Ed Elson
Coverage of Ed Elson in the Nexus archive.
- America’s startup boom is real, but it’s not creating as many jobs as in the past
The U.S. set a record with 3.23 million business applications in the first half of 2026, a 12.1% increase from 2025. However, only 5.7% of these are projected to become payroll businesses within a year, sparking debate over whether the surge reflects genuine growth or filings for side projects, hobbies, or solo ventures. AI tools are enabling startups to operate with minimal staff, reducing immediate job creation.
- Wall Street readies for SpaceX liftoff
Wall Street anticipates SpaceX's record-breaking IPO, which is expected to value the company at $1.7 trillion, surpassing Tesla. Investors show cautious excitement, with steady Treasury yields and declining SpaceX futures on Hyperliquid suggesting a potential opening pop. Concerns remain about retail investors' influence and market risks.