惯性聚合 高效追踪和阅读你感兴趣的博客、新闻、科技资讯
阅读原文 在惯性聚合中打开

推荐订阅源

让小产品的独立变现更简单 - ezindie.com
让小产品的独立变现更简单 - ezindie.com
D
Darknet – Hacking Tools, Hacker News & Cyber Security
Schneier on Security
Schneier on Security
C
Cisco Blogs
Help Net Security
Help Net Security
I
Intezer
Simon Willison's Weblog
Simon Willison's Weblog
Know Your Adversary
Know Your Adversary
Hacker News: Ask HN
Hacker News: Ask HN
Cisco Talos Blog
Cisco Talos Blog
A
Arctic Wolf
cs.AI updates on arXiv.org
cs.AI updates on arXiv.org
WordPress大学
WordPress大学
小众软件
小众软件
Jina AI
Jina AI
量子位
T
Threatpost
Forbes - Security
Forbes - Security
L
LINUX DO - 最新话题
S
Securelist
K
KPMG report finds enterprise disconnect between AI and its ROI | CIO
C
Cyber Attacks, Cyber Crime and Cyber Security
有赞技术团队
有赞技术团队
博客园_首页
T
Threat Research - Cisco Blogs
Threat Intelligence Blog | Flashpoint
Threat Intelligence Blog | Flashpoint
T
The Exploit Database - CXSecurity.com
Application and Cybersecurity Blog
Application and Cybersecurity Blog
Scott Helme
Scott Helme
博客园 - 【当耐特】
IT之家
IT之家
Hugging Face - Blog
Hugging Face - Blog
月光博客
月光博客
钛媒体:引领未来商业与生活新知
钛媒体:引领未来商业与生活新知
大猫的无限游戏
大猫的无限游戏
cs.CL updates on arXiv.org
cs.CL updates on arXiv.org
The Last Watchdog
The Last Watchdog
Attack and Defense Labs
Attack and Defense Labs
Google DeepMind News
Google DeepMind News
阮一峰的网络日志
阮一峰的网络日志
SecWiki News
SecWiki News
博客园 - 叶小钗
OSCHINA 社区最新新闻
OSCHINA 社区最新新闻
罗磊的独立博客
The Cloudflare Blog
S
Schneier on Security
爱范儿
爱范儿
N
News and Events Feed by Topic
NISL@THU
NISL@THU
freeCodeCamp Programming Tutorials: Python, JavaScript, Git & More

