It depends at least partially on how much they're going to float. I think SpaceX is only planning about a 4% float, so even at $1.5T they only need around $60B. Which is a drop in the bucket.
EDIT - but that's just the IPO, I wasn't even thinking about how much insiders will want to sell after the lockup ends...
According to this article, the air traffic controller gave the fire truck permission to cross the runway. So, it seems like they are part of the air traffic management system?
My understanding is that while politicians generally focus on trade deficits being the result of unfair trade practices or high US labor costs, the majority of economists think that foreigners preference to invest in US financial markets is the main driver.
> I wouldn’t say what I do is incredibly hard. But it’s also not just “do whatever you want all the time”.
I think the difficulty varies from person to person a lot more than people realize. We all end up making decisions between what we want to eat and what we think we should eat, but the level of deprivation people feel when they forego the tasty option for the healthy option seems to vary.
I think we eat similarly, and it's not incredibly hard for me, but I think it's much harder for some people.
Rock climbing is probably going to be just as good at weight lifting. My understanding of the mental model here is:
Up until around age 60, your body adjusts your muscle mass based on usage. Somewhere around 60, you start losing muscle mass. If you have just enough muscle for day to day activities in a sedentary life at that point, then over time daily tasks like carrying groceries or standing up out of a chair are going to become prohibitively difficult. You need to do something that encourages your body to grow more muscle than you need for day to day life so that you can afford to lose some of it.
Even if you're active, body fat is still a contest between food drive and will power, which vary widely between people based on genetics and upbringing. Realistically, people with very high food drive and easy access to junk food are going to struggle to maintain a healthy level of body fat even with an active lifestyle.
I know several people who lift weights three times a week, run for at least thirty minutes three times a week, and were still consistently 20-40 pounds overweight before Ozempic and similar drugs.
There's more and more research that says you do need to do some sort of resistance/strength training to minimize morbidity and mortality. It doesn't have to be weight lifting, but if you're only doing cardio you're missing something.
A friend of mine has a junior engineer who does this and then responds to questions like "Why did you do X?" with "I didn't, Claude did, I don't know why".
Java's in great shape now, but the period between when Oracle bought Sun (~2010) and about 2017 wasn't great, and there was a lot of concern about Java's future. I think most people who moved away from Java then haven't looked back.
Most of the things people say about efficient markets assume low barriers to entry. When it takes years and tens of billions of dollars to add capacity, it makes more sense to sit back and enjoy the margins. Especially if you think there's a non-trivial possibility that the AI build out is a bubble.