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by riffraff
11 days ago
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You do realize SpaceX valuation is completely detached from the space business at this point? Their S1 cites (by memory) a 370B addressable market for space stuff and a 27 trillion for AI. And for AI they counted all Twitter accounts as grok users. The Spaces eXploration company was a cool company, but it's not what's being sold to the market now. |
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The AI stuff is dumb and just subsidize Elons prior dumber investments.