“Orbital space centres and mass drivers on the Moon will be incredible.” - Musk

Right.

The product is the stock. TSLA: [1] Up by 3x in the last two years, despite no new models, the Cybertruck failure, the Robotaxi failure, the large truck failure, and an overall decline in sales. How does he do it?

It's a concern seeing Space-X, which builds good rockets, drawn into the X and AI money drains. Space-X is needed. If X and X/AI tanked, nobody would care.

[1] https://www.cnbc.com/quotes/TSLA

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stephbook 4 hours ago | parent | next [-]

> How does he do it

He always promises something 3 years into the future. He uses the new money to keep the old stuff afloat. He mad SpaceX buy Tesla Cybertrucks when noone else wanted them. Now buy data centers.

Tomorrow he'll have a new idea, a new snake oil, new investors and his "BEAM transportion" company, totally real in 3 years, will buy shitty space data centers noone else has a use for.

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thinkcontext 13 hours ago | parent | prev | next [-]

If I was a SpaceX investor I'd be considering litigation. Saying the core product has to be rebuilt right after it gets bought by SpaceX?! Maybe the SpaceX investors would have liked some diligence about that before purchase but looks like someone had a conflict of interest about that.

	▲	Animats 11 hours ago \| parent [-]
		Space-X and x/AI are both privately held. But this may mess up the proposed IPO.[1] By completing the SpaceX–xAI deal while both companies remain privately held, and now closed, Musk can effectively set relative valuations, negotiate terms within a founder‑controlled ecosystem, close, and then inform investors, without the procedural drag and disclosure obligations that attend a public‑company merger. That flexibility can reduce near‑term execution friction. It does not, however, eliminate fiduciary exposure; rather, it may defer scrutiny to the IPO phase, when investors and regulators will examine how and why the combination occurred, how it was priced, and how related‑party dynamics were managed. [1] https://www.dandodiary.com/2026/03/articles/director-and-off...

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codemog 12 hours ago | parent | prev | next [-]

Greatest hype man of all time and shows how whacked out reality and economics are.

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cedws 4 hours ago | parent | prev | next [-]

I suspect the xAI merge was a manoeuvre to pump SpaceX whilst actually quietly beginning to scale down xAI. It’s a money losing venture.

	▲	rhubarbtree 3 hours ago \| parent [-]
		SpaceX is an incredible business and too important to fail. By rolling his other businesses into it, Elon protected them from failure. Something to admire is his ability to always find the chess move. Like, you could see Twitter is a disaster of a business that should have dragged Elon down, but he manoeuvred his way out of it.

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sroussey 15 hours ago | parent | prev [-]

You had the answer right there… SPCX will be the product, what they make will no longer matter.