In a blog post, Musk said the acquisition was warranted because global electricity demand for AI cannot be met with “terrestrial solutions,” and Silicon Valley will soon need to build data centers in space to power its AI ambitions.
This dumb fuck. Unfortunately, his boosters will be all-in on this messaging. Whatever.
The government will not let SpaceX fail, it’s a strategic asset and Musk knows this. He is going to tie his Xai to it and saddle it with all the debt it is incurring. When the AI bubble pops he will be able to ask for bail outs to keep SpaceX afloat.
Companies that are too big to fail and need a bail out, should be automatically nationalised.
*Automatically nationalized and leadership at those companies should be investigated and tried for fraud.
These CEOs need to take accountability not a golden parachute. They know when a business is failing and when they are defrauding investors and the public.
“B-b-but that will stifle innovation!”
It will most certainly stifle innovative ways to leech more profit while the taxpayer is left holding the bag.
Ah, who am I kidding? They’ll find something new. It will just spark more innovation.
Ding ding ding!
That the reason behind all the AI datacenters in space hubub? Makes sense. The usual “subsidize the losses” strategy.
I could have seen the opposite, too, where xAI pays spaceX gobs of money for tons of datacenter launches in advance, bubble pops, xAI goes under and spaceX still has the money. But ya I think this is “the govt won’t let spaceX fail, pile all the riskiest shit into that”