The impact of this phase transition is massively underestimated. SpaceX likely to be an order of magnitude more valuable than Tesla (all in) at full potential - think about valuation of all terrestrial commodities with some multiple. The universe is the limit.
Rocket reusability isn’t just an optimization - it’s a phase transition.
When you throw rockets away, you’re limited by factory throughput (~16 rockets/year). Reuse them, and you enter a different regime of launch volume, economics, and ambition.
Iran leaders had a hunch they were going to get bombed again if they came to 🇨🇭 Burgenstock today (1 inch hail storm a few minutes ago in the neighboring town)
Hope is a hell of a drug and Elon is about the only global figure projecting some implementable hope of escaping de-growth and doom projected by msm & politicians.
Going to the moon (at least orbit the earth) before I die is now a legit aspiration for many (me included).
Unfortunately confused with $SPCX (the stock) landing on the moon (or even Mars at this rate) before year end 🤷♂️
Variant take: we have not yet fully corrected for core racism (and probably never will) but we have broadly over reached and corrupted the scope and definition of it.
@ATLCWorker And then watch when you ask /force to share their favorite plush / toy with others….
Global theory => contradictory local practice = virtue signaling!
If you agree with his vision/narrative (he does) then that is exactly what he aims to achieve through colonization of an order of magnitude (or two) more resources than available on earth - more resources has consistently been positive for overall standards of leaving and lowering the poverty line (yet with increasing variance / right side fat tail).
Pope Leo says Jesus told us that blessed are the peacemakers, but woe to those who manipulate religion in the very name of God for their own military, economic, or political gain, dragging that which is sacred into darkness and filth.
In China the future depends on a system which has to survive the rise of its heroes; in the West the future depends on heroes who have to rise against the system. Grateful to our heroes ✨🫡
The dichotomy between the excitement of Elon’s optimist vision of abundance though extra terrestrial energy harvesting and the possibility of a devastating stick and stone situation in parts of the world out of the Persian gulf energy disruption is schizophrenic !
🛑To everyone bragging that "Iran is strong" and cheering the idea of closing the Strait of Hormuz by attacking oil tankers:
🛑Great plan! The regime wants to trigger a massive oil spill right in the Gulf—the very water their own coastal desalination plants depend on for fresh water.
🛑Because nothing says "smart strategy" like poisoning the source that keeps millions of Iranians from dying of thirst during one of the worst historic droughts in decades.—yet let's risk turning the Gulf into an oil-soaked disaster zone that could cripple their own water supply.
@MedvedevRussiaE That must be a compliment coming you being the WOAT on that front… up to past couple years that is; must suck to drop from first to third that brutally when you give it your best ever!
JPMorgan Chase CEO Jamie Dimon on why most leaders fail at meritocracy:
"One of the tough things about management is you have to get rid of the bad people."
Dimon argues that leaders often talk about meritocracy but fail to act on it. Execution is the problem, not philosophy.
"Very often you have people who are unwilling to get rid of the bad people. Bad could be because their culture is bad. It also could be because they're not good enough."
He points to the difference between business and sports:
"In sport, if you're not batting 250, you're not going to be playing second base. You take out a pitcher who's not doing a good job. In business, they're left in those jobs for a long time."
Dimon recalls being challenged early in his career after demoting a long-tenured employee named Joe.
Someone asked: "How can I be loyal to you when you weren't loyal to Joe?"
He couldn't answer in the moment. But the next day, he called back:
"You got it backwards. If I was loyal to Joe and kept him in the job and most people thought he just wasn't doing a good job anymore, who am I being disloyal to? Everybody else and the customer."
His advice: "You have to be very careful in management about why you're doing and what you're doing..."
Keeping the wrong people in place is the fastest way to lose the right ones.