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by merlindru 11 days ago
why would Google help a competitor like that, though?
6 comments

Google (Alphabet) owns 6% of SpaceX which they bought for $12B in 2015. They want to maximize the value of their investment.
The article mentions Google is heavily invested in it.
How is Google competing with SpaceX?
If you look at the IPO filings you’ll see that Spacex as we know it is just a small part of the expected revenue generator. It is supposedly Grok and AI, hence Google competitor.
I can’t believe serious people use Grok. It has to be propped up by Twitter usage/Musk fans right? It really strikes me as the worst one.
Well you or me also can publish a statement claiming we are Google's competitors. That doesn't mean they'll take it seriously.
They’re both AI companies
All companies are now AI companies. Just like a while ago all companies were suddenly Ads companies. The entire tech sector is one big FOMO - once you reach certain scale you do exactly the same thing as everyone else.
I get what you mean but SpaceX owns xAI, which is objectively a company that trains models and has massive distribution by owning X.

I don’t think their models are competitive with Google, and Google obviously has the best distribution imaginable, but they definitely are a competitor.

In the way that Michael Jordan and myself are both basketball players
One of which has more capacity and wants even more, one of which has less capacity and is renting it out.
In the sense that if you want to sell anything whatsoever today it must an AI story.
One is an ad company the other a lifestyle venture?
Google is safeguarding it's investment in SpaceX.
Maybe common investors want to sell stocks to retail
They are not. The amount of conspiracy in high ranked HN comments for AI companies is insane.