Opinion | Our Stock Market Is Broken

kept by eddie jun 09

The SpaceX IPO exemplifies how hype and speculative optimism, fueled by regulatory changes and an insular investor ecosystem, have broken the stock market's link to fundamentals.

The SpaceX IPO and Data Centers in Space – Stratechery by Ben Thompson
SpaceX's $2T IPO lacks financial justification, but data centers in space for agentic AI inference could make the valuation plausible.
also on Starlink, Tesla, xAI, #space, Elon Musk, SpaceX, #business-strategy
Read TIME's Full Interview with SpaceX's Gwynne Shotwell
SpaceX president Gwynne Shotwell outlines the company's merger with xAI, AI integration in rocketry, Starlink's 10 million subscribers, and plans for AI satellites and lunar manufacturing.
also on Starlink, xAI, #space, Elon Musk, SpaceX, #business-strategy
On Dwarkesh Patel's 2026 Podcast With Elon Musk and Other Recent Elon Musk Things
Elon's podcast reveals confused AI alignment, plans for space data centers and human obsolescence, while xAI's safety team has fled and he attacks critics.
also on Tesla, xAI, #space, Elon Musk, SpaceX, #culture, #business-strategy
The Steady Hand at SpaceX Is Not Elon Musk
Gwynne Shotwell serves as the stabilizing force at SpaceX, counterbalancing Elon Musk, as the company readies for a blockbuster IPO.
also on xAI, #space, Elon Musk, SpaceX, #startups, #culture, #business-strategy
X blames users for Grok-generated CSAM; no fixes announced
X blames users for Grok-generated CSAM and announces no fixes, while HN commenters question the platform's liability and lack of safeguards.
also on X, xAI, Elon Musk