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It is still about space. AI and space computers are just the vehicle to fund it all.

Billions of AI capex for a model that’s consistently forgettable and space computers, presumably data centers in space, are funding SpaceX?

Isn’t the opposite?

SpaceX has an extremely profitable launch program and a profitable Starlink. It’s a straightforward would be better off financially without X and X.ai.

Cash: rockets fund AI

Equity: AI funds rockets

Of all the places that money parted from fools winds up, this is not the worst of them.

You are correct. If the company wanted, it could probably be profitable in the next couple of years. But that would require aggressively shedding stuff like X, xAI, and Starship. If they did that, they'd lose a lot of stock market value.

The graveyards are full of blockchain companies who said something similar.

Not many that launched rockets or anything like that.

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