Google (Alphabet) owns 6% of SpaceX which they bought for $12B in 2015. They want to maximize the value of their investment.
replyThe article mentions Google is heavily invested in it.
replyGoogle is safeguarding it's investment in SpaceX.
replyHow is Google competing with SpaceX?
replyIf you look at the IPO filings you’ll see that Spacex as we know it is just a small part of the expected revenue generator. It is supposedly Grok and AI, hence Google competitor.
replyWell you or me also can publish a statement claiming we are Google's competitors. That doesn't mean they'll take it seriously.
replyI can’t believe serious people use Grok. It has to be propped up by Twitter usage/Musk fans right? It really strikes me as the worst one.
replyThey’re both AI companies
replyAll companies are now AI companies.
Just like a while ago all companies were suddenly Ads companies.
The entire tech sector is one big FOMO - once you reach certain scale you do exactly the same thing as everyone else.
replyI get what you mean but SpaceX owns xAI, which is objectively a company that trains models and has massive distribution by owning X.
replyI don’t think their models are competitive with Google, and Google obviously has the best distribution imaginable, but they definitely are a competitor.
In the way that Michael Jordan and myself are both basketball players
replyOne of which has more capacity and wants even more, one of which has less capacity and is renting it out.
replyOne is an ad company the other a lifestyle venture?
replyIn the sense that if you want to sell anything whatsoever today it must an AI story.
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replyis there a reason you didn’t give the explanation…?
replyMaybe common investors want to sell stocks to retail
replyThey are not. The amount of conspiracy in high ranked HN comments for AI companies is insane.
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