If the socialists had their way, Elon would have had his paypal profits taken and redistributed for the greater good.
The world would never have seen Tesla, nor SpaceX.
And the world wouldn't know it, because they were uncreated, and thus unseen.
Imagine the companies that don't exist, because Washington destroyed them before they were born.
The lesson I take from the SpaceX IPO is that the only thing stopping us from solving arbitrarily difficult problems is extreme creativity in business models.
No amount of tax and spend programs got us reusable rockets and great electric cars. Customer delight is a necessary precondition for success.
There seems to be some discussion around whether successful entrepreneurs should give up control of their companies so they can subsidize some philanthropic venture that otherwise has no value prop sufficient to run it as a business where customers voluntarily exchange money for goods and services at a competitive and reasonable price.
This misses the point. Transformational products deliver tangible value at 1000x the rate of charities whose value cannot be tested in the market place. Think about the undeniable value of the smart phone, satellite Internet, electric consumer devices, etc etc.
I think the transformational moment for SpaceX was when Elon stepped away from the philanthropic Mars greenhouse concept and fixed his resolve on unlocking radically better rockets for humanity. The greenhouse would have been, at best, a neat trick. Falcon and Starship give humanity a durable economic engine to maintain and improve access to space, forever.
Rocket Lab is being added to the Nasdaq-100 Index.
This is a landmark moment for the team. We're incredibly proud of what we’ve achieved, and even more excited about what is still to come.
Happy @SpaceX IPO day!
For the first time, everyday retail investors will be able to directly own a piece of a company whose mission is the most ambitious in human history. Congrats to the whole SpaceX team. Ad Astra! 🚀
Get paid to wait
The Claude Code spinner might be the most watched line on Earth.
So I turned it into an ad marketplace.
Advertisers bid on it. You keep 50% of the money.
Install the extension → get cash from ads.
Introducing Kickbacks
i once analyzed the financial statements of a cardiologist with a $150MM net worth who owned a string of five guys burger restaurants too. he called it vertical integration.
Google is raising $80 billion of equity a week before SpaceX is trying to raise $75 billion a few months before Anthropic and OpenAI are trying to raise $100 billion from investors and you’re laughing???
This is a cataclysmic exit liquidity avalanche
BUSINESSES ARE NOW USING PREDICTION MARKETS TO HEDGE PROMOTIONS LOL
A BAR IN NYC HAD A PROMO IF THE KNICKS WIN, THEY COVER EVERYONE’S DRINKS FOR THE NIGHT
THE BAR PLACED A $5K HEDGE ON KALSHI THAT PAYS OUT IF THE KNICKS WIN
THE BAR WINS EITHER WAY
@t_blom This problem will naturally tend to go away as companies are grown from the start using AI. Then you don't need to extract any domain knowledge from people's heads; it will never have been in people's heads.
Deep inner suffering inevitably arises when the human person is reduced to performance, consumption, or a statistical datum. Many young people today live under the yoke of expectations to perform, immersed in an exasperated competitiveness that generates anxiety, fear of not measuring up, and disorientation.
This is a first.
Yesterday, BYD announced that they will offer full damage coverage for owners using their God’s Eye Level 2+ Urban NOA system in China.
BYD is providing one free full year of 100% damage coverage (vehicle repairs, third-party property damage, and personal injury liabilities with no payout cap) at no extra cost, as long as the system is used properly and in compliance with traffic regulations in China.
They’re also fully guaranteeing coverage for owners using their Intelligent Parking System (their version of Tesla Summon).
This is the first time an automaker has ever provided damage reimbursement for an advanced driving system.