frost Bank Center on June 13, 2026. (Geoff Burke/Imagn Images / IMAGN)

He signed a four-year $156.5 million contract extension that went into effect before the 2025-26 season. He’s earned around $34 million this season and will earn nearly $38 million next season.

Brunson also touched on how special it was to win a championship with Mikail Bridges and Josh Hart – who he won two national championships with at Villanova.

New York Knicks guard Jalen Brunson (11) dribbles the ball against San Antonio Spurs center Luke Kornet (7) in the first half during game five of the 2026 NBA Finals at Frost Bank Center on June 13, 2026 (Scott Wachter/Imagn Images / IMAGN)

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“Being able to win with Mikail and Josh – it’s a great feeling,” he said. It’s truly a great feeling knowing I got to meet them at a young age and were able to grow as friends and teammates in college and be able to achieve something in college. And then, to be able to do this at this level is just as special. Maybe a little more special. It’s an incredible feeling.”

SpaceX’s blockbuster initial public offering, the largest in history, raised $75 billion and propelled the company to a market capitalization exceeding $2.1 trillion on its debut, but the milestone came at a short-term cost to smaller publicly traded space firms that saw sharp declines as investors reallocated funds.

The Elon Musk-led company, trading under the ticker SPCX on Nasdaq, priced shares at $135 and opened at $150 before climbing as high as $176.52 and closing at $160.95 on Friday, June 12, 2026. The offering generated overwhelming demand, with institutional investors oversubscribing by a significant margin and retail orders reaching tens of billions.

While SpaceX soared nearly 19% on its first trading day, much of the rest of the space sector experienced turbulence. Rocket Lab USA shares dropped about 11%, Intuitive Machines fell around 13%, and Virgin Galactic plunged nearly 32%. Other players like Redwire, Planet Labs and even major defense contractors with space exposure saw notable declines.

Capital Reallocation Drives Immediate Market Reaction

Analysts attribute the selloff primarily to portfolio repositioning. Investors seeking exposure to the booming space economy previously turned to public proxies like Rocket Lab and Intuitive Machines. With direct access to the dominant player now available, capital flowed toward SpaceX, creating a temporary liquidity squeeze in smaller names.

SpaceX dominates commercial launches with its Falcon 9 rocket, operates the expansive Starlink satellite constellation, and is pursuing ambitious projects including space-based data centers and Starship development. Its scale and technological edge set it apart, making it a must-own for many institutional portfolios focused on the sector.

The IPO not only made Musk the world’s first trillionaire when combining his stakes across companies but also turned thousands of SpaceX employees into millionaires. Chief Operating Officer Gwynne Shotwell and others saw substantial gains from their equity holdings.

Longer-Term Implications for the Space Industry

While the one-day reaction was pronounced, industry observers caution against reading too much into it as a fundamental shift. Blockbuster IPOs redistribute existing capital rather than create new money, a dynamic that could preview challenges for other high-profile listings in sectors like artificial intelligence.

Rocket Lab stands out as a resilient player with diversified operations spanning dedicated launches via its Electron rocket, satellite manufacturing and defense contracts. The company has demonstrated strong execution and a growing backlog, positioning it for potential recovery as the broader space economy expands.

Intuitive Machines, known for its lunar landing achievements and NASA partnerships, faces higher execution risks but benefits from Artemis program momentum and commercial lunar services. Its prospects remain tied to government and private demand for deep-space capabilities.

Sector-Wide Opportunities Amid Competition

The space economy continues its rapid growth, driven by declining launch costs, satellite mega-constellations and increasing defense spending. SpaceX’s public status is expected to bring greater attention and legitimacy to the industry overall, potentially lifting all boats over time despite short-term capital shifts.

Established players like Lockheed Martin, Boeing and Northrop Grumman, which saw milder declines, maintain diversified revenue streams across defense and aerospace that provide stability. Smaller pure-plays must differentiate through niche strengths such as rapid innovation, specialized services or international partnerships.

Investor Strategies Post-IPO

For those considering entry points after the selloff, analysts recommend focusing on companies with clear paths to profitability and multiple revenue streams. Rocket Lab’s vertical integration and backlog make it a frequently cited candidate for rebound. Patience will be required, as institutional rebalancing may extend volatility over coming weeks.

Broader market context includes strong interest in AI-related applications of space technology, such as data centers and communications infrastructure. SpaceX itself is positioned at the intersection of space and AI, enhancing its appeal.

Historical Context and Future Outlook

SpaceX’s debut eclipses previous records, including Saudi Aramco’s 2019 listing. The company’s trajectory from startup to multi-trillion-dollar powerhouse reflects the transformative potential of reusable rocket technology and satellite broadband.

Looking ahead, key catalysts for the sector include upcoming launches, regulatory developments and technological milestones. While SpaceX sets a high bar, opportunities persist for nimble competitors in areas like lunar exploration, small satellite deployment and specialized services.

The IPO underscores the maturing commercialization of space. What was once the domain of governments is now a vibrant arena for public investment. For smaller firms, the challenge is carving out defensible niches amid intense competition from the industry leader.

