Miscellaneous News
- Thread starter bd popeye
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IPO is the new NFT
It's money laundering, or rather monetizing debt on national scale
It's a way for US to rob it's citizens by pumping up the tech companies with easy/fake monies
You do realize the "SpaceX" here is really now just xAI (Twitter/Grok) with original SpaceX tagged in for the name.
SpaceX business is really just Starlink, actual commercial launch market hasn't grown from 10 years ago and is still trivial. Starlink itself only has 12 million subscribers globally, to put things into perspective just one of the 3 major US telecom companies (Verizon, T-Mobile and AT&T) has 140 million subscribes by itself, even in much smaller Canada each of the 3 telecom companies (Bell, Rogers and Telus) has 20 million subscribers each, so SpaceX is running on half the size of Telus (minus landline/fiber business), and Telus market cap is only $20B
Anthropic is objectively worthy more than the new "SpaceX". Anthropic might be burning massive amount of cash serving Claude with brute force compute and is f*ed in their own way, but at least Claud is actually useful and people actually do use Claude, while "SpaceX" aka xAI spends just as much on datacenters but nobody actually uses Grok.
At end of the day the only company that can at least marginally justify its valuation is Nvidia selling shovels, OpenAi, SpaceX and Anthropic are all massively money losing datacenter stocks.
I'm very curious on where it went wrong technologically, or is it just a case where systems have grown exponentially more complex where they can no longer keep up at the current level of investment? If we look at something like AAM-4, this was the first AAM with AESA seeker, but at this point the capabilities are not on par with PL-15. They also developed their FCS-3 AEGIS-alike AESA based system, but it seems like it was not that capable...
I will always remember MiniDisc. It was a defining moment of the collapse of the Japanese CE industry. I was travelling to HK and a friend of mine had asked me to pick up a top of the line MD player. It was like $500 or something like that. I tried very hard to convince him it was a waste of money, it was better to get an MP3 player. At the time you could get a Compactflash player for $300 with 256MB of memory or a cheap no name CD based player for $150 from random HK-fronted Chinese companies. A year after he told me I was right and his MD player was trash.
SpaceX has actual ground breaking tech in terms reusable rockets. They also have starship. Starlink is also a new tech that no one else yet has. Yes China is developing it but still not there yet.
Compare that anthropic. What do they have? Llm model which has 10+ competitors that are actually free and open and literally the same capability?
It doesnt matter how much anthropic is used. All it takes is one line change to switch to a different model.
Even their datacenter usage is super expensive and not efficient. If you gpu data center then pick google or aws.
Anthropic and open ai are dead companies due to chinese competition.
US IPO or market is much more liquid because it keeps its key partners informed and deliver products what they truly they want. thats why i use word soft power for lack of better word.
missing is the bullet point that they are pressured to remilitarize. it is possible that they will be expended like the ukranians as attritables.
“Mega X Corp. Creating a better galaxy. Today. Tomorrow. Forever.”
These problems will increase. since it will keep wasting resources because colonized East Europeans and Turks gravitate towards Germany and this give Germany false impression about its technological power
A country that can not make a real 4G fighter want to build a 6G fighter and want to become leader in AI. lol.
SpaceX isn't ground breaking, SpaceX is in a field where few people have subject level knowledge so it's easy to grift.
To put things into perspective for you, China can launch 100 Long March 5 in fully expendable mode a year (which will exceed Falcon 9 upmass per year), and spend only as much more money compared to Falcon 9, as how much money Grok is burning every year, money that is now on SpaceX's account.
The costly thing in space isn't the rocket, never has been, and as far as capability is concerned, thanks to Elon's genius idea of using steel for Starship, it's looking at an upmass right now that's basically in Long March 10 territory.