ByGoalZ

SNEAK PEEK 👀 Here's an overview of Starship HLS's mission profile. We eventually go over all the numbers & do some calcs to see if there's ways to reduce the tankers. I'll have a full-ish 90 min rough draft review up tonight for X subscribers, Patrons & YouTube members!

1) Automotive gross margin is 20%. Robotaxi gross margin will be 70-80%. When Robotaxi hits automotive revenue, Tesla will have quadrupled its profit. 2) At $1/mile, there would be demand for tens of millions of Robotaxis 3) that means the stock would be in a situation of 4x higher profit with 10-100x growth in front of it - with no hurdles and no competition, only limited by manufacturing capacity 4) which means the stock would be at something like 10x of where it is today

did we really have to make it that compact and close them all by default everything just blends together now

Two Tesla Cybercabs rolling through the Bay Area with roof-mounted ground mapping LiDAR rigs! 👀

This is the most SHAMELESS structural manipulation of a major index I've ever seen. SpaceX is preparing what could be the largest IPO in history. Target valuation: $1.75 trillion. That would make it the sixth-largest company in America on day one. And Nasdaq wants the listing so badly they're literally CHANGING how the Nasdaq-100 works. In February, Nasdaq published a "consultation" proposing sweeping changes to how companies enter the index. The timing is pure coincidence, of course. Just like it's pure coincidence that SpaceX has reportedly made fast index inclusion a CONDITION of listing on Nasdaq. Here's what they're proposing: A new "Fast Entry" rule would let any newly listed company whose market cap ranks in the top 40 of current Nasdaq-100 members get added to the index after just 15 trading days. No seasoning period. No liquidity requirements. Completely exempt from the standards every other company had to meet. Currently, new public companies typically wait up to a year before they're eligible for major index inclusion. That waiting period exists for a reason. It lets the market establish real price discovery. It protects passive investors from being forced into untested, illiquid stocks. And Nasdaq wants to throw all of that out. For ONE listing. But the Fast Entry rule isn't even the worst part... The real scandal is the 5x float multiplier. Right now, the S&P 500 uses a free-float adjusted methodology. If only 5% of a company's shares are available for public trading, the index weights you at 5% of total market cap. That's common sense. You weight a company based on what investors can actually buy. Nasdaq's current methodology already uses total market cap rather than free-float for weighting. But for very low-float stocks, they at least had a 10% minimum float threshold. Under the new proposal, that threshold DISAPPEARS entirely. Instead, any stock with less than 20% free float gets weighted at FIVE TIMES its actual float percentage, capped at 100%. Do the math on SpaceX: If SpaceX IPOs at $1.75 trillion and floats 5% of its shares, there would be roughly $87.5 billion worth of stock available for public trading. Under Nasdaq's proposed 5x multiplier, the index would weight SpaceX at 25% of its total market cap. That means passive funds would be forced to buy as if SpaceX were a $437.5 billion company. But only $87.5 billion of stock actually exists in the market. You are forcing hundreds of billions in passive buying into a $87.5 billion float. QQQ alone manages nearly $400 billion. The total Nasdaq-100 ecosystem represents over $1.4 trillion in exposure across ETFs, mutual funds, structured notes, and derivatives. Every single passive vehicle tracking this index would be REQUIRED to buy SpaceX at whatever price the market dictates. On Day 15. With zero price discovery. Zero track record as a public company. And a float so thin you could read through it. So what this actually does is it creates a structural wealth transfer mechanism. The passive bid from index funds pushes the stock price higher. That higher price benefits exactly one group of people: the insiders and early investors who own the other 95% of the shares. And when lock-up periods expire 90 to 180 days later? Those insiders sell into the artificially inflated passive bid. Your 401(k) is the exit liquidity. This is the fundamental corruption of indexing. Indexing used to be brilliant. Low cost. Efficient. You were free-riding on the price discovery done by active managers. The index reflected the market. Now the index IS the market. Trillions of dollars flow blindly into whatever the index tells them to buy. And the people who control the index methodology are changing the rules to serve the interests of a single IPO candidate. The S&P 500 requires companies to have at least 50% of shares available for public trading. It requires 6 to 12 months of seasoning. It uses free-float adjusted weighting so passive investors aren't buying phantom liquidity. Nasdaq is doing the exact opposite. 15 days. No float requirement. 5x multiplier on insider-held shares. Every passive investor in QQQ, QQQM, and every fund benchmarked to the Nasdaq-100 should understand what's about to happen: The rules are being rewritten to benefit IPO issuers and early-stage insiders, and your capital is the tool being USED to enrich them. 45 years in this business and I've watched Wall Street find creative new ways to separate retail investors from their money in every cycle. But usually they at least try to be subtle about it. This one they put in a PDF and called it a "consultation." What's your take?

The ones they showed on the stream were for the pinned tiles. Has holes cut for the pins to stick thru on the bottom, with the edges folding up like you mention. The tiles in these pictures are all glued tiles (spot the purple residue everywhere, and the hull ground down to make a good surface). the glued tiles use continuous strips of the wool around the edges, no back face like the pinned ones. Because they need that back face to be exposed to the glue. The wool is glued on that outside face of the tile and then put into place on the ship. You can see the seam of one of these strips here as it's wrapped around all the way and directly glued to the side faces of the tile

New white heat shield tiles are being installed on the leeward side of a nose cone in Starfactory tonight. 3/6/26

They get paid when they complete milestones, the only money they have received is because they have made progress on the lander. The lander is targeted to be ready for Artemis 3 (mid 2027) so it is no surprise that SpaceX has not delivered on the full lander over a year in advance.