The post fails to mention that spaceX is not just a rocket company. Bundled with it is xAI, which is presumably losing money hand over fist. Package enough risk together and sell for a higher price to retail consumers. We’ve seen this play…
> Bundled with it is xAI, which is presumably losing money hand over fist.
But that is surely offset by Twitter, which is doing great business.
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What I don't get is what happened to 'I'm keeping spaceX private so we can actually get to mars', with the understanding that'd be almost impossible as a public company.
Welp, guess that idea got sold out...