James Thomason

The value chain cascade

It's shovels all the way down

Google, a $100B SpaceX shareholder, suddenly needs $11B of SpaceX compute before IPO

Boxabl folding home SPAC is an unfolding disaster

Nasdaq drains 401ks into SpaceX, Anthropic, OpenAI IPOs

SpaceX's IPO Bagship carries full payload of Elon's mistakes

Where bad ideas go to fly

Narratives pick the KPI, and the KPI picks the losers

The pricing game versus the valuation game

Too many winners, not enough market

The option premium view of bubbles

Moore or less the bottleneck

The AI utility trap

Deus ex nihilo

We're having turtle soup

It's good to be the king

Notes on becoming a vampire

It's almost over

Death rattle in the dream machine

Quantum thermodynamic flatulation

Oracle flaps but will it fly?

Nvidia's strategic problem

Google's public AI struggle session

Identifying sub-themes in the AI wave

Google might even come back to win this round of AI

Investing in the Long Waves

Sitting at Nietzsche's slot machine