Musk chose to make the political aspects unavoidable but I don’t think anything related to major investors’ reactions to one of the most hotly awaited IPOs here is primarily a political move. I’ve been on HN for a while and people here have always had a soft spot for SpaceX — there are probably grown adults now who were born after their parents were speculating about the company here! — and the valuations of SpaceX and Tesla have been the topic of discussion for many years, too. Toss in AI and X and it’d be more surprising if it wasn’t getting a lot of chatter.

Political tribalism wearing a mask of financial news. There are many pension funds and many large companies with valuation problems. Plenty of them in the tech sector. Everyone involved in propagating this story understands the political move they’re making.

Personally if anyone cares my take is that our economic problems are basically structural and geometric at this point. DC is a circus of people tasked with solving them and with the general competence the process selects for, the problems are in a practical sense unsolvable. So instead we get the tribal war spectacle over who holds the pen. Meanwhile the problems sit on the desk with a blank in the answer space.