[1]: https://www.forbes.com/sites/garthfriesen/2026/04/25/spacex-...
There is nowhere near enough burning rage for this absurd fleecing of the public.
They are planning to capture 100.7% of it?
To quote a message I wrote on a finance channel on telegram:
The TAM for "enterprise applications" at 28 T sounds both too much and too little: by the time the tech (and/or overall economy) allows it to reach that number, that number itself will look unimpressive, and this kind of scale seems to be reachable with ground-based more easily than with space based (at current energy prices, even that TAM is only about 2% of being Kardeshev 1).
Feels like Musk did vibe-economics for "how big is the global digital economy?", much like the claims about factories on the moon making data center satellites looks like he prompted grok with "if I tile the moon with solar powered factories and mass drivers to launch them, how many TW can it launch per year?"The world's GDP is about 100T. That would mean more than 1/4 of every expenditure in the entire world would go into buying AI or by AI providers into their consumables.
That number is just bullshit.
AI today can't do all desk jobs, I don't know how far we even are from that given the spiky nature of ML, but it smells like this IPO is using that as the justification for the claim.
The TAM for AI right now is the sum of all revenue from all AI companies. That seems to be something around $100B, or about 0.3% of the number on that document.
If they plan to grow that market, that's a different indicator.
> The TAM of a particular alcopop manufacturer is "all beverages sold on the area it distributes". Misrepresenting it as "all food" would be borderline fraud.
If you're confident of this, you may wish to edit the wikipedia page I linked to, which I was paraphrasing, that distinguishes between total available market (TAM), served (or serviceable) available market (SAM), and target market (TM). To quote it instead:
For example, the total UK consumer expenditure on food in 2014, which is the total addressable market of food, was £198 billion (including catering, alcoholic drinks, non-alcoholic drinks and other foods).[3] The serviceable available market for alcoholic drinks, which producers of alcoholic beverages target and serve, is £49 billion.[3] Since the market for alcoholic drinks is not a monopoly, the market share for a company producing alcoholic beverages can never reach 100% of SAM.[4]EDIT: guys, it's sarcastic... since the parent was talking about latency, cooling is something that is even worse in space than latency
Similarly Space-X’s IPO valuation is about “data centers in space” vaporware hopium and “timeshare all the GPU time that Grok isn’t using”.
There’s a trend with Musk’s companies.
Jack Barker’s rather blunt monologue in SV about how the stock is the product is more true than ever. It felt very heavy handed at the time but it’s only proven to be more the case than I thought.
These are often both weak signals, though. They'll govern very high level decisions, but all the day to day is inside the company. Just as I want a return on the money in my bank account (as I was promised) investors want a return on their money too, and as you say, the executives and board should care about making sure the people who put money into the company are getting a decent deal out of the arrangement.
Plus as others have said, usually all of the decision makers have a bunch of stock exposure and will prioritize their own financial gains over pretty much anything else.
Waymo is actual FSD.