Hvem mon der har smidt Makrel i tomat på denne her liste? #dkpol

Microducks on stage for Jensen Huang’s famous keynote! We couldn’t be prouder of our little ones. 🥹

Anthropic Revenue : $16.3B Net loss : $80.7B IPO valuation : $2T

These people have been waiting in line for the iPhone Duo since Monday

Here are all the most important highlights from @SpaceX's Q3 2026 earnings report and earnings call: • Total revenue: $14.58B, up 161% YoY from $5.58B and up 87% QoQ from $7.81B. • Adjusted EBITDA: $8.81B, up 306% YoY from $2.17B and up 149% QoQ from $3.54B. • Total Capex: $19.59B, up 185% YoY from $6.88B and 7% QoQ from $18.37B, primarily driven by SI infrastructure investments. • Q4 Capex guidance: SpaceX expects capital expenditures of $35B–$40B in Q4 2026 as it accelerates SI compute deployment. • Net income: $4.40B, compared to a $1.05B loss a year earlier. • Income from operations: $2.79B, compared to a $273M loss YoY and a $143M loss in Q2. • Q1 2027 revenue guidance: $33B–$37B in total revenue during Q1 2027. • Annualized revenue target: SpaceX remains on track for $100B in annualized revenue by the end of 2026, based on December's revenue run rate. • Elon's 2027 revenue projection: SpaceX could reach $500B–$1T in annual recurring revenue by the end of 2027 • Backlog: Reached $63B as of September 30, including $17.5B in deferred revenue. ~$42B is expected to be recognized within the next 12 months. • Space revenue: $1.77B, up 6% YoY • Connectivity revenue: $5.25B, up 69% YoY and 22% QoQ; Consumer revenue was $3.12B (+57% YoY) and Enterprise & Government revenue was $2.13B (+91% YoY). • Connectivity operating income: $2.37B, up 99% YoY from $1.19B and 43% QoQ from $1.66B. • Starlink subscribers: 13.6M, up 89% YoY; consumer ARPU increased to $69/month from $66 in Q2. • Super Intelligence (SI) revenue: $7.56B, up 830% YoY and 195% QoQ • SI operating income: Positive $431M, compared to a $1.72B loss YoY and a $1.26B loss in Q2. • SI Adjusted EBITDA: Positive $4.95B, compared to a $428M loss a year earlier and $1.15B in Q2. • SI Capex: $16.44B, up 245% YoY from $4.76B and 4% QoQ from $15.83B, representing ~84% of total quarterly Capex spend. • Cloud Services Agreements: Signed additional agreements during Q3, with SI solutions and infrastructure revenue growing 192% QoQ excluding Cursor. • SI compute economics: Newly deployed compute capacity is generating payback periods of less than 12 months at current pricing, which is slightly above the previously discussed $30–$50 per watt range. • Cursor revenue: Contributed $608M in revenue between August 14 and September 30. • Grok Bot: Reached 800,000 paid weekly users in early October, more than doubling over the prior month. • Grok Bot enterprise rollout expected in a few weeks. • Cash, cash equivalents & marketable securities: Approximately $90B at quarter-end • Operating cash flow: Generated $13.1B during the first nine months of 2026, up 218% from $4.12B during the same period in 2025. • Starship Flight 15: Targeted for November 2026, with SpaceX planning to attempt a tower catch of Starship's upper stage. • National Security launches: Secured 18 additional National Security Space Launch missions. • Starlink aviation: More than 3,800 aircraft were equipped with Starlink as of September 30. • Starlink aviation contracts: ~12,000 aircraft are now under contract for Starlink service, representing nearly a quarter of the available commercial aircraft market. • Starlink Mobile users: Surpassed 22M monthly users at the end of Q3, up 37% QoQ. • Starlink Mobile U.S. launch: SpaceX plans to integrate its spectrum acquisitions and begin activating the expanded service in early 2028, with the gaol of becoming a major U.S. mobile carrier. • SI compute: Expanded nameplate compute capacity to 1.7 GW, up from 1.4 GW in Q2 and 0.6 GW a year earlier. • October compute target: SpaceX expects to reach nearly 2 GW of nameplate compute capacity by the end of October 2026. • Year-end compute target: SpaceX expects 2.5–3 GW of nameplate compute capacity by the end of 2026. • 2027 compute target: Elon expects to add at least 10 GW of incremental compute capacity in 2027, potentially bringing the total to 13 GW or more. Elon said there is a small possibility of exceeding 20+ GW of active SI compute by the end of 2027. • GPU deployments: SpaceX is bringing approximately 200,000–220,000 NVIDIA GB300 GPUs online monthly, with plans to maintain or accelerate that pace. • Nvidia Vera Rubin deployment: SpaceX expects its 2027 compute expansion to rely primarily on NVIDIA's next-generation Vera Rubin architecture. • SpaceX plans to bring a training cluster with 440,000 Vera Rubin computers online by the end of Q2 2027. • Targeting May or June 2027 for the first functional test chips from the Austin research fab. • Terafab mass production: SpaceX is targeting Q3–Q4 2028 for potential volume chip production at its Gibbons Creek facility

