[matthewdgreen]

SpaceX's S-1 says they're going to make more than $320bn by 2030 at a 74% expected profit margin. That implies they're going to succeed at selling high-value AI services, not compute, which is a competive business with typical profit margins at or below 30%.

[discodave]

EC2 may have higher margins than that.

But your point stands, ain't no way xAI competing in that game.