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2 days agoI hope he doesn’t cook data to get manned Mars shots approved. Or some astronauts will get cooked.
Uriel238 [all pronouns]
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Cake day: June 25th, 2023
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It’s down to $154 as of 2026-06-22, 4PM EDT, which is still higher than the IPO. But analysts called the IPO a bear price anyway. It’s a bad time to buy.
I’d say wait until the market comes to its senses and SPCX makes its correction, but currently much of the whole Stock Market is overvalued based on futures. Meanwhile rich people are investing in gold and bonds.
According to How Money Works, OpenAI and Anthropic are going to soon make their IPO and Alphabet is going to do a revision thing (that I don’t fully understand) so there’s going to be a lot of extra supply for those wanting to buy brand new stocks. Also, US Bonds are being offered at a higher interest deal. So there are a lot of circumstances that suggest SPCX is not going to retain its high value.
Also, as has been covered before, SPCX is losing money, is $20 billion in debt, and its valuation is based on some super long term promises like a Mars colony (of one million people, not just a manned mission) and data centers in orbit. Making fat promises that don’t get fulfilled is part of Musk’s shtick. He’s confidence-gamed his way to his trillion.
Used to track exes and stalking subjects in 3… 2… 1…
This is how I know that the USA is just the first of the neoliberal states on a fast track to societal collapse. Throughout the industrialized world we’re seeing the rise of the surveillance state, the influence of billionaires and the rise of far-right movements sponsored by the ultra-wealthy.
The disease infecting the United States is contagious.
Americans are forced to participate in a malevolent system to survive.
I’m sure that the majority of smokers do not believe that tobacco production or consumption is a benefit to society.
What technology promise did he make that he kept?
His promise of self-driving cars turned into a huge pile of accidents, especially since he insisted (still insists) that autopilot operate on a single sensor. Waymo uses five.
It’s not like his companies did nothing. Getting his launch vehicles to land safely, vertically, was way cool, but a small step on the way to space colonies or space tourism.
The valuation of the stock is based on Musk doing what he’s always done, which is making seemingly impossible promises sometime in the future.
You know what he promised by 2025? A fleet of driverless Tesla taxis. xAI producing the first AGI. A human being on Mars planting a flag.
You know what the evaluation of SpaceX is based on? The promise of a Mars colony with one million human inhabitants, and space-based data centers. It’s going to be decades before it’s worth the IPO, if ever.
In the meantime SpaceX is in debt 20 billion, and is bleeding money. It lost $4.94 billion in 2025.
So it looks to me like a private equity project. Like Toys 'R Us or Radio Shack or Claire’s. Remember those?
And Nasdaq-100 is fast-tracking SpaceX into its portfolio after 15 days. Soon, pension funds and 401(k)s are going to feature SpaceX stocks. So when it does implode, a lot of worker-class folk are going to eat the loss.
You know who I bet will not be eating the loss? Trillionaire Elon Musk.
Or, you know, Google could go back to its link-ranking system for now until it figures out how to keep AI from hallucinating.
AI is still premature. Experimental. It should be regarded as such, like an early-access game.
The US is showing a lot of the classic symptoms of approaching civilization collapse, from unmitigated climate change to polarization of wealth and power at the top, to the open, extreme corruption of government officials.
All the horsemen of the apocalypse are getting ready to ride.
But in the aftermath, we’ll learn all the ways that the empire stabilized the rest of the world, and conflicts between local warlords will break out across the world like hives.
That’s because the key ingredient for a data center is not an abundance of water and power, but regional officials who can be bribed to fuck over the local neighborhood.
In other parts of the world, data centers are regulated, required to not overwhelm the local infrastructure, and not bother the neighbors, but here in the US, politicians come cheap.
0·15 days agoWhile there are a lot of war hawks in the GOP that wanted a war with Iran for Christmas, I’d hope that the sponsors of AIPAC came from a brighter sort, or at least were advised by think tanks enough to know how bad an idea war with Iran is.
The GOP hawks want a full-on invasion and regime change (more puppet-dictator than democracy, still, but certainly not the Islamic republic that is in place right now.) But that would involve a level of commitment akin to the what we saw with the Vietnam war, including conscription (id est the Draft), and that would be super unpopular in the states and would poison the US armed forces from within.
Prior presidents, including Republican ones didn’t push into Iran because all down the line our intelligence sector has been iterating how really-really bad an idea it is.
So when Trump did it, we quickly learned it was a bad idea. Who knew!? ( Narrator: Everybody. Everybody knew.)
But since Trump is in office, our government is currently immune to the advice of its intelligence officers. We may invade Iran with full boots on the ground, and we may invade Cuba. We may do both together and then watch in horror as China invades Taiwan, and the US is too overextended to do a thing.
As per the George W. Bush years, anything can happen.
It would be like the Onion to mock Trump for yet another promise in two weeks.
It’s not a strong like-the-Onion, but it is like the Onion.
This is the Star Trek episode What Are Little Girls Made Of. and Peter Thiel is an android from the future trying to make sure his timeline comes to pass.
Trump totally wanted Greenland. It appears he was also super-eager to invade Iran, and needed just a little nudge from MBS and Netanyahu (though mostly from Jared Kushner).
Bribeable officials appears to be the key ingredient for ideal sites for data centers.
Ever since the rise of modern evangelism since James William Fifield Jr. and his First Congregational Church in Los Angeles, the oppression and conversion themes of Christianity have been cranked up to eleven, if you can believe that’s possible.
For a deep dive, check out the Behind the Bastards two parter on How the Rich Ate Christianity. (Part one, Part 2)
In fact, billionaires are rich enough to buy elections and control governments. Trillionaires are going to control all the governments.
Our first trillionaire is the breaking of a seal for the entire industrialized world. It’s an apocalyptic sign.