Andrew Wooster

Trying hard not to comment on the Current Thing.

Still on that post-Starship high, going through my photos and can’t believe what I’m seeing

Has anyone in LA ever been to this shop? It has a 1.9 star review on Yelp. The hundreds of bad reviews talk about the owners being impatient, berating customers for browsing; even hurling insults at potential buyers for their lack of music knowledge. The occasional good reviews all say they came in for specific purchases, the owner told them the same story about his collection and then they leave. I went a few years ago randomly after walking by, I ended up with a record but it was a pretty brutal experience honestly. 1/2

My wife mentioned a nice private school over dinner this week She said the campus was beautiful I asked what's the tuition She said we should look at it as an investment in him not a cost I made a note She said don't make a note I said I always make notes She said this isn't a deal I said everything is a deal She closed her eyes She said we'd discuss it Saturday I agreed Saturday 7:02am She came downstairs in her Saturday robe Coffee in hand I had my cargo shorts on The dining room had been cleared The projector was on The analyst was at the head of the table Quarter zip on, three iced coffees, a legal pad, and two laptops He had been there since 6:44am I texted him at 11:14pm Friday The text said dining room 6:45am bring the model He sent a thumbs up My wife stopped in the doorway She said what is this I said you said you wanted to discuss it She said this is not a discussion I did not respond She sat down anyway The analyst stood He said good morning ma'am She did not respond He sat back down A printed deck in front of each seat A fourth copy in case Slide 1 Tuition Schedule $38,500 per year Thirteen years $500,500 nominal Before escalators The school has raised tuition 4.2% per year for a decade With escalators $648,000 My wife said okay I said I'm not done Slide 2 Opportunity Cost Even before escalators $38,500 invested annually 10% nominal return S&P long-run average since 1928 By his eighteenth birthday $944,000 My wife said we can afford it I said I know that's not the slide Slide 3 Terminal Value at Age 65 $83 million She was quiet The analyst slid the sensitivity tables across the table 8% return $31 million 10% return $83 million 12% return $222 million She did not look She said this isn't about money I said it's always about money She said no it isn't I said then what is it about She did not answer She said you can't put a dollar value on his teachers his classmates his environment I said I can the analyst already did slide 6 He flipped to slide 6 She did not look She said the school is the best in the city I said best is a feeling She said it produces the best students I said the students were already the best before they got there She said our son deserves it I said our son deserves $83 million My son walked in He is five Dinosaur pajamas He looked at the projector He looked at the open deck on the table He looked at slide 3 He said are we modeling pre-tax or after-tax The analyst opened a new tab My wife looked at the ceiling He said what's the discount rate The analyst set down his pen She closed her eyes He said is this the same return assumption from the 529 conversation The analyst stopped typing He looked at me I did not say anything She stood up Sat back down He said dad can I help I said yes He pulled up a chair The analyst handed him a printout He started reading My wife watched him read She watched him for a long time She said his name He looked up She said do you like school He said the work is too easy and the kids don't ask questions She did not respond She looked at the ceiling She walked out of the room The analyst started packing up He said should I follow up Monday sir I said no follow up needed He'll be fine Sent from my iPhone

I am going to go insane explaining to people why training data and test data sets need to be distinct. FFS what are they teaching these days.

🔺NEW: Formally verified post-quantum ML-KEM and ML-DSA in corecrypto, with correctness proven from the FIPS spec down to hand-optimized ARM64 assembly — a world first at multi-billion device scale. And we're releasing our Isabelle libraries, ARM64 model, and Cryptol-to-Isabelle translator to advance the state of the art in verified cryptography! security.apple.com/blog/formal-ve…

The SpaceX S-1 landed and people are still doing the whole “rural people are poor there are no customers who can afford Starlink” bit. Weird.

