| ▲ | 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. | ||