Typical cash craving startup. Private markets are where companies like this belong. If they and other go under, someone may pick up the tech for pennies on the dollars. Only in the manosphere do investors get duped into flyers like Tesla and SPCX.

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using normal valuation methods which aren’t usually applied where musk is involved

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It’s depressing how willing financial media is willing to report these projections with a straight face (notable exception being Dan Nathan in Fast Money last night).

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On the bright side spaceX spent 17$ billion on AI infrastructure in Q3 Only 2$ billion on space capex

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and these expense numbers are probably also fudged by the weird SpaceX sweatheart deal - my guess is that SpaceX revenue numbers were boosted by the Anthropic QoQ comparison too. So many stupid games being played in the absence of a real SEC.

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