Google Discloses $94.1B in SpaceX Stock, Marking 6% Stake

Please stop with the disinformation

If you're investing in an Elon company you better believe in the man because he's always ran them however he wants. Seems fine for the voting shares to reflect that since he's been running companies for decades; you had the opportunity to know what you're getting into.

If for some reason you're invested into some total market index or the like and you don't like the companies that it invests into then maybe you shouldn't invest according to those rules.

Companies generally don't just jump into a totally new market unless they've already got some experience.

The SpaceX acquisitions of xAI and X have absolutely nothing to do with space. While I'm sure SpaceX software engineers benefit greatly from cheap access to Grok, it and X have no relevance to the core business of SpaceX. It's the same level as "huh?" if Boeing decided to buy up an AI company and social media platform. The only reason xAI and X are even part of SpaceX is because Musk fucked himself with being forced to buy Twitter and he decided to bundle them with an actually profitable company.

He broke through that professional firewall when he merged xAI with SpaceX and then pushed it to go public as he did. I also posit that Gwynne Shotwell is weirdly undervalued for what she's accomplished and what she's put up with, and I think that will show up some time in the future.

There was enough technical analysis to show that even Musk's cult feed can't overcome the significant financial hardships he laid on SpaceX. I personally think it was his jump the shark move. He can't really go up again after this. He no longer has any untainted assets for mega-exploits.

At SpaceX’s valuation, even a 1-2% increase in share price due to some astroturfing on the platform they themselves own basically pays back the cost of acquiring twitter.

Whether this trend continues or not indefinitely will largely determine if incestors start looking for the door.

Since then Starlink has succeeded, reusable rockets are a reality, ISS crewed spaceflight restored to US.

I expect all that had an impact on the valuation. Personally I wouldn't invest in Elon because his stock is a wild ride but space x has achieved a lot.

Most people in the developed world are probably under 500km away from the nearest data centre, with most connections being established over fibre.

A space DC would require wireless communications, over longer distances. The latency is higher. Not to mention, Jitter, Latency and Packet Loss are pretty consequential to video streaming, specifically real time or live broadcasts.

... what?

Say what you want about starship etc etc, but space in space is far from free and will be for a long time.

I don't think anybody at Google has sent that email, yet. Maybe Sergey and Sundar don't use Google products, anymore. Maybe they have a special Google just for billionaires that doesn't suck.

EDIT: cleaned up my comment; removed a more inflammatory claim about corruption in the private sector.

Corruption that stands out to me would be regarding starlink, Elon got the FCC to change power emission rules to hamper competitors with better satellites, but the competitors were able to comply and offer a better service still, while starlink’s existing fleet cannot. meaning elon still would actually have to compete and make a new starlink fleet, which he is doing now. (Basically competitors dont need a base station, and future starlink wont meed a base station either, direct to device ubiquity high speed service is coming) but before that path, he then tried to get an exception from the fcc regulation he promulgated, which was extremely grimy. The fcc didn’t go along.

All these come together with orbital data centers…

But you don´t get to to that. Would be like "Excluding my business costs, my company profits are the same as my revenue".

Vanguard’s total market fund (VTSAX). Just setup a monthly purchase and forget about it. Turn wealth building into a time problem instead of a skill/luck/cash problem. (Assuming time is on your side)

[0] By net income. By operating income, still like top 5 to top 10 depending on how you interpret the numbers.

Also when shorting you are betting against the machine of capitalism. It's like very rare and abnormal for today to be a GFC or Enron sort of day rather than a business as usual. You need a lot of skill to short a top 50 comompany. Anyway good luck.

It will also crash the price of chips globally. These high prices are kind of artificially buoyed by the fact that China can’t obtain ASML machines. This keeps China’s vast proven ability to scale manufacturing off the playing field.

This is so clearly the Chinese century. Doesn’t mean the US, EU, etc become backwaters. England was a huge influence on the 20th century. It does mean that China will drive tech and the global economy forward.