Boom technologies is trying to produce the first supersonic commercial aircraft in 40 or 50 years. I think there's a huge market of people, including myself, that would pay 10, 20, 50,000 dollars. The progress in terms of propulsion and materials and avionics has been pretty traumatic. So I think it's commercially viable. It's a long shot investment. There's a lot that can go wrong. But it is dramatically less difficult, less dangerous and less expensive to fly along at 50,000 feet than going into space.
This week on Prof G Markets, Scott explains how Virgin Galactic’s unique supply and demand constraints make it a terrible business. He also breaks down why Amazon and Better.com are partnering to allow Amazon employees to pledge their stock as collateral for home loans — with a catch. Finally, Scott takes a look at the enduring grocery delivery market and shares his thoughts on why Instacart might hold the key to unlocking the IPO market.
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