The Illusion Of Value
I'm in the middle of a yet another round-the-world trip. Started two weeks ago in Europe for the Milan Bluetooth Member Summit , followed by the ultra dense in meeting Guangzhou International Lighting Exhibition in China. Next week I'll have a number of customer meetings in the USA. Luckily there is a short weekend pause in between, which I decided to spend in the "TikTok city" of Chongqing. It is a 6-hour high speed rail ride from the coast (the CR400 "Fuxing" at 350 km/h ), which I spent almost entirely glued to the window, with my brain working in the background to aggregate and generalize the inrush of information of the past 14 days. One of the puzzles I was trying to solve was the explosive SpaceX IPO, which, on the surface, has never made any sense to me. Everything I know about SpaceX, plus what I read in the S-1 filling, is a pure fiction (with the exception to the Falcon rockets that represent the solid part of the business). That is on the surface...