635
SpaceX Investors in Meltdown Over All the Money They’ve Lost (finance.yahoo.com)
submitted 2 months ago by to c/technology@lemmy.world
175 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[–] 91 points 2 months ago (7 children)

Just a note: the same people who predicted this would happen are the same predicting the AI bubble bursting.

  • permalink
  • fedilink
  • source
  • hideshow 7 child comments
    •
  • [–] 73 points 2 months ago (4 children)

    well, it is the same prediction. SpaceX IPOed as an AI company mostly

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 4 child comments
    •
  • [–] 5 points 2 months ago (2 children)

    Which is amazing because it's somewhere between 4th and 15th place in the LLM race. Let's say you really believe in a winner-takes-all scenario for AI where the winner gets to monetize harder than Google... Why would you invest in SpaceX? I don't understand the scenario in which SpaceX makes loads of money off of AI. Maybe with space datacenters, assuming that's even possible? But if that's the plan, why spend lots of money training their own model rather than renting out racks of GPUs?

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 2 child comments
    •
  • [–] 3 points 2 months ago (1 child)

    Makes sense, but didn't DOGE steal/transfer social security admin and other US government databases on every American for their AI training. Maybe that access was their implied/wink wink advantage over others?

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 1 child comment
    •