Sure, let’s smoosh SpaceX and Tesla together, who cares
Oh sure, SpaceX's credit risk is pretty high because it's about to borrow another $40 billion to spend on Nvidia chips, but who cares about that? SpaceX and Tesla have formed special committees to discuss a merger! The degree to which you find this…
CoreWeave’s debt is becoming the whole AI industry’s problem
CoreWeave had a bad week last week. Its bonds slipped into distressed territory by a common definition - when investors demand 1,000 basis points more in yield than they'd get from government bonds. Last Tuesday Chamath "SPAC King" Palihapitiya noticed…
The best gadget I bought this year is a milk frother
Back in February, I went to Los Angeles to take in some art and stayed in Koreatown. Down the street from my hotel, there was this little coffee shop - Stagger - that is, I think, best known for its matcha, which is good. But the drink I unexpectedly…