It’s about Elon’s control over these companies. Creating a valuable company with durable revenue that produces products that the market actually wants, with stable governance by a board representing the shareholders of the company? Bah! What am I, a sucker?
replyHe wants control, so that he can use investor’s cash to do epic stuff like humanoid robots, cyber trucks, an AI that tells you that apartheid was actually cool, rocket cars, real life brain controlled robot bacon chungus, etc.
> SpaceX (whose valuation is based on the assumption that demand for inference is effectively unlimited, and that everyone will prefer hardware in space over Earth).
replyWell, that and being the only reusable rocket company ever with an even bigger version on the horizon and a global Internet service that's about to get a whole lot better thanks to aforementioned rocket. Both of which are hugely profitable.
Rockets and Internet service are a tiny part of the valuation. It's mostly imaginary AI related sales.
replyYou don't know why people value the company and excluding the two very profitable parts of the business in your list is obviously misleading to the point that anyone reading that should be offended that you think they are that stupid.
reply> You don't know why people value the company…
replyWe do, at least at the time of the merger, as it existed as separate parts prior. https://en.wikipedia.org/wiki/SpaceXAI#Finance
https://en.wikipedia.org/wiki/Initial_public_offering_of_Spa...
Their own numbers in the S1 they released before the IPO listed their potential market growth, and it was almost entirely in the AI division. These aren't my numbers, these are Musk's numbers.
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