this California wealth tax thing is just incredible. so in October 2025, a California healthcare union proposed a "one time" 5% tax on any billionaire's wealth. the ballot measure will be voted on next month. In early December 2025, California announced that it would be a retroactive tax if passed, applying to anyone with CA residency as of Jan 1, 2026. The objective is to pay for Medi-Cal, California's incredibly dysfunctional healthcare system. (which also functions as a glorified welfare apparatus, but that's a discussion for another time). polls reveal that the CA electorate is split around 50/50 on the tax, but prediction markets only give Prop 40 a ~23% chance of passing (there are competing measures on the ballet that would nullify it). there are 200 billionaires in CA, worth collectively somewhere between $2.3 and $2.6 trillion. 5% of that is around $100b, accounting for a small amount of attrition. proponents of the tax forecasted a significant windfall, assuming only a 10% departure rate. supporters thought they were being clever with the retroactive concept. no billionares would leave CA in the few short months between the tax being proposed and the residency cutoff date, without the tax even having passed yet, right? well as it turns out, they did. a new paper [1] from two academics at Stanford called "The Net Present Value of the California Billionaire Tax Act", argues that not only did more billionaires leave due to the proposed tax than its proponents expected, but that the value of the tax, if it does pass, is actually negative. proponents of the tax only assumed 10% avoidance, that is, only 10% of the taxable base of targeted billionaires would leave CA within the very short Oct-Dec 2025 window. Jaros and Rauh, the Stanford academics, find that a lower bound of 28.6% of the taxable base managed to leave. just based on known departures, those departures total $577b in net worth, or $28.8b in potential tax lost. this of course does not capture everyone (many left without announcing their departure), so the authors normalize to departure rates estimated from other wealth tax events, and apply other discounts for litigation, arriving arrive at a figure of only $28-$36b in forecasted tax revenues. but this isn't all! all of the income taxes paid by the departed billionaires are also forsaken. the authors estimate that CA billionaires pay $3.3- 5.8b in annual income taxes. they assume a midpoint of $2b lost in annual collections from departed billionaires. the net present value of that lost income stream is -$68.9 billion. so when you add it all up you get: + $30b one-time tax windfall (estimated) - $69b in present value of lost future income taxes = - 38.9b overall net present value of the tax of course, this analysis is highly estimate driven. the authors simulate the parameters 100k times and find a negative NPV of the implemented tax 85 percent of the time. and if the tax doesn't pass, which it's not looking like it will, California still ended up losing at least $577b in departed net worth, and they have permanently poisoned the well with entrepreneurs who will now worry about future wealth taxes. [1]: nber.org/system/files/workin…

Next year, I will give one of my SpaceX shares to every kid in America. This will be the first of many.