Pick any two readings in the register. If they are the same kind of quantity in the same currency, the bench puts them on one scale and says what the scale does not establish. If they are not, it refuses and tells you which instrument each one belongs on. It will refuse more often than you expect. That is the building working.
Equity value · USD · one scale
Space Exploration Technologies Corp. beside The Boeing Company
Space Exploration Technologies Corp., Valuation tender, December 2024: $350 billion, equity value in USD, as measured 2024-12, on the basis of the price agreed in a private financing round. The Boeing Company, Market capitalisation, December 31, 2024: $133 billion, equity value in USD, as measured 2024-12-31, on the basis of the market capitalisation (the traded price of every share). The first reading is about 2.6 times the other. Both readings use the same linear scale. What this does not establish: They were measured on different dates: December 2024 and December 31, 2024. They were established differently: financing round against market capitalisation. The bench puts them on one scale because they are the same kind of quantity. It does not say why they differ.
Space Exploration Technologies Corp., Valuation tender, December 2024As measured: 2024-12
$350 billion
The Boeing Company, Market capitalisation, December 31, 2024As measured: 2024-12-31
$133 billion
0$350 billion
The first reading is about 2.6 times the other. Length represents the amount, on the same linear scale.
What this does not establish. They were measured on different dates: December 2024 and December 31, 2024. They were established differently: financing round against market capitalisation. The bench puts them on one scale because they are the same kind of quantity. It does not say why they differ.
Qualified reading. Consult each figure’s method and confidence note below; a record may be reconstructed or use market data.