-- SpaceX began trading on Nasdaq on June 12, 2026, after pricing at $135 a share and a valuation of $1.77 trillion — roughly 94 times its 2025 revenue of $18.7 billion. That multiple has no precedent in the public markets. It exceeds Nvidia, dwarfs every cloud infrastructure company, and makes the dot-com era look conservative. Analysts will spend months debating whether the number is rational. But the number is not the point. The point is that SpaceX could not have been bui

How Retail’s Best Leaders Structure Their Most Consequential Bets — and What Separates Disciplined Boldness from Reckless Conviction - - “The leaders who failed were not reckless. They were disciplined — about the wrong things. The discipline itself was the problem.” On the morning of March 28, 2007, Circuit City store managers across the United States assembled their teams and read from a corporate script. In a single coordinated action, 3,400 of the company’s most exper

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