Good Morning! On this day in 1910, a 500-pound meteorite landed in Delta County during the passage of Halley’s Comet. Some residents thought it was an alien spacecraft, recalling rumors of UFO sightings several years earlier.
The Houston Texans hosted a high school girls flag football championship this past weekend for more than 80 schools, crowning winners in three divisions. Check out video of the event here.
Today’s sponsor is Mode Mobile, offering a pre-IPO investment opportunity for The Flyover readers.
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GlobalWafers Opens $3.5B Sherman Plant
Taiwanese silicon wafer manufacturer GlobalWafers opened its $3.5 billion plant in Sherman on Thursday and announced plans for a $4 billion expansion at the 142-acre site.
“Our U.S. customers appear to have a very strong demand for U.S.-based production capacity,” said GlobalWafers chairperson and CEO Doris Hsu, citing heightened interest in avoiding tariffs on semiconductors manufactured overseas.
The Sherman plant was built with $406 million in anticipated funding from the 2022 CHIPS and Science Act. Hsu indicated GlobalWafers plans to build two more phases at its Sherman campus, noting the development timeline depends on “reasonable pricing, prepayments, and government support.”
Fort Worth and Arlington hosted the Professional Bull Riders (PBR) World Finals last week. The finals culminated in a weekend showdown among the sport’s top 25 riders, which was dominated by three-time world champion Jose Vitor Leme of Brazil.
The event began with the four-day Eliminations round, which Leme won with 353 points. Dalton Kasel of Decatur, the world’s top-ranked rider going into the competition, finished sixth with 125 points.
The top five riders in the Eliminations round advanced to the championship round, along with the 15 riders who had accumulated the most points during the season. The top five finishers in the second-chance Ride for Redemption round completed the field for the championship.
Leme won $1,632,667 with his first-place finish at AT&T Stadium. On Saturday, a team called the Jokers netted $500,000 for winning the multi-discipline Kid Rock’s Rock N Rodeo team competition.
Most Overpriced Retirement Towns
Personal finance website GOBankingRates surveyed real estate agents to compile a list of the five most overpriced retirement towns in Texas. All five are located in or adjacent to the Hill Country: Boerne, Fredericksburg, Georgetown, Kerrville, and Marble Falls.
The report cited institutional investors and high property taxes—approaching 3% of a home’s assessed value—as factors that drive up prices. It also cautioned potential buyers to consider the risks of water scarcity and development restrictions when deciding where to retire.
In Fredericksburg and Marble Falls, institutional investors have snatched up properties, creating “artificial competition” that has caused home values to increase “beyond what local economics justify.” Both of these towns, along with Kerrville, are affected by development restrictions and aging infrastructure.
Boerne’s average home value is $550,180, and Georgetown is one of the most expensive destinations in Texas for assisted senior living facilities. Georgetown has been one of the fastest-growing mid-size cities in the country in recent years, driving prices up across the board.
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Motorola, Nokia, Apple… This Smartphone Innovator?
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➤ Cameron County: A popular beach access point on South Padre Island is getting a $4.5 million upgrade. The project will reinforce the sand dunes and add pavilions, restrooms, and a 142-car parking lot. (See Rendering)
➤ Austin: The Texas House approved a measure last week to require air conditioning in state prisons by 2032. In March, a federal judge ruled that the absence of air conditioning was a violation of the constitutional prohibition on cruel and unusual punishment. (More)
➤ Kaufman County: The sheriff’s office has released computer-generated images of what fugitive Trevor McEuen might look like if he has altered his appearance. Last week, Gov. Greg Abbott announced a $30,000 reward for information about McEuen, who fled ahead of his capital murder trial. (More)
➤ Killeen: Fire Captain Marvin Taylor III, who was killed in a crash on Mother’s Day after the birth of his fifth child, was honored with a portrait painted by Philadelphia forensic artist Jonny Castro. Taylor’s funeral is on Tuesday. (More)
➤ Galveston County: Authorities arrested nearly 300 people and confiscated dozens of guns during Jeep Weekend. Over 400 officers from multiple agencies provided security for the annual event. (More)
➤ Austin: The Army Training and Doctrine Command program will relocate from Virginia’s Fort Eustis to Austin, where it will merge with the Army Futures Command to create the Army Transportation and Training Command. (See Details)
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➤ Texas Tech and Texas won their regional tournaments yesterday to advance to the best-of-three super regional round of the college softball playoffs, while No. 1 Texas A&M fell to Liberty University 6-5 in a tie-breaker game. This weekend, the Red Raiders will face Florida State, and the Longhorns play Clemson. (See Details)
➤ Texas earned the No. 1 seed in the SEC baseball tournament this year, while Texas A&M will face an uphill battle as the No. 14 seed. (More)
➤ Meanwhile, TCU got the No. 3 seed in the Big 12 baseball tournament, earning a first-round bye. Texas Tech, Baylor, and Houston got the No. 9, 10, and 11 seeds, respectively. (More)
➤ Texas Rangers designated hitter Joc Pederson broke a 1-1 tie against the Houston Astros in the sixth inning of Saturday’s game with this rocket home run to right field, leading the Rangers to a 5-1 win. (Watch Video)
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➤ The Department of Justice has dropped a lawsuit against Southwest Airlines that sought $2.1 million for two chronically delayed flights in 2022. (More)
➤ XRG, the investment arm of Abu Dhabi National Oil Company, is evaluating a partnership with Houston’s Occidental Petroleum to develop a carbon capture facility in South Texas. The potential investment is up to $500 million. (More)
➤ Texas now has 434 data centers—up from 386 in February—according to industry tracker Baxtel. (More)
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#1 Software Company Shares Jump 15%
Deloitte’s 2023 #1 software company just raised $45M in their pre-IPO offering and their share price jumped to $0.30/share.
Their offering is almost fully subscribed, but there’s still a time-limited opportunity for investors to buy in at $0.30/share. With parabolic revenue growth of 32,481%, this company is leading a smartphone revolution that has enabled +45M users to earn +$325M from screen time.
We’ve seen it before when Uber turned cars into income streams and Airbnb turned homes into income-producing assets. Early investors in these companies earned significant returns, and Mode is following their playbook.
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➤ Teagen Barnett of Canyon graduated from West Texas A&M University on Friday, becoming the third generation in his family to receive a degree from the school. His grandmother gave him his diploma as he walked across the stage. (More)
➤ Meanwhile, each member of the De La Rosa family—Auden, Mari, and their daughter Abigail—received degrees from Midland College this month. “It was a journey, for sure—all of us being in school, sitting there at the kitchen table doing homework together,” said Auden. (More)
➤ Camp Fimfo in New Braunfels was named one of the top five RV campgrounds in the country for the second year in a row, according to a new USA Today ranking. Camp Fimfo is home to the first and only alpine roller coaster in Texas. (See Details)
➤ Harlan High School junior Tate Taylor set a national high school record in the 100-meter dash with a time of 9.92 seconds at the 2025 UIL State Track and Field Championships earlier this month. (More)
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