The SpaceX IPO Is Wild

Satellite is hackable. Fiber is cheaper and more secure. There is pretty much zero other commercial use of space. Mining? The more precious metals you bring from space, the more it cuts their price. As for AI, Elon is fighting for fourth place in a scam.

If you wanna know how delusional the market is right now, the fourth largest company in the stock market makes less revenue than Macy's, a dying retailer 😂

Quick, we are running out of money to burn and we need to tap into institutional and retail investors in order to keep this train chugging and one day, one day, maybe we might make a profit, maybe. But who cares apparently

Well at least someone is doing something interesting. If we handed his money to the government they would transfer it to people rotting in their chair watching cable television, and the working people would be over serving them…

The AI part of SpaceX is going to be worth $26 Trillion?...yeah

POP THE BUBBLE

Summary: It's yet another Elon scam.

SpaceX as an AI company is hilariously dumb, because much like Tesla's self-driving cars, X AI lags FAR behind even its least-competent rivals. OpenAI isn't worth anywhere near a trillion dollars, but their models still at least give significantly better results, while Anthropic is clearly ahead of the rest (although the vast majority of the hype around their newest models is pure marketing bullshit). X AI also already has more compute power than they know what to do with, which is why Anthropic has agreed to pay them $1.25 billion per month to lease their capacity through 2029. That's a huge number for Anthropic, by the way, which will likely eat into whatever profits they had hoped to make over the next 3 years.

(Speaking of which, I'd hate to be a company building data centers right now, as that well is already starting to run dry thanks to rampant, excess build-out.)

The point being, with Space X (the actual rocket part) not being able to do much more than blow up Starships that Musk had previously promised would be sending humans to Mars years ago, and with Twitter being a money pit, and Tesla being a failing car company who has only survived its death countless times thanks to government subsidies (oh, sorry, I'm getting ahead of myself, Tesla hasn't been absorbed into this pile yet), the only thing that Musk has to keep this trash barge afloat is the current fad, AI, and it's failing at that, too. The idea that this company is worth more than $1 billion, let alone over a trillion, is completely absurd and the entire structure of the IPO is clearly designed to try to bail the company out at the expense of retail, or at the very least, bail out the early investors who for whatever reason are still around.

The only AI company who has any hope in this is Anthropic, and even then, there are reasons to doubt that they will ever be profitable. As the years tick away and these companies try to figure it out while losing billions of dollars, open models are becoming better and better, while eventually the hardware crunch will alleviate and end users will be able to buy computers again, only these will be a lot better at running local AI than their old computers could. So the window is rapidly closing, and eventually even Nvidia will have to come crawling back to the filthy, degenerate consumer market.

I wanted to get an objective analysis and I thought I was getting it until at the end it started sounding like a hit piece, especially quoting from The New York Times which has zero interest in the truth.

They have fully automated the generation of wealth, do you think once they have fully automated the production of goods and food they’ll willingly share the world with billions of unproductive people?

Chamath didn’t even touch this one but something tells me it will resemble his IPOs.

How the SpaceX is a massive tansfer of wealth scam.
Start at min 4:46
https://youtu.be/sYA-z0Y8WRQ?is=C6eCNoPQubuOqb-6

Star Trek references / comparisons always crack me up, because as someone who's grown to love Trek.. Musk is Ferenghi, not Federation.

Can you please stop that faint click noise when putting up screen caps and other figures?

We really should have stopped right after reading the absolutely mind bogglingly ridiculous $28,000,000,000,000 Total Addressable Market claim.

Extractitallism: "extract-it-all-ism": (Noun)
an economic system characterized by private or corporate ownership of capital goods, where the capital advantaged look to extract resources from the less advantaged via price fixing, mass disinformation campaigns, political capture and technological suppression.

It should be a major red flag that they were pulling out all the stops to make spcx ipo accessible asap to retail investors (aka suckers).

I'm kno warron buffet but I can smell a good deal when I see one. All of my grandma's inheritance is going in and it's time to drop out of school to make time for the day trades.

why everyone Elon hating. u realize if he succeeds it will be the most advancement humans made. Ever.

Someone needs to keep paying the AI..

Initial POV...this video hasn't aged well.

Well, my toilet paper company... I mean, AI powered toilet paper company is looking for angel investors 😎

the most absurd aspect of this IPO is how many people are willing and eager to give their money to a known pedophile and pedophile protector who repeatedly emailed Eipstein to let him in on his island parties b/c and I quote "I have been working to the edge of sanity and I need to blow some steam in your parties." Apparently you can r*pe kids if you're a billionaire and have ppl give you their $.

"Data centers will NOT work in space"

-physics😂

Transhumanism is a cult.

Ugh i feel like its such a bubble. But I'm scared to not have money in the markets in case I'm wrong or hyperinflation is worse than the crash

Huh... it's almost like Elon and his people view the retail investors who'd be interested in SpaceX as uneducated, gullible rubes...

Can you talk about Maxinomics? I've been seeing a lot of those videos recently, and between some of the controversial takes and gambling sponsorships, I'd love to hear a no nonsense take on his claims.

SpaceX is asking you to believe that in 5-10 years their revenue will exceed the amount that all of humanity currently spends growing and consuming food.

Yeah.

Modern economics are nothing but corruption and bullshit. Fck the ultra-rich. Massive wealth taxes on billionaires, stop taxing labour.

Pump and dump

How can you identify someone is a bagholders for Musk?

It's quite simple: they won't shut up about it.

Short the fuck out of it

SpaceX = Human Centipede IV

What a week to finish my series 7 lol

Anthropic won't have positive cash flow for nearly 10 years, if ever.

Anthropic, profitable THIS year? How? Seriously, how?

Have we entered vibes based economy? 🎉

OpenAI next and it will catch up Mata

Sad to see Musk hating content from smart people

This video will age like milk

I wouldn't be upset if I'm wrong, but this screams pump and dump to me.

No, I’m gonna wait a year to see what happens😅