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
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.
Not to mention the MASSIVE drawbacks to having data centers in space. The guy is going to ruin SpaceX, too.
I’m really trying to think of a single upside to putting it in space. Unfiltered solar power, does that matter at all? Not that you would ever break even on the cost.
Imagine his dumb goober voice
“Ackshually - it’s it’s it’s quite cool in space - practically near a useful enough temperature for graphic processing units to dissipate heat”
Lol yeah… not how that works at all
I had to try it
Amazing
No seriously trust him he is going to build automatic driving cars for robots that are going to be catapulted to space with the skills to create networks and datacenters that can transmit with useable latency across the void of space so we can get ads for the McDonalds app on his totally cool microblogging website all powered by the sun.
The earth will be a fireball, but the McDonalds will be only 99% or less microplastic.
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.
Yup. Who’s in charge of determining if he gets bailed out? How much money does each of them need to say yes?
Oh, they won’t take money? What influence does he need to buy?
For the amount of money he’s set to get, there’s noone that’ll turn down a nice gift of some sort.
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? "
What if we put the pedophilia…in space??
Better check the capsule for kids first… “this is the one thing we didn’t want to happen”
It’s not illegal there?
Ugh… I can’t believe i actually typed that out
I’m…actually not sure how the rules would apply, how far up various airspaces go or if it’s an Antarctica kinda deal.
Pretty sure he’d been violating all sorts of human trafficking laws tho
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.
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.
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.
great place to store the expensive child porn generators. far away in space, where a molotov can never reach.
i fucking hate this timeline.
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.
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.
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.
Odd to say that while referring to Musk, a person who famously paid the most taxes by any individual ever in a year; over >$10B in a single year.
I don’t think that what he’s famous for.
This is following the rules because the rules are written by the rich to benefit the rich. Countries need wealth taxes and more equitable policies on unrealized gains.
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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.
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.
