In a blog post, Musk said the acquisition was warranted because global electricity demand for AI cannot be met with “terrestrial solutions,” and Silicon Valley will soon need to build data centers in space to power its AI ambitions.
This dumb fuck. Unfortunately, his boosters will be all-in on this messaging. Whatever.
Someone needed a distraction from his name appearing all over the Epstein files
Every article needs to read “Elon Musk, who’s name repeatedly appeared in the Epstein files”
Financial trickery is what this is. Rolling one failing business into the next, Tesla will follow soon. It’s incredible that this is even legal, but of course nothing matters anymore in Trump’s America.
The stupid thing is that it‘s perfectly legal as long as nobody looks into it and because it‘s a US corporation nobody will look into it.
this is it
supporting the share price long enough he can sell as much as possible
Is he actually selling shares? Imo this move might actually be more about gaining more control percentage wise.
Similar to how he increased his control when he folded Twitter into xAI (at a imo very favorable valuation for him), which gave him a larger share of the combined company.
If he merges space x and xAI (especially at a high valuation of the latter), he would own more of the combined company as he owns more of xAI then space x.
For me the only surprising thing is how existing shareholders seemingly just let him dictate these mergers and valuations. But I guess they face a dilemma where valuation depend so much on Elon that they have to play by his rules or risk loosing even more.
“…creating the world’s most overvalued private company.”
FTFY.
I’m not really convinced SpaceX was over valued IF Starship succeeds, but every single part of xAi was.
And also, that’s a pretty big if!
For sure. I don’t doubt they’ll get it functional and getting payloads to space, but the entire premise is on full rapid reuseability, including same day relaunch of starship. That is still a very very very big if.
If they can’t get to that point, it’s not worth anywhere near what it is being predicted to be worth.
Bullshit. He’s playing move the debt around.
Absolutely. And if the AI market takes a hit it will barely affect a government contracted space program that will get a taxpayer funded bailout if it has any trouble at all.
They don’t always bail them out. Sometimes they force sell them to their competitors.
The richest man on Earth will absolutely get a bailout on our dime and not spend a cent of his net worth.
Yup. Who’s in charge of determining if he gets bailed out? How much money does each of them need to say yes?
Oh, they won’t take money? What influence does he need to buy?
For the amount of money he’s set to get, there’s noone that’ll turn down a nice gift of some sort.
The government will not let SpaceX fail, it’s a strategic asset and Musk knows this. He is going to tie his Xai to it and saddle it with all the debt it is incurring. When the AI bubble pops he will be able to ask for bail outs to keep SpaceX afloat.
Companies that are too big to fail and need a bail out, should be automatically nationalised.
“B-b-but that will stifle innovation!”
It will most certainly stifle innovative ways to leech more profit while the taxpayer is left holding the bag.
Ah, who am I kidding? They’ll find something new. It will just spark more innovation.
*Automatically nationalized and leadership at those companies should be investigated and tried for fraud.
These CEOs need to take accountability not a golden parachute. They know when a business is failing and when they are defrauding investors and the public.
Ding ding ding!
That the reason behind all the AI datacenters in space hubub? Makes sense. The usual “subsidize the losses” strategy.
I could have seen the opposite, too, where xAI pays spaceX gobs of money for tons of datacenter launches in advance, bubble pops, xAI goes under and spaceX still has the money. But ya I think this is “the govt won’t let spaceX fail, pile all the riskiest shit into that”
We NEED Datacenters in SPACE so we can Make Better CHILD PORN with GROK!
You mean that guy who desperately tried to invite himself to an island to rape kids, but was deemed too big of a weirdo and jackass?
Yeah cool, go AI rockets or whatever.
I guess do feel bad for the innovators and engineers that are doing actual cool shit in his companies. Must suck to be downstream of that shithead. So much potential, so much stigma (for the company, not the pedo fuckhead)
Spacex had a team of people who would cosplay as engineers and be enough of a distraction that it would distract him from meddling with anything really important. He’s mostly whittled away the leadership that protected the company from him these days
Putting AI datacenters in space has got to the be dumbest idea conceived by Elon yet. There has to be several dozen engineering challenges to even make that happen and when all is said and done it would make absolutely no financial sense to actually do it. This is just yet another attempt by Elon to hype up spacex for an IPO. It’s a very poor attempt at that.
EDIT (1 day after initial comment): There is one angle I didn’t think of yesterday but just dawned on me. Now that Twitter office was raided by authorities in France, perhaps Elon thinks he can put datacenters in space to get around the jurisdictions of countries. He might be thinking by putting datacenter in space that can beam data directly through starlink he can basically side step local law. He may think by having CSAM generating datacenters in space it can’t be raided and be shut down easily by terrestrial law enforcement. Obviously this is not how law and law enforcement works but I think there is a decent chance Elon is dumb enough to think his idea would work.
it’s getting hard to differentiate his ideas that are intentionally scams and his ideas that are just ketamine fueled insanity
You would have really liked the comedian we saw last night. Epstein files were the main topic. Sammy Obeid. Good stuff.
Isn’t heat management like one of the stickiest problems in long term space travel? Bc a vacuum doesn’t have anything it can transfer heat to so it can’t cool down. And this guy wants to establish data centers for which heat management is also its biggest problem.
Heat dissipation was my very first thought. Musk’s whole premise is absolute horseshit with modern and even near-future tech.
