Article
RMP is Not QE
RMP is not QE, nor is it QT. It is an unprecedented, interventionist, unsound policy. The Fed is no longer backstopping the long end, forcing twenty years of interest rate suppression to finally unravel. Welcome to the Austrian nightmare.
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SpaceX Prices Biggest Ever IPO At $135 Per Share
SpaceX Prices Biggest Ever IPO At $135 Per Share
While there was little doubt as to SpaceX's actual IPO price, which due to its novel structure was always going to be $135, and unlike the proposed IPO price ranges as is customary for other initial offerings, moments ago SpaceX made it official when it filed a free writing prospectus (FWP) which confirmed the company sold 555.6 million shares at $135 each, making history with the biggest-ever IPO, launching it into the top ranks of the largest public companies and putting founder Elon Musk on...
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Jul 20, 2026 / Tyler Durden
China Is Building A System To Track Asteroids That Could Potentially Smash Into Earth
China Is Building A System To Track Asteroids That Could Potentially Smash Into Earth
China is expanding its planetary defense efforts with a new asteroid detection network aimed at spotting dangerous space rocks long before they become a threat to Earth, according to the South China Morning Post.
SCMP writes that the planned system will pair a network of powerful ground-based telescopes with satellites in orbit, giving scientists the ability to monitor the sky around the clock. Space-based sensors can also detect asteroids approaching from the sun's direction—objects that are especially...
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