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WTF
AI companies are purchasing large quantities of used and rare books. Scanning their contents to train models. Then turning the originals to pulp.
The sum of human thought, digitized and shredded.
Every book that gets scanned disappears from the physical world permanently. The knowledge survives only as training data inside a system no one can hold, browse, or resell.
What used to sit on a shelf for centuries now exists as weights in a model that might get deprecated next quarter.
Elon Musk started SpaceX because Neil Armstrong inspired him.
Years later, his hero went to Congress and testified against him.
Three rockets exploded. SpaceX was running out of money. He bet everything on a fourth launch in 2008, and it worked, making SpaceX the first private company to reach orbit.
In 2010, the two men who made Elon dream about space in the first place, Neil Armstrong and Gene Cernan, told the US government that commercial spaceflight was a mistake.
Watch his face in this interview. He's not angry. He's hurt. His voice breaks when he says "those guys are heroes of mine."
He didn't quit. SpaceX now launches more rockets than any country on Earth. The same program Armstrong said would fail is the only American way to get astronauts to the ISS today.
Your heroes won't always cheer for you. Sometimes they're the reason you need to keep going anyway.
Elon just created 4,400 millionaires in a single day.
400 of them are now worth over $100 million.
These aren't VCs. They're SpaceX employees, and the list includes welders, technicians, and cafeteria staff, because for two decades the company paid every level of the workforce in stock instead of higher salaries.
Juan Hernandez immigrated from Mexico and took a $28 an hour contractor welding job in 2015. He says he didn't even know what SpaceX was. The company gave him a $10,000 equity grant and let him buy more shares through payroll deductions. That stake is now worth $880,000.
Trevor Hise's parents wanted him to take a stable job at General Electric. He picked SpaceX instead, stayed 12 years, and accumulated over 100,000 shares. At the $135 listing price that's $13.5 million. He's 37 and semiretired. His words: "The magnitude of this has been ridiculous."
The most telling detail came before the listing. Over 100 employees quietly banded together and negotiated a group wealth management deal covering up to $5 billion, because none of them had ever needed a wealth manager before.
Software IPOs have minted millionaires for 30 years. This is the first one where the money went to the factory floor.