RT @[email protected]

This is a fantastic article from @[email protected] that really gets to the root of Europe's launch industry struggles. There is a reason why there's not a single European launch startup pursuing medium to heavy-lift launch capabilities.
https://www.ft.com/content/4b9fccac-31a5-4ce3-8dd1-cb1c67e1ffee

🐦🔗: https://twitter.com/AndrewParsonson/status/1613506625045950467

Thought Leaders: "Programming will be obsolete within 5 years. All business software will be generated by AIs"

Actual Businesses: "actually we're mainly still on-premise, running on Windows Server 2003 and VBScript ASP, but our two-year plan to migrate everything into a cloud kicked off in 2015 and we're making steady progress."

💯

>I wrote about the texts back in September, arguing that they demonstrated “just how unimpressive, unimaginative, and sycophantic the powerful men in Musk’s contacts appear to be.” I still believe that. But now, armed with three months of hindsight, I’ve begun to think of Exhibit H as a skeleton key for the final, halcyon days of the tech boom.

@cwarzel

ELON MUSK’S TEXT MESSAGES EXPLAIN EVERYTHING

http://on.theatln.tc/vbSbvup

The story of Musk is just an impossibly cringe comedy of errors, and not just his.

At the time of the twitter acquisition, Tesla had bought $1.5b worth of bitcoin at roughly 36k, holding it on their balance sheet for a massive loss. Truly hideous unforced error, done for memes.

Bankers nonetheless decided to underwrite the CEO who made this decision to the tune of $12b worth of unsecured debt to LBO a growth tech company, which is an equally absurd idea.
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