Some people came to America on the Mayflower, but others are journeying to the metaverse aboard the Metaflower. A digital mega-yacht with two helipads and a DJ booth just sold for a record $650K.
Stocks fell again yesterday after the first confirmed Omicron case in the US was identified in California. According to Dr. Fauci, the person who caught the new strain was fully vaccinated and has been experiencing “mild symptoms, which are improving.” Will see, since they need more information, which is still unavailable. Super spreaders are still going on, just like Tartar for the Christmas Tree lighting at Rockefeller Center.
Elon says SpaceX faces a “bankruptcy” crisis, but it’s more about pressure than $$$
You’ve got Email… Elon mail. It’s the day after Thanksgiving. SpaceX employees are still digesting pecan pie, when Elon Musk sends a company-wide email that would give anyone indigestion: The lack of progress in developing Raptor rocket engines has created a “genuine risk of bankruptcy” for SpaceX. Employees spit out their pie as Elon intensifies:
- Not to make you feel bad, but Elon was going to take his first weekend off in forever, yet instead he’ll be “on the Raptor line all night and through the weekend.”
- Cancel Black Friday. Elon’s not sugarcoating it: “We need all hands on deck to recover from… a disaster.”
Starships were meant to flyyy… Nicki Minaj’s 2012 banger is also the name of SpaceX’s next-generation rocket being developed in Texas. Starship will first be used to take humans to the moon for NASA’s Artemis program. Then the fully reusable rocket will launch cargo and people on missions to Mars. But before Starship can fly, SpaceX needs to fix issues plaguing production of its Raptor engines.
- Starship rockets are also necessary to launch the next generation of SpaceX’s Starlink satellites. The first gen are major money losers.
- With its Falcon rocket, SpaceX has launched 1.7K first-gen satellites, with 140K customers paying $99/month for high-speed internet. But only Starship can launch the next version.
Sometimes pressure is the greatest motivator… SpaceX has raised billions, leading it to cross a massive $100B valuation. Investors are eager to continue funding it, plus its CEO is Earth’s richest person. And Elon has conceded that even if a global recession were to hit, a SpaceX bankruptcy is unlikely. But he has also underscored: “Only the paranoid survive.” Elon knows that fear sometimes drives results more than complacency. So he’s raising alarms to motivate employees to reach SpaceX’s ambitious goal of flying Starships at least once every two weeks next year.