In a blog post, Musk said the acquisition was warranted because global electricity demand for AI cannot be met with “terrestrial solutions,” and Silicon Valley will soon need to build data centers in space to power its AI ambitions.
This dumb fuck. Unfortunately, his boosters will be all-in on this messaging. Whatever.
Company with largest stock valuation
=/=
Most valuable company
Bobs : “What is it you do?”
Elon : "Well–well look. I already told you: I deal with the god damn customers so the engineers don’t have to. I have people skills; I am good at dealing with people. Can’t you understand that? What the hell is wrong with you people? "
No one has said this is how Elysium starts?
This is how Elysium starts.
Elysium actually had some semblance of working technology, though.
Something something torment nexus something something.
This seems like a good way to turn a golden goose into a turducken. Elon really needed some of Aesop’s fables in his upbringing.
burying his losses.
100%. They’ve announced the plans for SpaceX to have an IPO, this will basically eliminate all of his losses even if they just shut down xAI immediately following acquisition (which they won’t do just yet, because people are still bag holding AI investments.)
This guy might be a dumb fuck, but he’s the smartest dumb fuck in the billionaire game.Edit: Some of his capital investors might have told him that they want out of xAI because they see where the wind is blowing. This gets them out with profit if they pull it off fast enough.
This (SpaceX IPO) is going to be a massive rug pull, for the 2nd round of public traders and I bet that he’s got structure in place to ensure that even after selling billions of dollars of shares he still holds 51% or some shit, or that his annual compensation is $0+1% of the company.
10 years ago I would have bought into a SpaceX IPO. Not today.I don’t think he is dumb. He is without decency though. He doesn’t care who he hurts and I have no doubt he will hurt a lot of people in the future.
But that was the one place that hadn’t been corrupted by capitalism!
And it will all come crashing down
great place to store the expensive child porn generators. far away in space, where a molotov can never reach.
i fucking hate this timeline.
Strapping a lead albatross to your space program is certainly a choice
Incredible there are people dumber than him giving him money when he says things like this. He is an absolute conman.
THERE’S NO INTERNET ON MARS
a good salesman would ride an ai guided rocket to mars.
One day we’ll be shooting satellites out of the sky for sport
smoke screen. expect some mirrors
Someone needed a distraction from his name appearing all over the Epstein files
Every article needs to read “Elon Musk, who’s name repeatedly appeared in the Epstein files”
Financial trickery is what this is. Rolling one failing business into the next, Tesla will follow soon. It’s incredible that this is even legal, but of course nothing matters anymore in Trump’s America.
The stupid thing is that it‘s perfectly legal as long as nobody looks into it and because it‘s a US corporation nobody will look into it.
this is it
supporting the share price long enough he can sell as much as possible
Is he actually selling shares? Imo this move might actually be more about gaining more control percentage wise.
Similar to how he increased his control when he folded Twitter into xAI (at a imo very favorable valuation for him), which gave him a larger share of the combined company.
If he merges space x and xAI (especially at a high valuation of the latter), he would own more of the combined company as he owns more of xAI then space x.
For me the only surprising thing is how existing shareholders seemingly just let him dictate these mergers and valuations. But I guess they face a dilemma where valuation depend so much on Elon that they have to play by his rules or risk loosing even more.
