"It really seems like anyone with some renders and a white paper written by someone being gassed up by an overly agreeable AI can get VC funding these days."
If it helps, you’re VTSAX 401k right now would only lose about 0.1% value if SpaceX dropped to $0. By June 2027 when all insider shares are unlocked it could go as high as 1.5%, but again only if it went to $0.
I hate Musk, I think SpaceX as an IPO was trash, and I disagree with the rule changes for index inclusion. But big picture, our 401k will be fine.
It’s technically possible that all the starlink satellites have some arm socs. But the case only makes economic sense if the demand for compute outstrips zoning permit for data centers.
I don’t know you, and I certainly don’t know your aunt and uncle, but I would generally assume in Nazi situations that “even after” probably means “particularly after” even if they don’t admit it.
Are there actually people who think this is a good idea that are not in a position to make money off it?
Yes. All the retail investors in SpaceX that will be left to hold the bag.
That’s a funny way to spell "our 401k"s.
If it helps, you’re VTSAX 401k right now would only lose about 0.1% value if SpaceX dropped to $0. By June 2027 when all insider shares are unlocked it could go as high as 1.5%, but again only if it went to $0.
I hate Musk, I think SpaceX as an IPO was trash, and I disagree with the rule changes for index inclusion. But big picture, our 401k will be fine.
It’s technically possible that all the starlink satellites have some arm socs. But the case only makes economic sense if the demand for compute outstrips zoning permit for data centers.
My aunt and uncle are Elon fans (yes, even after his fucking Nazi salute) and have said orbital data centers are a good idea.
They have money, and my uncle is usually pretty smart, so I’m not sure what the fuck is happening.
I know what’s happening! Your aunt and uncle are racist dumbasses.
I don’t know you, and I certainly don’t know your aunt and uncle, but I would generally assume in Nazi situations that “even after” probably means “particularly after” even if they don’t admit it.