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The success of the Starship rocket is critical to Elon Musk's plan to launch data centers in space.
If SpaceX succeeds with its technology, it will be a decade ahead of its next closest competitor.
Bloomberg macro strategist Simon White wrote in a MacroScope column that the financialization of GPUs is a nascent risk to the economy and market.
There have been $65 billion of debt deals backed by GPUs so far this year.
Power Law Corporation is a publicly traded, closed-end fund that owns stakes in private companies such as SpaceX and OpenAI.
The Power Law fund is backed by Akadian Ventures, a venture secondary firm with $1.36 billion in assets under management.
The Power Law fund's portfolio includes stakes in OpenAI, Calci, Databricks, Kraken, Stripe, Deal, Tether, Perplexity, Canva, Rippln, Figma, and Waymo.
Approximately 90% of US households are excluded from investing in private companies because they do not meet the criteria to be accredited investors.
Power Law intends to liquidate its position in SpaceX after the lockup period expires and reinvest the capital into other private companies.
Power Law strategically timed its public listing to occur before the SpaceX IPO.
The number of public companies in the US today is half of what it was 25 years ago.
Growth in the medtech and healthcare IT sectors is expected to slow down before resuming in 2027.