6Pages Market Shifts

3 Shifts Edition (Mar 28 2025): OpenAI and advanced image generation, Europe's defense mobilization, China’s commercial space industry

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Hi everyone – welcome to your 3 Shifts Edition [AI-generated audio version].

First, OpenAI’s new image-generation feature is shockingly useful. It will actually follow the user’s direction as you iterate on a piece of work – instead of having to continually spin the roulette wheel and hope it spits out something useful.

Next, Europe is finally serious on defense – with Germany, France, and the broader EU rolling out big spending packages in response to Trump’s reorientation and Russia’s looming shadow. The reshaping of the US-EU relationship is having unforeseen consequences, such as EU nations looking to expand their nuclear arsenals.

Finally, China is putting billions into reusable rockets, with the aim of building a SpaceX-style commercial space industry. With an array of startups and state-backed giants pushing on reusable vehicles and megaconstellations, it looks like China will be making low-earth orbit a much more crowded place. 

Enjoy.

– Tam

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