Investors are advised to conduct thorough due diligence, considering valuations, execution risks and long-term growth potential in this dynamic sector. The aftershocks of SpaceX’s historic debut are likely to reverberate through the space industry for months, reshaping capital flows and competitive dynamics.

As trading continues and the market digests the massive new entrant, the space sector’s evolution enters a new phase. SpaceX’s success highlights enormous potential, but also intensifies the need for innovation and focus among its public peers.

Roku Inc. shares jumped more than 20% on Friday, closing at $143.66 after reports emerged that the streaming platform operator is in preliminary talks about a potential sale or strategic combination with a major U.S. media company, reigniting investor optimism about its role in the evolving television landscape.

The San Jose, California-based company, known for its streaming devices and operating system powering millions of televisions, has seen renewed interest amid broader industry consolidation. While no deal has been confirmed, the speculation highlights Roku’s valuable position as a leading independent platform in a market dominated by giants like Netflix, Amazon and traditional media players.

Analysts largely view Roku as a long-term buy, citing consistent user growth, expanding advertising revenue and strategic positioning in connected TV (CTV). Wall Street consensus stands at Moderate Buy, with an average 12-month price target around $145 to $150, though some forecasts reach as high as $185.

Recent Performance and Catalyst

Roku’s shares have been volatile but showed resilience entering 2026. The Friday surge marked the stock’s strongest single-day gain in recent memory, pushing it toward four-year highs. After-hours trading added slight additional gains. The move came alongside broader analyst upgrades, including Evercore ISI raising its target to $185.

The potential sale talks, first reported by Bloomberg, reflect intense competition in streaming. Roku powers over 100 million households and leads in U.S. broadband advertising reach. Its platform segment, which includes high-margin advertising and subscriptions, has driven recent growth, making it an attractive asset for media companies seeking scale.

Financial Strength and Growth Drivers

Roku reported solid first-quarter 2026 results, with total revenue reaching approximately $1.25 billion, up significantly year-over-year. Platform revenue, the core of its business, grew robustly through advertising and subscriptions, while device sales remained a smaller but strategic component sold near cost to expand its ecosystem.

The company continues to benefit from the shift away from traditional cable toward streaming. Its active accounts and hours streamed have grown steadily, providing a large audience for advertisers. Roku has expanded content offerings on its channel, including premium subscriptions and partnerships, enhancing user engagement and monetization opportunities.

Analysts highlight improving profitability metrics and EBITDA outlook as key positives. Enhanced home screen ad capabilities and a focus on high-margin revenue streams position Roku for sustained growth even in a competitive environment.

Long-Term Outlook and Risks

For long-term investors, Roku offers exposure to the expanding streaming economy. As more households cut the cord, demand for neutral platforms like Roku’s is expected to rise. The company’s data and targeting capabilities in CTV advertising provide a competitive edge, potentially driving higher revenue per user over time.

Potential acquisition interest could provide a premium for shareholders in the near term. However, even without a deal, organic growth prospects remain favorable. Some analysts project continued revenue expansion in the mid-teens percentage range annually, supported by advertising market recovery and international opportunities.

Risks include intense competition from integrated ecosystems like Amazon’s Fire TV and Google’s platform, as well as macroeconomic pressures on advertising spending. Device revenue can fluctuate, and maintaining platform neutrality while expanding content requires careful balancing. Valuation multiples remain elevated compared to some peers, leaving room for volatility.

Analyst Perspectives

Wall Street remains predominantly bullish. Out of 26 analysts covering the stock, 22 rate it Buy, with four Holds and no Sells. Price targets reflect confidence in Roku’s ability to capture more of the growing CTV ad market. Recent upgrades underscore expectations for stronger monetization and operational efficiency.

Cathie Wood’s ARK Invest has held Roku as a significant position, betting on its long-term potential in streaming and advertising technology. While short-term noise from M&A speculation can drive swings, fundamentals support a positive trajectory for patient investors.

Industry Context

The broader media and entertainment sector is undergoing transformation. Consolidation talks involving major players highlight the need for scale in content distribution and advertising. Roku’s independent status has allowed it to partner broadly, but a potential tie-up could accelerate growth while providing resources for further innovation.

Roku’s focus on user experience, from intuitive interfaces to personalized recommendations, has built strong brand loyalty. Its expansion into smart home integration and additional services could open new revenue avenues beyond traditional streaming.

Investment Considerations

Investors evaluating Roku as a long-term holding should consider its growth profile against execution risks. The company’s ability to sustain user growth while improving margins will be critical. Diversification within a portfolio can help mitigate sector-specific volatility common in technology and media stocks.

This is not investment advice. Stock prices can fluctuate significantly based on market conditions, company performance and external factors. Thorough due diligence, including review of quarterly reports and consultation with financial advisors, is recommended.

Path Forward

As Roku navigates potential strategic moves and operational milestones, its position in the streaming ecosystem remains compelling. The recent surge reflects market recognition of its value, whether as a standalone leader or attractive acquisition target. For long-term believers in the streaming shift, Roku offers meaningful exposure to a secular trend with room for substantial upside.

