a1445c8b
Joined 4 years ago
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Joined 4 years ago
My immature brain didn’t get past this sentence.
Test in production. YOLO!
As for money markets, don’t those get invested in treasury bills/notes anyway? Why go through a “middleman” when one has enough volume to invest directly?
Short-term obligations may not provide the yield that their financial structure requires.
10-year notes, in certain situations, provide an optimal combo of yield and risk. Provided, of course, that nothing major happens to the economy which wasn’t the case here. Then again, who’s good at predicting that?
In the end, it seemed like, given what was true at the time the decision was made, SVB made a rational choice.
1. The US would’ve been paying Russia about 10x the cost if SpaceX didn’t exist.
2. Boeing was awarded a ~$3B contract within the Artemis mission and, so far, the outcome is that they can’t safely bring back the astronauts they sent to space.
Those two factors alone indicate that it’s more a mutually beneficial relationship between SpaceX and the government with, arguably, SpaceX providing more benefit relative to the government.