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It’s interesting the cognitive dissonance this brings out in me. As much as I think Musk carries a fairly reprehensible aura, I would still like to see SpaceX s
by appplication 2mo ago
It’s interesting the cognitive dissonance this brings out in me. As much as I think Musk carries a fairly reprehensible aura, I would still like to see SpaceX succeed. Space has a funny, transcendent way of inspiring us.
- amanaplanacanal 2mo agoThe tiny part of SpaceX that is actually about space, yes. Unfortunate that it has been bolted onto the hulk of Musk's AI fever dreams.
- yieldcrv 2mo agoEven at $38/share it will still be number 20 on the fortune 500 by marketcap Too bad for Elon gullibles its at $113/share but its a great company at $38
- tim333 2mo agoDepends a bit on how the AI stuff goes.
- yieldcrv 2mo agoright. instead of having an enterprise AI strategy, they've become a landlord, renting capacity directly to competitors on a month to month basis, competitors who are building their own compute and can cancel this rental contract at any time. so they'll use that to try to print rosy revenue numbers, except the size of the contract is until 2029 and the month to month payments can be cancelled at any time. and they only have capacity to rent out because they don't have an enterprise AI strategy, they overspent on GPUs for an audience that never showed up for Grok, it has abysmal usage and its radioactive because it creates CSAM and is based af. It's just outdated Nvidia hardware that they are trying to recoup just a little bit of value from. and if you believe in space datacenters, I've got a bridge in brooklyn to sell you! actually space datacenters are the 21st century bridge in brooklyn, whoever is selling you about it thinks you are stupid. Elon Musk just wanted the trillionaire print by all accepted metrics, and got that, so he said anything and disclosed it properly, and 4.9% of the shareholders bought that plan because they were greedy hoping for a pop. The pop came. now they're underwater. Elon Musk doesn't believe the total addressable market of SpaceX's other business lines are that valuable in comparison. 25 trillion TAM for enterprise AI applications, 3 for everything else. ruh roh
- Geee 2mo agoIt is still about space. AI and space computers are just the vehicle to fund it all.
- refulgentis 2mo agoBillions of AI capex for a model that’s consistently forgettable and space computers, presumably data centers in space, are funding SpaceX? Isn’t the opposite? SpaceX has an extremely profitable launch program and a profitable Starlink. It’s a straightforward would be better off financially without X and X.ai.
- smallmancontrov 2mo agoCash: rockets fund AI Equity: AI funds rockets Of all the places that money parted from fools winds up, this is not the worst of them.
- Breza 2mo agoYou are correct. If the company wanted, it could probably be profitable in the next couple of years. But that would require aggressively shedding stuff like X, xAI, and Starship. If they did that, they'd lose a lot of stock market value.
- matthewdgreen 2mo agoThe graveyards are full of blockchain companies who said something similar.
- tim333 2mo agoNot many that launched rockets or anything like that.
- throwaway2037 2mo agoTiny part? Huh? Falcon 9, Dragon, Starlink, Starship. That is a LOT of space.
- amanaplanacanal 2mo agoYou should look at the S1 they filed with the SEC. All of their space related stuff including starlink shows a total possible market of 2 trillion, whereas they show AI as over 26 trillion. Basically almost all of their value is AI, not space related activities.
- maxlin 2mo ago[flagged]
- infinitewars 2mo ago[dead]
- hagbard_c 2mo agoYou don't need to virtue signal your dislike of Musk-the-person to be allowed to show your admiration for the exploits of SpaceX. I don't care what you think about Musk and I'm pretty sure I'm far from the only one. Yes, SpaceX is doing great, hopefully other companies will follow their clear lead and make space access more reliable and 'affordable' so that those great wheels-in-the-sky may one day become reality.
- feshbach 2mo ago[dead]
- AlexErrant 2mo agoI apply this mindset to Trump/politics too. I fucking _loathe_ Trump. I still hope he makes America better. But god I fucking hate him. I think his policies are garbage, but I'd love to be proven wrong. All I see is bribery and nepotism... but yknow, he (finally) nominated Jared Isaacman. I'll fucking take it. Musk is anathema. But yknow, I'm glad he's started the companies he has.