Fortune | FORTUNE

One man can kill Bill Ackman’s $64 billion bid for Universal Music Group—and no one knows what he’ll do | Fortune Poppi’s cofounder pitched her startup on Shark Tank while 9 months pregnant and landed a $400,000 deal—now it's worth $2 billion | Fortune Teen boys are choosing AI girlfriends over real ones for 'maximum control, zero rejection'—experts say it could make them unemployable | Fortune A United American merger is by no means impossible given the president 'loves big deals' | Fortune Reed Hastings’s planned exit from $455 billion Netflix ‘had nothing to do with’ the failed deal for Warner Bros., says Ted Sarandos | Fortune Meet Joe McCann: The high-flying crypto trader held in Tanzania after sudden death of his influencer fiancée Ashly Robinson | Fortune Gen Z is carving a different path in the housing market by doing it alone | Fortune U.S. Catholic leaders criticize Trump for ‘disparaging words’ about the pope as Vatican clash risks alienating Catholic voters | Fortune China has ‘nearly erased’ America’s lead in AI—and the flow of tech experts moving to the U.S. is slowing to a trickle, Stanford report says | Fortune Self-made millionaire behind $5 billion Skims Emma Grede says it all began with a cold call to Kris Jenner: Emma Grede—the self-made millionaire behind the $5 billion Skims empire—says it all began with an audacious cold call to Kris Jenner: ‘The difference between me and someone else is, I made it happen’ | Fortune Americans have never been this gloomy about the economy. Wall Street has never cashed in harder | Fortune ‘The college grading system [is] almost meaningless’: People see the Ivy League as an easy A and with flawed admissions standards | Fortune The CEO of $8.5 billion Japanese car giant Nissan plays the drums in a band and hits the tennis courts to destress from the top job | Fortune New York governor's take on a millionaires tax: fancy pied-à-terre second apartments worth over $5 million | Fortune Pope Leo XIV: A ‘handful of tyrants’ are ravaging earth with war and exploitation | Fortune Trump has no plan to cut the $39 trillion national debt, but he does want to cut childcare. His budget director is scrambling to clarify | Fortune China's economy grows 5% in first quarter, surprising economists to the upside | Fortune Everyone was wondering what Trump wanted more: Warsh smoothly seated at the Fed, or for Powell to pay. We have our answer | Fortune Palantir exec: the biggest mistake retailers are making with AI? Trying to do it all with one agent | Fortune American YouTuber who calls himself a 'troll' sentenced to 6 months in Korean prison for literally dancing on wartime graves | Fortune BBC plans to cut up to 2,000 jobs to save 10% of annual budget | Fortune Canva debuts a new suite of agentic tools, as the design app quietly becomes one of the world’s most used AI services | Fortune Moody's CEO: AI has a trust problem – better models won’t fix it | Fortune Top New York surgeon: Americans have better data for choosing restaurants than surgeons. That has to change | Fortune The Iran war’s fertilizer shock is hammering American farmers, and 70% can’t afford what they need for this year’s growing season | Fortune Education experts to Mamdani: Why are you foisting AI on our kids? | Fortune This CEO pirated video games as a teen and became a hacker for the Air Force. Now he’s built a $3 billion cyber firm | Fortune Teacher, blame thyself: Yale report savages Ivy League schools for destroying American trust in higher education | Fortune Fed chair nominee Kevin Warsh is worth more than $100 million and has stakes in SpaceX and Polymarket | Fortune From wool sneakers to GPUs: Allbirds’ desperate AI pivot and 600% stock surge, explained | Fortune The Sam Altman attack is putting two anti-AI groups under scrutiny—but the story is more complicated | Fortune Elizabeth Warren on her proposal to bring back IRS Direct File: ‘For just one day of bombing Iran, we could pay for 20 years’ | Fortune ‘I am certain’: Harvard policy expert warns the true cost of the Iran war to U.S. taxpayers will exceed $1 trillion | Fortune The CEO of a $24 billion Dutch lender has sandwiches once a week with the staff to hear their views and get them on side with cost cuts | Fortune Why insurance giant Travelers' CTO is placing fewer, bigger bets on AI | Fortune Current price of oil as of April 15, 2026 | Fortune The dirty secret behind Big Tech’s AI arms race: Massive hardware investments that are obsolete in 3 years | Fortune Dow’s CEO handoff elevates an insider and seasoned operator | Fortune Anthropic faces user backlash over reported performance issues with its Claude AI chatbot | Fortune Stock futures sink while oil spikes as the U.S. Navy looks to squeeze Iran's economy and break its grip on the Strait of Hormuz | Fortune A major U.S. gasoline production hub is in such a severe drought that its refineries may be hobbled. 'We are actively praying for a hurricane' | Fortune U.K. won’t take part in Trump’s planned blockade of Hormuz strait | Fortune Hungarian voters oust Viktor Orbán, a close ally of Trump and Putin, despite late campaign push from JD Vance | Fortune Blazing hot IPOs, an AI agent craze, and a new word for ‘token’: Here’s what’s happening in the world of Chinese AI | Fortune Iran’s crumbling economy is the regime’s greatest weakness with prices up 40% since the war began while authorities worry about making payroll | Fortune Here’s how a U.S. naval blockade of the Strait of Hormuz could work. ‘This is a big task, and it’s a big gamble’ | Fortune Intuit was an AI pioneer. Why its stock became a SaaSpocalypse casualty | Fortune Artemis III will practice docking Orion with lunar landers in Earth orbit next year while Musk’s Starship and Bezos’ Blue Moon compete for Artemis IV | Fortune Oil tankers U-turn in Hormuz as U.S.