SpaceX Stock Just Crashed — Here’s Why
Summary
Ed Elson analyzes the tech sector sell-off with Gil Luria, discussing volatility in chip stocks and SpaceX’s valuation concerns amid AI spending debates. Later, economist Aaron Dubé presents evidence that state-level minimum wage hikes boosted pay without reducing employment, advocating for a federal increase. Elson also updates his bearish prediction on SpaceX, warning of impending selling pressure from expiring lockups despite a recent bond offering.
Topics discussed
Sponsors and show intro
Market vitals and tech sell-off overview
Interview: Tech volatility and SpaceX drawdown
SpaceX bond offering and AI ROI concerns
Big tech valuations and Google researcher exodus
Market inconsistency and buying opportunities
Macro risks: Interest rates and geopolitics
Sponsors: Odoo, LinkedIn, and Geico
Minimum wage natural experiment setup
Employment impact of state minimum wage hikes
How employers absorb wage costs
Case for federal minimum wage indexing
SpaceX prediction update and lockup risks
Credits and closing sponsors
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