Piaras

Dad, copywriter and in former times, lobbyist, journalist and also a hod carrier.

[Piaras @PiarasMurphy]

@NiecyOKeeffe Just saw this afternoon. It's good, but deffo missing the profoundness Close Encounters had.

[AI Panda @AIPandaX]

A guy was ready to drop $1,500 on a new OLED TV because his 3-year-old Smart TV was freezing up and took 5 seconds just to respond to the remote.

He unplugged it. Deleted old apps. Cleared the cache. The lag kept coming back.

He went to Best Buy to get a replacement.

The home theater installer in the blue shirt stopped him: "Before you spend a grand, let me show you something."

He grabbed a remote and shook his head.

"There are 8 hidden tracking settings throttling your TV's processor right now. Manufacturers turn them all on by default. Nobody tells you they exist. Let's fix this."

Here's what he showed him in the next 8 minutes. 🧵

[Shanaka Anslem Perera ⚡ @shanaka86]

The world just paid $2 trillion for a rocket company that lost $4.9 billion last year. And the rockets are not why it lost the money. They are the only part making any.

SpaceX went public Friday, the largest IPO in history. Up 19%, a $2 trillion valuation, Elon Musk the first trillionaire. Then you open the filing.

Three businesses sit inside it. Starlink, the satellites, brought in $11.4 billion, 61% of all revenue, and $4.4 billion in profit. It is the only piece that earns a dollar. The rockets that land themselves run a small loss reinvesting in Starship. And the AI arm, Grok plus the app once called Twitter, folded in this February, lost $6.4 billion in a single year on $12.7 billion of spending.

Read that again. The satellites pay for everything. The AI loses more than the satellites make. And the AI is the part the market fell in love with.

It gets bolder. The prospectus claims a total market of $28.5 trillion, the largest any company has ever put in a filing. Larger than the GDP of the United States. That is the number underwriting a $2 trillion price tag built on a division bleeding $6 billion a year.

Now the structure. About 4% of the company trades. That sliver sets the price for all of it. Musk is locked up for 366 days and holds roughly 80% of the votes. The public bought a company they cannot steer, priced on the one segment losing the most.

This is the whole year in one ticker. The profit is satellites. The story is AI. The market bought the story.

The rockets were never the risk. The risk is a $2 trillion price resting on the one bet that has yet to make a cent.

[Piaras @PiarasMurphy]

@Scaramucci @WSJ @elonmusk The satellites pay for everything. The beloved AI loses more than the satellites make. The prospectus claims a total market of $28.5 trillion. Larger than the GDP of the US. That is the number underwriting a $2 trillion price tag built on a division bleeding $6 billion a year.

[Piaras @PiarasMurphy]

@Sinead

[Shanaka Anslem Perera ⚡ @shanaka86]

The world just paid $2 trillion for a rocket company that lost $4.9 billion last year. And the rockets are not why it lost the money. They are the only part making any.

SpaceX went public Friday, the largest IPO in history. Up 19%, a $2 trillion valuation, Elon Musk the first trillionaire. Then you open the filing.

Three businesses sit inside it. Starlink, the satellites, brought in $11.4 billion, 61% of all revenue, and $4.4 billion in profit. It is the only piece that earns a dollar. The rockets that land themselves run a small loss reinvesting in Starship. And the AI arm, Grok plus the app once called Twitter, folded in this February, lost $6.4 billion in a single year on $12.7 billion of spending.

Read that again. The satellites pay for everything. The AI loses more than the satellites make. And the AI is the part the market fell in love with.

It gets bolder. The prospectus claims a total market of $28.5 trillion, the largest any company has ever put in a filing. Larger than the GDP of the United States. That is the number underwriting a $2 trillion price tag built on a division bleeding $6 billion a year.

Now the structure. About 4% of the company trades. That sliver sets the price for all of it. Musk is locked up for 366 days and holds roughly 80% of the votes. The public bought a company they cannot steer, priced on the one segment losing the most.

This is the whole year in one ticker. The profit is satellites. The story is AI. The market bought the story.

The rockets were never the risk. The risk is a $2 trillion price resting on the one bet that has yet to make a cent.

[Piaras @PiarasMurphy]

@Sinead

[Shanaka Anslem Perera ⚡ @shanaka86]

The world just paid $2 trillion for a rocket company that lost $4.9 billion last year. And the rockets are not why it lost the money. They are the only part making any.

SpaceX went public Friday, the largest IPO in history. Up 19%, a $2 trillion valuation, Elon Musk the first trillionaire. Then you open the filing.

Three businesses sit inside it. Starlink, the satellites, brought in $11.4 billion, 61% of all revenue, and $4.4 billion in profit. It is the only piece that earns a dollar. The rockets that land themselves run a small loss reinvesting in Starship. And the AI arm, Grok plus the app once called Twitter, folded in this February, lost $6.4 billion in a single year on $12.7 billion of spending.

Read that again. The satellites pay for everything. The AI loses more than the satellites make. And the AI is the part the market fell in love with.

It gets bolder. The prospectus claims a total market of $28.5 trillion, the largest any company has ever put in a filing. Larger than the GDP of the United States. That is the number underwriting a $2 trillion price tag built on a division bleeding $6 billion a year.

Now the structure. About 4% of the company trades. That sliver sets the price for all of it. Musk is locked up for 366 days and holds roughly 80% of the votes. The public bought a company they cannot steer, priced on the one segment losing the most.

This is the whole year in one ticker. The profit is satellites. The story is AI. The market bought the story.

The rockets were never the risk. The risk is a $2 trillion price resting on the one bet that has yet to make a cent.

[Piaras @PiarasMurphy]

@real_dublindamo Happy birthday. Id love to try that route

[Piaras @PiarasMurphy]

@campbellclaret Imagine investing in a project led by a man who wets himself on Airforce 1, gets off his face in the Oval office while in charge of his child and then stirs anti immigrant bigotry while being the descendant of European murders and rapists of Africa.

[Piaras @PiarasMurphy]

@Sinead

[Fesshole🧻 @fesshole]

Staggering home from student union bar off my face, 1992. Started turtle-heading. Passed cheating ex-boyfriend's house so pulled down my knicks and curled out the biggest poo anyone has ever produced on his doorstep. Next day realised it was the wrong house.

[Piaras @PiarasMurphy]

@real_dublindamo No way.🤣

[Piaras @PiarasMurphy]

@real_dublindamo Zico, Socrates, Eder, Falcao. What the holy fuck. Utter joy.

[Piaras @PiarasMurphy]

@NiecyOKeeffe

[Piaras @PiarasMurphy]

@NiecyOKeeffe Last day.

[John Collins @HangBlaa]

DUP MLA saying an alien culture is one in which a man can marry a child, while his former party leader is on trial for raping a primary school child.

Oh, the irony!

#TheView

[Piaras @PiarasMurphy]

No sign of any would be trillionaires calling for riots over this. https://t.co/k4j6dkK5fc

[Piaras @PiarasMurphy]

@thetomcelica They are British Nationalists

[Piaras @PiarasMurphy]

@Sinead

[litquidity @litcapital]

Spotted outside of Morgan Stanley’s HQ in Times Square today 😭

[Jamie Bonkiewicz @JamieBonkiewicz]

There’s more evidence of Trump being a child rapist than there is evidence of voter fraud.

[Daniel Lambert @dlLambo]

Israel has murdered 3 TIMES MORE Lebanese civilians in the past few weeks than Israelis killed on Oct 7th.

And A HUNDRED times more kids.

Just in Lebanon.

A deranged state armed and funded by the west.

Terrifying evil.