-Iran talks break down Saudi Arabia says East-West pipeline restored to full capacity In 2011, Barack Obama said it was time to ‘pivot’ to Asia. But 15 years later, the U.S. is still at war in the Middle East Trump says U.S. Navy to impose Hormuz blockade after Iran ceasefire talks end with no deal. ‘No one who pays an illegal toll will have safe passage’ This TikTok sensation sold her startup for $2 billion. Now Pepsi is letting ‘Poppi be Poppi’ ‘Almost unmanageable’: Raising a child in the U.S. now costs more than $300,000 As Iran peace talks fail, Trump and Joe Rogan watch a hobbled fighter triumph in a brutal cage match Haiti stares down starvation as Iran War drives 200,000 into acute food emergency status ‘I just keep seeing a lot of different aspects of life getting more expensive’: New car prices are up 30% over 6 years America is not ready for its own longevity crisis — and 2026 is the wake-up call | Fortune JD Vance leaves Pakistan after marathon talks with Iran end without a deal as Tehran refuses U.S. demand not to develop nuclear weapons | Fortune Average price of new cars nears $50,000 as automakers focus on big pickups and SUVs while cheaper sedans get phased out | Fortune Navy tests Hormuz blockade as expert says U.S. military prepares for round 2 and could degrade Iran’s hold over the strait to a ‘manageable level’ | Fortune Pakistan sends military force to Saudi Arabia as part of pact | Fortune Three oil supertankers sail through the Strait of Hormuz | Fortune Trump downplays talks for ceasefire deal with Iran, claiming military victory. 'It doesn’t matter. From the standpoint of America, we win' | Fortune Boeing’s moon rocket faces uncertain future under Trump’s NASA | Fortune Appeals court says national security implications of halting White House ballroom construction must be weighed | Fortune Some of cheapest fuel can be found on Native American reservations as tribes are exempt from state gas taxes | Fortune JD Vance begins talks with Iran in Pakistan while Trump claims U.S. has begun 'clearing out' the Strait of Hormuz | Fortune 'This is the last warning.' Iran threatens U.S. warships after they throw down the gauntlet for winner-take-all Strait of Hormuz | Fortune U.S. Navy ships transit Hormuz ahead of mine-clearing mission | Fortune Over a third of Ireland's fuel stations are empty and truck and tractor drivers are protesting nationwide | Fortune Some communities are enduring unprecedented long waits on federal disaster requests, and Democrat-led states say they're being denied | Fortune These niche AI startups are trying to protect the Pentagon’s secrets | Fortune Former Tesla president reveals the ‘single most important thing’ you can do for your career—it’s a habit Elon Musk and Warren Buffett share too | Fortune Ingersoll Rand CEO: here's how employee ownership helped drive more than 8x enterprise value growth | Fortune The petrodollar faces increased risk, but a petroyuan is ‘far-fetched’ as fears of U.S. losing superpower status are overhyped, strategist says | Fortune Palantir CEO says AI ‘will destroy’ humanities jobs, but there will be ‘more than enough jobs’ for people with vocational training | Fortune Warren Buffett says 'accumulating great amounts of money' doesn’t achieve greatness—He still lives in a $31,500 Nebraska home and clipped coupons | Fortune Starbucks' game plan to roll out AI chatbots at cafes could serve as a 'litmus test' for the industry, analyst says | Fortune Data centers and gas demand make boring pipelines great again | Fortune The 'Tuscan Mom' aesthetic is taking over TikTok as Gen Z glamorize McMansions and reject millennial gray | Fortune Man's best friend may soon live a little longer thanks to a new pill promising to extend your pup's lifespan | Fortune Danantara CIO: Indonesia can anchor the AI and energy economy—if governance keeps pace | Fortune OpenAI’s TBPN deal shows how talent, media, and influence are collapsing into one | Fortune AI promises to free workers from grunt work, but psychologists say those mindless tasks are exactly what our brains need to recover | Fortune The 'affordability economy' has created a housing market nobody predicted: Prices collapsing in the Sun Belt, soaring in the Rust Belt | Fortune 'It’s 13 minutes of things that have to go right': Artemis II splashes down despite faulty heat shield | Fortune Fed seeks details on U.S. banks' exposure to private credit firms | Fortune The Navy confirmed an ‘abundant amount’ of Uncrustables when the Artemis II crew lands. Smucker’s just offered them a lifetime supply | Fortune Meet ‘trendslop,’ the new, AI-fueled scourge of workplace consultants everywhere | Fortune Amazon is still paying Jeff Bezos an $80,000 yearly salary—but $1.6 million for travel and security | Fortune Trump-backed World Liberty Financial crypto tokens reach all-time low on reports of insider loans | Fortune Iran is demanding tankers in the Strait of Hormuz pay tolls in crypto: What we know so far | Fortune First they went after medtech, then Kash Patel. Iranian hackers’ next target is likely ‘low-hanging fruit’ in water, energy, and tourism, experts say | Fortune The AI that found 27-year-old vulnerabilities no human ever caught before just forced an emergency meeting with every major Wall Street CEO | Fortune Inflation goes up by a whopping monthly rate of nearly 1%—and it’s hitting you at the grocery store and gas station | Fortune H&R Block is betting it can be more than a tax company | Fortune The real engine of innovation is trust | Fortune Huntington is powering digital growth—by opening a branch almost every 2 weeks, says CFO | Fortune How the 173-year-old glass-maker behind Edison's light bulb and iPhone screens became a Silicon Valley darling | Fortune
SpaceX will be worth trillions, but the space station that made it possible is worth even more — if we don't squander it | Fortune
Tejpaul Bhat · 2026-05-21 · via Fortune | FORTUNE

