Morning Brew Daily The Missing $100M Fighter Jet & College Rankings' Massive Shake Up
Sep 19, 2023
The intriguing tale of a $100 million F-35 fighter jet that went missing raises questions about military accountability. Instacart's IPO marks a dramatic shift from a $39 billion valuation to $10 billion, impacting investors. The podcast also critiques the overhaul of college rankings by U.S. News, addressing its implications for various institutions. Additionally, discussions touch on Apple’s innovative health features and the latest Las Vegas developments, including a new hotel that nearly hit the $4 billion mark.
AI Snips
Chapters
Transcript
Episode notes
Instacart's IPO
- Instacart's IPO values the company at $10 billion, a significant drop from its $39 billion valuation in 2021.
- This highlights the changing landscape of venture capital and the impact of pandemic-era investments.
Missing Fighter Jet
- A $100 million F-35 fighter jet went missing for over 24 hours, prompting a public search.
- The incident highlights questions about military spending and the reliability of advanced technology.
F-35 Program Costs
- The F-35 program faces criticism for cost overruns, with lifetime costs estimated at $1.7 trillion.
- The missing jet incident fuels concerns about the program's financial viability.