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> If you have a 401k you will be an investor 15 days after launch You will be an investor in spacex and xai which it bought. Fun fact, Xai net loss 6 billion
by throwaway290 6mo ago
> If you have a 401k you will be an investor 15 days after launch
You will be an investor in spacex and xai which it bought.
Fun fact, Xai net loss 6 billion dollars per year and SpaceX net profit 8 billion on a good year (https://www.reuters.com/technology/musks-xai-posts-net-quarterly-loss-146-billion-bloomberg-news-reports-2026-01-09/ https://www.reuters.com/technology/musks-xai-posts-net-quart... https://www.globalbankingandfinance.com/spacex-registers-take-rocket-maker-public-blockbuster-ipo/ https://www.globalbankingandfinance.com/spacex-registers-tak...)
If you remember xai, it's that company currently being sued for the undressing kids feature (https://www.theverge.com/ai-artificial-intelligence/895639/xai-grok-teens-lawsuit-grok-ai-elon-musk https://www.theverge.com/ai-artificial-intelligence/895639/x... https://en.wikipedia.org/wiki/Grok_sexual_deepfake_scandal https://en.wikipedia.org/wiki/Grok_sexual_deepfake_scandal) in its flagship product. By the way the feature is still enabled apparently
Is there something about why spacex wants to go public ? if not then this is definitely about xai... to hide unprofitability and offload it on general public ASAP.
- lokar 6mo agoThe SpaceX profit is EBITDA, not real. And presumably includes massive starlink depreciation and stock based comp.