.@BernieSanders , it is a time to celebrate. @elonmusk has created enormous value for society by building @SpaceX, driving down the cost of rocket launches and creating a global satellite communication network that has brought high speed, low-cost internet and communication access to hundreds of millions and eventually billions of people along with critical advantages for our military and our nation’s defense.
SpaceX and its technologies will cause an acceleration in the growth of wages and wealth creation globally, including in some of the poorest communities in the U.S. and around the world.
Access to low-cost, high speed communications everywhere will allow children around the world to be educated, families to build businesses, and life-saving medical knowledge and care to be available everywhere.
SpaceX will materially bring down the cost of compute, advancing AI and humanity.
Meanwhile, 4,000 SpaceX employees yesterday became millionaires, including hourly wage employees who you claim you are trying to help.
The Elon Musks of the world drive growth, global GDP, and provide access to goods and services at lower cost that would otherwise not exist.
Elon’s nominal trillionaire status is due to his ownership of SpaceX, Tesla, Neuralink, the Boring Company and his other initiatives that have brought new technologies that improve our everyday lives.
Elon is not sitting on a trillion dollar pile of cash, jewelry and gold. He is using his controlling stakes in his companies to advance mankind. Elon’s companies don’t pay dividends. They reinvest all of their capital to accelerate innovation and value creation.
Elon is working 24/7 for all of us. He deserves respect and appreciation, not smears.
Bernie, your socialism would never allow a SpaceX to be built. Socialism has only proven to impoverish mankind and lead to death and destruction.
We need to create the conditions for more SpaceXs to be built, not attack the great entrepreneurs who are helping to advance our country.
It blows my mind how many people are complaining that Elon became the first trillionaire.
First, most of it is paper wealth tied to equity in his companies. He could not turn it into real cash without dumping shares, which would crash the price and shrink his net worth massively.
“But he can borrow against his shares.” Sure he can. That does not make him richer. A loan still has to be paid back, the shares stay pledged as collateral the entire time, and if the price drops he gets margin called. He’s just leveraging paper.
You would be much richer holding $1 million in cash than owning 25% of a company worth $4 million, even though both equal $1 million on paper.
Second, come on. He actually changed the world. A lot of these people complaining drive electric cars because they care about emissions. Those cars would not be mainstream if Elon had not built Tesla. Millions of people in rural and remote areas have internet because of Starlink. SpaceX is the only reason NASA is not still paying Russia to send astronauts to the ISS.
You can hate the man. You can hate his politics. But pretending he is not one of the most consequential entrepreneurs of our lifetime is just dishonest.
Why things will eventually fall apart:
1. Everybody, even Google, seems to be treating AI as if it were some kind of winner take all competition like web search was, in which Google taking over 95%
2. But everybody is building essentially the same technical solution with essentially the same data, so there is no moat.
3. If there is no moat, nobody is going to take 90% of the market.
4. With no clear winners, nobody can charge monopoly prices; instead, you get price wars and commodity pricing.
5. Which means everybody will wind up overpaying compared to the modest profits they will be able to make in an intensely competitive regime.
Am I missing something?
It’s 2011, the Shuttle is retired, SpaceX carries the US Space Program
It’s 2014, Russia withholds ULA’s engines, SpaceX carries the US Space Program
It’s 2020, OneWeb goes bankrupt, SpaceX carries the US Space Program
It’s 2023, Russia & Ariane withdraw from international markets, SpaceX carries the US Space Program
It’s 2024, Starliner fails, SpaceX carries the US Space Program
It’s 2025, Roscosmos loses their pad, SpaceX carries the US Space Program
It’s 2026, Blue Origin loses their pad, SpaceX carries the US Space Program
A New Glenn rocket has 5.5 GWh of energy (first and second stage).
The Little Boy bomb dropped on Hiroshima had 17.5 GWh of energy.
The largest non-nuclear blast was Operation Minor Scale (1985) with 4.65 GWh of energy.
The largest non-nuclear accidental blast was the Halifax explosion (1917) with 3.37 GWh of energy.
Just watched the final trailer for Spielberg's Disclosure Day and I have to hand it to whoever ran that writers room. This is what happens when you treat r/UFOs as a focus group.
Roswell crash? Check.
The coverup? Check.
The aliens are still here? Check.
Jets chasing UFOs? Check.
UFO appearing out of a cloud? Check (h/t Independence Day)
Little gray-ish guys? Check.
Feels like they scraped every viral UFO X thread, sorted by engagement, and built a screenplay out of the top twenty. And not just the hardcore believers, they're going after the broad casual "I mean, SOMETHING is going on, right?" middle. Maximum addressable market for the dopamine hit of "what if everything you were told was wrong is actually right."
Then the masterstroke: Spielberg himself appears on screen to ask, "wouldn't it be amazing if people discovered that everything they believed was actually true?"
Yes Steven. It would. Validation feels incredible. You're not selling a movie. You're selling a hug.
Whether any of it makes logical sense, whether the logistics are plausible, whether Roswell hasn't been thoroughly autopsied for 75 years, none of it matters. The product is the feeling, and the feeling is "you were right all along. You are special.”
Genuinely a masterclass in targeting a demographic. Going to be a blockbuster.