Cake have revealed that they are planning to release a new album in 2025. With this news, the band have also decided to clear up some misconceptions surrounding their new song “Billionaire in Space,” which was recently performed during a “Live From The Freight Elevator” session for Texas Public Radio. John McCrea said the following about the track:

“’Billionaire in Space’ isn’t a song about a particular billionaire. It’s an observation, really of all billionaires, and the economic imbalance that we’ve been lulled into accepting as the norm. It is a song about being left behind. I wrote the song in 2020, during the apocalyptic West Coast wildfires, when everything on the ground was literally going up in smoke. I pictured the billionaires in the sky, casually orbiting, calmly looking down out of their circular windows. I couldn't shake the image. But the song is not an indictment against these billionaires so much as it is a crude meditation on the economic imbalance that we’ve sleepwalked ourselves into."