

What Could Go Wrong: A Clear-Eyed Look at Terafab and Orbital AI Compute
Most of what gets written about SpaceX's newer business lines falls into one of two buckets: breathless enthusiasm about the future of manufacturing and computing, or dismissive skepticism that treats anything outside the core launch business as a distraction. Neither is useful if you're trying to actually understand what you own. This piece isn't a bull case. It's an attempt to lay out, as plainly as possible, what Terafab and orbital AI compute are trying to do, and where t


You Own a Lot of SPCX. Here's How to Think About Sizing It.
If you came into the SpaceX IPO already holding a meaningful position — through pre-IPO shares, employee equity, or a large allocation at listing — you're now facing a question every concentrated investor eventually faces. Not "should I own this," but "how much of this should I own." Most financial advice answers that question the same way, regardless of the stock: trim it down, spread it out, reduce the risk. That's a reasonable default for someone who got lucky on a random


Tesla and SpaceX Should Merge… But Not Like This
A Tesla–SpaceX merger could make a lot of strategic sense. That may surprise some people, given the way this conversation has been framed online. So let’s be clear up front. We are not anti-SpaceX. We are not anti-merger. We are not suddenly Tesla bears. If anything, the reason we’re talking about this is because we remain extremely bullish on Tesla, and we think Tesla shareholders need to be thinking about the terms of a possible merger before a deal is actually on the table