SpaceX is expected to debut on the public markets at a $2 trillion valuation. That number is extraordinary for any company, but for me, a space enthusiast, space investor, and space entrepreneur, it also carries an uncanny connection to how SpaceX got its start — its “wedge” into the market.

That wedge is the International Space Station (ISS). The ISS — the most expensive and ambitious engineering project in human history — is where SpaceX began sending cargo in 2012 and humans in 2020. For over a quarter century, first before SpaceX and now because of it, the ISS has been a triumph of science, diplomacy, and persistence. But as the ISS nears deorbit, there is a very real risk of losing trillions of dollars in latent value currently trapped in the ISS and the space industry’s antiquated economic model.

With roughly $250 billion of taxpayer investment — $150 billion to build and $4 billion annually to maintain — the ISS has created immense scientific and technological value. However, if that same capital had been invested in the S&P 500 over the same period, it would be worth over $2 trillion today — ironically, the exact projected market cap of SpaceX.

This comparison is not intended to diminish the intangible value of scientific exploration but to illustrate the significant economic opportunity that remains untapped. By reframing the question, we see that the ISS is an incredible financial asset in need of a value transference mechanism — an economic bridge to liquidate the returns on our investment.

It is important to understand that the current ISS operational approach is rooted in a Cold War-era framework that has served as a beacon for international cooperation and diplomacy, and one that allowed SpaceX to learn, build, iterate, and extract significant value from it.

Governed by intergovernmental agreements, the ISS functions on in-kind contributions from NASA’s partner agencies (in Europe, Japan, Canada, and Russia), in exchange for utilizing the station’s resources. This is often referred to as a “barter system” in which goods and services are exchanged without direct monetary transfer, sidestepping the political complexities of commercial transactions.

Despite the perception of “barter,” the ISS operates as a monetary system. Every kilogram of mass to orbit, every kilowatt-hour of power, every hour of crew time is meticulously valued and accounted for. These are the fundamental commodities of a space economy.

The exchange of an astronaut’s research time for a laboratory’s power supply is, in effect, a transaction. The current system is a ledger-based economy where the transactions are recorded, but the units of value lack transferability and liquidity outside of the ISS framework.

In building a machine of extraordinary productive capacity, the scientific and engineering communities inadvertently created a closed monetary system. By not categorizing the ISS as a monetizable enterprise, an immense amount of enterprise value remains latent and inaccessible to the broader market.

The value of the ISS isn’t just the construction costs — its value is the intellectual property and data generated, the technological advancements and infrastructure, the human capital and expertise, and the developing market for future low-Earth orbit (LEO) activities. Yet under the current barter model, none of this can be priced, traded, or reinvested. It sits locked inside a closed system that was never designed to produce economic returns.

The next great leap in space will be made through business model innovation. The next great challenge is to build the financial bridge that connects the nascent, commodities-based economic model of the ISS into with the modern, trust-based global financial system. This bridge will be a transparent, market-based mechanism to convert the inherent value of orbital commodities— power, crew time, volume, and mass into fungible, tradable assets.

The beauty of this approach is that it avoids politically complex bilateral funding discussions and instead lets the market determine the most efficient use of resources. Surpluses of resources can be monetized instantly, and new startups with innovative payloads can operate without years of government red tape. Essentially, money needs to flow through the space economy the same way it flows through every other functioning market on Earth.

As SpaceX prepares its IPO and builds the physical rails to explore our next frontiers, and as NASA prepares to deorbit the ISS, we have a rare chance to design the market infrastructure for humanity’s next expansion. Without that market infrastructure, the space economy starts over from zero. The end of the ISS must not be a burial of assets — it needs to be a successful capital raise for the future of humanity off planet — a feat that no single country, company, or individual can achieve alone.

The opinions expressed in Fortune.com commentary pieces are solely the views of their authors and do not necessarily reflect the opinions and beliefs of Fortune.