GDP is a measure of the amount of commerce per year, while global wealth is a net accumulation of all the work that has happened in human history.
Billionaires obviously get a disproportionate amount of income per year, but it’s far from 20% of all the world’s GDP. To make your math work that would assume they got all the wealth in a single year.
They autogenously pressurize the tanks - they heat up the cryogenic propellants with the engines and use some of the gas to pressurize the tanks. In Starship’s case it’s methane and oxygen.
Reputational damage from this is going to be catastrophic. Even if that’s the limit of their liability it’s hard not to see customers leaving en masse.
> The primary take-away seems to be that, since 2015, Republican confidence in higher ed has dropped 36%, and Democrat confidence has dropped 12%.
It’s a little hard to tease out how much of this is due to the demographics of Republicans and Democrats changing. There’s been a significant shift in education level between the two parties recently, and this may have offset some of what would otherwise be broad based decreases.
The broader decrease in faith in higher education is still quite clear signal though.
This is some serious cherry-picking. It's going private at a price below the initial IPO price of $48 from 3 years ago, and has generally significantly underperformed other tech stocks.
They might not be about to die, but they're not exactly healthy either.
> Congestion pricing hits the lowest earning individual the highest.
This is true for anything that you buy. I’m not sure why being able to drive a car into the Manhattan CBD deserves special treatment. It also already has an excellent subway system that millions take daily.
Billionaires obviously get a disproportionate amount of income per year, but it’s far from 20% of all the world’s GDP. To make your math work that would assume they got all the wealth in a single year.