Here’s a sort of update from the world of billionairedom. Today Blue Origin, Jeff Bezos’ space company, was set to attempt its first launch of its hulking “New Glenn” rocket. But they’ve now scrubbed that attempt because of some technical issues and they’re going to try again on Thursday. Blue Origin is either 100% owned or near 100% owned by Bezos. It’s unclear whether some very limited equity may have gone to some early employees. But big picture: it’s Jeff Bezos’ company. It’s not part of Amazon or some public company. It’s his.

The company now seems to be Bezos’ main focus and he’s apparently relocated to Florida to give the company his especial attention. While all space technology is of interest to me, normally I wouldn’t be rooting for a new Bezos business venture. I have no particular beef with Bezos. But as we’ve seen repeatedly in recent months and years, what we might call the super-billionaires have way, way too much power. But in this case I’m really hoping this launch succeeds and that Blue Origin makes big strides in general.

I’m doing this post to explain why.

As the Hegseth hearings unfold, I wanted to give you a view into a small part of the story which, while perhaps not terribly consequential in itself, sheds some additional light on the Trump team’s effort to lock down details about Hegseth’s background as well as general press credulity about the same. This morning’s Axios reports that the Trump transition’s “red line” is that only Armed Services Committee Chair Roger Wicker (R-MS) and Ranking Member Jack Reed (D-RI) should be briefed on Hegseth’s FBI background check, not the rest of the committee. “The Trump transition team is demanding the president-elect’s nominees be treated the same way they insist Joe Biden’s were,” it reads.

There’s currently a debate online about whether social media owners were always secretly or latently right wing or whether “progressives” took a business constituency that was a reliably friendly and financially generous ally and turned it into an enemy through relentless attacks. Needless to say, there are a lot of jangling threads to this story, details that are hard to wrestle into an overarching theory. There are Silicon Valley titans like Peter Thiel who have always been not simply right-wingers but advocates of weird, tech-infused neo-monarchism. There have also been various left-aligned campaigns that must have rankled various tech titans. And finally, it’s very important to remember that it’s not at all clear that Silicon Valley as a whole is moving right. Management is. But the real and big story is simpler and more structural. The major technology platforms became mature businesses at vast scales; in so doing they butted up against the regulatory purview of the national government; and with the former leading to the latter they shifted toward a more conventionally anti-regulatory politics. A lot of it is really that simple.

There’s an important additional, related point which is that on becoming mature businesses they began looking toward the federal government more and more to protect their business positions from new entrants or other threats.