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throwaway290 12 hours ago

> If you have a 401k you will be an investor 15 days after launch

You will be an investor in spacex and xai which it bought.

Fun fact, Xai net loss 6 billion dollars per year and SpaceX net profit 8 billion on a good year (https://www.reuters.com/technology/musks-xai-posts-net-quart... https://www.globalbankingandfinance.com/spacex-registers-tak...)

If you remember xai, it's that company currently being sued for the undressing kids feature (https://www.theverge.com/ai-artificial-intelligence/895639/x... https://en.wikipedia.org/wiki/Grok_sexual_deepfake_scandal) in its flagship product. By the way the feature is still enabled apparently

Is there something about why spacex wants to go public ? if not then this is definitely about xai... to hide unprofitability and offload it on general public ASAP.

lokar 10 hours ago | parent [-]

The SpaceX profit is EBITDA, not real. And presumably includes massive starlink depreciation and stock based comp.