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Turns out there are still some adults in the room… S&P Dow Jones Indices will keep its existing eligibility requirements for the S&P 500, rejecting proposals that would have made it faster for mega-cap companies such as SpaceX to gain rapid entry into the benchmark after going public. https://www.bloomberg.com/news/articles/2026-06-04/s-p-dow-jones-keeps-megacap-ipo-rules-as-is-after-consultation
“Based on the numbers we know, that’s absolute batshit”
A $25 billion Danish pension fund that earlier this year made headlines by ditching Treasuries as Donald Trump was threatening to seize Greenland now says it won’t touch SpaceX. The company, which is targeting a valuation of at least $1.8 trillion in its initial public offering, is not only “grossly overvalued” but also marred by a “catastrophic governance…
I this morning I read this: Living through the Trump II presidency is an exercise in repeated loss and extended mourning for what is gone — while being daily confronted with the farcical and the absurd. Yeah it is, but as is pointed out later… this type of hyper fascism falls in on itself. The…
The $150K Stupidwagon destined for a $15-20K price point
The arrival of a purpose-built ship owned by Chinese car manufacturer BYD that docked in Melbourne on Sunday carrying 5000 vehicles has been described by an analyst as a turning point in the electrification of Australian road transport. The BYD Zhengzhou, one of a fleet of eight car-carrying ships owned and operated by BYD, normally…
The harm unlocked by tying criticism of the state of Israel with antisemtism hurts my heart Connecting criticism to antisemitism creates a short hand that allows bigots to attack Jews wholesale. It’s a cheap rhetorical trick that hurts in both directions. It is a lazy and cynical connection that obscures pain at the expense of…
The stack of insanity that the SpaceX IPO unlocks grows like a jenga tower: This dilution would benefit exactly one person: the one person in the world who currently has a higher wealth-number than anyone else, and would harm everyone else who happens to be invested in that stock (or in living on a planet…
Ignoring the fact that Hinton lost the plot many moons ago… LLM researchers are NOT creating beings. They are creating interactive fiction that is trained to predict the language of actual beings. Those two are NOT the same. And Hinton should know better. The brainfuck that is ELIZA is amazingly powerful. https://garymarcus.substack.com/p/the-pope-appears-to-understand-ai
Dave5 