SpaceX demonstrated that the public markets have a limited tolerance for a multi-trillion dollar company that doesn’t make any money.
Ed’s leaks demonstrated that OAI doesn’t make money (even on inference).
Put these two together and I think the conclusion is pretty obvious.
> SpaceX demonstrated that the public markets have a limited tolerance for a multi-trillion dollar company that doesn’t make any money
What? How? SpaceX loses oodles of money. It's trading above its IPO, and just filled an oversubscribed bond deal.
> Put these two together and I think the conclusion is pretty obvious
Zitron has a faithful following. He isn't a broadly-influential analyst.
> Ed’s leaks demonstrated that OAI doesn’t make money (even on inference).
They did not.