They are looting your life savings | Hacker News Reader

They are looting your life savings

social.bau-ha.us

25 pointsColinWright15 comments

They’d have to keep this up for 12 months which is not guaranteed as you have to factor in hardware depreciation and other costs. Also they’d have to issue more shares to get over the liquidity requirement. And looting may be too strong of a word. They are nudging your returns down a little bit. Although SpaceX could go up too, crazier things have happened.

Yeah, while the world is mostly clickbait at this point, "magically makes them eligible for inclusion in the S&P500" is probably some of the best (i.e. worst).

BS until 2027 at the earliest.

“Now, SpaceX and other megacap companies like Anthropic and OpenAI will have to wait at least 12 months after their IPOs to join the S&P 500.”

https://finance.yahoo.com/markets/stocks/articles/vti-vs-voo...

Phew! I was worried the circular funding of a company that owns a significant portion of SpaceX buying compute from them in order to make SpaceX suddenly profitable enough to enter the S&P 500 in 2027 was something to worry about, but luckily we have the cool heads behind instagib to enlighten us all.

https://news.ycombinator.com/item?id=48424983

Suffering the HN Hug of Death.

Text reads:

And just like that—surprise!—one AI company bails out another AI company's grift. Google agreeing to rent compute from xAI (cough, "SpaceX") magically makes them eligible for inclusion in the S&P500.

Americans, they are looting your life savings, the ones you earned through labour that they are gleefully replacing. Your descendants will never have the chance you had.

-- https://techcrunch.com/2026/06/05/google-will-pay-spacex-920...

> And just like that—surprise!—one AI company bails out another AI company's grift.

This is obvious as Google is also an investor in SpaceX (and Anthropic) but this time Google is directly involved and can afford to fund them both.

The losers are the employees being laid off with their salaries and RSUs being used to fund the data centers.

404

HN Hug of Death ...

What is the Mastodon instance running on? Just curious. Never stood one up before.

No idea. Sometime when it's not being hammered you can ask them ... it's not my instance.

And I don't know what my instance is running on ... I have a tech co-mod who deals with it. We have two rather grunty servers running the the cloud, that's all I know.

If you're genuinely interested, email me and I'll find out for you. Details in my profile.

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Added in edit ...

From their "about" page:

Hello World! Welcome to mastodon@bauhaus, our small niche in the fediverse.

This server originated @maschinenraum, a small hackspace in Weimar. It is currently administrated and moderated by a small team via @admin.

We run our own server in a local data centre just down the road, so there's no cloud here – however, that also means if it breaks, it breaks. And it will happen every now and then, and there are backups, and it's mostly fine, but don't expect 100% uptime – 99% will have to do.

We're part of the Chaos family surrounding the Chaos Computer Club, so you can meet us at events like the C3 and get to know your admins!

-- https://social.bau-ha.us/about

No worries, was just trying to get an idea of what hardware would fall over from HN hits. Perhaps they also linked it on another site.

At this time of day HN can send a lot of traffic[0] in a very short period of time.

[0] By some metric, of course.

> And just like that—surprise!—one AI company bails out another AI company's grift. Google agreeing to rent compute from xAI (cough, "SpaceX") magically makes them eligible for inclusion in the S&P500.

> Americans, they are looting your life savings, the ones you earned through labour that they are gleefully replacing. Your descendants will never have the chance you had.

> https://techcrunch.com/2026/06/05/google-will-pay-spacex-920...

If you have options in your retirement accounts, convert to foreign ETF’s, world markets mutual funds or us debt. Get you of things like nasdaq or s&p 500 unless you like the top companies. If you can get the r3k (smaller stock) mutual funds try that.

Worst case, look into inflation proof assets or very short term debt via bank accounts.

VXUS for foreign equities, SGOV for short term cash equivalent, commodities for an inflation hedge.

Not investing advice.

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