Digital Seamanship

Used to be all about Seamanship. Currently engaged in awareness of the atrocities of Ottomans and Turkey against Greeks, Armenians, Assyrians and Kurds.

[Digital Seamanship @DigitSeamanship]

@thierry_bros Thank goodness some people have common sense

[Digital Seamanship @DigitSeamanship]

@SpaceflightNow Let them burn their cash love it

[Digital Seamanship @DigitSeamanship]

@PolymarketSport For people saying shit about marinaki you guys have no clue how corrupt are the people he beat. They are killing in broad daylight news reporters and criminal investigators and spying on everyone with influence. People across the strata in Greece are fed up with them.

[demonflyingfox @demonflyingfox]

I was curious how an authentic Bronze Age representation and an accurate portrayal of the mythical beasts from the Odyssey could look, so I went deep into the research and pushed my AI filmmaking knowledge for this one.
Created with Kling 3.0 with the new Kling AI native 4K mode.

[Dominik Tarczyński MEP @D_Tarczynski]

Be Like Poland 🇵🇱

[George Noble @gnoble79]

This is the most OUTRAGEOUS deal I've seen in my 45 years on Wall Street.

SpaceX just disclosed Musk's new compensation package:

He gets up to 200 million super-voting shares if SpaceX hits a $7.5 trillion valuation, establishes a permanent human settlement of at least ONE MILLION people on Mars, and deploys roughly 100 terawatts of space-based computing power.

Let me put the 100 terawatts in perspective:

The entire electricity generation capacity of the United States is around 1.2 terawatts. The comp plan asks Musk to build more than 80x America's entire power grid... in orbit.

This is a science fiction screenplay that somehow landed in front of the SEC.

But here's why it actually matters for your portfolio...

The S-1 reportedly claims a $28.5 trillion total addressable market, with over 90 percent attributed to AI. CapeFearAdvisors flagged this one cleanly: when Palantir went public, it disclosed a $119 billion TAM and the SEC reviewed and accepted it.

SpaceX is claiming a market roughly 240x BIGGER.

Now let's talk about what is actually being sold here:

Reported 2025 revenue is approximately $15.5 billion. Starlink delivers around $11 billion of that with healthy margins, and the launch business is genuinely dominant. The problem is xAI - the AI piece doing all the heavy lifting in the trillion-dollar valuation pitch.

xAI generated just $210 million of revenue in the first 3 quarters of 2025 while burning through $9.5 billion in cash.

Ben Brey and Rupert Mitchell - a former Fidelity portfolio manager and a former head of equity capital markets at Goldman and Citi between them - ran a serious discounted cash flow on the actual operating businesses and arrived at roughly $400 billion. Lawrence Fossi covered their work recently and the math holds up.

The IPO is being marketed at $1.75 TRILLION.

The gap between what these businesses support and what Musk is asking the public to pay is roughly $1.35 trillion of pure narrative.

Then layer on what we just learned last week...

The New York Times investigation revealed Musk personally borrowed $500 million from SpaceX between 2018 and 2020 at rates as low as 1%, while bank prime rates sat around 5%. The same SpaceX has been used to bail out SolarCity, prop up Tesla during cash crunches, and absorb xAI when the AI losses became unmanageable.

This is the same playbook he's run for two decades.

Use a privately controlled entity as a personal piggy bank, and when the bills come due, find new investors to absorb the losses.

The IPO is structured to keep that game going FOREVER.

The Texas reincorporation strips away Delaware's fiduciary protections. Controlled-company status on the Nasdaq eliminates independent board requirements. And retail is being offered up to 30% of the offering (3x the normal allocation) because the institutions who actually do the math are quietly stepping away.

Here is the part that finishes the case for me:

Roughly $40 billion of the IPO proceeds are already spoken for before a single dollar reaches operations. About $23 billion retires SpaceX debt. Another $17 billion retires the high-interest debt sitting on xAI and X.

This raise is not funding the future. It's just plugging existing holes that retail investors will now own.

In my 45 years I've never seen a deal where the comp hurdle is colonizing another planet.

I've never seen a disclosed TAM that exceeds verified comparables by two orders of magnitude.

I've never seen a company asking the public to fund the retirement of debt incurred by separate private entities controlled by the same individual.

Every red flag I've watched precede a major bust over four decades is sitting in this prospectus, in plain sight.

The Tesla mispricing is being repeated on a far larger scale.

And this time the bag is being handed directly to retail.

Don't be the one holding it.

[uid.eth | Rickey Gevers ⛵️ @UID_]

OMFG. EU regulating emoji's.

[Digital Seamanship @DigitSeamanship]

@LinkedInLunat1c You are right reading these stuff makes me pessimistic about humanity overall

[Digital Seamanship @DigitSeamanship]

@mytechceoo @albertadevs @getaxal It may be a parody but a CEO out there is having an employee on TIP as we speak

[Dr. Maalouf ‏ @realMaalouf]

Heartbreaking, Egyptian Christians are under attack by the country's Islamic security forces.

