As Elon Musk basked in the public spectacle of SpaceX’s blockbuster initial public offering this month, another rocket executive was putting the final touches on his biggest strategic move https://t.co/5eADvNY0jQ
@aakashgupta I am going to unfollow all content creators that continuously use AI to generate flashy headlines. For the moment, giving aakashgupta a respite - I can’t bear reading AI WRITING ANYMORE
THE MOST HYPED IPO OF THE DOTCOM ERA DIDN'T CAUSE THE CRASH. IT MARKED THE TOP.
SPACEX SHOULD MAKE YOU THINK.
🇺🇸 March 2000:
Palm went public in the most hyped listing of its time.
It opened at $150, then fell more than 50% within the same month.
Days later, the Nasdaq peaked. Then fell 78% over the next two years.
Palm didn't break the market. It was the symbol of a euphoria that had run out of road.
Now SpaceX lists at over $1,750,000,000,000, the largest IPO in history, while the S&P's tech weighting is heading past 54%.
In 2000 it topped near 35%.
I'm not calling a crash.
I'm waiting six months before I touch it.
Everyone's calling the SpaceX and OpenAI IPOs the event of a generation — when they're really a trillion-dollar flood the market can't absorb.
I'm not buying. Here's why 👇
The AI bubble is primarily an earnings bubble rather than a valuation bubble. My report this week discusses the metrics investors should monitor to know when this bubble is about to burst.
Clients can read it here:
https://t.co/nPpZ5E1mas
You're sharing a planet with the biggest animals that have ever existed in the history of life on earth.
Not fossils. Not extinct. Out there right now.
Blue Whale! 🐋
🇷🇺🇺🇦 Five years into the "Kyiv in three days" operation, Russia is now installing Pantsir air defense systems on the rooftops of office buildings in Moscow.
It's safe to say that Russia seriously underestimated Ukraine's capabilities.