Company with largest stock valuation
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Most valuable company
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Company with largest stock valuation
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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? "
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”
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.
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.
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.
great place to store the expensive child porn generators. far away in space, where a molotov can never reach.
i fucking hate this timeline.
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"
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.
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.
And it will all come crashing down
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.
But that was the one place that hadn't been corrupted by capitalism!
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?
Can we also take a moment to acknowledge how utterly unhinged this part is?
"This marks not just the next chapter, but the next book in SpaceX and xAI's mission: scaling to make a sentient sun to understand the Universe and extend the light of consciousness to the stars!"
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.
Someone needed a distraction from his name appearing all over the Epstein files
@Grok the primary fuel flow regulator is showing a red light, what's wrong with it?
I'm sorry Dave. I can't do that.
Strapping a lead albatross to your space program is certainly a choice
“Valuable”