Deep Dive

How Two Companies Built a $71+ Billion Drug Class

In 2025, two drugs earned more than double the combined revenue of OpenAI and Anthropic and reached under 2% of the people who qualify. This is a deep dive on the biology, the economics, and where...

Aug 6, 2026

Deep Dive

Deep Dive: What Happens When Cars Drive Themselves

Autonomous driving reached commercial scale in 2025. The robotaxi market alone is valued at over $11 trillion. But the bigger story is what happens to the industries built around human drivers...

Jul 31, 2026

Deep Dive

Deep Dive: How Cyberwarfare Works

Cyberwarfare lets a small number of operators threaten systems that took decades and billions to build. The next question is how that balance changes when AI can run most of an attack at...

Jul 22, 2026

Deep Dive

The New Private Asset

Privacy tokens were delisted from exchanges 73 times in 2025, yet they became crypto's best-performing sector. Here's why.

Jul 9, 2026

Deep Dive

Why Gold, Silver, Platinum, and Palladium All Spiked at Once

Four metals spiked at once, for four completely different reasons. Here's what each one is signaling.

Jul 2, 2026

Deep Dive

Deep Dive: Curing Age At the Cellular Level

The billionaire bet to reprogram aging itself, and the science behind it.

Jun 26, 2026

Deep Dive

Deep Dive: The Federal Reserve Explained

For two decades, investors built portfolios around a Fed that telegraphed its next move. Kevin Warsh has a different vision. Here is how the Fed works and what Warsh wants to change...

Jun 18, 2026

Trending

Deep Dive: SpaceX

SpaceX lowered the cost of reaching orbit by 20x, then used that advantage to build Starlink. The next question is whether the same route can unlock something even larger: broadband, AI compute, & ...

Jun 11, 2026

Deep Dive

Deep Dive: How Close Are We to Living Longer?

Cancer, heart disease, dementia, and type 2 diabetes are funded, researched, and treated as separate problems. However, they share one underlying driver...

Jun 5, 2026

Trending

Deep Dive: A Primer On The Agentic AI Economy

AI now generates 75% of Google’s new code. Daily Claude Code commits on GitHub surpassed 134,000 in early 2026. What makes this structural rather than a passing phase? These are the...

May 12, 2026

Trending

Deep Dive: Where Value Accrues in the AI Stack

How should we think about AI in 2026? The stack we drew has six layers, from the bottom up: infrastructure, chips, data, models, execution, and application. Each layer has its own fulcrum...

May 1, 2026

Trending

Deep Dive: Why Are Billions Going Into Critical Minerals?

We are still completely underestimating how short we are in terms of the global demand and supply dynamics of a handful of critical minerals that we need...

Apr 15, 2026

Deep Dive

Deep Dive: Why Housing Costs Keep Rising

To understand why affordability looks the way it does today, you have to understand how housing became a financial instrument in the first place. And the questions only get more difficult from here...

Apr 3, 2026

Deep Dive

The 60-year-old code behind $5 trillion in healthcare

The U.S. spends $5.3T a year on healthcare, yet patient medical records are often fragmented across more than 10 disconnected systems. Its core architecture has...

Mar 26, 2026

Deep Dive

Deep Dive: Prediction Markets

Prediction markets have grown to over $6 billion in weekly trading volume: more than 100x in just over 24 months. But with that growth comes a new set of questions...

Mar 19, 2026

Deep Dive

Deep Dive: 5 Forces Causing The Population Collapse

In my 2021 Social Capital Annual Letter, I warned that a demographic time bomb was already ticking. Since then, the U.S. total fertility rate has fallen another 4% to a record low of...

Mar 12, 2026

Deep Dive

Deep Dive: How Equity Tokenization Is Breaking TradFi Barriers

Since the start of 2025, the market capitalization of equity tokens has risen nearly 3.5x. But with this new level of access comes a new kind of complexity...

Mar 5, 2026

Deep Dive

Deep Dive: The Frontier of Physical AI with Humanoid Robotics

Viral videos of humanoids dances and backflips have sparked interest in the sector. Despite early excitement, the question remains: when is it reasonable to expect...

Feb 26, 2026

Deep Dive

Deep Dive: How Machines Are Becoming Better Investors Than Humans

Today, public and private information are instantly priced in. As such, strategies that depend on reacting to news, reading filings, or “having an opinion” compete in a game where the half-life...

Feb 19, 2026

Deep Dive

Deep Dive on Neuralink: Controlling Computers With Your Mind

Neuralink is pursuing one of the most difficult frontiers in technology. The implications include reversing neurological disabilities, modulating circuits involved in...

Feb 13, 2026

Deep Dive

Why Is Solar Attracting $500B Every Year

In 2025, the energy landscape hit a historic inflection point. Solar now attracts ~$500B in investments each year, more capital than all other electricity sources combined. What happened?

Feb 4, 2026

Deep Dive

Quantum Computing: Next Frontier or Overhyped

The perception of quantum computing has oscillated between two extremes: it is either treated as distant science fiction or marketed as an all-purpose supercomputer posing an imminent threat to...

Jan 29, 2026

Deep Dive

Who Controls the American Food Supply?

It was fascinating to research about a $5T economy that functions largely out of sight while affecting everyone in America. Food continues to reach consumers, but several constraints are...

Jan 21, 2026

Deep Dive

Deep Dive: Is AI Disrupting the Future of Work?

Experts agree AI will transform the $18.6 trillion labor market... but they disagree on how. The disagreement in how AI will affect the future of work exists because people are looking at...

Jan 14, 2026

Deep Dive

Deep Dive: The Electric Grid - America’s Biggest Bottleneck of the Decade

From 1900 to 2000, new grid power capacity increased 10x every 30 years. In the last 25 years, it has only grown 1.3x. The U.S. electric grid is rated by engineers at a D+ and now stands as our...

By Chamath Palihapitiya

Dec 3, 2025