WSJ Tech News Briefing
How Do You Buy Shares in SpaceX? Ask Elon Musk’s Friends.
Apr 28, 2025
Discover the intriguing dynamics of SpaceX, where a select group of Elon Musk's allies control the shares, creating a veil of secrecy around its massive $350 billion valuation. Explore the complexities of parenting as one mother grapples with the tough decision of whether to grant her daughter a smartphone, amid societal pressures on young users. The conversation dives into how mobile ownership affects kids' behavior and the risks of social media, painting a vivid picture of contemporary family challenges in the digital age.
13:05
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Quick takeaways
- SpaceX cleverly maintains privacy and autonomy by controlling its shareholder network and using methods like special purpose vehicles for investments.
- The decision for parents to buy smartphones for their children involves balancing social integration pressures against concerns about behavioral changes and safety.
Deep dives
Navigating the Smartphone Dilemma for Kids
Determining the right age for children to receive their first smartphone has become a challenging decision for parents. One mother's experience highlights the pressure kids feel as they observe their peers with devices, often leading to a conflict between parental caution and social integration. The mother reflects on her reluctance based on observations of how smartphone access can shift children's behavior and maturity levels, citing changes seen in her older son after he received his phone. Despite her concerns and the growing awareness of potential negative impacts of social media on youth, practical considerations, such as safety and communication, suggest that a smartphone may soon be necessary for her daughter.
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