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Company with largest stock valuation
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No one has said this is how Elysium starts?
This is how Elysium starts.
And it will all come crashing down
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.
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.
Lololololol
Dumbass McScammer at it again. His starship still can't even bring a fucking banana to LEO but sure, pets move entire datacenters there.
He has lied about everything for decades now, this too, ain't gonna happen.
But that was the one place that hadn't been corrupted by capitalism!
Bullshit. He’s playing move the debt around.
Absolutely. And if the AI market takes a hit it will barely affect a government contracted space program that will get a taxpayer funded bailout if it has any trouble at all.
They don't always bail them out. Sometimes they force sell them to their competitors.
The richest man on Earth will absolutely get a bailout on our dime and not spend a cent of his net worth.
What if we put the pedophilia...in space??
It's all a scam that would be investigated in normal times. Tesla's cars and robots will need AI to function (albeit xAI seems to be failing spectacularly), and xAI is hemorrhaging cash, but he loses leverage over Tesla's board if the AI division went to the Tesla. SpaceX investors should be pissed they're going to be carrying it now, and Tesla investors should be pissed as well.
“Valuable”
How long until he rebrands Tesla to X Automobiles?
Naming everything to "X" is a cartoon villain move, except we don't have a superhero to fight him.
If xAI disappeared tomorrow, literally nothing of value would have been lost. I'm not sure who would even notice immediately as I still have never met a single human being in real life who personally uses X.
@Grok the primary fuel flow regulator is showing a red light, what's wrong with it?
Lol "Valuable" ooookay then
One day soon he’ll run out of companies to eat each other and the creditor bill will come due.
I wonder which American taxpayers will foot the bill?
All of them!
Because the rich can’t technically be taxpayers if they don’t pay in the first place.
Valuable to whom?
Putting AI datacenters in space has got to the be dumbest idea conceived by Elon yet. There has to be several dozen engineering challenges to even make that happen and when all is said and done it would make absolutely no financial sense to actually do it. This is just yet another attempt by Elon to hype up spacex for an IPO. It's a very poor attempt at that.
EDIT (1 day after initial comment): There is one angle I didn't think of yesterday but just dawned on me. Now that Twitter office was raided by authorities in France, perhaps Elon thinks he can put datacenters in space to get around the jurisdictions of countries. He might be thinking by putting datacenter in space that can beam data directly through starlink he can basically side step local law. By having CSAM generating datacenters in space it can't be raided and be shut down easily by terrestrial law enforcement. Obviously this is not how law and law enforcement works but I think there is a decent chance Elon is dumb enough to think his idea would work.
yes but DNS is terrestrial, so you could just ban the web portals and apps on earth.
Yes you could VPN to a non-compliant country, but you can already do that without a spater spenter
it's getting hard to differentiate his ideas that are intentionally scams and his ideas that are just ketamine fueled insanity
where is the regulation
Same place as the bill of rights.
Space solar panels and datacenters is pure fraud. Merger is purely to ruin one established company with revenue, mostly government funded, with an anchor to sink it, but help mecha hitler control skynet.
Makes sense. Wants the bailouts when it all crashes, doesn't want terrestrial data center regulations so he can get away with whatever.
Definitely getting bail outs when it fails. Fucking plutocracy sucks, privatized profits, socialized losses.
The government will not let SpaceX fail, it’s a strategic asset and Musk knows this. He is going to tie his Xai to it and saddle it with all the debt it is incurring. When the AI bubble pops he will be able to ask for bail outs to keep SpaceX afloat.
Companies that are too big to fail and need a bail out, should be automatically nationalised.
*Automatically nationalized and leadership at those companies should be investigated and tried for fraud.
These CEOs need to take accountability not a golden parachute. They know when a business is failing and when they are defrauding investors and the public.
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.
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.
Hide the company losing money in the company making money. He has done this before.
And I’m sure this has nothing to do with grok on X creating CA.
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"
Space X should be confiscated and rolled into NASA. We the American taxpayers pay for this lunatic nonsense because of Reagan and the neoliberal that followed. all the profits are privatized and funneled to a South African Zionist Nazi pedofile. When the US had public services everything wasn’t a scam like it is now. Using our tax dollars to “privatize” everything is what ruined the country