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by ColinWright
5 days ago
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Suffering the HN Hug of Death. Text reads: And just like that—surprise!—one AI company bails out another AI company's grift. Google agreeing to rent compute from xAI (cough, "SpaceX") magically makes them eligible for inclusion in the S&P500. Americans, they are looting your life savings, the ones you earned through labour that they are gleefully replacing. Your descendants will never have the chance you had. -- https://techcrunch.com/2026/06/05/google-will-pay-spacex-920... |
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This is obvious as Google is also an investor in SpaceX (and Anthropic) but this time Google is directly involved and can afford to fund them both.
The losers are the employees being laid off with their salaries and RSUs being used to fund the data centers.