The Starlink team is exploring ways to extend connectivity beyond our planet

Starlink from the moon:

Big if true

I've created a step chart depicting an approximation of the early release eligible shares revealed in SpaceX's S-1 on page 266 describes a staggered release. We do not know the precise size of the "early release eligible shares" block. We do know Elon's stake does not appear to be a part of it. However, I think this is the right call to manage supply and demand for what will be the biggest IPO ever. Especially given the potential for index funds buying. everyone loses if there is massive demand shock followed by a massive supply shock after 180 day lockup. Here is the exact language from the filing. Furthermore, there are automatic releases from these restrictions on a portion of securities earlier than 180 days as follows, for (i) the total number of shares of common stock comprising or underlying (as applicable) the outstanding lock-up securities, as of the date of this offering, subject to the 180-day lock-up period described above, and (ii) % of the total number of shares of common stock comprising or underlying (as applicable) the outstanding lock-up securities, as of the date of this offering, subject to the 366-day lock-up period described above (together, the “Early Release Eligible Shares”): a. on or after the second full trading day on Nasdaq immediately following the public release of our quarterly financial results (which for this purpose does not include “flash” numbers or preliminary, partial earnings) for the quarter ended June 30, 2026 (such date, the “First Earnings Release Date”), up to 20% of the Early Release Eligible Shares may be transferred; b. if the reported closing price of our Class A common stock on Nasdaq is at least 30% greater than the public offering price set forth on the cover page of this prospectus for at least five of the ten consecutive trading days ending on, and including, the First Earnings Release Date,, on or after the second full trading day immediately after the First Earnings Release Date, up to additional 10% of the Early Release Eligible Shares may be transferred; c. up to additional 7% of the Early Release Eligible Shares may be transferred on or after each of the dates that are 70 days, 90 days, 105 days, 120 days, and 135 days, respectively, after this offering; d. on the second full trading day immediately following the public release of our quarterly financial results (which for this purpose does not include “flash” numbers or preliminary, partial earnings) for the quarter ended September 30, 2026, up to additional 28% of the Early Release Eligible Shares may be transferred; and e. on or after the date that is 180 days after this offering, all remaining Early Release Eligible Shares may be transferred.

Great news, retail investors will officially be offered @SpaceX IPO shares! SpaceX shares will be offered to retail investors through the brokerages of Charles Schwab, Fidelity, Robinhood, SoFi and E*Trade. "Any purchase of our Class A common stock in this offering through these platforms will be at the same IPO price, and at the same time, as any other purchases in this offering, including purchases by institutions and other large investors." - SpaceX

SpaceX’s IPO filing has reveals a staggered insider share lock-up structure instead of one giant unlock all at once. There's no typical 6-month lockup. Here’s the timeline: • After Q2 2026 earnings: up to 20% of eligible insider shares unlock • If the stock trades 30%+ above IPO price for 5 of 10 days: another 10% unlocks • Additional 7% unlocks occur at 70, 90, 105, 120, and 135 days post-IPO • After Q3 2026 earnings: another 28% unlocks • Remaining shares unlock after 180 days Elon Musk is NOT part of the early-release provisions, meaning his shares remain locked longer.

We've already run this experiment. In 2000, NYC spent about $10k per student on education. That's about $20k per student in 2026 dollars. This year NYC will spend over $40k per student on education. So we've already doubled spending on education. Did it help? Bezos is right.

It will be very easy to spend the money counter-productively because nobody checks their research. Verbose blog posts and vaguely sourced UN reports win against boots on the ground knowledge.

This is maybe an overly polite way of saying that the AI labs are basing their ideology on verbose bloggers rather than good ideas or sound reasoning.

The parent tweet reminded me that there are college symposia I attended in the early 2000s the contents of which it would actually be imprudent to talk about.

And I thought I was bullish on SpaceX.

Looking forward to reading this one!

Apeel raised over $800 million from VCs. It was a safe, smart way to reduce food waste. Then came the MAHA influencers to wreck it. thefp.com/p/this-company…

Threads about threads, if you will.

It strikes me that I am glad big tech got hit by so many lawsuits they started deleting emails after a year. Otherwise we’d be using models trained on really tedious email threads about concurrency from 2004.