Happy Friday.
The coverage of SpaceX’s gigantic IPO (initial public offering) on CNBC this morning was wall-to-wall, with hyperbole reaching the moon.
Could orbital data centers running on solar power one day beam information back to Earth using lasers?
Time will tell.
Here is Ron Lieber, writing for the New York Times about missing out on SpaceX’s IPO:
Elon Musk may be about to become a trillionaire.
Many of the people who work for him at SpaceX are about to hit seven-figure jackpots — or more — via the company’s initial public offering.
And individual investors are lining up for a chance to buy shares for the $135 opening price. There are so many of them that some brokerage firms are, in effect, running a lottery for $135 tickets.
Do you have fear of missing out? That’s natural, maybe inevitable. But this is a fine time to remind yourself that you can in fact win if you don’t play this week. JOMO, the joy of missing out, is a reasonable alternative to FOMO.
Lieber goes on to suggest that we revisit our medium- and long-term goals.
You might be surprised to find how many of them you have reached.
He mentions members of his immediate family that had survived cancer, that investing his savings in index funds over many years have paid off, that he has never bought shares in an IPO, and that he still works without boredom or fear of termination.
