[gadflyinyoureye]

Eventually. I'm a bit concerned about it right now. I think SpaceX showed that the AI story is weaker than promoted. This will make people wonder about all the money going into it. If the bubble pops, the blow back on that particular index will be huge. Maybe dotcom bursting huge. But after 15 years QQQ move positive.

[cl42]

SpaceX is a really interesting one, tbh, especially in the context of circular deals... they're making $2b/month leasing their data centers to Anthropic and Google, which is a huge markup.

... but then again... if they are leasing the compute then it implies their own AI work isn't paying off?

In short: I agree with you.

[AlexCoventry]

SpaceX mainly showed how corrupt securities regulation has become in the US. It was already quite corrupt, but there's no way that IPO would have flown under the Biden administration.