Before we dive into today’s update: SpaceX launched a blockbuster IPO yesterday, closing out for the weekend with a staggering $2.11 trillion valuation.
We’ve released a Deep Dive breaking down the blockbuster public offering and its ripple effects on the company and the wider market, complete with definitions, facts, statistics, and graphs for the common investor.
The National Basketball Association, or NBA, hosts a season that runs from October to April, lasting nine months with over a thousand games. 30 teams are split into two divisions, where they play 82 games over the course of the season – 52 games within the conference and 30 games against teams from the opposite conference.
Heading into the playoffs, the Oklahoma City Thunder led the Western Conference with a record of 64-18, with the San Antonio Spurs in second place with an overall record of 62-20. Meanwhile, in the Eastern Conference, the Detroit Pistons held the lead with a record of 60-22, followed by the Boston Celtics (56-26) and the New York Knicks (53-29).
Ahead of the conference finals, the Pistons – the Eastern Conference-frontrunners – were knocked out by the Cleveland Cavaliers, paving the way for the Knicks to face off against and eventually defeat Cleveland in the semifinals. Meanwhile, the Spurs defeated the Thunder to earn their first place in the finals since they won the title in 2014.
Despite beginning with two away matches, the Knicks defeated the Spurs in both of the first two games, 105-95 and 105-104. Teams only need four wins out of the seven games to take home the title, meaning that the Knicks already had a major advantage.
The Spurs went on to squeeze out a win in Game 3, 115-111, but the Knicks recovered from a staggering 29-point deficit – a record-breaking feat – in Game 4 to win by one point, 107-106.
That made last night’s game a must-win for the Spurs, who would lose their chance at the title with a loss. Following the usual trend throughout the finals, the Spurs led the first quarter by an extensive 10 points, but the Knicks recovered five points of that deficit in the second quarter. Across all five games of the finals, the Spurs maintained a lead of at least 10 points coming out of the first quarter, but the Knicks went on to win four of those five games. This left the score at 42-37 at halftime, but both teams came out blazing in the second half.
Knicks guard Jalen Brunson led the way for his team, picking up 14 of the team’s 28 points in the third quarter. However, the Spurs managed to extend their lead, scoring 30 third-quarter points – led by rookie Dylan Harper, with 10 points.
As a whole, it was a massive game for both players. Brunson scored a staggering 45 points throughout the game – almost half of his team’s entire total – making 13 out of 15 free throws and 4 out of 7 three-pointers. He also had three rebounds and three assists, and was later awarded the title of finals MVP. Meanwhile, Harper, despite being under massive pressure, was his team’s leading scorer, with 25 points. He also had five crucial rebounds and four assists across 31 minutes of playtime – the highest of any bench player from either team.
In the end, the game came down to the wire, with the Knicks tightening up the score towards the end of the fourth quarter. Brunson went on a tear in the last few minutes, scoring 13 consecutive points to completely erase the team’s 16-point deficit. With less than 20 seconds left, Spurs guard Stephon Castle completed a dunk to bring the score to 92-90, with the Knicks in the lead.
The Spurs were forced to foul to maintain a chance at the win, but the Knicks made both free throws to bring the score to 94-90. With a four-point advantage, the Spurs were unable to score the sufficient points in the remaining time, sealing the Knicks’ first title since 1973.
Celebrations are currently taking place all over New York and its surrounding cities, with fans swamping the streets. Honks and fireworks could be heard across the city as soon as the win was confirmed, and NYC Mayor Zohran Mamdani is already planning a massive parade for Thursday.
Fact of the Day (The Fact Site): Both US and Russian militaries have trained dolphins. They can be used for rescuing lost naval swimmers and locating submerged mines, as well as other underwater operations.
Quote of the Day (Gracious Quotes): No guts, no story. (Chris Brady)
Word of the Day (Merriam-Webster): Hale (adj, HAIL) - Someone described as hale is in good and often exceptional health. Hale is commonly used in the phrase “hale and hearty.”
In a Sentence: Their mother remains hale and hearty in her old age.
Photo courtesy of New York Knicks via X
spurs should've won 😔