🤣🤑🤣
So Tesla is Baa3 and SpaceX Baa1?
🤣🤣🤣🤣🤣
I do believe Tesla is NOT paying for their rating, while SpaceX seems to have missioned the rating agencies for bond issuances.
Full disclosure I worked from late 1997 to 2003 as VP/Senior Credit Office for Moody’s.
This idea from some people that the government should heavily tax @elonmusk - the world's best capital allocator - and transfer a significant portion of that wealth to the government, one of the worst capital allocators, makes little sense, especially since much of his earned wealth exists because the companies he built have become far more valuable by creating products and services people value and are willingly to pay for.
Elon may have a high net worth, but virtually all of it is tied up in company stock. He doesn't have tens of billions of dollars in cash. Taxing his wealth would likely force him to sell significant amounts of that stock, putting downward pressure on the share price and negatively affecting millions of people who themselves own shares in those companies directly or through ETFs, mutual funds, pension funds, and 401(k)s.
I think I saw somewhere that Elon's companies have paid over $100 billion in salaries. Those salaries are taxed. Beyond that, his companies have already generated enormous economic value for America and the other regions that his companies operate in.
You want Elon Musk to do good for the world? Great, he already is:
• Tesla: Accelerating the transition to sustainable energy and developing safety technologies like FSD that saves lives.
• SpaceX: Expanding internet access through Starlink in underserved and low-income regions, saving the U.S. government $40 billion (according to the Pentagon), and restored America's ability to launch astronauts from American soil again.
• Neuralink: Giving paralyzed individuals new levels of independence with brain chips. Next, they aim to give blind people the ability to literally see.
Taking capital away from someone who has repeatedly demonstrated an ability to turn it into productive businesses, jobs, innovation, and economic growth, and handing it to a government with a far less effective track record of capital allocation - doesn't strike me as a good trade. Elon's wealth isn't a bug in our system, it's a feature of living in a country where entrepreneurs have the opportunity to build companies that create enormous value for society.
3,760 miles or 6,051 kilometers later, they've done it!
Congratulations to @DavidMoss, @DevinOlsenn, and @scotsrule08 for completing the FIRST-EVER coast-to-coast Tesla Full Self-Driving trip of all time!
If you don't think self-driving is here, think again!
The more you watch Elon Musk, the more obvious it becomes that this was never just about money. He could have walked away years ago and lived in total comfort for the rest of his life. Instead, he chose constant pressure, sleepless nights, and one impossible mission after another. He does it because he genuinely believes humanity can achieve so much more if we push ourselves harder.
He is 54 years old and still working with the intensity of someone half his age. Grinding until 3am at the office, working every waking hour seven days a week. People keep betting against him, and he keeps winning. You can disagree with him on things, but you cannot deny the level of dedication, sacrifice, and belief he has put into pushing humanity forward.
History is repeating itself once again.
Godspeed, SpaceXAI.
Scott Pelley : “ When you had that 3rd failure in a row. Did you think I need to pack this in ?
Elon Musk 🎙️ : “ Never. “
Scott Pelley 🎙️ : “ Why not? “
Elon Musk : “ I don’t ever give up. I’d have to be dead or completely incapacitated.
I work like hell. I mean, you just have to put in 80 hour to 100 hour weeks, every week. All those things improve the odds of success.
If other people are putting in 40 hours work weeks and you are putting in 100 hours work week.
Then even if you are doing the same thing will achieve what they achieve in four months what they will achieve in one year.”
— Elon Musk
@PeterDiamandis SpaceX had achieved nothing of note after 3 years and was written off as dead after 6 years with 3 consecutive launch failures.
But you may have noticed that things are different now.
What you say is true, but nonetheless our AI will be great. Whether it is the best remains to be seen, but I will never give up. Never.
Space(XAI) is only 3 years old. That’s half the age of Anthropic and quarter the age of OpenAI.
Let’s see where things stand 3 years from now.
NASA just officially unveiled their master plan for a permanent Moon Base at the lunar South Pole
This is not just about flags and footprints. NASA is moving to establish an enduring, sustained human presence, and they are heavily relying on commercial innovators to build it
The roadmap is highly aggressive:
• Phase 1: Heavy robotic missions and commercial payload deliveries
• Phase 2: Semi-permanent infrastructure, including fission surface power and lunar drones
• Phase 3: A sustained, permanent human outpost
The most important takeaway is NASA explicitly stated this base is the ultimate proving ground to prepare humanity for missions to Mars
While legacy aerospace companies are still struggling to reliably get a small capsule to the ISS, NASA is setting the stage for massive lunar infrastructure....which is exactly the kind of heavy-lift planetary deployment SpaceX’s Starship was designed for
The multi-planetary economy is officially kicking off
NEWS: A German teenager cursed at Olaf Scholz on X because his Fortnite update was crawling at 173 KB/s.
The tweet had 503 views.
German police opened criminal proceedings against him for insulting a politician. The charge carries up to 3 years in prison.
This is why free speech on X matters.
Morgan Freeman is turning his entire 124-acre ranch in Mississippi into sanctuary for bees.
Alarmed by collapsing bee populations, Freeman decided to act back in 2014. He imported 26 beehives from Arkansas to his ranch in Mississippi and planted fields of clover, lavender, and magnolia – creating a pollinator paradise across the entire property.
What began as a personal hobby quickly became a full-scale conservation effort. Bees pollinate about 80% of the world’s flowering crops – including many fruits, nuts, and vegetables. One healthy colony can pollinate up to 300 million flowers in a single day. Without bees, ecosystems collapse. Food systems follow.
Tesla says it has now built over 750,000 Model Ys at Giga Berlin since the factory opened in 2022, and is currently in the process of scaling production by 20%.
They released a new video of the factory, showing the paint shop, driving unit prod, etc.
Elon Musk turned down all shares when he left OpenAI because he believed nonprofits are not meant for self-enrichment.
"The reason I founded OpenAI was because I was concerned, based on my conversations with Larry Page, that he was not sufficiently concerned about the dangers of AI. At my birthday party, he, in front of a large group of people, called me a speciesist, for favoring humanity over computers. So after that, I was like, We got to have some counterbalance to Google, because Larry doesn't seem to care if humans make it or not.
So I thought, what's the opposite of Google? It would be an open source nonprofit, and that's where the word open, in OpenAI comes from. It means open source.
I provided all the money, recruited the key people, and taught them everything I know. I actually even got them to deal with Microsoft.
And for all that, I did not seek any financial reward whatsoever. The reason I actually took down the offer for shares is because, I mean, I felt like what are the shares, and why like nonprofits supposed to have shares? Nonprofits are not supposed to be self enrichment, so that's why I turned on the offer of shares."
— Elon Musk
@EDunham57333@SlickmediaX@XFreeze Right? @SlickmediaX bunch of white supremacist and all this other stuff mostly illiterate people that think the Earth is flat and could treat nothing society, but just love to troll people and do nothing with regards to worth except for owning a smart phone. I hate unethical idio