stratechery.com

2026.42: Home At Last

what once looked like a play to become the de-facto provider of emergency satellite coverage among mobile providers now looks like a company that's coming for primary cellular coverage.

upstartsmedia.com

Growth Numbers That Can Tell Whether Your Startup Is Elite Or Cooked

And while startups that aren't trending in the direction of category champion have time to change course, the window to do so is generally shrinking, Edmonds says. "There is still time for evolution, but we are seeing how quickly the divergence is happening between these profiles. That window is compressing, and shortening, and will continue to do so."

notboring.co

An Ode to Counter-Positioning

Incumbents have bigger businesses and more resources, and it is those advantages startups use to attack them. Their business is too good to mess with.

whyisthisinteresting

The Quartz Crisis Edition

The Swiss, suffering from hubris, didn't appear to realize they were enmeshed in a war with the Japanese at all, even after the Astron debuted. They also seemed to hold Japanese watchmaking in contempt. As one Swiss industrialist said at the time, "[The Japanese] were not even irrelevant, because irrelevant implies that they had been noticed."

stratechery.com

2026.23: Power Shifts

Three years ago Google looked hapless, scrambling to respond to ChatGPT, while Microsoft, thanks to their groundbreaking partnership with OpenAI, looked on top of the world. Now Google is pulling away in terms of market capitalization, which makes their decision to issue equity to Berkshire Hathaway a curious one.

stratechery.com

The SpaceX IPO and Data Centers in Space

Musk companies at their best don't win the game; they change the rules through scale, such that billionaires buy economy cars because they actually drive themselves (with supervision), and airlines transform the consumer experience on their own dime.

noahpinion.blog

Trump actually started to decouple America from China

Multinationals have learned the painful lesson that when they put their factories in China, their technology will be appropriated by Chinese indigenous companies — often with the help of the Chinese government — and then later used to outcompete them in global markets.

stratechery.com

Amazon Buys Globalstar, Delta to Add Leo, The Apple Angle

Amazon's Globalstar acquisition is being framed as Amazon versus SpaceX, but I think the real story is about Apple.

dwarkesh.com

Dylan Patel — Deep Dive on the 3 Big Bottlenecks to Scaling AI Compute

But in reality, he's screwed the pooch compared to OpenAI, whose approach was, "Let's just sign these crazy fucking deals." OpenAI has got way more access to compute than Anthropic by the end of the year.