@Katy49889108@_esk_kse_@songpinganq GOOGL is renting compute space from SpaceX because they actually have customers that are using their AI. No one is using Xai for compute (not a good thing ) so they actually have capacity.
@glazierboss@_esk_kse_ GOOGL is renting compute space from SpaceX because they actually have customers that are using their AI. No one is using Xai for compute (not a good thing ) so they actually have capacity.
We value SpaceX at $63 per share, a 53% discount to the upcoming IPO’s offering price.
Even giving SpaceX the benefit of the doubt in several key forecasts, only the most optimistic ‘Moonshot’ scenario approaches the IPO offering price. https://t.co/ibUZ4lUaWw
Elon Musk spent forty four billion dollars to buy Twitter, then tried to back out of the deal, then was forced by a court to go through with it anyway.
He said he was saving free speech. What he actually did was overpay at the top, load the company with debt, and watch the value fall by an estimated two thirds in under two years. Advertisers left. Engineers left. The product got worse.
He fired most of the staff and called it efficiency. Then he spent months personally posting the exact kind of content that drove the advertisers away in the first place, and acted surprised when the revenue followed them out the door.
This is the operator founders study. The lesson everyone takes is bold conviction. The actual lesson is a man so certain he is the smartest person in every room that he torched tens of billions of dollars to prove a point.
He did not save the town square. He bought it at the peak and ran it into the ground.
Ossoff: Last September, the President of Kazakhstan calls Donald Trump and says he wants to grant tungsten mining rights to an American company. And the very next month, Eric and Don Jr. get a stake in the American company pursuing the mining deal.
Six days later, six days after Prince Eric and Prince Don get their stake, Kazakhstan announces this company will get, “The largest known undeveloped tungsten resource in the world.” A few more weeks go by, and then the U.S. government, run by their father, sets aside 1.6 billion of your tax dollars to fund and finance their mining project. In Kazakhstan.
All this while you pay more for gas, for groceries, for health care, and that's just the tip of the iceberg.
Retail is drooling over the "generational founder" narrative and begging for a SpaceX IPO. You are completely missing the math.
Wall Street isn't hyping a $1.77T private valuation to make you rich. They are engineering a $75B liquidity exit for early insiders before the structural cost of capital absolutely crushes late-stage venture debt.
If you plan on buying this when it finally goes public, you are volunteering to be exit liquidity.
Save this tweet for 6 months from now.
$TSLA $QQQ
SPACEX IS COMPLETE GARBAGE
Run, don't walk from this train wreck.
The numbers are right there in the S-1 filing for anyone willing to look.
SHAME ON YOU ELON MUSK
YOU BELONG IN JAIL
SHAME ON YOU @SECGov and @SECPaulSAtkins for allowing this to proceed.
SHAME ON YOU MORGAN STANLEY and TED PICK
SHAME ON YOU GOLDMAN SACHS and DAVID SOLOMON
SHAME ON YOU Bank of America, Deutsche Bank, UBS, Citigroup, JPMorgan, Mizuho, RBC, Macquarie, Wells Fargo, Allen & Co, Needham, Raymond James, Stifel, Cantor Fitzgerald, Soc Gen, Mirae, Santander, ING, and BTG Pactual.
Have you no shame? Have you no decency? Have you no honor?
Or is it all about the fees?
And the index providers are making it even WORSE.
Nasdaq changed its rules so SpaceX auto-qualifies for the Nasdaq-100 after just 15 days of trading triggering up to $60 BILLION in forced buying from ETFs alone. S&P Dow Jones Indices is now consulting on whether to fast-track S&P 500 inclusion for unprofitable mega-cap IPOs of this scale.
To Adena Friedman at Nasdaq and Catherine Clay at S&P Dow Jones Indices:
You are about to force every retirement account in America to become EXIT LIQUIDITY for the most overpriced IPO in history.
This is a legally sanctioned wealth transfer from Main Street to Wall Street. The public will be badly injured and EVERY ONE of you knows it.
You all belong in jail for this.
David Solomon and Ted Pick, grow a pair and do the right thing and stop this epic travesty.
How are you able to sleep
at night?
You and your firms are PATHETIC.
I know it’s become pretty cliche and cringey to talk about at this point but if you’re under like 25 I cannot stress enough how one time Obama wore a tan suit and people spent a week arguing over whether or not it was demeaning to the Oval Office and they were serious about it.
None of this is satire.
→ A company spent $500,000,000 on Claude in one month because nobody set usage limits
→ Uber ran leaderboards ranking engineers by how much AI they used, not what they shipped
→ Uber burned their entire 2026 budget by April. Their COO said he can’t connect any of it to consumer features
→ A CTO told Axios employees were using enterprise AI to check the weather
→ Microsoft canceled most Claude Code licenses because the token bill spiraled
→ Companies are now laying people off to pay the AI bill. Not because AI replaced the work. Because the bill replaced the headcount.
@NicoHQ1 Your take is about 2 generations too late. They cooked the steak super well done to kill any parasites and worms that might be in the meat they were eating.