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I wouldn't really say SpaceX expanded its business. It was merged with a social network and AI firm to juice its IPO valuation. The SpaceX part of the business
by matwood 3mo ago
I wouldn't really say SpaceX expanded its business. It was merged with a social network and AI firm to juice its IPO valuation. The SpaceX part of the business is interesting, but the value is generously only about 20% of the value of the company. Anyone who wants to invest in AI isn't going to want a near last place model company. And who wants to put money into Twitter?
- TurdF3rguson 3mo agoI don't think what place you're in matters anymore when a small lab like Moonshot can come in and take the top spot out of nowhere.
- disgruntledphd2 3mo agoSure, but that's more of an indictment of SpaceXAI. All those resources, and they get upstaged by a bunch of much more compute constrained Chinese startups.
- TurdF3rguson 3mo agoI disagree. They're renting out GPUs to other providers because they realize it's a long game that they're in a better position to win because they control infrastructure as well as hardware. We'll have to wait and see I guess.
- matwood 3mo agoLong game - lol. xAI lost/never gained traction. The talent all left, so Musk is trying to recoup some of the enormous investment in hardware.
- disgruntledphd2 3mo ago> Long game - lol. xAI lost/never gained traction. The talent all left, so Musk is trying to recoup some of the enormous investment in hardware. This seems more likely to me, but we'll see I guess.
- TurdF3rguson 3mo agoThey're waiting for OpenAI and Anthropic's bubble to burst most likely and then they can acquire that talent for a song.