It’s not a problem like “get heavy thing off ground”, where we can study principles of lift, throw fossil fuels at rocketry, etc. There is no magic bullet for “move this massive amount of heat somewhere else”; entropy has too much to say on the subject.
There is no magic bullet for “move this massive amount of heat somewhere else”
Space does let you dissipate heat via radiation (just not convection or conduction). Space radiators are a well understood and often-used technology.
The problem with space data centers isn’t the technology, we have the technology. It’s the cost. Everything in space is orders of magnitude more expensive than terrestrially. It’s simply not economically feasible to build a data center in space when you can build hundreds for the same cost on Earth.
yes but DNS is terrestrial, so you could just ban the web portals and apps on earth.
Yes you could VPN to a non-compliant country, but you can already do that without a spater spenter
In a blog post, Musk said the acquisition was warranted because global electricity demand for AI cannot be met with “terrestrial solutions,” and Silicon Valley will soon need to build data centers in space to power its AI ambitions.
Lololololol
Dumbass McScammer at it again. His starship still can’t even bring a fucking banana to LEO but sure, pets move entire datacenters there.
He has lied about everything for decades now, this too, ain’t gonna happen.
Not to mention the MASSIVE drawbacks to having data centers in space. The guy is going to ruin SpaceX, too.
I’m really trying to think of a single upside to putting it in space. Unfiltered solar power, does that matter at all? Not that you would ever break even on the cost.
Imagine his dumb goober voice
“Ackshually - it’s it’s it’s quite cool in space - practically near a useful enough temperature for graphic processing units to dissipate heat”
Lol yeah… not how that works at all
I had to try it
Amazing
No seriously trust him he is going to build automatic driving cars for robots that are going to be catapulted to space with the skills to create networks and datacenters that can transmit with useable latency across the void of space so we can get ads for the McDonalds app on his totally cool microblogging website all powered by the sun.
The earth will be a fireball, but the McDonalds will be only 99% or less microplastic.
Space is the worst place for high powered servers because of all the heat involved along with the inability to perform maintenance. It’s just a grift, it will not be profitable to put HPC GPUs in orbit.
Please reboot the server, on site.
That’s what the AI (Actual Indians) controlled robots will be for
I know someone who should try that in the company who try it without a space suite.
Valuable to whom?
hopefully his shitty AI will tank his nazi rockets. one can only hope.
It kind of sucks because the people working at spaceX are actually doing great things as a whole.
Just sucks a person like muskrat is the face of it.
They should work for NASA instead.
NASA has contracted out basically all their rockets. We need spacex. Elon needs to be in jail. If only for threatening national security with this dumb move. Never mind being a Nazi and election interference.
Republicans keep gutting the NASA budget.
Yes, go work for the shithead nazi government instead of the shithead nazi private company…
Pretty sure NASA is not run by Nazis, are you good?
HA!
You should look into where the Nazi rocket scientists went after WW2 and how few of them saw any form of punishment for their involvement.
And that doesn’t even take into account the pseudo-Nazis running the current US government, which is certainly what the other poster was talking about.
Nazis and NASA are like a peanut butter and jelly sandwich.
This is, at least, a better written take
Oh, so NASA os not qctually a government agency? Neat…when did they separate out from the government, I must have missed that
The people at SpaceX are poisoning landscapes that used to be neighborhoods with toxic waste because the company doesn‘t give a shit about the environment, people or the planet. Fuck whoever works at SpaceX and partakes in this. Oh, they‘re also making Musk even more powerful so that‘s a double L.
I’m gonna need a source for that. I follow SpaceX fairly closely (as a fan of the engineering, not Musk), and I can’t think of where this could possibly be happening, even through a wild misunderstanding of a situation.
Oh, that. If you read the article, you’ll see that the “toxic waste” was really just used water from the deluge system. Think of it like rinsing off your car and the runoff getting into a river. A good chunk of the water was collected too, so the actual discharge was much less. On top of that, it was later clarified that SpaceX could continue the operations while the permit process was sorted out, which happened a few months after that article IIRC. It was basically a nothingburger that a few commentators tried to blow up.
SpaceX wrote in its July permit application — under the header Specific Testing Requirements — Table 2 for Outfall: 001 — that its mercury concentration at one outfall location was 113 micrograms per liter. Water quality criteria in the state calls for levels no higher than 2.1 micrograms per liter for acute aquatic toxicity and much lower levels for human health
Cool, you can drink the mercury water, but I’ll pass thanks.
Agreed. I just got banned from techtakes for pointing this out but the Falcon 9 rocket is the most reliable launch vehicle today.
https://en.wikipedia.org/wiki/Comparison_of_orbital_launch_systems
So he decided to ruin his one successful company. Which is successful because he wasn’t involved in running it until now.
Company with largest stock valuation
=/=
Most valuable company
One day soon he’ll run out of companies to eat each other and the creditor bill will come due.
I wonder which American taxpayers will foot the bill?
All of them!
Because the rich can’t technically be taxpayers if they don’t pay in the first place.
Odd to say that while referring to Musk, a person who famously paid the most taxes by any individual ever in a year; over >$10B in a single year.
I don’t think that what he’s famous for.
This is following the rules because the rules are written by the rich to benefit the rich. Countries need wealth taxes and more equitable policies on unrealized gains.
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