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Real Weekly Earnings Down in Q3

Overall, for HS graduates: Figure 1: Real median weekly wages for all production and nonsupervisory workers (blue), for high school graduates (2nd quartile) (red), in logs 2024Q4=0.

Why SpaceX Stock Dropped on Thursday

SpaceX’s rapid AI expansion comes with an enormous bill. Funding concerns and fresh complications in its Tesla merger talks are weighing on shares.

  • SpaceX stock dropped 9.1% on October 22, mirroring S&P 500 and Nasdaq declines
  • Concerns over AI funding and Tesla-SpaceX merger speculation drove the drop
  • SpaceX's capital expenditures grew 161%, with $16 billion spent Q4

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