[dualvariable]

> and xAI is loosing money.

xAI is burning through a tremendous amount of money.

it is getting propped up right now through leasing compute to Anthropic, which isn't really AI sector profitability. even if the AI bubble doesn't collapse, Anthropic is unlikely to want to keep shovelling money at its competitor.

and right now the xAI+x business segment is getting propped up by a couple billion a year in sustainable revenue from social media, making it look better than it should.

the core SpaceX/Starlink business itself looks pretty amazing and could probably justify $600B-$1T valuations, having roughly comparable financials to something like Visa, particularly if you removed the Starship development costs. but to say xAI is a boat anchor is probably being overly charitable... like if your boat anchor was a supertanker that was sinking into the abyss.