Notebook
Writer. Essays and notes on how the world works and how we live in it.
What SpaceX Is
SpaceX’s own filings reveal a private company deeply embedded in US military, intelligence and government infrastructure through satellite launches, secure communications, surveillance, sensing, targeting and long-term public contracts and programmes.
Public Stock, Private Monarchy
SpaceX shows how a company can enter public markets without accepting public control: a tiny float, declared price, locked governance, and a market willing to turn belief into capital today.
The Mystical Valuation of SpaceX
SpaceX’s planned record IPO values it near $1.75 trillion despite heavy losses; investors price Musk’s visionary myth, surrender control and treat the offering as existential escape rather than rational finance.