Oh, I forgot the best part.
Months before the IPO, SpaceX took $17.5 billion of old junk debt from xAI and X and parked it on its own balance sheet through a $20 billion bridge loan.
The terms? Repaid within six months of listing.
So part of the $75 billion that retail and index funds just handed over is already spoken for. Not for Mars. Not for rockets. To clear debts piling up at Elon's other companies.
You bought the rocket ship.
You're on the hook for the loans.
BEST. ENGINEERING. EVER.
After buying F35s, cancelling the Franco-German maritime patrol aircraft program in favor of US P8 Poseidons, purchasing Patriot systems instead of backing a European alternative, and repeatedly prioritizing US equipment over European solutions, Germany now lectures others about European defence cooperation.
Está es la parte del "fugazi", los mercados, el "retail", comprando la narrativa y el PR, la supuesta aceleración y la euforia.
https://t.co/Pv1wwGLpdE
Los genocidas israelíes han asesinado en Gaza al pequeño Mousa y a su padre, el enfermero Mohammed Al-Habil. Ambos estaban en el tejado de su casa intentando conseguir agua.
Los sionistas matan todo lo que se mueve con total impunidad; son alérgicos a la vida.
The End of Billionaire Power in The Era of Trillions
lots has been written this week trying to contextualize (or at least grab clicks) about what it means to have a ‘trillionaire’ from every angle… here is what I think does matter…
It just isn’t very meaningful or powerful to be a mere billionaire anymore.
To be clear, you are rich… but for so long the narrative has been ‘these billionaires are running things’— well in the era when someone is 1000x richer, no they aren’t.
Don’t even get me started on the mere centi-millionaires…. Elon’s 1T is the equivalent of 10,000 of those (which liquid wise is what chat GPT thinks is the whole US population of em!) — The real story now is that beyond simply being ‘rich’ and free… if you really want to be ‘in the game’ you need many tens of billions….
And even then, to pony up $100B to do something really important, you can either get everyone you know of the 0.01% fully committed (herding cats), or just catch Elon on a Tuesday when he is feeling frisky.
That is the real difference — and it does matter, because the people who thought they were players in the 1990s and 2000s just aren’t anymore.
That is the real moment here / the real rotation…. And you can’t unsee that those 1990s and 2000s ‘mere billionaires’ were pretty left leaning… the deca-trillionare class… no so much.
Europa [Francia] posiblemente se embarcará en un *renacer* nuclear -> data centers. Los alemanes ya decidieron su all-in, tecnología militar. En España deberíamos hacer un all-in serio en Solar+baterías.
It’s important to understand that, contrary to Donald Trump’s quip to Barak Ravid that Netanyahu has “no f***ing judgment,” the Israeli Prime Minister knows exactly what he is doing:
With a set of strikes at the Dahiyeh neighborhood in Beirut, he is trying to kill both the pending US-Iran peace deal and the fragile peace between Israel and Lebanon that would come with it.
There is a further strategic dividend. Netanyahu is also seeking to preempt Iran’s attempt to establish a new regional deterrence equation—one in which attacks on Beirut, and potentially on Lebanon more broadly, would trigger a direct Iranian response against Israel.
By striking now, he is not merely targeting an adversary; he is challenging the emergence of a regional order that would constrain Israel’s freedom of military action.
Full analysis on Substack: https://t.co/bbrXTFzE04
A senior Israeli cabinet minister tells Channel 12: ‘As far as we are concerned, Iran is Trump’s issue and he has the right to pursue an agreement, but Lebanon is ours, we must not agree to the Iranian equation, even at the cost of a severe confrontation with the U.S.’
NEW: Israel assesses Trump will soon announce a concession to Iran in exchange for not retaliating over the Dahiyeh strike.
Details unknown, but back-channel efforts are underway.
Source: Yaron Avraham
🇺🇸🇮🇷 A lo largo de la guerra entre Estados Unidos e Israel contra Irán, el presidente Donald Trump se ha esforzado constantemente por presentar la contienda como un éxito histórico.
🙄 La cruda realidad es que lo que Trump anunció como una guerra rápida y fácil planeada para cambiar el régimen se transformó rápidamente en un atolladero.
😤 Durante los últimos dos meses, Trump ha luchado por encontrar una forma de declarar la victoria, alternando entre afirmaciones de que Irán le está suplicando un acuerdo y amenazas de destruir la civilización iraní.
🤔 Este jueves por la mañana Trump amenazó con golpear a Irán «muy duro». Más tarde, ese mismo día, Trump afirmó que el acuerdo estaba realmente al alcance de la mano, sugiriendo que podría firmarse tan pronto como este fin de semana.
🔴 En esta pieza @jeremyscahill entrevista para @DropSiteNews al doctor Hassan Ahmadian, profesor de la Universidad de Teherán.
Lee la entrevista en @RevistaAntagon
👇
https://t.co/kPa5UG4VWx
El Ayuntamiento de Madrid ha decidido cambiar el procedimiento en el protocolo de limpieza y no avisará a las personas sin hogar para que recojan pertenencias como documentación, medicación o ropa.
Son gentuza y se ceban con los más vulnerables.
https://t.co/8jUKjldKo8
My experience with financial and other crises tells me not to try to be clever and prepare for the predictable catastrophe but rather for the government reaction to the predictable catastrophe. (That is to say there is a road runner moment when doing the correct thing is punished and everything hangs in the air doing the exact opposite to what you expected for a really long time. Then you capitulate and it finally does the thing you expected all along)
La IA generativa también le permite al fascismo de mercado tomar venganza contra los artistas e intelectuales, sentir que no los necesita, que los puede sintetizar, que puede tener arte sin artistas y –más importante– pensamientos sin pensar. Por ahí por eso los fascina tanto.
🔴 Suiza rechaza imponer un tope de 10 millones de habitantes a su población, según las primeras proyecciones. La insólita propuesta de la derecha populista persigue convertir a Suiza en el primer país en establecer un tope de población en su Constitución https://t.co/G9UOVLE7Fc
@raulvk@luciofac No es lo mismo hacer máquinas cómo las de ASML [spin - off de Phillips] que crear la N-esima app cuyo modelo de negocio se sustenta básicamente en "monetizar" la precariedad y/o buscar un exit.
@raulvk@luciofac Gracias a los LLM ya no tengo que gastar más de 5 minutos en ganar una "discusión de internet".
Pues eso, Bits y VC. Y el hard tech "ni cotiza" que mucha "tech, talent & capital" viene del software.