SpaceX is three scams in a trench coat. It has no viable path to the level of profitability that would be required to justify the valuation. Don't take it from us, take it from experts like Morningstar, who said the company is worth less than half the IPO target. #TeslaTakedown
#TeslaTakedown
It's funny how the pitch for SpaceX is domination of the global AI business but the company's primary business (~60% of revenue going forward) is leasing its GPUs to Anthropic and Google at a discount because nobody wants to use Musk's MechaHitler AI.
Alphabet Inc.’s Google has agreed to pay Elon Musk’s SpaceX $920 million a month for computing power as part of a cloud services deal that runs through mid-2029, its second such agreement with an AI c...
