I think you're collapsing a few different concepts together. Calling something a scam implied intentional deception about the underlying business. I don't think that's the same as selling an extremely optimistic vision at a valuation I personally think is unjustifiable.

Plenty of companies have traded at prices that assumed almost everythign would go right. Most of those expectations eventually proved wrong but that doesn't retroactively make them scams.

If the argument is that space data centers or some of these future initiatives are technically unrealistic, then criticize those ideas on their merits. If they're impossible or economically irrational, the market will eventually price that in, even if it takes a long time horizon.

Are you telling me that you believe the nobody at SpaceX has run the numbers and shown the richest person in the world that according to the known laws of physics each data center will have to have MANY ACRES of radiator?

Fuck, even Grok would have told him this.

The SpaceX IPO was intentional deception - no doubt.

>Calling something a scam implied intentional deception about the underlying business

SPCX says their TAM is $29 Trillion, an intentionally deceptive number. Anything they say about Mars is an intentional deception, at least until they develop a lander or a habitat or select one (1) astronaut for this.

There is a difference in wearing rose colored glasses and saying wild shit to deceive people.

The space data centers are intentional deception.