SpaceX Needs to Get to $5 Quadrillion to Rival Mag Seven Magic
I can't stop laughing at the absurdity of these IPO's
Monday, June 1, 2026
It’s hard to imagine the three debutantes delivering a post-IPO payoff anywhere near what publicly traded technology giants have produced in recent decades.The math is laughable, in fact. Median market capitalization at IPO for the Magnificent Seven was $1.2 billion. Their median market cap is now $3.1 trillion, more than a 2,500-fold increase. For SpaceX to achieve comparable growth from a $1.8 trillion starting valuation, it would have to approach a value of $5 quadrillion.
Sunday, May 31, 2026
The beating heart of the American experiment is the social contract theory of government, the idea that the leader derives his legitimacy not by divine right but through the will of the people. That is not to say that the people are always right when they approve of a war, but when the elected representatives vote to send men and women into combat, a clear message is sent: We are in this together.
Saturday, May 30, 2026
Democrats need to face a hard truth. While Republicans’ approach to the Israeli-Palestinian conflict has failed, so has ours. The Democratic Party has provided reflexive and unconditional support to Israeli governments, even as their actions have increasingly undermined American interests and values.
“Given all the hype,” Gary Black, a managing partner at The Future Fund, which manages hundreds of millions in exchange traded funds, wrote on social media that SpaceX was “likely to be way overpriced”
For Wall Street, the Only Thing Worse Than SpaceX Flopping Is Missing Out
Elon Musk and his bankers are working to create a self-fulfilling prophecy for the massive public offering: Make investors feel that the risks of passing it up outweigh those of buying into it.
Wednesday, May 27, 2026
So in the coming weeks, if the Mets fan in your life remains irrationally optimistic, please just smile and nod and let us have this moment. Save your pity, your memes and your concern for our sanity, and just leave us be. And if you simply can’t resist, get your jokes in now. Because when it actually happens — when the Mets stop losing, make the playoffs, then win the World Series and shock the world — you know I’m never going to shut up about it.
The Only People I Don’t Want to Hear From Are Yankees Fans
Mr. Gordon is the author of “So Many Ways to Lose: The Amazin’ True Story of the New York Mets — the Best Worst Team in Sports.”
Trump and his clown-car team did none of that. Yes, they brought immense military force to bear and damaged Iran’s nuclear and conventional military capabilities. Those are very good things. And if Trump can get the near bomb-grade uranium out, that would be an even better thing. But his supporters shouldn’t fool themselves or our allies: Even if he achieves those things, we will now have to pay for them by giving one of the world’s worst regimes a new lease on life, a permanent stranglehold over critical world oil supplies — and the resources to continue making terrible mischief in the region.
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