The coming quarters will test the company’s ability to capitalize on momentum. With analysts largely aligned on its potential and the industry tailwinds intact, Roku stands as a notable name for growth-oriented investors monitoring the evolving media landscape.

SAN ANTONIO — The New York Knicks ended a 53-year championship drought on Saturday night, defeating the San Antonio Spurs 94-90 in Game 5 of the NBA Finals to claim their first title since 1973. Jalen Brunson led the way with a Finals-record 45 points, earning Finals MVP honors in a series-clinching performance that captivated fans across the basketball world.

The Knicks won the best-of-seven series 4-1, overcoming early deficits and a resilient young Spurs team featuring Victor Wembanyama. Brunson’s heroics capped a remarkable playoff run for New York, which had not reached the NBA Finals since the early 2000s and last hoisted the Larry O’Brien Trophy in the Willis Reed era.

“I’ve got no words,” Brunson said after the game. “I don’t know what I’m feeling. I’m in awe.”

The victory triggered jubilant celebrations in New York, with the Empire State Building illuminated in orange and blue, and massive crowds gathering outside Madison Square Garden. Tens of thousands of fans had followed the team’s journey through watch parties across the city throughout the postseason.

Brunson’s Masterclass Seals the Series

Brunson, who averaged 32.6 points per game in the Finals, delivered one of the greatest road clinching performances in NBA history. He scored 15 points in the fourth quarter alone, including crucial free throws and a driving basket that helped the Knicks regain the lead for good. The performance tied Michael Jordan for the most points scored on the road in a Finals-clinching game.

The Knicks trailed by as many as 16 points in the second quarter and were down 10 early in the fourth. But Brunson refused to let the moment slip away. Mikal Bridges contributed 14 points, Josh Hart added 13 points and 11 rebounds, and Karl-Anthony Towns grabbed 10 rebounds despite scoring only two points before fouling out.

For the Spurs, Wembanyama posted 19 points, 14 rebounds and five blocks in a valiant effort. Rookie Dylan Harper added 25 points off the bench, but San Antonio could not overcome New York’s determination and clutch execution down the stretch.

“We weren’t ready to win an NBA championship,” Spurs coach Mitch Johnson said. “The better team won. We did a lot of good things, and we didn’t finish the job. That’s what it is.”

Dramatic Playoff Journey

The Knicks’ path to the title featured resilience and memorable moments. They rallied from a 29-point deficit in Game 4 — the largest comeback in NBA Finals history — to take a 3-1 series lead. That resilience defined their entire postseason, as they consistently found ways to respond when counted out.

Under head coach Mike Brown, the team blended veteran savvy with emerging talent. Brunson’s leadership, combined with contributions from Bridges, Hart, Towns and OG Anunoby, created a balanced roster capable of winning in multiple ways. Their defense, particularly in limiting Wembanyama’s impact at times, proved decisive.

The Spurs, who had upset the defending champion Oklahoma City Thunder in the Western Conference Finals, showcased a bright future with their young core. Wembanyama’s defensive presence set Finals records, but experience and execution favored the more seasoned Knicks in the end.

Citywide Celebrations and Cultural Impact

The win ignited New York City. Fans poured into the streets, turning neighborhoods into sea of orange and blue. Celebrations were passionate yet mostly joyful, though authorities reported some arrests amid the chaos. Mayor Zohran Kwame Mamdani announced plans for a parade on Thursday.

The Empire State Building lighting served as a beacon for long-suffering supporters. For a franchise that endured decades of mediocrity and heartbreak, this moment represented validation and renewed hope for the future.

High-profile fans, including Britain’s Prince Harry attending alongside NBA Commissioner Adam Silver, added to the spectacle at Frost Bank Center. The Knicks’ blue-and-orange contingent created a raucous road atmosphere despite being in enemy territory.

Historical Significance

This championship marks the third in Knicks franchise history, joining the 1970 and 1973 titles. It ends the longest active drought in the NBA for a major market team and restores glory to one of basketball’s most iconic organizations. Brunson’s ascent from Villanova standout to Finals MVP symbolizes perseverance and clutch greatness.

The series also highlighted the league’s parity and exciting young talent. Wembanyama and Harper’s performances signal a competitive future for San Antonio, while the Knicks’ victory validates their patient rebuilding strategy under team president Leon Rose.

What Comes Next

For the Knicks, the focus shifts to sustaining success. With Brunson entering his prime and key pieces under contract, they are positioned for continued contention. Offseason moves could further bolster the roster as they defend their crown.

The Spurs will look to build around their young stars, adding veteran support and refining their approach after a promising but ultimately unsuccessful Finals run. The 2026 draft and free agency will be critical for both organizations.

As the NBA offseason begins, the Knicks’ triumph will be remembered as a landmark achievement. From overcoming early season doubts to delivering in the biggest moments, this team embodied resilience and teamwork. For fans who waited over half a century, the wait was finally worth it.

Brunson’s legacy in New York is now etched alongside legends like Reed, Frazier and Monroe. His quiet leadership and explosive scoring carried the franchise to glory, inspiring a new generation of Knicks supporters. The 2026 NBA champions have written a new chapter in league history, proving that patience and belief can overcome even the longest droughts.

This article was written by

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