Profile picture
Tren Griffin @trengriffin
, 3 tweets, 1 min read Read on Twitter
Why was there such a big opportunity under the traditional launch provider pricing umbrella for SpaceX? The answer is the traditional providers did not think demand would increase if they lowered price. SpaceX invested to lower price (eg reuse) because Musk wants to go to Mars.
Bezos knows that it will take time and is uncertain whether lower rocket launch costs increase demand so he is investing in new markets like passengers. He has patient capital and is proceeding step by step. bloomberg.com/news/features/…
Bezos selling the ride to potential space tourists: "The crew capsule has a half-dozen large windows, so its astronaut-tourists will have a fantastic view of the gentle curvature of Earth." This is new demand that expands the existing commercial satellite launch TAM of ~$5.5B.
Missing some Tweet in this thread?
You can try to force a refresh.

Like this thread? Get email updates or save it to PDF!

Subscribe to Tren Griffin
Profile picture

Get real-time email alerts when new unrolls are available from this author!

This content may be removed anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

More from @trengriffin see all

Profile picture
"According to the survey results, the median pay for full-time writers was $20,300 in 2017, and that number decreased to $6,080 when part-time writers were considered. The latter figure reflects a 42 percent drop since 2009, when the median was $10,500."
In my blog post on writing books I wrote: "6. Don’t expect to earn more than the minimum wage and be thrilled if you earn more." google.com/amp/s/25iq.com…
"In Mémoires (1759), Voltaire recalled how in his youth he had come across so many writers who were “penniless and held in contempt” that “he had decided not to add to their number.” laphamsquarterly.org/luck/voltaires… "Thanks to his fortune he was free to pursue his writerly life."
Read 3 tweets
Profile picture
"Companies can lose a lot of money in their early years but be wonderful businesses if they are acquiring customers with long lives and strong variable margins."

But some businesses just do the losing money part. A critical skill is knowing the difference between the two types.
Customer-based corporate valuation (CBCV) = valuing a business on a "bottoms up" basis by valuing the customers. In a subscription business especially, this is an essential process if you want to understand if real value is being created despite a lack of current GAAP earnings.
"CBCV isn’t about being profitable from day one. It’s about variable profitability in net present value terms (while still being mindful of fixed cost overhead of course!)" Determining whether a specific business is a delicious cheesecake or a turd requires detective work.
Read 6 tweets
Profile picture
“The Fasten Seat Belt sign is now illuminated. If you haven’t already done so, please check your cash and cash equivalent balances. Please lower your burn rate and make sure your defensive investments are in their full upright position.”
“If you find yourself needing an emergency exit from illiquid investments, please read carefully the special instructions card. Cash is more king than ever. If you can’t handle the haircut you are about to experience, please ask someone to do the selling to raise cash for you.”
“We remind you this remains an uncertain and no sympathy correction. No one knows anything for sure as is usual. Crying and whining is prohibited, including in the lavatories. Tampering with, disabling or destroying your brokerage statements is pointless and prohibited by law.”
Read 5 tweets

Related threads

Profile picture
1/ Thread on @SpaceX trying to raise $500mn in the wake of a punishing @WSJ exposé based on our latest note: gurufocus.com/news/787786

$TSLA $TSLAQ

@markbspiegel @TeslaCharts @BlondesE @WallStCynic @painfulshort @iamhubris @orthereaboot
2/ In its last funding round, in April 2018, #SpaceX was valued at $27.5bn. As of this latest round, it's now valued at $30.5bn. That is crazy for an unprofitable company facing a weak 2019 launch schedule & mounting competition. $TSLAQ

@MelaynaLokosky

theinformation.com/briefings/3117…
3/ The valuation is even crazier when one recognizes that, not only is #SpaceX unprofitable, it deliberately tried to deceive the debt market about that fact by excluding a number of critical expenses from its prospectus. Classic @elonmusk and $TSLAQ

seekingalpha.com/article/422188…
Read 12 tweets
Profile picture
The term “PROVIDER” is very derogatory and insulting. Do you know the history of this term? See the IMAJ (Israeli Medical Association Journal).

bit.ly/2QxJFox
2. “Only a few months after the Nazi seizure of power on 30 January 1933, the German Society of Pediatrics asked their members of Jewish descent either to resign voluntarily, or be stricken from the memb bership list. “
3. “The Society rapidly embraced Nazi racial policy and by 1934 the remaining Society members were already gleefully holding their first fully Aryan National Pediatric meeting.”
Read 8 tweets
Profile picture
(1) My Top Ten Aretha Franklin hits.

No politics tonight. Only soul.🕶️🌟

(2) At the age of 10 I was introduced to the Queen of Soul through this scene in the classic 1980 movie The Blues Brothers.

If for some reason you haven't seen this movie, you know what to do.

#Think

(3) Then I found out Aretha Franklin sang R.E.S.P.E.C.T. in 1967. One of her biggest hits.

Read 17 tweets
Profile picture
Thanks, John. I hope EVERYONE reads the @ProPublica piece on Liberty with a side of #LowerEd @AlecMacGillis has done a great job showing how LowerEd is not only a #4profit phenomenon nytimes.com/2018/04/17/mag…

Let's read it together, shall we?
One thing I point out in the #LowerEd epilogue is that there is a political context to shifting legitimacy to corporate highered. The GOP isn't shy about it. It's their official policy platform. Of Liberty, Alec shows this nicely
It is the context that colleagues like @Lollardfish @ldburnett @reclaimUC have tirelessly researched, written about and archived: the culture wars never ended. They merely transformed and became more deeply ingrained in "legitimate" political discourse
Read 37 tweets
Profile picture
1) There’s a lot of BS about @nntaleb’s Black Swan, antifragility & skin in da game. Let’s take the gloves off and get into trouble.
2) When the Swan flew out, it was immediately butchered by imbeciles not understanding that you can’t predict the unpredictable.

That is the point – and an IQ filter NNT himself proly did not expect.
3) In any complex domain – life! – the Blackest Swan is always skulking around the corner. You know it’s coming, but you don’t know what where when. You can't tame what you've never even conceived of.

Can you get it?
Read 46 tweets
Profile picture
Launch a company in Kenya, employ Kenyans so you look legit when fund raising. Yes. You're powering Africans and changing Africa. Fire them and outsource their work to yt folk. Well played.
How do you know a start-up is Kenyan?
Simple.

Check it's c-level salaries. Is it paying Kenyan start-up salaries or expat salaries?
One day, we will talk about how these companies falsely position as African, and take up positions meant for African businesses when it comes to grants, spaces in accelerators, publicity etc.
Read 27 tweets

Trending hashtags

#powerful #physician #Erdogan #philosophy #DeepState #QuotesAboutDelena #fighting #NoDamsel #Trump #music #Think #CivilWar #ThePoliticiansKnewAllAlong #control #DigitalSoldiers #Military #provider #Education #Model3 #MuellerInvestigation #lies #MerryXmas #RippleEffect #Venezuela #Veterans

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just three indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member and get exclusive features!

Premium member ($3.00/month or $30.00/year)

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!