- WalterBright 2mo ago[flagged]
- estearum 2mo ago[flagged]
- pudgywalsh 2mo ago[flagged]
- estearum 2mo agoWhat's authentic/"not phony" about literally making shit up about another person? I'm genuinely confused so please explain step by step. Do you think everyone around you is just brimming with unevidenced allegations of pedophilia to fling around at strangers, and finally we have the One True Authentic™ to just bravely say the big words out loud?
- pudgywalsh 2mo ago[flagged]
- estearum 2mo agoHaha nothing funnier than grown adults (??) who are so infatuated with big wockets that they seem to forget basic concepts like "moral character" if there are big wockets anywhere in the vicinity. So smart.
- ajuc 2mo agoFalse accusations and lies are evil. It's not a debatable statement. Trying to spin it into a positive is not going to work.
- deleted 2mo ago[deleted]
- pudgywalsh 2mo agoActual, literal Nazis got us to the Moon and frankly no one cared. Not then, not now. Try separating politics from the advancement of humanity, you'll feel better.
- qarl2 2mo agoYou're conflating politics and ethics.
- adastra22 2mo agoVon Braun used the Nazi war machine to make his rockets. Musk ran DOGE. They’re both political figures by their own choices.
- feshbach 2mo ago[dead]
- qarl2 2mo agoThe important factor isn't politics. It's ethics. Saying it's about politics is obfuscation.
- inglor_cz 2mo agoAfter reading this https://www.astralcodexten.com/p/breakdown-in-pakistan https://www.astralcodexten.com/p/breakdown-in-pakistan and this https://lydialaurenson.substack.com/p/the-time-i-joined-peace-corps-and https://lydialaurenson.substack.com/p/the-time-i-joined-peac... I do wonder whether much of USAID and similar programs are an instance of a road to hell paved with good intentions. If professional NGOs hollow out existing local organizations and destroy local ability to organize on the cheap, they may be basically condemning entire countries to perpetual dependence on someone's else's politics and budgets.
- adastra22 2mo agoThat’s the point. I’m not being cynical, USAID is self-serving diplomacy. Doesn’t make zeroing out the budget the right call though.
- y0ssar1an 2mo agoNot me! I'm rooting against SpaceX lol Starship is the SpaceX Cybertruck - lots of impressive engineering, but still doomed by terrible design choices from you-know-who. Stainless steel is just such a terrible choice for a rocket this large. Doomed the whole enterprise. I know launches are exciting. Landings, doubly so. But eight launches to get to the moon is not a good rocket. Sorry.
- enraged_camel 2mo agoYour takes are hotter than a launch pad with all 33 raptors firing!
- Garrrrrr 2mo agoand costs taxpayers billions compared to our working models 60 years ago. Great innovation
- FL33TW00D 2mo agoI remember the Saturn V being caught by chopsticks in mid air too. Starship is fantastic value for money compared to Artemis!
- y0ssar1an 2mo agoSaturn V didn't take 8 launches and 9 orbital fueling operations to get to the moon.
- PopePompus 2mo ago[dead]
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- at-fates-hands 2mo ago>> Stainless steel is just such a terrible choice for a rocket this large. Honest question, but what do they usually use?
- qwerpy 2mo agoI’m glad that of all places, HN is still able to grudgingly put aside red/blue team sports to appreciate really cool science and engineering.
- pstuart 2mo agoAgreed. Separating those thoughts are valuable here and in life in general. But like a lot of tech, the cool shit can have serious negative effects as well and it's important to be able to, again, acknowledge both appropriately. The success of SpaceX has made him the richest man on the planet, and his money makes him dangerous.
- mlindner 2mo agoHe's only dangerous if you operate a legal system that allows people to be dangerous. Elon Musk has never been the problem. As long as he's not breaking the law it's all good.
- MagnumOpus 2mo agoThe last 18 months have proven that the rule of law doesn’t apply to those who are rich enough to ~bribe~ lobby anyone who would enforce the laws. (A donation to the presidential library, a new RV for the judge, a PAC that runs campaigns for the senator and rep - and Bob’s your uncle. Might cost 0.001% of your assets if you are a trillionaire. Cheap at ten times the price.)
- smallmancontrov 2mo agoIt's always a trip to see the people who practically fetishize the law -- the archaic language, the written form, the pressed uniforms -- turn around and not only develop a self-serving selective blindness to their own team's violations of the law, which is the kind of nonsense you expect in politics, but also employ "stop punching yourself" logic to blame the law itself for those same violations. Absolute madness.
- 2mo ago