Pricing the Impossible
SpaceX, Frontier Capitalism, and the Financialisation of Space
SpaceX is usually discussed through the language of technological disruption, founder exceptionalism, or geopolitical ambition. Each of these readings captures part of the phenomenon, but
… Read the essay →When Uncertainty Becomes the Baseline
Why markets rise through instability - and why that may be rational, until it is not
Equity markets are rising through a world that looks unstable by every conventional measure. The usual explanation is complacency. The more accurate one is that
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