Air travel has never been for the poors.
I don’t know, maybe it’s hard for people to hear that, but the reality is that zipping through the air at 550 mph and 35,000 feet was never going to be a cheap endeavor.
When you challenge the limits of physics while having to create a comfortable environment for us fragile humans things get expensive really fast.
As my father told me when I was a little boy; “air travel is a special thing and you need to make your best presentation of yourself at the airport.” You don’t just go to the airport looking and behaving any kind of way—for a number of reasons.
Now that a new bottleneck has been created by the fuel squeeze (airlines could have avoided this), carriers are rapidly moving upscale because a fundamental truth still exists:
It’s much easier to get money from rich people than it is from poor people.
So if you create products, services, and most importantly experiences that rich people want they are going to give you money.
I learned this first...
Anthropic says that their core product carries the risk of ending humanity.
Ok, what doesn’t? Seriously.
If this actually worries you then you’re not fit to be walking around as a free grown-ass man.
My takeaway from this is a fundamental lesson on the cycle of using money and the money system.
Anthropic has spent years building a company, building equity value, and accumulating debt along the way. Now they get to price that equity, offer some of it to the market, extinguish the debt, and go all in for more growth.
Use debt >> build equity >> leverage equity >> get rich >> repeat
Easy peasy
Good luck
https://www.sec.gov/Archives/edgar/data/2130357/000162828026067168/anthropicpbc-sx1.htm