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The more straightforward explanation is that it's a story that Elon (probably correctly) thinks will sound good to wall-street and enable him to take a ton of t
by gpm 5mo ago
The more straightforward explanation is that it's a story that Elon (probably correctly) thinks will sound good to wall-street and enable him to take a ton of the publics money when SpaceX IPOs and gets added to the S&P for himself.
In other words good old fashioned plausibly deniable securities fraud.
- notahacker 5mo agoAs an investment narrative it was ideal to justify rolling Elon's unprofitable second tier AI company and the debt-ridden mess he made of Twitter into his highly successful space company, ensuring the investors in those get paid off by the SpaceX IPO...