PJ Vogt
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Appearances Over Time
Podcast Appearances
This month, SpaceX, Elon Musk's rocket ship company, which also owns Starlink, his satellite internet company, and x.com and XAI, went public.
History made on Wall Street today, SpaceX going public, the biggest IPO ever launched.
The largest initial public offering in all of human history.
And that's been driven in an unprecedented way by retail investors.
According to the New York Times, in the week after SpaceX first began selling to the public, retail investors have purchased a net of $370 million worth of stock.
More, the Times said, than the net retail buying of NVIDIA, Microsoft, Alphabet, Meta, and Amazon combined over the same period.
How do you begin to think about something like this?
That the social forces that pushed GameStop, a store that sells physical copies of video games, up the leaderboards, that those same forces are now aimed at something much larger.
at Elon Musk's promise that the future of AI sits with him, with him using rocket ships to launch data centers into orbit.
When the future confounds me, as it usually does, I look at the present.
When the present confounds me, as it usually does, I look at the past.
This week we are doing an extreme version of that.
We're going to go back to the creation of the stock market, an accidental invention over 400 years ago.
we're going to understand how and why that happened, how a tool for funding sea voyages has evolved into something somewhat different today.
And by the time we're done, the present will make a little more sense to you, the future will make a little more sense to you, and the Netherlands will make a little more sense to you.