Iran, SpaceX, and a Nervous Bond Market | The Week
Scott Galloway breaks down three threats to the economy: rising bond yields, the SpaceX IPO at a $2 trillion valuation, and the US handling of the Iran conflict.
The gist
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30-year Treasury yields hit 5.2%, the highest since 2007, and odds of a Fed rate hike jumped from under 10% to 40%.
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Galloway says SpaceX is priced at 106 times sales, roughly 5 times richer per dollar of revenue than Nvidia, which grows much faster.
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AI startups built on debt face a squeeze as borrowing costs rise and revenue growth fails to keep pace with capital spending.
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US interest payments now run about $1 trillion a year, and Galloway says higher rates will drag on consumers and heavily indebted companies.
The Prof G Pod – Scott Galloway and This Week in Startups agree on 3 things
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American Express
· "I went to the American Express office and cashed travelers check."
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