Dan Primack
74.6K posts
Dan Primack
@danprimack
Biz editor @Axios. Pro Rata newsletter. [email protected]. Native Masshole. DM for Signal/Telegram.
Boston-ish Katılım Eylül 2008
5.1K Takip Edilen160.6K Takipçiler
Spirit being run poorly and Spirit shutting down because of high jet fuel prices are not mutually exclusive.
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@bradynichols88 I’m very very aware. Trying to distract myself while on a plane
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It’s impossible to know if AI optimists or doomers are right.
But we do know that optimists are writing the rules and raising unprecedented capital to pursue their goals. They’ve won, even if they’re wrong and everybody loses.
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Today's newsletter:
F1 dealmaking, Francis Suarez's new gig, and what Meineke has to do with Dunkin'
axios.com/newsletters/ax…
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Three biotech IPOs this week. Each one raised its number of shares and priced atop range.
Suggests that Wall St is slightly underestimating investor interest in new biotech issues.
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You can argue that high gas prices are a price worth paying, vis-a-vis the possibility of a nuclear Iran. Reasonable people can disagree on that.
You can't argue that gas prices aren't at their highest rate in 4 years, and climbing. Because math.
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@danprimack Still see nothing wrong with it if it is transparent. People can select what risk/reward they want, no?
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Only Elon can fire Elon. reuters.com/world/only-elo…
This is just the strangest IPO. It's essentially a brand new company with a brand new mission, given the "x" acquisitions and orbital data center plans. Reliant on a single point of failure.
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@jhong Not same imho because of the timing. The x mergers are brand new. So is the new strategy. Usually you let things marinate a bit before ipo, let alone largest ipo ever.
So the entire bet — bigger than fb at ipo or news corp ever — is on one guy’s vision/execution
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@danprimack Same as zuck, Armstrong, Murdoch family, many others. As long as it is a transparent structure I see zero wrong with it. It's why I buy and hold some of these shares. Founders with voting control can ignore the street's shorter term focus.
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It's interesting that while California VCs bemoan the billionaire's tax, and threaten to leave, the state may be poised to elect Tom Steyer as its next gov. He's a billionaire venture capitalist.
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Jet fuel price surge could spark airline dealmaking axios.com/2026/04/29/jet…
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