Blue Origin Rocket Explodes in Apocalyptic Mushroom Cloud - Week in Tech
About this episode
The episode discusses Blue Origin's rocket explosion, the shadow market for pre-IPO equity in tech companies, and the potential economic implications of AI.
Blue Origin's latest rocket test ended in what the company called "an anomaly" — and what everyone else would call an explosion. Reed Albergotti ( Semafor ) explains why blowing things up is just part of the process and why the US Space Program is probably going to be fine. Then, Kyle Chayka ( The New Yorker ) pulls back the curtain on the shadow market for pre-IPO equity in OpenAI, Anthropic, and SpaceX. It’s a mania where people are willing to take pre-IPO stock as payment for $2.9M houses. It's frothy out there. Finally, Taylor Lorenz ( User Mag ) digs into the concept of a ‘permanent underclass’ — the fear that letting AI run rampant could freeze everyone in their current economic position forever. Do we laugh it off or get serious about regulation? Additional Reading: Blue Origin and Amazon Had Momentum. Then Came the Fireball. | The New York Times A Booming Shadow Market of Sketchy A.I. Investments | The New Yorker You Are About to Become Economically Worthless | User Mag Silicon Valley Is Bracing for a Permanent Underclass | The New York Times Download SAILY in your app store and use our code techstuff…
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