https://x.com/brivael/status/2065589299815514474
AI Summary: """French analyst Brivael Le Pogam argues that SpaceX closing its first trading day at 2.1 trillion dollars up 19 percent represents far more than a launch and satellite valuation. The market has placed a referendum on abundance versus managed decline choosing the vision of making humanity multiplanetary over decades of talk about sobriety and redistribution. Starship will slash the cost of reaching orbit by a factor of 100 not by shrinking existing markets but by creating entirely new ones. Once kilogram-to-orbit costs match the price of an airline ticket industries that become viable include orbital data centers running on continuous solar power data centers impossible to cool on Earth microgravity production of semiconductors optical fibers and printed organs mass orbital tourism lunar hotels point-to-point Earth transport in under an hour asteroid mining where a single metallic body holds more metal than humanity has extracted since the Neolithic and ultimately the infrastructure project of settling Mars. SpaceX does not need to enter these markets directly because it owns the gate to all of them functioning like AWS for an entire civilization. The post contrasts this with past pessimism about limits to growth noting that every dollar created will come from engineers technicians and builders rather than committees. A human will walk on Mars in livestream before billions by the 2030s and the day will render previous critics irrelevant."""
French analyst Brivael Le Pogam argues that SpaceX closing its first trading day at 2.1 trillion dollars up 19 percent represents far more than a launch and satellite valuation. The market has placed a referendum on abundance versus managed decline choosing the vision of making humanity multiplanetary over decades of talk about sobriety and redistribution. Starship will slash the cost of reaching orbit by a factor of 100 not by shrinking existing markets but by creating entirely new ones. Once kilogram-to-orbit costs match the price of an airline ticket industries that become viable include orbital data centers running on continuous solar power data centers impossible to cool on Earth microgravity production of semiconductors optical fibers and printed organs mass orbital tourism lunar hotels point-to-point Earth transport in under an hour asteroid mining where a single metallic body holds more metal than humanity has extracted since the Neolithic and ultimately the infrastructure project of settling Mars. SpaceX does not need to enter these markets directly because it owns the gate to all of them functioning like AWS for an entire civilization. The post contrasts this with past pessimism about limits to growth noting that every dollar created will come from engineers technicians and builders rather than committees. A human will walk on Mars in livestream before billions by the 2030s and the day will render previous critics irrelevant.
SOURCE: https://x.com/brivael/status/2065589299815514474 SOURCE (mirror): https://xcancel.com/brivael/status/2065589299815514474
It reminds me of the Kog-ship invented and built in Northern Europe to sail the North Sea and the Baltic (Hanseatic League)
Here is a nice view from the Germanic Museum: https://history-maps.com/museum/cog-ship
It could carry more, needed less crew, sturdier, smarter. It opened new markets, and supported existing ones. Its flat bottom came in handy.
The development of ships went slow, and increased over time. Think the flat bottom warships the Dutch used to defeat the combined navies of England and France in 1672. North Sea can be treacherous ...
I think it is quite exiting that new ships are built, new propulsion, new ways of communicating.
When you leave development to bookkeepers ... a civilization dies.
Anyone know how to get a job there? Genuinely curious. Have a logistics and spare parts background, thinking that might be useful if we are going to space lol
"asteroid mining where a single metallic body holds more metal than humanity has extracted since the Neolithic"
Right now, and for a good while, the cost of asteroid mining for Gold or Silver is technically impossible or too expensive to make it practical, but it want be that way for too much longer. (I'm talking about 20 years from know)
What happens to the price of gold or silver when mining of asteroids starts happening on large scale.
orbital
datasurveillance centers.Fify.
Anyone here fans of the book series Expanse? Looks like we are entering that age.
This whole thing stinks to high heaven. I can't figure out the play, but I suggest it's not what it appears to be.