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24 days agoBut the way I understand is SpaceX wasn’t going into the IPO as a rocket company, they were going as an AI company. Their value was absurdly inflated because it was not based on their current space launch business or even on Starlink, but on possible future revenue (datacenters in space, you see) from the AI side of the company, which came from the xAI merge just earlier this year. Even if the company itself is solid, their stocks were still a scam.

Well, we haven’t seen much so far. I’m sure the world beyond is gonna be a lot more interesting than just a bigger version of the world we spawn in, otherwise what would even be the point?