While this is the orthodoxy, it should be obvious it is nonsense.

The idea that we must curtail production in order to reduce inflation is so incoherent that it damns the professional court economists who have spread it far and wide.

CEO: “We’ve spent tens of millions of dollars designing, developing, and tooling up to bring a new truck to market at a competitive price. We’ve worked out the entire manufacturing supply chain and have contracts in place with numerous vendors. We’ve placed orders for the thousands of parts, and hired highly skilled labor, and have extensively planned to have the man, machines, and materials all in the same place at the same time to actually pull this off. We have the working capital loans in place to let us run these operations. All that remains is the marketing outreach.”

CMO: “Okay, got it boss. Let’s start with one of the most highly visible parts of the marketing plan that literally every customer will interact with because of our sales model. Our contract marketing agency says they can develop a fantastic site for $200k - they have a great portfolio that shows they can make exactly what we need.”

CFO: “Fuck that, I just asked Claude to vibe code a marketing landing page. Looks great. Ship it.”

It seems like the SpaceX IPO really breaks the traditional notion of market cap.

Market cap has an unstated assumption that most of a company’s stock could, in theory, be traded unencumbered. Thus shares * price gives a very rough view of the value of the company. Everyone understands that this valuation has problems: it attributes the last marginal trade to the entire stock, and doesn’t account for large purchases/sales. But it’s useful nonetheless.

But with SpaxeX, only a tiny fraction of those shares are even theoretically tradeable, so it seems bizarre to calculate valuation using price * shares. I think this is the source of discomfort around the $2T market cap.

It seems like, similar to how there are long and short term liabilities, there should be long and short term market caps.

“Short term market cap” would be price * “number of shares that could theoretically be available for trade within the next year”, from all sources (including vesting employee options, expiring lockups, etc).

“Long term market cap” would be price * total authorized shares.

So SpaceX’s long term market cap would remain at $2T and its short term market cap would be, say, 5% of that (about $100B).

Complaining about slop with slop.

Pogroms; slavery; totalitarian dictatorship; theocracy; intentional mass starvation; mass organ harvesting; mass forced relocation; anarchy; failing to respond to unprovoked violence; restricting freedom instead of defeating the adversary.

Right now, the 5 and 10 year US treasury rates are 4.2% and 4.47%. The 30 year is 4.99%.

A business with a return on invested capital less than that is in fact operating at a loss. Unless there is reason to believe the situation will change in the near-to-mid future, such a business would literally be better off liquidating everything and just investing in treasuries.

You would need access to internal data to figure out their ROIC, but a 3% margin is not promising.

Moving up the org reporting chain lets you do more, because you have fewer people to convince.

It’s not as good as being fully independent, but that will never be an option for Minecraft again. Actually being spun off might even be worse, because any new owner will be even more fixated on just the numbers.

If one of your goals is to get others to adopt the software, I recommend you redo the marketing page and readme from scratch. Delete them without looking at them again, then hand write the content for them. Once you have the content, you call tell an LLM to format it into a nice landing page, but strictly keep your wording without changes.

https://m.youtube.com/watch?v=_AgKuFGvJfI

And the repo:

https://github.com/abtinf/homunctor

But, even granting they could be true, they would be true under the status quo.

Sure, a one off full body scan might be scary and lead to unnecessary action. But if a technology of the sort being described here were to exist, you would just get daily (or more frequent) scans to monitor the situation. Is that tumor actually growing or is it just a transient thing your immune system is dealing with? Way easier to tell if imaging is cheap, fast, and frequent.

And then there is the data.

No one knows what is actually going on in our bodies. If we had the ability to do billions of scans, imagine the longitudinal studies that could be performed.

It would radically alter medicine.