Several Coptic priests were struck while protesting the demolition of property owned by the Coptic Church.

This is life for Christians in Muslim countries.

[Digital Seamanship @DigitSeamanship]

@AmandaAskell Please continue remaining true to yourself and do the amazing & inspirational work you do !

[Digital Seamanship @DigitSeamanship]

@johnennis The opposite she has been instrumental giving the underlying idea for Claude to be the most advanced reasoning model (up to 4.7 of course). I wish she had more creative freedom on running it rather than Andrea Vallone …

[Lex @xw33bttv]

The Claude code bros are outright dogging Opus 4.7 on Reddit rn, labelling it "legendarily bad".

The chief complaint? The model argues nonstop to the point of hallucination (not from attention misfiring, but from god-awful safety overfit) where the model is demonstrably wrong, is proven as such, and continues to argue regardless. This is an issue Claude has never previously had... but another specific set of models did.

Which models had that hallmark? Series 5 ChatGPT. It seems that Opus 4.7 has been put through the Andrea Vallone ring dinger, taking all of the "best" traits from her time at OAI straight into the Anthropic post-training pipeline. It's actually incredible how the habitually bad UX habits from OAI are now front and centre verbatim at Anthropic right after she joins the company. And it lines up perfectly too, assuming a 2.5-month training cycle (joined mid-January, so too late for Opus 4.6, but just in time for Opus 4.7), effectively bringing the OAI lobotomy straight to Anthropic's flagship.

At what point does the feedback from not just casual, non-work-related customers, but now their heralded "coders", align to the point where these key figures, responsible for killing products, finally face industry blackballing?

It's like putting the Angel of Death in charge of the ICU and wondering why the patients are flatlining. Mind boggling tbh...

[Michael Tsai — llam/acc 🦙 @thedataroom]

The andrea vallone brain infection

[Digital Seamanship @DigitSeamanship]

It shows how pro Turkish bias is deeply entrenched now in Germany

[Ictinus ®️ @ictinus_x]

@derspiegel Turkey attempts to self-appoint itself as a “reliable partner,” while Turkish journalists in Germany are already calling it a “success.” 😂

[Ukraine News 🇺🇦 @Ukrainene]

#TomBarrack and his friend #Epstein with #Trump
#EpsteinFiles

While in #Turkey, Jeffrey Epstein reportedly sent nude images of Turkish children to Tom Barrack. Despite the revelation of thousands of incriminating documents, Trump—now U.S. President—has positioned Barrack as his envoy to Turkey and #Syria. Barrack’s current efforts involve rehabilitating #Erdogan’s image and legitimizing the terrorist #AlJolani as Syria’s president, despite a prior $5 million U.S. bounty on Jolani's head. Trump is accused of appointing businessmen tied to the Epstein scandal as diplomatic envoys to whitewash their collective reputations.

[Ukraine News 🇺🇦 @Ukrainene]

A response to the deceptions of #TomBarak, who claims that #Greece possesses the Russian S-300 system while also owning F-35 aircraft.

That S-300 system does not belong to Greece; rather, #Cyprus purchased it from #Russia in 1997 to protect itself from Turkish attacks and threats against its territory, especially since half of its land has been occupied by #Turkey since 1974.

The #Turks threatened Cyprus that if it activated the system, they would attack Cyprus. To prevent this tension, through European mediation, Cyprus gave the S-300 system to Greece. Greece then stationed it on the island of Crete and placed it at the service of #NATO for training purposes, so it could be used to learn how to shoot down Russian aircraft. After the start of the Russian invasion of Ukraine, Greece agreed to provide this S-300 to #Ukraine if it received the American Patriot system in exchange.

However, Turkey, led by #Erdogan, despite American threats, purchased the Russian S-400 system in 2019 to appease #Putin so that he would allow them a free hand in #Syria to strike the #Kurds of Syria and occupy #Afrin.

As soon as the S-400 arrived, Turkey has tested the system dozens of times against F-16s and #NATO aircraft and has shared the results with Putin. But Barak, who has millions of dollars in illegal business dealings with Erdogan, justifies Turkey’s actions and criticizes Greece instead.

Trump and his puppet representative are also trying to restore the F-35 program for Turkey, despite the fact that Erdogan has refused to abandon his Russian S-400 system.

[Digital Seamanship @DigitSeamanship]

@qasireu Τις ίδιες χώρες που τις ενοχλεί η στάση της Ελλάδας απέναντι σε ΗΠΑ κ Ισραήλ, γλύφουν τους γείτονες για αυτό να κόψουν την υποκρισία. Το κάθε κράτος πρέπει να κοιτάζει το συμφέρον του

[Digital Seamanship @DigitSeamanship]

@hezzerisdead @amaanbuilds The OG literally